← Filings of DOC
Tables in the 10-Q of HEALTHPEAK PROPERTIES, INC.
61 tables with numbers, filed Nov 4, 2014. Each one downloads as a CSV for Excel or
Google Sheets, with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed.
Open the filing on sec.gov ↗
| PART I. FINANCIAL INFORMATION | | |
| Item 1. | Financial Statements: | |
| Condensed Consolidated Balance Sheets | 3 |
| Condensed Consolidated Statements of Income | 4 |
| Condensed Consolidated Statements of Comprehensive Income | 5 |
| Condensed Consolidated Statements of Equity | 6 |
| Condensed Consolidated Statements of Cash Flows | 7 |
| Notes to the Condensed Consolidated Financial Statements | 8 |
First 8 of 16 rows. The CSV has all of them.
| September 30, | | December 31, | |
| 2014 | | 2013 | |
| ASSETS | | | | |
| Real estate: | | | | |
| Buildings and improvements | $10,852,544 | | $10,544,110 | |
| Development costs and construction in progress | | 261,514 | | 225,869 |
| Land | | 1,885,081 | | 1,822,862 |
| Accumulated depreciation and amortization | | (2,159,115) | | (1,965,592) |
First 8 of 40 rows. The CSV has all of them.
| Three Months Ended September 30, | | Nine Months Ended September 30, | | | | |
| 2014 | | 2013 | 2014 | 2013 | | |
| Revenues: | | | | | | | |
| Rental and related revenues | $321,451 | | $284,072 | $894,465 | $843,380 | | |
| Tenant recoveries | | 29,323 | | 25,920 | | 81,867 | 75,266 |
| Resident fees and services | | 62,213 | | 36,370 | | 138,205 | 108,509 |
| Income from direct financing leases | | 165,687 | | 157,253 | | 495,724 | 472,409 |
| Interest income | | 17,517 | | 42,078 | | 51,150 | 68,611 |
First 8 of 42 rows. The CSV has all of them.
| Three Months Ended September 30, | | Nine Months Ended September 30, | | | | |
| 2014 | | 2013 | 2014 | 2013 | | |
| Net income | $251,059 | | $236,858 | $736,961 | $687,367 | | |
| Other comprehensive income (loss): | | | | | | | |
| Change in net unrealized gains (losses) on securities: | | | | | | | |
| Unrealized gains (losses) | | (1) | | — | | (5) | 1,355 |
| Reclassification adjustment realized in net income | | — | | — | | — | (9,131) |
| Change in net unrealized gains (losses) on cash flow hedges: | | | | | | | |
First 8 of 16 rows. The CSV has all of them.
| | | | | | | | Cumulative | | Accumulated | | | | | | | |
| | | | | Additional | | Dividends | | Other | | Total | | Total | | | | |
| Common Stock | Paid-In | | In Excess | | Comprehensive | | Stockholders’ | | Noncontrolling | | Total | | | | | |
| Shares | Amount | | Capital | | Of Earnings | | Income (Loss) | | Equity | | Interests | | Equity | | | |
| January 1, 2014 | 456,961 | $456,961 | | $11,334,041 | | $(1,053,215) | | $(14,487) | | $10,723,300 | | $207,834 | | $10,931,134 | | | |
| Net income | — | | — | | | — | | | 725,650 | | | — | | | 725,650 | 11,311 | 736,961 |
| Other comprehensive loss | — | | — | | | — | | | — | | | (2,977) | | | (2,977) | — | (2,977) |
| Issuance of common stock, net | 2,351 | | 2,351 | | | 67,474 | | | — | | | — | | | 69,825 | (73) | 69,752 |
First 8 of 16 rows. The CSV has all of them.
| | | | | | | | Cumulative | | Accumulated | | | | | | | |
| | | | | Additional | | Dividends | | Other | | Total | | Total | | | | |
| Common Stock | Paid-In | | In Excess | | Comprehensive | | Stockholders’ | | Noncontrolling | | Total | | | | | |
| Shares | Amount | | Capital | | Of Earnings | | Income (Loss) | | Equity | | Interests | | Equity | | | |
| January 1, 2013 | 453,191 | $453,191 | | $11,180,066 | | $(1,067,367) | | $(14,653) | | $10,551,237 | | $202,540 | | $10,753,777 | | | |
| Net income | — | | — | | | — | | | 677,742 | | | — | | | 677,742 | 9,625 | 687,367 |
| Other comprehensive loss | — | | — | | | — | | | — | | | (1,226) | | | (1,226) | — | (1,226) |
| Issuance of common stock, net | 1,859 | | 1,859 | | | 78,647 | | | — | | | — | | | 80,506 | (2,997) | 77,509 |
First 8 of 15 rows. The CSV has all of them.
| Nine Months Ended September 30, | | | |
| 2014 | | 2013 | |
| Cash flows from operating activities: | | | | |
| Net income | $736,961 | | $687,367 | |
| Adjustments to reconcile net income to net cash provided by operating activities: | | | | |
| Depreciation and amortization of real estate, in-place lease and other intangibles: | | | | |
| Continuing operations | | 343,496 | | 317,172 |
| Discontinued operations | | — | | 4,604 |
First 8 of 55 rows. The CSV has all of them.
Table 8 after “A summary of the quantitative information about fair value measurements for the NNN Lease Restructuring and RIDEA Subsidiaries transactions ”
Download CSV
| Fair Value | Valuation Technique | Valuation Inputs | | Input Average or Range | |
| NNN Lease Restructuring | | | | | | |
| Rental payment concessions by HCP | $76,000 | Discounted Cash Flow | NNN Rent Coverage Ratio | | 1.20x | |
| (benefiting Brookdale) | | | | NNN Rent Growth Rate | | 3.0% |
| | | | Discount Rate | | 8.00%-8.50% |
| Forfeited purchase options by | $(129,000) | Discounted Cash Flow | Capitalization Rates | | 7.50%-9.25% | |
| Brookdale (benefiting HCP) | | | | Discount Rate | | 10.50%-11.00% |
| | | | Exercise Probability | | 100.00% |
First 8 of 16 rows. The CSV has all of them.
