XML 88 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues:        
Rental income $ 314,843 $ 52,664 $ 559,288 $ 93,651
Direct financing lease income 1,181 0 2,187 0
Operating expense reimbursements 28,545 2,281 49,641 4,191
Cole Capital revenue 37,412 0 91,479 0
Total revenues 381,981 54,945 702,595 97,842
Operating expenses:        
Cole Capital reallowed fees and commissions 7,068 0 41,504 0
Acquisition related 8,453 37,289 20,337 47,616
Merger and other transaction related 13,286 6,393 235,478 144,162
Property operating 39,372 3,086 69,030 5,635
General and administrative 19,063 2,361 44,748 3,815
Equity based compensation 9,338 3,458 31,848 4,339
Depreciation and amortization 258,993 33,752 424,356 60,505
Total operating expenses 355,573 86,339 867,301 266,072
Operating income (loss) 26,408 (31,394) (164,706) (168,230)
Other (expense) income:        
Interest expense, net (99,635) (11,068) (216,347) (17,124)
Other income, net 6,526 1,167 10,915 2,020
Gain (loss) on derivative instruments, net 21,926 (40) 1,729 (45)
Loss on contingent value rights 0 (31,134) 0 (31,134)
Gain on disposition of properties, net 1,510 0 4,489 0
Gain on sale of investments 0 0 0 451
Total other expenses, net (69,673) (41,075) (199,214) (45,832)
Net loss from continuing operations (43,265) (72,469) (363,920) (214,062)
Discontinued operations:        
Income from operations of held for sale properties 0 36 0 20
Gain on held for sale properties 0 0 0 14
Net income from discontinued operations 0 36 0 34
Net loss (43,265) (72,433) (363,920) (214,028)
Net loss attributable to non-controlling interests 2,937 475 14,911 907
Net loss attributable to the Company (40,328) (71,958) (349,009) (213,121)
Net loss attributable to common stockholders (63,419) (72,191) (395,732) (213,546)
Basic and diluted net loss per share attributable to common stockholders $ (0.08) $ (0.36) $ (0.58) $ (1.11)
Less: Dividends attributable to preferred shares
       
Discontinued operations:        
Dividends 22,016 158 44,443 315
Less: Dividends attributable to participating securities
       
Discontinued operations:        
Dividends $ 1,075 $ 75 $ 2,280 $ 110