2023 Q2 Form 10-Q Financial Statement

#000162828023014190 Filed on April 28, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $545.4M $525.7M
YoY Change 5.31% 5.48%
Cost Of Revenue $221.3M $223.1M
YoY Change 2.89% 7.64%
Gross Profit $324.2M $302.6M
YoY Change 7.03% 3.94%
Gross Profit Margin 59.43% 57.56%
Selling, General & Admin $25.94M $24.55M
YoY Change 4.66% 3.0%
% of Gross Profit 8.0% 8.11%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $197.6M $179.2M
YoY Change 9.47% 0.84%
% of Gross Profit 60.95% 59.23%
Operating Expenses $223.5M $223.1M
YoY Change 3.94% 7.64%
Operating Profit $100.7M $79.50M
YoY Change 14.6% -5.22%
Interest Expense -$49.07M $47.96M
YoY Change -217.21% 27.61%
% of Operating Profit -48.75% 60.33%
Other Income/Expense, Net $1.364M $82.35M
YoY Change -89.67% 271.41%
Pretax Income $54.61M $133.0M
YoY Change -19.93% 80.41%
Income Tax $1.136M $302.0K
% Of Pretax Income 2.08% 0.23%
Net Earnings $51.75M $119.0M
YoY Change -24.27% 66.1%
Net Earnings / Revenue 9.49% 22.63%
Basic Earnings Per Share $0.09 $0.22
Diluted Earnings Per Share $0.09 $0.22
COMMON SHARES
Basic Shares Outstanding 547.0M shares 546.8M shares
Diluted Shares Outstanding 547.3M shares 547.1M shares

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $103.8M $59.24M
YoY Change 42.14% -33.49%
Cash & Equivalents $103.8M $59.24M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $53.47M $57.71M
Other Receivables $0.00 $0.00
Total Short-Term Assets $157.2M $116.9M
YoY Change 30.65% -18.32%
LONG-TERM ASSETS
Property, Plant & Equipment $13.33B $13.32B
YoY Change 1.71% 1.92%
Goodwill
YoY Change
Intangibles $364.5M $392.0M
YoY Change -22.6% -21.15%
Long-Term Investments $732.0M $714.7M
YoY Change 82.01% 77.27%
Other Assets $65.03M $57.99M
YoY Change -46.46% -32.5%
Total Long-Term Assets $15.45B $15.49B
YoY Change 1.63% 2.25%
TOTAL ASSETS
Total Short-Term Assets $157.2M $116.9M
Total Long-Term Assets $15.45B $15.49B
Total Assets $15.60B $15.60B
YoY Change 1.86% 2.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $682.8M $689.0M
YoY Change 226.39% 220.31%
Accrued Expenses $204.5M $207.7M
YoY Change -51.73% -48.46%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $87.47M $88.77M
YoY Change 3342.38% 2249.52%
Total Short-Term Liabilities $887.3M $896.7M
YoY Change 39.65% 44.19%
LONG-TERM LIABILITIES
Long-Term Debt $6.569B $6.454B
YoY Change 1.82% 1.93%
Other Long-Term Liabilities $1.022B $1.028B
YoY Change -19.87% -20.18%
Total Long-Term Liabilities $7.591B $7.482B
YoY Change -1.76% -1.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $887.3M $896.7M
Total Long-Term Liabilities $7.591B $7.482B
Total Liabilities $9.068B $8.379B
YoY Change 8.45% 1.66%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $547.1M $547.0M
YoY Change 1.38% 1.38%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.535B $6.610B
YoY Change
Total Liabilities & Shareholders Equity $15.60B $15.60B
YoY Change 1.86% 2.06%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income $51.75M $119.0M
YoY Change -24.27% 66.1%
Depreciation, Depletion And Amortization $197.6M $179.2M
YoY Change 9.47% 0.84%
Cash From Operating Activities $297.8M $173.9M
YoY Change 16.57% -10.43%
INVESTING ACTIVITIES
Capital Expenditures $194.8M $215.1M
YoY Change -191.35% -168.87%
Acquisitions
YoY Change
Other Investing Activities -$211.0K $271.5M
YoY Change -88.99% 308.88%
Cash From Investing Activities -$195.0M $56.35M
YoY Change -9.37% -122.91%
FINANCING ACTIVITIES
Cash Dividend Paid $165.0M
YoY Change 0.94%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -59.50M -$239.9M
YoY Change 11.07% 1195.85%
NET CHANGE
Cash From Operating Activities 297.8M $173.9M
Cash From Investing Activities -195.0M $56.35M
Cash From Financing Activities -59.50M -$239.9M
Net Change In Cash 43.30M -$9.609M
YoY Change -426.55% -86.33%
FREE CASH FLOW
Cash From Operating Activities $297.8M $173.9M
Capital Expenditures $194.8M $215.1M
Free Cash Flow $103.0M -$41.19M
YoY Change -78.02% -108.13%

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WeightedAverageNumberOfDilutedSharesOutstanding
547110000 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
539586000 shares
CY2023Q1 us-gaap Profit Loss
ProfitLoss
134507000 usd
CY2022Q1 us-gaap Profit Loss
ProfitLoss
75343000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-9477000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
0 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-64000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-100000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-9413000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
100000 usd
CY2023Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
125094000 usd
CY2022Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
75443000 usd
CY2023Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
15555000 usd
CY2022Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
3730000 usd
CY2023Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
109539000 usd
CY2022Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
71713000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
7182598000 usd
CY2022Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
105679000 usd
CY2023Q1 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
