Component: (Network and Table)
Network
00500 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS
(http://www.hcpi.com/role/StatementConsolidatedStatementsOfCashFlows)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0000765880 (http://www.sec.gov/CIK)
CONSOLIDATED STATEMENTS OF CASH FLOWSPeriod [Axis]
2016-01-01 - 2016-12-31
2015-01-01 - 2015-12-31
2014-01-01 - 2014-12-31
CONSOLIDATED STATEMENTS OF CASH FLOWS
 
 
 
Cash flows from operating activities:
 
 
 
Net income (loss)
639,926,000  
(546,418,000) 
936,591,000  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
 
 
 
Depreciation and amortization of real estate, in-place lease and other intangibles continuing operations
568,108,000  
504,905,000  
455,016,000  
Depreciation and amortization of real estate, in-place lease and other intangibles discontinued operations
4,890,000  
5,880,000  
4,979,000  
Amortization of market lease intangibles, net
(1,197,000) 
(1,295,000) 
(949,000) 
Amortization of deferred compensation
22,884,000  
26,127,000  
21,885,000  
Amortization of deferred financing costs
20,014,000  
20,222,000  
19,260,000  
Straight-line rents
(18,003,000) 
(28,859,000) 
(41,032,000) 
Loan and direct financing lease non-cash interest
599,000  
(5,648,000) 
1,063,000  
Loan and direct financing lease non-cash interest discontinued operations
 
(90,065,000) 
(79,349,000) 
Deferred rental revenues
(1,959,000) 
(2,813,000) 
(1,884,000) 
Equity income from unconsolidated joint ventures
(11,360,000) 
(57,313,000) 
(49,570,000) 
Distributions of earnings from unconsolidated joint ventures
26,492,000  
15,111,000  
5,045,000  
Lease termination income, net
 
(1,103,000) 
(38,001,000) 
Gain on sales of real estate, net
(164,698,000) 
(6,377,000) 
(31,298,000) 
Deferred income tax expense
47,195,000  
  
Loss on debt extinguishment
46,020,000  
  
Foreign exchange and other (gains) losses, net
188,000  
(7,178,000) 
(2,270,000) 
Impairment, net
 
1,449,748,000  
35,913,000  
Changes in:
 
 
 
Accounts receivable, net
3,813,000  
(9,569,000) 
(8,845,000) 
Other assets, net
(10,805,000) 
(19,453,000) 
(6,287,000) 
Accounts payable and other accrued liabilities
42,024,000  
(23,757,000) 
28,354,000  
Net cash provided by operating activities
1,214,131,000  
 
1,222,145,000  
 
1,248,621,000  
 
Cash flows from investing activities:
 
 
 
Acquisition of RIDEA III, net
 
(770,325,000) 
 
Acquisition of the CCRC unconsolidated joint venture interest, net
  
(370,186,000) 
Acquisitions of other real estate
(467,162,000) 
(613,252,000) 
(503,470,000) 
Development of real estate
(421,322,000) 
(281,017,000) 
(178,513,000) 
Leasing costs and tenant and capital improvements
(91,442,000) 
(84,282,000) 
(71,734,000) 
Proceeds from sales of real estate, net
647,754,000  
58,623,000  
104,557,000  
Contributions to unconsolidated joint ventures
(10,186,000) 
(69,936,000) 
(2,935,000) 
Distributions in excess of earnings from unconsolidated joint ventures
28,366,000  
30,989,000  
2,657,000  
Purchase of securities for debt defeasance
(73,278,000) 
  
Proceeds from sales of marketable securities
 
2,348,000  
 
Principal repayments on loans receivable, direct financing leases and other
231,990,000  
625,701,000  
119,511,000  
Investments in loans receivable, direct financing leases and other
(273,693,000) 
(575,652,000) 
(600,019,000) 
Decrease (increase) in restricted cash
18,356,000  
4,798,000  
(11,747,000) 
Net cash used in investing activities
(410,617,000) 
 
(1,672,005,000) 
 
(1,511,879,000) 
 
Cash flows from financing activities:
 
 
 
Net borrowings under bank line of credit
1,108,417,000  
98,743,000  
845,190,000  
Repayments under bank line of credit
(540,000,000) 
(511,521,000) 
 
Proceeds from debt related to QCP Spin-Off, net
1,691,268,000  
  
Cash impact of QCP Spin-Off
(6,096,000) 
  
Borrowings under term loan
 
333,014,000  
 
Issuance of senior unsecured notes
 
1,936,017,000  
1,150,000,000  
Repayments of senior unsecured notes
(2,000,000,000) 
(400,000,000) 
(487,000,000) 
Issuance of mortgage and other debt
  
35,445,000  
Loss on debt extinguishment
(45,406,000) 
  
Repayments of mortgage and other debt
(316,774,000) 
(57,845,000) 
(447,784,000) 
Deferred financing costs
(9,450,000) 
(19,995,000) 
(16,550,000) 
Issuance of common stock and exercise of options
67,650,000  
206,471,000  
96,592,000  
Repurchase of common stock
(8,685,000) 
(8,738,000) 
(12,703,000) 
Dividends paid on common stock
(979,542,000) 
(1,046,638,000) 
(1,001,559,000) 
Issuance of noncontrolling interests
11,834,000  
110,775,000  
4,674,000  
Purchase of noncontrolling interests
(1,300,000) 
(7,049,000) 
(5,897,000) 
Distributions to noncontrolling interests
(26,181,000) 
(19,147,000) 
(15,611,000) 
Net cash (used in) provided by financing activities
(1,054,265,000) 
 
614,087,000  
 
144,797,000  
 
Effect of foreign exchange on cash and cash equivalents
(1,019,000) 
(1,537,000) 
1,715,000  
Net (decrease) increase in cash and cash equivalents
(251,770,000) 
 
162,690,000  
 
(116,746,000) 
 
Cash and cash equivalents, beginning of year
346,500,000  
183,810,000  
300,556,000  
Cash and cash equivalents, end of year
94,730,000  
 
346,500,000  
 
183,810,000  
 
Less: cash and cash equivalents of discontinued operations
 
(6,058,000) 
(1,894,000) 
Cash and cash equivalents of continuing operations, end of year
94,730,000  
340,442,000  
181,916,000