2023 Q4 Form 10-Q Financial Statement

#000136060423000096 Filed on November 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $330.4M $342.3M
YoY Change -2.25% 11.72%
Cost Of Revenue $121.4M $131.6M
YoY Change 3.65% 17.01%
Gross Profit $209.1M $210.6M
YoY Change -5.38% 8.62%
Gross Profit Margin 63.27% 61.53%
Selling, General & Admin $14.61M $13.40M
YoY Change 1.33% -19.96%
% of Gross Profit 6.99% 6.36%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $180.0M $183.0M
YoY Change -2.8% 15.74%
% of Gross Profit 86.1% 86.89%
Operating Expenses $194.7M $196.5M
YoY Change -2.48% 12.38%
Operating Profit $14.42M $14.10M
YoY Change -32.49% -25.88%
Interest Expense -$63.55M $66.30M
YoY Change -1.25% 25.0%
% of Operating Profit -440.68% 470.24%
Other Income/Expense, Net -$74.62M
YoY Change -183.4%
Pretax Income -$41.68M -$68.60M
YoY Change 14.87% -339.73%
Income Tax
% Of Pretax Income
Net Earnings -$41.90M -$67.84M
YoY Change 15.16% -339.7%
Net Earnings / Revenue -12.68% -19.82%
Basic Earnings Per Share -$0.18
Diluted Earnings Per Share -$0.11 -$0.18
COMMON SHARES
Basic Shares Outstanding 380.9M shares 380.9M shares
Diluted Shares Outstanding 378.9M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $25.70M $25.00M
YoY Change -57.84% -56.58%
Cash & Equivalents $25.70M $24.67M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $63.20M
Other Receivables $116.9M
Total Short-Term Assets $205.8M $25.00M
YoY Change 0.62% -86.03%
LONG-TERM ASSETS
Property, Plant & Equipment $11.45B $11.87B
YoY Change -10.21% -8.93%
Goodwill $250.5M $250.5M
YoY Change 12.24% 68.26%
Intangibles
YoY Change
Long-Term Investments $319.6M $325.0M
YoY Change -4.61% -1.39%
Other Assets $125.3M $58.00M
YoY Change 24.3% -78.53%
Total Long-Term Assets $12.43B $13.08B
YoY Change -8.9% -6.69%
TOTAL ASSETS
Total Short-Term Assets $205.8M $25.00M
Total Long-Term Assets $12.43B $13.08B
Total Assets $12.64B $13.10B
YoY Change -8.75% -7.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $212.0M $205.0M
YoY Change 269.64% 233.54%
Accrued Expenses $229.7M $273.0M
YoY Change -50.77% -37.73%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $441.7M $478.0M
YoY Change -20.05% -9.5%
LONG-TERM LIABILITIES
Long-Term Debt $5.069B $5.302B
YoY Change -6.55% -6.03%
Other Long-Term Liabilities $203.3M $215.0M
YoY Change 6.66% 15.75%
Total Long-Term Liabilities $5.273B $5.517B
YoY Change -6.1% -5.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $441.7M $478.0M
Total Long-Term Liabilities $5.273B $5.517B
Total Liabilities $5.714B $5.995B
YoY Change -7.35% -5.69%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $9.606B $9.601B
YoY Change 0.16% 0.12%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.823B $7.004B
YoY Change
Total Liabilities & Shareholders Equity $12.64B $13.10B
YoY Change -8.75% -7.69%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income -$41.90M -$67.84M
YoY Change 15.16% -339.7%
Depreciation, Depletion And Amortization $180.0M $183.0M
YoY Change -2.8% 15.74%
Cash From Operating Activities $127.3M $118.2M
YoY Change -12.85% 842.73%
INVESTING ACTIVITIES
Capital Expenditures $84.95M $85.40M
YoY Change -23.9% -156.12%
Acquisitions
YoY Change
Other Investing Activities $321.6M $204.0M
YoY Change 0.44% -89.03%
Cash From Investing Activities $236.6M $118.6M
YoY Change 13.48% -93.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -362.9M -248.1M
YoY Change 3.33% -85.37%
NET CHANGE
Cash From Operating Activities 127.3M 118.2M
Cash From Investing Activities 236.6M 118.6M
Cash From Financing Activities -362.9M -248.1M
Net Change In Cash 1.038M -11.30M
YoY Change -69.27% -148.56%
FREE CASH FLOW
Cash From Operating Activities $127.3M $118.2M
Capital Expenditures $84.95M $85.40M
Free Cash Flow $42.37M $32.80M
YoY Change 22.99% -80.09%

Facts In Submission

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P6Y
CY2022Q3 us-gaap Business Combination Acquired Receivables Gross Contractual Amount
BusinessCombinationAcquiredReceivablesGrossContractualAmount
15900000 usd
us-gaap Use Of Estimates
UseOfEstimates
<div><span style="color:#000000;font-family:'Gotham Medium',sans-serif;font-size:7.75pt;font-style:italic;font-weight:700;line-height:130%">Use of Estimates in the Condensed Consolidated Financial Statements</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Century',serif;font-size:9pt;font-weight:400;line-height:140%">Preparation of the Condensed Consolidated Financial Statements in accordance with GAAP requires management to make estimates and assumptions that affect amounts reported in the Condensed Consolidated Financial Statements and accompanying notes. Actual results may differ from those estimates.</span></div>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
Reclassifications Certain reclassifications have been made on the Company's prior year Condensed Consolidated Balance Sheet to conform to current year presentation. Previously, the Company's Lease intangibles were included in Building, improvements and lease intangibles and Goodwill was included with Other assets, net. These amounts are now classified as separate line items on the Company's Condensed Consolidated Balance Sheets.
