2013 Q1 Form 10-Q Financial Statement

#000110465913036287 Filed on May 02, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2012 Q1
Revenue $511.2M $450.6M
YoY Change 13.44% 37.4%
Cost Of Revenue $72.70M $67.30M
YoY Change 8.02% 43.8%
Gross Profit $438.5M $387.6M
YoY Change 13.13% 36.33%
Gross Profit Margin 85.78% 86.02%
Selling, General & Admin $20.70M $20.10M
YoY Change 2.99% -8.64%
% of Gross Profit 4.72% 5.19%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $103.2M $85.30M
YoY Change 20.98% -6.47%
% of Gross Profit 23.53% 22.01%
Operating Expenses $123.8M $105.3M
YoY Change 17.57% -6.98%
Operating Profit $314.7M $282.3M
YoY Change 11.48% 64.99%
Interest Expense $109.1M $103.8M
YoY Change 5.16% -195.54%
% of Operating Profit 34.67% 36.75%
Other Income/Expense, Net $12.11M $436.0K
YoY Change 2677.98% -95.77%
Pretax Income $217.7M $176.5M
YoY Change 23.34% 146.48%
Income Tax $916.0K -$709.0K
% Of Pretax Income 0.42% -0.4%
Net Earnings $230.6M $193.4M
YoY Change 19.24% 175.89%
Net Earnings / Revenue 45.11% 42.92%
Basic Earnings Per Share $0.51 $0.43
Diluted Earnings Per Share $0.51 $0.43
COMMON SHARES
Basic Shares Outstanding 453.7M shares 410.0M shares
Diluted Shares Outstanding 454.6M shares 411.7M shares

Balance Sheet

Concept 2013 Q1 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $48.00M $347.0M
YoY Change -86.17% -91.3%
Cash & Equivalents $47.55M $347.4M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $32.00M $24.00M
Other Receivables $324.0M $276.0M
Total Short-Term Assets $404.0M $647.0M
YoY Change -37.56% -83.9%
LONG-TERM ASSETS
Property, Plant & Equipment $10.88B $9.335B
YoY Change 16.53% -1.46%
Goodwill $50.35M
YoY Change
Intangibles $537.7M
YoY Change
Long-Term Investments $418.0M $239.0M
YoY Change 74.9% 83.85%
Other Assets $81.00M $86.00M
YoY Change -5.81% 2.38%
Total Long-Term Assets $19.33B $17.08B
YoY Change 13.18% 26.68%
TOTAL ASSETS
Total Short-Term Assets $404.0M $647.0M
Total Long-Term Assets $19.33B $17.08B
Total Assets $19.73B $17.73B
YoY Change 11.33% 1.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $239.0M $519.0M
YoY Change -53.95% 61.18%
Accrued Expenses $1.100M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $239.0M $519.0M
YoY Change -53.95% 61.18%
LONG-TERM LIABILITIES
Long-Term Debt $8.546B $7.708B
YoY Change 10.87% 0.14%
Other Long-Term Liabilities $166.0M $188.0M
YoY Change -11.7% -11.74%
Total Long-Term Liabilities $8.712B $7.896B
YoY Change 10.33% -0.18%
TOTAL LIABILITIES
Total Short-Term Liabilities $239.0M $519.0M
Total Long-Term Liabilities $8.712B $7.896B
Total Liabilities $8.951B $8.601B
YoY Change 4.07% 2.13%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $454.4M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.58B $9.125B
YoY Change
Total Liabilities & Shareholders Equity $19.73B $17.73B
YoY Change 11.33% 1.29%

Cashflow Statement

Concept 2013 Q1 2012 Q1
OPERATING ACTIVITIES
Net Income $230.6M $193.4M
YoY Change 19.24% 175.89%
Depreciation, Depletion And Amortization $103.2M $85.30M
YoY Change 20.98% -6.47%
Cash From Operating Activities $214.4M $186.5M
YoY Change 14.95% 24.48%
INVESTING ACTIVITIES
Capital Expenditures -$64.40M -$22.30M
YoY Change 188.79% -65.95%
Acquisitions
YoY Change
Other Investing Activities $7.000M -$8.800M
YoY Change -179.55% -98.27%
Cash From Investing Activities -$57.36M -$31.15M
YoY Change 84.16% -94.59%
FINANCING ACTIVITIES
Cash Dividend Paid $238.5M $211.1M
YoY Change 12.98%
Common Stock Issuance & Retirement, Net $689.0K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$357.1M $158.6M
YoY Change -325.17% -95.3%
NET CHANGE
Cash From Operating Activities $214.4M $186.5M
Cash From Investing Activities -$57.36M -$31.15M
Cash From Financing Activities -$357.1M $158.6M
Net Change In Cash -$200.1M $313.9M
YoY Change -163.75% -89.37%
FREE CASH FLOW
Cash From Operating Activities $214.4M $186.5M
Capital Expenditures -$64.40M -$22.30M
Free Cash Flow $278.8M $208.8M
YoY Change 33.52% -3.03%

Facts In Submission

