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

Company profile

Business Address 1920 MAIN STREET
IRVINE, CA 92614
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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1441115595347184301
Cash and cash equivalents1441115595347184301
Restricted cash and investments 292742614937
Total current assets:14414082137407233338
Noncurrent Assets
Operating lease, right-of-use asset172
Property, plant and equipment1,9931,6381,7861,8811,9961,8891,823
Long-term investments and receivables826540801571605605197
Long-term investments826540801571605605197
Intangible assets, net (including goodwill)379352457522665531540
Goodwill47474742505050
Intangible assets, net (excluding goodwill)332305410480614481490
Disposal group, including discontinued operation, noncurrent assets504108417928  
Total noncurrent assets:3,8742,6383,4613,9033,2653,0262,560
Other undisclosed assets10,0159,94110,54511,71917,77718,11117,178
TOTAL ASSETS:14,03312,71914,08815,75921,45021,37020,076
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt75555358758599
Off-market lease, unfavorable75555358758599
Total noncurrent liabilities:75555358758599
Other undisclosed liabilities7,2906,1518,4419,76011,62810,2889,046
Total liabilities:7,3656,2068,4949,81811,70410,3739,145
Stockholders' equity
Stockholders' equity attributable to parent, including:6,0855,9445,3015,5489,34410,73510,723
Common stock505477469468465460457
Additional paid in capital9,1848,3998,2268,19911,64711,43211,334
Accumulated other comprehensive loss(3)(5)(24)(30)(30)(24)(14)
Other undisclosed stockholders' equity attributable to parent(3,601)(2,927)(3,371)(3,090)(2,738)(1,133)(1,053)
Stockholders' equity attributable to noncontrolling interest582568294394403262208
Total stockholders' equity:6,6676,5135,5955,9419,74610,99710,931
TOTAL LIABILITIES AND EQUITY:14,03312,71914,08815,75921,45021,37020,076

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,9971,8471,8482,1292,5442,2662,100
Revenue, net1,7381,9811,7981,5291,377
Cost of revenue(879)(705)(666)(738)(614)(867)(820)
Cost of goods and services sold(879)(705)(666)(738)(614)(385)(298)
Gross profit:1,1181,1421,1821,3911,9301,4001,280
Operating expenses     (517)(446)
Operating income:1,1181,1421,1821,3911,930883834
Nonoperating income147895334122211118
Investment income, nonoperating     2(1)
Gain on contract termination     38 
Other nonoperating income18213314148 
Interest and debt expense(226)(266)(308)(464)(480)(440)(435)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(988)(712)(798)(682)(2,038)440435
Income (loss) from continuing operations before equity method investments, income taxes:511,058410367(567)893852
Income (loss) from equity method investments(9)(3)1111575064
Other undisclosed loss from continuing operations before income taxes(51)(1,058)(410)(367)   
Income (loss) from continuing operations before income taxes:(9)(3)1111(510)943916
Income tax expense (benefit)17181(4)9(0)(6)
Other undisclosed income (loss) from continuing operations511,058410367(46)(36) 
Income (loss) from continuing operations:601,073423374(546)907911
Income from discontinued operations   266 3074
Net income (loss):601,073423640(546)937985
Net loss attributable to noncontrolling interest(15)(12)(8)(12)(13)(14)(14)
Net income (loss) attributable to parent:461,061414628(559)922971
Other undisclosed net loss available to common stockholders, basic(2)(3)(1)(1)(1)(2)(2)
Net income (loss) available to common stockholders, basic:441,058413627(561)920969
Dilutive securities, effect on basic earnings per share 7     
Net income (loss) available to common stockholders, diluted:441,065413627(561)920969

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):601,073423640(546)937985
Other comprehensive income (loss)21961(7)(9)0
Comprehensive income (loss):621,093428641(553)927985
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(15)(12)(8)(12)(13)(14)14
Other undisclosed comprehensive loss, net of tax, attributable to parent      (28)
Comprehensive income (loss), net of tax, attributable to parent:471,080420629(566)913971

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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