2021 Q2 Form 10-Q Financial Statement

#000074026021000161 Filed on August 06, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $919.2M $943.2M
YoY Change -2.54% -0.79%
Cost Of Revenue $494.9M $499.1M
YoY Change -0.85% 14.37%
Gross Profit $424.3M $444.1M
YoY Change -4.45% -13.65%
Gross Profit Margin 46.16% 47.08%
Selling, General & Admin $30.59M $30.00M
YoY Change 1.96% -30.39%
% of Gross Profit 7.21% 6.76%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $250.7M $349.6M
YoY Change -28.28% 54.55%
% of Gross Profit 59.09% 78.72%
Operating Expenses $262.7M $270.3M
YoY Change -2.82% 1.62%
Operating Profit $161.7M $173.8M
YoY Change -6.99% -30.0%
Interest Expense $110.1M $123.1M
YoY Change -10.62% 11.56%
% of Operating Profit 68.08% 70.85%
Other Income/Expense, Net $13.49M -$5.286M
YoY Change -355.2% -146.04%
Pretax Income $45.90M -$102.9M
YoY Change -144.61% -166.77%
Income Tax $3.641M $56.36M
% Of Pretax Income 7.93%
Net Earnings $88.29M -$159.2M
YoY Change -155.45% -175.15%
Net Earnings / Revenue 9.6% -16.88%
Basic Earnings Per Share $0.23 -$0.42
Diluted Earnings Per Share $0.23 -$0.42
COMMON SHARES
Basic Shares Outstanding 375.1M shares 373.0M shares
Diluted Shares Outstanding 378.4M shares 376.0M shares

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $233.8M $993.0M
YoY Change -76.45% 1110.98%
Cash & Equivalents $233.8M $1.000B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $233.8M $993.0M
YoY Change -76.45% 1110.98%
LONG-TERM ASSETS
Property, Plant & Equipment $20.13B $20.89B
YoY Change -3.65% 3.25%
Goodwill $1.052B $1.050B
YoY Change 0.16% -0.03%
Intangibles
YoY Change
Long-Term Investments $782.2M $427.0M
YoY Change 83.18% 165.22%
Other Assets $142.4M $118.0M
YoY Change 20.69% 103.45%
Total Long-Term Assets $23.27B $23.60B
YoY Change -1.38% 3.01%
TOTAL ASSETS
Total Short-Term Assets $233.8M $993.0M
Total Long-Term Assets $23.27B $23.60B
Total Assets $23.50B $24.59B
YoY Change -4.41% 6.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.122B $998.0M
YoY Change 12.44% -12.3%
Accrued Expenses $311.4M $367.0M
YoY Change -15.16% 6.38%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.434B $1.365B
YoY Change 5.02% -7.96%
LONG-TERM LIABILITIES
Long-Term Debt $11.76B $12.53B
YoY Change -6.13% 22.17%
Other Long-Term Liabilities $4.568M $6.000M
YoY Change -23.87% 500.0%
Total Long-Term Liabilities $11.77B $12.54B
YoY Change -6.14% 22.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.434B $1.365B
Total Long-Term Liabilities $11.77B $12.54B
Total Liabilities $13.27B $13.96B
YoY Change -4.94% 17.39%
SHAREHOLDERS EQUITY
Retained Earnings -$4.340B -$3.816B
YoY Change 13.72% 20.27%
Common Stock $14.28B $14.21B
YoY Change 0.49% 1.27%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares 14.00K shares 24.00K shares
Shareholders Equity $9.883B $10.31B
YoY Change
Total Liabilities & Shareholders Equity $23.50B $24.59B
YoY Change -4.41% 6.96%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $88.29M -$159.2M
YoY Change -155.45% -175.15%
Depreciation, Depletion And Amortization $250.7M $349.6M
YoY Change -28.28% 54.55%
Cash From Operating Activities $291.3M $405.5M
YoY Change -28.17% 3.15%
INVESTING ACTIVITIES
Capital Expenditures -$116.7M -$112.9M
YoY Change 3.38% 11.78%
Acquisitions
YoY Change
Other Investing Activities $98.21M -$56.20M
YoY Change -274.75% -83.42%
Cash From Investing Activities -$18.51M -$169.1M
YoY Change -89.06% -61.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -209.0M -2.095B
YoY Change -90.02% -4764.81%
NET CHANGE
Cash From Operating Activities 291.3M 405.5M
Cash From Investing Activities -18.51M -169.1M
Cash From Financing Activities -209.0M -2.095B
Net Change In Cash 63.78M -1.858B
YoY Change -103.43% 97694.74%
FREE CASH FLOW
Cash From Operating Activities $291.3M $405.5M
Capital Expenditures -$116.7M -$112.9M
Free Cash Flow $408.0M $518.4M
YoY Change -21.3% 4.92%

Facts In Submission

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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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CY2020Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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CY2020Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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StockIssuedDuringPeriodValueShareBasedPaymentArrangementsRestrictedStockAwardsAndOtherAfterForfeiture
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CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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StockIssuedDuringPeriodValueShareBasedPaymentArrangementsRestrictedStockAwardsAndOtherAfterForfeiture
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CY2020Q2 vtr Adjustments To Additional Paid In Capital Related To Redeemable Operating Partner Unitholder Interests To Record At Fair Value
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CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Profit Loss
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vtr Noncontrolling Interest Period Increase Decrease Including The Impact To Equity
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us-gaap Dividends Common Stock Cash
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StockIssuedDuringPeriodValueShareBasedPaymentArrangementsRestrictedStockAwardsAndOtherAfterForfeiture
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vtr Adjustments To Additional Paid In Capital Related To Redeemable Operating Partner Unitholder Interests To Record At Fair Value
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us-gaap Profit Loss
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OtherComprehensiveIncomeLossNetOfTax
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vtr Noncontrolling Interest Period Increase Decrease Including The Impact To Equity
NoncontrollingInterestPeriodIncreaseDecreaseIncludingTheImpactToEquity
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us-gaap Common Stock Dividends Per Share Cash Paid
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us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
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vtr Stock Issued During Period Value Share Based Payment Arrangements Restricted Stock Awards And Other After Forfeiture
StockIssuedDuringPeriodValueShareBasedPaymentArrangementsRestrictedStockAwardsAndOtherAfterForfeiture
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vtr Adjustments To Additional Paid In Capital Related To Redeemable Operating Partner Unitholder Interests To Record At Fair Value
