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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues:      
Rental and related revenues $ 1,071,153,000 $ 1,159,791,000 $ 1,116,830,000
Tenant recoveries 142,496,000 134,280,000 125,022,000
Resident fees and services 524,275,000 686,835,000 525,453,000
Income from direct financing leases 54,217,000 59,580,000 61,000,000
Interest income 56,237,000 88,808,000 112,184,000
Total revenues 1,848,378,000 2,129,294,000 1,940,489,000
Costs and expenses:      
Interest expense 307,716,000 464,403,000 479,596,000
Depreciation and amortization 534,726,000 568,108,000 504,905,000
Operating 666,251,000 738,399,000 610,679,000
General and administrative 88,772,000 103,611,000 95,965,000
Transaction costs 7,963,000 9,821,000 27,309,000
Impairments (recoveries), net 166,384,000 0 108,349,000
Total costs and expenses 1,771,812,000 1,884,342,000 1,826,803,000
Other income (expense):      
Gain (loss) on sales of real estate, net 356,641,000 164,698,000 6,377,000
Loss on debt extinguishments (54,227,000) (46,020,000) 0
Other income (expense), net 31,420,000 3,654,000 16,208,000
Total other income (expense), net 333,834,000 122,332,000 22,585,000
Income (loss) before income taxes and equity income (loss) from unconsolidated joint ventures 410,400,000 367,284,000 136,271,000
Income tax benefit (expense) 1,333,000 (4,473,000) 9,807,000
Equity income (loss) from unconsolidated joint ventures 10,901,000 11,360,000 6,590,000
Income (loss) from continuing operations 422,634,000 374,171,000 152,668,000
Discontinued operations:      
Income before impairments, transaction costs and income taxes 0 400,701,000 643,109,000
Impairments, net 0 0 (1,341,399,000)
Transaction costs 0 (86,765,000) 0
Income tax benefit (expense) 0 (48,181,000) (796,000)
Total discontinued operations 0 265,755,000 (699,086,000)
Net income (loss) 422,634,000 639,926,000 (546,418,000)
Noncontrolling interests' share in earnings (8,465,000) (12,179,000) (12,817,000)
Net income (loss) attributable to HCP, Inc. 414,169,000 627,747,000 (559,235,000)
Participating securities' share in earnings (1,156,000) (1,198,000) (1,317,000)
Net income (loss) applicable to common shares $ 413,013,000 $ 626,549,000 $ (560,552,000)
Basic earnings per common share:      
Continuing operations (in dollars per share) $ 0.88 $ 0.77 $ 0.30
Discontinued operations (in dollars per share) 0.00 0.57 (1.51)
Net income (loss) applicable to common shares (in dollars per share) 0.88 1.34 (1.21)
Diluted earnings per common share:      
Continuing operations (in dollars per share) 0.88 0.77 0.30
Discontinued operations (in dollars per share) 0.00 0.57 (1.51)
Net income (loss) applicable to common shares (in dollars per share) $ 0.88 $ 1.34 $ (1.21)
Weighted average shares used to calculate earnings per common share:      
Basic (in shares) 468,759,000 467,195,000 462,795,000
Diluted (in shares) 468,935,000 467,403,000 462,795,000