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<div style='font-size:10.0pt;FONT-FAMILY: Times New Roman;'> <p style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in"><b><font style="FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">(1)</font></b><b><font style="FONT-WEIGHT: bold; FONT-SIZE: 3pt" size="1">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></b> <b><font style="FONT-WEIGHT: bold; FONT-SIZE: 10pt" size="2">Business</font></b></p> <p style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">&#160;</font></p> <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.25in"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">HCP,&#160;Inc., an S&amp;P 500 company, together with its consolidated entities (collectively, &#8220;HCP&#8221; or the &#8220;Company&#8221;), invests primarily in real estate serving the healthcare industry in the United States (&#8220;U.S.&#8221;). The Company is a Maryland corporation and was organized to qualify as a self-administered real estate investment trust (&#8220;REIT&#8221;) in 1985. The Company is headquartered in Long Beach, California, with offices in Nashville, Tennessee and San Francisco, California. The Company acquires, develops, leases, manages and disposes of healthcare real estate, and provides financing to healthcare providers. The Company&#8217;s portfolio is comprised of investments in the following five healthcare segments: (i)&#160;senior housing, (ii)&#160;post-acute/skilled nursing, (iii)&#160;life science, (iv)&#160;medical office and (v)&#160;hospital. The Company makes investments within the healthcare segments using the following five investment products: (i)&#160;properties under lease, (ii)&#160;debt investments, (iii)&#160;developments and redevelopments, (iv)&#160;investment management and (v)&#160;investments in senior housing operations utilizing the structure permitted by the Housing and Economic Recovery Act of 2008, which is commonly referred to as &#8220;RIDEA.&#8221;</font></p></div>
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CY2013Q1 us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
987000 USD
CY2013Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
3754000 USD
CY2013Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-357116000 USD
CY2012Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
158597000 USD
CY2013Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-200126000 USD
CY2012Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
313919000 USD
CY2013Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
47547000 USD
CY2012Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
347425000 USD
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
33506000 USD
CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
9220622000 USD
CY2012Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
9309962000 USD
CY2012Q1 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
296896000 USD
CY2012Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
366922000 USD
CY2012Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
6984000 USD
CY2012Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
37631000 USD
CY2012Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5373000 USD
CY2012Q1 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
5283000 USD
CY2012Q1 us-gaap Dividends Common Stock
DividendsCommonStock
205784000 USD
CY2012Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
3912000 USD
CY2012Q1 us-gaap Minority Interest Increase From Stock Issuance
MinorityInterestIncreaseFromStockIssuance
181000 USD
CY2012Q1 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
388000 USD
CY2013Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
20665000 USD
CY2013Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.525
CY2012Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.50
CY2013Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
13410000 USD
CY2013Q1 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
291870000 USD
CY2013Q1 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
209810000 USD
CY2013Q1 us-gaap Equity Method Investment Summarized Financial Information Liabilities And Equity
EquityMethodInvestmentSummarizedFinancialInformationLiabilitiesAndEquity
