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CONSOLIDATED STATEMENTS OF OPERATIONS OF ERP OPERATING LIMITED PARTNERSHIP (USD $)
Share data in Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
REVENUES      
Rental income $ 2,378,004,000 $ 1,737,929,000 $ 1,516,194,000
Fee and asset management 9,698,000 9,573,000 9,026,000
Total revenues 2,387,702,000 1,747,502,000 1,525,220,000
EXPENSES      
Property and maintenance 449,461,000 332,190,000 304,380,000
Real estate taxes and insurance 293,999,000 206,723,000 178,406,000
Property management 84,342,000 81,902,000 81,867,000
Fee and asset management 6,460,000 4,663,000 4,279,000
Depreciation 978,973,000 560,669,000 506,175,000
General and administrative 62,179,000 47,233,000 43,604,000
Total expenses 1,875,414,000 1,233,380,000 1,118,711,000
Operating income 512,288,000 514,122,000 406,509,000
Interest and other income 4,656,000 150,546,000 7,963,000
Other expenses (9,105,000) (21,692,000) (12,400,000)
Merger Expenses (19,864,000) (5,619,000) (1,736,000)
Interest:      
Expense incurred, net (586,854,000) (455,236,000) (460,172,000)
Amortization of deferred financing costs (22,197,000) (21,295,000) (16,616,000)
(Loss) income before income and other taxes, (loss) from investments in unconsolidated entities, net gain on sales of unconsolidated entities and land parcels and discontinued operations (121,076,000) 160,826,000 (76,452,000)
Income and other tax (expense) benefit (1,169,000) (514,000) (706,000)
(Loss) from investments in unconsolidated entities due to operations (4,159,000) (14,000) 0
(Loss) from investments in unconsolidated entities due to merger expenses (54,004,000) 0 0
Net gain on sales of unconsolidated entities 7,000 0 0
Net gain on sales of land parcels 12,227,000 0 4,217,000
(Loss) income from continuing operations (168,174,000) 160,298,000 (72,941,000)
Discontinued operations, net 2,073,527,000 720,906,000 1,008,138,000
Net income 1,905,353,000 881,204,000 935,197,000
Net loss (income) attributable to Noncontrolling Interests - Partially Owned Properties 538,000 (844,000) (832,000)
Net income attributable to controlling interests 1,830,613,000 841,719,000 893,585,000
ALLOCATION OF NET INCOME:      
Redemption Premium 0 5,152,000 0
Earnings per Unit - basic:      
(Loss) income from continuing operations available to Common Shares $ (0.466) $ 0.454 $ (0.284)
Net income available to Units $ 5.155 $ 2.729 $ 2.984
Earnings per Unit - diluted:      
(Loss) income from Continuing Operations, Per Diluted Share $ (0.466) $ 0.450 $ (0.284)
Net income available to Units $ 5.155 $ 2.705 $ 2.984
OPERATING PARTNERSHIP
     
REVENUES      
Rental income 2,378,004,000 1,737,929,000 1,516,194,000
Fee and asset management 9,698,000 9,573,000 9,026,000
Total revenues 2,387,702,000 1,747,502,000 1,525,220,000
EXPENSES      
Property and maintenance 449,461,000 332,190,000 304,380,000
Real estate taxes and insurance 293,999,000 206,723,000 178,406,000
Property management 84,342,000 81,902,000 81,867,000
Fee and asset management 6,460,000 4,663,000 4,279,000
Depreciation 978,973,000 560,669,000 506,175,000
General and administrative 62,179,000 47,233,000 43,604,000
Total expenses 1,875,414,000 1,233,380,000 1,118,711,000
Operating income 512,288,000 514,122,000 406,509,000
Interest and other income 4,656,000 150,546,000 7,963,000
Other expenses (9,105,000) (21,692,000) (12,400,000)
Merger Expenses (19,864,000) (5,619,000) (1,736,000)
Interest:      
Expense incurred, net (586,854,000) (455,236,000) (460,172,000)
Amortization of deferred financing costs (22,197,000) (21,295,000) (16,616,000)
(Loss) income before income and other taxes, (loss) from investments in unconsolidated entities, net gain on sales of unconsolidated entities and land parcels and discontinued operations (121,076,000) 160,826,000 (76,452,000)
Income and other tax (expense) benefit (1,169,000) (514,000) (706,000)
(Loss) from investments in unconsolidated entities due to operations (4,159,000) (14,000) 0
(Loss) from investments in unconsolidated entities due to merger expenses (54,004,000) 0 0
Net gain on sales of unconsolidated entities 7,000 0 0
Net gain on sales of land parcels 12,227,000 0 4,217,000
(Loss) income from continuing operations (168,174,000) 160,298,000 (72,941,000)
Discontinued operations, net 2,073,527,000 720,906,000 1,008,138,000
Net income 1,905,353,000 881,204,000 935,197,000
Net loss (income) attributable to Noncontrolling Interests - Partially Owned Properties 538,000 (844,000) (832,000)
Net income attributable to controlling interests 1,905,891,000 880,360,000 934,365,000
ALLOCATION OF NET INCOME:      
Preference Units 4,145,000 10,355,000 13,865,000
Redemption Premium 0 5,152,000 0
General Partner 1,826,468,000 826,212,000 879,720,000
Limited Partners 75,278,000 38,641,000 40,780,000
Net income available to Units $ 1,901,746,000 $ 864,853,000 $ 920,500,000
Earnings per Unit - basic:      
(Loss) income from continuing operations available to Common Shares $ (0.466) $ 0.454 $ (0.284)
Net income available to Units $ 5.155 $ 2.729 $ 2.984
Weighted average Units outstanding 368,038 316,554 308,062
Earnings per Unit - diluted:      
(Loss) income from Continuing Operations, Per Diluted Share $ (0.466) $ 0.450 $ (0.284)
Net income available to Units $ 5.155 $ 2.705 $ 2.984
Weighted average Units outstanding 368,038 319,766 308,062