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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues:        
Rental and related revenues $ 276,734 $ 288,191 $ 551,816 $ 573,014
Tenant recoveries 31,376 27,110 61,272 52,544
Resident fees and services 106,838 37,939 211,851 75,992
Income from direct financing leases 156,181 165,500 323,259 330,037
Interest income 35,945 16,937 69,207 33,633
Investment management fee income 458 444 918 893
Total revenues 607,532 536,121 1,218,323 1,066,113
Costs and expenses:        
Interest expense 118,632 106,842 235,412 213,480
Depreciation and amortization 120,403 113,133 234,925 220,521
Operating 136,342 78,867 268,373 154,574
General and administrative 28,845 21,656 53,618 42,555
Acquisition and pursuit costs 18,407 7,406 21,797 7,901
Impairments 44,835   523,299  
Total costs and expenses 467,464 327,904 1,337,424 639,031
Other income:        
Gain on sales of real estate, net of income taxes 61   6,325  
Other income, net 11,055 709 12,779 2,639
Total other income, net 11,116 709 19,104 2,639
Income (loss) before income taxes and equity income from unconsolidated joint ventures 151,184 208,926 (99,997) 429,721
Income tax benefit (expense) 4,563 (1,339) 4,640 (2,785)
Equity income from unconsolidated joint ventures 12,001 14,692 25,602 29,220
Income (loss) from continuing operations 167,748 222,279 (69,755) 456,156
Discontinued operations:        
Income before impairment losses and gain on sales of real estate, net of income taxes       1,736
Gain on sales of real estate, net of income taxes       28,010
Total discontinued operations       29,746
Net income (loss) 167,748 222,279 (69,755) 485,902
Noncontrolling interests' share in earnings (2,863) (3,394) (5,974) (7,906)
Net income (loss) attributable to HCP, Inc. 164,885 218,885 (75,729) 477,996
Participating securities' share in earnings (370) (489) (704) (1,552)
Net income (loss) applicable to common shares $ 164,515 $ 218,396 $ (76,433) $ 476,444
Basic earnings per common share:        
Continuing operations (in dollars per share) $ 0.36 $ 0.48 $ (0.17) $ 0.98
Discontinued operations (in dollars per share)       0.06
Net income (loss) applicable to common shares (in dollars per share) 0.36 0.48 (0.17) 1.04
Diluted earnings per common share:        
Continuing operations (in dollars per share) 0.36 0.48 (0.17) 0.98
Discontinued operations (in dollars per share)       0.06
Net income (loss) applicable to common shares (in dollars per share) $ 0.36 $ 0.48 $ (0.17) $ 1.04
Weighted average shares used to calculate earnings per common share:        
Basic (in shares) 461,874 458,247 461,380 457,773
Diluted (in shares) 462,106 458,588 461,380 458,134