2013 Q4 Form 10-K Financial Statement

#000149229814000011 Filed on February 28, 2014

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2013 Q2
Revenue $37.60M $32.93M $32.28M
YoY Change 32.86% 26.45% 28.5%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $5.200M $3.100M $3.400M
YoY Change 15.56% -18.42% -2.86%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.600M $8.258M $8.222M
YoY Change 8.86% 10.17% 8.8%
% of Gross Profit
Operating Expenses $13.80M $11.00M $13.00M
YoY Change 11.29% -2.65% 18.18%
Operating Profit
YoY Change
Interest Expense -$10.60M -$9.700M -$10.10M
YoY Change 9.28% 2.11% 27.85%
% of Operating Profit
Other Income/Expense, Net -$200.0K
YoY Change -109.09%
Pretax Income $13.00M $11.80M -$700.0K
YoY Change 225.0% 126.92% -111.86%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income 0.0% 0.0%
Net Earnings $13.00M $11.82M -$662.0K
YoY Change 225.0% 126.2% -111.18%
Net Earnings / Revenue 34.57% 35.9% -2.05%
Basic Earnings Per Share $0.25 -$0.09
Diluted Earnings Per Share $331.6K $0.24 -$0.09
COMMON SHARES
Basic Shares Outstanding 37.88M shares 37.36M shares 37.36M shares
Diluted Shares Outstanding 37.83M shares 37.36M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.300M $96.60M $92.80M
YoY Change -74.85% 216.72% 2893.55%
Cash & Equivalents $4.308M $96.64M $92.77M
Short-Term Investments
Other Short-Term Assets $63.30M $44.20M $39.10M
YoY Change 113.85% 65.54% 70.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $67.60M $140.8M $131.9M
YoY Change 44.75% 146.15% 405.36%
LONG-TERM ASSETS
Property, Plant & Equipment $915.4M $809.3M $817.2M
YoY Change 10.68% 10.39% 16.98%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.400M $31.00M $29.90M
YoY Change -82.58% 0.98% -8.28%
Total Long-Term Assets $1.106B $886.5M $890.2M
YoY Change 27.1% 12.81% 18.31%
TOTAL ASSETS
Total Short-Term Assets $67.60M $140.8M $131.9M
Total Long-Term Assets $1.106B $886.5M $890.2M
Total Assets $1.174B $1.027B $1.022B
YoY Change 28.0% 21.85% 31.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $22.20M $23.10M $14.50M
YoY Change 89.74% 29.78% 29.46%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $22.20M $47.30M $38.70M
YoY Change -38.16% 9.24% 5.45%
LONG-TERM LIABILITIES
Long-Term Debt $691.2M $556.8M $557.8M
YoY Change 20.1% 14.0% 31.12%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $691.2M $556.8M $557.8M
YoY Change 20.1% 14.0% 31.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $22.20M $47.30M $38.70M
Total Long-Term Liabilities $691.2M $556.8M $557.8M
Total Liabilities $713.5M $604.1M $596.5M
YoY Change 16.69% 13.61% 29.09%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $388.0K $373.0K $373.0K
YoY Change 4.58% 0.54% 0.54%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $460.2M $423.2M $425.6M
YoY Change
Total Liabilities & Shareholders Equity $1.174B $1.027B $1.022B
YoY Change 28.0% 21.85% 31.29%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2013 Q2
OPERATING ACTIVITIES
Net Income $13.00M $11.82M -$662.0K
YoY Change 225.0% 126.2% -111.18%
Depreciation, Depletion And Amortization $8.600M $8.258M $8.222M
YoY Change 8.86% 10.17% 8.8%
Cash From Operating Activities $12.90M $26.20M $1.400M
YoY Change 53.57% 10.08% -81.58%
INVESTING ACTIVITIES
Capital Expenditures -$126.0M
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$134.2M -$2.800M -$19.30M
YoY Change 37.64% -93.59% -48.26%
Cash From Investing Activities -$260.1M -$2.800M -$19.30M
YoY Change 166.77% -93.59% -48.26%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 154.9M -19.60M 57.10M
YoY Change 104.62% -141.44% 90.33%
NET CHANGE
Cash From Operating Activities 12.90M 26.20M 1.400M
Cash From Investing Activities -260.1M -2.800M -19.30M
Cash From Financing Activities 154.9M -19.60M 57.10M
Net Change In Cash -92.30M 3.800M 39.20M
YoY Change 588.81% -86.13% 12966.67%
FREE CASH FLOW
Cash From Operating Activities $12.90M $26.20M $1.400M
Capital Expenditures -$126.0M
Free Cash Flow $138.9M
YoY Change

Facts In Submission

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OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
135543000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
132263000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
129218000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
894424000 USD
CY2013 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
128988000 USD
CY2013Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
5800000 shares
CY2013Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2012Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2012Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2011 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
80678000 USD
CY2012 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
101742000 USD
CY2013 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-800000 USD
CY2011 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
0 USD
CY2012 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
2196000 USD
CY2013 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
165960000 USD
CY2011 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
0 USD
CY2012 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
22180000 USD
CY2011 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 USD
CY2012 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 USD
CY2012 us-gaap Payments Of Dividends
PaymentsOfDividends
48929000 USD
CY2011 us-gaap Payments Of Dividends
PaymentsOfDividends
31640000 USD
CY2013 us-gaap Payments Of Dividends
PaymentsOfDividends
58151000 USD
CY2011 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
677000 USD
CY2012 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
6800000 USD
CY2013 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
8954000 USD
CY2012 us-gaap Payments To Acquire Furniture And Fixtures
PaymentsToAcquireFurnitureAndFixtures
1046000 USD
CY2011 us-gaap Payments To Acquire Furniture And Fixtures
PaymentsToAcquireFurnitureAndFixtures
86000 USD
CY2013 us-gaap Payments To Acquire Furniture And Fixtures
PaymentsToAcquireFurnitureAndFixtures
764000 USD
CY2011 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
0 USD
CY2013 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
7038000 USD
CY2012 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
0 USD
CY2011 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
5348000 USD
CY2013 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
125955000 USD
CY2012 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
205424000 USD
CY2011 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
204500000 USD
CY2013 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.07125
CY2012 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
0 USD
CY2013 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
7966000 USD
CY2011 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
0 USD
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2012Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2013Q1 us-gaap Preferred Stock Redemption Price Per Share
PreferredStockRedemptionPricePerShare
25.00
CY2012Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2012Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2013Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
5750000 shares
CY2012 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
10000000 USD
CY2013 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
0 USD
CY2011 us-gaap Proceeds From Contributions From Parent
ProceedsFromContributionsFromParent
0 USD
CY2012 us-gaap Proceeds From Contributions From Parent
ProceedsFromContributionsFromParent
0 USD
CY2013Q4 us-gaap Preferred Stock Value
PreferredStockValue
58000 USD
CY2011 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
163242000 USD
CY2012 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
53000 USD
CY2013 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
34517000 USD
CY2013 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;padding-bottom:12px;padding-top:6px;text-align:left;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain amounts in the Company&#8217;s consolidated financial statements for prior periods have been reclassified to conform to the current period presentation. These reclassifications have not changed the results of operations of prior periods. As a result, certain reclassifications were made to the consolidated statements of income, consolidated statements of cash flows and footnote disclosures for all periods presented.</font></div></div>
CY2011 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
5348000 USD
CY2012 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0 USD
CY2011 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0 USD
CY2013 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
138249000 USD
CY2013Q1 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
138300000 USD
CY2011 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
500000 USD
CY2012 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
500000 USD
CY2011 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
0 USD
CY2012 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
106000000 USD
CY2013 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
200000000 USD
CY2011 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
CY2013 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
143500000 USD
CY2012 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
135000000 USD
CY2011 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
CY2012 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
