XML 61 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Jun. 30, 2013
Dec. 31, 2012
Nov. 08, 2013
Real estate investments, at cost:          
Land $ 3,343,235us-gaap_Land [1] $ 1,380,308us-gaap_Land [1] $ 754,493us-gaap_Land    
Buildings, fixtures and improvements 12,420,626arcp_InvestmentBuildingFixturesAndBuildingImprovements [1] 5,297,400arcp_InvestmentBuildingFixturesAndBuildingImprovements [1] 2,813,279arcp_InvestmentBuildingFixturesAndBuildingImprovements    
Land and construction in progress 62,594us-gaap_DevelopmentInProcess [1] 21,839us-gaap_DevelopmentInProcess [1]      
Acquired Intangible lease assets 2,227,393us-gaap_FiniteLivedIntangibleAssetAcquiredInPlaceLeases [1] 759,595us-gaap_FiniteLivedIntangibleAssetAcquiredInPlaceLeases [1] 432,300us-gaap_FiniteLivedIntangibleAssetAcquiredInPlaceLeases    
Total real estate investments, at cost 18,053,848us-gaap_RealEstateInvestmentPropertyAtCost [1] 7,459,142us-gaap_RealEstateInvestmentPropertyAtCost [1] 4,000,072us-gaap_RealEstateInvestmentPropertyAtCost    
Less: accumulated depreciation and amortization (660,617)us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation [1] (267,278)us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation [1] (116,802)us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation    
Total real estate investments, net 17,393,231us-gaap_RealEstateInvestmentPropertyNet [1] 7,191,864us-gaap_RealEstateInvestmentPropertyNet [1] 3,883,270us-gaap_RealEstateInvestmentPropertyNet    
Investment in unconsolidated entities 102,047us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures [1] 0us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures [1]      
Investment in direct financing leases, net 62,094us-gaap_CapitalLeasesNetInvestmentInDirectFinancingLeases [1] 66,112us-gaap_CapitalLeasesNetInvestmentInDirectFinancingLeases [1] 76,410us-gaap_CapitalLeasesNetInvestmentInDirectFinancingLeases    
Investment securities, at fair value 219,204us-gaap_AvailableForSaleSecurities [1] 62,067us-gaap_AvailableForSaleSecurities [1] 78,002us-gaap_AvailableForSaleSecurities    
Loans held for investment, net 97,587us-gaap_LoansAndLeasesReceivableNetReportedAmount [1] 26,279us-gaap_LoansAndLeasesReceivableNetReportedAmount [1]      
Cash and cash equivalents 195,529us-gaap_CashAndCashEquivalentsAtCarryingValue [1] 52,725us-gaap_CashAndCashEquivalentsAtCarryingValue [1] 272,448us-gaap_CashAndCashEquivalentsAtCarryingValue [1] 292,575us-gaap_CashAndCashEquivalentsAtCarryingValue [1]  
Restricted cash 69,544us-gaap_RestrictedCashAndCashEquivalents [1] 35,921us-gaap_RestrictedCashAndCashEquivalents [1] 1,576us-gaap_RestrictedCashAndCashEquivalents    
Intangible assets, net 347,618us-gaap_IntangibleAssetsNetExcludingGoodwill [1] 0us-gaap_IntangibleAssetsNetExcludingGoodwill [1]      
Deferred costs and other assets, net 418,199us-gaap_DeferredCostsAndOtherAssets [1] 280,661us-gaap_DeferredCostsAndOtherAssets [1] 128,183us-gaap_DeferredCostsAndOtherAssets    
Goodwill 2,293,020us-gaap_Goodwill [1] 92,789us-gaap_Goodwill [1]      
Due from affiliates 73,686us-gaap_DueFromAffiliates [1] 0us-gaap_DueFromAffiliates [1]      
Assets held for sale 38,737us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperation [1] 665us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperation [1] 6,014us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperation    
Total assets 21,310,496us-gaap_Assets [1] 7,809,083us-gaap_Assets [1] 4,445,903us-gaap_Assets    
LIABILITIES AND EQUITY          
Mortgage notes payable, net 4,227,494us-gaap_SecuredDebt [1] 1,301,114us-gaap_SecuredDebt [1] 272,042us-gaap_SecuredDebt    
Corporate bonds, net 2,546,089arcp_SeniorUnsecuredNotes [1] 0arcp_SeniorUnsecuredNotes [1]      
Convertible debt, net 975,003us-gaap_ConvertibleNotesPayable [1] 972,490us-gaap_ConvertibleNotesPayable [1]      
Credit facilities 1,896,000us-gaap_LineOfCredit [1] 1,969,800us-gaap_LineOfCredit [1]      
Other debt, net 146,158us-gaap_OtherNotesPayable [1] 104,804us-gaap_OtherNotesPayable [1]      
