Component: (Network and Table)
Network
00200 - Statement - CONSOLIDATED STATEMENTS OF OPERATIONS
(http://www.hcpi.com/role/StatementConsolidatedStatementsOfOperations)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0000765880 (http://www.sec.gov/CIK)
CONSOLIDATED STATEMENTS OF OPERATIONSPeriod [Axis]
2016-01-01 - 2016-12-31
2015-01-01 - 2015-12-31
2014-01-01 - 2014-12-31
CONSOLIDATED STATEMENTS OF OPERATIONS
 
 
 
Revenues:
 
 
 
Rental and related revenues
1,159,791,000  
1,116,830,000  
1,147,145,000  
Tenant recoveries
134,280,000  
125,022,000  
109,659,000  
Resident fees and services
686,835,000  
525,453,000  
241,965,000  
Income from direct financing leases
59,580,000  
61,000,000  
64,441,000  
Interest income
88,808,000  
112,184,000  
73,623,000  
Total revenues
2,129,294,000  
 
1,940,489,000  
 
1,636,833,000  
 
Costs and expenses:
 
 
 
Interest expense
464,403,000  
479,596,000  
439,742,000  
Depreciation and amortization
568,108,000  
504,905,000  
455,016,000  
Operating
738,399,000  
610,679,000  
381,294,000  
General and administrative
103,611,000  
95,965,000  
81,765,000  
Acquisition and pursuit costs
9,821,000  
27,309,000  
17,142,000  
Impairment, net
 
108,349,000  
 
Total costs and expenses
1,884,342,000  
 
1,826,803,000  
 
1,374,959,000  
 
Other income (expense):
 
 
 
Gain on sales of real estate, net
164,698,000  
6,377,000  
3,288,000  
Loss on debt extinguishments
(46,020,000) 
  
Other income, net
3,654,000  
16,208,000  
9,252,000  
Total other income, net
122,332,000  
 
22,585,000  
 
12,540,000  
 
Income before income taxes and equity income from unconsolidated joint ventures
367,284,000  
 
136,271,000  
 
274,414,000  
 
Income tax (expense) benefit
(4,473,000) 
9,807,000  
506,000  
Equity income (loss) from unconsolidated joint ventures
11,360,000  
6,590,000  
(3,605,000) 
Income from continuing operations
374,171,000  
 
152,668,000  
 
271,315,000  
 
Discontinued operations:
 
 
 
Income before impairments, transaction costs, gain on sales of real estate and income taxes
400,701,000  
643,109,000  
673,935,000  
Impairments, net
 
(1,341,399,000) 
(35,913,000) 
Transaction costs
(86,765,000) 
  
Gain on sales of real estate, net of income taxes
  
28,010,000  
Income tax expense
(48,181,000) 
(796,000) 
(756,000) 
Total discontinued operations
265,755,000  
 
(699,086,000) 
 
665,276,000  
 
Net income (loss)
639,926,000  
 
(546,418,000) 
 
936,591,000  
 
Noncontrolling interests' share in earnings
(12,179,000) 
(12,817,000) 
(14,358,000) 
Net income (loss) attributable to HCP, Inc.
627,747,000  
 
(559,235,000) 
 
922,233,000  
 
Participating securities' share in earnings
(1,198,000) 
(1,317,000) 
(2,437,000) 
Net income (loss) applicable to common shares
626,549,000  
 
(560,552,000) 
 
919,796,000  
 
Basic earnings per common share:
 
 
 
Continuing operations (in dollars per share)
.77  
.30  
.56  
Discontinued operations (in dollars per share)
.57  
(1.51) 
1.45  
Net income (loss) applicable to common shares (in dollars per share)
1.34  
 
(1.21) 
 
2.01  
 
Diluted earnings per common share:
 
 
 
Continuing operations (in dollars per share)
.77  
.30  
.56  
Discontinued operations (in dollars per share)
.57  
(1.51) 
1.44  
Net income (loss) applicable to common shares (in dollars per share)
1.34  
 
(1.21) 
 
2.00  
 
Weighted average shares used to calculate earnings per common share:
 
 
 
Basic (in shares)
467,195,000  
462,795,000  
458,425,000  
Diluted (in shares)
467,403,000  
462,795,000  
458,796,000