2013 Q1 Form 10-Q Financial Statement

#000149229813000022 Filed on May 06, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2012 Q1
Revenue $32.02M $23.73M
YoY Change 34.96% 34.8%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $4.700M $4.300M
YoY Change 9.3% 59.26%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.246M $7.303M
YoY Change 12.91% 20.0%
% of Gross Profit
Operating Expenses $12.50M $11.60M
YoY Change 7.76% 31.82%
Operating Profit
YoY Change
Interest Expense -$10.00M -$7.700M
YoY Change 29.87% 1.32%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $9.600M $4.400M
YoY Change 118.18% 266.67%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0% 0.0%
Net Earnings $9.557M $4.405M
YoY Change 116.96% 252.96%
Net Earnings / Revenue 29.85% 18.57%
Basic Earnings Per Share $0.25 $0.12
Diluted Earnings Per Share $0.25 $0.12
COMMON SHARES
Basic Shares Outstanding 37.29M shares 37.04M shares
Diluted Shares Outstanding 37.74M shares 37.06M shares

Balance Sheet

Concept 2013 Q1 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $53.60M $2.700M
YoY Change 1885.19% -96.63%
Cash & Equivalents $53.57M $2.675M
Short-Term Investments
Other Short-Term Assets $37.50M $31.00M
YoY Change 20.97% 84.52%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $91.10M $33.70M
YoY Change 170.33% -94.12%
LONG-TERM ASSETS
Property, Plant & Equipment $819.0M $680.6M
YoY Change 20.33%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $29.50M $32.20M
YoY Change -8.39% 1.26%
Total Long-Term Assets $873.5M $712.8M
YoY Change 22.53% 2134.62%
TOTAL ASSETS
Total Short-Term Assets $91.10M $33.70M
Total Long-Term Assets $873.5M $712.8M
Total Assets $964.6M $746.5M
YoY Change 29.2% 23.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $18.40M $17.80M
YoY Change 3.37% 34.85%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $42.60M $43.30M
YoY Change -1.62% 9.62%
LONG-TERM LIABILITIES
Long-Term Debt $481.8M $382.6M
YoY Change 25.93% -0.8%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $481.8M $382.6M
YoY Change 25.93% -0.8%
TOTAL LIABILITIES
Total Short-Term Liabilities $42.60M $43.30M
Total Long-Term Liabilities $481.8M $382.6M
Total Liabilities $524.4M $425.9M
YoY Change 23.12% 0.2%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $373.0K $370.0K
YoY Change 0.81%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $440.1M $320.6M
YoY Change
Total Liabilities & Shareholders Equity $964.6M $746.5M
YoY Change 29.2% 23.38%

