SABRA HEALTH CARE REIT, INC. SBRA Income Statement

Sabra health care reit, inc. (SBRA)

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
Revenues:
Rental and related revenues
106,512	112,847	110,104	112,800	116,387	117,654	130,467	144,229	144,255	150,918	100,145	55,904	57,224	57,833	56,833	55,297	55,312	57,277	53,173	49,896	49,505	49,740	38,165	37,485	36,093	34,296	31,699	31,518	31,475	27,839	25,420	24,820	23,663	23,195	21,294	18,628	17,561	8,781
Interest and other income
2,851	4,395	3,325	70,495	3,325	3,844	3,932	4,553	4,338	9,598	4,090	2,027	1,945	1,981	3,157	16,993	5,332	7,910	6,211	5,999	5,385	3,303	5,819	5,488	4,757	3,261	1,227	757	547	449	618	297	64	3,154	176	177	40	14
Resident fees and services
39,983	38,521	36,405	36,071	17,061	17,711	17,403	17,530	17,493	8,590	7,554	6,805	3,481	1,977	1,937	1,959	1,915	1,585	550	691	682	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total revenues
149,346	155,763	149,834	219,366	136,773	139,209	151,802	166,312	166,086	169,106	111,789	64,736	62,650	61,791	61,927	74,249	62,559	66,772	59,934	56,586	55,572	55,711	43,984	42,973	40,850	37,557	32,926	32,275	32,022	28,288	26,038	25,117	23,727	26,349	21,470	18,805	17,601	8,795
Expenses:
Depreciation, Depletion and Amortization
44,168	44,032	43,092	49,476	44,949	48,078	48,468	46,828	48,005	51,592	25,933	17,220	19,137	17,199	17,102	16,405	17,766	18,126	16,306	14,497	14,150	14,465	9,762	9,755	9,350	8,555	8,258	8,222	8,246	7,907	7,496	7,557	7,303	7,365	6,850	6,290	6,086	3,134
Interest
25,700	27,447	29,255	33,608	36,300	37,226	37,305	36,757	35,818	32,222	24,568	15,862	15,788	15,761	15,794	16,427	16,918	16,110	15,176	14,052	13,880	14,290	10,540	10,994	11,134	10,576	9,739	10,143	10,002	9,654	9,085	7,898	7,698	7,593	7,624	7,505	7,597	3,859
Operating expenses
-	-	-	-	-	-	-	-	-	5,931	5,102	4,407	2,420	1,447	1,404	1,440	1,412	1,135	444	499	498	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative
8,761	5,510	8,709	8,059	8,184	11,035	8,173	9,383	7,867	8,241	12,944	5,126	6,090	3,356	4,966	4,636	4,714	-3,178	3,547	9,363	6,361	6,705	6,226	5,031	5,853	5,227	3,057	3,422	4,717	4,516	3,778	3,489	4,321	4,228	4,652	2,923	2,670	1,553
Merger and acquisition costs
-	-	-	-	-	-	-	-	330	506	23,299	5,887	563	-	1,051	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts Receivable, Credit Loss Expense (Reversal)
667	-219	57	193	1,207	29,626	8,910	-674	1,213	9,659	5,149	535	1,770	2,257	540	223	2,523	6,237	2,489	2,972	1,144	-	0	2,895	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of real estate
0	2,751	13,966	2,002	103,100	32	0	881	500	1,326	0	0	0	0	0	0	29,811	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total expenses
111,462	110,967	124,669	123,817	211,121	138,783	115,467	105,474	105,889	109,477	96,995	49,037	45,768	40,139	40,857	39,131	73,144	45,453	37,962	41,383	36,033	38,089	26,528	28,675	26,337	24,358	21,054	21,787	22,965	24,558	20,359	18,944	19,322	19,186	19,126	16,718	16,353	8,546
Other income (expense):
Loss on extinguishment of debt
-	-	-644	-10,119	-	-	0	0	-	-	-553	-	-	0	0	0	-556	0	0	0	0	0	-158	-162	-22,134	0	-351	-9,750	0	-	-453	-250	-	-	-	-	-	-
Other income
2,259	1,709	215	-1	171	324	1,336	0	2,820	-2,585	51	941	2,129	5,332	2,945	2,400	0	2,560	-100	-100	-100	700	-100	660	300	-200	300	-1,400	500	2,196	0	0	0	-	-	-	-	-
Gains (Losses) on Sales of Investment Real Estate
-217	1,084	-19	2,755	-1,520	-14,247	14	142,903	-472	47,415	582	4,032	0	-2,919	1,451	-52	-4,602	1,954	-3,838	1,723	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other income (expense)
2,042	-2,784	-448	-7,365	-1,349	-16,840	1,350	142,903	2,348	44,830	80	4,973	2,129	2,413	4,396	2,348	-5,158	4,514	-3,938	1,623	-100	4,614	-258	498	-21,834	-200	-51	-11,150	500	-	-453	-250	-	-	-	-	-	-
Income (loss) before loss from unconsolidated joint venture and income tax expense
39,926	42,012	24,717	88,184	-75,697	-16,414	37,685	203,741	62,545	104,459	14,874	20,672	19,011	-	25,466	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	249
Income (Loss) from Equity Method Investments
-3,667	-1,161	-605	-3,647	-1,383	-1,805	-1,725	-2,347	446	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax expense
1,042	1,110	826	854	612	1,164	732	605	510	490	-195	136	220	-	154	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	242
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
35,217	39,741	23,286	83,683	-77,692	-19,383	35,228	200,789	62,481	103,969	15,069	20,536	18,791	23,170	25,312	37,466	-15,743	25,084	18,034	16,826	19,439	22,236	17,198	14,796	-7,321	12,999	11,821	-662	9,557	-	-	-	-	-	-	-	-	-
Net income attributable to noncontrolling interest
0	0	4	6	12	11	10	2	10	24	-26	16	-32	-5	-25	-9	-32	17	-27	-9	-11	-14	-6	-5	-18	0	0	0	0	-	-	-	-	-	-	-	-	-
Net income attributable to Sabra Health Care REIT, Inc.
