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Consolidated Statements of Income (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Revenues:      
Rental income $ 1,405,767,000us-gaap_OperatingLeasesIncomeStatementLeaseRevenue $ 1,227,589,000us-gaap_OperatingLeasesIncomeStatementLeaseRevenue $ 1,063,214,000us-gaap_OperatingLeasesIncomeStatementLeaseRevenue
Resident fees and services 1,892,237,000us-gaap_HealthCareOrganizationResidentServiceRevenue 1,616,290,000us-gaap_HealthCareOrganizationResidentServiceRevenue 697,494,000us-gaap_HealthCareOrganizationResidentServiceRevenue
Interest income 37,667,000us-gaap_InterestIncomeOperating 32,663,000us-gaap_InterestIncomeOperating 39,065,000us-gaap_InterestIncomeOperating
Other income 7,875,000us-gaap_OtherOperatingIncome 4,066,000us-gaap_OtherOperatingIncome 5,271,000us-gaap_OtherOperatingIncome
Total revenues 3,343,546,000us-gaap_Revenues 2,880,608,000us-gaap_Revenues 1,805,044,000us-gaap_Revenues
Expenses:      
Interest expense 481,039,000us-gaap_InterestExpenseDebt 458,360,000us-gaap_InterestExpenseDebt 361,565,000us-gaap_InterestExpenseDebt
Property operating expenses 1,403,358,000us-gaap_OwnedPropertyManagementCosts 1,206,813,000us-gaap_OwnedPropertyManagementCosts 567,989,000us-gaap_OwnedPropertyManagementCosts
Depreciation and amortization 844,130,000us-gaap_DepreciationAndAmortization 865,800,000us-gaap_DepreciationAndAmortization 506,220,000us-gaap_DepreciationAndAmortization
General and administrative 142,943,000us-gaap_SellingGeneralAndAdministrativeExpense 108,318,000us-gaap_SellingGeneralAndAdministrativeExpense 97,341,000us-gaap_SellingGeneralAndAdministrativeExpense
Transaction costs 69,538,000us-gaap_BusinessCombinationAcquisitionRelatedCosts 133,401,000us-gaap_BusinessCombinationAcquisitionRelatedCosts 61,609,000us-gaap_BusinessCombinationAcquisitionRelatedCosts
Loss (gain) on derivatives, net 1,495,000us-gaap_DerivativeGainLossOnDerivativeNet (4,470,000)us-gaap_DerivativeGainLossOnDerivativeNet 1,825,000us-gaap_DerivativeGainLossOnDerivativeNet
Loss (gain) on extinguishment of debt, net 9,558,000us-gaap_GainsLossesOnExtinguishmentOfDebt (909,000)us-gaap_GainsLossesOnExtinguishmentOfDebt (775,000)us-gaap_GainsLossesOnExtinguishmentOfDebt
Provision for loan losses 0us-gaap_ProvisionForLoanAndLeaseLosses 2,110,000us-gaap_ProvisionForLoanAndLeaseLosses 27,008,000us-gaap_ProvisionForLoanAndLeaseLosses
Other expenses 10,262,000us-gaap_OtherExpenses 0us-gaap_OtherExpenses 0us-gaap_OtherExpenses
Total expenses 2,959,333,000us-gaap_OperatingExpenses 2,778,363,000us-gaap_OperatingExpenses 1,619,132,000us-gaap_OperatingExpenses
Income from continuing operations before income taxes and income from unconsolidated entities 384,213,000us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 102,245,000us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 185,912,000us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax (expense) benefit 1,267,000us-gaap_IncomeTaxExpenseBenefit (7,491,000)us-gaap_IncomeTaxExpenseBenefit (7,612,000)us-gaap_IncomeTaxExpenseBenefit
(Loss) income from unconsolidated entities (27,426,000)us-gaap_IncomeLossFromEquityMethodInvestments (8,187,000)us-gaap_IncomeLossFromEquityMethodInvestments 2,482,000us-gaap_IncomeLossFromEquityMethodInvestments
Income from continuing operations 358,054,000us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 86,567,000us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 180,782,000us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Discontinued operations:      
Gain (loss) on sales of properties, net 6,411,000us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax 49,138,000us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax 100,549,000us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
Impairment of assets 0us-gaap_ImpairmentOfRealEstate 0us-gaap_ImpairmentOfRealEstate (29,287,000)us-gaap_ImpairmentOfRealEstate
Income (loss) from discontinued operations 724,000us-gaap_DiscontinuedOperationAmountOfOtherIncomeLossFromDispositionOfDiscontinuedOperationNetOfTax 2,575,000us-gaap_DiscontinuedOperationAmountOfOtherIncomeLossFromDispositionOfDiscontinuedOperationNetOfTax 42,796,000us-gaap_DiscontinuedOperationAmountOfOtherIncomeLossFromDispositionOfDiscontinuedOperationNetOfTax
Discontinued operations, net 7,135,000us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 51,713,000us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 114,058,000us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
Gain (loss) on real estate dispositions, net 147,111,000us-gaap_GainLossOnDispositionOfAssets1 0us-gaap_GainLossOnDispositionOfAssets1 0us-gaap_GainLossOnDispositionOfAssets1
Net income 512,300,000us-gaap_ProfitLoss 138,280,000us-gaap_ProfitLoss 294,840,000us-gaap_ProfitLoss
Less: Preferred stock dividends 65,408,000us-gaap_DividendsPreferredStock 66,336,000us-gaap_DividendsPreferredStock 69,129,000us-gaap_DividendsPreferredStock
Less: Preferred stock redemption charge 0us-gaap_PreferredStockRedemptionPremium 0us-gaap_PreferredStockRedemptionPremium 6,242,000us-gaap_PreferredStockRedemptionPremium
Net Income Loss Attributable To Noncontrolling Interest 147,000us-gaap_NetIncomeLossAttributableToNoncontrollingInterest [1] (6,770,000)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest [1] (2,415,000)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest [1]
Net income attributable to common stockholders $ 446,745,000us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 78,714,000us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 221,884,000us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Average number of common shares outstanding:      
Basic 306,272,000us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 276,929,000us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 224,343,000us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted 307,747,000us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 278,761,000us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 225,953,000us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Basic:      
Income from continuing operations attributable to common stockholders $ 1.44us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.1us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.48us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Discontinued operations, net $ 0.02us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0.19us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0.51us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
Basic earnings per share $ 1.46us-gaap_EarningsPerShareBasic $ 0.28us-gaap_EarningsPerShareBasic $ 0.99us-gaap_EarningsPerShareBasic
Diluted:      
Income from continuing operations attributable to common stockholders $ 1.43us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.1us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.48us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Discontinued operations, net $ 0.02us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0.19us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0.5us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
Diluted earnings per share $ 1.45us-gaap_EarningsPerShareDiluted $ 0.28us-gaap_EarningsPerShareDiluted $ 0.98us-gaap_EarningsPerShareDiluted
[1]

* Amounts may not sum due to rounding

(1) Includes amounts attributable to redeemable noncontrolling interests