9581424000 USD
CY2012Q4 hcp Equity Method Investment Summarized Financial Information Real Estate Net
EquityMethodInvestmentSummarizedFinancialInformationRealEstateNet
3731740000 USD
CY2012Q4 us-gaap Equity Method Investment Summarized Financial Information Assets
EquityMethodInvestmentSummarizedFinancialInformationAssets
9466058000 USD
CY2012Q4 hcp Equity Method Investment Summarized Financial Information Accounts Payable
EquityMethodInvestmentSummarizedFinancialInformationAccountsPayable
971095000 USD
CY2012Q4 hcp Equity Method Investment Summarized Financial Information Other Partners Capital
EquityMethodInvestmentSummarizedFinancialInformationOtherPartnersCapital
1435885000 USD
CY2012Q4 hcp Equity Method Investment Summarized Financial Information Entity Capital
EquityMethodInvestmentSummarizedFinancialInformationEntityCapital
183146000 USD
CY2012Q1 hcp Properties Held For Sale Number
PropertiesHeldForSaleNumber
3 item
CY2012Q1 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
98000000 USD
CY2012Q1 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
3430000 USD
CY2012Q1 us-gaap Depreciation And Amortization Discontinued Operations
DepreciationAndAmortizationDiscontinuedOperations
2996000 USD
CY2012Q1 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
18000 USD
CY2012Q1 us-gaap Discontinued Operation Amount Of Other Income Loss From Disposition Of Discontinued Operation Net Of Tax
DiscontinuedOperationAmountOfOtherIncomeLossFromDispositionOfDiscontinuedOperationNetOfTax
-901000 USD
CY2012Q1 hcp Number Of Properties Included In Discontinued Operations
NumberOfPropertiesIncludedInDiscontinuedOperations
4 item
CY2012Q4 us-gaap Capital Leases Net Investment In Direct Financing Leases Minimum Payments To Be Received
CapitalLeasesNetInvestmentInDirectFinancingLeasesMinimumPaymentsToBeReceived
25217520000 USD
CY2013Q1 us-gaap Capital Leases Net Investment In Direct Financing Leases Minimum Payments To Be Received
CapitalLeasesNetInvestmentInDirectFinancingLeasesMinimumPaymentsToBeReceived
25085037000 USD
CY2012Q4 us-gaap Capital Leases Net Investment In Direct Financing Leases Unguaranteed Residual Values Of Leased Property
CapitalLeasesNetInvestmentInDirectFinancingLeasesUnguaranteedResidualValuesOfLeasedProperty
4010514000 USD
CY2013Q1 us-gaap Capital Leases Net Investment In Direct Financing Leases Unguaranteed Residual Values Of Leased Property
CapitalLeasesNetInvestmentInDirectFinancingLeasesUnguaranteedResidualValuesOfLeasedProperty
4010514000 USD
CY2012Q4 us-gaap Capital Leases Net Investment In Direct Financing Leases Deferred Income
CapitalLeasesNetInvestmentInDirectFinancingLeasesDeferredIncome
22346641000 USD
CY2013Q1 us-gaap Capital Leases Net Investment In Direct Financing Leases Deferred Income
CapitalLeasesNetInvestmentInDirectFinancingLeasesDeferredIncome
22174130000 USD
CY2013Q1 us-gaap Net Investment In Direct Financing And Sales Type Leases
NetInvestmentInDirectFinancingAndSalesTypeLeases
6921421000 USD
CY2012Q4 hcp Properties With Direct Financing Leases Number
PropertiesWithDirectFinancingLeasesNumber
361 item
CY2013Q1 hcp Properties With Direct Financing Leases Number
PropertiesWithDirectFinancingLeasesNumber
361 item
CY2012Q4 hcp Loans Receivable Gross Carrying Amount Mezzanine
LoansReceivableGrossCarryingAmountMezzanine
145150000 USD
CY2013Q1 hcp Loans Receivable Gross Carrying Amount Mezzanine
LoansReceivableGrossCarryingAmountMezzanine
145150000 USD
CY2012Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount Other
LoansAndLeasesReceivableGrossCarryingAmountOther
147264000 USD
CY2013Q1 us-gaap Loans And Leases Receivable Gross Carrying Amount Other
LoansAndLeasesReceivableGrossCarryingAmountOther
163008000 USD
CY2012Q4 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
-2974000 USD
CY2013Q1 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
-2878000 USD
CY2012Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
13410000 USD
CY2013Q1 hcp Equity Method Investment Reported In Liabilities
EquityMethodInvestmentReportedInLiabilities
1132000 USD
