XML 23 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenue    
Rental income $ 192,537 $ 176,703
Income from direct financing leases 15,646 15,442
Mortgage interest income 15,956 16,606
Other investment income - net 6,914 3,431
Miscellaneous income 691 697
Total operating revenues 231,744 212,879
Expenses    
Depreciation and amortization 69,993 62,433
General and administrative 12,524 10,455
Acquisition costs (41) 3,771
Impairment loss on real estate properties 7,638 34,558
Provision for uncollectible accounts 2,404 5,124
Total operating expenses 92,518 116,341
Income before other income and expense 139,226 96,538
Other income (expense)    
Interest income 4 8
Interest expense (45,041) (37,222)
Interest - amortization of deferred financing costs (2,502) (2,132)
Interest - refinancing costs   (298)
Contractual settlement 10,412  
Realized gain (loss) on foreign exchange 61 (22)
Total other expense (37,066) (39,666)
Income before gain on assets sold 102,160 56,872
Gain on assets sold - net 7,420 1,571
Income from continuing operations 109,580 58,443
Income tax expense (1,100) (247)
Income from unconsolidated joint venture 632  
Net income 109,112 58,196
Net income attributable to noncontrolling interest (4,672) (2,641)
Net income available to common stockholders $ 104,440 $ 55,555
Basic:    
Net income available to common stockholders (in dollars per share) $ 0.53 $ 0.30
Diluted:    
Net income (in dollars per share) 0.53 0.29
Diluted:    
Dividends declared per common share (in dollars per share) $ 0.62 $ 0.57
Weighted-average shares outstanding, basic (in shares) 197,013 188,228
Weighted-average shares outstanding, diluted (in shares) 206,174 198,350
OHI Healthcare Properties Holdco, Inc.    
Revenue    
Rental income $ 192,537 $ 176,703
Income from direct financing leases 15,646 15,442
Mortgage interest income 15,956 16,606
Other investment income - net 6,914 3,431
Miscellaneous income 691 697
Total operating revenues 231,744 212,879
Expenses    
Depreciation and amortization 69,993 62,433
General and administrative 12,524 10,455
Acquisition costs (41) 3,771
Impairment loss on real estate properties 7,638 34,558
Provision for uncollectible accounts 2,404 5,124
Total operating expenses 92,518 116,341
Income before other income and expense 139,226 96,538
Other income (expense)    
Interest income 4 8
Interest expense (45,041) (37,222)
Interest - amortization of deferred financing costs (2,502) (2,132)
Interest - refinancing costs   (298)
Contractual settlement 10,412  
Realized gain (loss) on foreign exchange 61 (22)
Total other expense (37,066) (39,666)
Income before gain on assets sold 102,160 56,872
Gain on assets sold - net 7,420 1,571
Income from continuing operations 109,580 58,443
Income tax expense (1,100) (247)
Income from unconsolidated joint venture 632  
Net income 109,112 58,196
Net income attributable to noncontrolling interest (85,939) (45,294)
Net income available to common stockholders 23,173 12,902
OHI Healthcare Properties Limited Partnership    
Revenue    
Rental income 192,537 176,703
Income from direct financing leases 15,646 15,442
Mortgage interest income 15,956 16,606
Other investment income - net 6,914 3,431
Miscellaneous income 691 697
Total operating revenues 231,744 212,879
Expenses    
Depreciation and amortization 69,993 62,433
General and administrative 12,524 10,455
Acquisition costs (41) 3,771
Impairment loss on real estate properties 7,638 34,558
Provision for uncollectible accounts 2,404 5,124
Total operating expenses 92,518 116,341
Income before other income and expense 139,226 96,538
Other income (expense)    
Interest income 4 8
Interest expense (45,041) (37,222)
Interest - amortization of deferred financing costs (2,502) (2,132)
Interest - refinancing costs   (298)
Contractual settlement 10,412  
Realized gain (loss) on foreign exchange 61 (22)
Total other expense (37,066) (39,666)
Income before gain on assets sold 102,160 56,872
Gain on assets sold - net 7,420 1,571
Income from continuing operations 109,580 58,443
Income tax expense (1,100) (247)
Income from unconsolidated joint venture 632  
Net income 109,112 58,196
Net income attributable to noncontrolling interest  
Net income available to common stockholders $ 109,112 $ 58,196
Basic:    
Net income (in dollars per share) $ 0.53 $ 0.30
Diluted:    
Net income (in dollars per share) 0.53 0.29
Dividends declared per common share (in dollars per share) $ 0.62 $ 0.57
Weighted-average Omega OP Units outstanding, basic (in shares) 205,827 197,175
Weighted-average Omega OP Units outstanding, diluted (in shares) 206,174 198,350