134341000 usd
CY2023Q1 us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
166000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-9413000 usd
CY2023Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
174000 usd
CY2023Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
6467000 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4565000 usd
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.30
CY2023Q1 us-gaap Dividends Common Stock
DividendsCommonStock
165301000 usd
CY2023Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
22731000 usd
CY2023Q1 peak Temporary Equity Noncontrolling Interest Decrease From Distributions To Noncontrolling Interest Holders
TemporaryEquityNoncontrollingInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
72000 usd
CY2023Q1 peak Temporary Equity Noncontrolling Interest Contributions From Noncontrolling Interest
TemporaryEquityNoncontrollingInterestContributionsFromNoncontrollingInterest
96000 usd
CY2023Q1 peak Adjustments Of Permanent Equity To Temporary Equity
AdjustmentsOfPermanentEquityToTemporaryEquity
-19967000 usd
CY2023Q1 peak Temporary Equity Adjustments Of Permanent Equity To Temporary Equity
TemporaryEquityAdjustmentsOfPermanentEquityToTemporaryEquity
-19967000 usd
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
7137733000 usd
CY2023Q1 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
85902000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
7058760000 usd
CY2021Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
87344000 usd
CY2022Q1 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
75331000 usd
CY2022Q1 us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
12000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
100000 usd
CY2022Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
329000 usd
CY2022Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
11352000 usd
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
6144000 usd
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.30
CY2022Q1 us-gaap Dividends Common Stock
DividendsCommonStock
163780000 usd
CY2022Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
7509000 usd
CY2022Q1 peak Temporary Equity Noncontrolling Interest Contributions From Noncontrolling Interest
TemporaryEquityNoncontrollingInterestContributionsFromNoncontrollingInterest
233000 usd
CY2022Q1 peak Adjustments Of Permanent Equity To Temporary Equity
AdjustmentsOfPermanentEquityToTemporaryEquity
10301000 usd
CY2022Q1 peak Temporary Equity Adjustments Of Permanent Equity To Temporary Equity
TemporaryEquityAdjustmentsOfPermanentEquityToTemporaryEquity
10301000 usd
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6947722000 usd
CY2022Q1 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
97890000 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
134507000 usd
CY2022Q1 us-gaap Profit Loss
ProfitLoss
75343000 usd
CY2023Q1 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
179225000 usd
CY2022Q1 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
177733000 usd
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
3287000 usd
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
4721000 usd
CY2023Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
2821000 usd
CY2022Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
2689000 usd
CY2023Q1 us-gaap Straight Line Rent
StraightLineRent
747000 usd
CY2022Q1 us-gaap Straight Line Rent
StraightLineRent
11158000 usd
CY2023Q1 peak Amortization Of Nonrefundable Entrance Fees And Above Below Market Lease Intangibles Net
AmortizationOfNonrefundableEntranceFeesAndAboveBelowMarketLeaseIntangiblesNet
-25690000 usd
CY2022Q1 peak Amortization Of Nonrefundable Entrance Fees And Above Below Market Lease Intangibles Net
AmortizationOfNonrefundableEntranceFeesAndAboveBelowMarketLeaseIntangiblesNet
-24725000 usd
CY2023Q1 peak Income Loss From Equity Method Investments Including Discontinued Operations
IncomeLossFromEquityMethodInvestmentsIncludingDiscontinuedOperations
1816000 usd
CY2022Q1 peak Income Loss From Equity Method Investments Including Discontinued Operations
IncomeLossFromEquityMethodInvestmentsIncludingDiscontinuedOperations
2148000 usd
CY2023Q1 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
185000 usd
CY2022Q1 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
237000 usd
CY2023Q1 peak Gain Loss On Sale Of Real Estate Under Direct Financing Lease
GainLossOnSaleOfRealEstateUnderDirectFinancingLease
0 usd
CY2022Q1 peak Gain Loss On Sale Of Real Estate Under Direct Financing Lease
GainLossOnSaleOfRealEstateUnderDirectFinancingLease
22693000 usd
CY2023Q1 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-402000 usd
CY2022Q1 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-79000 usd
CY2023Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
-2213000 usd
CY2022Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
132000 usd
CY2023Q1 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
81578000 usd
CY2022Q1 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
3785000 usd
CY2023Q1 us-gaap Insured Event Gain Loss
InsuredEventGainLoss
-529000 usd
CY2022Q1 us-gaap Insured Event Gain Loss
InsuredEventGainLoss
0 usd
CY2023Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1698000 usd
