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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
Real estate:    
Buildings and improvements $ 10,980,848us-gaap_InvestmentBuildingAndBuildingImprovements $ 10,972,973us-gaap_InvestmentBuildingAndBuildingImprovements
Development costs and construction in progress 293,492us-gaap_DevelopmentInProcess 275,233us-gaap_DevelopmentInProcess
Land 1,882,476us-gaap_Land 1,889,438us-gaap_Land
Accumulated depreciation and amortization (2,319,791)us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation (2,250,757)us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation
Net real estate 10,837,025us-gaap_RealEstateInvestmentPropertyNet 10,886,887us-gaap_RealEstateInvestmentPropertyNet
Net investment in direct financing leases 6,827,596us-gaap_NetInvestmentInDirectFinancingAndSalesTypeLeases 7,280,334us-gaap_NetInvestmentInDirectFinancingAndSalesTypeLeases
Loans receivable, net 1,025,278us-gaap_LoansAndLeasesReceivableNetReportedAmount 906,961us-gaap_LoansAndLeasesReceivableNetReportedAmount
Investments in and advances to unconsolidated joint ventures 642,795us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures 605,448us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
Accounts receivable, net of allowance of $3,629 and $3,785, respectively 40,153us-gaap_AccountsReceivableNet 36,339us-gaap_AccountsReceivableNet
Cash and cash equivalents 137,170us-gaap_CashAndCashEquivalentsAtCarryingValue 183,810us-gaap_CashAndCashEquivalentsAtCarryingValue
Restricted cash 47,279us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue 48,976us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue
Intangible assets, net 458,249us-gaap_IntangibleAssetsNetExcludingGoodwill 481,013us-gaap_IntangibleAssetsNetExcludingGoodwill
Other assets, net 1,008,897us-gaap_OtherAssets 940,172us-gaap_OtherAssets
Total assets 21,024,442us-gaap_Assets [1] 21,369,940us-gaap_Assets [1]
LIABILITIES AND EQUITY    
Bank line of credit 358,555us-gaap_LineOfCredit 838,516us-gaap_LineOfCredit
Term loan 530,038us-gaap_LoansPayableToBank 213,610us-gaap_LoansPayableToBank
Senior unsecured notes 8,022,533us-gaap_UnsecuredDebt 7,626,194us-gaap_UnsecuredDebt
Mortgage debt 979,890us-gaap_SecuredDebt 984,431us-gaap_SecuredDebt
Other debt 95,747us-gaap_OtherBorrowings 97,022us-gaap_OtherBorrowings
Intangible liabilities, net 80,387us-gaap_OffMarketLeaseUnfavorable 84,723us-gaap_OffMarketLeaseUnfavorable
Accounts payable and accrued liabilities 314,226us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent 432,934us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
Deferred revenue 87,420us-gaap_DeferredRevenue 95,411us-gaap_DeferredRevenue
Total liabilities 10,468,796us-gaap_Liabilities [2] 10,372,841us-gaap_Liabilities [2]
Commitments and contingencies      
Common stock, $1.00 par value: 750,000,000 shares authorized; 461,583,731 and 459,746,267 shares issued and outstanding, respectively 461,584us-gaap_CommonStockValue 459,746us-gaap_CommonStockValue
Additional paid-in capital 11,493,988us-gaap_AdditionalPaidInCapital 11,431,987us-gaap_AdditionalPaidInCapital
Cumulative dividends in excess of earnings (1,633,841)us-gaap_AccumulatedDistributionsInExcessOfNetIncome (1,132,541)us-gaap_AccumulatedDistributionsInExcessOfNetIncome
Accumulated other comprehensive loss (28,461)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (23,895)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Total stockholders' equity 10,293,270us-gaap_StockholdersEquity 10,735,297us-gaap_StockholdersEquity
Joint venture partners 75,397us-gaap_MinorityInterestInJointVentures 73,214us-gaap_MinorityInterestInJointVentures
Non-managing member unitholders 186,979us-gaap_MinorityInterestInPreferredUnitHolders 188,588us-gaap_MinorityInterestInPreferredUnitHolders
Total noncontrolling interests 262,376us-gaap_MinorityInterest 261,802us-gaap_MinorityInterest
Total equity 10,555,646us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 10,997,099us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total liabilities and equity $ 21,024,442us-gaap_LiabilitiesAndStockholdersEquity $ 21,369,940us-gaap_LiabilitiesAndStockholdersEquity
[1] The Company’s consolidated total assets at March 31, 2015 and December 31, 2014 include assets of certain variable interest entities (“VIEs”) that can only be used to settle the liabilities of those VIEs. Total assets at March 31, 2015 include VIE assets as follows: buildings and improvements $699 million; land $114 million; accumulated depreciation and amortization $120 million; accounts receivable $15 million; cash $36 million; and other assets, net $14 million. Total assets at December 31, 2014 include VIE assets as follows: buildings and improvements $677 million; land $113 million; accumulated depreciation and amortization $111 million; accounts receivable $5 million; cash $42 million; and other assets, net of $23 million from VIEs. See Note 17 to the Consolidated Financial Statements for additional information.
[2] The Company’s consolidated total liabilities at March 31, 2015 and December 31, 2014 include certain liabilities of VIEs for which the VIE creditors do not have recourse to HCP, Inc. Total liabilities at March 31, 2015 include accounts payable and accrued liabilities of $33 million and deferred revenue of $9 million from VIEs. Total liabilities at December 31, 2014 include accounts payable and accrued liabilities of $34 million and deferred revenue of $12 million from VIEs. See Note 17 to the Consolidated Financial Statements for additional information.