Table 9 after “30, 2014 follows (in thousands):”
Download CSV
| | Consideration | | Assets Acquired | | | | | | | | |
| | | | | Debt and Other | | | | | | | |
| Property | | | | Liabilities | | Noncontrolling | | | | Net | |
| Segment | Count | Cash Paid | | Assumed | | Interest | | Real Estate | | Intangibles | | |
| Senior housing | 22 | $215,381 | (1) | $1,021 | | $6,321 | (2) | $205,778 | | $16,945 | | |
| Life science | 1 | | 43,500 | | | 250 | | | — | | 41,281 | 2,469 |
| Medical office | 5 | | 208,266 | | | 463 | | | — | | 186,799 | 21,930 |
| 28 | $467,147 | | $1,734 | | $6,321 | | $433,858 | | $41,344 | | |
Table 10 after “A summary of real estate acquisitions for the nine months ended September 30, 2013 follows (in thousands):”
Download CSV
| | Consideration | | Assets Acquired | | | | | | | | |
| | | | | Fair Value of | | Debt and Other | | | | | |
| Property | | | | Real Estate | | Liabilities | | | | Net | |
| Segment | Count | Cash Paid | | Exchanged | | Assumed | | Real Estate | | Intangibles | | |
| Senior housing | 6 | $59,341 | | $— | | $12,728 | | $68,795 | | $3,274 | | |
| Post-acute/skilled nursing | N/A | | 408 | (1) | | — | | | — | | 408 | — |
| Hospital | 1 | | — | | | 15,204 | (2) | | — | | 11,822 | 3,382 |
| 7 | $59,749 | | $15,204 | | $12,728 | | $81,025 | | $6,656 | | |
Table 11 after “The following table summarizes operating income from discontinued operations and gain on sales of real estate included in discontinued opera”
Download CSV
| Three Months Ended September 30, | | Nine Months Ended September 30, | | |
| 2013 | | 2014 | 2013 | |
| Rental and related revenues | $4,261 | | $1,810 | $14,169 | |
| Depreciation and amortization expenses | | 1,509 | | — | 4,604 |
| Operating expenses | | 1,155 | | 54 | 3,001 |
| Other expenses, net | | 70 | | 20 | 865 |
| Income before gain on sales of real estate, net of income taxes | $1,527 | | $1,736 | $5,699 | |
| Gain on sales of real estate, net of income taxes | $8,298 | | $28,010 | $9,185 | |
First 8 of 9 rows. The CSV has all of them.
Table 12 after “The components of net investment in DFLs consisted of the following (dollars in thousands):”
Download CSV
| September 30, | | December 31, | |
| 2014 | | 2013 | |
| Minimum lease payments receivable | $24,329,517 | | $24,808,386 | |
| Estimated residual values | | 4,126,426 | | 4,134,405 |
| Less unearned income | | (21,210,821) | | (21,789,392) |
| Net investment in direct financing leases | $7,245,122 | | $7,153,399 | |
| Properties subject to direct financing leases | | 363 | | 364 |
| Carrying | | Percentage of DFL | | Internal Ratings | | | | |
| Investment Type | Amount | | Portfolio | | Performing DFLs | Watch List DFLs | Workout DFLs | | |
| Senior housing | $1,492,862 | | 20 | | $1,121,658 | $371,204 | $— | | |
| Post-acute/skilled nursing | | 5,628,369 | | 78 | | 5,628,369 | | — | — |
| Hospital | | 123,891 | | 2 | | 123,891 | | — | — |
| $7,245,122 | | 100 | | $6,873,918 | $371,204 | $— | | |
Table 14 after “The following table summarizes the Company’s loans receivable (in thousands):”
Download CSV
| September 30, 2014 | | December 31, 2013 | | | | | | | | |
| Real Estate | | Other | | | Real Estate | | Other | | | |
| Secured | | Secured | Total | Secured | | Secured | | Total | | |
| Mezzanine | $— | | $301,494 | $301,494 | $— | | $234,455 | | $234,455 | | |
| Other(1) | | 133,406 | | — | | 133,406 | | | 147,669 | — | 147,669 |
| Unamortized discounts, fees and costs | | — | | (2,689) | | (2,689) | | | — | (2,713) | (2,713) |
| Allowance for loan losses | | — | | (13,410) | | (13,410) | | | — | (13,410) | (13,410) |
| $133,406 | | $285,395 | $418,801 | $147,669 | | $218,332 | | $366,001 | | |
| Carrying | | Percentage of Loan | | Internal Ratings | | | | |
| Investment Type | Amount | | Portfolio | | Performing Loans | Watch List Loans | Workout Loans | | |
| Real estate secured | $133,406 | | 32 | | $133,406 | $— | $— | | |
| Other secured | | 285,395 | | 68 | | 267,925 | | — | 17,470 |
| $418,801 | | 100 | | $401,331 | $— | $17,470 | | |
Table 16 after “A reconciliation of the Company’s allowance related to the Company’s senior secured loan to Delphis follows (in thousands):”
Download CSV
| Amount | |
| Balance at January 1, 2014 | $13,410 | |
| Additions | | — |
| Balance at September 30, 2014 | $13,410 | |
Table 17 after “30, 2014 (dollars in thousands):”
Download CSV
| Entity(1) | Segment | Investment(2) | | Ownership% | | | |
| CCRC JV(3) | senior housing | $459,916 | | | 49 | | |
| HCR ManorCare | post-acute/skilled nursing | | 76,876 | | | 9.4 | |
| HCP Ventures III, LLC | medical office | | 6,868 | | | 30 | |
| HCP Ventures IV, LLC | medical office and hospital | | 27,560 | | | 20 | |
| HCP Life Science(4) | life science | | 70,771 | | 50 | – | 63 |
| Suburban Properties, LLC | medical office | | 5,716 | | | 67 | |
| Advances to unconsolidated joint ventures, net | | | 216 | | | | |
First 8 of 12 rows. The CSV has all of them.