CY2022Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
1593000 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
19949000 usd
CY2022Q1 us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
4144000 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-15936000 usd
CY2022Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
3653000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
173921000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
194183000 usd
CY2023Q1 us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
10219000 usd
CY2022Q1 us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
134067000 usd
CY2023Q1 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
204889000 usd
CY2022Q1 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
178285000 usd
CY2023Q1 us-gaap Payments For Leasing Costs Commissions And Tenant Improvements
PaymentsForLeasingCostsCommissionsAndTenantImprovements
22789000 usd
CY2022Q1 us-gaap Payments For Leasing Costs Commissions And Tenant Improvements
PaymentsForLeasingCostsCommissionsAndTenantImprovements
22839000 usd
CY2023Q1 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
141559000 usd
CY2022Q1 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
13265000 usd
CY2023Q1 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
9640000 usd
CY2022Q1 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
1486000 usd
CY2023Q1 peak Distributions In Excess Of Earnings From Unconsolidated Joint Ventures
DistributionsInExcessOfEarningsFromUnconsolidatedJointVentures
3210000 usd
CY2022Q1 peak Distributions In Excess Of Earnings From Unconsolidated Joint Ventures
DistributionsInExcessOfEarningsFromUnconsolidatedJointVentures
3875000 usd
CY2023Q1 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
2650000 usd
CY2022Q1 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
0 usd
CY2023Q1 us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
158381000 usd
CY2022Q1 us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
75435000 usd
CY2023Q1 peak Payments To Acquire Loans Receivable And Other
PaymentsToAcquireLoansReceivableAndOther
1918000 usd
CY2022Q1 peak Payments To Acquire Loans Receivable And Other
PaymentsToAcquireLoansReceivableAndOther
1860000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
56345000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-245962000 usd
CY2023Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
3372255000 usd
CY2022Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
3732668000 usd
CY2023Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
3811861000 usd
CY2022Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
3567830000 usd
CY2023Q1 us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
399532000 usd
CY2022Q1 us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
0 usd
CY2023Q1 us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
1325000 usd
CY2022Q1 us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
1270000 usd
CY2023Q1 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
4175000 usd
CY2022Q1 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
0 usd
CY2023Q1 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
-151000 usd
CY2022Q1 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
-4000 usd
CY2023Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
6467000 usd
CY2022Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
11352000 usd
CY2023Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
164976000 usd
CY2022Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
163447000 usd
CY2023Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
22803000 usd
CY2022Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
7509000 usd
CY2023Q1 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
96000 usd
CY2022Q1 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
233000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-239875000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-18511000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-9609000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-70290000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
126834000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
219448000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
117225000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
149158000 usd
CY2023Q1 us-gaap Nature Of Operations
NatureOfOperations
Business<div style="margin-bottom:6pt;margin-top:1pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Overview</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Healthpeak Properties, Inc., a Standard &amp; Poor’s 500 company, is a Maryland corporation that is organized to qualify as a real estate investment trust (“REIT”) that, together with its consolidated entities (collectively, “Healthpeak” or the “Company”), invests primarily in real estate serving the healthcare industry in the United States (“U.S.”). Healthpeak® acquires, develops, owns, leases, and manages healthcare real estate. The Company’s diverse portfolio is comprised of investments in the following reportable healthcare segments: (i) life science; (ii) medical office; and (iii) continuing care retirement community (“CCRC”).