2013 Q4 Form 10-Q Financial Statement

#000110465913079086 Filed on October 30, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2012 Q3
Revenue $200.3M $187.3M $156.1M
YoY Change 4.5% 19.96% 37.3%
Cost Of Revenue $77.00M $74.70M $46.80M
YoY Change 6.06% 59.62% 131.68%
Gross Profit $123.4M $112.5M $109.3M
YoY Change 3.61% 2.93% 16.9%
Gross Profit Margin 61.6% 60.08% 70.02%
Selling, General & Admin $8.000M $7.800M $8.400M
YoY Change 8.11% -7.14% 27.27%
% of Gross Profit 6.48% 6.93% 7.69%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $38.50M $38.47M $35.28M
YoY Change 4.05% 9.06% 22.38%
% of Gross Profit 31.2% 34.2% 32.27%
Operating Expenses $46.60M $46.30M $43.60M
YoY Change 6.39% 6.19% 23.16%
Operating Profit $76.80M $65.87M $61.38M
YoY Change 1.99% 7.32% 12.6%
Interest Expense -$29.10M $29.41M $30.42M
YoY Change -1.69% -3.33% 23.0%
% of Operating Profit -37.89% 44.64% 49.56%
Other Income/Expense, Net
YoY Change
Pretax Income $80.50M $37.02M $24.77M
YoY Change 84.21% 49.45% -17.99%
Income Tax $200.0K $125.0K $43.00K
% Of Pretax Income 0.25% 0.34% 0.17%
Net Earnings $72.20M $37.00M $25.60M
YoY Change 61.88% 44.53% -14.67%
Net Earnings / Revenue 36.04% 19.76% 16.4%
Basic Earnings Per Share $0.38 $0.20 $0.15
Diluted Earnings Per Share $383.6K $196.7K $146.5K
COMMON SHARES
Basic Shares Outstanding 188.2M shares 188.1M shares 174.7M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q4 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $39.20M $52.30M $21.00M
YoY Change -7.55% 149.05% -21.64%
Cash & Equivalents $39.23M $52.26M $20.99M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $39.20M $52.30M $21.00M
YoY Change -35.42% 149.05% -71.93%
LONG-TERM ASSETS
Property, Plant & Equipment $4.423B $4.390B $4.372B
YoY Change 2.74% 0.4% 18.45%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $5.900M $5.800M
YoY Change -80.84%
Other Assets $40.50M $39.10M $41.70M
YoY Change 4.38% -6.24% 39.0%
Total Long-Term Assets $4.725B $4.755B $4.625B
YoY Change 0.81% 2.8% 17.74%
TOTAL ASSETS
Total Short-Term Assets $39.20M $52.30M $21.00M
Total Long-Term Assets $4.725B $4.755B $4.625B
Total Assets $4.765B $4.807B $4.646B
YoY Change 0.35% 3.47% 16.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $15.80M $21.80M $22.00M
YoY Change 0.0% -0.91% 38.36%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $15.80M $21.80M $22.00M
YoY Change -42.12% -0.91% 38.36%
LONG-TERM LIABILITIES
Long-Term Debt $1.893B $1.921B $1.868B
YoY Change -5.67% 2.83% 16.42%
Other Long-Term Liabilities $79.10M $88.10M $85.20M
YoY Change 17.01% 3.4% 16.55%
Total Long-Term Liabilities $1.972B $2.009B $1.954B
YoY Change -4.93% 2.85% 16.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $15.80M $21.80M $22.00M
Total Long-Term Liabilities $1.972B $2.009B $1.954B
Total Liabilities $1.988B $2.031B $1.975B
YoY Change -5.41% 2.8% 16.63%
SHAREHOLDERS EQUITY
Retained Earnings $1.195B $1.123B $999.2M
YoY Change 14.48% 12.37%
Common Stock $3.499B $3.499B $3.235B
YoY Change 8.17% 8.17%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.777B $2.776B $2.671B
YoY Change
Total Liabilities & Shareholders Equity $4.765B $4.807B $4.646B
YoY Change 0.35% 3.47% 16.06%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $72.20M $37.00M $25.60M
YoY Change 61.88% 44.53% -14.67%
Depreciation, Depletion And Amortization $38.50M $38.47M $35.28M
YoY Change 4.05% 9.06% 22.38%
Cash From Operating Activities $58.50M $97.30M $92.50M
YoY Change 32.05% 5.19% 156.23%
INVESTING ACTIVITIES
Capital Expenditures -$60.00M -$86.90M -$141.5M
YoY Change -26.38% -38.59% -33.38%
Acquisitions
YoY Change
Other Investing Activities $90.00M $2.600M $1.000M
YoY Change 160.0% -102.56%
Cash From Investing Activities $30.00M -$84.30M -$140.5M
YoY Change -136.81% -40.0% -44.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $287.1M
YoY Change 15.98%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -101.5M 2.000M 48.60M
YoY Change -273.21% -95.88% -77.3%
NET CHANGE
Cash From Operating Activities 58.50M 97.30M 92.50M
Cash From Investing Activities 30.00M -84.30M -140.5M
Cash From Financing Activities -101.5M 2.000M 48.60M
Net Change In Cash -13.00M 15.00M 600.0K
YoY Change -160.75% 2400.0% -146.15%
FREE CASH FLOW
Cash From Operating Activities $58.50M $97.30M $92.50M
Capital Expenditures -$60.00M -$86.90M -$141.5M
Free Cash Flow $118.5M $184.2M $234.0M
YoY Change -5.8% -21.28% -5.84%

