Welltower inc. (WELL)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Dec'09
Real property owned:
Land and land improvements

3,514

3,486

3,370

3,337

3,238

3,205

3,193

2,746

2,793

2,734

2,806

2,746

2,650

2,591

2,603

2,537

2,596

2,563

2,241

2,244

2,160

2,046

1,971

1,916

1,883

1,878

1,869

1,710

1,592

1,365

1,268

1,189

1,146

1,116

1,039

983

819

727

668

571

521

Buildings and improvements

29,236

29,163

28,798

28,691

28,047

28,019

27,980

25,443

25,672

25,373

26,010

25,399

24,930

24,496

25,671

25,293

25,712

25,522

24,273

24,097

23,192

21,799

21,310

21,151

20,769

20,625

20,387

18,776

17,814

15,635

14,766

14,057

13,575

13,073

12,114

11,497

8,707

7,627

6,350

5,854

5,185

Acquired lease intangibles

1,629

1,617

1,604

1,589

1,539

1,581

1,562

1,534

1,548

1,502

1,492

1,436

1,421

1,402

1,423

1,345

1,346

1,350

1,208

1,214

1,187

1,135

1,092

1,084

1,066

1,070

1,050

928

811

673

572

524

497

428

361

347

347

258

223

147

127

Real Estate Held-for-sale

729

1,253

336

1,704

330

590

619

547

368

734

70

141

178

1,044

913

501

293

169

229

352

234

323

47

77

18

18

2

31

36

245

153

193

165

36

5

18

71

23

16

13

45

Construction in progress

431

507

466

363

253

194

135

200

180

237

344

321

390

506

529

475

297

258

197

159

211

186

179

124

144

141

158

137

86

162

219

170

150

189

208

212

353

356

286

255

456

Gross real property owned

-

-

-

-

-

33,590

33,491

30,471

30,564

30,581

30,724

30,044

29,570

30,041

31,141

30,152

30,246

29,865

28,150

28,068

26,986

25,491

24,600

24,354

23,882

23,734

23,467

21,585

20,342

18,082

16,981

16,135

15,535

14,844

13,728

13,059

10,300

8,992

7,544

6,842

6,336

Less accumulated depreciation and amortization

5,910

5,715

5,769

5,539

5,670

5,499

5,394

5,113

4,990

4,838

4,826

4,568

4,335

4,093

4,243

4,109

4,032

3,796

3,553

-3,363

-3,186

3,020

-2,959

-2,809

-2,617

2,386

2,168

1,933

1,739

1,555

1,480

1,369

1,272

1,194

1,084

968

867

836

804

766

677

Net real property owned

29,630

30,312

28,807

30,145

27,739

28,090

28,097

25,357

25,573

25,743

25,898

25,476

25,235

25,947

26,898

26,042

26,213

26,069

24,596

24,704

23,800

22,471

21,641

21,545

21,265

21,348

21,299

19,651

18,602

16,527

15,500

14,765

14,262

13,649

12,644

12,091

9,433

8,155

6,740

6,076

5,658

Lease, Right-Of-Use Asset

523

536

536

550

502

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Real estate loans receivable, net of credit allowance