</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s corporate headquarters are in Denver, Colorado, and it has additional offices in California, Tennessee, and Massachusetts.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On February 7, 2023, Healthpeak Properties, Inc. announced its intent to complete an UPREIT reorganization. As part of the reorganization, the company formerly known as Healthpeak Properties, Inc. (“Old Healthpeak”) formed New Healthpeak, Inc. (“New Healthpeak”) as a wholly owned subsidiary, and New Healthpeak formed Healthpeak Merger Sub, Inc. (“Merger Sub”) as a wholly owned subsidiary. On February 10, 2023, Merger Sub merged with and into Old Healthpeak, with Old Healthpeak continuing as the surviving corporation and a wholly owned subsidiary of New Healthpeak (the “Merger”). In connection with the Merger, New Healthpeak changed its name to Healthpeak Properties, Inc. In connection with the UPREIT reorganization and immediately following the Merger, Old Healthpeak converted from a Maryland corporation to a Maryland limited liability company named Healthpeak OP, LLC (“Healthpeak OP”). Following the UPREIT reorganization, New Healthpeak’s business is conducted through Healthpeak OP and New Healthpeak does not have material assets or liabilities, other than through its investment in Healthpeak OP. This Quarterly Report on Form 10-Q pertains to the business and results of operations of Old Healthpeak through February 9, 2023 and of New Healthpeak from and including February 10, 2023, for the quarter ended March 31, 2023. For additional information on the UPREIT reorganization, see the Company’s Current Report on Form 8-K12B filed with the U.S. Securities and Exchange Commission (“SEC”) on February 10, 2023.</span></div>
CY2023Q1 peak Commitments Development And Redevelopment Projects And Tenant Improvements Amount Increase Decrease
CommitmentsDevelopmentAndRedevelopmentProjectsAndTenantImprovementsAmountIncreaseDecrease
-35000000 usd
CY2023Q1 peak Commitments Development And Redevelopment Projects And Tenant Improvements
CommitmentsDevelopmentAndRedevelopmentProjectsAndTenantImprovements
217000000 usd
CY2023Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 usd
CY2022Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 usd
CY2023Q1 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
296217000 usd
CY2022Q1 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
287292000 usd
CY2023Q1 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
96214000 usd
CY2022Q1 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
82858000 usd
CY2023Q1 us-gaap Direct Financing Lease Interest Income
DirectFinancingLeaseInterestIncome
0 usd
CY2022Q1 us-gaap Direct Financing Lease Interest Income
DirectFinancingLeaseInterestIncome
1168000 usd
CY2022Q1 us-gaap Proceeds From Sale Of Lease Receivables
ProceedsFromSaleOfLeaseReceivables
68000000 usd
CY2022Q1 us-gaap Gain Loss On Sale Of Notes Receivable
GainLossOnSaleOfNotesReceivable
23000000 usd
CY2023Q1 peak Properties With Direct Financing Leases Number
PropertiesWithDirectFinancingLeasesNumber
0 property
CY2022Q4 peak Properties With Direct Financing Leases Number
PropertiesWithDirectFinancingLeasesNumber
0 property
CY2022Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
706677000 usd
CY2023Q1 us-gaap Financing Receivable Unamortized Loan Commitment Origination Fee And Premium Discount
FinancingReceivableUnamortizedLoanCommitmentOriginationFeeAndPremiumDiscount
-1407000 usd
CY2022Q4 us-gaap Financing Receivable Unamortized Loan Commitment Origination Fee And Premium Discount
FinancingReceivableUnamortizedLoanCommitmentOriginationFeeAndPremiumDiscount
-808000 usd
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
6152000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
8280000 usd
CY2023Q1 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
243149000 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
374832000 usd
CY2022Q4 peak Loans And Leases Receivable Remaining Commitments
LoansAndLeasesReceivableRemainingCommitments
40000000 usd
CY2023Q1 peak Loans And Leases Receivable Remaining Commitments
LoansAndLeasesReceivableRemainingCommitments
40000000 usd
CY2023Q1 peak Loans Receivable Extension Fee
LoansReceivableExtensionFee
1000000 usd
CY2023Q1 peak Finite Lived Intangible Liabilities Accumulated Amortization
FiniteLivedIntangibleLiabilitiesAccumulatedAmortization
87227000 usd
CY2022Q4 peak Finite Lived Intangible Liabilities Accumulated Amortization
FiniteLivedIntangibleLiabilitiesAccumulatedAmortization
81271000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
8280000 usd
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
1813000 usd
CY2023Q1 us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
-171000 usd
CY2022 us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
6534000 usd
CY2023Q1 us-gaap Financing Receivable Excluding Accrued Interest Sale And Reclassification To Held For Sale
FinancingReceivableExcludingAccruedInterestSaleAndReclassificationToHeldForSale
1957000 usd
CY2022 us-gaap Financing Receivable Excluding Accrued Interest Sale And Reclassification To Held For Sale
FinancingReceivableExcludingAccruedInterestSaleAndReclassificationToHeldForSale
67000 usd
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
