2019 Q2 Form 10-Q Financial Statement

#000074026019000139 Filed on July 26, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2
Revenue $950.7M $942.3M
YoY Change 0.89% 5.23%
Cost Of Revenue $436.4M $421.9M
YoY Change 3.44% 15.15%
Gross Profit $514.3M $520.4M
YoY Change -1.17% -1.64%
Gross Profit Margin 54.1% 55.23%
Selling, General & Admin $43.10M $36.70M
YoY Change 17.44% 10.21%
% of Gross Profit 8.38% 7.05%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $226.2M $223.6M
YoY Change 1.16% -0.22%
% of Gross Profit 43.98% 42.97%
Operating Expenses $266.0M $256.6M
YoY Change 3.66% 3.89%
Operating Profit $248.3M $263.8M
YoY Change -5.88% -6.49%
Interest Expense $110.4M $113.0M
YoY Change -2.35% -0.48%
% of Operating Profit 44.45% 42.85%
Other Income/Expense, Net $11.48M -$3.500M
YoY Change -428.03% 94.44%
Pretax Income $154.1M $139.1M
YoY Change 10.78% -7.4%
Income Tax -$57.75M -$734.0K
% Of Pretax Income -37.48% -0.53%
Net Earnings $211.9M $169.3M
YoY Change 25.16% 10.68%
Net Earnings / Revenue 22.29% 17.97%
Basic Earnings Per Share $0.58 $0.47
Diluted Earnings Per Share $0.58 $0.46
COMMON SHARES
Basic Shares Outstanding 361.7M shares 356.2M shares
Diluted Shares Outstanding 365.6M shares 359.0M shares

Balance Sheet

Concept 2019 Q2 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $82.00M $94.00M
YoY Change -12.77% -8.74%
Cash & Equivalents $81.99M $93.68M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $82.00M $94.00M
YoY Change -12.77% -8.74%
LONG-TERM ASSETS
Property, Plant & Equipment $20.24B $20.14B
YoY Change 0.5% -1.97%
Goodwill $1.050B $1.034B
YoY Change 1.57% 0.02%
Intangibles
YoY Change
Long-Term Investments $161.0M $368.0M
YoY Change -56.25% 125.77%
Other Assets $58.00M $80.00M
YoY Change -27.5% -49.37%
Total Long-Term Assets $22.91B $22.61B
YoY Change 1.33% -4.83%
TOTAL ASSETS
Total Short-Term Assets $82.00M $94.00M
Total Long-Term Assets $22.91B $22.61B
Total Assets $22.99B $22.70B
YoY Change 1.28% -4.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.138B $1.134B
YoY Change 0.35% 21.94%
Accrued Expenses $345.0M $93.00M
YoY Change 270.97% 6.9%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.483B $1.227B
YoY Change 20.86% 20.65%
LONG-TERM LIABILITIES
Long-Term Debt $10.26B $10.40B
YoY Change -1.41% -12.64%
Other Long-Term Liabilities $1.000M $1.000M
YoY Change 0.0% -90.0%
Total Long-Term Liabilities $10.26B $10.40B
YoY Change -1.41% -12.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.483B $1.227B
Total Long-Term Liabilities $10.26B $10.40B
Total Liabilities $11.89B $11.87B
YoY Change 0.15% -10.28%
SHAREHOLDERS EQUITY
Retained Earnings -$3.173B -$2.529B
YoY Change 25.47% -5.94%
Common Stock $14.03B $13.16B
YoY Change 6.65% 0.38%
Preferred Stock
YoY Change
Treasury Stock (at cost) $573.0K
YoY Change
Treasury Stock Shares 11.00K shares
Shareholders Equity $10.82B $10.62B
YoY Change
Total Liabilities & Shareholders Equity $22.99B $22.70B
YoY Change 1.28% -4.85%

Cashflow Statement

Concept 2019 Q2 2018 Q2
OPERATING ACTIVITIES
Net Income $211.9M $169.3M
YoY Change 25.16% 10.68%
Depreciation, Depletion And Amortization $226.2M $223.6M
YoY Change 1.16% -0.22%
Cash From Operating Activities $393.1M $402.3M
YoY Change -2.29% 6.54%
INVESTING ACTIVITIES
Capital Expenditures -$101.0M -$103.2M
YoY Change -2.13% 16.09%
Acquisitions
YoY Change
Other Investing Activities -$338.9M $658.5M
YoY Change -151.47% -2426.86%
Cash From Investing Activities -$439.9M $555.3M
YoY Change -179.22% -573.4%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 44.90M -962.8M
YoY Change -104.66% 249.47%
NET CHANGE
Cash From Operating Activities 393.1M 402.3M
Cash From Investing Activities -439.9M 555.3M
Cash From Financing Activities 44.90M -962.8M
Net Change In Cash -1.900M -5.200M
YoY Change -63.46% -65.79%
FREE CASH FLOW
Cash From Operating Activities $393.1M $402.3M
Capital Expenditures -$101.0M -$103.2M
Free Cash Flow $494.1M $505.5M
YoY Change -2.26% 8.36%

Facts In Submission

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<div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTE 1—DESCRIPTION OF BUSINESS</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Ventas, Inc. (together with its subsidiaries, unless otherwise indicated or except where the context otherwise requires, “we,” “us” or “our”), an S&amp;P 500 company, is a real estate investment trust (“REIT”) with a highly diversified portfolio of seniors housing, research and innovation, and healthcare properties located throughout the United States, Canada and the United Kingdom. As of </span><span style="font-family:inherit;font-size:10pt;">June 30, 2019</span><span style="font-family:inherit;font-size:10pt;">, we owned approximately </span><span style="font-family:inherit;font-size:10pt;"><span>1,200</span></span><span style="font-family:inherit;font-size:10pt;"> properties (including properties owned