LTC Properties, Inc. (LTC) Financial Statements (2024 and earlier)

Company Profile

Business Address 2829 TOWNSGATE ROAD
WESTLAKE VILLAGE, CA 91361
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments10,3795,1617,7724,2442,6565,213
Cash and cash equivalents10,3795,1617,7724,2442,6565,213
Restricted cash and investments     2,108 
Total current assets:10,3795,1617,7724,2444,7645,213
Noncurrent Assets
Property, plant and equipment124,665123,239127,774126,703125,358124,041
Deferred costs   2,4622,55214,443 
Total noncurrent assets:124,665123,239130,236129,255139,801124,041
Other undisclosed assets1,521,0591,376,4251,321,4781,380,7101,369,0551,336,316
TOTAL ASSETS:1,656,1031,504,8251,459,4861,514,2091,513,6201,465,570
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities805,796759,698683,680728,783680,649706,922
Total liabilities:805,796759,698683,680728,783680,649706,922
Equity
Equity, attributable to parent, including:828,367736,714767,402776,943825,490755,160
Common stock412394392398397396
Additional paid in capital931,124856,895852,780867,346862,712856,992
Accumulated other comprehensive income (loss)8,719(172)    
Retained earnings1,544,6601,444,6361,388,7751,293,4821,255,7641,100,783
Other undisclosed equity, attributable to parent(1,656,548)(1,565,039)(1,474,545)(1,384,283)(1,293,383)(1,203,011)
Equity, attributable to noncontrolling interest21,9408,4138,4048,4837,4813,488
Total equity:850,307745,127775,806785,426832,971758,648
TOTAL LIABILITIES AND EQUITY:1,656,1031,504,8251,459,4861,514,2091,513,6201,465,570

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues175,153155,322159,337185,304168,645168,065
Operating leases, income statement, lease revenue135,405
Revenue, net137,657
Operating lease, lease income128,244121,125126,094152,755
Net investment income40,60032,81131,39629,99128,20026,769
Cost of revenue(50,345)(42,767)(48,747)(47,337)(30,196)(29,949)
Provision for loan, lease, and other losses(256)(758)(23,214)(1,926)37
Gross profit:124,808112,555110,590137,967138,449138,116
Operating expenses(63,558)(65,210)(59,077)(58,200)(56,919)(56,853)
Other undisclosed operating income37,8307,46244,1172,10670,682 
Operating income:99,08054,80795,63081,873152,21281,263
Interest and debt expense(31,437)(27,375)(29,705)(30,582)(30,196)(29,949)
Income from continuing operations before equity method investments, income taxes:67,64327,43265,92551,291122,01651,314
Income from equity method investments  1,4174322,3882,8642,263
Income from continuing operations:67,64328,84966,35753,679124,88053,577
Income before gain (loss) on sale of properties:28,84966,35753,679124,88053,577
Other undisclosed net income32,94127,37529,32027,19330,19633,763
Net income:100,58456,22495,67780,872155,07687,340
Net loss attributable to noncontrolling interest(560)(363)(384)(346)(95) 
Net income attributable to parent:100,02455,86195,29380,526154,98187,340
Undistributed earnings (loss) allocated to participating securities, basic(49) (25)(19)(268)(12)
Other undisclosed net loss available to common stockholders, basic(531)(458)(397)(372)(357)(350)
Net income available to common stockholders, basic:99,44455,40394,87180,135154,35686,978
Dilutive securities, effect on basic earnings per share     625362
Net income available to common stockholders, diluted:99,44455,40394,87180,135154,98187,340

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:100,58456,22495,67780,872155,07687,340
Other undisclosed comprehensive income (loss)8,891     
Comprehensive income:109,47556,22495,67780,872155,07687,340
Comprehensive loss, net of tax, attributable to noncontrolling interest(560)(363)(384)(346)(95) 
Other undisclosed comprehensive income, net of tax, attributable to parent   38434695 
Comprehensive income, net of tax, attributable to parent:108,91555,86195,67780,872155,07687,340

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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