Omega healthcare investors, inc. (OHI)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Revenue
Rental income

804,076

767,340

775,176

743,885

605,991

388,443

375,135

314,592

273,517

232,772

164,468

155,765

Income from direct financing leases

1,036

1,636

32,336

62,298

59,936

56,719

5,203

-

-

-

-

-

Mortgage interest income

76,542

70,312

66,202

69,811

68,910

53,007

29,351

30,446

16,274

10,391

11,601

9,562

Other investment income

43,400

40,228

29,225

21,852

7,534

6,369

9,025

5,422

2,070

3,936

2,502

2,031

Miscellaneous income

3,776

2,166

5,446

2,981

1,246

249

-

-

343

3,886

437

2,234

Total operating revenues

928,830

881,682

908,385

900,827

743,617

504,787

418,714

350,460

292,204

258,321

197,438

193,762

Nursing home revenues of owned and operated assets

-

-

-

-

-

-

-

-

-

7,336

18,430

24,170

Expenses
Depreciation and amortization

301,683

281,279

287,591

267,062

210,703

123,257

128,646

112,983

100,337

84,623

44,694

39,890

General and administrative

57,869

63,508

47,683

45,867

38,568

25,888

21,588

21,330

19,432

15,054

11,742

11,701

Real estate taxes

14,933

-

-

-

-

-

-

-

-

-

-

-

Acquisition and merger related costs

5,115

383

-

9,600

57,525

3,948

245

909

1,204

1,554

1,561

0

Impairment on real estate properties

45,300

29,800

99,100

58,726

17,681

3,660

415

272

26,344

155

159

5,584

Impairment on direct financing leases

7,917

27,168

198,199

-

-

-

-

-

-

-

-

-

Provision for uncollectible accounts

-

6,689

14,580

9,845

7,871

2,723

2,141

-

6,439

-

2,765

4,248

Nursing home expenses of owned and operated assets

-

-

-

-

-

-

-

-

653

7,998

20,632

27,601

Total operating expenses

432,781

408,866

647,123

391,082

332,348

159,476

153,035

135,494

154,409

109,384

81,553

89,024

Other operating income
Income (loss) before (loss) gain on assets sold

-

-

-

-

228,173

218,486

173,672

108,899

50,936

58,440

81,358

65,758

Gain on assets sold - net

55,696

24,774

53,912

50,208

6,353

2,863

-1,151

11,799

1,670

-4

753

11,861

Operating income

551,745

497,590

315,174

559,953

411,269

345,311

265,679

214,966

137,795

148,937

115,885

104,738

Other income (expense)
Interest income and other - net

856

313

267

173

285

44

41

29

40

105

21

240

Interest expense

199,151

192,462

188,762

164,103

147,381

119,369

100,381

95,527

81,154

67,340

36,077

37,745

Interest - amortization of deferred financing costs

9,600

9,000

9,500

9,345

6,990

4,459

2,779

2,649

2,674

3,780

2,472

2,001

Interest - refinancing costs

-

-

21,965

2,113

-

-

-

-

-

-

-

-

Contractual settlement

-

-

10,412

-

-

-

-

-

-

-

-

-

Interest - refinancing costs

-

-

-

-

28,837

3,041

-11,112

7,920

3,071

19,482

526

0

Realized (loss) gain on foreign exchange

-42

32

311

-232

-173

-

-

-

-

-

-

-

Total other expense

-207,901

-201,077

-209,253

-

-

-

-

-

-

-

-

-

Income tax expense

2,844

3,010

3,248

1,405

1,211

-

-

-

-

-

-

-72

Total other expense

-

-

-

-175,620

-183,096

-126,825

-92,007

-106,067

-86,859

-90,497

-34,527

-38,980

Litigation settlements

-

-

-

-

-

-

-

-

-

-

4,527

526

Income from continuing operations

343,844

296,513

105,921

384,333

234,526

221,349

172,521

-

-

-

-

77,619

Income from unconsolidated joint ventures

10,947

381

2,237

439

-

-

-

-

-

-

-

-

Net income

351,947

293,884

104,910

383,367

233,315

221,349

172,521

-

-

-

-

-

Net (income) loss attributable to noncontrolling interest

10,824

12,306

4,491

16,952

8,791

-

-

-

-

-

-

-

Preferred stock dividends

-

-

-

-

-

-

-

-

1,691

9,086

9,086

9,714

Preferred stock redemption

-

-

-

-

-

-

-

-

3,456

0

0

2,128

Net income available to common stockholders/owners

341,123

281,578

100,419

366,415

224,524

221,349

172,521

120,698

47,459

49,350

73,025

70,551

Net income

351,947

293,884

104,910

383,367

233,315

221,349

172,521

-

-

-

-

-

Income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

77,691

Discontinued operations

-

-

-

-

-

-

-

-

-

-

-

446

Net income available to common stockholders

-

-

-

-

-

-

-

-

52,606

58,436

82,111

78,137

Total comprehensive income

-

-

-

-

-

-

172,521

-

-

-

-

-

Net income

-

-

-

-

-

-

-

-

-

-

-

78,137

Comprehensive income attributable to common stockholders

-

-

-

-

-

-

172,521

-

-

-

-

78,137

Earnings per common share/unit available to common stockholders:
Basic:
Income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

0.93

Net income available to common stockholders

1.60

1.41

0.51

1.91

1.30

1.75

1.47

1.12

0.46

0.52

0.87

0.94

Diluted:
Income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

0.93

Net income

1.58

1.40

0.51

1.90

1.29

1.74

1.46

1.12

0.46

0.52

0.87

0.94

Earnings per unit:
Net income available to Omega OP Unit holders:
Diluted:
Dividends declared per common share (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

1.19

Weighted-average shares outstanding, Basic and Diluted
Weighted-average shares outstanding, basic (in shares)

213,404

200,279

197,738

191,781

172,242

126,550

117

107,591

102,119

94,056

83,556

75,127

Weighted-average shares outstanding, diluted (in shares)