AdjustmentsToAdditionalPaidInCapitalRelatedToRedeemableOperatingPartnerUnitholderInterestsToRecordAtFairValue
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vtr Adjustments To Additional Paid In Capital Stock Purchase Of Limited Partnership Units
AdjustmentsToAdditionalPaidInCapitalStockPurchaseOfLimitedPartnershipUnits
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CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Other Depreciation And Amortization
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vtr Amortizationof Deferred Revenueand Lease Intangibles
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vtr Amortizationof Deferred Revenueand Lease Intangibles
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us-gaap Other Amortization Of Deferred Charges
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us-gaap Provision For Loan Lease And Other Losses
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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StraightLineRent
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us-gaap Extinguishment Of Debt Gain Loss Net Of Tax
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us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
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us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
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vtr Gains Losses On Real Estate Loan Investments
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vtr Gains Losses On Real Estate Loan Investments
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us-gaap Other Tax Expense Benefit
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us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
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vtr Income Loss From Equity Method Investments Non Cash Portion
IncomeLossFromEquityMethodInvestmentsNonCashPortion
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EquityMethodInvestmentDividendsOrDistributions
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us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
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us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
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us-gaap Increase Decrease In Interest Payable Net
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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us-gaap Proceeds From Sale And Collection Of Loans Receivable
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us-gaap Payments To Develop Real Estate Assets
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us-gaap Payments To Acquire Other Productive Assets
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us-gaap Payments To Acquire Equity Method Investments
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Repayments Of Lines Of Credit
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us-gaap Payments Of Financing Costs
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us-gaap Proceeds From Issuance Of Common Stock
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vtr Cash Distributions To Redeemable Op Unitholders
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us-gaap Proceeds From Payments For Other Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Transfer Of Investments
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us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
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us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
614000 USD
us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
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us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
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us-gaap Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
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us-gaap Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
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2097000 USD
vtr Noncontrolling Interest Assumed From Acquisitions
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vtr Noncontrolling Interest Assumed From Acquisitions
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us-gaap Nature Of Operations
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<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTE 1—DESCRIPTION OF BUSINESS </span></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Ventas, Inc. (together with its consolidated 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”) operating at the intersection of healthcare and real estate. We hold a highly diversified portfolio of senior housing, life science, research and innovation and healthcare properties located throughout the United States, Canada and the United Kingdom. As of June 30, 2021, we owned or had investments in approximately 1,200 properties (including properties classified as held for sale), consisting of senior housing communities, medical office buildings (“MOBs”), life science, research and innovation centers, inpatient rehabilitation facilities (“IRFs”) and long-term acute care facilities (“LTACs”) and health systems, which we generally refer to as “healthcare real estate.” Our company was originally founded in 1983 and is headquartered in Chicago, Illinois with an additional corporate office in Louisville, Kentucky.</span></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We primarily invest in a diversified portfolio of healthcare real estate assets through wholly owned subsidiaries and other co-investment entities. We operate through three reportable business segments: triple-net leased properties, senior living operations, which we also refer to as SHOP, and office operations. See “Note 2 – Accounting Policies” and “Note 15 – Segment Information.” Our senior housing properties are either subject to triple-net leases, in which case they are included in our triple-net leased properties reportable business segment, or operated by independent third-party managers, in which case they are included in our senior living operations reportable business segment. </span></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of June 30, 2021, we leased a total of 358 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. Our three largest tenants, Brookdale Senior Living Inc. (together with its subsidiaries, “Brookdale Senior Living”), Ardent Health Partners, LLC (together with its subsidiaries, “Ardent”) and Kindred Healthcare, LLC (together with its subsidiaries, “Kindred”) leased from us 121 properties, 12 properties and 32 properties, respectively, as of June 30, 2021.