2013 Q4 Form 10-Q Financial Statement

#000110465913080260 Filed on November 04, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2012 Q3
Revenue $530.3M $546.2M $470.0M
YoY Change 5.38% 16.2% 6.6%
Cost Of Revenue $76.30M $75.40M $72.70M
YoY Change 7.92% 3.71% 26.0%
Gross Profit $454.0M $470.7M $395.4M
YoY Change 3.58% 19.04% 3.35%
Gross Profit Margin 85.61% 86.18% 84.13%
Selling, General & Admin $19.10M $39.30M $19.40M
YoY Change -23.9% 102.58% -1.02%
% of Gross Profit 4.21% 8.35% 4.91%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $105.9M $105.0M $84.40M
YoY Change 6.75% 24.41% -0.35%
% of Gross Profit 23.33% 22.31% 21.35%
Operating Expenses $125.2M $150.1M $106.5M
YoY Change 0.72% 40.94% 0.38%
Operating Profit $328.8M $320.6M $288.9M
YoY Change 4.71% 10.97% 4.48%
Interest Expense -$109.6M $108.1M $103.4M
YoY Change 2.62% 4.58% -0.1%
% of Operating Profit -33.33% 33.71% 35.78%
Other Income/Expense, Net $1.200M $1.584M $770.0K
YoY Change 71.43% 105.71% -199.74%
Pretax Income $220.3M $214.2M $181.5M
YoY Change 10.01% 18.03% 15.24%
Income Tax $2.300M $1.033M -$602.0K
% Of Pretax Income 1.04% 0.48% -0.33%
Net Earnings $293.1M $233.8M $196.1M
YoY Change 21.6% 19.2% 13.89%
Net Earnings / Revenue 55.27% 42.8% 41.73%
Basic Earnings Per Share $0.64 $0.51 $0.46
Diluted Earnings Per Share $0.64 $0.51 $0.45
COMMON SHARES
Basic Shares Outstanding 456.3M shares 455.3M shares 429.6M shares
Diluted Shares Outstanding 456.1M shares 430.8M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $301.0M $49.00M $96.00M
YoY Change 21.37% -48.96% 113.33%
Cash & Equivalents $300.6M $49.41M $96.48M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $27.00M $27.00M $32.00M
Other Receivables $369.0M $359.0M $300.0M
Total Short-Term Assets $697.0M $435.0M $428.0M
YoY Change 18.54% 1.64% 511.43%
LONG-TERM ASSETS
Property, Plant & Equipment $10.63B $10.70B $9.361B
YoY Change -1.87% 14.3% -0.91%
Goodwill $50.35M $50.35M $50.35M
YoY Change 0.0% 0.0%
Intangibles $489.8M $507.8M $382.3M
YoY Change -11.22% 32.81%
Long-Term Investments $441.0M $445.0M $461.0M
YoY Change -4.13% -3.47% 93.7%
Other Assets $89.00M $216.0M $175.0M
YoY Change -36.43% 23.43% 103.49%
Total Long-Term Assets $19.38B $19.45B $17.65B
YoY Change 0.27% 10.22% 1.63%
TOTAL ASSETS
Total Short-Term Assets $697.0M $435.0M $428.0M
Total Long-Term Assets $19.38B $19.45B $17.65B
Total Assets $20.08B $19.89B $18.08B
YoY Change 0.8% 10.01% 3.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $318.0M $304.0M $271.0M
YoY Change 8.16% 12.18% 4.23%
Accrued Expenses $2.700M $2.300M
YoY Change 170.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $318.0M $304.0M $271.0M
YoY Change 8.16% 12.18% -57.32%
LONG-TERM LIABILITIES
Long-Term Debt $8.662B $8.561B $7.904B
YoY Change -0.23% 8.31% 8.51%
Other Long-Term Liabilities $165.0M $175.0M $177.0M
YoY Change -10.81% -1.13% -12.81%
Total Long-Term Liabilities $8.827B $8.736B $8.081B
YoY Change -0.45% 8.11% 7.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $318.0M $304.0M $271.0M
Total Long-Term Liabilities $8.827B $8.736B $8.081B
Total Liabilities $9.145B $9.039B $8.351B
YoY Change -0.19% 8.24% 0.48%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $457.0M $455.9M $430.0M
YoY Change 0.83% 6.02%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.72B $10.64B $9.518B
YoY Change
Total Liabilities & Shareholders Equity $20.08B $19.89B $18.08B
YoY Change 0.8% 10.01% 3.67%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $293.1M $233.8M $196.1M
YoY Change 21.6% 19.2% 13.89%
Depreciation, Depletion And Amortization $105.9M $105.0M $84.40M
YoY Change 6.75% 24.41% -0.35%
Cash From Operating Activities $305.3M $272.1M $237.4M
YoY Change -2.74% 14.62% 54.06%
INVESTING ACTIVITIES
Capital Expenditures -$34.20M -$32.50M -$196.6M
YoY Change -98.06% -83.47% 769.91%
Acquisitions
YoY Change
Other Investing Activities $111.5M $179.4M -$140.5M
YoY Change 13.2% -227.69% -46.74%
Cash From Investing Activities $77.40M $146.9M -$337.2M
YoY Change -104.65% -143.56% 17.78%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -131.8M -423.3M 26.60M
YoY Change -108.78% -1691.35% -126.87%
NET CHANGE
Cash From Operating Activities 305.3M 272.1M 237.4M
Cash From Investing Activities 77.40M 146.9M -337.2M
Cash From Financing Activities -131.8M -423.3M 26.60M
Net Change In Cash 250.9M -4.300M -73.20M
YoY Change 66.05% -94.13% -68.34%
FREE CASH FLOW
Cash From Operating Activities $305.3M $272.1M $237.4M
Capital Expenditures -$34.20M -$32.50M -$196.6M
Free Cash Flow $339.5M $304.6M $434.0M
YoY Change -83.65% -29.82% 145.61%

Facts In Submission

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CY2013Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-15879000 USD
CY2013Q3 hcp Down Reit Units Outstanding
DownReitUnitsOutstanding
4000000 item
CY2013Q3 hcp Number Of Down Reitll Cs
NumberOfDownREITLLCs
4 item
CY2013Q3 us-gaap Minority Interest In Preferred Unit Holders
MinorityInterestInPreferredUnitHolders
184791000 USD
CY2013Q3 hcp Minority Interest In Preferred Unit Holders Fair Value
MinorityInterestInPreferredUnitHoldersFairValue
246000000 USD
us-gaap Interest Expense
InterestExpense
326094000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
317430000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
90080000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
16887000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3563000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
25059000 USD