CY2013Q1 hcp Equity Method Investment Summarized Financial Information Real Estate Net
EquityMethodInvestmentSummarizedFinancialInformationRealEstateNet
3706411000 USD
CY2013Q1 us-gaap Equity Method Investment Summarized Financial Information Assets
EquityMethodInvestmentSummarizedFinancialInformationAssets
9581424000 USD
CY2013Q1 hcp Equity Method Investment Summarized Financial Information Accounts Payable
EquityMethodInvestmentSummarizedFinancialInformationAccountsPayable
1108324000 USD
CY2013Q1 hcp Equity Method Investment Summarized Financial Information Other Partners Capital
EquityMethodInvestmentSummarizedFinancialInformationOtherPartnersCapital
1445199000 USD
CY2013Q1 hcp Equity Method Investment Summarized Financial Information Entity Capital
EquityMethodInvestmentSummarizedFinancialInformationEntityCapital
183042000 USD
CY2012Q4 us-gaap Equity Method Investment Summarized Financial Information Liabilities And Equity
EquityMethodInvestmentSummarizedFinancialInformationLiabilitiesAndEquity
9466058000 USD
CY2013Q1 us-gaap Equity Method Investment Difference Between Carrying Amount And Underlying Equity
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity
25000000 USD
CY2013Q1 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
1093374000 USD
CY2012Q1 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
1044509000 USD
CY2013Q1 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
10584000 USD
CY2012Q1 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
1125000 USD
CY2012Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
13675000 USD
CY2013Q1 hcp Equity Method Investment Fees Earned
EquityMethodInvestmentFeesEarned
443000 USD
CY2012Q1 hcp Equity Method Investment Fees Earned
EquityMethodInvestmentFeesEarned
493000 USD
CY2013Q1 hcp Equity Method Investment Dividends Or Distributions Net
EquityMethodInvestmentDividendsOrDistributionsNet
1371000 USD
CY2012Q1 hcp Equity Method Investment Dividends Or Distributions Net
EquityMethodInvestmentDividendsOrDistributionsNet
3629000 USD
CY2013Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
797000000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
794000000 USD
CY2013Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
259000000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
241000000 USD
CY2013Q1 hcp Off Market Leases Unfavorable Gross
OffMarketLeasesUnfavorableGross
199000000 USD
CY2012Q4 hcp Off Market Leases Unfavorable Gross
OffMarketLeasesUnfavorableGross
199000000 USD
CY2013Q1 hcp Off Market Leases Unfavorable Accumulated Amortization
OffMarketLeasesUnfavorableAccumulatedAmortization
97000000 USD
CY2012Q4 hcp Off Market Leases Unfavorable Accumulated Amortization
OffMarketLeasesUnfavorableAccumulatedAmortization
93000000 USD
CY2013Q1 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
323513000 USD
CY2012Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
306294000 USD
CY2013Q1 hcp Allowance For Straightline Rent
AllowanceForStraightlineRent
33767000 USD
CY2012Q4 hcp Allowance For Straightline Rent
AllowanceForStraightlineRent
33521000 USD
CY2013Q1 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
208214000 USD
CY2012Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
222809000 USD
CY2013Q1 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
93678000 USD
CY2012Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
93763000 USD
CY2013Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
42944000 USD
CY2012Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
45490000 USD
CY2013Q1 us-gaap Goodwill
Goodwill
50346000 USD
CY2012Q4 us-gaap Goodwill
Goodwill
50346000 USD
CY2012Q4 us-gaap Available For Sale Securities Equity Securities
AvailableForSaleSecuritiesEquitySecurities
24829000 USD
CY2013Q1 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
58158000 USD
CY2012Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
44989000 USD
CY2013Q1 us-gaap Other Assets
OtherAssets
776853000 USD
CY2012Q4 us-gaap Available For Sale Equity Securities Amortized Cost Basis
AvailableForSaleEquitySecuritiesAmortizedCostBasis
17100000 USD
CY2013Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
