Welltower Inc
NYSE:WELL
Income Statement
Earnings Waterfall
Welltower Inc
Revenue
|
6.6B
USD
|
Cost of Revenue
|
-3.9B
USD
|
Gross Profit
|
2.7B
USD
|
Operating Expenses
|
-1.7B
USD
|
Operating Income
|
991.9m
USD
|
Other Expenses
|
-651.8m
USD
|
Net Income
|
340.1m
USD
|
Income Statement
Welltower Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
2 881
N/A
|
3 053
+6%
|
3 201
+5%
|
3 264
+2%
|
3 344
+2%
|
3 436
+3%
|
3 567
+4%
|
3 698
+4%
|
3 860
+4%
|
4 013
+4%
|
4 132
+3%
|
4 232
+2%
|
4 281
+1%
|
4 296
+0%
|
4 278
0%
|
4 291
+0%
|
4 317
+1%
|
4 351
+1%
|
4 419
+2%
|
4 564
+3%
|
4 701
+3%
|
4 876
+4%
|
5 070
+4%
|
5 100
+1%
|
5 121
+0%
|
5 108
0%
|
4 976
-3%
|
4 747
-5%
|
4 606
-3%
|
4 400
-4%
|
4 352
-1%
|
4 555
+5%
|
4 742
+4%
|
5 086
+7%
|
5 417
+7%
|
5 651
+4%
|
5 861
+4%
|
6 026
+3%
|
6 219
+3%
|
6 407
+3%
|
6 638
+4%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(1 207)
|
(1 295)
|
(1 361)
|
(1 375)
|
(1 403)
|
(1 439)
|
(1 493)
|
(1 547)
|
(1 622)
|
(1 695)
|
(1 756)
|
(1 821)
|
(1 877)
|
(1 938)
|
(1 981)
|
(2 031)
|
(2 084)
|
(2 130)
|
(2 197)
|
(2 330)
|
(2 433)
|
(2 538)
|
(2 661)
|
(2 653)
|
(2 657)
|
(2 669)
|
(2 630)
|
(2 608)
|
(2 566)
|
(2 503)
|
(2 486)
|
(2 558)
|
(2 744)
|
(2 960)
|
(3 171)
|
(3 375)
|
(3 530)
|
(3 633)
|
(3 738)
|
(3 822)
|
(3 948)
|
|
Gross Profit |
1 674
N/A
|
1 757
+5%
|
1 839
+5%
|
1 890
+3%
|
1 940
+3%
|
1 998
+3%
|
2 074
+4%
|
2 152
+4%
|
2 238
+4%
|
2 317
+4%
|
2 376
+3%
|
2 411
+1%
|
2 404
0%
|
2 359
-2%
|
2 298
-3%
|
2 260
-2%
|
2 233
-1%
|
2 221
-1%
|
2 222
+0%
|
2 233
+1%
|
2 268
+2%
|
2 338
+3%
|
2 409
+3%
|
2 446
+2%
|
2 464
+1%
|
2 439
-1%
|
2 346
-4%
|
2 139
-9%
|
2 040
-5%
|
1 896
-7%
|
1 866
-2%
|
1 997
+7%
|
1 998
+0%
|
2 126
+6%
|
2 247
+6%
|
2 276
+1%
|
2 331
+2%
|
2 393
+3%
|
2 481
+4%
|
2 585
+4%
|
2 690
+4%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(976)
|
(1 031)
|
(1 075)
|
(1 047)
|
(997)
|
(955)
|
(947)
|
(948)
|
(1 020)
|
(1 070)
|
(1 082)
|
(1 094)
|
(1 079)
|
(1 075)
|
(1 070)
|
(1 174)
|
(1 285)
|
(1 279)
|
(1 294)
|
(1 295)
|
(1 190)
|
(1 240)
|
(1 274)
|
(1 229)
|
(1 258)
|
(1 274)
|
(1 290)
|
(1 282)
|
(1 363)
|
(1 325)
|
(1 295)
|
(1 319)
|
(1 244)
|
(1 345)
|
(1 437)
|
(1 517)
|
(1 602)
|
(1 643)
|
(1 660)
|
(1 682)
|
(1 698)
|
|
Selling, General & Administrative |
(110)
|
(116)
|
(144)
|
(146)
|
(143)
|
(145)
|
(132)
|
(138)
|
(147)
|
(158)
|