CY2013 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
CY2012 us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
0 USD
CY2011 us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
0 USD
CY2013 us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
2208000 USD
CY2013 us-gaap Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
0 USD
CY2011 us-gaap Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
0 USD
CY2012 us-gaap Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
56651000 USD
CY2013Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
151078000 USD
CY2010Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
87382000 USD
CY2010Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
107331000 USD
CY2012Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
129479000 USD
CY2013 us-gaap Real Estate Accumulated Depreciation Other Deductions
RealEstateAccumulatedDepreciationOtherDeductions
11111000 USD
CY2012 us-gaap Real Estate Accumulated Depreciation Other Deductions
RealEstateAccumulatedDepreciationOtherDeductions
7494000 USD
CY2010Q4 us-gaap Real Estate Accumulated Depreciation Other Deductions
RealEstateAccumulatedDepreciationOtherDeductions
6226000 USD
CY2013Q4 us-gaap Real Estate And Accumulated Depreciation Amount Of Encumbrances
RealEstateAndAccumulatedDepreciationAmountOfEncumbrances
141328000 USD
CY2013Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
934885000 USD
CY2013Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
131611000 USD
CY2013Q4 us-gaap Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Carrying Costs
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionCarryingCosts
1913000 USD
CY2013Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
1066496000 USD
CY2012Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
956614000 USD
CY2013Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
957803000 USD
CY2013Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
131611000 USD
CY2010Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
564355000 USD
CY2010Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
760708000 USD
CY2012 us-gaap Real Estate Improvements
RealEstateImprovements
1046000 USD
CY2013 us-gaap Real Estate Improvements
RealEstateImprovements
764000 USD
CY2010Q4 us-gaap Real Estate Improvements
RealEstateImprovements
9000 USD
CY2012Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
129479000 USD
CY2013Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
151078000 USD
CY2012Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
956614000 USD
CY2013Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1066496000 USD
CY2012Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
827135000 USD
CY2013Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
915418000 USD
CY2010Q4 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
202570000 USD
CY2013 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
120229000 USD
CY2012 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
202458000 USD
CY2010Q4 us-gaap Real Estate Other Deductions
RealEstateOtherDeductions
6226000 USD
CY2012 us-gaap Real Estate Other Deductions
RealEstateOtherDeductions
7494000 USD
CY2013 us-gaap Real Estate Other Deductions
RealEstateOtherDeductions
11111000 USD
CY2012 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
42500000 USD
CY2011 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 USD
CY2013 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
100500000 USD
CY2011 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
3027000 USD
CY2012 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
62226000 USD
CY2013 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
10994000 USD
CY2011 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
0 USD
CY2013 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
113750000 USD
CY2012 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
0 USD
CY2012Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
4589000 USD
CY2013Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
5352000 USD
CY2013 us-gaap Revenue Recognition Leases
RevenueRecognitionLeases