through investments in unconsolidated entities and properties classified as held for sale), consisting of seniors housing communities, medical office buildings (“MOBs”), research and innovation centers, inpatient rehabilitation facilities (“IRFs”) and long-term acute care facilities (“LTACs”), and health systems. We had </span><span style="font-family:inherit;font-size:10pt;"><span>17</span></span><span style="font-family:inherit;font-size:10pt;"> properties under development, including </span><span style="font-family:inherit;font-size:10pt;"><span>four</span></span><span style="font-family:inherit;font-size:10pt;"> properties that are owned by unconsolidated real estate entities. Our company was originally founded in 1983 and is headquartered in Chicago, Illinois. </span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We primarily invest in seniors housing, research and innovation, and healthcare properties through acquisitions and lease our properties to unaffiliated tenants or operate them through independent third-party managers. As of </span><span style="font-family:inherit;font-size:10pt;">June 30, 2019</span><span style="font-family:inherit;font-size:10pt;">, we leased a total of </span><span style="font-family:inherit;font-size:10pt;"><span>424</span></span><span style="font-family:inherit;font-size:10pt;"> properties (excluding properties within our office operations reportable business segment) to various healthcare operating companies under “triple-net” or “absolute-net” leases that obligate the tenants to pay all property-related expenses, including maintenance, utilities, repairs, taxes, insurance and capital expenditures.</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">As of </span><span style="font-family:inherit;font-size:10pt;">June 30, 2019</span><span style="font-family:inherit;font-size:10pt;">, pursuant to long-term management agreements, we engaged independent operators, such as Atria Senior Living, Inc. (“Atria”), Sunrise Senior Living, LLC (together with its subsidiaries, “Sunrise”) and Eclipse Senior Living (“ESL”), to manage </span><span style="font-family:inherit;font-size:10pt;"><span>372</span></span><span style="font-family:inherit;font-size:10pt;"> seniors housing communities for us. </span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Our </span><span style="font-family:inherit;font-size:10pt;"><span>three</span></span><span style="font-family:inherit;font-size:10pt;"> largest tenants, Brookdale Senior Living Inc. (together with its subsidiaries, “Brookdale Senior Living”), Ardent Health Partners, LLC (together with its subsidiaries, “Ardent”) and </span><span style="font-family:inherit;font-size:10pt;">Kindred Healthcare, LLC (formerly Kindred Healthcare, Inc., together with its subsidiaries</span><span style="font-family:inherit;font-size:10pt;">, “Kindred”) leased from us </span><span style="font-family:inherit;font-size:10pt;"><span>124</span></span><span style="font-family:inherit;font-size:10pt;"> properties (excluding </span><span style="font-family:inherit;font-size:10pt;"><span>two</span></span><span style="font-family:inherit;font-size:10pt;"> properties managed by Brookdale Senior Living pursuant to a long-term management agreement), </span><span style="font-family:inherit;font-size:10pt;"><span>11</span></span><span style="font-family:inherit;font-size:10pt;"> properties and </span><span style="font-family:inherit;font-size:10pt;"><span>32</span></span><span style="font-family:inherit;font-size:10pt;"> properties, respectively, as of </span><span style="font-family:inherit;font-size:10pt;">June 30, 2019</span><span style="font-family:inherit;font-size:10pt;">. </span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><span style="font-family:inherit;font-size:10pt;"/><span style="font-family:inherit;font-size:10pt;">Through our Lillibridge Healthcare Services, Inc. subsidiary and our ownership interest in PMB Real Estate Services LLC, we also provide MOB management, leasing, marketing, facility development and advisory services to highly rated hospitals and health systems throughout the United States. In addition, from time to time, we make secured and non-mortgage loans and other investments relating to seniors housing and healthcare operators or properties.</span>
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CY2019Q2 vtr Concentration Risk Numberof Tenants
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204900000 USD
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174600000 USD
CY2019Q2 vtr Maximumofqualifiedinvestmentpotentiallyreceivedasnewmarkettaxcredit
Maximumofqualifiedinvestmentpotentiallyreceivedasnewmarkettaxcredit
0.39
CY2019Q2 vtr Amountofrecaptureperyearhistorictaxcreditsaresubjecttooneyearaftercompletionofproject
Amountofrecaptureperyearhistorictaxcreditsaresubjecttooneyearaftercompletionofproject