(160)
|
(159)
|
(166)
|
(151)
|
(144)
|
(137)
|
(185)
|
(188)
|
(188)
|
(187)
|
(126)
|
(154)
|
(162)
|
(168)
|
(170)
|
(158)
|
(159)
|
(163)
|
(246)
|
(234)
|
(235)
|
(256)
|
(157)
|
(184)
|
(183)
|
(165)
|
(183)
|
(191)
|
(201)
|
(216)
|
(189)
|
|
Depreciation & Amortization |
(866)
|
(914)
|
(931)
|
(891)
|
(844)
|
(800)
|
(794)
|
(799)
|
(826)
|
(866)
|
(884)
|
(896)
|
(901)
|
(901)
|
(899)
|
(911)
|
(922)
|
(922)
|
(933)
|
(946)
|
(951)
|
(968)
|
(982)
|
(1 014)
|
(1 035)
|
(1 066)
|
(1 083)
|
(1 066)
|
(1 047)
|
(1 016)
|
(992)
|
(1 004)
|
(1 046)
|
(1 105)
|
(1 174)
|
(1 260)
|
(1 317)
|
(1 353)
|
(1 384)
|
(1 369)
|
(1 401)
|
|
Other Operating Expenses |
0
|
0
|
0
|
(10)
|
(10)
|
(10)
|
(21)
|
(11)
|
(46)
|
(46)
|
(39)
|
(39)
|
(12)
|
(24)
|
(27)
|
(126)
|
(178)
|
(170)
|
(174)
|
(163)
|
(113)
|
(118)
|
(130)
|
(47)
|
(53)
|
(50)
|
(48)
|
(53)
|
(70)
|
(75)
|
(67)
|
(59)
|
(42)
|
(57)
|
(80)
|
(92)
|
(102)
|
(98)
|
(74)
|
(97)
|
(108)
|
|
Operating Income |
698
N/A
|
727
+4%
|
765
+5%
|
843
+10%
|
943
+12%
|
1 043
+11%
|
1 127
+8%
|
1 204
+7%
|
1 218
+1%
|
1 247
+2%
|
1 294
+4%
|
1 317
+2%
|
1 326
+1%
|
1 284
-3%
|
1 228
-4%
|
1 086
-12%
|
948
-13%
|
942
-1%
|
927
-2%
|
938
+1%
|
1 078
+15%
|
1 098
+2%
|
1 135
+3%
|
1 217
+7%
|
1 206
-1%
|
1 165
-3%
|
1 057
-9%
|
857
-19%
|
677
-21%
|
571
-16%
|
572
+0%
|
678
+19%
|
754
+11%
|
781
+4%
|
810
+4%
|
760
-6%
|
729
-4%
|
750
+3%
|
821
+9%
|
903
+10%
|
992
+10%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(463)
|
(472)
|
(487)
|
(485)
|
(480)
|
(421)
|
(419)
|
(422)
|
(434)
|
(504)
|
(518)
|
(524)
|
(519)
|
(506)
|
(490)
|
(486)
|
(487)
|
(483)
|
(480)
|
(504)
|
(523)
|
(550)
|
(579)
|
(571)
|
(551)
|
(558)
|
(543)
|
(530)
|
(525)
|
(501)
|
(495)
|
(483)
|
(483)
|
(482)
|
(486)
|
(518)
|
(538)
|
(559)
|
(586)
|
(599)
|
(606)
|
|
Non-Reccuring Items |
(133)
|
(68)
|
(47)
|
(44)
|
(79)
|
(145)
|
(168)
|
(162)
|
(148)
|
(104)
|
(78)
|
(98)
|
(97)
|
(117)
|
(131)
|
(102)
|
(162)
|
(159)
|
(145)
|
(156)
|
(132)
|
(108)
|
(113)
|
(186)
|
(112)
|
(124)
|
(190)
|
(162)
|
(183)
|
(174)
|
(178)
|
(123)
|
(101)
|
(82)
|
(3)
|
(6)
|
(18)
|
(31)
|
(31)
|
(34)
|
(36)
|
|
Pre-Tax Income |
102
N/A
|
187
+83%
|
231
+24%
|
315
+36%
|
384
+22%
|
477
+24%
|
540
+13%
|
621
+15%
|
636
+2%
|
639
+0%
|
699
+9%
|
696
0%
|
709
+2%
|
661
-7%
|
607
-8%
|
498
-18%
|
300
-40%
|
300
+0%
|
302
+1%
|
278
-8%
|
424
+52%
|
440
+4%
|
444
+1%
|
461
+4%
|
543
+18%
|
482
-11%
|
324
-33%
|
165
-49%
|
(32)
N/A
|
(103)
-227%
|
(101)
+2%
|
72
N/A
|
171
+138%
|
217
+27%
|
320
+47%
|
235
-27%
|
173
-26%
|
160
-7%
|
203
+27%
|
269
+32%
|
350
+30%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(8)
|
(7)
|
(7)
|
6
|
1
|
4
|
(2)
|
(9)
|
(7)
|
(5)
|
3
|
(0)
|
19
|
15
|
23
|
22
|
(20)
|
(20)
|
(32)
|
(33)
|
(9)
|
(9)
|
(7)
|
(9)
|
(3)
|
(6)
|
(7)
|
(5)
|
(10)
|
(8)
|
(4)
|
(7)
|
(9)
|
(10)
|
(15)
|
(14)
|
(7)
|
(5)
|
(6)
|
(7)
|
(6)
|
|
Income from Continuing Operations |
95
|
180
|
223
|
320
|
386
|
480
|
538
|
612
|
630
|
634
|
702
|
696
|
728
|
676
|
630
|
520
|
280
|
281
|
271
|
246
|
415
|
431
|
437
|
452
|
540
|
476
|
317
|
160
|
(42)
|
(112)
|
(105)
|
65
|
162
|
208
|
305
|
222
|
166
|
155
|
198
|
262
|
344
|
|
Income to Minority Interest |
7
|
8
|
8
|
4
|
(0)
|
(4)
|
(6)
|
(6)
|
(5)
|
(3)
|
(0)
|
(3)
|
(4)
|
(5)
|
(9)
|
(9)
|
(18)
|
(21)
|
(19)
|
(24)
|
(25)
|
(33)
|
(44)
|
(94)
|
(98)
|
(105)
|
(73)
|
(84)
|
(60)
|
(42)
|
(81)
|
(22)
|
(38)
|
(42)
|
(28)
|
(21)
|
(19)
|
(19)
|
(16)
|
(19)
|
(18)
|
|
Equity Earnings Affiliates |
(8)
|
(16)
|
(22)
|
(24)
|
(27)
|
(34)
|
(26)
|
(26)
|
(22)
|
(13)
|
(12)
|
(11)
|
(10)
|
(30)
|
(32)
|
(27)
|
(83)
|
(62)
|
(57)
|
(60)
|
(1)
|
(8)
|
(18)
|
(15)
|
42
|
48
|
58
|
49
|
(8)
|
9
|
(1)
|
(11)
|
(23)
|
(39)
|
(38)
|
(29)
|
(21)
|
(26)
|
(59)
|
(56)
|
(53)
|
|
Net Income (Common) |
79
N/A
|
74
-6%
|
154
+109%
|
270
+75%
|
447
+66%
|
588
+32%
|
828
+41%
|
874
+6%
|
818
-6%
|
777
-5%
|
659
-15%
|
812
+23%
|
1 012
+25%
|
1 176
+16%
|
1 169
-1%
|
908
-22%
|
464
-49%
|
589
+27%
|
555
-6%
|
545
-2%
|
758
+39%
|
601
-21%
|
585
-3%
|
1 110
+90%
|
1 232
+11%
|
1 262
+2%
|
1 304
+3%
|
1 039
-20%
|
979
-6%
|
740
-24%
|
587
-21%
|
441
-25%
|
336
-24%
|
327
-3%
|
390
+19%
|
204
-48%
|
141
-31%
|
105
-26%
|
118
+13%
|
253
+114%
|
340
+35%
|
|
EPS (Diluted) |
0.27
N/A
|
0.24
-11%
|
0.47
+96%
|
0.86
+83%
|
1.45
+69%
|
1.73
+19%
|
2.35
+36%
|
2.47
+5%
|
2.34
-5%
|
2.18
-7%
|
1.83
-16%
|
2.24
+22%
|
2.81
+25%
|
3.22
+15%
|
3.09
-4%
|
2.44
-21%
|
1.25
-49%
|
1.57
+26%
|
1.48
-6%
|
1.45
-2%
|
2.02
+39%
|
1.52
-25%
|
1.43
-6%
|
2.72
+90%
|
3.05
+12%
|
3.06
+0%
|
3.11
+2%
|
2.49
-20%
|
2.35
-6%
|
1.76
-25%
|
1.4
-20%
|
1.02
-27%
|
0.78
-24%
|
0.72
-8%
|
0.85
+18%
|
0.43
-49%
|
0.3
-30%
|
0.23
-23%
|
0.24
+4%
|
0.48
+100%
|
0.65
+35%
|