222,125

209,711

206,790

201,635

180,508

127,294

118

108,011

102,177

94,237

83,649

75,213

Omega OP
Rental income

804,076

767,340

775,176

-

-

-

-

-

-

-

-

-

Income from direct financing leases

1,036

1,636

32,336

-

-

-

-

-

-

-

-

-

Rental income

-

-

-

743,885

-

-

-

-

-

-

-

-

Income from direct financing leases

-

-

-

62,298

-

-

-

-

-

-

-

-

Mortgage interest income

-

-

-

69,811

-

-

-

-

-

-

-

-

Mortgage interest income

76,542

70,312

66,202

-

-

-

-

-

-

-

-

-

Other investment income

-

-

-

21,852

-

-

-

-

-

-

-

-

Other investment income

43,400

40,228

29,225

-

-

-

-

-

-

-

-

-

Miscellaneous income

-

-

-

2,981

-

-

-

-

-

-

-

-

Miscellaneous income

3,776

2,166

5,446

-

-

-

-

-

-

-

-

-

Total operating revenues

928,830

881,682

908,385

-

-

-

-

-

-

-

-

-

Total operating revenues

-

-

-

900,827

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

267,062

-

-

-

-

-

-

-

-

Depreciation and amortization

301,683

281,279

287,591

-

-

-

-

-

-

-

-

-

General and administrative

-

-

-

45,867

-

-

-

-

-

-

-

-

General and administrative

57,869

63,508

47,683

-

-

-

-

-

-

-

-

-

Real estate taxes

14,933

-

-

-

-

-

-

-

-

-

-

-

Acquisition costs

-

-

-

9,582

-

-

-

-

-

-

-

-

Acquisition and merger related costs

5,115

383

-

-

-

-

-

-

-

-

-

-

Impairment on real estate properties

45,264

29,839

99,070

-

-

-

-

-

-

-

-

-

Impairment on real estate properties

-

-

-

58,726

-

-

-

-

-

-

-

-

Impairment on direct financing leases

7,917

27,168

198,199

-

-

-

-

-

-

-

-

-

Provision for credit losses

-

6,689

14,580

-

-

-

-

-

-

-

-

-

Provision for uncollectible accounts

-

-

-

9,845

-

-

-

-

-

-

-

-

Total operating expenses

-

-

-

391,082

-

-

-

-

-

-

-

-

Total operating expenses

432,781

408,866

647,123

-

-

-

-

-

-

-

-

-

Gain on assets sold - net

-

-

-

50,208

-

-

-

-

-

-

-

-

Gain on assets sold - net

55,696

24,774

53,912

-

-

-

-

-

-

-

-

-

Operating income

-

-

-

559,953

-

-

-

-

-

-

-

-

Operating income

551,745

497,590

315,174

-

-

-

-

-

-

-

-

-

Interest income and other - net

856

313

267

-

-

-

-

-

-

-

-

-

Interest expense

199,151

192,462

188,762

-

-

-

-

-

-

-

-

-

Interest income and other - net

-

-

-

173

-

-

-

-

-

-

-

-

Interest expense

-

-

-

164,103

-

-

-

-

-

-

-

-

Interest - amortization of deferred financing costs

-

-

-

9,345

-

-

-

-

-

-

-

-