Below-market lease liabilities, net 281,954us-gaap_BelowMarketLeaseNet [1] 77,169us-gaap_BelowMarketLeaseNet [1]      
Accounts payable and accrued expenses 174,942us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent [1] 730,571us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent [1] 666,080us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent    
Deferred rent, derivative and other liabilities 223,419arcp_DeferredRevenueDerivativeLiabilitiesandOtherLiabilities [1] 40,271arcp_DeferredRevenueDerivativeLiabilitiesandOtherLiabilities [1] 8,359arcp_DeferredRevenueDerivativeLiabilitiesandOtherLiabilities    
Distributions payable 10,779us-gaap_DividendsPayableCurrent [1] 10,903us-gaap_DividendsPayableCurrent [1] 9,966us-gaap_DividendsPayableCurrent    
Due to affiliates 3,184us-gaap_DueToAffiliateCurrentAndNoncurrent [1] 103,434us-gaap_DueToAffiliateCurrentAndNoncurrent [1] 1,349us-gaap_DueToAffiliateCurrentAndNoncurrent    
Total liabilities 10,485,022us-gaap_Liabilities [1] 5,310,556us-gaap_Liabilities [1] 2,033,930us-gaap_Liabilities    
Common stock, $0.01 par value, 1,500,000,000 shares authorized and 907,918,821 and 239,234,725 issued and outstanding at June 30, 2014 and December 31, 2013, respectively 9,079us-gaap_CommonStockValue [1] 2,392us-gaap_CommonStockValue [1] 2,214us-gaap_CommonStockValue    
Additional paid-in capital 11,901,675us-gaap_AdditionalPaidInCapital [1] 2,940,907us-gaap_AdditionalPaidInCapital [1] 2,706,087us-gaap_AdditionalPaidInCapital    
Accumulated other comprehensive income 7,058us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax [1] 7,666us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax [1] 7,582us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax    
Accumulated deficit (1,639,208)us-gaap_RetainedEarningsAccumulatedDeficit [1] (877,957)us-gaap_RetainedEarningsAccumulatedDeficit [1] (447,741)us-gaap_RetainedEarningsAccumulatedDeficit    
Total stockholders' equity 10,279,031us-gaap_StockholdersEquity [1] 2,073,430us-gaap_StockholdersEquity [1] 2,268,572us-gaap_StockholdersEquity    
Non-controlling interests 277,144us-gaap_MinorityInterest [1] 155,798us-gaap_MinorityInterest [1] 143,401us-gaap_MinorityInterest    
Total equity 10,556,175us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest [1] 2,229,228us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest [1] 2,411,973us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest [1] 1,668,760us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest [1]  
Total liabilities and equity 21,310,496us-gaap_LiabilitiesAndStockholdersEquity [1] 7,809,083us-gaap_LiabilitiesAndStockholdersEquity [1] 4,445,903us-gaap_LiabilitiesAndStockholdersEquity    
Series D preferred stock [Member]          
LIABILITIES AND EQUITY          
Series D preferred stock, $0.01 par value, 21,735,008 shares (part of 100,000,000 aggregate preferred shares authorized) issued and outstanding at June 30, 2014 and December 31, 2013, respectively 269,299us-gaap_TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesDPreferredStockMember
[1] 269,299us-gaap_TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesDPreferredStockMember
[1]     269,300us-gaap_TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesDPreferredStockMember
Preferred stock (excluding Series D Preferred Stock) [Member]          
LIABILITIES AND EQUITY          
Preferred stock (excluding Series D Preferred Stock), $0.01 par value, 100,000,000 shares authorized and 42,730,013 and 42,199,547 shares issued and outstanding at June 30, 2014 and December 31, 2013, respectively $ 427us-gaap_PreferredStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CumulativePreferredStockMember
[1] $ 422us-gaap_PreferredStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CumulativePreferredStockMember
[1] $ 430us-gaap_PreferredStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CumulativePreferredStockMember
   
[1] For discussion on the restatement adjustments, see Note 2 - Restatement of Previously Issued Financial Statements.