$SBRA
Sabra Health Care REIT, Inc.

2014 Q2 Form 10-Q Financial Statement

#000149229814000039 Filed on August 04, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $42.97M $32.28M
YoY Change 33.15% 28.5%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $7.900M $3.400M
YoY Change 132.35% -2.86%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.755M $8.222M
YoY Change 18.65% 8.8%
% of Gross Profit
Operating Expenses $17.60M $13.00M
YoY Change 35.38% 18.18%
Operating Profit
YoY Change
Interest Expense -$11.00M -$10.10M
YoY Change 8.91% 27.85%
% of Operating Profit
Other Income/Expense, Net $700.0K
YoY Change
Pretax Income $14.80M -$700.0K
YoY Change -2214.29% -111.86%
Income Tax $0.00
% Of Pretax Income
Net Earnings $14.80M -$662.0K
YoY Change -2335.8% -111.18%
Net Earnings / Revenue 34.44% -2.05%
Basic Earnings Per Share $0.28 -$0.09
Diluted Earnings Per Share $0.28 -$0.09
COMMON SHARES
Basic Shares Outstanding 43.66M shares 37.36M shares
Diluted Shares Outstanding 44.10M shares 37.36M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $15.10M $92.80M
YoY Change -83.73% 2893.55%
Cash & Equivalents $15.09M $92.77M
Short-Term Investments
Other Short-Term Assets $69.00M $39.10M
YoY Change 76.47% 70.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $84.10M $131.9M
YoY Change -36.24% 405.36%
LONG-TERM ASSETS
Property, Plant & Equipment $1.036B $817.2M
YoY Change 26.81% 16.98%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $30.30M $29.90M
YoY Change 1.34% -8.28%
Total Long-Term Assets $1.292B $890.2M
YoY Change 45.18% 18.31%
TOTAL ASSETS
Total Short-Term Assets $84.10M $131.9M
Total Long-Term Assets $1.292B $890.2M
Total Assets $1.377B $1.022B
YoY Change 34.67% 31.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $21.10M $14.50M
YoY Change 45.52% 29.46%
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 $45.30M $38.70M
YoY Change 17.05% 5.45%
LONG-TERM LIABILITIES
Long-Term Debt $675.4M $557.8M
YoY Change 21.08% 31.12%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $675.4M $557.8M
YoY Change 21.08% 31.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $45.30M $38.70M
Total Long-Term Liabilities $675.4M $557.8M
Total Liabilities $720.7M $596.5M
YoY Change 20.81% 29.09%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $473.0K $373.0K
YoY Change 26.81% 0.54%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $655.8M $425.6M
YoY Change
Total Liabilities & Shareholders Equity $1.377B $1.022B
YoY Change 34.67% 31.29%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $14.80M -$662.0K
YoY Change -2335.8% -111.18%
Depreciation, Depletion And Amortization $9.755M $8.222M
YoY Change 18.65% 8.8%
Cash From Operating Activities $27.70M $1.400M
YoY Change 1878.57% -81.58%
INVESTING ACTIVITIES
Capital Expenditures -$9.700M
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$26.10M -$19.30M
YoY Change 35.23% -48.26%
Cash From Investing Activities -$35.90M -$19.30M
YoY Change 86.01% -48.26%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $219.1M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 19.00M 57.10M
YoY Change -66.73% 90.33%
NET CHANGE
Cash From Operating Activities 27.70M 1.400M
Cash From Investing Activities -35.90M -19.30M
Cash From Financing Activities 19.00M 57.10M
Net Change In Cash 10.80M 39.20M
YoY Change -72.45% 12966.67%
FREE CASH FLOW
Cash From Operating Activities $27.70M $1.400M
Capital Expenditures -$9.700M
Free Cash Flow $37.40M
YoY Change

Facts In Submission

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us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
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0 USD
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us-gaap Revenues
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us-gaap Straight Line Rent
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us-gaap Use Of Estimates
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;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:12px;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>
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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-900000 USD
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100000 shares
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200000 shares
sbra Common Stock At Market Stock Offering Sales Commision
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0.02
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sbra Income Loss From Subsidiaries
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0 USD
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0 USD
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sbra Interest Income
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10245000 USD
sbra Interest Income
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1304000 USD
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0.086
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CY2013Q4 sbra Loan Receivable Face Value
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CY2014Q2 sbra Numberof Investments
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sbra Operating Leases Weighted Average Lease Expiration Period
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P10Y
sbra Paymentofcontingentconsideration
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sbra Payments For Proceeds From Intercompany Financing Investing Activities
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CY2014Q2 sbra Preferred Equity Investments Number
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CY2014Q2 sbra Prepaid Expenses Deferred Financing Costs And Other Assets
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CY2013Q2 sbra Total Expenses
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CY2014Q2 sbra Stock Issued During Period Shares New Issues Underwriters Option
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sbra Total Expenses
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sbra Total Expenses
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dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001492298
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
47263151 shares
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
Sabra Health Care REIT, Inc.

Files In Submission

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0001492298-14-000039.txt Edgar Link pending
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