Healthpeak Properties, Inc. HCP Income Statement

Healthpeak properties, inc. (HCP)

Income statement / TTM

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
1,242,544	1,222,078	1,206,809	1,198,063	1,214,706	1,237,236	1,335,948	1,298,203	1,244,183	1,213,649	1,237,390	1,261,561	1,289,909	1,294,071	1,144,276	1,147,562	1,132,128	1,116,830	1,098,062	1,125,947	1,137,404	1,147,145	1,179,139	1,141,760	1,131,338	1,128,054	1,113,400	1,071,321	1,038,155	997,767	950,132	958,948	974,502	986,432	986,062	962,932	933,143	904,332	899,875	888,365	887,819	875,775	889,778	886,630	0	0	0
Resident fees and services
864,790	727,980	645,327	569,646	528,654	544,773	549,534	538,215	526,857	524,275	577,806	622,518	661,304	686,835	659,029	643,567	586,203	525,453	470,901	377,824	308,925	241,965	175,983	150,140	148,595	146,288	139,759	139,465	138,640	139,073	141,601	117,499	82,765	49,091	30,591	0	0	-	0	-	-	-	-	-	-	-	-
Income from direct financing leases
27,226	37,481	47,249	51,232	54,532	54,274	54,030	53,697	53,771	54,217	55,305	56,299	58,382	59,580	-373,185	-231,702	-91,168	61,000	47,693	57,663	66,982	64,441	660,196	651,762	644,548	636,881	629,137	627,718	624,408	622,073	619,496	617,158	605,844	464,704	322,753	182,285	50,618	49,438	49,431	49,576	50,785	51,495	53,845	54,801	0	0	0
Interest Income, Operating
11,819	9,844	8,226	6,721	5,754	10,406	14,311	24,849	44,271	56,237	68,484	77,192	89,110	88,808	94,433	93,793	96,951	112,184	111,522	109,197	90,189	73,623	68,698	93,259	90,469	86,159	80,834	49,034	36,103	24,536	12,978	3,277	62,587	99,864	151,358	187,363	162,993	160,163	144,359	141,713	132,641	124,146	150,074	146,877	0	0	0
Investment management fee income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	1,781	1,798	1,853	1,847	1,878	1,874	1,845	1,895	1,891	1,925	1,959	2,073	2,516	3,179	3,965	4,666	4,934	5,103	5,182	5,312	5,656	5,787	0	0	0
Revenues
2,146,379	1,997,383	1,907,611	1,825,662	1,803,646	1,846,689	1,848,029	1,846,030	1,835,407	1,848,378	1,945,064	2,021,598	2,101,005	2,129,294	1,654,016	1,780,958	1,850,155	1,940,489	1,849,904	1,789,043	1,717,632	1,636,833	2,193,047	2,142,566	2,118,684	2,099,878	2,065,244	1,987,153	1,935,329	1,879,970	1,818,244	1,791,407	1,819,117	1,694,418	1,586,942	1,462,762	1,276,514	1,240,206	1,203,364	1,173,383	1,163,995	1,146,185	1,124,419	1,086,126	0	0	0
Costs and expenses:
Interest Expense
234,668	225,619	222,216	224,472	240,568	266,343	283,508	291,350	296,100	307,716	338,982	385,514	429,059	464,403	483,282	487,579	484,878	479,596	472,556	461,674	449,884	439,742	434,357	431,170	432,780	435,252	432,361	427,628	421,530	416,172	407,752	407,856	410,631	415,455	382,377	350,516	318,132	285,508	292,842	295,283	297,878	298,600	308,866	320,273	0	0	0
Depreciation, Depletion and Amortization, Nonproduction
717,314	659,989	599,950	560,204	538,200	549,499	555,573	553,963	541,422	534,726	544,820	555,639	564,807	568,108	556,457	549,754	530,238	504,905	481,149	469,420	462,150	455,016	449,636	431,444	427,521	423,312	413,553	395,940	371,603	353,704	335,710	335,212	340,153	346,055	340,655	332,296	320,182	306,934	308,990	311,854	313,447	315,736	317,985	314,669	0	0	0
Operating
1,086,456	879,370	808,402	741,540	701,413	705,038	726,294	700,425	679,722	666,251	663,230	695,606	721,523	738,399	711,542	697,343	654,605	610,679	569,009	495,093	437,618	381,294	330,465	306,283	301,303	298,282	292,644	289,880	286,069	280,716	277,641	262,650	239,189	218,701	209,351	212,115	210,916	210,158	195,430	181,163	181,432	183,298	188,901	189,194	0	0	0
General and Administrative Expense
