2013 Q1 Form 10-K Financial Statement

#000119312513129624 Filed on March 27, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2012 2011 Q4
Revenue $7.802M $7.385M
YoY Change 729.12%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $609.0K $1.506M
YoY Change 58.13% -14.48%
Operating Profit -$866.0K -$6.043M -$1.761M
YoY Change -50.2% 242.96%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$2.956M -$4.694M
YoY Change 338.1% -234800.0%
Pretax Income -$3.822M -$10.74M
YoY Change 58.37% 510.06%
Income Tax -$13.00K -$17.00K
% Of Pretax Income
Net Earnings -$3.809M -$10.72M -$1.760M
YoY Change 57.85% 509.09%
Net Earnings / Revenue -48.82% -145.16%
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 24.94M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q1 2012 2011 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles $6.548M
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $339.2M $10.56M
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities
Total Liabilities $138.2M $860.9K
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings -$16.29M -$1.760M
YoY Change
Common Stock $259.9K $13.58K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $452.0M $9.702M
YoY Change
Total Liabilities & Shareholders Equity $339.2M $10.56M
YoY Change

Cashflow Statement

Concept 2013 Q1 2012 2011 Q4
OPERATING ACTIVITIES
Net Income -$3.809M -$10.72M -$1.760M
YoY Change 57.85% 509.09%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $212.0K -$6.369M
YoY Change -110.85% 487.0%
INVESTING ACTIVITIES
Capital Expenditures $241.8M
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$9.316M -$315.6M
YoY Change -89.57% 78811.75%
FINANCING ACTIVITIES
Cash Dividend Paid $987.0K $1.459M
YoY Change 992.99% 5110.71%
Common Stock Issuance & Retirement, Net -$72.61M -$166.5M
YoY Change -363.2% -1355.5%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 4.621M 330.3M
YoY Change -94.65% 2826.42%
NET CHANGE
Cash From Operating Activities 212.0K -6.369M
Cash From Investing Activities -9.316M -315.6M
Cash From Financing Activities 4.621M 330.3M
Net Change In Cash -4.483M 8.260M
YoY Change -8.27% -15.72%
FREE CASH FLOW
Cash From Operating Activities $212.0K -$6.369M
Capital Expenditures $241.8M
Free Cash Flow -$248.2M
YoY Change

