XML 17 R4.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Rental income $ 369,165 $ 398,570 $ 772,422 $ 800,066
Income from loans and investments 19,491 19,529 43,537 36,655
Interest and other income 1,540 9,202 6,393 9,489
Total revenues 943,198 950,717 1,955,252 1,893,591
Interest 123,132 110,369 239,828 220,988
Depreciation, Depletion and Amortization, Nonproduction 349,594 226,187 598,431 462,107
Property-level operating expenses 498,605 435,901 979,573 866,405
Office building services costs 543 515 1,270 1,148
General, administrative and professional fees 29,984 43,079 72,519 83,839
Loss on extinguishment of debt, net 0 4,022 0 4,427
Merger-related expenses and deal costs 6,586 4,600 14,804 6,780
Allowance on loans receivable and investments 29,655 0 29,655 0
Other 3,382 (11,481) 7,090 (11,458)
Total expenses 1,041,481 813,192 1,943,170 1,634,236
(Loss) income before unconsolidated entities, real estate dispositions, income taxes and noncontrolling interests (98,283) 137,525 12,082 259,355
Loss from unconsolidated entities (5,850) (2,529) (16,726) (3,475)
Gain on real estate dispositions 1,254 19,150 227,479 24,597
Income tax (expense) benefit (56,356) 57,752 92,660 59,009
(Loss) income from continuing operations (159,235) 211,898 315,495 339,486
Net (loss) income (159,235) 211,898 315,495 339,486
Net (loss) income attributable to noncontrolling interests (2,065) 1,369 (452) 3,172
Net (loss) income attributable to common stockholders $ (157,170) $ 210,529 $ 315,947 $ 336,314
Income from continuing operations (in usd per share) $ (0.43) $ 0.59 $ 0.85 $ 0.94
Net income attributable to common stockholders (in usd per share) (0.42) 0.58 0.85 0.94
Income from continuing operations (in usd per share) (0.43) 0.58 0.84 0.93
Net income attributable to common stockholders (in usd per share) $ (0.42) $ 0.58 $ 0.84 $ 0.93
Triple-Net Leased Properties        
Rental income $ 176,240 $ 196,382 $ 371,102 $ 396,450
Property-level operating expenses 5,275 6,321   13,754
Office Operations        
Rental income 192,925 202,188 401,320 403,616
Property-level operating expenses 60,752 62,743   124,828
Resident Fees and Services        
Other revenues 549,329 520,725 1,126,099 1,042,172
Office Building and Other Services Revenue        
Other revenues 3,673 2,691 $ 6,801 5,209
Senior Living Operations        
Property-level operating expenses $ 432,578 $ 366,837   $ 727,823