Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2016

The following tables present a summary of the comparative financial results and total assets for each segment (in thousands):



	Year Ended December 31,
	2016			2015			2014
REI segment:
Revenues:
Rental income	$	1,227,937		$	1,339,787		$	1,271,574
Direct financing lease income	2,055			2,720			3,603
Operating expense reimbursements	105,455			98,628			100,522
Total real estate investment revenues	1,335,447			1,441,135			1,375,699
Operating expenses:
Acquisition related	1,257			5,649			35,578
Litigation, merger and other non-routine costs, net of insurance recoveries	3,884			33,628			197,647
Property operating	144,428			130,855			137,741
Management fees to affiliates	—			—			13,888
General and administrative	51,265			64,691			76,261
Depreciation and amortization	756,314			817,477			844,743
Impairment of real estate	182,820			91,755			100,547
Total operating expenses	1,139,968			1,144,055			1,406,405
Operating income (loss)	195,479			297,080			(30,706		)
Other (expense) income:
Interest expense	(317,376		)	(358,392		)	(452,648		)
(Loss) gain on extinguishment and forgiveness of debt, net	(771		)	4,812			(21,869		)
Other income, net	5,289			3,953			85,975
Reserve for loan loss	—			(15,300		)	—
Equity in income (loss) and gain on disposition of unconsolidated entities	9,783			9,092			(76		)
Loss on derivative instruments, net	(1,191		)	(1,460		)	(10,570		)
Total other expenses, net	(304,266		)	(357,295		)	(399,188		)
Loss before taxes and real estate dispositions	(108,787		)	(60,215		)	(429,894		)
Gain (loss) on disposition of real estate and held for sale assets, net	45,524			(72,311		)	(277,031		)
Loss before taxes	(63,263		)	(132,526		)	(706,925		)
Provision for income taxes	(6,110		)	(3,569		)	(7,313		)
Net loss	$	(69,373	)	$	(136,095	)	$	(714,238	)



	Year Ended December 31,
	2016			2015			2014
Cole Capital segment:
Revenues:
Offering-related fees and reimbursements	$	36,533		$	24,410		$	87,109
Transaction service fees and reimbursements	12,959			30,109			64,956
Management fees and reimbursements	69,884			60,363			51,493
Total Cole Capital revenues	119,376			114,882			203,558
Operating expenses:
Cole Capital reallowed fees and commissions	23,174			16,195			66,228
Acquisition related	64			594			3,362
Litigation, merger and other non-routine costs, net of insurance recoveries	—			—			1,969
General and administrative	85,343			84,375			91,167
Depreciation and amortization	31,872			30,134			71,260
Impairments	120,931			213,339			309,444
Total operating expenses	261,384			344,637			543,430
Operating loss	(142,008		)	(229,755		)	(339,872		)
Total other income, net	746			2,486			2,621
Loss before income taxes	(141,262		)	(227,269		)	(337,251		)
Benefit from income taxes	9,811			39,872			40,577
Net loss	$	(131,451	)	$	(187,397	)	$	(296,674	)

Total Company:
Total revenues	$	1,454,823		$	1,556,017		$	1,579,257
Total operating expenses	$	(1,401,352	)	$	(1,488,692	)	$	(1,949,835	)
Total other expense, net	$	(303,520	)	$	(354,809	)	$	(396,567	)
Net loss	$	(200,824	)	$	(323,492	)	$	(1,010,912	)