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Rental Revenue Recognition </font></div><div style="line-height:120%;padding-bottom:12px;padding-top:6px;text-align:left;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company recognizes rental revenue from tenants, including rental abatements, lease incentives and contractual fixed increases attributable to operating leases, on a straight-line basis over the term of the related leases when collectability is reasonably assured. If the lease provides for tenant improvements, the Company determines whether the tenant improvements, for accounting purposes, are owned by the tenant or by the Company. When the Company is the owner of the tenant improvements, the tenant is not considered to have taken physical possession or have control of the physical use of the leased asset until the tenant improvements are substantially completed. When the tenant is the owner of the tenant improvements, any tenant improvement allowance that is funded is treated as a lease incentive and amortized as a reduction of revenue over the lease term.</font></div><div style="line-height:120%;padding-bottom:12px;text-align:left;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company makes estimates of the collectibility of its tenant receivables related to base rents, straight-line rent and other revenues. When the Company analyzes accounts receivable and evaluates the adequacy of the allowance for doubtful accounts, it considers such things as historical bad debts, tenant creditworthiness, current economic trends, current developments relevant to a tenant&#8217;s business specifically and to its business category generally, and changes in tenants&#8217; payment patterns.</font></div></div>
CY2011 us-gaap Revenues
Revenues
84225000 USD
CY2013 us-gaap Revenues
Revenues
134780000 USD
CY2012 us-gaap Revenues
Revenues
103170000 USD
CY2013 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
32710000 USD
CY2010Q4 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
26175000 USD
CY2012 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
29642000 USD
CY2012Q4 us-gaap Secured Debt
SecuredDebt
152322000 USD
CY2013Q4 us-gaap Secured Debt
SecuredDebt
141328000 USD
CY2012Q4 us-gaap Security Deposit Liability
SecurityDepositLiability
1100000 USD
CY2013Q4 us-gaap Security Deposit Liability
SecurityDepositLiability
1600000 USD
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
8279000 USD
CY2011 us-gaap Share Based Compensation
ShareBasedCompensation
4600000 USD
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
7819000 USD
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
456921 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
664214 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
690107 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
513750 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
2100000 USD
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
1300000 USD
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
10700000 USD
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
42857 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1800000 USD
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
200000 USD
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
200000 USD
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageIntrinsicValue
0.00
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
0 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.00
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1011000 USD
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
574000 USD
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
64286 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
362770 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
17.22
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
18.97
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
19.35
CY2013Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
381000 USD
CY2013Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
17.24
CY2013 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P2Y8M
CY2013 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P2Y11M
CY2012 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P2Y8M
CY2013 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
298484 shares
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
460164000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
305488000 USD
CY2010Q4 us-gaap Stockholders Equity
StockholdersEquity
177533000 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
326573000 USD
CY2013 us-gaap Straight Line Rent
StraightLineRent
14709000 USD
CY2012 us-gaap Straight Line Rent
StraightLineRent
4893000 USD
CY2011 us-gaap Straight Line Rent
StraightLineRent
2092000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
25540000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
24212000 USD
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
1328000 USD
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
0 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
0 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2012Q4 us-gaap Unsecured Debt
UnsecuredDebt
330666000 USD
CY2013Q4 us-gaap Unsecured Debt
UnsecuredDebt
414402000 USD
CY2013 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;text-align:left;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-bottom:12px;padding-top:6px;text-align:left;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could materially differ from those estimates. </font></div></div>