6152000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
8280000 usd
CY2023Q1 peak Financing Receivable Allowance For Credit Loss Excluding Accrued Interest Unfunded Loan Commitments
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterestUnfundedLoanCommitments
700000 usd
CY2022Q4 peak Financing Receivable Allowance For Credit Loss Excluding Accrued Interest Unfunded Loan Commitments
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterestUnfundedLoanCommitments
800000 usd
CY2023Q1 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
714679000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
767224000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
770285000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
375268000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
352224000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
391956000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
418061000 usd
CY2023Q1 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P5Y
CY2022 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P5Y
CY2023Q1 peak Finite Lived Intangible Liabilities Gross
FiniteLivedIntangibleLiabilitiesGross
236831000 usd
CY2022Q4 peak Finite Lived Intangible Liabilities Gross
FiniteLivedIntangibleLiabilitiesGross
237464000 usd
CY2023Q1 peak Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
149604000 usd
CY2022Q4 peak Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
156193000 usd
CY2023Q1 peak Acquired Finite Lived Intangible Liabilities Weighted Average Useful Life
AcquiredFiniteLivedIntangibleLiabilitiesWeightedAverageUsefulLife
P7Y
CY2022 peak Acquired Finite Lived Intangible Liabilities Weighted Average Useful Life
AcquiredFiniteLivedIntangibleLiabilitiesWeightedAverageUsefulLife
P7Y
CY2023Q1 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
0 usd
CY2023Q1 peak Finite Lived Intangible Liabilities Acquired
FiniteLivedIntangibleLiabilitiesAcquired
0 usd
CY2022 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
7000000 usd
CY2022 peak Finite Lived Intangible Liabilities Acquired
FiniteLivedIntangibleLiabilitiesAcquired
6000000 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
88765000 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
7024000 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
803209000 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1450523000 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
950366000 usd
CY2023Q1 peak Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
3200000000 usd
CY2023Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
6499887000 usd
CY2023Q1 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
46009000 usd
CY2023Q1 us-gaap Long Term Debt
LongTermDebt
6453878000 usd
CY2022Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.30
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.30
CY2023Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.30
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.30
CY2022Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
500000000 usd
CY2022Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
2100000 shares
CY2022Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
2100000 shares
CY2022Q3 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
27.16
CY2022Q3 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
27.16
CY2022Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
56000000 usd
CY2022Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
56000000 usd
CY2023Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
0 usd
CY2023Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
444000000 usd
CY2023Q1 us-gaap Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax
AociLossCashFlowHedgeCumulativeGainLossAfterTax
20668000 usd
CY2022Q4 us-gaap Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax
AociLossCashFlowHedgeCumulativeGainLossAfterTax
30145000 usd
CY2023Q1 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
1947000 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
2011000 usd
CY2023Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
18721000 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
28134000 usd
CY2023Q1 peak Number Of Plan Participants
NumberOfPlanParticipants
1 plan_participant
CY2022 peak Number Of Redeemable Noncontrolling Interest Redemptions
NumberOfRedeemableNoncontrollingInterestRedemptions
1 interest
CY2023Q1 peak Number Of Redeemable Noncontrolling Interests Redeemable Over Time
NumberOfRedeemableNoncontrollingInterestsRedeemableOverTime
3 interest
CY2023Q1 us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
0 shares
CY2022Q1 us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
0 shares
CY2023Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
134507000 usd
CY2022Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
75026000 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
15555000 usd
CY2022Q1 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
3730000 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
118952000 usd
CY2022Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
71296000 usd
CY2023Q1 peak Participating Securities Distributed And Undistributed Earnings Loss Basic And Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasicAndDiluted
1254000 usd
CY2022Q1 peak Participating Securities Distributed And Undistributed Earnings Loss Basic And Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasicAndDiluted
1976000 usd
CY2023Q1 peak Net Income Loss Continuing Operations Available To Common Stockholders Basic
NetIncomeLossContinuingOperationsAvailableToCommonStockholdersBasic
117698000 usd
CY2022Q1 peak Net Income Loss Continuing Operations Available To Common Stockholders Basic
NetIncomeLossContinuingOperationsAvailableToCommonStockholdersBasic
69320000 usd
CY2023Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 usd
CY2022Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
317000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
117698000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
117698000 usd
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
69637000 usd
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
69637000 usd
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
546842000 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
539352000 shares
CY2023Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
268000 shares
CY2022Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
234000 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
547110000 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
539586000 shares
CY2023Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.22
CY2022Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.13
CY2023Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0
CY2022Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.22
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.13
CY2023Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.22
CY2022Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.13
CY2023Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0
CY2022Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.22
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.13
CY2023Q1 peak Incremental Common Shares Attributable To Dilutive Effect Of Equity Awards
IncrementalCommonSharesAttributableToDilutiveEffectOfEquityAwards
1000000 shares
CY2022Q1 peak Incremental Common Shares Attributable To Dilutive Effect Of Equity Awards
IncrementalCommonSharesAttributableToDilutiveEffectOfEquityAwards
1000000 shares
CY2023Q1 peak Numberof Facilities Ownedby Unconsolidated Joint Venture
NumberofFacilitiesOwnedbyUnconsolidatedJointVenture
19 property
CY2023Q1 us-gaap Revenues
Revenues
525678000 usd
CY2023Q1 peak Government Grant Income From Cares Act
GovernmentGrantIncomeFromCARESAct
137000 usd
CY2023Q1 peak Interest Income Excluded From Adjusted Net Operating Income From Continuing Operations
InterestIncomeExcludedFromAdjustedNetOperatingIncomeFromContinuingOperations
6163000 usd
CY2023Q1 peak Real Estate Revenues From Joint Venture Attributable To Parent
RealEstateRevenuesFromJointVentureAttributableToParent
23256000 usd
CY2023Q1 peak Real Estate Revenues From Joint Venture Government Grant Income
RealEstateRevenuesFromJointVentureGovernmentGrantIncome
228000 usd
CY2023Q1 peak Real Estate Revenues From Joint Venture Attributable To Noncontrolling Interest
RealEstateRevenuesFromJointVentureAttributableToNoncontrollingInterest
9106000 usd
CY2023Q1 us-gaap Operating Expenses
OperatingExpenses
223088000 usd
CY2023Q1 peak Operating Expenses From Joint Venture Attributable To Parent Net
OperatingExpensesFromJointVentureAttributableToParentNet
16493000 usd
CY2023Q1 peak Operating Expenses From Joint Venture Attributable To Noncontrolling Interest
OperatingExpensesFromJointVentureAttributableToNoncontrollingInterest
2635000 usd
CY2023Q1 peak Non Cash Adjustments To Net Operating Income From Continuing Operations
NonCashAdjustmentsToNetOperatingIncomeFromContinuingOperations
-4624000 usd
CY2023Q1 peak Adjusted Net Operating Income From Continuing Operations
AdjustedNetOperatingIncomeFromContinuingOperations
292460000 usd
CY2023Q1 peak Reconciliation Of Operating Profit Loss From Segments To Consolidated Non Cash Adjustments
ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedNonCashAdjustments
4624000 usd
CY2023Q1 us-gaap Interest Income Operating
InterestIncomeOperating
6163000 usd
CY2023Q1 us-gaap Interest Expense
InterestExpense
47963000 usd
CY2023Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
179225000 usd
CY2023Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
24547000 usd
CY2023Q1 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
2425000 usd
CY2023Q1 peak Impairments And Allowance For Credit Loss Reserves
ImpairmentsAndAllowanceForCreditLossReserves
-2213000 usd
CY2023Q1 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
81578000 usd
CY2023Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
772000 usd
CY2023Q1 peak Interest Income Excluded From Adjusted Government Grant Income From Continuing Operations
InterestIncomeExcludedFromAdjustedGovernmentGrantIncomeFromContinuingOperations
-137000 usd
CY2023Q1 peak Net Income Loss Joint Venture Partners Attributable To Parent
NetIncomeLossJointVenturePartnersAttributableToParent
-6991000 usd
CY2023Q1 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
-6471000 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