-	-	23,282	83,677	-	-19,394	35,218	200,787	62,471	103,945	15,095	20,520	18,823	23,175	25,337	37,475	-15,711	25,067	18,061	16,835	19,450	22,250	17,204	14,801	-7,303	12,999	11,821	-662	9,557	3,959	5,226	5,923	4,405	7,163	2,344	2,087	1,248	7
Preferred stock dividends
-	-	0	0	-	0	0	7,207	2,561	2,560	2,561	2,560	2,561	2,560	2,561	2,560	2,561	2,560	2,561	2,560	2,561	2,560	2,561	2,560	2,561	2,560	2,579	2,523	304	0	0	0	0	-	-	-	-	-
Net income (loss) attributable to common stockholders
35,217	39,741	23,282	83,677	-77,704	-19,394	35,218	193,580	59,910	101,385	12,534	17,960	16,262	20,615	22,776	34,915	-18,272	22,507	15,500	14,275	16,889	19,690	14,643	12,241	-9,864	10,439	9,242	-3,185	9,253	3,959	5,226	5,923	4,405	-	-	-	-	-
Net income (loss) attributable to common stockholders, per:
Basic common share (in dollars per share)
0.17	0.23	0.12	0.46	-0.44	-0.12	0.20	1.09	0.34	0.77	0.11	0.27	0.25	0.32	0.35	0.53	-0.28	0.34	0.24	0.24	0.29	0.45	0.31	0.28	-0.25	0.28	0.25	-0.09	0.25	0.11	0.14	0.16	0.12	0.23	0.07	0.08	0.05	0.00
Diluted common share (in dollars per share)
0.17	0.23	0.12	0.46	-0.44	-0.11	0.20	1.08	0.34	0.77	0.11	0.27	0.25	0.32	0.35	0.53	-0.28	0.35	0.24	0.24	0.28	0.44	0.31	0.28	-0.25	0.28	0.24	-0.09	0.25	0.10	0.14	0.16	0.12	0.23	0.07	0.08	0.05	0.00
Basic common share
0.17	0.23	0.12	0.46	-0.44	-0.12	0.20	1.09	0.34	0.77	0.11	0.27	0.25	-	0.35	0.53	-	-	-	-	-	-	-	-	-	-	0.25	-0.09	0.25	0.11	0.14	0.16	0.12	0.23	0.07	0.08	0.05	0.00
Diluted common share
0.17	0.23	0.12	0.46	-0.44	-0.11	0.20	1.08	0.34	0.77	0.11	0.27	0.25	-	0.35	0.53	-	-	-	-	-	-	-	-	-	-	0.24	-0.09	0.25	0.10	0.14	0.16	0.12	0.23	0.07	0.08	0.05	0.00
Weighted-average number of common shares outstanding, basic (in shares)
205,395	198,084	190,650	181,567	178,385	178,295	178,317	178,314	178,294	179,541	112,149	65,438	65,354	65,273	65,312	65,303	65,248	65,270	65,160	59,323	59,185	55,422	47,359	43,655	38,968	38,056	37,358	37,357	37,286	36,882	37,178	37,147	37,035	37,160	32,986	25,154	25,136	25,110
Weighted-average number of common shares outstanding, diluted (in shares)
206,006	199,915	191,952	182,254	178,385	178,745	178,941	178,684	178,516	179,360	112,418	65,670	65,920	65,739	65,591	65,503	65,248	65,339	65,398	59,543	59,559	56,616	47,877	44,096	38,968	39,362	37,828	37,357	37,739	37,570	37,465	37,191	37,058	37,197	33,049	25,226	25,211	25,186
Dividends declared per common share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	0.43	0.42	-	0.42	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00
Triple-Net Portfolio
Operating expenses
4,901	5,075	5,611	6,240	5,289	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Senior Housing Facilities - Managed Portfolio [Member]
Operating expenses
27,261	25,999	23,979	24,239	12,040	12,512	12,611	12,299	12,124	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-