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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Real estate:    
Buildings and improvements $ 10,570,071 $ 10,544,110
Development costs and construction in progress 211,181 225,869
Land 1,827,137 1,822,862
Accumulated depreciation and amortization (2,015,034) (1,965,592)
Net real estate 10,593,355 10,627,249
Net investment in direct financing leases 7,190,400 7,153,399
Loans receivable, net 371,172 366,001
Investments in and advances to unconsolidated joint ventures 193,930 196,576
Accounts receivable, net of allowance of $1,897 and $1,529, respectively 28,539 27,494
Cash and cash equivalents 49,738 300,556
Restricted cash 30,296 37,229
Intangible assets, net 472,058 489,842
Real estate assets held for sale, net   9,819
Other assets, net 929,190 867,705
Total assets 19,858,678 [1] 20,075,870 [1]
LIABILITIES AND EQUITY    
Term loan 228,269 226,858
Senior unsecured notes 6,912,812 6,963,375
Mortgage debt 1,235,169 1,396,485
Other debt 74,097 74,909
Intangible liabilities, net 94,615 98,810
Accounts payable and accrued liabilities 276,342 318,427
Deferred revenue 67,801 65,872
Total liabilities 8,889,105 [2] 9,144,736 [2]
Commitments and contingencies      
Common stock, $1.00 par value: 750,000,000 shares authorized; 458,043,744 and 456,960,648 shares issued and outstanding, respectively 458,044 456,961
Additional paid-in capital 11,362,581 11,334,041
Cumulative dividends in excess of earnings (1,044,302) (1,053,215)
Accumulated other comprehensive loss (14,570) (14,487)
Total stockholders' equity 10,761,753 10,723,300
Joint venture partners 23,788 23,729
Non-managing member unitholders 184,032 184,105
Total noncontrolling interests 207,820 207,834
Total equity 10,969,573 10,931,134
Total liabilities and equity $ 19,858,678 $ 20,075,870
[1] The Company's consolidated total assets at March 31, 2014 and December 31, 2013 include assets of certain variable interest entities ("VIEs") that can only be used to settle the liabilities of those VIEs. At both March 31, 2014 and December 31, 2013: other assets, net, $1 million. See Note 16 to the Condensed Consolidated Financial Statements for additional information.
[2] The Company's consolidated total liabilities at March 31, 2014 and December 31, 2013 include liabilities of certain VIEs for which the VIE creditors do not have recourse to HCP, Inc. At both March 31, 2014 and December 31, 2013: accounts payable and accrued liabilities, $9 million. See Note 16 to the Condensed Consolidated Financial Statements for additional information.