93,960	92,966	92,955	93,488	88,882	96,702	96,677	96,697	95,469	88,772	87,887	99,145	100,638	103,611	104,824	90,577	96,643	95,965	93,883	92,828	85,639	81,765	75,032	100,879	103,285	103,042	104,153	78,242	68,981	68,414	73,893	74,125	94,196	96,059	94,451	94,394	80,047	83,019	81,319	84,585	84,292	77,899	78,696	74,572	0	0	0
Business Combination, Acquisition Related Costs
19,073	8,743	8,858	12,028	13,095	10,772	14,547	10,638	9,101	7,963	6,264	8,447	8,403	9,821	10,020	8,810	26,394	27,309	27,116	31,038	20,037	17,142	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairments and loan loss reserves (recoveries), net
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Litigation provision
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Asset Impairment Charges
-	-	151,733	118,744	-	55,260	44,508	95,922	0	-	0	0	-	-	0	0	-	108,349	0	0	0	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-11,900	3,223	9,004	0	-	0	0	-	0	0
Total costs and expenses
2,407,673	2,092,624	1,884,114	1,750,476	1,646,276	1,683,614	1,780,153	1,776,687	1,788,198	1,771,812	1,723,193	1,801,033	1,824,430	1,884,342	1,381,553	1,419,113	1,422,643	1,826,803	2,236,634	2,073,352	1,933,792	1,374,959	1,309,057	1,283,868	1,271,575	1,266,079	1,253,692	1,210,549	1,167,042	1,137,865	1,227,874	1,220,243	1,224,569	1,216,670	1,042,234	989,321	929,277	873,719	997,840	1,109,240	1,119,185	1,052,895	861,548	664,840	0	0	0
Other income (expense):
Gains (Losses) on Sales of Investment Real Estate
179,725	22,900	782,482	878,598	913,214	925,985	196,000	105,850	60,198	356,641	322,843	437,275	0	-	0	0	-	6,377	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Extinguishment of Debt
-57,531	-58,364	-80,051	-45,034	0	-	0	0	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Nonoperating Income (Expense)
389,604	182,129	75,167	76,078	56,856	13,316	-46,320	-58,480	-60,195	31,420	39,313	51,301	53,570	3,654	9,065	7,061	15,776	16,208	15,709	19,392	9,046	9,252	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-
Total other income (expense), net
511,798	146,665	821,234	909,379	925,908	895,139	105,781	-6,857	-54,224	333,834	307,011	368,035	489,506	122,332	128,670	126,727	15,889	22,585	21,695	22,924	0	-	0	0	-	18,216	17,774	16,912	14,652	2,976	-1,888	-3,430	3,060	12,933	26,098	33,527	26,190	16,194	86,400	85,726	87,193	7,768	-92,011	-152,701	0	0	0
Income (loss) before income taxes and equity income (loss) from unconsolidated joint ventures
250,504	51,424	844,731	984,565	1,083,278	1,058,214	173,657	62,486	-7,015	410,400	528,882	588,600	766,081	367,284	401,133	488,572	443,401	136,271	-361,356	-255,304	-197,562	274,414	890,924	864,153	855,143	852,015	829,326	793,516	782,939	745,081	588,482	567,734	597,608	490,681	570,806	506,968	373,427	382,681	291,924	149,869	132,003	101,058	170,860	268,585	0	0	0
Income Tax Expense (Benefit)
-46,848	-17,262	-14,518	-13,186	-15,976	-17,854	-1,622	-2,174	-507	-1,333	-11,258	-6,201	-5,393	4,473	-2,086	-3,642	-6,026	-9,807	-9,966	-7,931	-2,029	-506	5,101	6,080	6,345	5,815	3,040	1,404	-29	-1,654	-129	478	555	1,301	-1,108	-246	77	412	2,317	1,125	1,394	1,910	2,256	3,855	0	0	0
Equity income (loss) from unconsolidated joint ventures
-19,741	-8,625	-12,164	-5,432	-4,027	-2,594	5,888	7,861	8,202	10,901	19,959	16,844	15,537	11,360	-31,354	-20,987	-7,919	6,590	-9,077	-7,223	-4,532	-3,605	59,543	63,267	64,160	64,433	55,930	55,434	55,581	54,455	56,755	60,409	59,627	46,750	33,490	16,649	4,185	4,770	5,596	6,715	5,356	3,511	3,220	3,113	0	0	0