0.20
CY2019Q2 vtr Amountofrecapturenewmarkettaxcreditsaresubjecttountiltheendoftheseventhyearfollowingthequalifiedinvestment
Amountofrecapturenewmarkettaxcreditsaresubjecttountiltheendoftheseventhyearfollowingthequalifiedinvestment
1
CY2019Q2 vtr Deferred Rent Receivable
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266000000.0 USD
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250000000.0 USD
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44600000 USD
CY2018Q2 us-gaap Other Noncash Expense
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21300000 USD
vtr Vacantlandparcelssold
Vacantlandparcelssold
1 parcel
CY2018Q1 us-gaap Impairment Losses Related To Real Estate Partnerships
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35700000 USD
CY2019Q2 us-gaap Goodwill
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CY2018Q4 us-gaap Goodwill
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FiniteLivedIntangibleAssetsAccumulatedAmortization
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P11Y1M6D
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P22Y10M24D
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vtr Finite Lived Intangible Liabilities Below Market Leases Remaining Weighted Average Amortization Period
FiniteLivedIntangibleLiabilitiesBelowMarketLeasesRemainingWeightedAverageAmortizationPeriod
P14Y7M6D
CY2018Q4 us-gaap Below Market Lease Gross
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CY2018 vtr Finite Lived Intangible Liabilities Below Market Leases Remaining Weighted Average Amortization Period
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P14Y4M24D
CY2019Q2 vtr Other Finite Lived Intangible Liabilities Gross
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CY2018Q4 vtr Other Finite Lived Intangible Liabilities Gross
OtherFiniteLivedIntangibleLiabilitiesGross
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CY2018 vtr Finite Lived Intangible Liabilities Other Lease Intangibles Remaining Weighted Average Amortization Period
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CY2019Q2 vtr Finite Lived Intangible Liabilities Accumulated Amortization
FiniteLivedIntangibleLiabilitiesAccumulatedAmortization
196916000 USD
CY2018Q4 vtr Finite Lived Intangible Liabilities Accumulated Amortization
FiniteLivedIntangibleLiabilitiesAccumulatedAmortization
191909000 USD
CY2019Q2 vtr Indefinite Lived Intangible Liabilities Purchase Options
IndefiniteLivedIntangibleLiabilitiesPurchaseOptions
3568000 USD
CY2018Q4 vtr Indefinite Lived Intangible Liabilities Purchase Options
IndefiniteLivedIntangibleLiabilitiesPurchaseOptions
3568000 USD
CY2019Q2 vtr Finiteand Indefinite Lived Intangible Liabilities Net
FiniteandIndefiniteLivedIntangibleLiabilitiesNet
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vtr Finite Lived Intangible Liabilities Remaining Weighted Average Amortization Period
FiniteLivedIntangibleLiabilitiesRemainingWeightedAverageAmortizationPeriod
P14Y7M6D
CY2018Q4 vtr Finiteand Indefinite Lived Intangible Liabilities Net
FiniteandIndefiniteLivedIntangibleLiabilitiesNet
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CY2018 vtr Finite Lived Intangible Liabilities Remaining Weighted Average Amortization Period
FiniteLivedIntangibleLiabilitiesRemainingWeightedAverageAmortizationPeriod
P17Y2M12D
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CY2019Q2 vtr Deferred Rent Receivable
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CY2018Q4 us-gaap Deferred Rent Receivables Net
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CY2019Q2 vtr Nonmortgageloansreceivablenet
Nonmortgageloansreceivablenet
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CY2018Q4 vtr Nonmortgageloansreceivablenet
Nonmortgageloansreceivablenet
54164000 USD
CY2019Q2 us-gaap Available For Sale Securities Debt Securities
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CY2018Q4 us-gaap Available For Sale Securities Debt Securities
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CY2018Q4 us-gaap Other Intangible Assets Net
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CY2019Q2 vtr Investmentin Unconsolidated Operating Entities
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CY2018Q4 vtr Investmentin Unconsolidated Operating Entities
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OtherAssetsMiscellaneous
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CY2019Q2 us-gaap Other Assets
OtherAssets
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CY2018Q4 us-gaap Other Assets
OtherAssets
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CY2019Q2 us-gaap Commercial Paper
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CY2018Q4 us-gaap Commercial Paper
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CY2019Q2 vtr Longtermdebtandshorttermborrowingsgross