132993000 usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
302000 usd
CY2023Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1816000 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
134507000 usd
CY2023Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
134507000 usd
CY2022Q1 us-gaap Revenues
Revenues
498372000 usd
CY2022Q1 peak Government Grant Income From Cares Act
GovernmentGrantIncomeFromCARESAct
6552000 usd
CY2022Q1 peak Interest Income Excluded From Adjusted Net Operating Income From Continuing Operations
InterestIncomeExcludedFromAdjustedNetOperatingIncomeFromContinuingOperations
5494000 usd
CY2022Q1 peak Real Estate Revenues From Joint Venture Attributable To Parent
RealEstateRevenuesFromJointVentureAttributableToParent
20208000 usd
CY2022Q1 peak Real Estate Revenues From Joint Venture Government Grant Income
RealEstateRevenuesFromJointVentureGovernmentGrantIncome
648000 usd
CY2022Q1 peak Real Estate Revenues From Joint Venture Attributable To Noncontrolling Interest
RealEstateRevenuesFromJointVentureAttributableToNoncontrollingInterest
8877000 usd
CY2022Q1 us-gaap Operating Expenses
OperatingExpenses
207247000 usd
CY2022Q1 peak Operating Expenses From Joint Venture Attributable To Parent Net
OperatingExpensesFromJointVentureAttributableToParentNet
14837000 usd
CY2022Q1 peak Operating Expenses From Joint Venture Attributable To Noncontrolling Interest
OperatingExpensesFromJointVentureAttributableToNoncontrollingInterest
2621000 usd
CY2022Q1 peak Non Cash Adjustments To Net Operating Income From Continuing Operations
NonCashAdjustmentsToNetOperatingIncomeFromContinuingOperations
-17666000 usd
CY2022Q1 peak Adjusted Net Operating Income From Continuing Operations
AdjustedNetOperatingIncomeFromContinuingOperations
274280000 usd
CY2022Q1 peak Reconciliation Of Operating Profit Loss From Segments To Consolidated Non Cash Adjustments
ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedNonCashAdjustments
17666000 usd
CY2022Q1 us-gaap Interest Income Operating
InterestIncomeOperating
5494000 usd
CY2022Q1 us-gaap Interest Expense
InterestExpense
37586000 usd
CY2022Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
177733000 usd
CY2022Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
23831000 usd
CY2022Q1 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
296000 usd
CY2022Q1 peak Impairments And Allowance For Credit Loss Reserves
ImpairmentsAndAllowanceForCreditLossReserves
132000 usd
CY2022Q1 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
3856000 usd
CY2022Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
18316000 usd
CY2022Q1 peak Interest Income Excluded From Adjusted Government Grant Income From Continuing Operations
InterestIncomeExcludedFromAdjustedGovernmentGrantIncomeFromContinuingOperations
-6552000 usd
CY2022Q1 peak Net Income Loss Joint Venture Partners Attributable To Parent
NetIncomeLossJointVenturePartnersAttributableToParent
-6019000 usd
CY2022Q1 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
-6256000 usd
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
73719000 usd
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
777000 usd
CY2022Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2084000 usd
CY2022Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
75026000 usd
CY2022Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
317000 usd
CY2022Q1 us-gaap Profit Loss
ProfitLoss
75343000 usd
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
65367000 usd
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
58487000 usd
CY2023Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
160000 usd
CY2022Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-1947000 usd
CY2023Q1 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
14093000 usd
CY2022Q1 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
8305000 usd
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
80000 usd
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
179000 usd
CY2023Q1 us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
161774000 usd
CY2022Q1 us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
163277000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
72032000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
158287000 usd
CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
0 usd
CY2021Q4 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
7707000 usd
CY2022Q4 peak Cash And Cash Equivalents Including Discontinued Operations Total
CashAndCashEquivalentsIncludingDiscontinuedOperationsTotal
72032000 usd
CY2021Q4 peak Cash And Cash Equivalents Including Discontinued Operations Total
CashAndCashEquivalentsIncludingDiscontinuedOperationsTotal
165994000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
54802000 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
53454000 usd
CY2022Q4 peak Disposal Group Including Discontinued Operation Restricted Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationRestrictedCashAndCashEquivalents
0 usd
CY2021Q4 peak Disposal Group Including Discontinued Operation Restricted Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationRestrictedCashAndCashEquivalents
0 usd
CY2022Q4 peak Restricted Cash And Cash Equivalents Including Discontinued Operations Total
