Ventas, Inc. VTR Income Statement

Ventas, inc. (VTR)

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 income
1,611	1,609	1,593	1,568	1,530	1,513	1,526	1,543	1,583	1,593	1,591	1,558	1,512	1,476	1,435	1,410	1,379	1,346	1,132	1,075	1,111	1,138	1,054	1,100	1,066	1,036	1,291	1,265	1,236	1,180	1,121	1,074	920	793	666	545	535	523	515	499	494	488	492	487	0	0	0
Income from loans and investments
96	89	85	73	110	124	137	152	128	117	105	104	95	98	98	85	86	86	79	73	63	51	47	48	49	54	59	54	47	39	35	36	36	34	29	23	18	16	14	13	13	13	13	11	0	0	0
Interest and other income
15	10	10	22	15	24	29	17	15	6	0	1	1	0	1	0	0	1	4	4	4	4	0	0	1	2	2	2	2	1	1	1	1	1	0	0	0	0	0	0	0	0	2	3	0	0	0
Medical office buildings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Total revenues
3,941	3,872	3,800	3,753	3,744	3,745	3,717	3,681	3,634	3,574	3,554	3,521	3,474	3,443	3,409	3,369	3,333	3,286	3,024	2,901	2,840	2,776	2,636	2,642	2,575	2,516	2,730	2,658	2,586	2,469	2,365	2,282	2,029	1,731	1,435	1,144	1,028	1,000	977	947	935	923	930	924	0	0	0
Expenses
Interest
457	451	445	439	441	442	443	450	450	448	443	435	425	419	415	407	388	367	298	279	286	292	261	267	258	249	318	308	299	288	275	270	250	223	202	178	170	172	174	171	171	173	183	192	0	0	0
Depreciation and amortization
1,058	1,045	940	924	922	919	908	902	903	887	887	882	880	898	903	921	914	894	825	771	747	725	663	667	648	629	702	714	730	714	693	661	553	444	333	229	199	200	203	201	200	197	198	204	0	0	0
Property-level operating expenses:
Medical office buildings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	44	32	28	24	19	0	0	-	0	-	-	-	-
Property-level operating expenses
1,858	1,808	1,755	1,721	1,707	1,689	1,634	1,582	1,526	1,483	1,476	1,461	1,447	1,434	1,421	1,408	1,399	1,383	1,343	1,302	1,248	1,195	1,171	1,149	1,130	1,109	1,083	1,050	1,017	966	911	866	774	645	518	392	323	315	314	308	306	302	306	301	0	0	0
Office building services costs
2	2	2	1	1	1	2	2	2	3	2	3	4	7	13	19	23	26	26	24	20	17	12	10	10	8	6	6	8	9	15	20	24	27	24	0	0	-	0	-	-	-	-	-	-	-	-
General, administrative and professional fees
167	165	162	161	155	151	148	142	138	135	132	130	129	126	123	123	125	128	128	125	123	121	123	123	119	115	107	105	105	98	99	92	81	74	65	59	53	49	44	38	38	38	42	42	0	0	0
Foreign currency loss (gain)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	0	0
Loss on extinguishment of debt, net
-41	-41	-49	-51	-47	-58	-50	-11	-11	-0	-0	-0	-2	-2	-2	-17	-14	-14	-15	-2	-5	-5	-7	-4	-0	-1	1	2	-8	-37	-40	-50	-40	-27	-31	0	0	-	-	0	-	-6	-6	-6	0	0	0
Litigation proceeds, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Merger-related expenses and deal costs
21	15	15	15	15	30	27	24	25	10	8	23	25	24	22	68	73	102	111	65	63	43	41	31	28	21	30	29	59	63	71	136	155	153	139	74	23	19	13	13	13	13	12	8	0	0	0
Other
13	17	-85	-84	-69	-66	-30	-16	-18	-20	17	6	7	9	12	15	17	17	20	24	25	25	23	18	18	17	15	12	9	6	6	18	8	7	5	-8	0	-	0	0	-	-	-	-	-	-	-
Total expenses