Facts In Submission

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BusinessAcquisitionProFormaEarningsLossPerShareBasicAndDiluted
1.41
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915780
CY2011 ck0001496454 Return Of Capital Dividends Percentage
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0.981 pure
CY2011 ck0001496454 Stock Issuance And Other Offering Costs Incurred Unpaid
StockIssuanceAndOtherOfferingCostsIncurredUnpaid
123582
CY2011 ck0001496454 Dividends Common Stock Stock Declared
DividendsCommonStockStockDeclared
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CY2012 dei Entity Registrant Name
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CY2012 dei Entity Current Reporting Status
EntityCurrentReportingStatus
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CY2012 dei Amendment Flag
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CY2012 dei Entity Filer Category
EntityFilerCategory
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CY2012 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2012 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
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DocumentFiscalYearFocus
2012
CY2012 dei Document Type
DocumentType
10-K
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DocumentPeriodEndDate
2012-12-31
CY2012 dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2010-06-08
CY2012 dei Entity Central Index Key
EntityCentralIndexKey
0001496454
CY2012 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
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CurrentFiscalYearEndDate
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3300000
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BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
7400000
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EquityMethodInvestmentNetSalesProceeds
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DirectCostsOfLeasedAndRentedPropertyOrEquipment
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AssetManagementCosts
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IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
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RealEstateTaxExpense
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BusinessAcquisitionsProFormaRevenue
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CY2012 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.3489 pure
CY2012 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1569555
CY2012 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
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CY2012 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
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CY2012 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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EarningsPerShareBasicAndDiluted
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DistributionMadeToMemberOrLimitedPartnerCashDistributionsDeclared
3124366
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CY2012 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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CurrentFederalTaxExpenseBenefit
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CY2012 us-gaap Depreciation And Amortization
DepreciationAndAmortization
2100570
CY2012 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0015 pure
CY2012 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
6584774
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2012 us-gaap Equity Method Investment Summarized Financial Information Income Loss From Continuing Operations Before Extraordinary Items
EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromContinuingOperationsBeforeExtraordinaryItems
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CY2012 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2012 us-gaap Investment Income Interest
InvestmentIncomeInterest
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CY2012 us-gaap Income Taxes Paid
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CY2012 us-gaap Dividends Common Stock
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CY2012 us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
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DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2012 us-gaap Stock Issued During Period Value New Issues
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PaymentsOfDividendsCommonStock
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CY2012 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2012 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
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CY2012 us-gaap Health Care Organization Resident Service Revenue
HealthCareOrganizationResidentServiceRevenue
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CY2012 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
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CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
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CY2012 us-gaap Interest And Other Income
InterestAndOtherIncome
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CY2012 us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
-843370
CY2012 us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
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CY2012 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
10474
CY2012 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
330276188
CY2012 us-gaap Interest And Debt Expense
InterestAndDebtExpense
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CY2012 us-gaap Income Loss Attributable To Parent
IncomeLossAttributableToParent
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CY2012 us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
4878979
CY2012 us-gaap Interest Costs Incurred
InterestCostsIncurred
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CY2012 us-gaap Amortization Of Deferred Leasing Fees
AmortizationOfDeferredLeasingFees
1398
CY2012 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
100000
CY2012 us-gaap Operating Expenses
OperatingExpenses
1775251
CY2012 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-821
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
-0.3500 pure
CY2012 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
22917356
CY2012 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1142668
CY2012 us-gaap Revenues
Revenues
7384995
CY2012 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.39996
CY2012 us-gaap Dividends Common Stock Stock
DividendsCommonStockStock
2398
CY2012 us-gaap Interest Paid
InterestPaid
3377062
CY2012 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
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CY2012 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
-999769
CY2012 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-7773137
CY2012 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
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DeferredIncomeTaxExpenseBenefit
-31385
CY2012 us-gaap Asset Management Fees
AssetManagementFees
10000
CY2012 us-gaap Net Income Loss
NetIncomeLoss
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CY2012 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
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CY2012 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-4694489
CY2012 us-gaap Cost Of Reimbursable Expense
CostOfReimbursableExpense
8642155
CY2012 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
71628409
CY2012 us-gaap Common Stock Dividends Shares
CommonStockDividendsShares
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CY2012 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
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FiniteLivedIntangibleAssetUsefulLife
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CY2012 us-gaap Owned Property Management Costs
OwnedPropertyManagementCosts
404458
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-17252