Cashflow Statement

Concept 2013 Q1 2012 Q1
OPERATING ACTIVITIES
Net Income $9.557M $4.405M
YoY Change 116.96% 252.96%
Depreciation, Depletion And Amortization $8.246M $7.303M
YoY Change 12.91% 20.0%
Cash From Operating Activities $21.60M $16.46M
YoY Change 31.21% 32.16%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$15.30M $0.00
YoY Change -100.0%
Cash From Investing Activities -$15.31M -$40.21M
YoY Change -61.92% 642.55%
FINANCING ACTIVITIES
Cash Dividend Paid $12.72M $12.21M
YoY Change 4.12%
Common Stock Issuance & Retirement, Net -$2.534M -$370.0K
YoY Change 584.86%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $30.17M -$15.83M
YoY Change -290.6% 1384.99%
NET CHANGE
Cash From Operating Activities $21.60M $16.46M
Cash From Investing Activities -$15.31M -$40.21M
Cash From Financing Activities $30.17M -$15.83M
Net Change In Cash $36.46M -$39.58M
YoY Change -192.14% -762.12%
FREE CASH FLOW
Cash From Operating Activities $21.60M $16.46M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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CY2012Q4 us-gaap Unsecured Debt
UnsecuredDebt
330666000 USD
CY2013Q1 us-gaap Unsecured Debt
UnsecuredDebt
330467000 USD
CY2013Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Actual results could materially differ from those estimates.</font></div></div>
CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37739964 shares
CY2012Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37058886 shares
CY2012Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37035970 shares
CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37286121 shares
CY2013Q1 sbra Amortization Of Premium On Senior Unsecured Notes
AmortizationOfPremiumOnSeniorUnsecuredNotes
-199000 USD
CY2012Q1 sbra Amortization Of Premium On Senior Unsecured Notes
AmortizationOfPremiumOnSeniorUnsecuredNotes
0 USD
CY2013Q1 sbra Common Stock At Market Stock Offering Max Possible Gross Proceeds
CommonStockAtMarketStockOfferingMaxPossibleGrossProceeds
100000000 USD
CY2013Q1 sbra Common Stock At Market Stock Offering Number Of Shares Sold
CommonStockAtMarketStockOfferingNumberOfSharesSold
0 shares
CY2013Q1 sbra Common Stock At Market Stock Offering Sales Commision
CommonStockAtMarketStockOfferingSalesCommision
0.02
CY2012Q1 sbra Income Loss From Subsidiaries
IncomeLossFromSubsidiaries
0 USD
CY2013Q1 sbra Income Loss From Subsidiaries
IncomeLossFromSubsidiaries
0 USD
CY2013Q1 sbra Interest Income
InterestIncome
547000 USD
CY2012Q1 sbra Interest Income
InterestIncome
64000 USD
CY2013Q1 sbra Liability For Uncertain Tax Positions
LiabilityForUncertainTaxPositions
24212000 USD
CY2012Q4 sbra Liability For Uncertain Tax Positions
LiabilityForUncertainTaxPositions
24212000 USD
CY2013Q1 sbra Loan Receivable Face Value
LoanReceivableFaceValue
24857000 USD
CY2012Q4 sbra Loan Receivable Face Value
LoanReceivableFaceValue
11965000 USD
CY2013Q1 sbra Loans And Leases Receiavble Effective Interest Rate
LoansAndLeasesReceiavbleEffectiveInterestRate
0.0868131404
CY2013Q1 sbra Loans And Leases Receivable Fixed Interest Rate
LoansAndLeasesReceivableFixedInterestRate
0.0877873436
CY2013Q1 sbra Loans And Leases Receivable Number Of Loans
LoansAndLeasesReceivableNumberOfLoans
3
CY2013Q1 sbra Operating Leases Weighted Average Lease Expiration Period
OperatingLeasesWeightedAverageLeaseExpirationPeriod
P11Y
CY2012Q1 sbra Payments For Proceeds From Intercompany Financing Investing Activities
PaymentsForProceedsFromIntercompanyFinancingInvestingActivities
0 USD
CY2013Q1 sbra Payments For Proceeds From Intercompany Financing Investing Activities
PaymentsForProceedsFromIntercompanyFinancingInvestingActivities
0 USD
CY2012Q1 sbra Payments Of Distributions To Parent
PaymentsOfDistributionsToParent
0 USD
CY2013Q1 sbra Payments Of Distributions To Parent
PaymentsOfDistributionsToParent
0 USD
CY2013Q1 sbra Preferred Equity Investments Number
PreferredEquityInvestmentsNumber
2 Facilities
CY2012Q4 sbra Prepaid Expenses Deferred Financing Costs And Other Assets
PrepaidExpensesDeferredFinancingCostsAndOtherAssets
29613000 USD
CY2013Q1 sbra Prepaid Expenses Deferred Financing Costs And Other Assets
PrepaidExpensesDeferredFinancingCostsAndOtherAssets
37507000 USD
CY2012Q1 sbra Proceeds From Distributions To Parent Investing Activities
ProceedsFromDistributionsToParentInvestingActivities
0 USD
CY2013Q1 sbra Proceeds From Distributions To Parent Investing Activities
ProceedsFromDistributionsToParentInvestingActivities
0 USD
CY2013Q1 sbra Total Expenses
TotalExpenses
22965000 USD
CY2012Q1 sbra Total Expenses
TotalExpenses
19322000 USD
CY2013Q1 dei Amendment Flag
AmendmentFlag
false
CY2013Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2013Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2013Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013Q1 dei Document Period End Date
DocumentPeriodEndDate
2013-03-31
CY2013Q1 dei Document Type
DocumentType
10-Q
CY2013Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001492298
CY2013Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
37333943 shares
CY2013Q1 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2013Q1 dei Entity Registrant Name
EntityRegistrantName
Sabra Health Care REIT, Inc.

Files In Submission

Name View Source Status
0001492298-13-000022-index-headers.html Edgar Link pending
0001492298-13-000022-index.html Edgar Link pending
0001492298-13-000022.txt Edgar Link pending
0001492298-13-000022-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
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report.css Edgar Link pending
sbra-20130331.xml Edgar Link completed
sbra-20130331.xsd Edgar Link pending
sbra-20130331_cal.xml Edgar Link unprocessable
sbra-20130331_def.xml Edgar Link unprocessable
sbra-20130331_lab.xml Edgar Link unprocessable
sbra-20130331_pre.xml Edgar Link unprocessable
sbra10q2013q1.htm Edgar Link pending
sbraex1212013q1.htm Edgar Link pending
sbraex3112013q1.htm Edgar Link pending
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sbraex3222013q1.htm Edgar Link pending
Show.js Edgar Link pending