667221000 USD
CY2013Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
708611000 USD
CY2013Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
1414154000 USD
CY2013Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
1300698000 USD
CY2013Q1 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
3723468000 USD
CY2013Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
8497256000 USD
CY2013Q1 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
30502000 USD
CY2013Q1 us-gaap Long Term Debt
LongTermDebt
8466754000 USD
CY2013Q1 hcp Third Party Debt Collateralized By Facilities Debt Amount
ThirdPartyDebtCollateralizedByFacilitiesDebtAmount
116000000 USD
CY2013Q1 hcp Third Party Debt Collateralized By Facilities Asset Carrying Amount
ThirdPartyDebtCollateralizedByFacilitiesAssetCarryingAmount
375000000 USD
CY2013Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.525
CY2013Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.525
CY2012Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
17006000 USD
CY2013Q1 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
382000 shares
CY2012Q1 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
210000 shares
CY2013Q1 hcp Stock Issued During Period Shares Conversion Of Down Reit
StockIssuedDuringPeriodSharesConversionOfDownREIT
51000 shares
CY2012Q1 hcp Stock Issued During Period Shares Conversion Of Down Reit
StockIssuedDuringPeriodSharesConversionOfDownREIT
36000 shares
CY2013Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
796000 shares
CY2012Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1412000 shares
CY2013Q1 hcp Restricted Stock Vested Shares
RestrictedStockVestedShares
17000 shares
CY2012Q1 hcp Restricted Stock Vested Shares
RestrictedStockVestedShares
314000 shares
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
7776000 USD
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-18452000 USD
CY2013Q1 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-12860000 USD
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
3150000 USD
CY2013Q1 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
3095000 USD
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-827000 USD
CY2013Q1 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-649000 USD
CY2013Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-16604000 USD
CY2013Q1 hcp Down Reit Units Outstanding
DownReitUnitsOutstanding
4000000 item
CY2013Q1 hcp Minority Interest In Preferred Unit Holders Fair Value
MinorityInterestInPreferredUnitHoldersFairValue
301000000 USD
CY2013Q1 us-gaap Minority Interest In Preferred Unit Holders
MinorityInterestInPreferredUnitHolders
185608000 USD
CY2013Q1 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
3199000 USD
CY2012Q1 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
3184000 USD
CY2013Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
230585000 USD
CY2012Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
191009000 USD
CY2012Q1 us-gaap Participating Securities Distributed And Undistributed Earnings
ParticipatingSecuritiesDistributedAndUndistributedEarnings
1117000 USD
CY2013Q1 hcp Net Income Loss Continuing Operations Available To Common Stockholders Basic
NetIncomeLossContinuingOperationsAvailableToCommonStockholdersBasic
230107000 USD
CY2012Q1 hcp Net Income Loss Continuing Operations Available To Common Stockholders Basic
NetIncomeLossContinuingOperationsAvailableToCommonStockholdersBasic
172886000 USD
CY2013Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
962000 shares
CY2012Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1643000 shares
CY2012Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.42
CY2012Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.01
CY2012Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.42
CY2012Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.01
CY2013Q1 us-gaap Interest Paid Net
InterestPaidNet
154127000 USD
CY2013Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
75000 USD
CY2013Q1 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
4111000 USD
CY2012Q1 us-gaap Interest Paid Net