3,593	3,513	3,421	3,365	3,355	3,360	3,228	3,139	3,081	2,989	2,968	2,943	2,921	2,925	2,916	2,982	2,955	2,934	2,770	2,596	2,521	2,426	2,304	2,271	2,212	2,152	2,262	2,225	2,238	2,186	1,996	1,914	1,686	1,401	1,232	969	812	777	760	741	736	731	749	755	0	0	0
Income before unconsolidated entities, real estate dispositions, income taxes and noncontrolling interests
347	359	378	387	389	384	489	541	552	584	585	578	553	518	492	387	377	351	254	304	319	350	331	370	362	364	468	432	347	283	368	367	342	330	202	174	215	222	217	206	199	191	180	169	0	0	0
Income Loss from Equity Method Investments and Remeasurement Gain on Equity Interest in Acquiree
-12	-2	-9	-11	-15	-55	-52	-50	-44	-0	6	6	7	4	1	0	-1	-1	-1	-0	-0	-0	-0	-0	-1	-0	0	17	18	18	17	1	0	-0	-0	0	0	-	0	-	0	-	-	-	-	-	-
Gain on real estate dispositions
246	26	34	34	51	46	250	709	674	717	568	110	115	98	35	36	38	18	15	19	23	17	16	12	1	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reversal of contingent liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-
Income tax benefit
-204	-56	-85	-94	-37	-39	-57	-58	-59	-59	-15	-16	-26	-31	-40	-42	-40	-39	-41	-32	-19	-8	6	5	-10	-11	-16	-22	-15	-6	-10	-15	-16	-30	-20	-4	1	5	1	-0	-0	-1	-1	-5	0	0	0
Income from continuing operations
786	439	489	506	463	415	1,248	1,302	1,285	1,361	705	699	684	652	534	429	416	389	293	336	338	359	325	365	371	375	485	473	382	307	396	383	359	361	222	178	212	217	214	206	199	193	205	197	0	0	0
Discontinued operations
-	-	0	0	-	-0	-0	-0	-0	-0	-0	-0	-0	-0	-3	-25	-6	11	92	132	114	99	136	108	90	79	-53	-47	2	53	71	74	44	2	27	28	32	32	11	11	47	76	73	101	0	0	0
Net income
786	439	489	506	463	415	746	1,258	1,242	1,361	1,176	711	701	651	567	440	447	419	401	488	476	477	477	486	462	454	432	425	384	361	468	458	404	363	249	206	245	249	225	217	247	269	279	299	0	0	0
Net income attributable to noncontrolling interests
6	6	5	5	6	6	6	6	5	4	4	4	3	2	1	0	1	-	1	1	1	1	0	0	0	1	1	0	0	-1	-1	-2	-1	-1	0	2	3	3	3	2	2	2	3	3	0	0	0
Net income attributable to common stockholders
780	433	483	500	456	409	739	1,251	1,237	1,356	1,171	707	698	649	566	439	446	417	400	486	475	475	477	486	462	453	431	424	384	362	469	460	406	364	249	204	242	246	222	214	244	266	276	296	0	0	0
Earnings Per Share [Abstract]
Basic:
Income from continuing operations (in usd per share)
1.27	0.02	0.23	0.59	0.36	0.18	0.29	0.48	0.22	2.52	0.44	0.43	0.44	0.68	0.43	0.41	0.37	0.33	0.14	0.39	0.32	0.10	0.31	0.47	0.40	-0.01	0.43	0.45	0.41	0.36	0.39	0.15	0.16	0.83	0.36	0.10	0.30	0.32	0.37	0.33	0.34	0.31	0.32	0.30	0.32	0.44	0.30
Discontinued operations (USD per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.07	0.06	0.05	0.27	0.06	0.00	0.01	0.39	-0.03	-0.06	-0.03	-0.07	-0.01	0.11	0.15	-0.01	0.00	0.01	0.01	0.17	0.00	0.04	0.00	0.03	0.00	0.27	0.20	0.01	0.21
Net income attributable to common stockholders (in usd per share)
1.27	0.02	0.23	0.58	0.35	0.17	0.29	0.47	0.22	1.11	1.72	0.43	0.56	0.59	0.43	0.42	0.44	0.37	0.07	0.45	0.37	0.37	0.37	0.47	0.41	0.38	0.40	0.39	0.38	0.29	0.38	0.26	0.31	0.82	0.36	0.11	0.31	0.49	0.37	0.37	0.34	0.34	0.32	0.57	0.52	0.45	0.51