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38071926 shares
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30171225 shares
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37321517 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37514637 shares
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
30109417 shares
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37061111 shares
CY2013 sbra Common Stock At Market Stock Offering Max Possible Gross Proceeds
CommonStockAtMarketStockOfferingMaxPossibleGrossProceeds
100000000 USD
CY2013 sbra Common Stock At Market Stock Offering Sales Commision
CommonStockAtMarketStockOfferingSalesCommision
0.02
CY2013 sbra Debt Instrument Prepayment Fee
DebtInstrumentPrepaymentFee
0.005
CY2012 sbra Income Loss From Subsidiaries
IncomeLossFromSubsidiaries
0 USD
CY2011 sbra Income Loss From Subsidiaries
IncomeLossFromSubsidiaries
0 USD
CY2013 sbra Income Loss From Subsidiaries
IncomeLossFromSubsidiaries
0 USD
CY2011Q1 sbra Income Tax Built In Gains Associated To Properties
IncomeTaxBuiltInGainsAssociatedToProperties
145800000 USD
CY2013 sbra Interest Income
InterestIncome
5792000 USD
CY2011 sbra Interest Income
InterestIncome
3547000 USD
CY2012 sbra Interest Income
InterestIncome
1428000 USD
CY2012Q4 sbra Liability For Uncertain Tax Positions
LiabilityForUncertainTaxPositions
24212000 USD
CY2013Q4 sbra Liability For Uncertain Tax Positions
LiabilityForUncertainTaxPositions
24212000 USD
CY2012Q4 sbra Loan Receivable Face Value
LoanReceivableFaceValue
11965000 USD
CY2013Q4 sbra Loans And Leases Receiavble Effective Interest Rate
LoansAndLeasesReceiavbleEffectiveInterestRate
0.0829977748
CY2013Q4 sbra Loans And Leases Receivable Fixed Interest Rate
LoansAndLeasesReceivableFixedInterestRate
0.0843237633
CY2013Q4 sbra Loans And Leases Receivable Number Of Loans
LoansAndLeasesReceivableNumberOfLoans
10 Facilities
CY2011 sbra Lossonextinguishmentofdebtnoncash
Lossonextinguishmentofdebtnoncash
0 USD
CY2013 sbra Lossonextinguishmentofdebtnoncash
Lossonextinguishmentofdebtnoncash
-859000 USD
CY2012 sbra Lossonextinguishmentofdebtnoncash
Lossonextinguishmentofdebtnoncash
-628000 USD
CY2013Q4 sbra Operating Leases Weighted Average Lease Expiration Period
OperatingLeasesWeightedAverageLeaseExpirationPeriod
P11Y
CY2011 sbra Paymentofcontingentconsideration
Paymentofcontingentconsideration
0 USD
CY2013 sbra Paymentofcontingentconsideration
Paymentofcontingentconsideration
1300000 USD
CY2012 sbra Paymentofcontingentconsideration
Paymentofcontingentconsideration
0 USD
CY2011 sbra Payments For Proceeds From Intercompany Financing Investing Activities
PaymentsForProceedsFromIntercompanyFinancingInvestingActivities
0 USD
CY2012 sbra Payments For Proceeds From Intercompany Financing Investing Activities
PaymentsForProceedsFromIntercompanyFinancingInvestingActivities
0 USD
CY2013 sbra Payments For Proceeds From Intercompany Financing Investing Activities
PaymentsForProceedsFromIntercompanyFinancingInvestingActivities
0 USD
CY2011 sbra Payments Of Distributions To Parent
PaymentsOfDistributionsToParent
0 USD
CY2012 sbra Payments Of Distributions To Parent
PaymentsOfDistributionsToParent
0 USD
CY2013 sbra Payments Of Distributions To Parent
PaymentsOfDistributionsToParent
0 USD
CY2013Q4 sbra Preferred Equity Investments Number
PreferredEquityInvestmentsNumber
2 Facilities
CY2012Q4 sbra Prepaid Expenses Deferred Financing Costs And Other Assets
PrepaidExpensesDeferredFinancingCostsAndOtherAssets
29613000 USD
CY2013Q4 sbra Prepaid Expenses Deferred Financing Costs And Other Assets
PrepaidExpensesDeferredFinancingCostsAndOtherAssets
63252000 USD
CY2011 sbra Proceeds From Distributions To Parent Investing Activities
ProceedsFromDistributionsToParentInvestingActivities
0 USD
CY2012 sbra Proceeds From Distributions To Parent Investing Activities
ProceedsFromDistributionsToParentInvestingActivities
0 USD
CY2013 sbra Proceeds From Distributions To Parent Investing Activities
ProceedsFromDistributionsToParentInvestingActivities
0 USD
CY2013Q4 sbra Real Estate And Accumulated Depreciation Initial Cost
RealEstateAndAccumulatedDepreciationInitialCost
1089414000 USD
CY2013Q4 sbra Real Estate And Accumulated Depreciation Initial Cost Tax Basis
RealEstateAndAccumulatedDepreciationInitialCostTaxBasis
1100000000 USD
CY2013 sbra Real Estate Purchase Price Allocation Adjustment
RealEstatePurchasePriceAllocationAdjustment
0 USD
CY2012 sbra Real Estate Purchase Price Allocation Adjustment
RealEstatePurchasePriceAllocationAdjustment
104000 USD
CY2010Q4 sbra Real Estate Purchase Price Allocation Adjustment
RealEstatePurchasePriceAllocationAdjustment
0 USD