221

270

361

368

351

330

340

381

367

427

491

514

567

616

630

647

725

819

-

-

-

-

-

-

-

-

-

-

-

-

284

300

298

-

318

324

445

435

415

466

422

Loans Receivable, Gross, Commercial, Real Estate

-

-

-

-

-

-

409

449

436

495

496

520

574

622

-

-

-

819

752

760

745

380

318

367

351

332

307

312

276

895

284

300

298

292

320

326

447

436

416

471

427

Allowance for Loan and Lease Losses, Real Estate

-

-

-

-

-

-

68

68

68

68

5

5

6

6

-

-

-

0

-

0

0

-

-

-

-

-

-

0

-

-

0

0

0

-

1

1

1

1

1

5

5

Real Estate Investments, Net

30,375

31,119

29,705

31,064

28,592

28,420

28,438

25,738

25,941

26,171

26,389

25,990

25,803

26,563

27,528

26,690

26,938

26,888

25,349

25,464

24,545

22,851

21,959

21,912

21,617

21,680

21,606

19,964

18,879

17,423

15,785

15,065

14,561

13,942

12,962

12,416

9,878

8,590

7,155

6,543

6,080

Other assets:
Investments in unconsolidated entities

702

583

556

519

484

482

423

450

440

445

407

425

416

457

479

543

545

542

558

569

715

744

656

680

668

479

475

768

781

438

456

460

239

241

239

250

250

237

213

181

5

Goodwill

68

68

68

68

68

68

68

68

68

68

68

68

68

68

68

68

68

68

68

68

68

68

68

68

68

68

68

68

68

68

68

68

68

68

68

51

51

51

-

-

0

Deferred loan expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

64

65

63

-

72

65

68

70

68

71

73

66

57

60

57

58

59

48

48

32

29

31

22

Cash and Cash Equivalents, at Carrying Value

303

284

265

268

249

215

191

215

202

243

236

442

380

419

428

466

355

360

292

217

202

473

998

207

185

158

164

512

269

1,033

1,382

204

469

163

136

328

2,667

131

181

55

35

Restricted Cash

89

100

64

91

158

100

90

57

61

65

59

45

42

187

83

58

62

61

74

72

85

79

118

65

67

72

80

212

225

107

140

79

83

69

56

42

38

79

61

59

23

Straight-line rent receivable

449

466

432

419

395

367

388

367

406

389

393

370

348

342

455

449

425

395

366

336

307

279

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Receivables and other assets

