Sabra Health Care REIT, Inc. (SBRA) Financial Statements (2023 and earlier)

Company Profile

Business Address 18500 VON KARMAN
IRVINE, CA 92612
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)

6/30/2023
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 investments49,308111,99659,07639,09750,230518,632
Cash and cash equivalents49,308111,99659,07639,09750,230518,632
Total current assets:49,308111,99659,07639,09750,230518,632
Noncurrent Assets
Property, plant and equipment5,872,6885,994,2085,966,6955,880,5836,255,8836,334,855
Long-term investments and receivables134,96296,680288,761319,460340,120 
Long-term investments134,96296,680288,761319,460340,120 
Intangible assets, net (including goodwill)40,13154,063   167,119
Intangible assets, net (excluding goodwill)40,13154,063   167,119
Total noncurrent assets:6,047,7816,144,9516,255,4566,200,0436,596,0036,501,974
Other undisclosed assets(349,417)(290,240)(328,929)(169,841)19,07011,671
TOTAL ASSETS:5,747,6725,966,7075,985,6036,069,2996,665,3037,032,277
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities2,691,2772,587,1772,576,3752,580,8393,410,5563,595,028
Total liabilities:2,691,2772,587,1772,576,3752,580,8393,410,5563,595,028
Equity
Equity, attributable to parent, including:3,056,3953,379,5304,125,4233,488,4603,250,4143,432,807
Preferred stock      58
Common stock2,3102,3042,1062,0521,7831,783
Additional paid in capital4,486,9674,482,4514,163,2284,072,0793,507,9253,636,913
Accumulated other comprehensive income (loss)19,063(10,021)(39,911)(12,388)12,30111,289
Other undisclosed equity, attributable to parent(1,451,945)(1,095,204) (573,283)(271,595)(217,236)
Equity, attributable to noncontrolling interest     4,3334,442
Other undisclosed equity   (716,195)   
Total equity:3,056,3953,379,5303,409,2283,488,4603,254,7473,437,249
TOTAL LIABILITIES AND EQUITY:5,747,6725,966,7075,985,6036,069,2996,665,3037,032,277

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

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues624,811569,545598,569661,736623,409405,647
Operating leases, income statement, lease revenue536,605
Revenue, net364,191
Operating lease, lease income400,586396,716430,584452,138
Gross profit:624,811569,545598,569661,736623,409405,647
Operating expenses(133,757)(48,103)(38,613)(153,943)(125,079)(67,374)
Operating income:491,054521,442559,956507,793498,330338,273
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(13,519)(21,948)4,484(11,946)129,76154,646
Interest and debt expense(105,471)(98,632)(100,424)(126,610)(147,106)(88,440)
Other undisclosed loss from continuing operations before equity method investments, income taxes(350,395)(320,192)    
Income (loss) from continuing operations before equity method investments, income taxes:21,66980,670464,016369,237480,985304,479
Loss from equity method investments  (27,955)(16,599)   
Other undisclosed loss from continuing operations before income taxes   (291,691)(290,021)(193,428)(145,463)
Income (loss) from continuing operations before income taxes:21,66952,715155,72679,216287,557159,016
Income tax expense(1,242)(1,845)(710)(3,402)(3,011)(651)
Other undisclosed loss from continuing operations   (16,599)(6,796)(5,431) 
Income (loss) from continuing operations:20,42750,870138,41769,018279,115158,365
Income (loss) before gain (loss) on sale of properties:66,870138,41769,018279,115158,365
Income from discontinued operations  16,000    
Other undisclosed net loss  (180,126)    
Net income (loss):20,427(113,256)138,41769,018279,115158,365
Other undisclosed net income (loss) attributable to parent(98,032)  (22)(33)18
Net income (loss) attributable to parent:(77,605)(113,256)138,41768,996279,082158,383
Preferred stock dividends and other adjustments     (9,768)(10,242)
Net income (loss) available to common stockholders, diluted:(77,605)(113,256)138,41768,996269,314148,141

Comprehensive Income ($ in thousands)

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):20,427(113,256)138,41769,018279,115158,365
Other comprehensive income (loss)29,08429,890(27,523)(24,689)21713,087
Other undisclosed comprehensive income (loss)(98,032)   795 
Comprehensive income (loss):(48,521)(83,366)110,89444,329280,127171,452
Comprehensive income (loss), net of tax, attributable to noncontrolling interest    (22)(33)18
Other undisclosed comprehensive income, net of tax, attributable to parent      
Comprehensive income (loss), net of tax, attributable to parent:(48,521)(83,366)110,89444,307280,094171,470

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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