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	374,171	0	0	0	-	-	-	-	271,315	945,366	921,340	912,958	910,633	882,216	847,546	838,549	801,190	645,366	627,665	656,680	536,130	605,404	452,170	305,842	315,346	223,510	155,459	135,965	102,659	171,824	267,843	0	0	0
Transaction costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before transaction costs and income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	400,701	0	0	0	-	-	-	-	673,935	1,915	3,442	5,383	5,879	13,628	18,781	16,915	14,198	20,040	14,169	14,431	15,257	2,245	2,379	0	-	0	0	-	6,296	8,415	13,792	0	0	0
Impairments, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0
Gain on sales of real estate, net of income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28,010	36,308	37,195	0	-	0	0	-	31,454	0	0	0	-	-	-	-	-	0	0	-	37,321	62,109	250,154	0	0	0
Income tax benefit (expense)
-	-	-	-	-	-	-	-	-	-	-	-	-	48,181	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	265,755	0	0	0	-	-	-	-	665,276	89,234	99,059	101,887	74,373	51,411	48,266	45,513	45,652	26,003	20,132	20,394	18,364	23,829	27,765	28,436	29,049	10,843	9,501	41,578	43,492	70,399	255,680	0	0	0
Impairments of investments in unconsolidated joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Net income (loss)
277,611	60,061	847,085	992,319	1,095,227	1,073,474	181,167	72,521	1,694	422,634	541,858	701,617	984,358	639,926	-15,991	-52,076	-189,170	-546,418	247,829	380,934	435,465	936,591	1,034,600	1,020,399	1,014,845	985,006	933,627	895,812	884,062	846,842	671,369	647,797	677,074	554,494	629,233	479,935	334,278	344,395	234,353	164,960	177,543	146,151	242,223	523,523	0	0	0
Noncontrolling interests' share in earnings
14,471	14,531	13,527	13,527	12,896	12,381	10,324	8,706	8,438	8,465	10,326	11,178	11,585	12,179	13,791	13,594	13,332	12,817	11,613	12,426	12,957	14,358	15,855	15,552	15,482	14,169	14,857	14,690	14,317	14,302	12,013	12,354	14,896	15,603	16,269	16,511	14,512	13,686	13,527	13,475	13,700	14,461	17,670	21,111	0	0	0
Net income (loss) attributable to Healthpeak Properties, Inc.
263,140	45,530	833,558	978,792	1,082,331	1,061,093	170,843	63,815	-6,744	414,169	531,532	690,439	972,773	627,747	-29,782	-65,670	-202,502	-559,235	236,216	368,508	422,508	922,233	1,018,745	1,004,847	999,363	970,837	918,770	881,122	869,745	832,540	659,356	635,443	662,178	538,891	612,964	463,424	319,766	330,709	220,826	151,485	163,843	131,690	0	0	0	-	-
Preferred stock dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17,006	22,288	27,570	32,853	21,130	21,130	21,130	21,130	21,130	21,130	21,130	21,130	21,130	21,130	21,131	0	0	0
Participating securities' share in earnings
2,718	1,543	2,613	2,652	2,719	2,669	1,432	1,138	777	1,156	1,174	1,369	1,611	1,198	1,321	1,311	1,339	1,317	1,459	1,589	1,708	2,437	2,403	2,431	2,320	1,734	2,422	2,427	2,606	3,245	2,648	2,715	2,641	2,459	2,397	2,229	2,099	2,081	2,003	2,054	2,093	1,491	0	0	0	-	-
Net income (loss) applicable to common shares
260,422	43,987	830,945	976,140	1,079,612	1,058,424	169,411	62,677	-7,521	413,013	530,358	689,070	971,162	626,549	-31,103	-66,981	-203,841	-560,552	234,757	366,919	420,800	919,796	1,016,342	1,002,416	997,043	969,103	916,348	878,695	867,139	812,289	634,420	605,158	626,684	515,302	589,437	440,065	296,537	307,498	197,693	128,301	140,620	109,069	202,287	480,574	0	0	0
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
-	-	-	-	-	-	-	-	-	-	140,359	138,308	136,580	-	130,381	128,656	126,501	125,022	122,148	118,387	114,121	109,659	107,250	103,847	101,881	100,649	100,236	97,741	96,178	94,626	92,146	92,600	91,460	92,254	91,620	91,067	90,694	89,011	89,488	88,626	87,568	89,457	87,349	85,053	0	0	0