XML 66 R45.htm IDEA: XBRL DOCUMENT v3.20.4
Segment Information (Tables)
 12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]
Summary information by reportable business segment is as follows:
For the Year Ended December 31, 2020
Triple-Net
Leased
Properties		Senior
Living
Operations		Office
Operations		All
Other		Total
 (In thousands)
Revenues:     
Rental income$695,265 $— $799,627 $— $1,494,892 
Resident fees and services— 2,197,160 — — 2,197,160 
Office building and other services revenue— — 8,675 6,516 15,191 
Income from loans and investments— — — 80,505 80,505 
Interest and other income— — — 7,609 7,609 
Total revenues$695,265 $2,197,160 $808,302 $94,630 $3,795,357 
Total revenues$695,265 $2,197,160 $808,302 $94,630 $3,795,357 
Less:    
Interest and other income— — — 7,609 7,609 
Property-level operating expenses22,160 1,658,671 256,612 — 1,937,443 
Office building services costs— — 2,315 — 2,315 
Segment NOI$673,105 $538,489 $549,375 $87,021 1,847,990 
Interest and other income   7,609 
Interest expense    (469,541)
Depreciation and amortization    (1,109,763)
General, administrative and professional fees
    (130,158)
Loss on extinguishment of debt, net    (10,791)
Merger-related expenses and deal costs    (29,812)
Allowance on loans receivable and investments(24,238)
Other    (707)
Income from unconsolidated entities1,844 
Gain on real estate dispositions262,218 
Income tax benefit    96,534 
Income from continuing operations    441,185 
Net income441,185 
Net income attributable to noncontrolling interests2,036 
Net income attributable to common stockholders$439,149 
For the Year Ended December 31, 2019
Triple-Net
Leased
Properties		Senior
Living
Operations		Office
Operations		All
Other		Total
 (In thousands)
Revenues:     
Rental income$780,898 $— $828,978 $— $1,609,876 
Resident fees and services
— 2,151,533 — — 2,151,533 
Office building and other services revenue— — 7,747 3,409 11,156 
Income from loans and investments— — — 89,201 89,201 
Interest and other income— — — 10,984 10,984 
Total revenues$780,898 $2,151,533 $836,725 $103,594 $3,872,750 
Total revenues$780,898 $2,151,533 $836,725 $103,594 $3,872,750 
Less:     
Interest and other income— — — 10,984 10,984 
Property-level operating expenses26,561 1,521,398 260,249 — 1,808,208 
Office building services costs— — 2,319 — 2,319 
Segment NOI
$754,337 $630,135 $574,157 $92,610 2,051,239 
Interest and other income   10,984 
Interest expense    (451,662)
Depreciation and amortization
    (1,045,620)
General, administrative and professional fees
    (158,726)
Loss on extinguishment of debt, net    (41,900)
Merger-related expenses and deal costs    (15,235)
Other    10,339 
Loss from unconsolidated entities(2,454)
Gain on real estate dispositions26,022 
Income tax benefit    56,310 
Income from continuing operations    439,297 
Net income439,297 
Net income attributable to noncontrolling interests6,281 
Net income attributable to common stockholders$433,016 
For the Year Ended December 31, 2018
Triple-Net
Leased
Properties		Senior
Living
Operations		Office
Operations		All
Other		Total
 (In thousands)
Revenues:     
Rental income$737,796 $— $776,011 $— $1,513,807 
Resident fees and services— 2,069,477 — — 2,069,477 
Office building and other services revenue2,522 — 7,592 3,302 13,416 
Income from loans and investments— — — 124,218 124,218 
Interest and other income— — — 24,892 24,892 
Total revenues$740,318 $2,069,477 $783,603 $152,412 $3,745,810 
Total revenues$740,318 $2,069,477 $783,603 $152,412 $3,745,810 
Less:     
Interest and other income— — — 24,892 24,892 
Property-level operating expenses— 1,446,201 243,679 — 1,689,880 
Office building services costs— — 1,418 — 1,418 
Segment NOI$740,318 $623,276 $538,506 $127,520 2,029,620 
Interest and other income   24,892 
Interest expense    (442,497)
Depreciation and amortization    (919,639)
General, administrative and professional fees
    (145,978)
Loss on extinguishment of debt, net(58,254)
Merger-related expenses and deal costs    (30,547)
Other    (72,772)
Loss from unconsolidated entities(55,034)
Gain on real estate dispositions46,247 
Income tax benefit    39,953 
Income from continuing operations    415,991 
Discontinued operations(10)
Net income415,981 
Net income attributable to noncontrolling interests6,514 
Net income attributable to common stockholders$409,467 
Reconciliation of Assets from Segment to Consolidated [Table Text Block]
Assets by reportable business segment are as follows:
 As of December 31,
 20202019
 (Dollars in thousands)
Assets:    
Triple-net leased properties$5,147,503 21.6 %$6,381,657 25.8 %
Senior living operations10,653,428 44.5 10,142,023 41.1 
Office operations6,709,602 28.0 7,173,401 29.1 
All other assets1,418,871 5.9 995,127 4.0 
Total assets$23,929,404 100.0 %$24,692,208 100.0 %
Segment Reporting Information Expenditures for Additions to Long-Lived Assets [Table Text Block]
Capital expenditures, including investments in real estate property and development project expenditures, by reportable business segment are as follows:
 For the Years Ended December 31,
 202020192018
 (In thousands)
Capital expenditures:   
Triple-net leased properties$42,930 $55,429 $58,744 
Senior living operations191,891 944,214 337,750 
Office operations372,475 519,129 332,147 
Total capital expenditures$607,296 $1,518,772 $728,641 
Long-lived Assets by Geographic Areas
 As of December 31,
 20202019
 (In thousands)
Net real estate property:  
United States$17,303,816 $18,636,838 
Canada2,983,924 2,830,850 
United Kingdom262,295 266,885 
Total net real estate property$20,550,035 $21,734,573 
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas Geographic information regarding our operations is as follows:
 For the Years Ended December 31,
 202020192018
 (In thousands)
Revenues:   
United States$3,381,357 $3,578,341 $3,524,875 
Canada389,205 266,946 192,350 
United Kingdom24,795 27,463 28,585 
Total revenues$3,795,357 $3,872,750 $3,745,810