01—Abstract
Summary
Summary of the 10-K/A filed March 1, 2011. Cited figures are marked; the original filing is the authoritative source.
This filing is Amendment No. 1 to Ventas, Inc.'s Annual Report on Form 10-K for the fiscal year ended December 31, 2010, dated March 1, 2011.
The amendment was filed solely to include eXtensible Business Reporting Language (XBRL) information in Exhibit 101 that was excluded from the Original Filing, which was filed with the SEC on February 18, 2011. Per the explanatory note, it does not reflect events or transactions occurring after the Original Filing and leaves all other information unchanged. The filing states that Exhibit 101 contains XBRL-formatted versions of the Consolidated Balance Sheets as of December 31, 2010 and 2009; the Consolidated Statements of Income, Equity, and Cash Flows for the years 2008 through 2010; the Notes to Consolidated Financial Statements; and Schedule III, Real Estate and Accumulated Depreciation.
The cover page reports that the company is a large accelerated filer and a well-known seasoned issuer, with approximately $7.3 billiona in market value of common stock held by non-affiliates as of June 30, 2010, and 162,920,524 shares outstanding as of February 11, 2011. Its common stock, par value $0.25 per share, trades on the New York Stock Exchange. Debra A.
Cafaro, Chairman and Chief Executive Officer, signed the filing. Business results and financial figures are not discussed in this amendment.
02—Key points
Key Highlights
- Form 10-K/A (Amendment No. 1) for fiscal year ended December 31, 2010, dated March 1, 2011
- Filed solely to add XBRL information in Exhibit 101 omitted from the Original Filing of February 18, 2011
- Exhibit 101 covers balance sheets (2010 and 2009), income, equity and cash flow statements (2008 to 2010), notes to financial statements, and Schedule III – Real Estate and Accumulated Depreciation
- Market value of common stock held by non-affiliates was approximately $7.3 billion as of June 30, 2010
- 162,920,524 shares of common stock outstanding as of February 11, 2011
- Large accelerated filer and well-known seasoned issuer; common stock listed on the New York Stock Exchange
- Amendment does not reflect events after the Original Filing or update previously disclosed information
03—One dollar
04—Financials
Financial Highlights
Figures from 10-K/AFY2010filed March 1, 2011Financial Statements
FY2010 against FY2009
| Line item | FY2010FY2009 | Change |
|---|---|---|
| Revenue | $1.00B$923.47M | +8.4% |
| Operating Expenses | $777.76M$731.90M | +6.3% |
| Operating Income | $213.44M$190.42M | +12.1% |
| Interest Expense | $172.47M$173.81M | −0.8% |
| Net Income | $246.17M$266.50M | −7.6% |
| EPS (Basic) | $1.57$1.75 | −10.3% |
| EPS (Diluted) | $1.56$1.74 | −10.3% |
| Shares Outstanding (Basic) | 156.61M152.57M | +2.6% |
| Shares Outstanding (Diluted) | 157.66M152.76M | +3.2% |
05—Questions
Frequently Asked Questions
Why was this amendment filed?
The filing states it was made solely to include XBRL information in Exhibit 101 that was excluded from the timely filed Original Filing, as permitted under Rule 405 of Regulation S-T.
Does this amendment change the financial results in the Original Filing?
No. The explanatory note says the amendment does not reflect subsequent events or modify disclosures, and all other information in the Original Filing remains unchanged.
Which financial statements are included in the XBRL exhibit?
Exhibit 101 includes the Consolidated Balance Sheets as of December 31, 2010 and 2009, Consolidated Statements of Income, Equity and Cash Flows for 2010, 2009 and 2008, the Notes to Consolidated Financial Statements, and Schedule III – Real Estate and Accumulated Depreciation.
Who signed the filing and when?
Debra A. Cafaro, Chairman and Chief Executive Officer, signed the filing on behalf of Ventas, Inc. on March 1, 2011.
06—Continue