You are on page 1of 28

Balance Sheet (As-reported) 09/17 Q 2016 Y

As Of Date 9/30/2017 12/31/2016
Source Document 9/30/2017 10-Q 9/30/2017 10-Q
Currency Code USD USD
(in thousands)

Assets
Real estate investments, net of accumulated depreciation 5,972,785 2,009,939
Loans receivable and other investments, net 149,766 96,036
Cash and cash equivalents 30,873 25,663
Restricted cash 12,489 9,002
Lease intangible assets, net 262,817 26,250
Accounts receivable, prepaid expenses and other assets, net 159,577 99,029
Total assets 6,588,307 2,265,919
Liabilities
Secured debt, net 257,571 160,752
Revolving credit facility 251,000 26,000
Term loans, net 1,190,887 335,673
Senior unsecured notes, net 1,305,996 688,246
Accounts payable and accrued liabilities 116,146 39,639
Lease intangible liabilities, net 94,878 0
Total liabilities 3,216,478 1,250,310
Equity
Preferred stock 58 58
Common stock 1,758 653
Additional paid-in capital 3,588,510 1,208,862
Cumulative distributions in excess of net income (225,459) (192,201)
Accumulated other comprehensive income (loss) 4,236 (1,798)
Total Sabra Health Care REIT, Inc. stockholders' equity 3,369,103 1,015,574
Noncontrolling interests 2,726 35
Total equity 3,371,829 1,015,609
Total liabilities and equity 6,588,307 2,265,919

Data shown on this page is extracted directly from the company’s documents. SNL makes every effort to line up fields, caption

every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may repo

In certain instances the variation in the company’s presenta .e variations in how the company may report these items in different documents.

potentially resulting in repeating and/or disordered items.ariation in the company’s presentation over time may be too significant. Despite p .

as always.sordered items. Despite possible issues with the presentation. . SNL. stands by its commitment to the quality of the data.

uality of the data. .

472 20.164 . basi 81.454 5.218 24.638 Weighted-average number of common shares outstanding.396 15.750 23.429.482 4.756 12. Inc.874 Income tax benefit (expense) (161) 195 Net income 54.100 Dividends declared per common share (actual) 1.175 111.138 Comprehensive loss attributable to noncontrolling interest 42 26 Comprehensive income attributable to Sabra Health Care REI 60.11 Diluted common share (actual) 0.182 80 Income before income tax expense 54.418.57 0.789 Expenses Depreciation and amortization 62.929 5.430 20.095 Preferred stock dividends (7.069 Other comprehensive income (loss) Unrealized gain (loss).149. 54. net of tax Foreign currency translation gain (loss) 552 412 Unrealized gain (loss) on cash flow hedges 5.840 7.396 15.800 96.044 112.944 Merger and acquisition costs 29.273 100.069 Net loss attributable to noncontrolling interests 42 26 Net income attributable to Sabra Health Care REIT. dilu 81.034 5.438 15.568 Operating expenses 11.554 Total revenues 239.36 Comprehensive income Net income 54.995 Other income (expense) Loss on extinguishment of debt (553) (553) Other income 3.090 Resident fees and services 17.145 Interest and other income 8.062 4.102 General and administrative 24.561) Net income attributable to common stockholders 46.21 0.150.614 582 Total other income (expense) 7.557 14. per Basic common share (actual) 0.933 Interest 56.534 Net income attributable to common stockholders.149 Impairment of real estate 0 0 Total expenses 191.290 25.Income Statement (As-reported) YTD 09/17 Q As Of Date 9/30/2017 9/30/2017 Source Document 9/30/2017 10-Q 9/30/2017 10-Q Currency Code USD USD (in thousands) Revenues Rental income 213.299 Provision for doubtful accounts and loan losses 7.682) (2.11 Weighted-average number of common shares outstanding.58 0.846 112.159 12.657 Total other comprehensive income (loss) 6.121 51 Net gain (loss) on sale of real estate 4.069 Comprehensive income 60.