Facts In Submission

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CY2012Q3 snh Other Comprehensive Income Loss Attributable To Equity Method Investee Net Of Tax
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-35000 USD
snh Other Comprehensive Income Loss Attributable To Equity Method Investee Net Of Tax
OtherComprehensiveIncomeLossAttributableToEquityMethodInvesteeNetOfTax
68000 USD
snh Other Comprehensive Income Loss Attributable To Equity Method Investee Net Of Tax
OtherComprehensiveIncomeLossAttributableToEquityMethodInvesteeNetOfTax
-31000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
215559000 USD
CY2012Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
33180000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
81084000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
99695000 USD
CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
188102000 shares
CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
174690000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
186942000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
166698000 shares
CY2013Q3 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.20
CY2012Q3 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.14
us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.55
us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.53
CY2012Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.01
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
-0.13
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.02
CY2013Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.20
CY2012Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.15
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.42
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.55
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
4559000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
4494000 USD
us-gaap Straight Line Rent
StraightLineRent
5256000 USD
us-gaap Straight Line Rent
StraightLineRent
10248000 USD
snh Amortization Of Intangible Assets And Liabilities
AmortizationOfIntangibleAssetsAndLiabilities
2793000 USD
us-gaap Depreciation
Depreciation
115274000 USD
us-gaap Depreciation
Depreciation
104487000 USD
snh Amortization Of Intangible Assets And Liabilities
AmortizationOfIntangibleAssetsAndLiabilities
746000 USD
snh Asset Impairment Charges Cash Flow Effect
AssetImpairmentChargesCashFlowEffect
33571000 USD
snh Asset Impairment Charges Cash Flow Effect
AssetImpairmentChargesCashFlowEffect
3071000 USD
us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
614000 USD
us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
4249000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-13978000 USD
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
350000000 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
6006000 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-263000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
12884000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
29430000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
248180000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
239012000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
255769000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
29645000 USD
us-gaap Proceeds From Sale And Collection Of Loans Receivable
ProceedsFromSaleAndCollectionOfLoansReceivable
38000000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
1041000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-183045000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-246373000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
261813000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
287052000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
509000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
225000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
454000000 USD
us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
225000000 USD
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
259400000 USD
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
33261000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
3252000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
12186000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
190680000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-55259000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
4786000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
9876000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-2575000 USD
us-gaap Interest Paid
InterestPaid
79552000 USD
us-gaap Interest Paid
InterestPaid
83195000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
536000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
389000 USD
us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
-12266000 USD
us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
-112153000 USD
us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
12266000 USD
us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
112153000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2538000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2138000 USD
CY2012Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
20985000 USD
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
23560000 USD
dei Entity Registrant Name
EntityRegistrantName
SENIOR HOUSING PROPERTIES TRUST
dei Entity Central Index Key
EntityCentralIndexKey
0001075415
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2013-09-30
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2013Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
188168168 shares
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
4 item
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 item
snh Number Of Rehabilitation Hospitals
NumberOfRehabilitationHospitals
2 item
CY2013Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2012Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
snh Number Of Real Estate Properties Impaired
NumberOfRealEstatePropertiesImpaired
11 item
CY2013Q3 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
1141000 USD

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