</span></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of June 30, 2021, pursuant to long-term management agreements, we engaged independent managers, such as Atria Senior Living, Inc. (“Atria”) and Sunrise Senior Living, LLC (together with its subsidiaries, “Sunrise”), to manage 449 senior housing communities in our senior living operations segment for us. </span></div><div style="text-indent:36pt"><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 senior housing and healthcare operators or properties. </span></div><div style="text-indent:36pt"><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:107%">During fiscal 2020 and continuing into fiscal 2021, our business has been and continues to be impacted by both the COVID-19 pandemic itself, including actions taken to prevent the spread of the virus and its variants, and the consequences and effects of the pandemic on our business, including our senior housing business, which are ongoing</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:107%">.</span></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We have not identified the COVID-19 pandemic, on its own, as a “triggering event” for purposes of evaluating impairment of real estate assets, goodwill and other intangibles, investments in unconsolidated entities and financial instruments. However, as of June 30, 2021, we considered the effect of the pandemic on certain of our assets (described below) and our ability to recover the respective carrying values of these assets. We applied our considerations to existing critical accounting policies that require us to make estimates and assumptions regarding future events that affect the reported amounts of assets and liabilities. We based our estimates on our experience and on assumptions we believe to be reasonable under the circumstances. For the six months ended June 30, 2021 we recognized no COVID-19 related charges in our Consolidated Statements of Income.</span></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The trajectory and future impact of the COVID-19 pandemic remain highly uncertain, although emerging positive SHOP trends in the United States, if sustained, would improve performance over time. The extent of the pandemic’s continuing and ultimate effect on our operational and financial performance will depend on a variety of factors, including the speed at which vaccines and other clinical treatments are successfully developed and deployed; the rate of acceptance of available vaccines, particularly among the residents and staff in our senior housing communities; the impact of new variants of the virus and the effectiveness of vaccines and other clinical treatments against those variants; ongoing clinical experience, which may differ considerably across regions and fluctuate over time; and on other future developments, including the ultimate duration, spread and intensity of the outbreak, the availability of ongoing government financial support to our business, tenants and operators and the slope and pace of recovery of our senior housing business and the U.S. economy more generally. Due to these </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">uncertainties, we are not able at this time to estimate the continuing impact of the COVID-19 pandemic on our business, results of operations, financial condition and cash flows.</span></div><div style="text-indent:36pt"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Pending Merger with New Senior Investment Group</span></div><div style="text-indent:36pt"><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">On June 28, 2021, we entered into an Agreement and Plan of Merger (as amended or otherwise modified from time to time, the “Merger Agreement”) with Cadence Merger Sub LLC, our wholly owned subsidiary (“Merger Sub”), and New Senior Investment Group Inc. (“New Senior Investment Group”), pursuant to which, subject to the satisfaction or waiver of certain conditions, Merger Sub will merge with and into New Senior Investment Group, with New Senior Investment Group surviving the merger as our subsidiary (the “New Senior Investment Group Acquisition”). Under the Merger Agreement, the consideration to be paid by us in the New Senior Investment Group Acquisition will consist of 0.1561 newly issued shares of common stock, par value $0.25 per share, of Ventas, Inc. for each share of common stock, par value $0.01 per share, of New Senior Investment Group issued and outstanding immediately prior to the effective time of the New Senior Investment Group Acquisition. New Senior Investment Group has a diversified portfolio of 103 private pay senior living communities, including 102 independent living communities. The New Senior Investment Group Acquisition is expected to close during the second half of 2021, subject to customary closing conditions, including adoption of the Merger Agreement by the common stockholders of New Senior Investment Group. We cannot assure you that the New Senior Investment Group acquisition will be completed on the terms or timeline anticipated or at all.</span></div>
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CY2021Q2 us-gaap Earnings Per Share Diluted
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EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.84
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
vtr Intersegment Sales And Transfers
IntersegmentSalesAndTransfers
0 USD
CY2021Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
359611000 USD
CY2021Q2 us-gaap Interest And Dividend Income Operating
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17665000 USD
CY2021Q2 us-gaap Interest And Other Income
InterestAndOtherIncome
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CY2021Q2 us-gaap Revenues
Revenues
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CY2021Q2 us-gaap Revenues
Revenues
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CY2021Q2 us-gaap Interest And Other Income
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CY2021Q2 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
494195000 USD
CY2021Q2 us-gaap Cost Of Other Property Operating Expense
CostOfOtherPropertyOperatingExpense
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CY2021Q2 vtr Net Operating Income
NetOperatingIncome
423756000 USD
CY2021Q2 us-gaap Interest And Other Income
InterestAndOtherIncome
585000 USD
CY2021Q2 us-gaap Interest Expense
InterestExpense
