Healthpeak Properties, Inc. HCP Income Statement

Healthpeak properties, inc. (HCP)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08	Dec'07
Revenues:
Rental and related revenues
1,222,078	1,237,236	1,213,649	1,294,071	1,116,830	1,147,145	1,128,054	997,767	986,432	904,332	875,775	867,367	751,876
Resident fees and services
727,980	544,773	524,275	686,835	525,453	241,965	146,288	139,073	49,091	32,596	-	-	-
Income from direct financing leases
37,481	54,274	54,217	59,580	61,000	64,441	636,881	622,073	464,704	49,438	51,495	58,149	63,852
Interest Income, Operating
9,844	10,406	56,237	88,808	112,184	73,623	86,159	24,536	99,864	160,163	124,146	130,869	51,565
Investment management fee income
-	-	-	-	-	-	1,847	1,895	2,073	4,666	5,312	5,923	13,581
Revenues
1,997,383	1,846,689	1,848,378	2,129,294	1,940,489	1,636,833	2,099,878	1,879,970	1,694,418	1,240,206	1,146,185	1,144,996	945,806
Costs and expenses:
Interest Expense
225,619	266,343	307,716	464,403	479,596	439,742	435,252	416,172	415,455	285,508	298,600	348,343	355,197
Depreciation, Depletion and Amortization, Nonproduction
659,989	549,499	534,726	568,108	504,905	455,016	423,312	353,704	346,055	306,934	315,736	312,009	257,008
Operating
879,370	705,038	666,251	738,399	610,679	381,294	298,282	280,716	218,701	210,158	183,298	192,945	175,704
General and Administrative Expense
92,966	96,702	88,772	103,611	95,965	81,765	103,042	68,414	96,059	83,019	77,899	73,691	67,500
Business Combination, Acquisition Related Costs
8,743	10,772	7,963	9,821	27,309	17,142	6,191	10,981	-	-	-	-	-
Litigation provision
-	-	-	-	-	-	-	-	125,000	-	101,973	-	-
Asset Impairment Charges
225,937	55,260	166,384	0	108,349	-	-	7,878	15,400	-11,900	75,389	18,276	-
Total costs and expenses
2,092,624	1,683,614	1,771,812	1,884,342	1,826,803	1,374,959	1,266,079	1,137,865	1,216,670	873,719	1,052,895	945,264	855,409
Other income (expense):
Gains (Losses) on Sales of Investment Real Estate
22,900	925,985	356,641	164,698	6,377	3,288	-	-	-	-	-	-	10,141
Gain (Loss) on Extinguishment of Debt
-58,364	-44,162	-54,227	-46,020	0	-	-	-	-	-	-	-	-
Other Nonoperating Income (Expense)
182,129	13,316	31,420	3,654	16,208	9,252	18,216	2,976	-	-	-	-	24,389
Total other income (expense), net
146,665	895,139	333,834	122,332	22,585	12,540	18,216	2,976	12,933	16,194	7,768	25,672	34,530
Income (loss) before income taxes and equity income (loss) from unconsolidated joint ventures
51,424	1,058,214	410,400	367,284	136,271	274,414	852,015	745,081	490,681	382,681	101,058	225,404	124,927
Income Tax Expense (Benefit)
-17,262	-17,854	-1,333	4,473	-9,807	-506	5,815	-1,654	1,301	412	1,910	4,224	1,444
Equity income (loss) from unconsolidated joint ventures
-8,625	-2,594	10,901	11,360	6,590	-3,605	64,433	54,455	46,750	4,770	3,511	3,326	5,645
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
-	-	-	374,171	152,668	271,315	910,633	801,190	536,130	315,346	102,659	224,506	129,128
Income before transaction costs and income taxes
-	-	-	400,701	643,109	673,935	5,879	14,198	15,257	9,124	6,296	26,463	80,659
Impairments, net
-	-	-	-	1,341,399	35,913	-	-	-	-	125	9,175	-
Transaction costs
-	-	-	86,765	0	-	-	-	-	-	-	-	-
Impairment losses on real estate
-	-	-	-	-	-	1,372	-	-	-	-	-	-
Gain on sales of real estate, net of income taxes
-	-	-	-	-	28,010	69,866	31,454	3,107	19,925	37,321	229,189	404,328
Income tax benefit (expense)
-	-	-	48,181	796	756	-	-	-	-	-	-	-
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
-	-	-	265,755	-699,086	665,276	74,373	45,652	18,364	29,049	43,492	246,477	484,987
Impairments of investments in unconsolidated joint ventures
-	-	-	-	-	-	-	-	-	71,693	-	-	-
Net income (loss)
60,061	1,073,474	422,634	639,926	-546,418	936,591	985,006	846,842	554,494	344,395	146,151	470,983	614,115
Noncontrolling interests' share in earnings
14,531	12,381	8,465	12,179	12,817	14,358	14,169	14,302	15,603	13,686	14,461	22,488	25,100
Net income (loss) attributable to Healthpeak Properties, Inc.
45,530	1,061,093	414,169	627,747	-559,235	922,233	970,837	832,540	538,891	330,709	131,690	448,495	589,015
Preferred stock dividends
-	-	-	-	-	-	-	17,006	21,130	21,130	21,130	21,130	21,130
Participating securities' share in earnings
1,543	2,669	1,156	1,198	1,317	2,437	1,734	3,245	2,459	2,081	1,491	1,997	2,805
Net income (loss) applicable to common shares
43,987	1,058,424	413,013	626,549	-560,552	919,796	969,103	812,289	515,302	307,498	109,069	425,368	565,080
Earnings Per Share [Abstract]
Continuing operations (in dollars per share)
-	-	-	0.77	0.30	0.56	1.97	1.80	1.25	0.91	0.24	0.76	0.39
Discontinued operations (in dollars per share)
-	-	-	0.57	-1.51	1.45	0.16	0.10	0.04	0.10	0.16	1.03	2.33
Basic (in dollars per share)
0.09	2.25	0.88	1.34	-1.21	2.01	2.13	1.90	1.29	1.01	0.40	1.79	2.72
Continuing operations (in dollars per share)
-	-	-	0.77	0.30	0.56	1.97	1.80	1.25	0.91	0.24	0.76	0.39
Discontinued operations (in dollars per share)
-	-	-	0.57	-1.51	1.44	0.16	0.10	0.04	0.09	0.16	1.03	2.31
Diluted (in dollars per share)
0.09	2.24	0.88	1.34	-1.21	2.00	2.13	1.90	1.29	1.00	0.40	1.79	2.70
Weighted average shares outstanding:
Basic (in shares)
486,255	470,551	468,759	467,195	462,795	458,425	455,002	427,047	398,446	305,574	274,216	237,301	207,924
Diluted (in shares)
489,335	475,387	468,935	467,403	462,795	458,796	455,702	428,316	400,218	306,900	274,631	237,972	208,920
Tenant recoveries
Rental and related revenues
-	-	-	-	125,022	109,659	100,649	94,626	92,254	89,011	89,457	82,688	64,932