XML 42 R31.htm IDEA: XBRL DOCUMENT
v3.3.0.814

Real Estate Property Investments (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2015
Real Estate Property Investments |
Schedule of unaudited pro forma consolidated results of operations (in thousands, except per share amounts) |
|  | Three Months Ended |  | Nine Months Ended September 30, |
|  | September 30, 2014 |  | 2015 |  | 2014 |
Revenues |  | $ | 644,856 |  | $ | 1,963,402 |  | $ | 1,807,405 |
Net income |  |  | 255,107 |  |  | 56,009 |  |  | 749,106 |
Net income applicable to HCP, Inc. |  |  | 251,297 |  |  | 46,662 |  |  | 736,580 |
Basic earnings per common share |  |  | 0.55 |  |  | 0.10 |  |  | 1.60 |
Diluted earnings per common share |  |  | 0.55 |  |  | 0.10 |  |  | 1.60 |
Schedule of other real estate acquisitions (in thousands) | In addition to the RIDEA III acquisition discussed above, a summary of other real estate acquisitions for the nine months ended September 30, 2015 follows (in thousands):
|  | Consideration |  | Assets Acquired(1) |
|  | Cash Paid/ |  | Liabilities |  | Noncontrolling |  |  |  |  | Net |
Segment |  | Debt Settled |  | Assumed |  | Interest |  | Real Estate |  | Intangibles |
Senior housing |  | $ | 221,023 | (2) | $ | 8,227 |  | $ | 3,885 |  | $ | 209,084 |  | $ | 24,051 |
Post-acute/skilled nursing |  |  | 178,707 | (2) |  | — |  |  | — |  |  | 151,663 |  |  | 27,044 |
Medical office |  |  | 377,351 | (3) |  | 12,849 |  |  | — |  |  | 349,649 |  |  | 40,551 |
|  | $ | 777,081 |  | $ | 21,076 |  | $ | 3,885 |  | $ | 710,396 |  | $ | 91,646 |
| (1) |  | Amounts include preliminary purchase price allocations which may be subject to change.
| (2) |  | Includes £174 million ($254 million) of the Company’s HC-One Facility (see Note 7) converted to fee ownership in a portfolio of 36 care homes located throughout the United Kingdom (“U.K.”).
| (3) |  | Includes $110 million issued on October 7, 2015 as a 49% noncontrolling interest in HCP Ventures V (see Note 13).
A summary of real estate acquisitions for the nine months ended September 30, 2014 follows (in thousands):
|  | Consideration |  | Assets Acquired |
|  |  |  |  | Liabilities |  | Noncontrolling |  |  |  |  | Net |
Segment |  | Cash Paid |  | Assumed |  | Interest |  | Real Estate |  | Intangibles |
Senior housing |  | $ | 215,381 | (1) | $ | 1,021 |  | $ | 6,321 | (2) | $ | 205,778 |  | $ | 16,945 |
Life science |  |  | 43,500 |  |  | 250 |  |  | — |  |  | 41,281 |  |  | 2,469 |
Medical office |  |  | 208,266 |  |  | 463 |  |  | — |  |  | 186,799 |  |  | 21,930 |
|  | $ | 467,147 |  | $ | 1,734 |  | $ | 6,321 |  | $ | 433,858 |  | $ | 41,344 |
| (1) |  | Includes £76 million translated into U.S. dollars.
| (2) |  | Includes $5 million of non-managing member limited liability company units.
Schedule of capital improvements (in thousands) |
|  | Nine Months Ended September 30,
Segment |  | 2015 |  | 2014
Senior housing |  | $ | 76,640 |  | $ | 23,876
Post-acute/skilled nursing |  |  | 3,369 |  |  | 2,533
Life science |  |  | 80,871 |  |  | 91,178
Medical office |  |  | 93,012 |  |  | 43,773
Hospital |  |  | 37 |  |  | 1,357
|  | $ | 253,929 |  | $ | 162,717

X
- Definition Tabular disclosure of the amounts of funding, during the period, for construction, tenant and other capital improvements by segment. + References No definition available. + Details
Name: | hcp_ScheduleOfCapitalImprovementsTableTextBlock
Namespace Prefix: | hcp_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RealEstateAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1486-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1392-128463 + Details
Name: | us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration