XML 88 R68.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATING INFORMATION (Unaudited) - Statement of Income (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Dec. 31, 2016
Revenues:      
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  
Equity earnings in affiliates 0 0  
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 368,987 356,222  
Office building services costs 738 3,451  
General, administrative and professional fees 33,961 31,726  
(Gain) 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 $ 651,490
Net income attributable to noncontrolling interests 1,021 54  
Net income attributable to common stockholders 198,127 148,980  
Consolidated Elimination      
Revenues:      
Rental income 0 0  
Resident fees and services 0 0  
Office building and other services revenue 0 0  
Income from loans and investments 0 0  
Equity earnings in affiliates (136,681) (108,420)  
Interest and other income 0 0  
Total revenues (136,681) (108,420)  
Expenses      
Interest 0 0  
Depreciation and amortization 0 0  
Property-level operating expenses 0 0  
Office building services costs 0 0  
General, administrative and professional fees 0 0  
(Gain) loss on extinguishment of debt, net 0 0  
Merger-related expenses and deal costs 0 0  
Other 0 0  
Total expenses 0 0  
Income before unconsolidated entities, income taxes, discontinued operations, real estate dispositions and noncontrolling interests (136,681) (108,420)  
Income (loss) from unconsolidated entities 0 0  
Income tax benefit 0 0  
Income from continuing operations (136,681) (108,420)  
Discontinued operations 0 0  
Gain on real estate dispositions 0 0  
Net income (136,681) (108,420)  
Net income attributable to noncontrolling interests 0 0  
Net income attributable to common stockholders (136,681) (108,420)  
Ventas, Inc.      
Revenues:      
Rental income 585 916  
Resident fees and services 0 0  
Office building and other services revenue 0 602  
Income from loans and investments 281 0  
Equity earnings in affiliates 136,989 108,762  
Interest and other income 343 29  
Total revenues 138,198 110,309  
Expenses      
Interest (16,600) (10,795)  
Depreciation and amortization 1,409 4,932  
Property-level operating expenses 0 0  
Office building services costs 0 0  
General, administrative and professional fees 130 (15)  
(Gain) loss on extinguishment of debt, net 0 0  
Merger-related expenses and deal costs 1,863 1,372  
Other (349) (49)  
Total expenses (13,547) (4,555)  
Income before unconsolidated entities, income taxes, discontinued operations, real estate dispositions and noncontrolling interests 151,745 114,864  
Income (loss) from unconsolidated entities 0 0  
Income tax benefit 3,145 8,421  
Income from continuing operations 154,890 123,285  
Discontinued operations (53) (489)  
Gain on real estate dispositions 43,290 26,184  
Net income 198,127 148,980  
Net income attributable to noncontrolling interests 0 0  
Net income attributable to common stockholders 198,127 148,980  
Ventas Realty      
Revenues:      
Rental income 47,819 48,725  
Resident fees and services 0 0  
Office building and other services revenue 0 0  
Income from loans and investments 0 0  
Equity earnings in affiliates 0 0  
Interest and other income 0 0  
Total revenues 47,819 48,725  
Expenses      
Interest 74,789 68,579  
Depreciation and amortization 2,371 9,914  
Property-level operating expenses 83 79  
Office building services costs 0 0  
General, administrative and professional fees 4,700 4,504  
(Gain) loss on extinguishment of debt, net 19 0  
Merger-related expenses and deal costs 0    
Other 0 0  
Total expenses 81,962 83,076  
Income before unconsolidated entities, income taxes, discontinued operations, real estate dispositions and noncontrolling interests (34,143) (34,351)  
Income (loss) from unconsolidated entities 3,321 103  
Income tax benefit 0 0  
Income from continuing operations (30,822) (34,248)  
Discontinued operations 0 0  
Gain on real estate dispositions 0 0  
Net income (30,822) (34,248)  
Net income attributable to noncontrolling interests 0 0  
Net income attributable to common stockholders (30,822) (34,248)  
Ventas Subsidiaries      
Revenues:      
Rental income 346,818 308,982  
Resident fees and services 464,188 463,976  
Office building and other services revenue 3,406 6,583  
Income from loans and investments 19,865 22,386  
Equity earnings in affiliates (308) (342)  
Interest and other income 138 90  
Total revenues 834,107 801,675  
Expenses      
Interest 50,615 45,489  
Depreciation and amortization 214,003 221,541  
Property-level operating expenses 368,904 356,143  
Office building services costs 738 3,451  
General, administrative and professional fees 29,131 27,237  
(Gain) loss on extinguishment of debt, net 290 314  
Merger-related expenses and deal costs 193 260  
Other 1,537 4,217  
Total expenses 665,411 658,652  
Income before unconsolidated entities, income taxes, discontinued operations, real estate dispositions and noncontrolling interests 168,696 143,023  
Income (loss) from unconsolidated entities (171) (301)  
Income tax benefit 0 0  
Income from continuing operations 168,525 142,722  
Discontinued operations 0 0  
Gain on real estate dispositions (1) 0  
Net income 168,524 142,722  
Net income attributable to noncontrolling interests 1,021 54  
Net income attributable to common stockholders $ 167,503 $ 142,668