$SBRA
Sabra Health Care REIT, Inc.

2014 Q4 Form 10-Q Financial Statement

#000149229814000051 Filed on November 04, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2014 Q2
Revenue $55.70M $43.98M $42.97M
YoY Change 48.14% 33.58% 33.15%
Cost Of Revenue $1.900M
YoY Change
Gross Profit $53.80M
YoY Change
Gross Profit Margin 96.59%
Selling, General & Admin $7.400M $6.200M $7.900M
YoY Change 42.31% 100.0% 132.35%
% of Gross Profit 13.75%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $14.40M $9.762M $9.755M
YoY Change 67.44% 18.21% 18.65%
% of Gross Profit 26.77%
Operating Expenses $21.90M $16.00M $17.60M
YoY Change 58.7% 45.45% 35.38%
Operating Profit $31.90M
YoY Change
Interest Expense -$14.30M -$10.50M -$11.00M
YoY Change 34.91% 8.25% 8.91%
% of Operating Profit -44.83%
Other Income/Expense, Net $700.0K -$100.0K $700.0K
YoY Change -450.0%
Pretax Income $22.20M $17.20M $14.80M
YoY Change 70.77% 45.76% -2214.29%
Income Tax $0.00
% Of Pretax Income 0.0%
Net Earnings $22.30M $17.20M $14.80M
YoY Change 71.54% 45.54% -2335.8%
Net Earnings / Revenue 40.04% 39.11% 34.44%
Basic Earnings Per Share $0.31 $0.28
Diluted Earnings Per Share $399.6K $0.31 $0.28
COMMON SHARES
Basic Shares Outstanding 54.53M shares 47.36M shares 43.66M shares
Diluted Shares Outstanding 47.88M shares 44.10M shares

Balance Sheet

Concept 2014 Q4 2014 Q3 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $61.80M $25.50M $15.10M
YoY Change 1337.21% -73.6% -83.73%
Cash & Equivalents $61.79M $25.48M $15.09M
Short-Term Investments
Other Short-Term Assets $98.70M $142.2M $69.00M
YoY Change 55.92% 221.72% 76.47%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $160.5M $167.7M $84.10M
YoY Change 137.43% 19.11% -36.24%
LONG-TERM ASSETS
Property, Plant & Equipment $1.646B $1.568B $1.036B
YoY Change 79.79% 93.78% 26.81%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $7.000M $30.70M $30.30M
YoY Change 29.63% -0.97% 1.34%
Total Long-Term Assets $1.904B $1.850B $1.292B
YoY Change 72.18% 108.66% 45.18%
TOTAL ASSETS
Total Short-Term Assets $160.5M $167.7M $84.10M
Total Long-Term Assets $1.904B $1.850B $1.292B
Total Assets $2.065B $2.017B $1.377B
YoY Change 75.94% 96.39% 34.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $31.80M $40.70M $21.10M
YoY Change 43.24% 76.19% 45.52%
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 $31.80M $64.90M $45.30M
YoY Change 43.24% 37.21% 17.05%
LONG-TERM LIABILITIES
Long-Term Debt $1.091B $1.289B $675.4M
YoY Change 57.88% 131.45% 21.08%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $1.091B $1.289B $675.4M
YoY Change 57.88% 131.45% 21.08%
TOTAL LIABILITIES
Total Short-Term Liabilities $31.80M $64.90M $45.30M
Total Long-Term Liabilities $1.091B $1.289B $675.4M
Total Liabilities $1.123B $1.354B $720.7M
YoY Change 57.41% 124.09% 20.81%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $590.0K $476.0K $473.0K
YoY Change 52.06% 27.61% 26.81%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $941.8M $663.8M $655.8M
YoY Change
Total Liabilities & Shareholders Equity $2.065B $2.017B $1.377B
YoY Change 75.94% 96.39% 34.67%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2014 Q2
OPERATING ACTIVITIES
Net Income $22.30M $17.20M $14.80M
YoY Change 71.54% 45.54% -2335.8%
Depreciation, Depletion And Amortization $14.40M $9.762M $9.755M
YoY Change 67.44% 18.21% 18.65%
Cash From Operating Activities $14.10M $42.30M $27.70M
YoY Change 9.3% 61.45% 1878.57%
INVESTING ACTIVITIES
Capital Expenditures -$771.5M -$9.700M
YoY Change 512.3%
Acquisitions
YoY Change
Other Investing Activities $738.3M -$747.7M -$26.10M
YoY Change -650.15% 26603.57% 35.23%
Cash From Investing Activities -$33.20M -$629.3M -$35.90M
YoY Change -87.24% 22375.0% 86.01%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $160.6M $219.1M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 55.40M 597.3M 19.00M
YoY Change -64.23% -3147.45% -66.73%
NET CHANGE
Cash From Operating Activities 14.10M 42.30M 27.70M
Cash From Investing Activities -33.20M -629.3M -35.90M
Cash From Financing Activities 55.40M 597.3M 19.00M
Net Change In Cash 36.30M 10.30M 10.80M
YoY Change -139.33% 171.05% -72.45%
FREE CASH FLOW
Cash From Operating Activities $14.10M $42.30M $27.70M
Capital Expenditures -$771.5M -$9.700M
Free Cash Flow $785.6M $37.40M
YoY Change 465.59%

Facts In Submission

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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>
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dei Amendment Flag
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dei Current Fiscal Year End Date
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dei Document Fiscal Period Focus
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dei Document Fiscal Year Focus
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dei Document Period End Date
DocumentPeriodEndDate
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dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001492298
CY2014Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
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dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
Sabra Health Care REIT, Inc.

Files In Submission

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