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Income Statement

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All references to earnings per share are diluted earnings per share.
 2013 Y2014 Y2015 Y2016 Y
Source Document12/31/2015 12/31/2016 12/31/2016 12/31/2016 
(in thousands)    
Rental income 98,166101,849113,080133,527
Interest income from mortgage loans 6,29816,55322,11927,321
Interest and other income 5105591,004735
Total revenues 104,974118,961136,203161,583
Interest expense 11,36413,12817,49726,442
Depreciation and amortization 24,38925,52929,43135,932
Impairment of real estate for sale 002,250766
Provision for doubtful accounts 2,18032619457
Transaction costs 96195744179
General and administrative expenses 11,54011,63714,98617,412
Total expenses 49,56950,52165,52781,188
Operating income 55,40568,44070,67680,395
Income from unconsolidated joint ventures 001,8191,138
Gain on sale of real estate, net 04,9595863,582
Income from continuing operations 55,405NANANA
Discontinued operations 
Income from discontinued operations 805NANANA
Gain on sale of assets, net 1,605NANANA
Net income from discontinued operations 2,410NANANA
Net income 57,81573,39973,08185,115
Net income attributable to LTC Properties, Inc. 57,815NANANA
Income allocated to participating securities (383)(481)(484)(385)
Income allocated to preferred stockholders (3,273)(3,273)(2,454)0
Net income available to common stockholders 54,15969,64570,14384,730
Earnings per common share 
Continuing operations 1.56NANANA
Discontinued operations 0.07NANANA
Basic 1.642.011.972.21
Diluted 1.631.991.942.21
Weighted average shares used to calculate earnings per common share 
Basic 33,11134,61735,59038,388
Diluted 33,14236,64037,32938,597
Net income 57,81573,39973,08185,115
Reclassification adjustment (35)(35)(35)(47)
Comprehensive income 57,78073,36473,04685,068

Data shown on this page is extracted directly from the company's documents. SNL makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company's presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, SNL, as always, stands by its commitment to the quality of the data.

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