National health investors inc (NHI)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Revenues:
Rental income

294,182

280,813

265,169

232,353

214,407

166,279

106,029

81,482

72,608

70,917

53,648

47,275

Interest income and other

23,899

13,799

13,490

16,107

10,206

7,013

7,633

7,426

6,652

6,743

9,145

9,666

Investment income and other

-

-

-

-

4,335

4,217

4,166

4,409

4,479

4,919

-

-

Revenues

318,081

294,612

278,659

248,460

228,948

177,509

117,828

93,317

83,739

82,579

62,793

56,941

Expenses:
Depreciation

76,816

71,349

67,173

59,525

53,123

38,078

20,101

14,772

11,450

10,601

8,621

6,475

Interest

56,299

49,055

46,324

43,108

37,629

26,372

9,229

3,492

3,848

1,552

175

323

Legal

507

309

494

422

464

209

784

766

559

1,152

1,954

1,598

Franchise, excise and other taxes

1,550

1,166

960

1,009

985

605

488

771

837

539

730

646

General and administrative

13,399

12,547

12,217

9,773

10,519

9,107

9,254

7,799

7,588

7,794

5,255

3,585

Property taxes and insurance on leased properties

5,798

0

0

-

-

-

-

-

-

-

-

-

Loan and realty losses

2,440

5,115

0

15,856

-491

0

1,976

-2,195

-99

-573

-1,077

0

Total operating expenses

156,809

139,541

127,168

129,693

102,229

74,371

41,832

25,405

24,183

21,065

14,138

12,304

Income before loss on convertible note retirement

-

-

-

-

-

-

79,498

72,834

69,817

61,786

48,655

44,637

Investment and other gains

0

0

10,088

35,912

24,655

0

3,306

4,877

10,261

272

8,581

6,487

Income before equity-method investee, tax benefit (expense), investment and other gains, discontinued operations and noncontrolling interest

161,272

155,071

151,491

118,767

126,719

103,138

75,996

67,912

59,556

61,514

-

-

Income (Loss) from Equity Method Investments

-

-

-

-1,214

-1,767

-71

324

45

0

0

-

-

Loss on convertible note retirement

-823

-738

-2,214

0

0

-

-

-

-

-

-

-

Income tax benefit (expense) of taxable REIT subsidiary

-

-

-

749

-707

15

128

-

-

-

-

-

Discontinued operations
Income from continuing operations

-

-

-

-

-

-

-

-

-

-

57,061

50,801

Income from operations - discontinued

-

-

-

-

-

-

5,426

6,098

7,967

5,631

7,168

6,709

Gain on sale of real estate

-

-

-

-

-

-

22,258

11,966

3,348

2,004

-

0

Total discontinued operations

-

-

-

-

-

-

27,684

18,064

11,315

7,635

7,168

6,709

Net income

160,449

154,333

159,365

152,716

150,314

103,052

107,182

90,898

81,132

69,421

-

-

Less: net loss attributable to noncontrolling interest

-7

0

0

1,176

1,452

1,443

999

167

0

0

-

-

Net income

160,456

154,333

159,365

151,540

148,862

101,609

106,183

90,731

81,132

69,421

64,229

57,510

Weighted average common shares outstanding:
Basic

43,417

41,943

40,894

39,013

37,604

33,375

28,362

27,811

27,719

27,664

27,586

27,706

Diluted

43,703

42,091

41,151

39,155

37,644

33,416

28,397

27,838

27,792

27,732

27,618

27,731

Earnings per common share:
Basic:
Income from continuing operations attributable to common stockholders

-

-

-

-

-

-

2.77

2.61

2.52

2.23

2.07

1.83

Discontinued operations

-

-

-

-

-

-

0.97

0.65

0.41

0.28

0.26

0.25

Net income attributable to common stockholders - basic

3.70

3.68

3.90

3.88

3.96

3.04

3.74

3.26

2.93

2.51

2.33

2.08

Diluted:
Income from continuing operations attributable to common stockholders

-

-

-

-

-

-

2.77

2.61

2.51

2.23

2.06

1.83

Discontinued operations

-

-

-

-

-

-

0.97

0.65

0.41

0.27

0.26

0.24

Net income attributable to common stockholders - diluted

3.67

3.67

3.87

3.87

3.95

3.04

3.74

3.26

2.92

2.50

2.32

2.07