XML 24 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Rental income:    
Triple-net leased $ 209,327 $ 214,487
Office 185,895 144,136
Total rental income 395,222 358,623
Resident fees and services 464,188 463,976
Office building and other services revenue 3,406 7,185
Income from loans and investments 20,146 22,386
Interest and other income 481 119
Total revenues 883,443 852,289
Expenses    
Interest 108,804 103,273
Depreciation and amortization 217,783 236,387
Property-level operating expenses:    
Senior living 312,073 312,541
Office 56,914 43,681
Total property-level operating expenses 368,987 356,222
Office building services costs 738 3,451
General, administrative and professional fees 33,961 31,726
Loss on extinguishment of debt, net 309 314
Merger-related expenses and deal costs 2,056 1,632
Other 1,188 4,168
Total expenses 733,826 737,173
Income before unconsolidated entities, income taxes, discontinued operations, real estate dispositions and noncontrolling interests 149,617 115,116
Income (loss) from unconsolidated entities 3,150 (198)
Income tax benefit 3,145 8,421
Income from continuing operations 155,912 123,339
Discontinued operations (53) (489)
Gain on real estate dispositions 43,289 26,184
Net income 199,148 149,034
Net income attributable to noncontrolling interests 1,021 54
Net income attributable to common stockholders $ 198,127 $ 148,980
Basic:    
Income from continuing operations (in usd per share) $ 0.44 $ 0.37
Net income attributable to common stockholders (in usd per share) 0.56 0.44
Diluted:    
Income from continuing operations (in usd per share) 0.44 0.36
Net income attributable to common stockholders (in usd per share) $ 0.55 $ 0.44
Weighted average shares used in computing earnings per common share:    
Basic (in shares) 354,410 335,559
Diluted (in shares) 357,572 339,202
Dividends declared per common share (in usd per share) $ 0.775 $ 0.73