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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Real estate:    
Buildings and improvements $ 11,008,771 $ 11,692,654
Development costs and construction in progress 430,007 400,619
Land 1,772,174 1,881,487
Accumulated depreciation and amortization (2,577,248) (2,648,930)
Net real estate 10,633,704 11,325,830
Net investment in direct financing leases 712,540 752,589
Loans receivable, net 788,486 807,954
Investments in and advances to unconsolidated joint ventures 827,202 571,491
Accounts receivable, net of allowance of $3,941 and $4,459, respectively 31,500 45,116
Cash and cash equivalents 764,114 94,730
Restricted cash 60,806 42,260
Intangible assets, net 432,109 479,805
Assets held for sale, net   927,866
Other assets, net 605,407 711,624
Total assets 14,855,868 15,759,265
LIABILITIES AND EQUITY    
Bank line of credit 492,421 899,718
Term loans 274,103 440,062
Senior unsecured notes 7,136,336 7,133,538
Mortgage debt 147,329 623,792
Other debt 91,263 92,385
Intangible liabilities, net 54,472 58,145
Liabilities of assets held for sale, net   3,776
Accounts payable and accrued liabilities 344,908 417,360
Deferred revenue 141,561 149,181
Total liabilities 8,682,393 9,817,957
Commitments and contingencies
Common stock, $1.00 par value: 750,000,000 shares authorized; 468,446,208 and 468,081,489 shares issued and outstanding, respectively 468,446 468,081
Additional paid-in capital 8,203,778 8,198,890
Cumulative dividends in excess of earnings (2,802,218) (3,089,734)
Accumulated other comprehensive loss (28,658) (29,642)
Total stockholders' equity 5,841,348 5,547,595
Joint venture partners 154,161 214,377
Non-managing member unitholders 177,966 179,336
Total noncontrolling interests 332,127 393,713
Total equity 6,173,475 5,941,308
Total liabilities and equity $ 14,855,868 $ 15,759,265