Healthpeak Properties, Inc. HCP Income Statement

Healthpeak properties, inc. (HCP)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08	Jun'08
Revenues:
Rental and related revenues
314,688	314,059	312,600	301,197	294,222	298,790	303,854	317,840	316,752	397,502	266,109	263,820	286,218	421,243	290,280	292,168	290,380	271,448	293,566	276,734	275,082	252,680	321,451	288,191	284,823	284,674	284,072	277,769	281,539	270,020	241,993	244,603	241,151	222,385	250,809	260,157	253,081	222,015	227,679	230,368	224,270	217,558	216,169	229,822	212,226	231,561	213,021
Resident fees and services
263,505	210,479	213,040	177,766	126,695	127,826	137,359	136,774	142,814	132,587	126,040	125,416	140,232	186,118	170,752	164,202	165,763	158,312	155,290	106,838	105,013	103,760	62,213	37,939	38,053	37,778	36,370	36,394	35,746	31,249	36,076	35,569	36,179	33,777	11,974	835	2,505	-	15,277	-	-	-	-	-	-	-	-
Income from direct financing leases
3,269	4,177	9,590	10,190	13,524	13,945	13,573	13,490	13,266	13,701	13,240	13,564	13,712	14,789	14,234	15,647	14,910	-417,976	155,717	156,181	167,078	-431,283	165,687	165,500	164,537	164,472	157,253	158,286	156,870	156,728	155,834	154,976	154,535	154,151	153,496	143,662	13,395	12,200	13,028	11,995	12,215	12,193	13,173	13,204	12,925	14,543	14,129
Interest Income, Operating
3,688	2,976	2,741	2,414	1,713	1,358	1,236	1,447	6,365	5,263	11,774	20,869	18,331	17,510	20,482	32,787	18,029	23,135	19,842	35,945	33,262	22,473	17,517	16,937	16,696	17,548	42,078	14,147	12,386	12,223	10,278	1,216	819	665	577	60,526	38,096	52,159	36,582	36,156	35,266	36,355	33,936	27,084	26,771	62,283	30,739
Investment management fee income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	458	460	-	447	444	449	441	464	499	443	472	460	470	493	468	494	504	607	911	1,157	1,290	1,308	1,179	1,326	1,369	1,438	1,523	1,457
Revenues
585,150	531,691	537,971	491,567	436,154	441,919	456,022	469,551	479,197	443,259	454,023	458,928	492,168	539,945	530,557	538,335	520,457	64,667	657,499	607,532	610,791	-25,918	596,638	536,121	529,992	530,296	546,157	512,239	511,186	495,662	468,066	460,415	455,827	433,936	441,229	488,125	331,128	326,460	317,049	301,877	294,820	289,618	287,068	292,489	277,010	267,852	248,775
Costs and expenses:
Interest Expense
58,376	58,120	61,230	56,942	49,327	54,717	63,486	73,038	75,102	71,882	71,328	77,788	86,718	103,148	117,860	121,333	122,062	122,027	122,157	118,632	116,780	114,987	111,275	106,842	106,638	109,602	108,088	108,452	109,110	106,711	103,355	102,354	103,752	98,291	103,459	105,129	108,576	65,213	71,598	72,745	75,952	72,547	74,039	75,340	76,674	82,813	85,446
Depreciation, Depletion and Amortization, Nonproduction
189,276	190,798	171,944	165,296	131,951	130,759	132,198	143,292	143,250	136,833	130,588	130,751	136,554	146,927	141,407	139,919	139,855	135,276	134,704	120,403	114,522	111,520	122,975	113,133	107,388	106,140	104,783	109,210	103,179	96,381	87,170	84,873	85,280	78,387	86,672	89,814	91,182	72,987	78,313	77,700	77,934	75,043	81,177	79,293	80,223	77,292	77,861
Operating
376,013	248,381	248,069	213,993	168,927	177,413	181,207	173,866	172,552	198,669	155,338	153,163	159,081	195,648	187,714	179,080	175,957	168,791	173,515	136,342	132,031	127,121	99,599	78,867	75,707	76,292	75,417	73,887	72,686	70,654	72,653	70,076	67,333	67,579	57,662	46,615	46,845	58,229	60,426	45,416	46,087	43,501	46,159	45,685	47,953	49,104	46,452
