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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues:      
Rental and related revenues $ 1,144,482 $ 1,174,256 $ 1,128,054
Tenant recoveries 126,485 110,688 100,649
Resident fees and services 525,453 241,965 146,288
Income from direct financing leases 633,835 663,070 636,881
Interest income 112,184 74,491 86,159
Investment management fee income 1,873 1,809 1,847
Total revenues 2,544,312 2,266,279 2,099,878
Costs and expenses:      
Interest expense 479,596 439,742 435,252
Depreciation and amortization 510,785 459,995 423,312
Operating 614,375 384,603 298,282
General and administrative 96,022 82,175 103,042
Acquisition and pursuit costs 27,309 17,142 6,191
Impairments (recoveries) 1,403,853    
Total costs and expenses 3,131,940 1,383,657 1,266,079
Other (expense) income:      
Gain on sales of real estate, net of income taxes 6,377 3,288  
Other income, net 14,404 7,528 18,216
Total other income, net 20,781 10,816 18,216
(Loss) income before income taxes and equity income from and impairment of unconsolidated joint ventures (566,847) 893,438 852,015
Income tax benefit (expense) 9,011 (250) (5,815)
Equity income from unconsolidated joint ventures 57,313 49,570 64,433
Impairments of investments in unconsolidated joint ventures (45,895) (35,913)  
(Loss) income from continuing operations (546,418) 906,845 910,633
Discontinued operations:      
Income before impairment losses and gain on sales of real estate, net of income taxes   1,736 5,879
Impairment losses on real estate     (1,372)
Gain on sales of real estate, net of income taxes   28,010 69,866
Total discontinued operations   29,746 74,373
Net (loss) income (546,418) 936,591 985,006
Noncontrolling interests' share in earnings (12,817) (14,358) (14,169)
Net (loss) income attributable to HCP, Inc. (559,235) 922,233 970,837
Participating securities' share in earnings (1,317) (2,437) (1,734)
Net (loss) income applicable to common shares $ (560,552) $ 919,796 $ 969,103
Basic earnings per common share:      
Continuing operations (in dollars per share) $ (1.21) $ 1.94 $ 1.97
Discontinued operations (in dollars per share)   0.07 0.16
Net (loss) income applicable to common shares (in dollars per share) (1.21) 2.01 2.13
Diluted earnings per common share:      
Continuing operations (in dollars per share) (1.21) 1.94 1.97
Discontinued operations (in dollars per share)   0.06 0.16
Net (loss) income applicable to common shares (in dollars per share) $ (1.21) $ 2.00 $ 2.13
Weighted average shares used to calculate earnings per common share:      
Basic (in shares) 462,795 458,425 455,002
Diluted (in shares) 462,795 458,796 455,702