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Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
REVENUE:        
Minimum rent $ 768,138 $ 728,486 $ 1,521,583 $ 1,450,768
Overage rent 37,029 39,160 75,986 70,834
Tenant reimbursements 364,309 342,250 704,479 667,721
Management fees and other revenues 40,027 34,142 75,106 64,749
Other income 139,607 37,944 188,191 84,932
Total revenue 1,349,110 1,181,982 2,565,345 2,339,004
EXPENSES:        
Property operating 99,841 92,630 199,598 187,577
Depreciation and amortization 295,778 287,214 583,883 567,708
Real estate taxes 106,487 99,396 213,374 193,699
Repairs and maintenance 22,676 21,656 52,410 51,421
Advertising and promotion 41,215 38,149 59,971 60,768
Provision for credit losses 2,685 2,442 6,533 6,866
Home and regional office costs 39,346 44,958 75,250 80,246
General and administrative 15,345 15,599 30,344 30,454
Other 23,352 18,407 42,426 37,769
Total operating expenses 646,725 620,451 1,263,789 1,216,508
OPERATING INCOME 702,385 561,531 1,301,556 1,122,496
Interest expense (230,974) (254,930) (463,147) (509,164)
Income and other taxes (3,420) (6,626) (9,781) (13,489)
Income from unconsolidated entities 70,196 55,764 135,068 112,842
Gain upon acquisition of controlling interests and sale or disposal of assets and interests in unconsolidated entities, net 16,339 133,870 16,339 136,525
Consolidated income from continuing operations 554,526 489,609 980,035 849,210
Discontinued operations and gain on disposal   26,022   67,524
Discontinued operations transaction expenses   (38,163)   (38,163)
CONSOLIDATED NET INCOME 554,526 477,468 980,035 878,571
Net income attributable to noncontrolling interests 80,748 70,047 143,248 128,667
Preferred dividends 834 834 1,669 1,669
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 472,944 $ 406,587 $ 835,118 $ 748,235
BASIC AND DILUTED EARNINGS PER COMMON SHARE:        
Income from continuing operations (in dollars per share) $ 1.52 $ 1.34 $ 2.69 $ 2.33
Discontinued operations (in dollars per share)   (0.03)   0.08
Net income attributable to common stockholders (in dollars per share) $ 1.52 $ 1.31 $ 2.69 $ 2.41
Consolidated Net Income $ 554,526 $ 477,468 $ 980,035 $ 878,571
Unrealized gain (loss) on derivative hedge agreements 9,240 (8) 19,339 (7,541)
Net (gain) loss reclassified from accumulated other comprehensive loss into earnings (77,536) 2,577 (74,909) 5,274
Currency translation adjustments (14,282) 4,046 (138,793) 17,779
Changes in available-for-sale securities and other (27,721) 202 (22,084) 682
Comprehensive income 444,227 484,285 763,588 894,765
Comprehensive income attributable to noncontrolling interests 65,193 71,020 112,335 130,802
Comprehensive income attributable to common stockholders $ 379,034 $ 413,265 $ 651,253 $ 763,963