General and Administrative Expense
22,349	21,521	22,970	27,120	21,355	21,510	23,503	22,514	29,175	21,485	23,523	21,286	22,478	20,600	34,781	22,779	25,451	21,813	20,534	28,845	24,773	19,731	19,479	21,656	20,899	12,998	45,326	24,062	20,656	14,109	19,415	14,801	20,089	19,588	19,647	34,872	21,952	17,980	19,590	20,525	24,924	16,280	22,856	20,232	18,531	17,077	18,732
Business Combination, Acquisition Related Costs
14,848	1,569	1,319	1,337	4,518	1,684	4,489	2,404	2,195	5,459	580	867	1,057	3,760	2,763	823	2,475	3,959	1,553	18,407	3,390	3,766	5,475	7,406	495	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairments and loan loss reserves (recoveries), net
39,123	-	-	-	8,858	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Litigation provision
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	101,973	-	-	-	-
Asset Impairment Charges
-	-	38,257	68,538	-	36,080	5,268	13,912	0	-	25,328	56,682	-	-	0	0	-	-484,572	69,622	44,835	478,464	-	-	-	-	-	-	-	-	-	7,878	-	-	-	15,400	-	-	0	0	0	-11,900	-	15,123	5,781	-	3,710	1,574
Total costs and expenses
699,985	630,673	543,789	533,226	384,936	422,163	410,151	429,026	422,274	518,702	406,685	440,537	405,888	470,083	484,525	463,934	465,800	-32,706	522,085	467,464	869,960	377,125	358,803	327,904	311,127	311,223	333,614	315,611	305,631	298,836	290,471	272,104	276,454	388,845	282,840	276,430	268,555	214,409	229,927	216,386	212,997	338,530	341,327	226,331	146,707	147,183	144,619
Other income (expense):
Gains (Losses) on Sales of Investment Real Estate
164,869	4,192	-784	11,448	8,044	763,774	95,332	46,064	20,815	33,789	5,182	412	317,258	-	-9	119,614	-	0	52	61	6,264	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Extinguishment of Debt
833	-22,212	-35,017	-1,135	0	-	-43,899	0	-	-	-54,227	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Nonoperating Income (Expense)
210,608	157,295	693	21,008	3,133	50,333	1,604	1,786	-40,407	-9,303	-10,556	71	51,208	-1,410	1,432	2,340	1,292	4,001	-572	11,055	1,724	3,502	3,111	709	1,930	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,438	-	-
Total other income (expense), net
376,310	139,275	-35,108	31,321	11,177	813,844	53,037	47,850	-19,592	24,486	-59,601	483	368,466	-2,337	1,423	121,954	1,292	4,001	-520	11,116	7,988	-	3,111	709	-	1,184	1,632	3,288	12,112	742	770	1,028	436	-4,122	-772	7,518	10,309	9,043	6,657	181	313	79,249	5,983	1,648	-79,112	-20,530	-54,707
Income (loss) before income taxes and equity income (loss) from unconsolidated joint ventures
261,475	40,293	-40,926	-10,338	62,395	833,600	98,908	88,375	37,331	-50,957	-12,263	18,874	454,746	67,525	47,455	196,355	55,949	101,374	134,894	151,184	-251,181	-396,253	240,946	208,926	220,795	220,257	214,175	199,916	217,667	197,568	178,365	189,339	179,809	40,969	157,617	219,213	72,882	121,094	93,779	85,672	82,136	30,337	-48,276	67,806	51,191	100,139	49,449
Income Tax Expense (Benefit)
-33,044	-5,679	-6,261	-1,864	-3,458	-2,935	-4,929	-4,654	-5,336	13,297	-5,481	-2,987	-6,162	3,372	-424	-2,179	3,704	-3,187	-1,980	-4,563	-77	-3,346	55	1,339	1,446	2,261	1,034	1,604	916	-514	-602	171	-709	1,011	5	248	37	-1,398	867	571	372	507	-325	840	888	853	1,274
Equity income (loss) from unconsolidated joint ventures
-11,979	1,387	-7,643	-1,506	-863	-2,152	-911	-101	570	6,330	1,062	240	3,269	15,388	-2,053	-1,067	-908	-27,326	8,314	12,001	13,601	-42,993	10,168	14,692	14,528	20,155	13,892	15,585	14,801	11,652	13,396	15,732	13,675	13,952	17,050	14,950	798	692	209	2,486	1,383	1,518	1,328	1,127	-462	1,227	1,221
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	79,541	45,826	197,467	51,337	-	-	-	-	-435,900	251,059	222,279	233,877	238,151	227,033	213,897	231,552	209,734	192,363	204,900	194,193	53,910	174,662	233,915	73,643	123,184	21,428	87,587	83,147	31,348	-46,623	68,093	49,841	100,513	49,396
Transaction costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,805	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before transaction costs and income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	54,179	121,229	107,551	117,742	-	-	-	-	672,199	0	0	1,736	179	1,527	1,941	2,232	7,928	6,680	75	-485	13,770	809	337	341	-	758	943	-	1,172	943	2,670	1,511	3,291	6,320
Impairments, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	125	-	-	8,141
Gain on sales of real estate, net of income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	28,010	-	8,298	887	-	28,598	0	0	2,856	-	-	-	-	-	3,987	65	-	2,964	2,460	30,540	1,357	27,752	190,505
Income tax benefit (expense)
-	-	-	-	-	-	-	-	-	-	-	-	-	460	-1,789	176	49,334	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-18,241	108,213	107,375	68,408	-	-	-	-	635,530	0	0	29,746	59,488	9,825	2,828	2,232	36,526	6,680	75	2,371	16,877	809	337	341	22,342	4,745	1,008	954	4,136	3,403	33,085	2,868	31,043	188,684
Impairments of investments in unconsolidated joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27,234	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	71,693	-	-	-	-	-	-	-	-
Net income (loss)
282,540	47,359	-42,308	-9,980	64,990	834,383	102,926	92,928	43,237	-57,924	-5,720	22,101	464,177	61,300	154,039	304,842	119,745	-594,617	117,954	167,748	-237,503	199,630	251,059	222,279	263,623	297,639	236,858	216,725	233,784	246,260	199,043	204,975	196,564	70,787	175,471	234,252	73,984	145,526	26,173	88,595	84,101	35,484	-43,220	101,178	52,709	131,556	238,080
Noncontrolling interests' share in earnings
3,460	3,839	3,555	3,617	3,520	2,835	3,555	2,986	3,005	778	1,937	2,718	3,032	2,639	2,789	3,125	3,626	4,251	2,592	2,863	3,111	3,047	3,405	3,394	4,512	4,544	3,102	3,324	3,199	5,232	2,935	2,951	3,184	2,943	3,276	5,493	3,891	3,609	3,518	3,494	3,065	3,450	3,466	3,719	3,826	6,659	6,907
Net income (loss) attributable to Healthpeak Properties, Inc.
279,080	43,520	-45,863	-13,597	61,470	831,548	99,371	89,942	40,232	-58,702	-7,657	19,383	461,145	58,661	151,250	301,717	116,119	-598,868	115,362	164,885	-240,614	196,583	247,654	218,885	259,111	293,095	233,756	213,401	230,585	241,028	196,108	202,024	193,380	67,844	172,195	228,759	70,093	141,917	22,655	85,101	81,036	32,034	-46,686	97,459	48,883	-	-
Preferred stock dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	17,006	5,282	5,282	5,283	5,283	5,282	5,282	5,283	5,283	5,282	5,282	5,283	5,283	5,282	5,283
Participating securities' share in earnings
1,616	322	386	394	441	1,392	425	461	391	155	131	100	770	173	326	342	357	296	316	370	335	438	446	489	1,064	404	474	378	478	1,092	479	557	1,117	495	546	483	935	433	378	353	917	355	429	392	315	-	-