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CY2018Q4 vtr Longtermdebtandshorttermborrowingsgross
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CY2019Q2 us-gaap Deferred Finance Costs Net
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CY2018Q4 us-gaap Deferred Finance Costs Net
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CY2019Q2 vtr Debt Instrument Unamortized Fair Value Adjustment
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CY2018Q4 vtr Debt Instrument Unamortized Fair Value Adjustment
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CY2018Q4 us-gaap Debt Instrument Unamortized Discount
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CY2019Q2 vtr Longtermdebtandshorttermborrowings
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CY2018Q4 vtr Longtermdebtandshorttermborrowings
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CY2019Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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CY2019Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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CY2019Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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CY2019Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
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CY2019Q2 us-gaap Debt Instrument Carrying Amount
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CY2019Q2 vtr Lineof Credit Facilityand Commercial Paper Programamountoutstanding
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CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2019Q2 vtr Commercialpaperprogramcapacity
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CY2019Q2 us-gaap Commercial Paper
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us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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CY2019Q2 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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CY2019Q2 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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us-gaap Proceeds From Sale Of Real Estate
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us-gaap Gain Loss On Disposition Of Assets1
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24600000 USD
us-gaap Impairment Of Real Estate
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us-gaap Impairment Of Real Estate
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10700000 USD
CY2019Q2 vtr Number Of Properties Classified As Held For Sale
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1 property
CY2019Q2 us-gaap Assets Of Disposal Group Including Discontinued Operation
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1754000 USD
CY2019Q2 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
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1216000 USD
CY2018Q4 vtr Number Of Properties Classified As Held For Sale
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CY2018Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation
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CY2019Q2 vtr Secured Loans Unsecured Loans And Other Available For Sale Securities
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983800000 USD
CY2018Q4 vtr Secured Loans Unsecured Loans And Other Available For Sale Securities
SecuredLoansUnsecuredLoansAndOtherAvailableForSaleSecurities
756500000 USD
CY2019Q2 vtr Secured Loans Unsecured Loans And Other Available For Sale Securities
SecuredLoansUnsecuredLoansAndOtherAvailableForSaleSecurities
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CY2019Q2 vtr Secured Loans Unsecured Loans And Other Available For Sale Securities Amortized Cost
SecuredLoansUnsecuredLoansAndOtherAvailableForSaleSecuritiesAmortizedCost
961197000 USD
CY2019Q2 vtr Secured Loans Unsecured Loans And Other Available For Sale Securities Fair Value
SecuredLoansUnsecuredLoansAndOtherAvailableForSaleSecuritiesFairValue
982150000 USD
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SecuredLoansUnsecuredLoansAndOtherAvailableForSaleSecuritiesUnrealizedgain
22642000 USD
CY2018Q4 vtr Secured Loans Unsecured Loans And Other Available For Sale Securities
SecuredLoansUnsecuredLoansAndOtherAvailableForSaleSecurities
756475000 USD
CY2018Q4 vtr Secured Loans Unsecured Loans And Other Available For Sale Securities Amortized Cost
SecuredLoansUnsecuredLoansAndOtherAvailableForSaleSecuritiesAmortizedCost
740729000 USD
CY2018Q4 vtr Secured Loans Unsecured Loans And Other Available For Sale Securities Fair Value
SecuredLoansUnsecuredLoansAndOtherAvailableForSaleSecuritiesFairValue
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CY2018Q4 vtr Secured Loans Unsecured Loans And Other Available For Sale Securities Unrealizedgain
SecuredLoansUnsecuredLoansAndOtherAvailableForSaleSecuritiesUnrealizedgain
