XML 59 R41.htm IDEA: XBRL DOCUMENT v3.4.0.3
Concentration of Credit Risk (Tables)
3 Months Ended
Mar. 31, 2016
Summary of consolidated financial information (in millions)

 

 

 

 

 

 

 

 

 

 

March 31,

 

December 31,

 

 

    

2016

    

2015

 

Real estate and other property, net

 

$

2,611.8

 

$

2,628.5

 

Cash and cash equivalents

 

 

173.8

 

 

125.0

 

Goodwill, intangible and other assets, net

 

 

4,526.9

 

 

4,598.3

 

Total assets

 

$

7,312.5

 

$

7,351.8

 

 

 

 

 

 

 

 

 

Debt and financing obligations

 

$

5,783.8

 

$

5,836.4

 

Accounts payable, accrued liabilities and other

 

 

1,006.7

 

 

982.9

 

Total equity

 

 

522.0

 

 

532.5

 

Total liabilities and equity

 

$

7,312.5

 

$

7,351.8

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31,

 

 

  

2016

  

2015

 

Revenues

 

$

984.5

 

$

1,054.0

 

Operating, general and administrative expense

 

 

(857.2)

 

 

(897.9)

 

Depreciation and amortization expense

 

 

(32.5)

 

 

(35.9)

 

Interest expense

 

 

(115.1)

 

 

(100.3)

 

Other income, net

 

 

3.5

 

 

2.8

 

Gain on disposal of assets

 

 

3.3

 

 

 —

 

(Loss) income from continuing operations before income tax (expense) benefit

 

 

(13.5)

 

 

22.7

 

Income tax benefit (expense)

 

 

2.9

 

 

(10.1)

 

(Loss) income from continuing operations

 

 

(10.6)

 

 

12.6

 

Income from discontinued operations, net of taxes

 

 

0.1

 

 

1.1

 

Net (loss) income

 

$

(10.5)

 

$

13.7

 

 

Tenants and Operators  
Schedule of concentration of credit risk

 

 

 

 

 

 

 

 

 

 

 

 

 

Percentage of

 

Percentage of

 

 

 

Total Company Gross Assets

 

Total Company Revenues

 

 

 

March 31,

 

December 31,

 

Three Months Ended March 31, 

 

Operators

 

    2016    

 

    2015    

 

    2016    

 

    2015    

 

HCRMC

 

24

%

23

%

18

%

25

%

Brookdale

 

13

%

12

%

10

%

10

%

 

Senior housing | Tenants and Operators  
Schedule of concentration of credit risk

 

 

 

 

 

 

 

 

 

 

 

 

Percentage of

 

Percentage of

 

 

 

Senior Housing Gross Assets

 

Senior Housing Revenues

 

 

 

March 31,

 

December 31,

 

Three Months Ended March 31, 

 

Operators

 

    2016    

 

    2015    

 

    2016    

 

    2015    

 

Brookdale

 

27

%

28

%

21

%

25

%

HCRMC

 

12

%

12

%

6

%

8

%

 

Post-acute/skilled | Tenants and Operators  
Schedule of concentration of credit risk

 

 

 

 

 

 

 

 

 

 

 

 

Percentage of Post-Acute/

 

Percentage of Post-Acute/

 

 

 

Skilled Nursing Gross Assets

 

Skilled Nursing Revenues

 

 

 

March 31,

 

December 31,

 

Three Months Ended March 31, 

 

Operators

 

    2016    

 

    2015    

 

    2016    

 

    2015    

 

HCRMC

 

77

%

64

%

78

%

80

%