HCP, Inc. (HCP) financial statements (2021 and earlier)

Company profile

Business Address 5050 SOUTH SYRACUSE STREET
DENVER, CO 80237
State of Incorp. MD
Fiscal Year End December 31
SIC 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments441441115595347184
Cash and cash equivalents441441115595347184
Restricted cash and investments  2927426149
Total current assets:4414414082137407233
Noncurrent Assets
Operating lease, right-of-use asset192172
Property, plant and equipment1,8671,9931,6381,7861,8811,9961,889
Long-term investments and receivables403826540801571605605
Long-term investments403826540801571605605
Intangible assets, net (including goodwill)538379352457522665531
Goodwill18474747425050
Intangible assets, net (excluding goodwill)520332305410480614481
Disposal group, including discontinued operation, noncurrent assets2,626504108417928  
Total noncurrent assets:5,6273,8742,6383,4613,9033,2653,026
Other undisclosed assets10,24910,0159,94110,54511,71917,77718,111
TOTAL ASSETS:15,92014,03312,71914,08815,75921,45021,370
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt144755553587585
Off-market lease, unfavorable144755553587585
Total noncurrent liabilities:144755553587585
Other undisclosed liabilities8,4317,2906,1518,4419,76011,62810,288
Total liabilities:8,5767,3656,2068,4949,81811,70410,373
Stockholders' equity
Stockholders' equity attributable to parent, including:6,7886,0855,9445,3015,5489,34410,735
Common stock538505477469468465460
Additional paid in capital10,2309,1848,3998,2268,19911,64711,432
Accumulated other comprehensive loss(4)(3)(5)(24)(30)(30)(24)
Other undisclosed stockholders' equity attributable to parent(3,976)(3,601)(2,927)(3,371)(3,090)(2,738)(1,133)
Stockholders' equity attributable to noncontrolling interest556582568294394403262
Total stockholders' equity:7,3456,6676,5135,5955,9419,74610,997
TOTAL LIABILITIES AND EQUITY:15,92014,03312,71914,08815,75921,45021,370

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,6451,9971,8471,8482,1292,5442,266
Revenue, net1,7381,9811,7981,529
Operating lease, lease income1,182 
Cost of revenue(783)(879)(705)(666)(738)(614)(867)
Cost of goods and services sold(783)(879)(705)(666)(738)(614)(385)
Gross profit:8621,1181,1421,1821,3911,9301,400
Operating expenses      (517)
Operating income:8621,1181,1421,1821,3911,930883
Nonoperating income2821478953341222111
Investment income, nonoperating      2
Gain on contract termination      38
Other nonoperating income23518213314148
Interest and debt expense(218)(226)(266)(308)(464)(480)(440)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(708)(988)(712)(798)(682)(2,038)440
Income (loss) from continuing operations before equity method investments, income taxes:218511,058410367(567)893
Income (loss) from equity method investments(67)(9)(3)11115750
Other undisclosed loss from continuing operations before income taxes (51)(1,058)(410)(367)  
Income (loss) from continuing operations before income taxes:151(9)(3)1111(510)943
Income tax expense (benefit)917181(4)9(0)
Other undisclosed income (loss) from continuing operations 511,058410367(46)(36)
Income (loss) from continuing operations:161601,073423374(546)907
Income from discontinued operations268   266 30
Net income (loss):428601,073423640(546)937
Net loss attributable to noncontrolling interest (15)(12)(8)(12)(13)(14)
Other undisclosed net loss attributable to parent(15)      
Net income (loss) attributable to parent:414461,061414628(559)922
Other undisclosed net loss available to common stockholders, basic(2)(2)(3)(1)(1)(1)(2)
Net income (loss) available to common stockholders, basic:411441,058413627(561)920
Dilutive securities, effect on basic earnings per share  7    
Net income (loss) available to common stockholders, diluted:411441,065413627(561)920

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):428601,073423640(546)937
Other comprehensive income (loss)(1)21961(7)(9)
Comprehensive income (loss):427621,093428641(553)927
Comprehensive loss, net of tax, attributable to noncontrolling interest (15)(12)(8)(12)(13)(14)
Other undisclosed comprehensive loss, net of tax, attributable to parent(15)      
Comprehensive income (loss), net of tax, attributable to parent:413471,080420629(566)913

Statements sources

The financial statements are based on the company's filings with the 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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