Interest - amortization of deferred financing costs

9,564

8,960

9,516

-

-

-

-

-

-

-

-

-

Interest - refinancing costs

-

-

-

2,113

-

-

-

-

-

-

-

-

Interest - refinancing costs

-

-

21,965

-

-

-

-

-

-

-

-

-

Contractual settlement

-

-

10,412

-

-

-

-

-

-

-

-

-

Realized gain (loss) on foreign exchange

-

-

-

-232

-

-

-

-

-

-

-

-

Realized (loss) gain on foreign exchange

-42

32

311

-

-

-

-

-

-

-

-

-

Total other expense

-207,901

-201,077

-209,253

-

-

-

-

-

-

-

-

-

Income tax expense

-

-

-

1,405

-

-

-

-

-

-

-

-

Income tax expense

2,844

3,010

3,248

-

-

-

-

-

-

-

-

-

Total other expense

-

-

-

-175,620

-

-

-

-

-

-

-

-

Income from continuing operations

-

-

-

384,333

-

-

-

-

-

-

-

-

Income from continuing operations

343,844

296,513

105,921

-

-

-

-

-

-

-

-

-

Income from unconsolidated joint venture

-

-

-

439

-

-

-

-

-

-

-

-

Income from unconsolidated joint ventures

10,947

381

2,237

-

-

-

-

-

-

-

-

-

Net income

-

-

-

383,367

-

-

-

-

-

-

-

-

Net income

351,947

293,884

104,910

-

-

-

-

-

-

-

-

-

Net (income) loss attributable to noncontrolling interest

-12

-

-

-

-

-

-

-

-

-

-

-

Net income available to common stockholders

-

-

-

383,367

-

-

-

-

-

-

-

-

Net income available to common stockholders

-

-

-

1.91

-

-

-

-

-

-

-

-

Net income

-

-

-

1.90

-

-

-

-

-

-

-

-

Net income (in dollars per share)

-

-

-

1.91

-

-

-

-

-

-

-

-

Net income available to owners'

1.60

1.41

0.51

-

-

-

-

-

-

-

-

-

Net income (in dollars per share)

-

-

-

1.90

-

-

-

-

-

-

-

-

Net income

1.58

1.40

0.51

-

-

-

-

-

-

-

-

-

Weighted-average shares outstanding, basic (in shares)

220,193

209,020

206,521

-

-

-

-

-

-

-

-

-

Weighted-average shares outstanding, basic (in shares)

-

-

-

200,679

-

-

-

-

-

-

-

-

Weighted-average shares outstanding, diluted (in shares)

222,125

209,711

206,790

-

-

-

-

-

-

-

-

-

Weighted-average shares outstanding, diluted (in shares)

-

-

-

201,635

-

-

-

-

-

-

-

-

Weighted-average Omega OP Units outstanding, basic (in shares)

-

-

-

200,679

-

-

-

-

-

-

-

-

Weighted-average Omega OP Units outstanding, basic (in shares)

220,193

209,020

206,521

-

-

-

-

-

-

-

-

-

Weighted-average Omega OP Units outstanding, diluted (in shares)

-

-

-

201,635

-

-

-

-

-

-

-

-

Weighted-average Omega OP Units outstanding, diluted (in shares)

222,125

209,711

206,790

-

-

-

-

-

-

-

-

-