Table 18 after “Summarized combined financial information for the Company’s unconsolidated joint ventures follows (in thousands):”
Download CSV
| September 30, | | December 31, | |
| 2014(1) | | 2013 | |
| Real estate, net | $5,159,092 | | $3,662,450 | |
| Goodwill and other assets, net | | 5,482,542 | | 5,384,553 |
| Total assets | $10,641,634 | | $9,047,003 | |
| Capital lease obligations and debt | $7,221,580 | | $6,768,815 | |
| Accounts payable | | 1,103,072 | | 1,045,260 |
| Other partners’ capital | | 1,648,992 | | 1,098,228 |
First 8 of 10 rows. The CSV has all of them.
Table 19 after “30, 2014, is primarily attributable to goodwill, real estate, capital lease obligations, deferred tax assets and lease-related net intangibl”
Download CSV
| Three Months Ended September 30, | | Nine Months Ended September 30, | | | | |
| 2014(1) | | 2013 | 2014(1) | 2013 | | |
| Total revenues | $1,087,010 | | $1,046,789 | $3,224,839 | $3,182,052 | | |
| Income (loss) from discontinued operations | | 3,600 | | (2,600) | | (2,000) | (8,300) |
| Net income (loss) | | (702) | | 2,538 | | (4,826) | 23,032 |
| HCP’s share of earnings(2) | | 10,168 | | 13,892 | | 39,388 | 44,278 |
| Fees earned by HCP | | 447 | | 464 | | 1,340 | 1,406 |
| Distributions received by HCP | | 2,113 | | 1,390 | | 5,881 | 3,918 |
Table 20 after “The Company’s other assets consisted of the following (in thousands):”
Download CSV
| September 30, | | December 31, | |
| 2014 | | 2013 | |
| Straight-line rent assets, net of allowance of $34,648 and $34,230, respectively | $347,109 | | $368,919 | |
| Marketable debt securities, net | | 239,801 | | 244,089 |
| Leasing costs and inducements, net | | 144,465 | | 104,601 |
| Deferred financing costs, net | | 50,567 | | 42,106 |
| Goodwill | | 50,346 | | 50,346 |
| Other(1) | | 108,840 | (2) | 57,644 |
First 8 of 9 rows. The CSV has all of them.
| | | | | | Senior | | | | |
| Bank Line of | | | | Unsecured | | Mortgage | | | |
| Year | Credit | | Term Loan(1) | Notes | | Debt | | Total(2) | | |
| 2014 (Three months) | $— | | $— | $— | | $249,052 | | $249,052 | | |
| 2015 | | — | | — | | | 400,000 | | 40,164 | 440,164 |
| 2016 | | — | | 222,118 | | | 900,000 | | 291,736 | 1,413,854 |
| 2017 | | — | | — | | | 750,000 | | 550,477 | 1,300,477 |
| 2018 | | 70,000 | | — | | | 600,000 | | 6,583 | 676,583 |
First 8 of 12 rows. The CSV has all of them.
| Percentage of | Percentage of | Percentage of | | | |
| Senior Housing Gross Assets | Senior Housing Revenues | Senior Housing Revenues | | | |
| September 30, | December 31, | Three Months Ended September 30, | Nine Months Ended September 30, | | |
| Operators | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 |
| HCR ManorCare | 10% | 11% | 7% | 10% | 9% | 10% |
| Brookdale(1) | 34 | 48 | 32 | 47 | 40 | 47 |
| Percentage of Post-Acute/ | Percentage of Post-Acute/ | Percentage of Post-Acute/ | | | |
| Skilled Nursing Gross Assets | Skilled Nursing Revenues | Skilled Nursing Revenues | | | |
| September 30, | December 31, | Three Months Ended September 30, | Nine Months Ended September 30, | | |
| Operators | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 |
| HCR ManorCare | 89% | 89% | 86% | 74% | 86% | 82% |
| Percentage of | Percentage of | Percentage of | | | |
| Total Company Assets | Total Company Revenues | Total Company Revenues | | | |
| September 30, | December 31, | Three Months Ended September 30, | Nine Months Ended September 30, | | |
| Operators | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 |
| HCR ManorCare | 31% | 32% | 25% | 27% | 27% | 28% |
| Brookdale(1) | 14 | 19 | 13 | 16 | 15 | 17 |
Table 25 after “HCR ManorCare’s summarized condensed consolidated financial information follows (in millions):”
Download CSV
| September 30, | | December 31, | |
| 2014 | | 2013 | |
| Real estate and other property, net | $2,956.4 | | $2,993.2 | |
| Cash and cash equivalents | | 137.2 | | 141.8 |
| Goodwill, intangible and other assets, net | | 5,084.1 | | 5,174.9 |
| Total assets | $8,177.7 | | $8,309.9 | |
| Debt and financing obligations | $6,145.1 | | $6,258.5 | |
| Accounts payable, accrued liabilities and other | | 993.7 | | 1,013.4 |
First 8 of 10 rows. The CSV has all of them.
| Three Months Ended September 30, | | Nine Months Ended September 30, | | | | |
| 2014 | | 2013 | 2014 | 2013 | | |
| Revenues | $1,030.9 | | $1,021.2 | $3,117.6 | $3,105.0 | | |
| Operating, general and administrative expense | | (888.3) | | (875.5) | | (2,698.6) | (2,639.5) |
| Depreciation and amortization expense | | (36.0) | | (35.7) | | (106.9) | (108.1) |
| Interest expense | | (101.8) | | (103.6) | | (306.5) | (311.7) |
| Other income (expense), net | | (0.5) | | 2.4 | | 4.0 | 4.1 |
| Income from continuing operations before income tax expense | | 4.3 | | 8.8 | | 9.6 | 49.8 |
First 8 of 12 rows. The CSV has all of them.
