WELLTOWER INC. WELL Income Statement

Welltower inc. (WELL)

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	Sep'09	Jun'09
Revenues:
Revenue from contract with customer
5,107	5,121	5,099	5,069	4,875	4,700	4,563	4,418	4,351	4,316	4,290	4,278	4,296	4,281	4,232	4,132	4,012	3,859	3,698	3,566	3,435	3,343	3,264	3,200	3,052	2,880	2,578	2,256	2,016	1,805	1,610	1,533	1,475	1,313	1,122	906	679	569	608	578	0	0	0
Operating Lease, Lease Income
1,597	1,588	1,539	1,470	1,418	1,380	1,380	1,400	1,422	1,445	1,474	1,533	1,600	1,648	1,672	1,661	1,635	1,598	1,552	1,497	1,448	1,405	1,366	1,320	1,271	1,227	1,171	1,141	1,105	1,063	936	909	885	804	707	602	504	470	550	533	0	0	0
Expenses:
Property operating expenses
2,701	2,690	2,678	2,679	2,547	2,433	2,330	2,197	2,130	2,083	2,030	1,980	1,937	1,876	1,820	1,755	1,695	1,622	1,546	1,492	1,438	1,403	1,374	1,361	1,295	1,206	1,031	834	692	567	515	475	439	375	301	217	129	77	56	47	0	0	0
Depreciation and amortization
1,057	1,027	1,007	977	966	950	946	933	921	921	911	899	900	901	896	883	866	826	798	793	799	844	890	930	914	865	753	640	570	506	463	451	433	386	327	260	194	161	172	161	0	0	0
Interest expense
552	555	568	568	549	526	509	493	488	484	483	490	506	521	526	517	504	492	481	479	481	481	484	481	470	458	423	399	381	361	332	328	320	290	254	209	161	130	134	117	0	0	0
General and administrative expenses
126	126	131	128	127	126	123	124	124	122	126	133	140	155	159	159	157	147	138	132	145	142	143	141	114	108	99	94	96	97	97	93	87	77	71	63	55	54	50	50	0	0	0
Transaction costs
-	-	-	-	-	-	-	-	-	-	-	-	-	42	73	63	70	110	118	122	117	69	37	47	68	133	136	121	122	61	56	54	39	70	73	87	75	46	29	8	0	0	0
Loss (gain) on derivatives and financial instruments, net
-5	4	-2	-10	-0	4	5	14	6	-2	-2	0	1	2	2	0	0	58	58	58	0	-	0	0	-	-4	4	-0	-0	-1	0	0	0	-	-	-	-	-	-	-	-	-	-
Loss (gain) on extinguishment of debt, net
-68	-84	-81	-19	-20	-16	-16	-12	-17	-37	-54	-54	-48	-17	0	-0	-19	-34	-41	-43	-25	-9	2	0	1	0	-2	1	0	0	0	0	0	-	-	-	-	-34	-60	-51	0	0	0
Provision for loan losses
7	18	18	18	18	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27	28	1	1	2	29	0	0	-	0	-	-	0	0
Asset Impairment Charges
55	28	104	92	87	115	139	132	141	124	37	47	33	37	24	14	14	2	2	2	0	-	0	0	-	-	-	-	-	-	0	-	11	12	1	0	0	-	0	-	-	0	-
Other expenses
50	52	47	129	117	112	162	173	169	177	126	26	23	11	3	13	0	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total expenses
4,625	4,578	4,638	4,626	4,435	4,277	4,285	4,116	4,051	4,017	3,792	3,671	3,635	3,571	3,536	3,433	3,373	3,223	3,077	3,026	2,959	2,959	2,949	2,970	2,866	2,778	2,444	2,115	1,888	1,619	1,491	1,401	1,322	1,200	1,029	878	661	535	534	437	0	0	0
Income (loss) from continuing operations before income taxes and other items
482	542	461	443	440	423	278	302	300	299	497	606	660	709	696	698	638	636	620	539	476	384	314	230	186	102	134	140	128	185	118	131	153	112	93	27	17	34	74	140	0	0	0
Income tax (expense) benefit
6	2	9	7	9	8	32	31	19	20	-22	-23	-15	-19	0	-2	5	6	-3	9	0	-1	20	7	7	7	-3	0	3	7	1	1	-0	-1	0	0	0	0	0	0	0	0	0
Income (Loss) from Equity Method Investments
47	42	-14	-17	-7	-0	-60	-57	-62	-83	-26	-31	-29	-10	-10	-11	-12	-21	-25	-25	-34	-27	-24	-22	-16	-8	-3	-3	3	2	3	6	5	5	6	6	7	6	4	2	0	0	0
Discontinued operations:
Gain (loss) on sales of properties, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	49	111	119	182	100	50	37	35	61	72	82	55	36	19	19	0	0	0
Income (loss) from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1	1	2	10	20	33	42	80	69	58	47	45	48	50	53	12	11	0	0	0
Discontinued operations, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	51	99	111	186	114	112	95	82	96	117	130	104	88	29	29	0	0	0
Gain (loss) on real estate dispositions, net
843	748	777	232	244	415	430	406	438	344	488	648	608	364	195	34	223	280	278	283	0	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (loss) from continuing operations
1,367	1,330	1,214	651	668	829	903	906	900	540	857	962	1,010	1,082	685	689	621	608	585	511	445	358	295	201	163	86	120	128	122	180	118	133	156	116	98	34	24	40	78	143	0	0	0
Net income (loss)
1,367	1,330	1,214	651	668	829	615	620	656	540	981	1,246	1,254	1,082	880	724	844	888	945	899	656	512	331	212	131	138	219	239	309	294	230	229	238	212	216	164	129	128	107	172	0	0	0
Less: Preferred stock dividends
