XML 27 R67.htm IDEA: XBRL DOCUMENT v2.4.0.8
Segment Reporting (Details) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Dec. 31, 2013
Summary of information for reportable segments          
Rental income $ 347,847,000 $ 298,873,000 $ 684,303,000 $ 591,516,000  
Resident fees and services 467,639,000 370,995,000 923,904,000 698,319,000  
Interest income 8,933,000 7,640,000 17,527,000 16,696,000  
Other income 2,027,000 1,025,000 2,520,000 1,725,000  
Total revenues 826,446,000 678,533,000 1,628,254,000 1,308,256,000  
Property operating expenses 343,754,000 277,958,000 685,185,000 530,780,000  
Net Operating Income from Continuing Operations 482,692,000 400,575,000 943,069,000 777,476,000  
Interest expense 121,065,000 109,465,000 241,898,000 218,303,000  
Loss (gain) on derivatives, net 351,000 (2,716,000) 351,000 (407,000)  
Depreciation and amortization 214,449,000 198,062,000 447,766,000 382,750,000  
General and administrative 51,660,000 23,902,000 84,524,000 51,081,000  
Transaction costs 7,040,000 28,136,000 7,993,000 94,116,000  
Loss (gain) on extinguishment of debt, net 531,000 0 383,000 (308,000)  
Income (loss) from continuing operations before income taxes and income from unconsolidated entities 87,596,000 43,726,000 160,154,000 31,941,000  
Total assets 23,573,890,000   23,573,890,000   23,083,957,000
Percent Of Assets 1 1 1 1 1
Percent Of Revenues 1 1 1 1  
Senior housing - triple net [Member]
         
Summary of information for reportable segments          
Rental income 225,472,000 187,518,000 440,302,000 370,814,000  
Resident fees and services 0 0 0 0  
Interest income 5,666,000 5,433,000 11,106,000 11,276,000  
Other income 325,000 199,000 446,000 408,000  
Total revenues 231,463,000 193,150,000 451,854,000 382,498,000  
Property operating expenses 0 0 0 0  
Net Operating Income from Continuing Operations 231,463,000 193,150,000 451,854,000 382,498,000  
Interest expense 8,879,000 3,247,000 17,769,000 9,055,000  
Loss (gain) on derivatives, net 73,000 0 73,000 0  
Depreciation and amortization 61,613,000 54,637,000 123,016,000 109,587,000  
General and administrative 0 0 0 0  
Transaction costs 4,007,000 11,211,000 4,283,000 11,705,000  
Loss (gain) on extinguishment of debt, net 0   0 0  
Income (loss) from continuing operations before income taxes and income from unconsolidated entities 156,891,000 124,055,000 306,713,000 252,151,000  
Total assets 9,460,260,000   9,460,260,000    
Senior housing - operating [Member]
         
Summary of information for reportable segments          
Rental income 0 0 0 0  
Resident fees and services 467,639,000 370,995,000 923,904,000 698,319,000  
Interest income 11,000 0 11,000 757,000  
Other income 1,264,000 0 1,318,000 0  
Total revenues 468,914,000 370,995,000 925,233,000 699,076,000  
Property operating expenses 310,029,000 248,972,000 618,213,000 473,475,000  
Net Operating Income from Continuing Operations 158,885,000 122,023,000 307,020,000 225,601,000  
Interest expense 28,833,000 19,412,000 56,312,000 38,482,000  
Loss (gain) on derivatives, net 278,000 (2,716,000) 278,000 (407,000)  
Depreciation and amortization 109,644,000 103,646,000 238,806,000 193,521,000  
General and administrative 0 0 0 0  
Transaction costs 1,660,000 16,799,000 2,290,000 82,124,000  
Loss (gain) on extinguishment of debt, net 531,000   383,000 (308,000)  
Income (loss) from continuing operations before income taxes and income from unconsolidated entities 17,939,000 (15,118,000) 8,951,000 (87,811,000)  
Total assets 9,156,333,000   9,156,333,000    
Medical facilities [Member]
         
Summary of information for reportable segments          
Rental income 122,375,000 111,355,000 244,001,000 220,702,000  
Resident fees and services 0 0 0 0  
Interest income 3,256,000 2,207,000 6,410,000 4,663,000  
Other income 362,000 662,000 665,000 1,072,000  
Total revenues 125,993,000 114,224,000 251,076,000 226,437,000  
Property operating expenses 33,725,000 28,986,000 66,972,000 57,305,000  
Net Operating Income from Continuing Operations 92,268,000 85,238,000 184,104,000 169,132,000  
Interest expense 8,122,000 9,506,000 17,730,000 18,364,000  
Loss (gain) on derivatives, net 0 0 0 0  
Depreciation and amortization 43,192,000 39,779,000 85,944,000 79,642,000  
General and administrative 0 0 0 0  
Transaction costs 1,373,000 126,000 1,420,000 287,000  
Loss (gain) on extinguishment of debt, net 0   0 0  
Income (loss) from continuing operations before income taxes and income from unconsolidated entities 39,581,000 35,827,000 79,010,000 70,839,000  
Total assets 4,906,320,000   4,906,320,000    
Non Segment Corporate [Member]
         
Summary of information for reportable segments          
Rental income 0 0 0 0  
Resident fees and services 0 0 0 0  
Interest income 0 0 0 0  
Other income 76,000 164,000 91,000 245,000  
Total revenues 76,000 164,000 91,000 245,000  
Property operating expenses 0 0 0 0  
Net Operating Income from Continuing Operations 76,000 164,000 91,000 245,000  
Interest expense 75,231,000 77,300,000 150,087,000 152,402,000  
Loss (gain) on derivatives, net 0 0 0 0  
Depreciation and amortization 0 0 0 0  
General and administrative 51,660,000 23,902,000 84,524,000 51,081,000  
Transaction costs 0 0 0 0  
Loss (gain) on extinguishment of debt, net 0   0 0  
Income (loss) from continuing operations before income taxes and income from unconsolidated entities (126,815,000) (101,038,000) (234,520,000) (203,238,000)  
Total assets 50,977,000   50,977,000    
International [Member]
         
Summary of information for reportable segments          
Total revenues 130,524,000 87,024,000 257,233,000 147,568,000  
Total assets 3,197,439,000   3,197,439,000   3,324,012,000
Percent Of Assets 0.136   0.136   0.144
Percent Of Revenues 0.158 0.128 0.158 0.113  
United States [Member]
         
Summary of information for reportable segments          
Total revenues 695,922,000 591,509,000 1,371,021,000 1,160,688,000  
Total assets $ 20,376,451,000   $ 20,376,451,000   $ 19,759,945,000
Percent Of Assets 0.864   0.864   0.856
Percent Of Revenues 0.842 0.872 0.842 0.887