Table 27 after “The following table lists the common stock cash dividends declared by the Company in 2014:”
Download CSV
| | Amount | | Dividend | |
| Declaration Date | Record Date | Per Share | | Payable Date | |
| January 30 | February 10 | $0.545 | | February 25 | |
| May 1 | May 12 | | 0.545 | | May 27 |
| July 31 | August 11 | | 0.545 | | August 26 |
| October 30 | November 10 | | 0.545 | | November 25 |
Table 28 after “is a summary of the Company’s common stock issuances (shares in thousands):”
Download CSV
| Nine Months Ended September 30, | |
| 2014 | 2013 |
| Dividend Reinvestment and Stock Purchase Plan | 1,775 | 1,681 |
| Conversion of DownREIT units(1) | 2 | 85 |
| Exercise of stock options | 131 | 875 |
| Vesting of restricted stock units | 575 | 110 |
Table 29 after “The following is a summary of the Company’s accumulated other comprehensive loss (in thousands):”
Download CSV
| September 30, | | December 31, | |
| 2014 | | 2013 | |
| Unrealized losses on available for sale securities | $(5) | | $— | |
| Unrealized losses on cash flow hedges, net | | (9,734) | | (10,797) |
| Supplemental Executive Retirement Plan minimum liability | | (2,747) | | (2,910) |
| Cumulative foreign currency translation adjustment | | (4,978) | | (780) |
| Total accumulated other comprehensive loss | $(17,464) | | $(14,487) | |
Table 30 after “For the three months ended September 30, 2014:”
Download CSV
| | | | | | | | Investment | | | | | |
| Rental | | Resident Fees | Interest | Management | | Total | | | Adjusted | | | |
| Segments | Revenues(1) | | and Services | Income | Fee Income | | Revenues | | NOI(2) | (Cash) NOI(2) | | | |
| Senior housing | $183,834 | | $62,213 | $3,919 | $— | | $249,966 | | $203,030 | $155,512 | | | |
| Post-acute/skilled | | 139,205 | | — | | 13,598 | | | — | | 152,803 | 138,671 | 121,978 |
| Life science | | 79,450 | | — | | — | | | 1 | | 79,451 | 62,813 | 60,722 |
| Medical office | | 92,412 | | — | | — | | | 446 | | 92,858 | 53,953 | 54,481 |
| Hospital | | 21,560 | | — | | — | | | — | | 21,560 | 20,608 | 20,738 |
First 8 of 9 rows. The CSV has all of them.
Table 31 after “For the three months ended September 30, 2013:”
Download CSV
| | | | | | | | Investment | | | | | |
| Rental | | Resident Fees | Interest | Management | | Total | | | Adjusted | | | |
| Segments | Revenues(1) | | and Services | Income | Fee Income | | Revenues | | NOI(2) | (Cash) NOI(2) | | | |
| Senior housing | $149,443 | | $36,370 | $3,121 | $— | | $188,934 | | $162,078 | $148,684 | | | |
| Post-acute/skilled | | 136,017 | | — | | 38,642 | | | — | | 174,659 | 135,388 | 117,921 |
| Life science | | 72,531 | | — | | — | | | 1 | | 72,532 | 58,440 | 56,352 |
| Medical office | | 88,425 | | — | | — | | | 463 | | 88,888 | 52,438 | 52,397 |
| Hospital | | 20,829 | | — | | 315 | | | — | | 21,144 | 19,854 | 19,883 |
First 8 of 9 rows. The CSV has all of them.
Table 32 after “For the nine months ended September 30, 2014:”
Download CSV
| | | | | | | | Investment | | | | | |
| Rental | | Resident Fees | Interest | Management | | Total | | | Adjusted | | | |
| Segments | Revenues(1) | | and Services | Income | Fee Income | | Revenues | | NOI(2) | (Cash) NOI(2) | | | |
| Senior housing | $485,823 | | $138,205 | $10,633 | $— | | $634,661 | | $531,640 | $459,363 | | | |
| Post-acute/skilled | | 415,533 | | — | | 40,517 | | | — | | 456,050 | 413,934 | 362,182 |
| Life science | | 233,113 | | — | | — | | | 3 | | 233,116 | 186,866 | 178,890 |
| Medical office | | 273,215 | | — | | — | | | 1,337 | | 274,552 | 162,075 | 161,280 |
| Hospital | | 64,372 | | — | | — | | | — | | 64,372 | 61,573 | 61,874 |
First 8 of 9 rows. The CSV has all of them.
Table 33 after “For the nine months ended September 30, 2013:”
Download CSV
| | | | | | | | Investment | | | | | |
| Rental | | Resident Fees | Interest | Management | | Total | | | Adjusted | | | |
| Segments | Revenues(1) | | and Services | Income | Fee Income | | Revenues | | NOI(2) | (Cash) NOI(2) | | | |
| Senior housing | $448,600 | | $108,509 | $8,328 | $— | | $565,437 | | $486,516 | $439,410 | | | |
| Post-acute/skilled | | 405,108 | | — | | 59,656 | | | — | | 464,764 | 403,218 | 349,590 |
| Life science | | 221,088 | | — | | — | | | 3 | | 221,091 | 179,775 | 170,957 |
| Medical office | | 265,252 | | — | | — | | | 1,403 | | 266,655 | 159,888 | 157,406 |
| Hospital | | 51,007 | | — | | 627 | | | — | | 51,634 | 48,177 | 59,664 |
First 8 of 9 rows. The CSV has all of them.
Table 34 after “The following is a reconciliation of reported net income to NOI and adjusted NOI (in thousands):”
Download CSV
| Three Months Ended September 30, | | Nine Months Ended September 30, | | | | |
| 2014 | | 2013 | 2014 | 2013 | | |
| Net income | $251,059 | | $236,858 | $736,961 | $687,367 | | |
| Interest income | | (17,517) | | (42,078) | | (51,150) | (68,611) |
| Investment management fee income | | (447) | | (464) | | (1,340) | (1,406) |
| Interest expense | | 111,275 | | 108,088 | | 324,755 | 325,650 |
| Depreciation and amortization | | 122,975 | | 104,783 | | 343,496 | 317,172 |
| General and administrative | | 24,954 | | 45,326 | | 75,410 | 90,043 |
First 8 of 19 rows. The CSV has all of them.