hcp Net Operating Income From Continuing Operations
NetOperatingIncomeFromContinuingOperations
1268293000 USD
us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
28559000 USD
hcp Direct Financing Leases Accretion Expense
DirectFinancingLeasesAccretionExpense
65386000 USD
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
6414000 USD
hcp Lease Termination Fees
LeaseTerminationFees
220000 USD
hcp Adjusted Net Operating Income From Discontinued Operations
AdjustedNetOperatingIncomeFromDiscontinuedOperations
-293000 USD
hcp Adjusted Net Operating Income From Continuing Operations
AdjustedNetOperatingIncomeFromContinuingOperations
1168007000 USD
CY2012Q3 us-gaap Profit Loss
ProfitLoss
199043000 USD
CY2013Q3 us-gaap Profit Loss
ProfitLoss
236858000 USD
CY2013Q3 us-gaap Interest Income Operating
InterestIncomeOperating
42078000 USD
CY2013Q3 us-gaap Management Fees Revenue
ManagementFeesRevenue
464000 USD
CY2013Q3 us-gaap Interest Expense
InterestExpense
108088000 USD
CY2013Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
104859000 USD
CY2013Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
45423000 USD
CY2013Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1584000 USD
CY2013Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1033000 USD
CY2013Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
13396000 USD
CY2013Q3 hcp Net Operating Income From Continuing Operations
NetOperatingIncomeFromContinuingOperations
424847000 USD
CY2013Q3 us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
12604000 USD
CY2013Q3 hcp Direct Financing Leases Accretion Expense
DirectFinancingLeasesAccretionExpense
19822000 USD
CY2013Q3 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
346000 USD
CY2013Q3 hcp Lease Termination Fees
LeaseTerminationFees
205000 USD
CY2013Q3 hcp Adjusted Net Operating Income From Discontinued Operations
AdjustedNetOperatingIncomeFromDiscontinuedOperations
-99000 USD
CY2013Q3 hcp Adjusted Net Operating Income From Continuing Operations
AdjustedNetOperatingIncomeFromContinuingOperations
391969000 USD
us-gaap Profit Loss
ProfitLoss
687367000 USD
us-gaap Interest Income Operating
InterestIncomeOperating
68611000 USD
us-gaap Management Fees Revenue
ManagementFeesRevenue
1406000 USD
CY2012Q3 us-gaap Interest Income Operating
InterestIncomeOperating
10278000 USD
CY2012Q3 us-gaap Management Fees Revenue
ManagementFeesRevenue
460000 USD
CY2012Q3 us-gaap Interest Expense
InterestExpense
103355000 USD
CY2012Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
87170000 USD
CY2012Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
19415000 USD
CY2012Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
770000 USD
CY2012Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-602000 USD
CY2012Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
6680000 USD
CY2012Q3 hcp Net Operating Income From Continuing Operations
NetOperatingIncomeFromContinuingOperations
384675000 USD
CY2012Q3 us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
11821000 USD
CY2012Q3 hcp Direct Financing Leases Accretion Expense
DirectFinancingLeasesAccretionExpense
23433000 USD
CY2012Q3 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
533000 USD
CY2012Q3 hcp Lease Termination Fees
LeaseTerminationFees
175000 USD
CY2012Q3 hcp Adjusted Net Operating Income From Discontinued Operations
AdjustedNetOperatingIncomeFromDiscontinuedOperations
-436000 USD
CY2012Q3 hcp Adjusted Net Operating Income From Continuing Operations
AdjustedNetOperatingIncomeFromContinuingOperations
349149000 USD
us-gaap Profit Loss
ProfitLoss
600582000 USD
us-gaap Interest Income Operating
InterestIncomeOperating
12313000 USD
us-gaap Management Fees Revenue
ManagementFeesRevenue
1423000 USD
us-gaap Interest Expense
InterestExpense
309399000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
254463000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
54299000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
2232000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1145000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
19476000 USD
hcp Net Operating Income From Continuing Operations
NetOperatingIncomeFromContinuingOperations
1147229000 USD
us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
33608000 USD
hcp Direct Financing Leases Accretion Expense
DirectFinancingLeasesAccretionExpense
71072000 USD
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
1855000 USD
hcp Lease Termination Fees
LeaseTerminationFees
574000 USD
hcp Adjusted Net Operating Income From Discontinued Operations
AdjustedNetOperatingIncomeFromDiscontinuedOperations
-1757000 USD
hcp Adjusted Net Operating Income From Continuing Operations
AdjustedNetOperatingIncomeFromContinuingOperations
1041877000 USD
CY2012Q4 us-gaap Assets
Assets
19915555000 USD
CY2013Q3 us-gaap Assets
Assets
19889509000 USD
CY2012Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
192363000 USD
CY2012Q3 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
2935000 USD
CY2012Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
189428000 USD
CY2012Q3 us-gaap Participating Securities Distributed And Undistributed Earnings
ParticipatingSecuritiesDistributedAndUndistributedEarnings
479000 USD
CY2012Q3 hcp Net Income Loss Continuing Operations Available To Common Stockholders Basic
NetIncomeLossContinuingOperationsAvailableToCommonStockholdersBasic
188949000 USD
CY2012Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
195629000 USD
CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
429557000 shares
CY2012Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1221000 shares
CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
430778000 shares
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
581106000 USD
us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
9070000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
572036000 USD
us-gaap Dividends Preferred Stock
DividendsPreferredStock
17006000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
289000 USD
us-gaap Participating Securities Distributed And Undistributed Earnings
ParticipatingSecuritiesDistributedAndUndistributedEarnings
2154000 USD
hcp Net Income Loss Continuing Operations Available To Common Stockholders Basic
NetIncomeLossContinuingOperationsAvailableToCommonStockholdersBasic
552876000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
572352000 USD
CY2013Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
223462000 USD
CY2013Q3 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
3102000 USD
CY2013Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
220360000 USD
CY2013Q3 us-gaap Participating Securities Distributed And Undistributed Earnings
ParticipatingSecuritiesDistributedAndUndistributedEarnings
474000 USD
CY2013Q3 hcp Net Income Loss Continuing Operations Available To Common Stockholders Basic
NetIncomeLossContinuingOperationsAvailableToCommonStockholdersBasic
219886000 USD
CY2013Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
233282000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
662308000 USD
us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
9625000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
652683000 USD
us-gaap Participating Securities Distributed And Undistributed Earnings
ParticipatingSecuritiesDistributedAndUndistributedEarnings
1330000 USD
hcp Net Income Loss Continuing Operations Available To Common Stockholders Basic
NetIncomeLossContinuingOperationsAvailableToCommonStockholdersBasic
651353000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
676412000 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
420049000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1355000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
421404000 shares
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.32
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.36
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.32
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.36
CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
455345000 shares
CY2013Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
733000 shares
CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
456078000 shares
CY2013Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.48
CY2013Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.03
CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.51
CY2013Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.48
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.51
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
454553000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
835000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
455388000 shares
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.43
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.06
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.49
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.43
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.49
CY2012Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.44
CY2012Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.02
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.46
CY2012Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.44
CY2013Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.03
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.06
us-gaap Interest Paid Net
InterestPaidNet
339190000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1645000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
18517000 USD
us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
18024000 USD
hcp Restricted Stock Vested
RestrictedStockVested
385000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
6000 USD
us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
2398000 USD
us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
35120000 USD
hcp Unrealized Gain Loss On Available For Sale Securities And Derivatives
UnrealizedGainLossOnAvailableForSaleSecuritiesAndDerivatives
2203000 USD
us-gaap Interest Paid Net
InterestPaidNet
363229000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-2000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
10852000 USD
us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
18495000 USD
hcp Restricted Stock Vested
RestrictedStockVested
110000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
17000 USD
us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
2997000 USD
us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
12728000 USD
hcp Unrealized Gain Loss On Available For Sale Securities And Derivatives
UnrealizedGainLossOnAvailableForSaleSecuritiesAndDerivatives
6990000 USD
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
233756000 USD
CY2013Q3 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
10530094000 USD
CY2013Q3 us-gaap Development In Process
DevelopmentInProcess
247268000 USD
us-gaap Nature Of Operations
NatureOfOperations
