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Consolidated Statements of Operations and Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
REVENUE:        
Minimum rent $ 795,809 $ 759,039 $ 2,351,876 $ 2,207,334
Overage rent 56,511 51,170 134,458 110,277
Tenant reimbursements 367,702 342,443 1,059,834 979,300
Management fees and other revenues 33,613 32,294 95,156 92,928
Other income 48,621 43,671 112,553 145,813
Total revenue 1,302,256 1,228,617 3,753,877 3,535,652
EXPENSES:        
Property operating 126,706 132,378 354,094 353,136
Depreciation and amortization 326,073 310,244 961,344 907,217
Real estate taxes 113,145 105,694 332,259 311,173
Repairs and maintenance 27,747 26,556 84,579 78,862
Advertising and promotion 30,725 28,114 81,343 77,762
Provision for (recovery of) credit losses 2,774 (1,180) 4,207 5,271
Home and regional office costs 34,171 27,057 106,021 95,019
General and administrative 14,546 14,165 44,476 42,787
Other 25,804 20,636 62,411 58,424
Total operating expenses 701,691 663,664 2,030,734 1,929,651
OPERATING INCOME 600,565 564,953 1,723,143 1,606,001
Interest expense (284,491) (288,896) (849,482) (835,532)
Income and other taxes (7,768) (3,904) (29,943) (9,872)
Income from unconsolidated entities 47,916 37,129 158,663 96,613
Gain (loss) upon acquisition of controlling interests, sale or disposal of assets and interests in unconsolidated entities, and impairment charge on investment in unconsolidated entities, net 11,071 (2,911) 99,906 491,926
CONSOLIDATED NET INCOME 367,293 306,371 1,102,287 1,349,136
Net income attributable to noncontrolling interests 54,784 50,616 165,035 230,857
Preferred dividends 834 834 2,503 2,503
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS 311,675 254,921 934,749 1,115,776
BASIC EARNINGS PER COMMON SHARE:        
Net income attributable to common stockholders (in dollars per share) $ 1.00 $ 0.84 $ 3.01 $ 3.71
DILUTED EARNINGS PER COMMON SHARE:        
Net income attributable to common stockholders (in dollars per share) $ 1.00 $ 0.84 $ 3.01 $ 3.71
Consolidated Net Income 367,293 306,371 1,102,287 1,349,136
Unrealized (loss) gain on derivative hedge agreements (4,378) (8,555) 897 (5,450)
Net loss reclassified from accumulated other comprehensive income into earnings 2,566 5,187 6,642 15,440
Currency translation adjustments 32,515 9,138 10,603 (12,374)
Changes in available-for-sale securities and other (773) 16,573 (1,588) 40,442
Comprehensive income 397,223 328,714 1,118,841 1,387,194
Comprehensive income attributable to noncontrolling interests 59,089 56,077 167,391 239,427
Comprehensive income attributable to common stockholders $ 338,134 $ 272,637 $ 951,450 $ 1,147,767