InterestPaidNet
137001000 USD
CY2012Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
142000 USD
CY2012Q1 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
6683000 USD
CY2013Q1 us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
15029000 USD
CY2012Q1 us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
14589000 USD
CY2013Q1 hcp Restricted Stock Vested
RestrictedStockVested
17000 USD
CY2012Q1 hcp Restricted Stock Vested
RestrictedStockVested
314000 USD
CY2013Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
-6000 USD
CY2012Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
-1000 USD
CY2013Q1 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
2179000 USD
CY2012Q1 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
1034000 USD
CY2013Q1 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
12728000 USD
CY2013Q1 hcp Unrealized Gain Loss On Available For Sale Securities And Derivatives
UnrealizedGainLossOnAvailableForSaleSecuritiesAndDerivatives
6675000 USD
CY2012Q1 hcp Unrealized Gain Loss On Available For Sale Securities And Derivatives
UnrealizedGainLossOnAvailableForSaleSecuritiesAndDerivatives
1580000 USD
CY2012Q1 us-gaap Interest Expense
InterestExpense
103752000 USD
CY2012Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
85280000 USD
CY2012Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
20089000 USD
CY2012Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
436000 USD
CY2012Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-709000 USD
CY2012Q1 us-gaap Straight Line Rent
StraightLineRent
9927000 USD
CY2013Q1 hcp Direct Financing Leases Accretion Expense
DirectFinancingLeasesAccretionExpense
24170000 USD
CY2012Q1 hcp Direct Financing Leases Accretion Expense
DirectFinancingLeasesAccretionExpense
25622000 USD
CY2013Q1 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
78000 USD
CY2012Q1 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
697000 USD
CY2012Q1 hcp Lease Termination Fees
LeaseTerminationFees
148000 USD
CY2012Q1 hcp Adjusted Net Operating Income From Discontinued Operations
AdjustedNetOperatingIncomeFromDiscontinuedOperations
-626000 USD
CY2012Q1 us-gaap Share Based Compensation
ShareBasedCompensation
5373000 USD
CY2012Q1 hcp Rental Revenues
RentalRevenues
418336000 USD
CY2013Q1 hcp Rental Revenues
RentalRevenues
466549000 USD
CY2012Q1 us-gaap Health Care Organization Resident Service Revenue
HealthCareOrganizationResidentServiceRevenue
36179000 USD
CY2012Q1 us-gaap Interest Income Operating
InterestIncomeOperating
819000 USD
CY2012Q1 us-gaap Management Fees Revenue
ManagementFeesRevenue
493000 USD
CY2012Q1 us-gaap Revenues
Revenues
455827000 USD
CY2012Q1 hcp Net Operating Income From Continuing Operations
NetOperatingIncomeFromContinuingOperations
387182000 USD
CY2013Q1 hcp Net Operating Income From Continuing Operations
NetOperatingIncomeFromContinuingOperations
429835000 USD
CY2012Q1 hcp Adjusted Net Operating Income From Continuing Operations
AdjustedNetOperatingIncomeFromContinuingOperations
351414000 USD
CY2013Q1 hcp Adjusted Net Operating Income From Continuing Operations
AdjustedNetOperatingIncomeFromContinuingOperations
386794000 USD
CY2013Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
683104000 USD
CY2013Q1 hcp Number Of Down Reitll Cs
NumberOfDownREITLLCs
4 item
CY2013Q1 hcp Sales Or Transfers From Transactions With Other Operating Segments Of Same Entity
SalesOrTransfersFromTransactionsWithOtherOperatingSegmentsOfSameEntity
0 USD
CY2012Q1 hcp Sales Or Transfers From Transactions With Other Operating Segments Of Same Entity
SalesOrTransfersFromTransactionsWithOtherOperatingSegmentsOfSameEntity
0 USD
CY2012Q1 us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
-485000 USD
CY2012Q1 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
2856000 USD
CY2012Q1 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
241151000 USD
CY2012Q1 us-gaap Tenant Reimbursements
TenantReimbursements
22650000 USD
CY2012Q1 us-gaap Capital Leases Income Statement Direct Financing Lease Revenue
CapitalLeasesIncomeStatementDirectFinancingLeaseRevenue
154535000 USD