Table 35 after “The Company’s total assets by segment were (in thousands):”
Download CSV
| September 30, | | December 31, | |
| Segments | 2014 | | 2013 | |
| Senior housing | $8,427,636 | | $7,803,085 | |
| Post-acute/skilled nursing | | 6,336,758 | | 6,266,938 |
| Life science | | 4,113,227 | | 3,986,187 |
| Medical office | | 2,892,081 | | 2,686,069 |
| Hospital | | 639,922 | | 639,357 |
| Gross segment assets | | 22,409,624 | | 21,381,636 |
First 8 of 13 rows. The CSV has all of them.
Table 36 after “The following table illustrates the computation of basic and diluted earnings per share (in thousands, except per share amounts):”
Download CSV
| Three Months Ended September 30, | | Nine Months Ended September 30, | | | | |
| 2014 | | 2013 | 2014 | 2013 | | |
| Numerator | | | | | | | |
| Income from continuing operations | $251,059 | | $227,033 | $707,215 | $672,483 | | |
| Noncontrolling interests’ share in continuing operations | | (3,405) | | (3,055) | | (10,134) | (9,442) |
| Income from continuing operations applicable to HCP, Inc. | | 247,654 | | 223,978 | | 697,081 | 663,041 |
| Participating securities’ share in continuing operations | | (446) | | (474) | | (1,999) | (1,330) |
| Income from continuing operations applicable to common shares | | 247,208 | | 223,504 | | 695,082 | 661,711 |
First 8 of 23 rows. The CSV has all of them.
Table 37 after “The following table provides supplemental cash flow information (in thousands):”
Download CSV
| Nine Months Ended September 30, | | | |
| 2014 | | 2013 | |
| Supplemental cash flow information: | | | | |
| Interest paid, net of capitalized interest | $359,483 | | $363,229 | |
| Income taxes paid (refunded) | | 4,282 | | (2) |
| Capitalized interest | | 8,185 | | 10,852 |
| Supplemental schedule of non-cash investing activities: | | | | |
| Accrued construction costs | | 28,933 | | 18,495 |
First 8 of 20 rows. The CSV has all of them.
Table 38 after “The carrying value and classification of the related assets, liabilities and maximum exposure to loss as a result of the Company’s involveme”
Download CSV
| Maximum Loss | | | | Carrying | |
| VIE Type | Exposure(1) | | Asset/Liability Type | | Amount | |
| CCRC OpCo | $249,856 | | Investments in unconsolidated joint ventures | | $249,856 | |
| VIE tenants—operating leases | | 215,504 | | Lease intangibles, net and straight-line rent receivables | | 13,258 |
| VIE tenants—DFLs | | 1,050,995 | | Net investment in DFLs | | 600,493 |
| Loan—senior secured | | 17,470 | | Loans receivable, net | | 17,470 |
| CMBS | | 17,433 | | Marketable debt securities | | 17,433 |
Table 39 after “30, 2014 follow (in thousands):”
Download CSV
| Financial Instrument(1) | Fair Value | | Level 1 | Level 2 | Level 3 | | |
| Marketable equity securities | $26 | | $26 | $— | $— | | |
| Interest-rate swap assets | | 1,447 | | — | | 1,447 | — |
| Interest-rate swap liabilities | | (7,580) | | — | | (7,580) | — |
| Currency swap assets | | 484 | | — | | 484 | — |
| Currency swap liabilities | | (1,337) | | — | | (1,337) | — |
| Warrants | | 69 | | — | | — | 69 |
| $(6,891) | | $26 | $(6,986) | $69 | | |
Table 40 after “The table below summarizes the carrying values and fair values of the Company’s financial instruments (in thousands):”
Download CSV
| September 30, 2014 | | December 31, 2013 | | | | | |
| Carrying | | | | Carrying | | | |
| Value | | Fair Value | Value | | Fair Value | | |
| Loans receivable, net(2) | $418,801 | | $426,598 | $366,001 | | $373,441 | | |
| Marketable debt securities(1) | | 239,801 | | 272,420 | | | 244,089 | 280,850 |
| Marketable equity securities(1) | | 26 | | 26 | | | — | — |
| Warrants(3) | | 69 | | 69 | | | 114 | 114 |
| Term loan(2) | | 222,118 | | 222,118 | | | 226,858 | 226,858 |
First 8 of 15 rows. The CSV has all of them.
Table 41 after “The following table summarizes the Company’s outstanding interest-rate and foreign currency swap contracts as of September 30, 2014 (dollars”
Download CSV
| | | Fixed | | | | | | | | |
| | Hedge | Rate/Buy | | Floating/Exchange | | Notional/ | | | | |
| Date Entered | Maturity Date | Designation | Amount | | Rate Index | | Sell Amount | | Fair Value(1) | | |
| July 2005(2) | July 2020 | Cash Flow | | 3.82% | | BMA Swap Index | | $45,600 | | $(5,635) | |
| November 2008(3) | October 2016 | Cash Flow | | 5.95% | | 1 Month LIBOR+1.50% | | $26,000 | | $(1,945) | |
| July 2012(3) | June 2016 | Cash Flow | | 1.81% | | 1 Month GBP LIBOR+1.20% | | £ | 137,000 | | $1,447 |
| July 2012(4) | June 2016 | Cash Flow | $45,500 | | Buy USD/Sell GBP | | £ | 29,000 | | $(1,337) | |
| July 2014(5) | December 2015 | Cash Flow | $9,300 | | Buy USD/Sell GBP | | £ | 5,500 | | $484 | |
Table 42 after “To illustrate the effect of movements in the interest rate and foreign currency markets, the Company performed a market sensitivity analysis”
Download CSV
| | Effects of Change in Interest and Foreign Currency Rates | | | | | | |
| | +50 Basis | | -50 Basis | +100 Basis | -100 Basis | | |
| Date Entered | Maturity Date | Points | | Points | Points | Points | | |
| July 2005 | July 2020 | $1,128 | | $(1,337) | $2,361 | $(2,570) | | |
| November 2008 | October 2016 | | 267 | | (253) | | 527 | (512) |
| July 2012 | June 2016 | | 1,900 | | (1,865) | | 3,783 | (3,748) |
| July 2012 | June 2016 | | (399) | | 71 | | (633) | 306 |
| July 2014 | December 2015 | | (65) | | 23 | | (110) | 67 |
| SPP | | Total Portfolio | | | | | | | | |
| Three Months Ended September 30, | | Three Months Ended September 30, | | | | | | | | |
| 2014 | | 2013 | Change | 2014 | | 2013 | | Change | | |
| Rental revenues(1) | $127,282 | | $126,317 | $965 | $183,834 | | $149,443 | | $34,391 | | |
| Resident fees and services | | 38,419 | | 36,370 | | 2,049 | | | 62,213 | 36,370 | 25,843 |
| Total revenues | | 165,701 | | 162,687 | | 3,014 | | | 246,047 | 185,813 | 60,234 |
| Operating expenses | | (24,206) | | (23,369) | | (837) | | | (43,017) | (23,735) | (19,282) |
| NOI | | 141,495 | | 139,318 | | 2,177 | | | 203,030 | 162,078 | 40,952 |
First 8 of 17 rows. The CSV has all of them.