CY2012 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px; MARGIN-LEFT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Use of Estimates</i></b> <b>&#x2014;</b> The preparation of financial statements in conformity with U.S. generally accepted accounting principles (&#x201C;GAAP&#x201D;) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated financial statements, the reported amounts of revenues and expenses during the reporting periods and the disclosure of contingent liabilities. For example, significant assumptions are made in the allocation of purchase price, and the analysis of real estate impairments. Accordingly, actual results could differ from those estimates.</font></p> </div>
CY2012 us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
1738897
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PaymentsOfDividends
1458503
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AmortizationOfIntangibleAssets
100000
CY2012 ck0001496454 Offering Costs
OfferingCosts
6866904
CY2012 ck0001496454 Fees And Commission Expenses
FeesAndCommissionExpenses
12027115
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LeaseExpirationYear
2022
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LeaseTerm
P3M
CY2012 ck0001496454 Real Estate Depreciation Expense
RealEstateDepreciationExpense
2000000
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DeferredIncomeTaxesExpenseBenefit
-31385
CY2012 ck0001496454 Cash And Cash Equivalents Original Maturity Period
CashAndCashEquivalentsOriginalMaturityPeriod
P3M
CY2012 ck0001496454 Asset Management Fees Percentage
AssetManagementFeesPercentage
0.0008334 pure
CY2012 ck0001496454 Investment Advisory Fees Percentage
InvestmentAdvisoryFeesPercentage
0.0185 pure
CY2012 ck0001496454 Percentage Of Variable Interest Rate Added To Federal Funds Effective Rate
PercentageOfVariableInterestRateAddedToFederalFundsEffectiveRate
0.005 pure
CY2012 ck0001496454 Dealer Manager Fees Percentage On Gross Proceeds From Public Offering
DealerManagerFeesPercentageOnGrossProceedsFromPublicOffering
0.03 pure
CY2012 ck0001496454 Dealer Manager Selling Commissions Percentage On Gross Proceeds From Public Offering
DealerManagerSellingCommissionsPercentageOnGrossProceedsFromPublicOffering
0.07 pure
CY2012 ck0001496454 Disposition Fee One Half Commission
DispositionFeeOneHalfCommission
0.50 pure
CY2012 ck0001496454 Disposition Fee Percent Fee
DispositionFeePercentFee
0.01 pure
CY2012 ck0001496454 Financing Coordination Fee Percent Fee
FinancingCoordinationFeePercentFee
0.010 pure
CY2012 ck0001496454 Cumulative Non Compounded Annual Return On Such Stockholders Invested Capital
CumulativeNonCompoundedAnnualReturnOnSuchStockholdersInvestedCapital
0.06 pure
CY2012 ck0001496454 Operating Expenses Reimbursement Percentage Of Average Investment In Assets
OperatingExpensesReimbursementPercentageOfAverageInvestmentInAssets
0.02 pure
CY2012 ck0001496454 Operating Expenses Reimbursement Percentage Of Net Income
OperatingExpensesReimbursementPercentageOfNetIncome
0.25 pure
CY2012 ck0001496454 Minimum Purchase Price
MinimumPurchasePrice
0.10 pure
CY2012 ck0001496454 Percentage Of Leased Properties In Rental Income And Other Property Revenues
PercentageOfLeasedPropertiesInRentalIncomeAndOtherPropertyRevenues
1.00 pure
CY2012 ck0001496454 Percentage Of Property Disposition Fee On Contract Sales Price
PercentageOfPropertyDispositionFeeOnContractSalesPrice
0.01 pure
CY2012 ck0001496454 Financing Coordination Fee
FinancingCoordinationFee
551910
CY2012 ck0001496454 Construction Management Fees
ConstructionManagementFees
700000
CY2012 ck0001496454 Notice Period To Cancel Rental Agreement
NoticePeriodToCancelRentalAgreement
P30D
CY2012 ck0001496454 Acquisition Fees And Expenses Related To Selection Acquisition Development And Construction Of Properties
AcquisitionFeesAndExpensesRelatedToSelectionAcquisitionDevelopmentAndConstructionOfProperties
10600000
CY2012 ck0001496454 Base Term Of Triple Net Leases With Senior Housing Properties
BaseTermOfTripleNetLeasesWithSeniorHousingProperties
P10Y
CY2012 ck0001496454 Acquisition Fees And Expenses Capitalized As Construction In Process
AcquisitionFeesAndExpensesCapitalizedAsConstructionInProcess
700000
CY2012 ck0001496454 Business Acquisition Pro Forma Earnings Loss Per Share Basic And Diluted
BusinessAcquisitionProFormaEarningsLossPerShareBasicAndDiluted
0.67
CY2012 ck0001496454 Business Acquisition Pro Forma Weighted Average Number Basic And Diluted Shares Outstanding
BusinessAcquisitionProFormaWeightedAverageNumberBasicAndDilutedSharesOutstanding
11600663 shares
CY2012 ck0001496454 Construction Management Fee
ConstructionManagementFee
43099
CY2012 ck0001496454 Distributions Received By Company
DistributionsReceivedByCompany
1607337
CY2012 ck0001496454 Income Loss Allocable To Venture Partner Relating To Operations Of Properties
IncomeLossAllocableToVenturePartnerRelatingToOperationsOfProperties
-2174609
CY2012 ck0001496454 Investment Services Fees
InvestmentServicesFees
18699065
CY2012 ck0001496454 Lender Deposits
LenderDeposits
137501
CY2012 ck0001496454 Loan Cost Amortization On Development Properties
LoanCostAmortizationOnDevelopmentProperties
56170
CY2012 ck0001496454 Marketing Support Fees
MarketingSupportFees
4956925
CY2012 ck0001496454 Offering And Stock Issuance Costs
OfferingAndStockIssuanceCosts
23400000
CY2012 ck0001496454 Operating Term Of Senior Living Properties
OperatingTermOfSeniorLivingProperties
P5Y
CY2012 ck0001496454 Percentage Of Cash Distribution To Stockholders
PercentageOfCashDistributionToStockholders
0.57 pure
CY2012 ck0001496454 Percentage Of Preferred Return On Capital Contributions
PercentageOfPreferredReturnOnCapitalContributions
0.11 pure
CY2012 ck0001496454 Percentage Of Prepayment Penalty
PercentageOfPrepaymentPenalty
0.01 pure
CY2012 ck0001496454 Selling Commissions
SellingCommissions
7070190
CY2012 ck0001496454 Two Additional Five Year Renewal Options
TwoAdditionalFiveYearRenewalOptions
2 pure
CY2012 ck0001496454 Loan Costs Incurred Unpaid
LoanCostsIncurredUnpaid
136351
CY2012 ck0001496454 Construction Management Fee Percent Fee
ConstructionManagementFeePercentFee
0.05 pure
CY2012 ck0001496454 Return Of Capital Dividends Percentage
ReturnOfCapitalDividendsPercentage
1.000 pure
CY2012 ck0001496454 Stock Issuance And Other Offering Costs Incurred Unpaid
StockIssuanceAndOtherOfferingCostsIncurredUnpaid
595456
CY2012 ck0001496454 Initial Public Offering Extension Period
InitialPublicOfferingExtensionPeriod
P180D
CY2012 ck0001496454 Dividends Common Stock Stock Declared
DividendsCommonStockStockDeclared
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OperatingIncomeLoss
-1738562
CY2012Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
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CY2012Q1 us-gaap Revenues
Revenues
941515
CY2012Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
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CY2012Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2012Q2 us-gaap Operating Income Loss
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CY2012Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
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IncomeLossFromEquityMethodInvestments
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CY2012Q2 us-gaap Revenues
Revenues
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CY2012Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
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CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2012Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2012Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.22
CY2012Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
307291
CY2012Q3 us-gaap Revenues
Revenues
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CY2012Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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EarningsPerShareBasicAndDiluted
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ProceedsFromIssuanceInitialPublicOffering
100000
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IncomeLossFromEquityMethodInvestments
1609005
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Revenues
2598339
CY2012Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
15455170 shares
CY2012Q4 us-gaap Net Income Loss
NetIncomeLoss
-4894568

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