CY2023Q3 us-gaap Sale Leaseback Transaction Net Book Value
SaleLeasebackTransactionNetBookValue
120975000 usd
CY2023Q3 hr Real Estate Notes Receivable Net
RealEstateNotesReceivableNet
155000000 usd
CY2023Q3 hr Notes Receivable Maximum Loan Commitment
NotesReceivableMaximumLoanCommitment
201269000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
0 usd
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
0 usd
hr Financing Receivable Allowance For Credit Loss Reserves
FinancingReceivableAllowanceForCreditLossReserves
5196000 usd
CY2022 hr Financing Receivable Allowance For Credit Loss Reserves
FinancingReceivableAllowanceForCreditLossReserves
0 usd
CY2023Q3 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
5196000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
0 usd
CY2023Q3 hr Number Of Recognized Lease Financial Receivables
NumberOfRecognizedLeaseFinancialReceivables
2 financing_receivable
CY2023Q3 us-gaap Sales Type Lease Interest Income Lease Receivable
SalesTypeLeaseInterestIncomeLeaseReceivable
2000000 usd
us-gaap Sales Type Lease Interest Income Lease Receivable
SalesTypeLeaseInterestIncomeLeaseReceivable
6200000 usd
CY2022Q3 us-gaap Sales Type Lease Interest Income Lease Receivable
SalesTypeLeaseInterestIncomeLeaseReceivable
2000000 usd
us-gaap Sales Type Lease Interest Income Lease Receivable
SalesTypeLeaseInterestIncomeLeaseReceivable
5900000 usd
CY2023Q1 hr Number Of Real Estate Notes Receivable
NumberOfRealEstateNotesReceivable
2 financing_receivable
CY2023Q1 us-gaap Financing Receivable Excluding Accrued Interest Nonaccrual
FinancingReceivableExcludingAccruedInterestNonaccrual
48900000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4661000 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4057000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
13508000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
9270000 usd
CY2022Q3 hr Business Combination Provisional Information Initial Accounting Incomplete Adjustment Other Liabilities
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentOtherLiabilities
-8909000 usd
CY2022Q3 hr Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherLiabilities
194301000 usd
CY2022Q3 hr Business Combination Provisional Information Initial Accounting Incomplete Adjustment Liabilities Assumed
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentLiabilitiesAssumed
13844000 usd
CY2022Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
5649269000 usd
CY2022Q3 hr Business Combination Provisional Information Initial Accounting Incomplete Adjustment Net Identifiable Assets Acquired
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentNetIdentifiableAssetsAcquired
-101639000 usd
CY2022Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
5440122000 usd
CY2022Q3 us-gaap Business Combination Acquisition Of Less Than100 Percent Noncontrolling Interest Fair Value
BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue
110702000 usd
CY2022Q3 hr Business Combination Provisional Information Initial Accounting Incomplete Adjustment Goodwill
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentGoodwill
101639000 usd
CY2022Q3 us-gaap Goodwill
Goodwill
247043000 usd
CY2022Q3 us-gaap Stock Issued During Period Shares Acquisitions
StockIssuedDuringPeriodSharesAcquisitions
228520990 shares
CY2022Q3 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
24.37
CY2022Q3 hr Reverse Recapitalization Net
ReverseRecapitalizationNet
5569057000 usd
CY2022Q3 hr Business Combination Fair Value Of Legacy Hta Restricted Stock Awards Attributable To Pre Merger Services
BusinessCombinationFairValueOfLegacyHTARestrictedStockAwardsAttributableToPreMergerServices
7406000 usd
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
228857717 shares
CY2022Q3 hr Business Combination Provisional Information Initial Accounting Incomplete Land
BusinessCombinationProvisionalInformationInitialAccountingIncompleteLand
18359000 usd
CY2022Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Land
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand
1004285000 usd
CY2022Q3 hr Business Combination Provisional Information Initial Accounting Incomplete Buildings And Improvements
BusinessCombinationProvisionalInformationInitialAccountingIncompleteBuildingsAndImprovements
-119135000 usd
CY2022Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Buildings
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildings
6841283000 usd
CY2022Q3 hr Business Combination Provisional Information Initial Accounting Incomplete Indefinite Lived Intangible Assets
BusinessCombinationProvisionalInformationInitialAccountingIncompleteIndefiniteLivedIntangibleAssets
1839000 usd
CY2022Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Indefinite Lived Intangible Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIndefiniteLivedIntangibleAssets
833759000 usd
CY2022Q3 hr Business Combination Provisional Information Initial Accounting Incomplete Adjustment Financing Lease Right Of Use Assets
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentFinancingLeaseRightOfUseAssets
3146000 usd
