LTC Properties, Inc. (LTC) financial statements (2021 and earlier)

Company profile

Business Address 2829 TOWNSGATE ROAD
WESTLAKE VILLAGE, CA 91361
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 investments843581325
Cash and cash equivalents843581325
Restricted cash and investments  2    
Total current assets:845581325
Noncurrent Assets
Property, plant and equipment12812712512411610780
Deferred costs2314    
Total noncurrent assets:13012914012411610780
Other undisclosed assets1,3211,3811,3691,3361,2711,156861
TOTAL ASSETS:1,4591,5141,5141,4661,3951,275966
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities684729681707655616306
Total liabilities:684729681707655616306
Stockholders' equity
Stockholders' equity attributable to parent, including:767777825755740659660
Preferred stock      39
Common stock0000000
Additional paid in capital853867863857839759717
Accumulated other comprehensive income     00
Retained earnings1,3891,2931,2561,1011,013928855
Other undisclosed stockholders' equity attributable to parent(1,475)(1,384)(1,293)(1,203)(1,113)(1,028)(951)
Stockholders' equity attributable to noncontrolling interest8873   
Total stockholders' equity:776785833759740659660
TOTAL LIABILITIES AND EQUITY:1,4591,5141,5141,4661,3951,275966

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
Revenues159185169168162136119
Revenue, net138134113102
Operating lease, lease income126153
Operating leases, income statement, lease revenue135
Net investment income31302827272217
Cost of revenue(49)(47)(30)(30)(26)(17)(13)
Provision for loan, lease, and other losses(23)(2)0
Gross profit:111138138138135119106
Operating expenses(59)(58)(57)(57)(55)(48)(37)
Other undisclosed operating income44271    
Operating income:968215281807168
Interest and debt expense(30)(31)(30)(30)(26)(17)(13)
Income from continuing operations before equity method investments, income taxes:665112251545355
Income from equity method investments02321  
Income before gain (loss) on sale of properties:665412554555355
Other undisclosed net income29273034 2018
Net income:968115587557373
Net loss attributable to noncontrolling interest(0)(0)(0)    
Other undisclosed net income attributable to parent    30  
Net income attributable to parent:958115587857373
Preferred stock dividends and other adjustments     (2)(3)
Undistributed earnings (loss) allocated to participating securities, basic(0)(0)(0)(0)
Other undisclosed net loss available to common stockholders, basic(0)(0)(0)(0)(0)(0)(0)
Net income available to common stockholders, basic:958015487857070
Dilutive securities, effect on basic earnings per share  10023
Net income available to common stockholders, diluted:958015587857373

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:968115587557373
Other comprehensive loss    (0)(0)(0)
Comprehensive income:968115587557373
Comprehensive loss, net of tax, attributable to noncontrolling interest(0)(0)(0)    
Other undisclosed comprehensive income, net of tax, attributable to parent000 30  
Comprehensive income, net of tax, attributable to parent:968115587857373

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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