| SPP | | Total Portfolio | | | | | | | | |
| Three Months Ended September 30, | | Three Months Ended September 30, | | | | | | | | |
| 2014 | | 2013 | Change | 2014 | | 2013 | | Change | | |
| Rental revenues | $138,885 | | $135,663 | $3,222 | $139,205 | | $136,017 | | $3,188 | | |
| Operating expenses | | (77) | | (116) | | 39 | | | (534) | (629) | 95 |
| NOI | | 138,808 | | 135,547 | | 3,261 | | | 138,671 | 135,388 | 3,283 |
| Straight-line rents | | (162) | | (96) | | (66) | | | (174) | (96) | (78) |
| DFL accretion | | (16,516) | | (17,338) | | 822 | | | (16,530) | (17,382) | 852 |
First 8 of 14 rows. The CSV has all of them.
| SPP | | Total Portfolio | | | | | | | | |
| Three Months Ended September 30, | | Three Months Ended September 30, | | | | | | | | |
| 2014 | | 2013 | Change | 2014 | | 2013 | | Change | | |
| Rental and related revenues | $62,961 | | $62,128 | $833 | $66,273 | | $61,891 | | $4,382 | | |
| Tenant recoveries | | 12,007 | | 10,555 | | 1,452 | | | 13,177 | 10,640 | 2,537 |
| Total revenues | | 74,968 | | 72,683 | | 2,285 | | | 79,450 | 72,531 | 6,919 |
| Operating expenses | | (13,948) | | (12,572) | | (1,376) | | | (16,637) | (14,091) | (2,546) |
| NOI | | 61,020 | | 60,111 | | 909 | | | 62,813 | 58,440 | 4,373 |
First 8 of 18 rows. The CSV has all of them.
| SPP | | Total Portfolio | | | | | | | | |
| Three Months Ended September 30, | | Three Months Ended September 30, | | | | | | | | |
| 2014 | | 2013 | Change | 2014 | | 2013 | | Change | | |
| Rental and related revenues | $72,890 | | $73,103 | $(213) | $76,876 | | $73,789 | | $3,087 | | |
| Tenant recoveries | | 14,715 | | 14,578 | | 137 | | | 15,536 | 14,636 | 900 |
| Total revenues | | 87,605 | | 87,681 | | (76) | | | 92,412 | 88,425 | 3,987 |
| Operating expenses | | (34,767) | | (34,028) | | (739) | | | (38,459) | (35,987) | (2,472) |
| NOI | | 52,838 | | 53,653 | | (815) | | | 53,953 | 52,438 | 1,515 |
First 8 of 18 rows. The CSV has all of them.
| SPP | | Total Portfolio | | | | | | | | |
| Three Months Ended September 30, | | Three Months Ended September 30, | | | | | | | | |
| 2014 | | 2013 | Change | 2014 | | 2013 | | Change | | |
| Rental revenues | $20,619 | | $20,151 | $468 | $20,950 | | $20,185 | | $765 | | |
| Tenant recoveries | | 610 | | 644 | | (34) | | | 610 | 644 | (34) |
| Total revenues | | 21,229 | | 20,795 | | 434 | | | 21,560 | 20,829 | 731 |
| Operating expenses | | (950) | | (975) | | 25 | | | (952) | (975) | 23 |
| NOI | | 20,279 | | 19,820 | | 459 | | | 20,608 | 19,854 | 754 |
First 8 of 15 rows. The CSV has all of them.
Table 48 after “The table below sets forth information with respect to our debt, excluding premiums and discounts (dollars in thousands):”
Download CSV
| As of September 30,(1) | | | |
| 2014 | | 2013 | |
| Balance: | | | | |
| Fixed rate | $9,066,872 | | $8,185,353 | |
| Variable rate | | 78,500 | | 324,902 |
| Total | $9,145,372 | | $8,510,255 | |
| Percent of total debt: | | | | |
| Fixed rate | | 99.1% | | 96.0% |
First 8 of 14 rows. The CSV has all of them.
| SPP | | Total Portfolio | | | | | | | | |
| Nine Months Ended September 30, | | Nine Months Ended September 30, | | | | | | | | |
| 2014 | | 2013 | Change | 2014 | | 2013 | | Change | | |
| Rental revenues | $378,195 | | $377,505 | $690 | $485,823 | | $448,600 | | $37,223 | | |
| Resident fees and services | | 114,398 | | 108,474 | | 5,924 | | | 138,205 | 108,509 | 29,696 |
| Total revenues | | 492,593 | | 485,979 | | 6,614 | | | 624,028 | 557,109 | 66,919 |
| Operating expenses | | (72,538) | | (69,127) | | (3,411) | | | (92,388) | (70,593) | (21,795) |
| NOI | | 420,055 | | 416,852 | | 3,203 | | | 531,640 | 486,516 | 45,124 |
First 8 of 17 rows. The CSV has all of them.
