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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues:      
Rental and related revenues $ 1,159,791 $ 1,116,830 $ 1,147,145
Tenant recoveries 134,280 125,022 109,659
Resident fees and services 686,835 525,453 241,965
Income from direct financing leases 59,580 61,000 64,441
Interest income 88,808 112,184 73,623
Total revenues 2,129,294 1,940,489 1,636,833
Costs and expenses:      
Interest expense 464,403 479,596 439,742
Depreciation and amortization 568,108 504,905 455,016
Operating 738,399 610,679 381,294
General and administrative 103,611 95,965 81,765
Acquisition and pursuit costs 9,821 27,309 17,142
Impairment, net   108,349  
Total costs and expenses 1,884,342 1,826,803 1,374,959
Other income (expense):      
Gain on sales of real estate, net 164,698 6,377 3,288
Loss on debt extinguishments (46,020)    
Other income, net 3,654 16,208 9,252
Total other income, net 122,332 22,585 12,540
Income before income taxes and equity income from unconsolidated joint ventures 367,284 136,271 274,414
Income tax (expense) benefit (4,473) 9,807 506
Equity income (loss) from unconsolidated joint ventures 11,360 6,590 (3,605)
Income from continuing operations 374,171 152,668 271,315
Discontinued operations:      
Income before impairments, transaction costs, gain on sales of real estate and income taxes 400,701 643,109 673,935
Impairments, net   (1,341,399) (35,913)
Transaction costs (86,765)    
Gain on sales of real estate, net of income taxes     28,010
Income tax expense (48,181) (796) (756)
Total discontinued operations 265,755 (699,086) 665,276
Net income (loss) 639,926 (546,418) 936,591
Noncontrolling interests' share in earnings (12,179) (12,817) (14,358)
Net income (loss) attributable to HCP, Inc. 627,747 (559,235) 922,233
Participating securities' share in earnings (1,198) (1,317) (2,437)
Net income (loss) applicable to common shares $ 626,549 $ (560,552) $ 919,796
Basic earnings per common share:      
Continuing operations (in dollars per share) $ 0.77 $ 0.30 $ 0.56
Discontinued operations (in dollars per share) 0.57 (1.51) 1.45
Net income (loss) applicable to common shares (in dollars per share) 1.34 (1.21) 2.01
Diluted earnings per common share:      
Continuing operations (in dollars per share) 0.77 0.30 0.56
Discontinued operations (in dollars per share) 0.57 (1.51) 1.44
Net income (loss) applicable to common shares (in dollars per share) $ 1.34 $ (1.21) $ 2.00
Weighted average shares used to calculate earnings per common share:      
Basic (in shares) 467,195 462,795 458,425
Diluted (in shares) 467,403 462,795 458,796