-	-	11	23	-	46	46	46	46	49	54	58	63	65	65	65	65	65	65	65	65	65	65	65	66	66	66	66	66	69	69	70	71	60	48	36	24	21	21	22	0	0	0
Preferred Stock Redemption Premium
-	-	-	-	-	-	-	-	-	9	9	9	9	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	6	6	0	0	0	-	-	-	-	-	-	-	-	-	-
Less: Net income (loss) attributable to noncontrolling interests
105	97	93	43	32	24	23	19	21	17	9	9	4	4	2	0	2	4	6	5	3	0	-3	-7	-8	-6	-4	-1	-1	-2	-4	-5	-5	-4	-1	-1	-0	0	-0	0	0	0	0
Net income (loss) attributable to common stockholders
1,262	1,232	1,109	584	601	758	544	554	588	463	908	1,169	1,176	1,012	812	659	776	818	874	828	587	446	269	154	73	78	157	174	237	221	158	157	173	157	169	128	104	106	86	149	0	0	0
Average number of common shares outstanding:
Basic (in shares)
410	406	405	404	391	378	373	371	371	370	369	366	362	362	358	356	355	354	351	350	336	617	311	296	0	288	286	273	260	259	224	213	199	186	177	176	154	138	125	123	123	114	110
Diluted (in shares)
412	408	406	406	393	380	374	373	373	372	370	368	364	364	361	358	356	355	353	351	337	619	312	297	0	290	288	276	260	260	226	215	201	186	177	177	155	139	125	124	123	115	111
Earnings Per Share [Abstract]
Basic:
Income (loss) from continuing operations (in USD per share)
0.80	0.59	1.60	0.37	0.75	0.32	0.23	0.45	1.22	0.53	0.24	0.44	0.26	1.12	0.93	0.55	0.42	-0.23	0.52	0.89	0.57	0.61	0.44	0.22	0.17	0.08	0.05	0.08	-0.11	0.21	0.09	0.04	0.14	-0.05	0.21	0.21	-0.02	-0.16	-0.14	0.31	0.13	0.17	0.42
Discontinued operations, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	-	-	0.00	0.02	-	-0.04	0.02	-0.11	0.32	0.16	0.08	0.21	0.06	0.20	0.00	0.18	0.17	0.45	0.10	0.06	0.08	0.00	0.11
Net income (loss) attributable to common stockholders (in USD per share)
0.76	0.55	1.46	0.34	0.72	0.26	0.17	0.42	1.18	-0.31	0.20	0.51	0.86	0.93	0.93	0.55	0.42	0.37	0.52	0.89	0.57	0.61	0.44	0.24	0.17	0.03	0.07	-0.03	0.21	0.36	0.17	0.26	0.20	0.14	0.21	0.40	0.15	0.30	-0.04	0.37	0.21	0.17	0.53
Diluted:
Income (loss) from continuing operations (in USD per share)
0.80	0.59	1.59	0.37	0.74	0.32	0.22	0.45	1.22	0.53	0.24	0.44	0.26	1.11	0.93	0.54	0.42	-0.23	0.52	0.89	0.56	0.60	0.44	0.22	0.17	0.08	0.05	0.08	-0.11	0.21	0.09	0.04	0.14	-0.05	0.21	0.21	-0.02	-0.16	-0.14	0.31	0.13	0.16	0.42
Discontinued operations, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	-	-	0.00	0.02	-	-0.04	0.02	-0.11	0.32	0.15	0.08	0.21	0.06	0.20	0.00	0.18	0.17	0.46	0.10	0.05	0.08	0.00	0.11
Net income (loss) attributable to common stockholders (in USD per share)
0.75	0.55	1.45	0.34	0.71	0.27	0.17	0.41	1.17	-0.31	0.20	0.51	0.86	0.92	0.93	0.54	0.42	0.37	0.52	0.89	0.56	0.60	0.44	0.24	0.17	0.03	0.07	-0.03	0.21	0.38	0.16	0.25	0.19	0.15	0.21	0.39	0.15	0.29	-0.04	0.37	0.21	0.17	0.53
Common Stock, Dividends, Per Share, Cash Paid
0.87	-	0.87	0.87	0.87	-	0.87	0.87	0.87	-	0.87	0.87	0.87	-	0.86	0.86	0.86	-	0.82	0.82	0.82	-	0.79	0.79	0.79	-	0.76	0.76	0.76	-	0.74	0.74	0.74	-	0.71	0.71	0.69	-	0.69	0.68	0.68	0.68	0.68
Other comprehensive income (loss):
Foreign currency translation gain (loss)
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Derivative and financial instruments designated as hedges gain (loss)
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other comprehensive income (loss)
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total comprehensive income (loss)
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-
Less: Total comprehensive income (loss) attributable to noncontrolling interests
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total comprehensive income (loss) attributable to common stockholders
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Resident fees and services
Revenue from contract with customer
3,429	3,448	3,476	3,517	3,367	3,234	3,104	2,931	2,845	2,779	2,707	2,634	2,572	2,504	2,432	2,347	2,267	2,158	2,059	1,996	1,928	1,892	1,858	1,841	1,745	1,616	1,363	1,071	866	697	634	585	542	456	332	0	0	-	0	-	-	0	-
Interest income
Revenue from contract with customer
63	63	61	60	56	55	54	60	67	73	85	90	93	97	98	95	92	84	70	57	46	37	35	33	32	32	39	39	39	39	32	32	37	41	44	47	43	40	38	39	0	0	0
Other income
Revenue from contract with customer
16	20	22	21	34	29	24	26	16	17	23	19	29	29	28	28	17	18	15	14	12	7	5	4	3	4	3	3	4	5	5	6	10	11	12	11	9	7	5	5	0	0	0