Ltc properties inc (LTC)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Revenues:
Rental income

152,755

135,405

137,657

133,527

113,080

101,849

98,166

86,022

76,096

64,952

58,908

Interest income from mortgage loans

29,991

28,200

26,769

27,321

22,119

16,553

6,298

5,496

6,411

7,482

8,558

Interest and other income

2,558

5,040

3,639

735

1,004

559

510

964

1,111

1,868

1,328

Total revenues

185,304

168,645

168,065

161,583

136,203

118,961

104,974

92,482

83,618

74,302

68,794

Expenses:
Interest expense

30,582

30,196

29,949

26,442

17,497

13,128

11,364

9,932

6,434

2,653

2,418

Depreciation and amortization

39,216

37,555

37,610

35,932

29,431

25,529

24,389

21,613

18,911

15,853

14,320

Impairment charges

0

0

1,880

766

2,250

-

-

-

-

-

-

Provision for doubtful accounts

166

87

-206

457

619

32

2,180

-101

-13

-

196

Transaction costs

365

84

56

179

744

195

96

-

-

370

180

Property tax expense

16,755

-

-

-

-

-

-

-

-

-

-

General and administrative expenses

18,453

19,193

17,513

17,412

14,986

11,637

11,540

10,732

9,666

9,831

7,207

Total expenses

105,537

87,115

86,802

81,188

65,527

50,521

49,569

42,176

34,998

28,707

24,321

Other operating income:
Gain on sale of real estate, net

2,106

70,682

3,814

3,582

586

4,959

1,605

16

-

310

-

Operating income

81,873

152,212

85,077

83,977

70,676

68,440

55,405

50,306

-

-

-

Gain from property insurance proceeds

2,111

-

-

-

-

-

-

-

-

-

-

Impairment loss from investments in unconsolidated joint ventures

5,500

-

-

-

-

-

-

-

-

-

-

Income from unconsolidated joint ventures

2,388

2,864

2,263

1,138

1,819

-

-

-

-

-

-

Income from continuing operations

-

-

-

-

-

-

55,405

50,306

48,620

45,595

44,473

Discontinued operations:
Income from discontinued operations

-

-

-

-

-

-

805

1,005

823

148

-113

Net income from discontinued operations

-

-

-

-

-

-

2,410

1,021

823

458

-113

Net income

80,872

155,076

87,340

85,115

73,081

-

57,815

51,327

49,443

46,053

44,360

Income allocated to non-controlling interests

346

95

-

-

-

-

-

37

191

191

296

Net income attributable to LTC Properties, Inc.

80,526

154,981

87,340

85,115

-

73,399

57,815

51,290

49,252

45,862

44,064

Income allocated to participating securities

391

625

362

385

484

481

383

377

342

230

139

Income allocated to preferred stockholders

-

-

-

-

2,454

3,273

3,273

3,273

9,078

16,045

14,515

Net income available to common stockholders

80,135

154,356

86,978

84,730

70,143

69,645

54,159

47,640

39,832

29,587

29,410

Earnings per common share:
Continuing operations (in dollars per share)

-

-

-

-

-

-

1.56

1.54

1.34

1.19

1.28

Discontinued operations (in dollars per share)

-

-

-

-

-

-

0.07

0.03

0.03

0.02

-

Basic (in dollars per share)

2.03

3.91

2.21

2.21

1.97

2.01

1.64

1.58

1.36

1.21

1.27

Continuing operations (in dollars per share)

-

-

-

-

-

-

1.56

1.54

1.33

1.19

1.28

Discontinued operations (in dollars per share)

-

-

-

-

-

-

0.07

0.03

0.02

0.02

-

Diluted (in dollars per share)

2.02

3.89

2.20

2.21

1.94

1.99

1.63

1.57

1.36

1.21

1.27

Weighted average shares used to calculate earnings per common share:
Basic (in shares)

39,571

39,477

39,409

38,388

35,590

34,617

33,111

30,238

29,194

24,495

23,099

Diluted (in shares)

39,759

39,839

39,637

38,597

37,329

36,640

33,142

30,278

29,222

24,568

23,182

Comprehensive Income:
Reclassification adjustment

-

-

-

-47

-

-

-

-

-

-

-345

Comprehensive income

-

-

-

-

-

-

-

-

-

-

44,015

Comprehensive income allocated to non-controlling interests

-

-

-

-

-

-

-

-

-

-

296

Comprehensive income

80,872

155,076

87,340

85,068

-

-

-

-

-

-

43,719