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Earnings Per Common Share (Tables)
3 Months Ended
Mar. 31, 2015
Earnings Per Common Share  
Computation of basic and diluted earnings per share (in thousands, except per share amounts)

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31,

 

 

  

2015

  

2014

 

Numerator

 

 

 

 

 

 

 

(Loss) income from continuing operations

 

$

(237,503)

 

$

233,877 

 

Noncontrolling interests’ share in continuing operations

 

 

(3,111)

 

 

(3,335)

 

(Loss) income from continuing operations applicable to HCP, Inc.

 

 

(240,614)

 

 

230,542 

 

Participating securities’ share in continuing operations

 

 

(335)

 

 

(1,064)

 

(Loss) income from continuing operations applicable to common shares

 

 

(240,949)

 

 

229,478 

 

Discontinued operations

 

 

 —

 

 

29,746 

 

Noncontrolling interests’ share in discontinued operations

 

 

 —

 

 

(1,177)

 

Net (loss) income applicable to common shares

 

$

(240,949)

 

$

258,047 

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

Basic weighted average common shares

 

 

460,880 

 

 

457,294 

 

Dilutive potential common shares

 

 

 —

 

 

380 

 

Diluted weighted average common shares

 

 

460,880 

 

 

457,674 

 

 

 

 

 

 

 

 

 

Basic earnings per common share

 

 

 

 

 

 

 

(Loss) income from continuing operations

 

$

(0.52)

 

$

0.50 

 

Discontinued operations

 

 

 —

 

 

0.06 

 

Net (loss) income applicable to common shares

 

$

(0.52)

 

$

0.56 

 

 

 

 

 

 

 

 

 

Diluted earnings per common share

 

 

 

 

 

 

 

(Loss) income from continuing operations

 

$

(0.52)

 

$

0.50 

 

Discontinued operations

 

 

 —

 

 

0.06 

 

Net (loss) income applicable to common shares

 

$

(0.52)

 

$

0.56