CY2022Q3 hr Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Financing Lease Right Of Use Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedFinancingLeaseRightOfUseAssets
13020000 usd
CY2022Q3 hr Business Combination Provisional Information Initial Accounting Incomplete Adjustment Construction In Progress
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentConstructionInProgress
-6744000 usd
CY2022Q3 hr Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Construction In Progress
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedConstructionInProgress
3327000 usd
CY2022Q3 hr Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Land Held For Development
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLandHeldForDevelopment
46538000 usd
CY2022Q3 hr Business Combination Provisional Information Initial Accounting Incomplete Adjustment Real Estate Investments
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentRealEstateInvestments
-102535000 usd
CY2022Q3 hr Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Real Estate Investments
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedRealEstateInvestments
8742212000 usd
CY2022Q3 hr Business Combination Provisional Information Initial Accounting Incomplete Adjustment Assets Held For Sale Net
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentAssetsHeldForSaleNet
-7946000 usd
CY2022Q3 hr Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets Held For Sale
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsHeldForSale
699496000 usd
CY2022Q3 hr Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Investments In Unconsolidated Joint Ventures
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInvestmentsInUnconsolidatedJointVentures
67892000 usd
CY2022Q3 hr Business Combination Provisional Information Initial Accounting Incomplete Adjustment Cash And Cash Equivalents
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentCashAndCashEquivalents
11403000 usd
CY2022Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
37437000 usd
CY2022Q3 hr Business Combination Provisional Information Initial Accounting Incomplete Adjustment Restricted Cash
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentRestrictedCash
-1247000 usd
CY2022Q3 hr Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Restricted Cash
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedRestrictedCash
1122400000 usd
CY2022Q3 hr Business Combination Provisional Information Initial Accounting Incomplete Adjustment Operating Lease Right Of Use Assets
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentOperatingLeaseRightOfUseAssets
16370000 usd
CY2022Q3 hr Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Operating Lease Right Of Use Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOperatingLeaseRightOfUseAssets
214631000 usd
CY2022Q3 hr Business Combination Provisional Information Initial Accounting Incomplete Adjustment Other Assets Net
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentOtherAssetsNet
-3840000 usd
CY2022Q3 hr Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Other Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedOtherAssets
205323000 usd
CY2022Q3 hr Business Combination Provisional Information Initial Accounting Incomplete Adjustment Assets Acquired
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentAssetsAcquired
-87795000 usd
CY2022Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
11089391000 usd
CY2022Q3 hr Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Long Term Debt
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLongTermDebt
3991300000 usd
CY2022Q3 hr Business Combination Provisional Information Initial Accounting Incomplete Adjustment Accounts Payable And Accrued Liabilities
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentAccountsPayableAndAccruedLiabilities
17374000 usd
CY2022Q3 hr Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Accounts Payable And Accrued Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAccountsPayableAndAccruedLiabilities
1244944000 usd
CY2022Q3 hr Business Combination Provisional Information Initial Accounting Incomplete Adjustment Liabilities Of Assets Held For Sale
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentLiabilitiesOfAssetsHeldForSale
-3939000 usd
CY2022Q3 hr Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities Of Assets Held For Sale
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesOfAssetsHeldForSale
24738000 usd
CY2022Q3 hr Business Combination Provisional Information Initial Accounting Incomplete Adjustment Operating Lease Liabilities
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentOperatingLeaseLiabilities
10173000 usd
CY2022Q3 hr Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Operating Lease Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOperatingLeaseLiabilities
184121000 usd
CY2022Q3 hr Business Combination Provisional Information Initial Accounting Incomplete Adjustment Financing Lease Liabilities
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentFinancingLeaseLiabilities
-855000 usd
CY2022Q3 hr Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Financing Lease Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedFinancingLeaseLiabilities
9865000 usd
CY2022Q3 hr Business Combination Acquired Real Estate Notes Receivable Gross Contractual Amount
BusinessCombinationAcquiredRealEstateNotesReceivableGrossContractualAmount
78700000 usd
CY2022Q3 hr Gross Contractual Real Estate Notes Receivable Fair Value
GrossContractualRealEstateNotesReceivableFairValue
74800000 usd
CY2022Q3 us-gaap Goodwill
Goodwill
247000000 usd
CY2022Q3 us-gaap Business Acquisition Purchase Price Allocation Goodwill Expected Tax Deductible Amount
BusinessAcquisitionPurchasePriceAllocationGoodwillExpectedTaxDeductibleAmount
0 usd
CY2023Q3 hr Merger Related Costs
MergerRelatedCosts
7500000 usd
hr Merger Related Costs
MergerRelatedCosts
-3400000 usd
hr Business Combination Refund Of Transfer Taxes Paid
BusinessCombinationRefundOfTransferTaxesPaid
17800000 usd
CY2023Q3 us-gaap Payments To Acquire Land
PaymentsToAcquireLand
800000 usd
CY2023Q3 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
600000 usd
CY2023Q3 hr Number Of Properties Classified As Held For Sale
NumberOfPropertiesClassifiedAsHeldForSale
17 property
CY2023Q3 hr Number Of Corporate Entity Classified As Held For Sale
NumberOfCorporateEntityClassifiedAsHeldForSale
1 entity
CY2023Q3 hr Impairment Charge On Real Estate Assets Held For Sale
ImpairmentChargeOnRealEstateAssetsHeldForSale
15900000 usd
hr Impairment Charge On Real Estate Assets Held For Sale
ImpairmentChargeOnRealEstateAssetsHeldForSale
46400000 usd
CY2022Q4 hr Number Of Properties Classified As Held For Sale
NumberOfPropertiesClassifiedAsHeldForSale
1 property
CY2023Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
333300000 usd
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
987100000 usd
CY2022Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
298900000 usd
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
578100000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
231698000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
874750000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
770520000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
666294000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
552111000 usd
CY2023Q3 hr Lessor Operating Lease Paymenttobe Receivedafter Year Four
LessorOperatingLeasePaymenttobeReceivedafterYearFour
1918689000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
5014062000 usd
CY2023Q3 us-gaap Number Of Properties Subject To Ground Leases
NumberOfPropertiesSubjectToGroundLeases
240 property
hr Square Feet Subjectto Ground Leases
SquareFeetSubjecttoGroundLeases
17400000 sqft
hr Numberof Ground Leases Prepaid
NumberofGroundLeasesPrepaid
75 lease
CY2023Q3 hr Amortizationof Prepaid Rent
AmortizationofPrepaidRent
300000 usd
CY2022Q3 hr Amortizationof Prepaid Rent
AmortizationofPrepaidRent
100000 usd
hr Amortizationof Prepaid Rent
AmortizationofPrepaidRent
1000000 usd
hr Amortizationof Prepaid Rent
AmortizationofPrepaidRent
400000 usd
CY2023Q3 hr Numberof Ground Leases Excluding Prepaid Leases
NumberofGroundLeasesExcludingPrepaidLeases
165 lease
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
3288000 usd
CY2023Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
513000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
14062000 usd
CY2023Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
2182000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
14253000 usd
CY2023Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
2218000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
14392000 usd
CY2023Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
2255000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
14630000 usd
CY2023Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
2294000 usd
CY2023Q3 hr Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
922019000 usd
CY2023Q3 hr Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
396397000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
982644000 usd
CY2023Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
405859000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
709325000 usd
CY2023Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
331772000 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
273319000 usd
CY2023Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
74087000 usd
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
5312000 usd
CY2022Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
4204000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
15748000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
6613000 usd
CY2023Q3 us-gaap Variable Lease Cost
VariableLeaseCost
2417000 usd
CY2022Q3 us-gaap Variable Lease Cost
VariableLeaseCost
1061000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
6788000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
3123000 usd
CY2023Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
387000 usd
CY2022Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
381000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1161000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
884000 usd
CY2023Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
