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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues:        
Rental and related revenues $ 288,191 $ 277,769 $ 573,014 $ 559,308
Tenant recoveries 27,110 25,144 52,544 49,346
Resident fees and services 37,939 36,394 75,992 72,139
Income from direct financing leases 165,500 158,286 330,037 315,156
Interest income 16,937 14,147 33,633 26,533
Investment management fee income 444 499 893 942
Total revenues 536,121 512,239 1,066,113 1,023,424
Costs and expenses:        
Interest expense 106,842 108,452 213,480 217,562
Depreciation and amortization 113,133 109,210 220,521 212,389
Operating 78,867 73,887 154,574 146,573
General and administrative 29,062 24,062 50,456 44,717
Total costs and expenses 327,904 315,611 639,031 621,241
Other income, net 709 3,288 2,639 15,400
Income before income taxes and equity income from unconsolidated joint ventures 208,926 199,916 429,721 417,583
Income taxes (1,339) (1,604) (2,785) (2,519)
Equity income from unconsolidated joint ventures 14,692 15,585 29,220 30,386
Income from continuing operations 222,279 213,897 456,156 445,450
Discontinued operations:        
Income before gain on sales of real estate, net of income taxes   1,941 1,736 4,172
Gain on sales of real estate, net of income taxes   887 28,010 887
Total discontinued operations   2,828 29,746 5,059
Net income 222,279 216,725 485,902 450,509
Noncontrolling interests' share in earnings (3,394) (3,324) (7,906) (6,523)
Net income attributable to HCP, Inc. 218,885 213,401 477,996 443,986
Participating securities' share in earnings (489) (378) (1,552) (856)
Net income applicable to common shares $ 218,396 $ 213,023 $ 476,444 $ 443,130
Basic earnings per common share:        
Continuing operations (in dollars per share) $ 0.48 $ 0.46 $ 0.98 $ 0.96
Discontinued operations (in dollars per share)   $ 0.01 $ 0.06 $ 0.02
Net income applicable to common shares (in dollars per share) $ 0.48 $ 0.47 $ 1.04 $ 0.98
Diluted earnings per common share:        
Continuing operations (in dollars per share) $ 0.48 $ 0.46 $ 0.98 $ 0.96
Discontinued operations (in dollars per share)   $ 0.01 $ 0.06 $ 0.01
Net income applicable to common shares (in dollars per share) $ 0.48 $ 0.47 $ 1.04 $ 0.97
Weighted average shares used to calculate earnings per common share:        
Basic (in shares) 458,247 454,618 457,773 454,137
Diluted (in shares) 458,588 455,431 458,134 455,024
Dividends declared per common share (in dollars per share) $ 0.545 $ 0.525 $ 1.09 $ 1.05