| SPP | | Total Portfolio | | | | | | | | |
| Nine Months Ended September 30, | | Nine Months Ended September 30, | | | | | | | | |
| 2014 | | 2013 | Change | 2014 | | 2013 | | Change | | |
| Rental revenues | $414,208 | | $404,053 | $10,155 | $415,533 | | $405,108 | | $10,425 | | |
| Operating expenses | | (225) | | (352) | | 127 | | | (1,599) | (1,890) | 291 |
| NOI | | 413,983 | | 403,701 | | 10,282 | | | 413,934 | 403,218 | 10,716 |
| Straight-line rents | | (662) | | (478) | | (184) | | | (673) | (478) | (195) |
| DFL accretion | | (51,012) | | (53,050) | | 2,038 | | | (51,113) | (53,184) | 2,071 |
First 8 of 14 rows. The CSV has all of them.
| SPP | | Total Portfolio | | | | | | | | |
| Nine Months Ended September 30, | | Nine Months Ended September 30, | | | | | | | | |
| 2014 | | 2013 | Change | 2014 | | 2013 | | Change | | |
| Rental and related revenues | $185,998 | | $183,110 | $2,888 | $196,384 | | $188,309 | | $8,075 | | |
| Tenant recoveries | | 34,204 | | 32,090 | | 2,114 | | | 36,729 | 32,779 | 3,950 |
| Total revenues | | 220,202 | | 215,200 | | 5,002 | | | 233,113 | 221,088 | 12,025 |
| Operating expenses | | (39,814) | | (37,165) | | (2,649) | | | (46,247) | (41,313) | (4,934) |
| NOI | | 180,388 | | 178,035 | | 2,353 | | | 186,866 | 179,775 | 7,091 |
First 8 of 18 rows. The CSV has all of them.
| SPP | | Total Portfolio | | | | | | | | |
| Nine Months Ended September 30, | | Nine Months Ended September 30, | | | | | | | | |
| 2014 | | 2013 | Change | 2014 | | 2013 | | Change | | |
| Rental and related revenues | $221,830 | | $219,295 | $2,535 | $229,880 | | $224,600 | | $5,280 | | |
| Tenant recoveries | | 41,824 | | 40,308 | | 1,516 | | | 43,335 | 40,652 | 2,683 |
| Total revenues | | 263,654 | | 259,603 | | 4,051 | | | 273,215 | 265,252 | 7,963 |
| Operating expenses | | (101,866) | | (99,166) | | (2,700) | | | (111,140) | (105,364) | (5,776) |
| NOI | | 161,788 | | 160,437 | | 1,351 | | | 162,075 | 159,888 | 2,187 |
First 8 of 18 rows. The CSV has all of them.
| SPP | | Total Portfolio | | | | | | | | |
| Nine Months Ended September 30, | | Nine Months Ended September 30, | | | | | | | | |
| 2014 | | 2013 | Change | 2014 | | 2013 | | Change | | |
| Rental revenues | $61,579 | | $49,112 | $12,467 | $62,569 | | $49,172 | | $13,397 | | |
| Tenant recoveries | | 1,802 | | 1,835 | | (33) | | | 1,803 | 1,835 | (32) |
| Total revenues | | 63,381 | | 50,947 | | 12,434 | | | 64,372 | 51,007 | 13,365 |
| Operating expenses | | (2,792) | | (2,828) | | 36 | | | (2,799) | (2,830) | 31 |
| NOI | | 60,589 | | 48,119 | | 12,470 | | | 61,573 | 48,177 | 13,396 |
First 8 of 15 rows. The CSV has all of them.
| Year | Amount(1) | |
| 2014 (Three months) | $249,052 | |
| 2015 | | 440,164 |
| 2016 | | 1,413,854 |
| 2017 | | 1,300,477 |
| 2018 | | 676,583 |
| Thereafter | | 5,065,242 |
| | 9,145,372 |
First 8 of 10 rows. The CSV has all of them.
Table 55 after “30, 2014 (dollars and GBP in thousands):”
Download CSV
| | | Fixed | | | | | | | | |
| | Hedge | Rate/Buy | | Floating/Exchange | | Notional/ | | | | |
| Date Entered | Maturity Date | Designation | Amount | | Rate Index | | Sell Amount | | Fair Value | | |
| July 2005(1) | July 2020 | Cash Flow | | 3.82% | | BMA Swap Index | | $45,600 | | $(5,635) | |
| November 2008 | October 2016 | Cash Flow | | 5.95% | | 1 Month LIBOR+1.50% | | $26,000 | | $(1,945) | |
| July 2012 | June 2016 | Cash Flow | | 1.81% | | 1 Month GBP LIBOR+1.20% | | £ | 137,000 | | $1,447 |
| July 2012 | June 2016 | Cash Flow | $45,500 | | Buy USD/Sell GBP | | £ | 29,000 | | $(1,337) | |
| July 2014 | December 2015 | Cash Flow | $9,300 | | Buy USD/Sell GBP | | £ | 5,500 | | $484 | |
Table 56 after “above. The following is a reconciliation of net income applicable to common shares, the most directly comparable financial measure calculate”
Download CSV
| Three Months Ended September 30, | | Nine Months Ended September 30, | | | | |
| 2014 | | 2013 | 2014 | 2013 | | |
| Net income applicable to common shares | $247,208 | | $233,282 | $723,651 | $676,412 | | |
| Depreciation and amortization of real estate, in-place lease and other intangibles: | | | | | | | |
| Continuing operations | | 122,975 | | 104,783 | | 343,496 | 317,172 |
| Discontinued operations | | — | | 1,509 | | — | 4,604 |
| Other depreciation and amortization | | 4,769 | | 3,631 | | 12,571 | 10,589 |
| Gain on sales of real estate | | — | | (8,298) | | (28,010) | (9,185) |
First 8 of 17 rows. The CSV has all of them.
| Three Months Ended September 30, | | Nine Months Ended September 30, | | | | |
| 2014 | | 2013 | 2014 | 2013 | | |
| Net income applicable to common shares | $0.54 | | $0.51 | $1.58 | $1.49 | | |
| Depreciation and amortization of real estate, in-place lease and other intangibles | | 0.26 | | 0.23 | | 0.75 | 0.70 |
| Other depreciation and amortization | | 0.01 | | 0.01 | | 0.02 | 0.02 |
| Gain on sales of real estate | | — | | (0.02) | | (0.06) | (0.02) |
| Joint venture and participating securities FFO adjustments | | 0.01 | | — | | 0.01 | 0.01 |
| Diluted FFO applicable to common shares | $0.82 | | $0.73 | $2.30 | $2.20 | | |
First 8 of 17 rows. The CSV has all of them.