CY2012Q1 us-gaap Cost Of Real Estate Revenue
CostOfRealEstateRevenue
67333000 USD
CY2012Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
3184000 USD
CY2012Q1 hcp Depreciation And Amortization Of Real Estate In Place Lease And Other Intangibles Discontinued Operations
DepreciationAndAmortizationOfRealEstateInPlaceLeaseAndOtherIntangiblesDiscontinuedOperations
2996000 USD
CY2012Q1 hcp Amortization Of Above And Below Market Lease Intangibles Net
AmortizationOfAboveAndBelowMarketLeaseIntangiblesNet
-697000 USD
CY2012Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
4529000 USD
CY2012Q1 us-gaap Accretion Expense
AccretionExpense
-25878000 USD
CY2012Q1 us-gaap Recognition Of Deferred Revenue
RecognitionOfDeferredRevenue
-1839000 USD
CY2012Q1 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
913000 USD
CY2012Q1 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
2856000 USD
CY2012Q1 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-203000 USD
CY2012Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2300000 USD
CY2012Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
7877000 USD
CY2012Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-52619000 USD
CY2013Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5430000 USD
CY2012Q1 us-gaap Payments For Leasing Costs Commissions And Tenant Improvements
PaymentsForLeasingCostsCommissionsAndTenantImprovements
8931000 USD
CY2012Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
7238000 USD
CY2012Q1 hcp Distributions In Excess Of Earnings From Unconsolidated Joint Ventures
DistributionsInExcessOfEarningsFromUnconsolidatedJointVentures
2716000 USD
CY2012Q1 us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
4015000 USD
CY2012Q1 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
3905000 USD
CY2012Q1 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-454000000 USD
CY2012Q1 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
450000000 USD
CY2012Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
10117000 USD
CY2012Q1 us-gaap Proceeds From Repurchase Of Equity
ProceedsFromRepurchaseOfEquity
397569000 USD
CY2012Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
211067000 USD
CY2012Q1 us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
181000 USD
CY2012Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
3912000 USD
CY2013Q1 us-gaap Dividends Common Stock
DividendsCommonStock
238467000 USD
CY2013Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
12135000 USD
CY2012Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
10057000 USD
CY2013Q1 hcp Equity Method Investment Summarized Financial Information Goodwill And Other Assets Net
EquityMethodInvestmentSummarizedFinancialInformationGoodwillAndOtherAssetsNet
5875013000 USD
CY2012Q4 hcp Equity Method Investment Summarized Financial Information Goodwill And Other Assets Net
EquityMethodInvestmentSummarizedFinancialInformationGoodwillAndOtherAssetsNet
5734318000 USD
CY2012Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
2371000 USD
CY2012Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
194193000 USD
CY2013Q1 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
10623382000 USD
CY2013Q1 us-gaap Development In Process
DevelopmentInProcess
223534000 USD
CY2013Q1 us-gaap Land
Land
1853392000 USD
CY2013Q1 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1822628000 USD
CY2013Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
32183000 USD
CY2013Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
37675000 USD
CY2013Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
537692000 USD
CY2013Q1 us-gaap Loans Payable To Bank
LoansPayableToBank
208213000 USD
CY2013Q1 us-gaap Unsecured Debt
UnsecuredDebt
6563749000 USD
CY2013Q1 us-gaap Secured Debt
SecuredDebt
1680792000 USD
CY2013Q1 hcp Properties Held For Sale Number
PropertiesHeldForSaleNumber
0 item
CY2013Q1 us-gaap Cash Flow Hedge Gain Loss Reclassified To Earnings Net
CashFlowHedgeGainLossReclassifiedToEarningsNet
0 USD
CY2013Q1 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
11000000 USD

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