Net income (loss) applicable to common shares
277,464	43,198	-46,249	-13,991	61,029	830,156	98,946	89,481	39,841	-58,857	-7,788	19,283	460,375	58,488	150,924	301,375	115,762	-599,164	115,046	164,515	-240,949	196,145	247,208	218,396	258,047	292,691	233,282	213,023	230,107	239,936	195,629	201,467	175,257	62,067	166,367	222,993	63,875	136,202	16,995	79,465	74,836	26,397	-52,397	91,784	43,285	119,615	225,890
Earnings Per Share [Abstract]
Continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	0.16	0.09	0.42	0.10	0.21	0.25	0.36	-0.52	-0.96	0.54	0.48	0.50	0.52	0.49	0.46	0.50	0.46	0.44	0.48	0.42	0.12	0.41	0.55	0.17	0.35	0.04	0.27	0.25	0.06	-0.20	0.22	0.16	0.36	0.16
Discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-0.04	0.23	0.23	0.15	-	-	-	-	1.39	0.00	0.00	0.06	0.12	0.02	0.01	0.01	0.07	0.02	0.00	0.01	-	-	-	-	-	0.01	-	0.01	0.00	0.02	0.13	0.01	0.13	0.80
Basic (in dollars per share)
0.55	0.08	-0.09	-0.03	0.13	1.77	0.21	0.19	0.08	-0.12	-0.02	0.04	0.98	0.12	0.32	0.65	0.25	-	-	-	-	0.43	0.54	0.48	0.56	0.64	0.51	0.47	0.51	0.53	0.46	0.48	0.43	0.16	0.41	0.55	0.17	0.43	0.05	0.27	0.26	0.06	-0.18	0.35	0.17	0.49	0.96
Continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	0.16	0.09	0.42	0.10	0.21	0.25	0.36	-0.52	-0.96	0.54	0.48	0.50	0.52	0.49	0.46	0.50	0.46	0.44	0.48	0.42	0.12	0.41	0.55	0.17	0.35	0.04	0.27	0.25	0.06	-0.20	0.22	0.16	0.36	0.16
Discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-0.03	0.23	0.22	0.15	-	-	-	-	1.38	0.00	0.00	0.06	0.12	0.02	0.01	0.01	-	0.01	-	0.01	-	-	-	-	-	0.01	-	-	0.00	0.02	0.13	0.01	0.13	0.80
Diluted (in dollars per share)
0.54	0.08	-0.09	-0.03	0.13	1.76	0.21	0.19	0.08	-0.11	-0.02	0.04	0.97	0.13	0.32	0.64	0.25	-	-	-	-	0.42	0.54	0.48	0.56	0.64	0.51	0.47	0.51	0.54	0.45	0.48	0.43	0.16	0.41	0.55	0.17	0.43	0.05	0.27	0.25	0.06	-0.18	0.35	0.17	0.49	0.96
Weighted average shares outstanding:
Basic (in shares)
506,476	497,312	491,203	478,739	477,766	473,011	469,867	469,769	469,557	469,116	468,975	468,646	468,299	467,994	467,628	467,084	466,074	465,089	463,337	461,874	460,880	459,360	458,799	458,247	457,294	456,394	455,345	454,618	453,651	448,145	429,557	420,468	410,018	408,394	407,081	406,193	372,116	324,745	309,448	294,880	293,223	577,822	284	265,422	253,335	244,572	235,117
Diluted (in shares)
515,045	508,267	491,203	478,739	479,131	491,794	470,118	469,941	469,695	462,753	468,975	468,839	475,173	464,090	467,835	471,425	466,262	464,608	463,586	462,106	460,880	459,781	459,141	458,588	457,674	456,686	456,078	455,431	454,613	449,154	430,778	421,671	411,661	406,556	408,646	411,710	373,960	326,384	311,092	296,037	294,087	579,274	284	265,542	253,423	245,482	236,099
Common Stock, Dividends, Per Share, Declared
-	-	-	-	-	-	-	-	-	-	0.37	0.37	0.37	-	0.57	0.57	0.57	-	0.56	0.56	0.56	-	-	-	-	-	0.52	0.52	0.52	-	0.50	0.50	0.50	-	0.48	0.48	0.48	-	0.46	0.46	0.46	-	0.46	0.46	0.46	0.45	0.45
Tenant recoveries
Rental and related revenues
-	-	-	-	-	-	-	-	-	-	36,860	35,259	33,675	-	34,809	33,531	31,375	30,666	33,084	31,376	29,896	27,792	29,323	27,110	25,434	25,383	25,920	25,144	24,202	24,970	23,425	23,581	22,650	22,490	23,879	22,441	23,444	21,856	23,326	22,068	21,761	22,333	22,464	21,010	23,650	20,225	20,168