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Segment Reporting (Tables)
12 Months Ended
Dec. 31, 2013
Segment Reporting [Abstract]  
Reconciliation of Operating Profit (Loss) from Segments to Consolidated
The following table presents a summary of comparative results of these business segments (in thousands):
 
Years Ended December 31,
 
2013
 
2012
 
2011
Real Estate Ownership (a)
 

 
 

 
 

Revenues
$
315,965

 
$
129,181

 
$
67,064

Operating expenses (b)
(178,962
)
 
(92,441
)
 
(29,336
)
Interest expense
(103,728
)
 
(46,448
)
 
(18,210
)
Other, net (c)
51,704

 
84,043

 
82,937

Provision for income taxes
(4,703
)
 
(4,001
)
 
(2,243
)
Income from continuing operations attributable to W. P. Carey
$
80,276

 
$
70,334

 
$
100,212

Investment Management
 

 
 

 
 

Revenues (d)
$
173,886

 
$
223,180

 
$
242,647

Operating expenses (d) (e)
(173,744
)
 
(207,050
)
 
(157,572
)
Other, net (f)
768

 
3,878

 
2,695

Benefit from (provision for) income taxes
3,451

 
(2,771
)
 
(34,971
)
Income from continuing operations attributable to W. P. Carey
$
4,361

 
$
17,237

 
$
52,799

Total Company
 

 
 

 
 

Revenues (d)
$
489,851

 
$
352,361

 
$
309,711

Operating expenses (d) (e)
(352,706
)
 
(299,491
)
 
(186,908
)
Interest expense
(103,728
)
 
(46,448
)
 
(18,210
)
Other, net (c) (f)
52,472

 
87,921

 
85,632

Provision for income taxes
(1,252
)
 
(6,772
)
 
(37,214
)
Income from continuing operations attributable to W. P. Carey
$
84,637

 
$
87,571

 
$
153,011

Reconciliation Of Assets From Segment To Consolidated
 
Total Long-Lived Assets (g) at December 31,
 
Total Assets at December 31,
 
2013
 
2012
 
2013
 
2012
Real Estate Ownership
$
3,333,654

 
$
3,239,755

 
$
4,537,853

 
$
4,484,821

Investment Management

 

 
141,097

 
124,221

Total Company
$
3,333,654

 
$
3,239,755

 
$
4,678,950

 
$
4,609,042



__________
(a)
Included within the Real Estate Ownership segment is our total investment in shares of CPA®:16 – Global, which represented approximately 6.0% of our total assets at December 31, 2013 (Note 7).
(b)
Includes expenses incurred of $5.0 million related to the CPA®:16 Merger for the year ended December 31, 2013 and $31.7 million related to the CPA®:15 Merger for the year ended December 31, 2012.
(c)
Includes Other interest income, Net income from equity investments in real estate and the Managed REITs, Gain on change in control of interests, Other income and (expenses), and Net income attributable to noncontrolling interests.
(d)
Included in revenues and operating expenses are reimbursable costs from affiliates totaling $73.6 million, $98.2 million and $64.8 million for the years ended December 31, 2013, 2012 and 2011, respectively.
(e)
Includes Stock-based compensation expenses of $37.3 million, $26.2 million and $17.8 million for the years ended December 31, 2013, 2012 and 2011, respectively, of which $37.0 million, $26.0 million and $17.8 million, respectively, were included in the Investment Management segment.
(f)
Includes Other interest income, Other income and (expenses), Net loss attributable to noncontrolling interests and Net loss (income) attributable to redeemable noncontrolling interest.
(g)
Consists of Net investments in real estate.
Schedule Of International Investment By Segment
The following tables present the geographic information (in thousands):

Year Ended December 31, 2013
 
Domestic
 
Foreign (a)
 
Total
Revenues
 
$
218,758

 
$
97,207

 
$
315,965

Operating expenses
 
(126,534
)
 
(52,428
)
 
(178,962
)
Interest expense
 
(65,978
)
 
(37,750
)
 
(103,728
)
Other, net (b) (c)
 
48,405

 
3,299

 
51,704

Benefit from (provision) for income taxes
 
19

 
(4,722
)
 
(4,703
)
Income from continuing operations attributable to W. P. Carey
 
$
74,670

 
$
5,606

 
$
80,276

Total assets
 
$
3,290,568

 
$
1,247,285

 
$
4,537,853

Total long-lived assets (d)
 
$
2,172,549

 
$
1,161,105

 
$
3,333,654

Year Ended December 31, 2012
 
Domestic
 
Foreign (a)
 
Total
Revenues
 
$
100,619

 
$
28,562

 
$
129,181

Operating expenses
 
(91,196
)
 
(1,245
)
 
(92,441
)
Interest expense
 
(35,239
)
 
(11,209
)
 
(46,448
)
Other, net (c)
 
77,441

 
6,602

 
84,043

Provision for income taxes
 
(2,690
)
 
(1,311
)
 
(4,001
)
Income from continuing operations attributable to W. P. Carey
 
$
48,935

 
$
21,399

 
$
70,334

Total assets
 
$
3,527,918

 
$
956,903

 
$
4,484,821

Total long-lived assets (d)
 
$
2,552,481

 
$
687,274

 
$
3,239,755

Year Ended December 31, 2011
 
Domestic
 
Foreign (a)
 
Total
Revenues
 
$
58,940

 
$
8,124

 
$
67,064

Operating expenses
 
(25,821
)
 
(3,515
)
 
(29,336
)
Interest expense
 
(16,884
)
 
(1,326
)
 
(18,210
)
Other, net (c)
 
76,764

 
6,173

 
82,937

Provision for income taxes
 
(2,135
)
 
(108
)
 
(2,243
)
Income from continuing operations attributable to W. P. Carey
 
$
90,864

 
$
9,348

 
$
100,212

Total assets
 
$
1,258,544

 
$
75,522

 
$
1,334,066

Total long-lived assets (d)
 
$
1,207,435

 
$
66,086

 
$
1,273,521

__________
 
(a)
All years include operations in France, Germany, Poland and Spain. The years ended December 31, 2013 and 2012 also includes operations in Belgium, Finland, the Netherlands and the United Kingdom through properties acquired in 2013 and from CPA®:15 in the CPA®:15 Merger.
(b)
Amount for the year ended December 31, 2012 includes our $15.1 million share of the net gain recognized by a jointly-owned entity in connection with selling its interests in the Médica investment.
(c)
Includes Other interest income, Income from equity investments in real estate and the Managed REITs, Gain on change in control of interests, Other income and (expenses), and Net income attributable to noncontrolling interests.
(d)
Consists of Net investments in real estate.