Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2019

Equity [Abstract]

Summary of Stockholders' Equity Capital Accounts

The following is a summary of our stockholders’ equity capital accounts as of the dates indicated: 

	June 30, 2019	December 31, 2018
Preferred Stock:
Authorized shares	50,000,000	50,000,000
Issued shares	—	14,375,000
Outstanding shares	—	14,369,965
Common Stock, $1.00 par value:
Authorized shares	700,000,000	700,000,000
Issued shares	406,497,122	384,849,236
Outstanding shares	405,254,113	383,674,603

 

The following is a summary of our preferred stock activity during the periods indicated: 

	Six Months Ended
	June 30, 2019			June 30, 2018
			Weighted Avg.			Weighted Avg.
	Shares		Dividend Rate	Shares		Dividend Rate
Beginning balance	14,369,965		6.50%	14,370,060		6.50%
Shares converted	(14,369,965	)	6.50%	(95	)	6.50%
Ending balance	—		—%	14,369,965		6.50%

The following is a summary of our common stock issuances during the six months ended June 30, 2019 and 2018 (dollars in thousands, except average price amounts): 

	Shares Issued	Average Price	Gross Proceeds		Net Proceeds
2018 Dividend reinvestment plan issuances	182,910	$55.40	$	10,133	$	10,133
2018 Option exercises	1,026	53.61	55		55
2018 Preferred stock conversions	83		—		—
2018 Stock incentive plans, net of forfeitures	114,037		—		—
2018 Totals	298,056		$	10,188	$	10,188
2019 Dividend reinvestment plan issuances	4,304,712	$75.20	$	323,724	$	320,243
2019 Option exercises	10,736	51.32	551		551
2019 Equity Shelf Program issuances	4,384,045	74.97	328,665		326,362
2019 Preferred stock conversions	12,712,452		—		—
2019 Stock incentive plans, net of forfeitures	167,565		—		—
2019 Totals	21,579,510		$	652,940	$	647,156

Summary of Dividend Payments

The following is a summary of our dividend payments (in thousands, except per share amounts): 

	Six Months Ended
	June 30, 2019				June 30, 2018
	Per Share		Amount		Per Share		Amount
Common Stock	$	1.7400	$	698,437	$	1.7400	$	647,098
Series I Preferred Stock	—		—		1.6250		23,352
Totals			$	698,437			$	670,450

Summary of Accumulated Other Comprehensive Income (Loss)

The following is a summary of accumulated other comprehensive income (loss) for the periods presented (in thousands):

	June 30, 2019			December 31, 2018
Foreign currency translation	$	(851,584	)	$	(868,006	)
Derivative instruments	751,502			738,777
Actuarial losses	(540		)	(540		)
Total accumulated other comprehensive loss	$	(100,622	)	$	(129,769	)