CY2013 sbra Unrecognized Share Based Compensation Weighted Average Remaining Period
UnrecognizedShareBasedCompensationWeightedAverageRemainingPeriod
P2Y5M
CY2013 dei Amendment Flag
AmendmentFlag
false
CY2013 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2011 sbra Share Based Compensation Options Vested In Period Fair Value
ShareBasedCompensationOptionsVestedInPeriodFairValue
700000 USD
CY2012 sbra Share Based Compensation Options Vested In Period Fair Value
ShareBasedCompensationOptionsVestedInPeriodFairValue
600000 USD
CY2013 sbra Share Based Compensation Options Vested In Period Fair Value
ShareBasedCompensationOptionsVestedInPeriodFairValue
300000 USD
CY2013Q4 sbra Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Options Exercisable Lower Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOptionsExercisableLowerRangeLimit
17.17
CY2013Q4 sbra Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Options Exercisable Upper Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOptionsExercisableUpperRangeLimit
17.31
CY2013 sbra Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Options Exercises In Period Lower Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOptionsExercisesInPeriodLowerRangeLimit
14.37
CY2013 sbra Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Options Exercises In Period Upper Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOptionsExercisesInPeriodUpperRangeLimit
21.83
CY2013 sbra Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Options Forfeitures In Period Lower Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOptionsForfeituresInPeriodLowerRangeLimit
0
CY2013 sbra Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Options Forfeitures In Period Upper Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOptionsForfeituresInPeriodUpperRangeLimit
0
CY2013 sbra Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Options Grants In Period Lower Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOptionsGrantsInPeriodLowerRangeLimit
0
CY2013 sbra Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Options Grants In Period Upper Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOptionsGrantsInPeriodUpperRangeLimit
0
CY2012Q4 sbra Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Options Outstanding Lower Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOptionsOutstandingLowerRangeLimit
14.37
CY2013Q4 sbra Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Options Outstanding Lower Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOptionsOutstandingLowerRangeLimit
17.17
CY2012Q4 sbra Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Options Outstanding Upper Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOptionsOutstandingUpperRangeLimit
21.83
CY2013Q4 sbra Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Options Outstanding Upper Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOptionsOutstandingUpperRangeLimit
17.31
CY2013 sbra Share Based Reinvested In Period
ShareBasedReinvestedInPeriod
30936 shares
CY2013 sbra Total Expenses
TotalExpenses
90164000 USD
CY2013 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-12-31
CY2013 dei Document Type
DocumentType
10-K
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0001492298
CY2014Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
38932617 shares
CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2011 sbra Total Expenses
TotalExpenses
71383000 USD
CY2012 sbra Total Expenses
TotalExpenses
83183000 USD
CY2012 sbra Totalotherincomeexpense
Totalotherincomeexpense
-474000 USD
CY2013 sbra Totalotherincomeexpense
Totalotherincomeexpense
-10901000 USD
CY2011 sbra Totalotherincomeexpense
Totalotherincomeexpense
0 USD
CY2013 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2013Q2 dei Entity Public Float
EntityPublicFloat
953400000 USD
CY2013 dei Entity Registrant Name
EntityRegistrantName
Sabra Health Care REIT, Inc.
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes

Files In Submission

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0001492298-14-000011-index-headers.html Edgar Link pending
0001492298-14-000011-index.html Edgar Link pending
0001492298-14-000011.txt Edgar Link pending
0001492298-14-000011-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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report.css Edgar Link pending
sabrastockchart.jpg Edgar Link pending
sbra-20131231.xml Edgar Link completed
sbra-20131231.xsd Edgar Link pending
sbra-20131231_cal.xml Edgar Link unprocessable
sbra-20131231_def.xml Edgar Link unprocessable
sbra-20131231_lab.xml Edgar Link unprocessable
sbra-20131231_pre.xml Edgar Link unprocessable
sbra10k2013.htm Edgar Link pending
sbraex10162014bonusplan.htm Edgar Link pending
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