928000 usd
CY2022Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
861000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
2770000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1913000 usd
CY2023Q3 us-gaap Lease Cost
LeaseCost
9044000 usd
CY2022Q3 us-gaap Lease Cost
LeaseCost
6507000 usd
us-gaap Lease Cost
LeaseCost
26467000 usd
us-gaap Lease Cost
LeaseCost
12533000 usd
CY2023Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
5281000 usd
CY2022Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
3847000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
16475000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
8443000 usd
CY2023Q3 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
524000 usd
CY2022Q3 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
476000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
1592000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
1262000 usd
CY2023Q3 hr Finance Lease Principal Only Payments
FinanceLeasePrincipalOnlyPayments
7000 usd
CY2022Q3 hr Finance Lease Principal Only Payments
FinanceLeasePrincipalOnlyPayments
3000 usd
hr Finance Lease Principal Only Payments
FinanceLeasePrincipalOnlyPayments
12000 usd
hr Finance Lease Principal Only Payments
FinanceLeasePrincipalOnlyPayments
3000 usd
CY2023Q3 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 usd
CY2022Q3 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
9874000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
50463000 usd
CY2023Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
CY2022Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
198261000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
198261000 usd
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P47Y6M
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P50Y2M12D
CY2023Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P58Y2M12D
CY2022Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P60Y1M6D
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.058
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.057
CY2023Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.050
CY2022Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.050
CY2023Q3 us-gaap Long Term Debt
LongTermDebt
5227413000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
5351827000 usd
CY2023Q2 hr Debt Instrument Extension Period For Maturity Date
DebtInstrumentExtensionPeriodForMaturityDate
P1Y
CY2023Q2 us-gaap Debt Instrument Fee Amount
DebtInstrumentFeeAmount
400000 usd
CY2023Q3 us-gaap Number Of Interest Rate Derivatives Held
NumberOfInterestRateDerivativesHeld
14 derivative
CY2023Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
12016000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
6083000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
24999000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
12905000 usd
CY2023Q3 hr Derivative Net Asset Position Aggregate Fair Value
DerivativeNetAssetPositionAggregateFairValue
21500000 usd
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.93
CY2023Q3 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
380857560 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
330788997 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
380828004 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
211740767 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
1932221 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
1983742 shares
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
1941897 shares
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
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CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
378925339 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
328805255 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
378886107 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
378925339 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
378886107 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
209806810 shares
CY2023Q3 us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
0 shares
CY2022Q3 us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
0 shares
us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
0 shares
us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
0 shares
CY2023Q3 hr Incremental Common Shares Attributable To Dilutive Effect Of Op Units
IncrementalCommonSharesAttributableToDilutiveEffectOfOPUnits
0 shares
CY2022Q3 hr Incremental Common Shares Attributable To Dilutive Effect Of Op Units
IncrementalCommonSharesAttributableToDilutiveEffectOfOPUnits
3167668 shares
hr Incremental Common Shares Attributable To Dilutive Effect Of Op Units
IncrementalCommonSharesAttributableToDilutiveEffectOfOPUnits
0 shares
hr Incremental Common Shares Attributable To Dilutive Effect Of Op Units
IncrementalCommonSharesAttributableToDilutiveEffectOfOPUnits
1067493 shares
CY2023Q3 hr Incremental Common Shares Attributable To Dilutive Effect Of Employee Stock Purchase Plan
IncrementalCommonSharesAttributableToDilutiveEffectOfEmployeeStockPurchasePlan
0 shares
CY2022Q3 hr Incremental Common Shares Attributable To Dilutive Effect Of Employee Stock Purchase Plan
