XML 39 R28.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Real Estate Property Investments (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2016
Real Estate Property Investments |
Schedule of real estate acquisitions (in thousands) | A summary of real estate acquisitions for the six months ended June 30, 2016 follows (in thousands):
|  | Consideration |  | Assets Acquired(1) |
|  |  |  | Liabilities |  |  |  |  | Net |
Segment |  | Cash Paid |  | Assumed |  | Real Estate |  | Intangibles |
Senior housing |  | $ | 76,362 |  | $ | 1,200 |  | $ | 71,875 |  | $ | 5,687 |
Post-acute/skilled nursing |  |  | 17,909 |  |  | — |  |  | 16,596 |  |  | 1,313 |
|  | $ | 94,271 |  | $ | 1,200 |  | $ | 88,471 |  | $ | 7,000 |
| (1) |  | The purchase price allocation is preliminary and may be subject to change.
A summary of real estate acquisitions for the six months ended June 30, 2015 follows (in thousands):
|  | Consideration |  | Assets Acquired |
|  |  |  | Liabilities |  | Noncontrolling |  |  |  |  | Net |
Segment |  | Cash Paid |  | Assumed |  | Interest |  | Real Estate |  | Intangibles |
Senior housing |  | $ | 178,888 | (1) | $ | 821 |  | $ | 3,885 |  | $ | 166,732 |  | $ | 16,862 |
Post-acute/skilled nursing |  |  | 178,707 | (1) |  | — |  |  | — |  |  | 151,663 |  |  | 27,044 |
Medical office |  |  | 377,351 |  |  | 12,851 |  |  | — |  |  | 349,650 |  |  | 40,552 |
|  | $ | 734,946 |  | $ | 13,672 |  | $ | 3,885 |  | $ | 668,045 |  | $ | 84,458 |
(1)Includes £174 million ($254 million) of the Company’s HC-One Facility (see Note 6) converted to fee ownership in a portfolio of 36 care homes located throughout the United Kingdom (“U.K.”).
Schedule of unaudited pro forma consolidated results of operations (in thousands, except per share amounts) | The following unaudited pro forma consolidated results of operations assume that the RIDEA III acquisition was completed as of January 1, 2014 (in thousands, except per share data):
|  | Three Months Ended |  | Six Months Ended |
|  | June 30, 2015 |  | June 30, 2015 |
Revenues |  | $ | 651,095 |  | $ | 1,305,449 |
Net income (loss) |  |  | 171,653 |  |  | (61,945) |
Net income (loss) applicable to HCP, Inc. |  |  | 168,400 |  |  | (68,700) |
Basic earnings per common share |  |  | 0.36 |  |  | (0.15) |
Diluted earnings per common share |  |  | 0.36 |  |  | (0.15) |
Schedule of capital improvements (in thousands) | The following table summarizes the Company’s funding for construction, tenant and other capital improvements (in thousands):
|  | Six Months Ended June 30,
Segment |  | 2016 |  | 2015
Senior housing |  | $ | 65,290 |  | $ | 36,826
Post-acute/skilled nursing |  |  | 4,518 |  |  | 2,492
Life science |  |  | 97,348 |  |  | 50,548
Medical office |  |  | 55,391 |  |  | 49,534
Hospital |  |  | — |  |  | 37
|  | $ | 222,547 |  | $ | 139,437

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