Data shown on this page is extracted directly from the company’s documents. caption . SNL makes every effort to line up fields.

203) 1.821 25.312 261% -68% 66 25 62% -61% 47.857 98% -36% (556) 0 0% -1% 5.102 140% -49% 49.937 136% 30% 198.833 113% -40% 25.35 427% -82% 0.776 273% -68% 0.60 0.735 61.396 8878% -95% 47.300) 398 18% -458% (2.235 200% -55% .482 3.051 28% 1807% 3.60 0.419 22.442 56.049) (102) 19% -347% 44.513 4.312.811 0 -100% 152.945 6020% -99% (3.811 1.35 418% -82% 65.794 129% -50% 4.42 236% -71% 47.927 114% -44% 51.052 25.500 40.451 693% -118% 1.139 15.589 65.288 -28% 72% 65.561) 200% -67% 39.586 4.312 261% -68% (749) (500) 34% -155% (1.210 200% -55% 66 25 62% -61% 45.337 261% -68% (7.682) (2.256 1.035 25.286 540 45% 57% 29.591.470.966 87% -4% 1.273 17.404 134% 20% 13.157 97% -84% 5.285.345 2. 09/16 YTD 09/16 Q 9/30/2016 9/30/2016 9/30/2017 10-Q 9/30/2017 10-Q USD USD 167.035 25.428 -28% 72% 1.466 267% -69% (786) (154) -183% -125% 47.986 25.25 0.222 1.591 65.101 25.

every effort to line up fields. despite variations in how the company may repo . captions and headers that represent the same data over time.

195% 707% 200% 221% 200% 211% 203% 172% 16% 509% 273% 81% -321% -64% 88% 410% 86% 164% 86% 200% 73% 71% 71% 0% 0% 198% 86% 50% -427% 1909% 78% 164% 79% .

e variations in how the company may report these items in different documents. In certain instances the variation in the company’s presenta .

Despite p . potentially resulting in repeating and/or disordered items.ariation in the company’s presentation over time may be too significant.

SNL. . stands by its commitment to the quality of the data. Despite possible issues with the presentation. as always.sordered items.

.uality of the data.

663 7.233) (901) Repayment of loans receivable 8.933) Issuance of common stock.816 Cash flows from investing activities Acquisition of real estate (393.035 Adjustments to reconcile net income to net cash provided by operating activities Depreciation and amortization 62. beginning of period 25.360 Principal payments on secured debt (3.452 11. net 319.642) (9.316) (5.064) (109.036) (2.217 Restricted cash (5.283) Net cash provided by (used in) financing activities 257.454 3.947 Repayments of preferred equity investments 3.239 0 Net proceeds from the sales of real estate 11.553 Cash flows from financing activities Net repayments of revolving credit facility (137.434 Cash and cash equivalents.803 (295.094) (13.396 47.767 Stock-based compensation expense 8.290 51.811 Changes in operating assets and liabilities Accounts receivable.132 3.026 (1.000) Proceeds from term loans 181.674 Supplemental disclosure of cash flow information Interest paid 48.873 19.820) Net cash provided by operating activities 49.570) 6.756) Payments of deferred financing costs (15.723 85. n 637 0 Non-cash interest income adjustments (137) 549 Amortization of deferred financing costs 4.122) 173.289) Dividends paid on common and preferred stock (86.713) (6.710) Provision for doubtful accounts and loan losses 7.813) (89.381 Accounts payable and accrued liabilities (53.752) 1.901) Net increase in cash and cash equivalents 4.Cash Flow (As-reported) YTD 09/16 YTD As Of Date 9/30/2017 9/30/2016 Source Document 9/30/2017 10-Q 9/30/2017 10-Q Currency Code USD USD (in thousands) Cash flows from operating activities Net income 54.771 133.260) (16.845) Additions to real estate (3.710 214. end of period 30.203 Impairment of real estate 0 29.000) (255.329 6.614) 3.619) Cash received in CCP Merger 77.286 Change in fair value of contingent consideration (552) 50 Net (gain) loss on sales of real estate (4. prepaid expenses and other assets (5.858 0 Origination and fundings of loans receivable (5.009 .836 49.137 Amortization of debt premium/discount (99) 81 Loss on extinguishment of debt 553 556 Straight-line rental income adjustments (18.273 Amortization of above and below market lease intangibles.449 Net cash (used in) provided by investing activities (303.468 Effect of foreign currency translation on cash and cash equival 758 772 Cash and cash equivalents.478) Origination and fundings of preferred equity investments (2.000 69.

373) 0 Stock exchanged in CCP Merger (2.093 0 Assumption of indebtedness in CCP Merger (1.751.100 Data shown on this page is extracted directly from the company’s documents.052. SNL makes every effort to line up fields. caption .578) 0 Real estate acquired through loan receivable foreclosure 0 10.Supplemental disclosure of non-cash investing and financing activities Acquisition of business in CCP Merger 3.726.

every effort to line up fields. despite variations in how the company may repo . captions and headers that represent the same data over time.

e variations in how the company may report these items in different documents. In certain instances the variation in the company’s presenta .

ariation in the company’s presentation over time may be too significant. Despite p . potentially resulting in repeating and/or disordered items.

SNL. Despite possible issues with the presentation. as always. stands by its commitment to the quality of the data.sordered items. .

uality of the data. .

418.66 0.810 4.741.Funds from Operations (As-reported) YTD 09/17 Q As Of Date 9/30/2017 9/30/2017 Source Document 9/30/2017 10-Q 9/30/2017 10-Q Currency Code USD USD (in thousands) Net income attributable to common stockholders 46.988 2.885 Merger and acquisition costs 29.290 25.886 Other non-cash adjustments 1.403 FFO attributable to common stockholders per diluted common s 1.682) Amortization of above and below market lease intangibles.779 Data shown on this page is extracted directly from the company’s documents.614) (582) Impairment of real estate 0 0 FFO attributable to common stockholders 104.260) (8. net 637 637 Non-cash interest income adjustments (137) (188) Amortization of deferred financing costs 4.693.429. SNL makes every effort to line up fields.288 112.669 Straight-line rental income adjustments (18.371 500 AFFO attributable to common stockholders 135.750 23.34 AFFO attributable to common stockholders per diluted common 1. diluted FFO attributable to common stockholders (#) 81.756 12.100 AFFO attributable to common stockholders (#) 81.28 0.044 112.56 Weighted average number of common shares outstanding.534 Depreciation and amortization of real estate assets 62.132 1.724 63. loan losses 6. caption .933 Net (gain) loss on sale of real estate (4.299 Stock-based compensation expense 6.574 Non-cash portion of loss on extinguishment of debt 553 553 Change in fair value of contingent consideration (552) 270 Provision for doubtful straight-line rental income.432 37.

09/16 YTD 09/16 Q 9/30/2016 9/30/2016 9/30/2017 10-Q 9/30/2017 10-Q USD USD 39.776 51.427 1.470.86 0.273 556 0 50 100 3.051 6.811 0 123.591.872.589 65.854.710) (5.428 65.451) 29.688 every effort to line up fields.697 38.706 38.593) 0 0 549 106 3.89 0.485 (16.419 22.58 65.222 1. captions and headers that represent the same data over time.59 1.102 3.445 830 (25) (230) 122.449 1. despite variations in how the company may repo .273 17.767 1.782 65.137 2.203 (1.

e variations in how the company may report these items in different documents. In certain instances the variation in the company’s presenta .

potentially resulting in repeating and/or disordered items.ariation in the company’s presentation over time may be too significant. Despite p .

stands by its commitment to the quality of the data. SNL. . Despite possible issues with the presentation.sordered items. as always.

uality of the data. .