XML 46 R34.htm IDEA: XBRL DOCUMENT
v3.19.2

Earnings Per Common Share (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2019
Earnings Per Share [Abstract] |
Computation of Basic and Diluted Earnings per Share | The following table illustrates the computation of basic and diluted earnings per share (in thousands, except per share amounts):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2019 |  | 2018 |  | 2019 |  | 2018
Numerator |  |  |  |  |  |  |
Net income (loss) | $ | (9,980 | ) |  | $ | 92,928 |  |  | $ | 55,010 |  |  | $ | 136,165 |
Noncontrolling interests' share in earnings | (3,617 | ) |  | (2,986 | ) |  | (7,137 | ) |  | (5,991 | )
Net income (loss) attributable to HCP, Inc. | (13,597 | ) |  | 89,942 |  |  | 47,873 |  |  | 130,174 |
Less: Participating securities' share in earnings | (394 | ) |  | (461 | ) |  | (837 | ) |  | (852 | )
Net income (loss) applicable to common shares | $ | (13,991 | ) |  | $ | 89,481 |  |  | $ | 47,036 |  |  | $ | 129,322 |
Denominator |  |  |  |  |  |  |  |  |
Basic weighted average shares outstanding | 478,739 |  |  | 469,769 |  |  | 478,260 |  |  | 469,664 |
Dilutive potential common shares - equity awards | — |  |  | 172 |  |  | 281 |  |  | 135 |
Dilutive potential common shares - forward equity agreements(1) | — |  |  | — |  |  | 1,344 |  |  | — |
Diluted weighted average common shares | 478,739 |  |  | 469,941 |  |  | 479,885 |  |  | 469,799 |
Basic earnings per common share |  |  |  |  |  |  |
Basic | $ | (0.03 | ) |  | $ | 0.19 |  |  | $ | 0.10 |  |  | $ | 0.28 |
Diluted | $ | (0.03 | ) |  | $ | 0.19 |  |  | $ | 0.10 |  |  | $ | 0.28 |
_______________________________________ (1) Represents the current dilutive impact of 22 million shares of common stock under forward sales agreements that have not been settled as of June 30, 2019. Based on the forward price of each agreement as of June 30, 2019, issuance of all 22 million shares would result in approximately $641 million of net proceeds.

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

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration