Company Information

  

Address: 7315 WISCONSIN AVENUE
SUITE 550-E 
City: BETHESDA 
State: MD 
Zip Code: 20814 
Telephone: 240-223-4680 

Description of Business

Primary SIC Code: 6798
(As filed with the SEC)  

QCP is a publicly-traded Maryland corporation (NYSE: QCP) primarily engaged in the ownership and leasing of post¬≠acute/skilled nursing properties and memory care/assisted living properties. We were formed in 2016 to hold the HCR ManorCare, Inc. ("HCRMC") portfolio ("HCRMC Properties"), 28 other healthcare related properties ("non¬≠HCRMC Properties," and, collectively with the HCRMC Properties, the "Properties"), a deferred rent obligation ("DRO") due from HCRMC under a master lease (the "Tranche B DRO") and an equity method investment in HCRMC (together, the "QCP Business") previously held by HCP, Inc. ("HCP"). Prior to the separation from HCP, which was completed on October 31, 2016, QCP was a wholly owned subsidiary of HCP. In connection with the separation, HCP transferred to certain subsidiaries of QCP the equity of entities that hold the QCP Business.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
03/2018-5.35NAN/E
12/2017-4.74NAN/E
09/2017-5.21NAN/E
03/20170.74NA25.49
12/20160.87NA17.82

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity-0.14Total Liab/Total Assets0.41
Net Inc/Total Assets-0.10Total Liab/Inv Cap0.42
Net Inc/Inv Cap-0.10Total Liab/Comm Equity0.56
Pretax Inc/Net Sales-1.39Interest Coverage Ratio-2.14
Net Inc/Net Sales-1.39Curr Debt/Equity0.03
Cash Flow/Net Sales0.43LTD/Equity0.65
SG&A/NetSales0.09Total Debt/Equity0.68
Asset Utilization   Liquidity  
Net Receivables Turnover110.63Quick RatioNA
Inventory TurnoverNACurrent RatioNA
Inventory Day SalesNANet Rec/Curr AssetsNA
Net Sales/Work CapNAInv/Curr AssetsNA
Net Sales/PP&E0.08  

Income Statement (Millions)

  3/31/2018 12/31/2017 9/30/2017 6/30/2017
Total Revenues(Net Sales) 74.29 70.56 56.00 69.16
Cost of Goods Sold 11.14 0.30 0.61 -9.20
Selling & Admin Exps 7.11 6.69 6.99 7.15
Operating Income 12.78 -26.61 1.58 -349.90
Interest Exp 35.99 35.75 35.13 35.44
Pretax Income -20.25 -59.96 -33.28 -385.24
Other Income 2.96 2.41 0.28 0.10
Net Income Bef Extraordinary ... NA NA NA NA
Net Income -20.43 -60.77 -34.10 -385.47

Balance Sheet (Millions)

Assets 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Cash & Short Term Investments 352.28 325.61 311.99 282.38
Receivables - Total 2.20 2.46 2.71 2.95
Inventories - Total NA NA NA NA
Total Current Assets NA NA NA NA
Net Property, Plant & Equipment 3,514.73 3,883.63 3,961.13 3,997.16
Total Assets 4,384.63 4,392.06 4,464.18 4,477.66
Liabilities        
Accounts Payable 34.70 20.67 35.08 16.46
Debt in Current Liabilities 80.43 83.03 81.69 81.28
Total Current Liabilities NA NA NA NA
Long-Term Debt 1,687.02 1,687.18 1,687.36 1,687.67
Total Liabilities 1,802.65 1,791.37 1,804.63 1,785.91
Stockholder's Equity        
Minority Interest 0.50 0.50 0.50 0.50
Preferred Stock NA NA NA NA
Common Stock 0.94 0.94 0.94 0.94
Retained Earnings -594.06 -573.64 -512.87 -478.94
Treasury Stock NA NA NA NA
Total Stockholders' Equity 2,580.05 2,598.76 2,657.62 2,689.82
Total Liabilities and Stockholders' Equity 4,382.70 4,390.13 4,462.25 4,475.73

Cash Flow Summary (Millions)

Categories 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Net Cash Provided by Operating Activities 29.84 15.22 31.70 15.02
Net Cash Provided by Investing Activities -0.02 1.00 0.47 0.89
Net Cash Provided by Financing Activities -3.16 -2.60 -2.56 47.37

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2015575.80113.19--
12/2016471.1781.140.87
12/2017318.50-443.54-4.74
Growth Rates-25.63----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/1830194,888--




Report Date : 7/9/2018

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