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in;"><b><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold;" size="2">(1)</font></b><b><font style="FONT-SIZE: 3pt; FONT-WEIGHT: bold;" size="1">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></b> <b><font style="FONT-SIZE: 10pt; FONT-WEIGHT: bold;" size="2">Business</font></b></p> <p style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in;">&#160;</p> <p style="TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" 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> <p style="MARGIN: 0in 0in 0pt;">&#160;</p> </div>
CY2013Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3102000 USD
us-gaap Net Income Loss
NetIncomeLoss
677742000 USD
CY2013Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-3710000 USD
CY2013Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-191000 USD
CY2013Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-56000 USD
CY2013Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-56000 USD
CY2013Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-3519000 USD
CY2013Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
233339000 USD
CY2013Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
3102000 USD
CY2012Q4 us-gaap Minority Interest In Joint Ventures
MinorityInterestInJointVentures
14752000 USD
CY2012Q4 us-gaap Minority Interest In Preferred Unit Holders
MinorityInterestInPreferredUnitHolders
187788000 USD
CY2012Q4 us-gaap Minority Interest
MinorityInterest
202540000 USD
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
10753777000 USD
CY2012Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
19915555000 USD
CY2013Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
19889509000 USD
CY2013Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
10850237000 USD
CY2013Q3 us-gaap Minority Interest
MinorityInterest
210019000 USD
CY2013Q3 us-gaap Stockholders Equity
StockholdersEquity
10640218000 USD
CY2013Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2013Q3 us-gaap Liabilities
Liabilities
9039272000 USD
CY2012Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
1668000 USD
CY2012Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
1.00
CY2012Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
750000000 shares
CY2012Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
453191321 shares
CY2012Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
453191321 shares
CY2013Q3 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
1843000 USD
CY2013Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
1.00
CY2013Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
750000000 shares
CY2013Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
455873953 shares
CY2013Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
455873953 shares
CY2013Q3 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
280588000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
75335000 USD
CY2013Q3 us-gaap Health Care Organization Resident Service Revenue
HealthCareOrganizationResidentServiceRevenue
37589000 USD
us-gaap Health Care Organization Resident Service Revenue
HealthCareOrganizationResidentServiceRevenue
112070000 USD
CY2013Q3 us-gaap Capital Leases Income Statement Direct Financing Lease Revenue
CapitalLeasesIncomeStatementDirectFinancingLeaseRevenue
157253000 USD
us-gaap Capital Leases Income Statement Direct Financing Lease Revenue
CapitalLeasesIncomeStatementDirectFinancingLeaseRevenue
472409000 USD
CY2013Q3 us-gaap Revenues
Revenues
543958000 USD
us-gaap Revenues
Revenues
1563292000 USD
CY2013Q3 us-gaap Cost Of Real Estate Revenue
CostOfRealEstateRevenue
76569000 USD
us-gaap Cost Of Real Estate Revenue
CostOfRealEstateRevenue
224982000 USD
CY2013Q3 us-gaap Costs And Expenses
CostsAndExpenses
334939000 USD
us-gaap Costs And Expenses
CostsAndExpenses
958586000 USD
CY2013Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
210603000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
621593000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
9625000 USD
CY2013Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
230237000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
1355000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
9131000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
5635000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-751000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-167000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-3000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1226000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
686141000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
9625000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
676516000 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3058000 USD
CY2012Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
5374000 USD
CY2012Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-2734000 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-129000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2936000 USD
hcp Depreciation And Amortization Of Real Estate In Place Lease And Other Intangibles Discontinued Operations
DepreciationAndAmortizationOfRealEstateInPlaceLeaseAndOtherIntangiblesDiscontinuedOperations
4346000 USD
hcp Amortization Of Above And Below Market Lease Intangibles Net
AmortizationOfAboveAndBelowMarketLeaseIntangiblesNet
-6414000 USD
us-gaap Share Based Compensation
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