Diluted:
Income from continuing operations (in usd per share)
1.26	0.03	0.23	0.58	0.35	0.18	0.29	0.47	0.22	2.50	0.44	0.42	0.44	0.69	0.42	0.40	0.36	0.31	0.14	0.40	0.32	0.08	0.31	0.47	0.40	-0.02	0.43	0.45	0.41	0.36	0.39	0.14	0.16	0.82	0.35	0.10	0.30	0.31	0.37	0.33	0.34	0.30	0.32	0.30	0.32	0.44	0.30
Discontinued operations (USD per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.07	0.05	0.05	0.27	0.06	0.00	0.01	0.39	-0.03	-0.06	-0.03	-0.07	-0.01	0.11	0.15	0.00	0.00	0.01	0.00	0.17	0.00	0.04	0.00	0.03	0.00	0.27	0.20	0.01	0.21
Net income attributable to common stockholders (in usd per share)
1.26	0.01	0.23	0.58	0.35	0.18	0.28	0.46	0.22	1.10	1.71	0.42	0.55	0.58	0.42	0.42	0.44	0.36	0.07	0.45	0.37	0.35	0.37	0.47	0.41	0.37	0.40	0.39	0.38	0.29	0.38	0.25	0.31	0.82	0.35	0.11	0.30	0.48	0.37	0.37	0.34	0.33	0.32	0.57	0.52	0.45	0.51
Weighted Average Number of Shares Outstanding, Basic
-	-	-	-	-	-	-	-	-	-	355	355	354	354	350	338	335	332	332	330	325	294	294	293	293	293	292	292	291	294	294	290	288	289	287	176	160	156	156	156	156	156	156	154	143	140	138
Weighted Average Number of Shares Outstanding, Diluted
-	-	-	-	-	-	-	-	-	-	359	358	357	357	354	342	339	336	336	334	329	297	296	296	296	296	295	295	293	297	297	292	290	292	290	177	162	158	157	157	156	156	156	154	143	141	138
Dividends declared per common share
-	-	-	-	-	-	-	-	-	-	0.77	0.77	0.77	-	0.73	0.73	0.73	-	0.73	0.79	0.79	-	0.72	0.72	0.72	-	0.67	0.67	0.67	-	0.62	0.62	0.62	-	0.44	0.70	0.57	-	0.53	0.53	0.53	-	0.51	0.51	0.51	0.51	0.51
Triple-Net Leased Properties
Rental income
775	780	779	775	747	737	753	776	821	840	845	843	840	845	843	833	805	779	594	564	625	674	593	640	611	586	848	837	828	819	807	803	714	627	537	452	453	453	467	0	0	-	0	-	-	-	-
Property-level operating expenses
25	26	20	13	7	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Office Operations
Rental income
835	828	814	793	783	776	772	767	761	753	745	714	672	630	592	576	573	566	537	511	485	463	461	459	455	450	442	428	407	360	313	271	205	166	0	0	0	-	-	0	0	-	0	-	-	-	-
Property-level operating expenses
262	260	252	247	245	243	240	239	236	233	229	218	205	191	181	176	175	174	168	165	161	158	158	157	156	153	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Resident Fees and Services
Other revenues
2,206	2,151	2,100	2,077	2,076	2,069	2,009	1,952	1,893	1,843	1,843	1,843	1,847	1,847	1,845	1,838	1,828	1,811	1,767	1,708	1,628	1,552	1,507	1,470	1,437	1,406	1,361	1,319	1,281	1,227	1,180	1,138	1,036	865	704	543	452	446	439	433	426	421	421	422	0	0	0
Office Building and Other Services Revenue
Other revenues
11	11	10	11	12	13	14	14	13	13	13	14	17	21	28	34	38	41	41	38	33	29	24	21	20	17	15	15	18	20	27	31	35	36	32	0	0	-	0	-	-	-	-	-	-	-	-
Senior Living Operations
Property-level operating expenses
1,570	1,521	1,481	1,460	1,454	1,446	1,393	1,342	1,290	1,250	1,246	1,243	1,242	1,242	1,239	1,232	1,223	1,209	1,175	1,136	1,086	1,036	1,013	992	974	956	929	901	876	841	805	776	705	588	473	360	295	291	292	0	0	-	0	-	-	-	-