| | | | Less than | | | | | | More than | |
| Total(1) | | One Year | | 2015-2016 | 2017-2018 | | Five Years | | | |
| Line of credit | $70,000 | | $— | | $— | $70,000 | | $— | | | |
| Term loan(2) | | 222,118 | | | — | | 222,118 | | — | | — |
| Senior unsecured notes | | 7,650,000 | | | — | | 1,300,000 | | 1,350,000 | | 5,000,000 |
| Mortgage debt | | 1,203,254 | | | 249,052 | | 331,900 | | 557,060 | | 65,242 |
| Construction loan commitments(3) | | 13,157 | | | 676 | | 12,481 | | — | | — |
| Development commitments(4) | | 73,213 | | | 22,312 | | 50,901 | | — | | — |
First 8 of 11 rows. The CSV has all of them.
| | | | | Total Number Of Shares | | Maximum Number (Or |
| | | | | Total Number Of Shares | | Approximate Dollar Value) |
| | | | | (Or Units) Purchased As | | Of Shares (Or Units) That |
| Total Number | | | | Part Of Publicly | | May Yet Be Purchased |
| Of Shares | Average Price | | Announced Plans Or | | Under The Plans Or | |
| Period Covered | Purchased(1) | Paid Per Share | | Programs | | Programs | |
| July 1-31, 2014 | 4,803 | $41.46 | | — | | — | |
| August 1-31, 2014 | 109 | | 41.53 | | — | | — |
First 8 of 10 rows. The CSV has all of them.
| 2.1 | Master Contribution and Transactions Agreement, dated April 23, 2014, by and between HCP, Inc. and Brookdale Senior Living Inc.† (incorporated herein by reference to Exhibit 2.1 to HCP’s Quarterly Report on Form 10-Q (File No. 1-08895) filed August 5, 2014). |
| 3.1 | Articles of Restatement of HCP (incorporated herein by reference to Exhibit 3.1 to HCP’s Registration Statement on Form S-3 (Registration No. 333-182824), filed July 24, 2012). |
| 3.2 | Fourth Amended and Restated Bylaws of HCP (incorporated herein by reference to Exhibit 3.1 to HCP’s Current Report on Form 8-K (File No. 1-08895) filed September 25, 2006). |
| 3.2.1 | Amendment No. 1 to Fourth Amended and Restated Bylaws of HCP (incorporated herein by reference to Exhibit 3.2.1 to HCP’s Quarterly Report on Form 10-Q (File No. 1-08895) for the quarter ended September 30, 2007). |
| 3.2.2 | Amendment No. 2 to Fourth Amended and Restated Bylaws of HCP (incorporated herein by reference to Exhibit 3.2.2 to HCP’s Quarterly Report on Form 10-Q (File No. 1-08895) for the quarter ended September 30, 2009). |
| 3.2.3 | Amendment No. 3 to Fourth Amended and Restated Bylaws of HCP (incorporated herein by reference to Exhibit 3.1 to HCP’s Current Report on Form 8-K (File No. 1-08895), filed March 10, 2011). |
| 3.2.4 | Amendment No. 4 to Fourth Amended and Restated Bylaws of HCP (incorporated herein by reference to Exhibit 3.1 to HCP’s Current Report on Form 8-K (File No. 1-08895), filed October 3, 2013). |
| 4.1 | Fourth Supplemental Indenture, dated August 14, 2014, between HCP and The Bank of New York Mellon Trust Company, N.A., as trustee (incorporated herein by reference to Exhibit 4.1 to HCP’s Current Report on Form 8-K (File No. 1-08895) filed August 14, 2014). |
First 8 of 12 rows. The CSV has all of them.
| 10.4 | Amended and Restated Master Lease and Security Agreement, dated as of August 29, 2014, by and between HCP AUR1 California A Pack, LLC, HCP EMOH, LLC, HCP Hazel Creek, LLC, HCP MA2 California, LP, HCP MA2 Massachusetts, LP, HCP MA2 Ohio, LP, HCP MA2 Oklahoma, LP, HCP MA3 California, LP, HCP MA3 South Carolina, LP, HCP MA3 Washington LP, HCP Partners, LP, HCP Senior Housing Properties Trust, HCP SH Eldorado Heights LLC, HCP SH ELP1Properties, LLC, HCP SH ELP2 Properties, LLC, HCP SH ELP3 Properties, LLC, HCP SH Lassen House, LLC, HCP SH Mountain Laurel, LLC, HCP SH Mountain View, LLC, HCP SH River Valley Landing, LLC, HCP SH Sellwood Landing, LLC, HCP ST1 Colorado, LP, HCP, Inc. and HCPI Trust, as their interests may appear, as lessor, and Emeritus Corporation, Summerville at Hazel Creek, LLC and Summerville at Prince William, Inc., as lessee.*†† |
| 31.1 | Certification by Lauralee E. Martin, HCP’s Principal Executive Officer, Pursuant to Securities Exchange Act Rule 13a-14(a).* |
| 31.2 | Certification by Timothy M. Schoen, HCP’s Principal Financial Officer, Pursuant to Securities Exchange Act Rule 13a-14(a).* |
| 32.1 | Certification by Lauralee E. Martin, HCP’s Principal Executive Officer, Pursuant to Securities Exchange Act Rule 13a-14(b) and 18 U.S.C. Section 1350.** |
| 32.2 | Certification by Timothy M. Schoen, HCP’s Principal Financial Officer, Pursuant to Securities Exchange Act Rule 13a-14(b) and 18 U.S.C. Section 1350.** |
| 101.INS | XBRL Instance Document.* |
| 101.SCH | XBRL Taxonomy Extension Schema Document.* |
| 101.CAL | XBRL Taxonomy Extension Calculation Linkbase Document.* |
First 8 of 11 rows. The CSV has all of them.