934

757

770

716

688

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total other assets

2,547

2,261

2,158

2,083

2,044

686

650

721

626

560

626

632

708

826

812

688

692

706

682

611

641

466

668

574

534

553

585

598

490

411

391

407

381

380

337

342

322

328

252

208

199

Total other assets

-

-

-

-

-

1,921

1,811

1,880

1,805

1,773

1,790

1,984

1,963

2,301

2,328

2,274

2,149

2,135

2,106

1,942

2,083

2,111

2,582

1,661

1,593

1,403

1,443

2,232

1,909

2,126

2,496

1,281

1,298

982

898

1,064

3,379

860

737

536

286

Assets

32,923

33,380

31,863

33,148

30,637

30,342

30,249

27,618

27,746

27,944

28,180

27,975

27,767

28,865

29,856

28,964

29,088

29,023

27,456

27,407

26,629

24,962

24,541

23,573

23,211

23,083

23,049

22,196

20,788

19,549

18,282

16,347

15,859

14,924

13,861

13,480

13,258

9,451

7,893

7,079

6,367

Liabilities and Equity [Abstract]
Liabilities:
Long-term Line of Credit

844

1,587

1,334

1,869

419

1,147

1,312

540

865

719

420

385

522

645

1,350

745

645

835

490

350

410

0

0

0

562

130

847

0

710

0

0

393

5

610

390

0

0

300

0

206

140

Senior unsecured notes

10,218

10,336

9,730

10,606

9,632

9,603

9,655

8,373

7,924

8,331

8,315

8,250

8,188

8,161

8,688

8,711

8,828

8,548

7,926

8,060

7,518

7,729

7,305

7,411

7,377

7,379

6,395

6,604

6,610

6,114

4,921

4,910

4,436

4,434

4,432

4,429

4,427

3,034

2,585

2,135

1,653

Secured Debt

2,901

2,990

2,623

2,675

2,660

2,476

2,465

2,450

2,488

2,608

2,713

2,670

2,669

3,477

3,317

3,442

3,515

3,509

2,975

3,066

3,010

2,963

2,893

2,850

2,917

3,058

3,115

2,875

2,452

2,336

2,314

2,299

2,353

2,112

1,888

1,889

1,711

1,125

885

813

620

Lease, Liability

464

473

454

469

426

70

71

71

71

72

72

73

73

73

74

74

75

75

75

75

75

84

83

83

84

84

84

79

80

81

82

81

83

83

82

83

8

8

-

-

0

Accrued expenses and other liabilities

997

1,009

1,025

1,076

1,000

1,034

1,074

984

948

911

1,027

893

817

827

767

728

665

697

686

650

604

626

677

678

612

640

660

539

518

462

405

400

393

371

342

325

334

244

201

187

145

Total liabilities

15,427

16,398

15,167

16,695

14,138

14,331

14,579

12,420

12,298

12,643

12,548

12,273

12,271

13,185

14,198

13,701

13,728

13,664

12,154

12,202

11,618

11,403

10,959

11,023

11,554

11,292

11,103

10,099

10,372

8,993

7,724

8,085

7,271

7,612

7,135

6,729

6,482

4,714

3,672

3,342

2,559

Redeemable noncontrolling interests

429

475

470

483

450

424

400

398

388

375

386

388

385

398

393

394

359

183

164

159

92

86

76

35

34

35

31

32

33

34

35

34

34

33

32

18

4

4

-

-

0

Equity:
Preferred stock

-

-

0

0

0

718

718

718

718

718

718

718

718

1,006

1,006

1,006

1,006

1,006

1,006

1,006

1,006

1,006

1,006

1,006

1,006

1,017

1,022

1,022

1,022

1,022

1,022

1,022

1,297

1,010

1,010

1,010

1,010

291

275

286

288

Common stock

418

411

406

406

404

384

376

372

372

372

371

369

365

363

362

357

356

354

353

351

350

328

327

308

291

289

288

285

261

260

259

214

213

192

178

177

176

147

135

124

123

Capital in excess of par value

20,818

20,190

19,796

19,740

19,654

18,424

17,889

17,661

17,667

17,662

17,564

17,439

17,134

16,999

16,983

16,625

16,589

16,478

16,381

16,300

16,218

14,740

14,665

13,524

12,494

12,418

12,349

12,263

10,599

10,543

10,502

8,129

8,088

7,019

6,384

6,314

6,280

4,932

4,429

3,937

3,900

Treasury stock

86

78

78

74

74

68

68

68

68

64

62

62

62

54

52

51

51

44

44

-41

-41

35

-35

-32

-26

21

21

21

21

17

17

17

17

13

13

13

13

11

11

11

7

Cumulative net income

7,659

7,353

7,129

6,539

6,402

6,121

6,008

5,932

5,765

5,316

5,416

5,330

5,130

4,803

4,454

4,102

3,891

3,725

3,576

3,378

3,049

2,842

2,637

2,484

2,396

2,329

2,301

2,264

2,256

2,184

2,077

2,023

1,952

1,893

1,849

1,795

1,708

1,676

1,636

1,630

1,547

Cumulative dividends

12,579

12,223

11,870

11,516

11,163

10,818

10,478

10,142

9,807

9,471

9,138

8,805

8,474

8,144

7,816

7,491

7,168

6,846

6,537

-6,230

-5,924

5,635

-5,358

-5,096

-4,848

4,600

4,363

4,127

3,910

3,694

3,485

3,309

3,134

2,972

2,826

2,682

2,538

2,427

2,329

2,237

2,057

Accumulated other comprehensive income (loss)

-96

-112

-117

-100

-144

-129

-138

-132

-91

-111

-141

-163

-177

-169

-151

-159

-109

-88

-94

-81

-107

-77

-52

-18

-25

-24

-23

-49

-33

-11

-10

-13

-11

-11

-10

-10

-10

-11

-11

-8

-2

Other equity

0

0

0

0

0

0

0

0

0

0

1

1

1

3

3

3

4

4

3

4

4

5

6

6

6

6

5

5

-5

6

-7

-7

-7

-6

-6

-6

-6

-5

-5

-5

-4

Total Welltower Inc. stockholders’ equity

16,132

15,540

15,266

14,994

15,078

14,632

14,307

14,341

14,558

14,423

14,729

14,828

14,636

14,806

14,789

14,393

14,519

14,590

14,645

14,687

14,555

13,175

13,195

12,182

11,294

11,414

11,560

11,644

10,180

10,294

10,356

8,058

8,396

7,124

6,578

6,598

6,620

4,602

4,130

3,726

3,797

Noncontrolling interests

933

966

959

975

969

954

961

458

500

502

514

484

474

475

474

475

480

585

492

358

362

297

309

332

328

341

353

419

202

225

166

169

157

153

114

134

150

130

90

10

10

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

17,066

16,506

16,225

15,969

16,047

15,586

15,269

14,800

15,059

14,925

15,244

15,313

15,110

15,281

15,264

14,868

14,999

15,175

15,137

15,045

14,917

13,473

13,505

12,514

11,622

11,756

11,914

12,064

10,383

10,520

10,522

8,227

8,554

7,278

6,693

6,733

6,770

4,733

4,220

3,737

3,807

Total liabilities and equity

32,923

33,380

31,863

33,148

30,637

30,342

30,249

27,618

27,746

27,944

28,180

27,975

27,767

28,865

29,856

28,964

29,088

29,023

27,456

27,407

26,629

24,962

24,541

23,573

23,211

23,083

23,049

22,196

20,788

19,549

18,282

16,347

15,859

14,924

13,861

13,480

13,258

9,451

7,893

7,079

6,367