Welltower inc. (WELL)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Revenues:
Revenue from contract with customer

5,121

4,700

4,316

4,281

3,859

3,343

2,880

1,805

1,313

569

475

489

Operating Lease, Lease Income

1,588

1,380

1,445

1,648

1,598

1,405

1,227

1,063

804

470

427

439

Expenses:
Property operating expenses

2,690

2,433

2,083

1,876

1,622

1,403

1,206

567

375

77

41

41

Depreciation and amortization

1,027

950

921

901

826

844

865

506

386

161

125

131

Interest expense

555

526

484

521

492

481

458

361

290

130

86

121

General and administrative expenses

126

126

122

155

147

142

108

97

77

54

49

47

Transaction costs

-

-

-

42

110

69

133

61

70

46

0

-

Loss (gain) on derivatives and financial instruments, net

4

4

-2

2

58

1

-4

-1

0

0

0

-23

Loss (gain) on extinguishment of debt, net

-84

-16

-37

-17

-34

-9

0

0

0

-34

-25

2

Provision for loan losses

18

0

62

10

0

0

2

27

2

29

23

0

Asset Impairment Charges

28

115

124

37

2

0

0

29

12

0

25

32

Other expenses

52

112

177

11

46

10

0

0

-

-

-

-

Total expenses

4,578

4,277

4,017

3,571

3,223

2,959

2,778

1,619

1,200

535

351

362

Income (loss) from continuing operations before income taxes and other items

542

423

299

709

636

384

102

185

112

34

123

127

Income tax (expense) benefit

2

8

20

-19

6

-1

7

7

-1

0

0

1

Income (Loss) from Equity Method Investments

42

-0

-83

-10

-21

-27

-8

2

5

6

0

-

Discontinued operations:
Gain (loss) on sales of properties, net

-

-

-

-

-

6

49

100

61

36

43

163

Income (loss) from discontinued operations

-

-

-

-

-

0

2

42

47

53

50

25

Discontinued operations, net

-

-

-

-

-

7

51

114

96

88

69

157

Gain (loss) on real estate dispositions, net

748

415

344

364

280

147

0

0

-

-

-

-

Income (loss) from continuing operations

1,330

829

540

1,082

608

358

86

180

116

40

123

126

Net income (loss)

1,330

829

540

1,082

888

512

138

294

212

128

192

283

Less: Preferred stock dividends

0

46

49

65

65

65

66

69

60

21

22

23

Preferred Stock Redemption Premium

0

0

9

0

0

-

-

6

0

0

-

-

Less: Net income (loss) attributable to noncontrolling interests

97

24

17

4

4

0

-6

-2

-4

0

-0

0

Net income (loss) attributable to common stockholders

1,232

758

463

1,012

818

446

78

221

157

106

171

260

Average number of common shares outstanding:
Basic (in shares)

401

373

367

358

348

306

276

224

173

127

114

93

Diluted (in shares)

403

375

369

360

349

307

278

225

174

128

114

94

Earnings Per Share [Abstract]
Basic:
Income (loss) from continuing operations (in USD per share)

3.31

2.22

1.47

3.02

1.75

1.44

0.10

0.48

0.35

0.14

0.89

1.10

Discontinued operations, net

-

-

-

-

-

0.02

0.19

0.51

0.55

0.69

0.61

1.68

Net income (loss) attributable to common stockholders (in USD per share)

3.07

2.03

1.26

2.83

2.35

1.46

0.28

0.99

0.90

0.84

1.50

2.77

Diluted:
Income (loss) from continuing operations (in USD per share)

3.29

2.21

1.47

3.00

1.74

1.43

0.10

0.48

0.35

0.14

0.89

1.09

Discontinued operations, net

-

-

-

-

-

0.02

0.19

0.50

0.55

0.69

0.60

1.67

Net income (loss) attributable to common stockholders (in USD per share)

3.05

2.02

1.26

2.81

2.34

1.45

0.28

0.98

0.90

0.83

1.49

2.76

Resident fees and services
Revenue from contract with customer

3,448

3,234

2,779

2,504

2,158

1,892

1,616

697

456

51

0

-

Interest income
Revenue from contract with customer

63

55

73

97

84

37

32

39

41

40

40

40

Other income
Revenue from contract with customer

20

29

17

29

18

7

4

5

11

7

7

10