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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenues:      
Rental and related revenues $ 1,128,054 $ 997,767 $ 986,432
Tenant recoveries 100,649 94,626 92,254
Resident fees and services 146,288 139,073 49,091
Income from direct financing leases 636,881 622,073 464,704
Interest income 86,159 24,536 99,864
Investment management fee income 1,847 1,895 2,073
Total revenues 2,099,878 1,879,970 1,694,418
Costs and expenses:      
Interest expense 435,252 416,172 415,455
Depreciation and amortization 423,312 353,704 346,055
Operating 298,282 280,716 218,701
General and administrative 109,233 79,395 96,059
Litigation provision     125,000
Impairments   7,878 15,400
Total costs and expenses 1,266,079 1,137,865 1,216,670
Other income, net 18,216 2,976 12,933
Income before income taxes and equity income from unconsolidated joint ventures 852,015 745,081 490,681
Income taxes (5,815) 1,654 (1,301)
Equity income from unconsolidated joint ventures 64,433 54,455 46,750
Income from continuing operations 910,633 801,190 536,130
Discontinued operations:      
Income before impairment losses and gain on sales of real estate, net of income taxes 5,879 14,198 15,257
Impairment losses on real estate (1,372)    
Gain on sales of real estate, net of income taxes 69,866 31,454 3,107
Total discontinued operations 74,373 45,652 18,364
Net income 985,006 846,842 554,494
Noncontrolling interests' share in earnings (14,169) (14,302) (15,603)
Net income attributable to HCP, Inc. 970,837 832,540 538,891
Preferred stock dividends   (17,006) (21,130)
Participating securities' share in earnings (1,734) (3,245) (2,459)
Net income applicable to common shares $ 969,103 $ 812,289 $ 515,302
Basic earnings per common share:      
Continuing operations (in dollars per share) $ 1.97 $ 1.80 $ 1.25
Discontinued operations (in dollars per share) $ 0.16 $ 0.10 $ 0.04
Net income applicable to common shares (in dollars per share) $ 2.13 $ 1.90 $ 1.29
Diluted earnings per common share:      
Continuing operations (in dollars per share) $ 1.97 $ 1.80 $ 1.25
Discontinued operations (in dollars per share) $ 0.16 $ 0.10 $ 0.04
Net income applicable to common shares (in dollars per share) $ 2.13 $ 1.90 $ 1.29
Weighted average shares used to calculate earnings per common share:      
Basic (in shares) 455,002 427,047 398,446
Diluted (in shares) 455,702 428,316 400,218