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Quarterly Results (Unaudited)
 12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results (Unaudited)
Quarterly Results (Unaudited)
Presented below is a summary of the unaudited quarterly financial information for the year ended December 31, 2014 for ARCP (in thousands, except share and per share amounts):
 
 
Quarters Ended


March 31,
2014

June 30,
2014

September 30,
2014

December 31,
2014
Revenues

$
321,154

 
$
382,178

 
$
457,118

 
$
418,807

Net loss attributable to the Company

(291,444
)
 
(54,720
)
 
(280,398
)
 
(350,623
)
Less: dividends to preferred shares and participating securities

23,432

 
23,291

 
37,643

 
19,691

Net loss attributable to the common stockholders

$
(314,876
)

$
(78,011
)

$
(318,041
)

$
(370,314
)


 
 
 
 
 
 
 
Weighted-average shares outstanding - basic and diluted

547,470,457

 
815,406,408

 
902,096,102

 
902,528,464



 
 
 
 
 
 
 
Basic and diluted net loss per share attributable to common stockholders (1)

$
(0.58
)
 
$
(0.10
)
 
$
(0.35
)
 
$
(0.41
)
_______________________________________________
(1)
The sum of the quarterly net loss per share amounts do not agree to the full year net loss per share amounts. We calculate net loss per share based on the weighted-average number of outstanding shares during the reporting period. The average number of shares fluctuates throughout the year and can therefore produce a full year result that does not agree to the sum of the individual quarters.
Presented below is a summary of the unaudited quarterly financial information for the year ended December 31, 2014 for the OP (in thousands, except unit and per unit amounts):
 
 
Quarters Ended
 
 
March 31,
2014
 
June 30,
2014
 
September 30,
2014
 
December 31,
2014
Revenues
 
$
321,154

 
$
382,178

 
$
457,118

 
$
418,807

Net loss attributable to the unitholders
 
(305,648
)
 
(56,870
)
 
(288,202
)
 
(360,038
)
Less: dividends to preferred units and participating securities
 
23,432

 
23,291

 
37,643

 
19,691

Net loss attributable to the unitholders
 
$
(329,080
)
 
$
(80,161
)
 
$
(325,845
)
 
$
(379,729
)
 
 
 
 
 
 
 
 
 
Weighted-average units outstanding - basic and diluted
 
572,457,009

 
840,184,663

 
926,801,361

 
926,999,843

 
 
 
 
 
 
 
 
 
Basic and diluted net loss per unit attributable to common unitholders (1)
 
$
(0.57
)
 
$
(0.10
)
 
$
(0.35
)
 
$
(0.41
)
_______________________________________________
(1)
The sum of the quarterly net loss per unit amounts do not agree to the full year net loss per unit amounts. We calculate net loss per unit based on the weighted-average number of outstanding unit during the reporting period. The average number of units fluctuates throughout the year and can therefore produce a full year result that does not agree to the sum of the individual quarters.
Presented below is a summary of the unaudited quarterly financial information for the year ended December 31, 2013 for ARCP (in thousands, except share and per share amounts):
 
 
Quarters Ended


March 31,
2013

June 30,
2013

September 30,
2013

December 31,
2013
Revenues
 
$
42,897

 
$
54,945

 
$
95,255

 
$
136,226

Net loss attributable to the Company
 
(143,880
)
 
(69,603
)
 
(80,201
)
 
(197,815
)
Less: dividends to preferred shares and participating securities
 
193

 
233

 
199

 
3,006

Net loss attributable to the common stockholders
 
$
(144,073
)

$
(69,836
)

$
(80,400
)

$
(200,821
)
 
 
 
 
 
 
 
 
 
Weighted-average shares outstanding - basic and diluted
 
167,847,516

 
198,956,355

 
221,707,934

 
231,969,433

 
 
 
 
 
 
 
 
 
Basic and diluted net loss per share attributable to common stockholders (1)
 
$
(0.86
)
 
$
(0.35
)
 
$
(0.36
)
 
$
(0.87
)
_______________________________________________
(1)
The sum of the quarterly net loss per share amounts do not agree to the full year net loss per share amounts. We calculate net loss per share based on the weighted-average number of outstanding shares during the reporting period. The average number of shares fluctuates throughout the year and can therefore produce a full year result that does not agree to the sum of the individual quarters.
Presented below is a summary of the unaudited quarterly financial information for the year ended December 31, 2013 for the OP (in thousands, except unit and per unit amounts):
 
 
Quarters Ended
 
 
March 31,
2013
 
June 30,
2013
 
September 30,
2013
 
December 31,
2013
Revenues
 
$
42,235

 
$
54,945

 
$
95,255

 
$
136,226

Net loss from continuing operations attributable to unitholders
 
(145,937
)
 
(72,311
)
 
(83,450
)
 
(206,083
)
Net (loss) income from discontinued operations attributable to unitholders
 
(2
)
 
36

 
96

 
(150
)
Net loss attributable to the unitholders
 
(145,939
)
 
(72,275
)
 
(83,354
)
 
(206,233
)
Less: dividends to preferred shares and participating securities
 
193

 
233

 
199

 
3,006

Net loss attributable to the unitholders
 
$
(146,132
)
 
$
(72,508
)
 
$
(83,553
)
 
$
(209,239
)
 
 
 
 
 
 
 
 
 
Weighted-average units outstanding - basic and diluted
 
172,351,898

 
209,408,106

 
231,682,236

 
242,467,964

 
 
 
 
 
 
 
 
 
Basic and diluted net loss per unit attributable to common unitholders (1)
 
$
(0.85
)
 
$
(0.35
)
 
$
(0.36
)
 
$
(0.86
)
_______________________________________________
(1)
The sum of the quarterly net loss per unit amounts do not agree to the full year net loss per unit amounts. We calculate net loss per unit based on the weighted-average number of outstanding unit during the reporting period. The average number of units fluctuates throughout the year and can therefore produce a full year result that does not agree to the sum of the individual quarters.