RestrictedCashAndCashEquivalentsIncludingDiscontinuedOperationsTotal
54802000 usd
CY2021Q4 peak Restricted Cash And Cash Equivalents Including Discontinued Operations Total
RestrictedCashAndCashEquivalentsIncludingDiscontinuedOperationsTotal
53454000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
126834000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
211741000 usd
CY2022Q4 peak Disposal Group Including Discontinued Operations Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationsCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
0 usd
CY2021Q4 peak Disposal Group Including Discontinued Operations Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationsCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7707000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
126834000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
219448000 usd
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
59235000 usd
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
89066000 usd
CY2023Q1 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
0 usd
CY2022Q1 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
7989000 usd
CY2023Q1 peak Cash And Cash Equivalents Including Discontinued Operations Total
CashAndCashEquivalentsIncludingDiscontinuedOperationsTotal
59235000 usd
CY2022Q1 peak Cash And Cash Equivalents Including Discontinued Operations Total
CashAndCashEquivalentsIncludingDiscontinuedOperationsTotal
97055000 usd
CY2023Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
57990000 usd
CY2022Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
52103000 usd
CY2023Q1 peak Disposal Group Including Discontinued Operation Restricted Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationRestrictedCashAndCashEquivalents
0 usd
CY2022Q1 peak Disposal Group Including Discontinued Operation Restricted Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationRestrictedCashAndCashEquivalents
0 usd
CY2023Q1 peak Restricted Cash And Cash Equivalents Including Discontinued Operations Total
RestrictedCashAndCashEquivalentsIncludingDiscontinuedOperationsTotal
57990000 usd
CY2022Q1 peak Restricted Cash And Cash Equivalents Including Discontinued Operations Total
RestrictedCashAndCashEquivalentsIncludingDiscontinuedOperationsTotal
52103000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
117225000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
141169000 usd
CY2023Q1 peak Disposal Group Including Discontinued Operations Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationsCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
0 usd
CY2022Q1 peak Disposal Group Including Discontinued Operations Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationsCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7989000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
117225000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
149158000 usd
CY2023Q1 us-gaap Asset At Fair Value Changes In Fair Value Resulting From Changes In Assumptions
AssetAtFairValueChangesInFairValueResultingFromChangesInAssumptions
22000000 usd
CY2023Q1 peak Refundable Entrance Fees Current And Noncurrent
RefundableEntranceFeesCurrentAndNoncurrent
264065000 usd
CY2022Q4 peak Refundable Entrance Fees Current And Noncurrent
RefundableEntranceFeesCurrentAndNoncurrent
268972000 usd
CY2023Q1 us-gaap Construction Payable Current And Noncurrent
ConstructionPayableCurrentAndNoncurrent
161774000 usd
CY2022Q4 us-gaap Construction Payable Current And Noncurrent
ConstructionPayableCurrentAndNoncurrent
178626000 usd
CY2023Q1 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
39065000 usd
CY2022Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
59291000 usd
CY2023Q1 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
224090000 usd
CY2022Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
265596000 usd
CY2023Q1 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
688994000 usd
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
772485000 usd
CY2023Q1 us-gaap Severance Costs1
SeveranceCosts1
12000000 usd
CY2022 us-gaap Severance Costs1
SeveranceCosts1
15000000 usd
CY2023Q1 peak Nonrefundable Entrance Fees
NonrefundableEntranceFees
527476000 usd
CY2022Q4 peak Nonrefundable Entrance Fees
NonrefundableEntranceFees
518573000 usd
CY2023Q1 peak Other Deferred Revenue
OtherDeferredRevenue
350968000 usd
CY2022Q4 peak Other Deferred Revenue
OtherDeferredRevenue
325503000 usd
CY2023Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
878444000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
844076000 usd
CY2023Q1 peak Proceeds From Collection Of Nonrefundable Entrance Fees
ProceedsFromCollectionOfNonrefundableEntranceFees
29000000 usd
CY2022Q1 peak Proceeds From Collection Of Nonrefundable Entrance Fees
ProceedsFromCollectionOfNonrefundableEntranceFees
21000000 usd
CY2023Q1 peak Amortization Of Nonrefundable Entrance Fee
AmortizationOfNonrefundableEntranceFee
20000000 usd
CY2022Q1 peak Amortization Of Nonrefundable Entrance Fee
AmortizationOfNonrefundableEntranceFee
19000000 usd
CY2023Q1 us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
13000000 usd
CY2022Q1 us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
9000000 usd

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