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CY2021Q2 us-gaap General And Administrative Expense
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CY2021Q2 us-gaap Gains Losses On Extinguishment Of Debt
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BusinessCombinationAcquisitionRelatedCosts
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CY2021Q2 us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
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-59000 USD
CY2021Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
13490000 USD
CY2021Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
4767000 USD
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GainLossOnDispositionOfAssets1
41258000 USD
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3641000 USD
CY2021Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
88288000 USD
CY2021Q2 us-gaap Profit Loss
ProfitLoss
88288000 USD
CY2021Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1897000 USD
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
86391000 USD
CY2020Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
369165000 USD
CY2020Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
19491000 USD
CY2020Q2 us-gaap Interest And Other Income
InterestAndOtherIncome
1540000 USD
CY2020Q2 us-gaap Revenues
Revenues
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CY2020Q2 us-gaap Revenues
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CY2020Q2 us-gaap Interest And Other Income
InterestAndOtherIncome
1540000 USD
CY2020Q2 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
498605000 USD
CY2020Q2 us-gaap Cost Of Other Property Operating Expense
CostOfOtherPropertyOperatingExpense
543000 USD
CY2020Q2 vtr Net Operating Income
NetOperatingIncome
442510000 USD
CY2020Q2 us-gaap Interest And Other Income
InterestAndOtherIncome
1540000 USD
CY2020Q2 us-gaap Interest Expense
InterestExpense
123132000 USD
CY2020Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
349594000 USD
CY2020Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
28080000 USD
CY2020Q2 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
6586000 USD
CY2020Q2 us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
29655000 USD
CY2020Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-5286000 USD
CY2020Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-5850000 USD
CY2020Q2 vtr Income Loss From Equity Method Investments And Remeasurement Gain On Equity Interest In Acquiree
IncomeLossFromEquityMethodInvestmentsAndRemeasurementGainOnEquityInterestInAcquiree
-5850000 USD
CY2020Q2 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
1254000 USD
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
56356000 USD
CY2020Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-159235000 USD
CY2020Q2 us-gaap Profit Loss
ProfitLoss
-159235000 USD
CY2020Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-2065000 USD
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-157170000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
716951000 USD
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
36675000 USD
us-gaap Interest And Other Income
InterestAndOtherIncome
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us-gaap Revenues
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1829485000 USD
us-gaap Interest And Other Income
InterestAndOtherIncome
926000 USD
us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
980795000 USD
us-gaap Cost Of Other Property Operating Expense
CostOfOtherPropertyOperatingExpense
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vtr Net Operating Income
NetOperatingIncome
846488000 USD
us-gaap Interest And Other Income
InterestAndOtherIncome
926000 USD
us-gaap Interest Expense
InterestExpense
220818000 USD
us-gaap Depreciation And Amortization
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us-gaap General And Administrative Expense
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us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
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us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
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us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
4517000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
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GainLossOnDispositionOfAssets1
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
32890000 USD
us-gaap Profit Loss
ProfitLoss
32890000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3708000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
29182000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
772422000 USD
us-gaap Interest And Dividend Income Operating
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43537000 USD
us-gaap Interest And Other Income
InterestAndOtherIncome
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us-gaap Revenues
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us-gaap Interest And Other Income
InterestAndOtherIncome
6393000 USD
us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
979573000 USD
us-gaap Cost Of Other Property Operating Expense
CostOfOtherPropertyOperatingExpense
1270000 USD
vtr Net Operating Income
NetOperatingIncome
968016000 USD
us-gaap Interest Expense
InterestExpense
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us-gaap Depreciation And Amortization
DepreciationAndAmortization
598431000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
68540000 USD
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
14804000 USD
us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
29655000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
227479000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
315495000 USD
us-gaap Profit Loss
ProfitLoss
315495000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-452000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
315947000 USD
CY2021Q2 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
116744000 USD
CY2020Q2 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
110830000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
205225000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
311386000 USD
CY2021Q2 us-gaap Revenues
Revenues
919194000 USD
CY2020Q2 us-gaap Revenues
Revenues
943198000 USD
us-gaap Revenues
Revenues
1829485000 USD
us-gaap Revenues
Revenues
1955252000 USD
CY2021Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
20130030000 USD
CY2020Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
20550035000 USD

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