15746000 USD
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CY2019Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2018Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
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CY2019Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
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CY2018Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
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us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
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us-gaap Income Loss From Discontinued Operations Net Of Tax
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CY2019Q2 us-gaap Profit Loss
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CY2018Q2 us-gaap Profit Loss
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us-gaap Profit Loss
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us-gaap Profit Loss
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CY2019Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2018Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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3172000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
359301000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2019Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2018Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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347000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2019Q2 vtr Effect Of Dilutive Securities Restricted Stock Awards
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468000 shares
CY2018Q2 vtr Effect Of Dilutive Securities Restricted Stock Awards
EffectOfDilutiveSecuritiesRestrictedStockAwards
236000 shares
vtr Effect Of Dilutive Securities Restricted Stock Awards
EffectOfDilutiveSecuritiesRestrictedStockAwards
454000 shares
vtr Effect Of Dilutive Securities Restricted Stock Awards
EffectOfDilutiveSecuritiesRestrictedStockAwards
211000 shares
CY2019Q2 vtr Incremental Common Shares Attributable To Op Units
IncrementalCommonSharesAttributableToOpUnits
2998000 shares
CY2018Q2 vtr Incremental Common Shares Attributable To Op Units
IncrementalCommonSharesAttributableToOpUnits
2421000 shares
vtr Incremental Common Shares Attributable To Op Units
IncrementalCommonSharesAttributableToOpUnits
2998000 shares
vtr Incremental Common Shares Attributable To Op Units
IncrementalCommonSharesAttributableToOpUnits
2425000 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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365553000 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
359000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
363100000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
358931000 shares
CY2019Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
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CY2018Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
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us-gaap Income Loss From Continuing Operations Per Basic Share
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us-gaap Income Loss From Continuing Operations Per Basic Share
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CY2019Q2 us-gaap Earnings Per Share Basic
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0.58
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EarningsPerShareBasic
0.47
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.69
CY2019Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2018Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
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us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
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us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.69
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.58
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.46
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.93
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.68
CY2019Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.7925
CY2018Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.79
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.585
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.58
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
vtr Intersegmentsalesandtransfers
Intersegmentsalesandtransfers
0 USD
CY2019Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
398570000 USD
CY2019Q2 us-gaap Investment Income Net
InvestmentIncomeNet
19529000 USD
CY2019Q2 us-gaap Interest And Other Income
InterestAndOtherIncome
9202000 USD
CY2019Q2 us-gaap Revenues
Revenues
950717000 USD
CY2019Q2 us-gaap Revenues
Revenues
950717000 USD
CY2019Q2 us-gaap Interest And Other Income
InterestAndOtherIncome
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