LTC Properties, Inc. (LTC) Financial Statements (2023 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 millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments58435813
Cash and cash equivalents58435813
Restricted cash and investments   2   
Total current assets:58455813
Noncurrent Assets
Property, plant and equipment123128127125124116107
Deferred costs 2314   
Total noncurrent assets:123130129140124116107
Other undisclosed assets1,3761,3211,3811,3691,3361,2711,156
TOTAL ASSETS:1,5051,4591,5141,5141,4661,3951,275
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities760684729681707655616
Total liabilities:760684729681707655616
Stockholders' equity
Stockholders' equity attributable to parent, including:737767777825755740659
Common stock0000000
Additional paid in capital857853867863857839759
Accumulated other comprehensive income (loss)(0)     0
Retained earnings1,4451,3891,2931,2561,1011,013928
Other undisclosed stockholders' equity attributable to parent(1,565)(1,475)(1,384)(1,293)(1,203)(1,113)(1,028)
Stockholders' equity attributable to noncontrolling interest88873  
Total stockholders' equity:745776785833759740659
TOTAL LIABILITIES AND EQUITY:1,5051,4591,5141,5141,4661,3951,275

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues155159185169168162136
Revenue, net138134113
Operating lease, lease income121126153
Operating leases, income statement, lease revenue135
Net investment income33313028272722
Cost of revenue(43)(49)(47)(30)(30)(26)(17)
Provision for loan, lease, and other losses(1)(23)(2)0
Gross profit:113111138138138135119
Operating expenses(65)(59)(58)(57)(57)(55)(48)
Other undisclosed operating income744271   
Operating income:559682152818071
Interest and debt expense(27)(30)(31)(30)(30)(26)(17)
Income from continuing operations before equity method investments, income taxes:276651122515453
Income from equity method investments102321 
Income before gain (loss) on sale of properties:296654125545553
Other undisclosed net income2729273034 20
Net income:569681155875573
Net loss attributable to noncontrolling interest(0)(0)(0)(0)   
Other undisclosed net income attributable to parent     30 
Net income attributable to parent:569581155878573
Preferred stock dividends and other adjustments      (2)
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:559580154878570
Dilutive securities, effect on basic earnings per share   1002
Net income available to common stockholders, diluted:559580155878573

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:569681155875573
Other comprehensive loss     (0)(0)
Comprehensive income:569681155875573
Comprehensive loss, net of tax, attributable to noncontrolling interest(0)(0)(0)(0)   
Other undisclosed comprehensive income, net of tax, attributable to parent 000 30 
Comprehensive income, net of tax, attributable to parent:569681155878573

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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