IncrementalCommonSharesAttributableToDilutiveEffectOfEmployeeStockPurchasePlan
58461 shares
hr Incremental Common Shares Attributable To Dilutive Effect Of Employee Stock Purchase Plan
IncrementalCommonSharesAttributableToDilutiveEffectOfEmployeeStockPurchasePlan
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IncrementalCommonSharesAttributableToDilutiveEffectOfEmployeeStockPurchasePlan
69687 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
378925339 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
378886107 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
210943990 shares
CY2023Q3 us-gaap Profit Loss
ProfitLoss
-68604000 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
28616000 usd
us-gaap Profit Loss
ProfitLoss
-240408000 usd
us-gaap Profit Loss
ProfitLoss
76973000 usd
CY2023Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
636000 usd
CY2022Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
610000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
1868000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
1817000 usd
CY2023Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2022Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
312000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
312000 usd
CY2023Q3 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
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CY2022Q3 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
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us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
0 usd
CY2023Q3 hr Net Income Lossfrom Continuing Operations Availableto Common Stockholders Basic
NetIncomeLossfromContinuingOperationsAvailabletoCommonStockholdersBasic
-68509000 usd
CY2022Q3 hr Net Income Lossfrom Continuing Operations Availableto Common Stockholders Basic
NetIncomeLossfromContinuingOperationsAvailabletoCommonStockholdersBasic
27694000 usd
hr Net Income Lossfrom Continuing Operations Availableto Common Stockholders Basic
NetIncomeLossfromContinuingOperationsAvailabletoCommonStockholdersBasic
-239718000 usd
hr Net Income Lossfrom Continuing Operations Availableto Common Stockholders Basic
NetIncomeLossfromContinuingOperationsAvailabletoCommonStockholdersBasic
74844000 usd
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.18
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.08
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.63
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.36
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.18
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.63
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.35
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P3Y
CY2023Q3 hr Employee Service Share Based Compensation Nonvested Awards Compensation Cost Not Yet Recognized Remainder Of Fiscal Year
EmployeeServiceShareBasedCompensationNonvestedAwardsCompensationCostNotYetRecognizedRemainderOfFiscalYear
4100000 usd
CY2023Q3 hr Employee Service Share Based Compensation Nonvested Awards Compensation Cost Not Yet Recognized Next Twelve Months
EmployeeServiceShareBasedCompensationNonvestedAwardsCompensationCostNotYetRecognizedNextTwelveMonths
13300000 usd
CY2023Q3 hr Employee Service Share Based Compensation Non Vested Awards Compensation Cost Not Yet Recognized Year Two
EmployeeServiceShareBasedCompensationNonVestedAwardsCompensationCostNotYetRecognizedYearTwo
10800000 usd
CY2023Q3 hr Employee Service Share Based Compensation Non Vested Awards Compensation Cost Not Yet Recognized Year Three
EmployeeServiceShareBasedCompensationNonVestedAwardsCompensationCostNotYetRecognizedYearThree
8000000.0 usd
CY2023Q3 hr Employee Service Share Based Compensation Non Vested Awards Compensation Cost Not Yet Recognized Year Four
EmployeeServiceShareBasedCompensationNonVestedAwardsCompensationCostNotYetRecognizedYearFour
2400000 usd
CY2023Q3 hr Employee Service Share Based Compensation Non Vested Awards Compensation Cost Not Yet Recognized After Year Four
EmployeeServiceShareBasedCompensationNonVestedAwardsCompensationCostNotYetRecognizedAfterYearFour
500000 usd
CY2023Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
39100000 usd
CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

Files In Submission

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hr-20230930_def.xml Edgar Link unprocessable
0001360604-23-000096-index-headers.html Edgar Link pending
0001360604-23-000096-index.html Edgar Link pending
0001360604-23-000096.txt Edgar Link pending
0001360604-23-000096-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
hr-20230930.htm Edgar Link pending
hr-20230930.xsd Edgar Link pending
hr-2023930xex221.htm Edgar Link pending
hr-2023930xex311.htm Edgar Link pending
hr-2023930xex312.htm Edgar Link pending
hr-2023930xex32.htm Edgar Link pending
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hr-20230930_cal.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
hr-20230930_pre.xml Edgar Link unprocessable
hr-20230930_lab.xml Edgar Link unprocessable
hr-20230930_htm.xml Edgar Link completed
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