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Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Lease revenues:      
Rental income $ 262,330 $ 104,079 $ 49,618
Interest income from direct financing leases 37,294 15,217 10,278
Total lease revenues 299,624 119,296 59,896
Reimbursed costs from affiliates 73,572 98,245 64,829
Structuring revenue from affiliates 46,589 48,355 46,831
Asset management revenue from affiliates 42,670 56,666 66,808
Other real estate income 16,341 9,885 7,168
Dealer manager fees from affiliates 10,856 19,914 11,664
Incentive, termination and subordinated disposition revenue from affiliates 199 0 52,515
Total revenues 489,851 352,361 309,711
Operating Expenses      
Depreciation and amortization 121,822 44,427 20,481
General and administrative 84,112 86,916 75,850
Reimbursable costs 73,572 98,245 64,829
Stock-based compensation expenses 37,280 26,241 17,750
Property expenses 20,840 11,534 8,852
Merger and acquisition expenses 9,230 31,639 33
Other real estate expenses 556 489 478
Impairment charges 5,294 0 (1,365)
Total operating expenses 352,706 299,491 186,908
Other Income and Expenses      
Net income from equity investments in real estate and the Managed REITs 52,731 62,392 51,228
Other income and (expenses) 7,997 3,396 4,579
Other interest income 1,092 1,332 1,996
Gain on change in control of interests 0 20,744 27,859
Interest expense (103,728) (46,448) (18,210)
Total other income and expenses (41,908) 41,416 67,452
Income from continuing operations before income taxes 95,237 94,286 190,255
Provision for income taxes (1,252) (6,772) (37,214)
Income from continuing operations 93,985 87,514 153,041
Discontinued Operations      
Gain (loss) on sale of real estate, net of tax 40,043 (5,015) (3,391)
Income from operations of discontinued properties, net of tax 8,967 3,242 318
Gain on deconsolidation of a subsidiary, net of tax 0 0 1,008
Impairment charges, net of tax (8,415) (22,962) (11,838)
Loss on extinguishment of debt, net of tax (2,415) 0 0
Income (loss) from discontinued operations, net of tax 38,180 (24,735) (13,903)
Net Income 132,165 62,779 139,138
Net (income) loss attributable to noncontrolling interests (32,936) (607) 1,864
Net income attributable to redeemable noncontrolling interests (353) (40) (1,923)
Net Income Attributable to W. P. Carey 98,876 62,132 139,079
Basic Earnings Per Share      
Income from continuing operations attributable to W. P. Carey $ 1.22 $ 1.83 $ 3.78
Income (loss) from discontinued operations attributable to W. P. Carey $ 0.21 $ (0.53) $ (0.34)
Net Income Attributable to W. P. Carey $ 1.43 $ 1.30 $ 3.44
Diluted Earnings Per Share      
Income from continuing operations attributable to W. P. Carey $ 1.21 $ 1.80 $ 3.76
Income (loss) from discontinued operations attributable to W. P. Carey $ 0.20 $ (0.52) $ (0.34)
Net Income Attributable to W. P. Carey $ 1.41 $ 1.28 $ 3.42
Weighted Average Shares Outstanding      
Basic 68,691,046 47,389,460 39,819,475
Diluted 69,708,008 48,078,474 40,098,095
Amounts Attributable to W. P. Carey      
Income from continuing operations, net of tax 84,637 87,571 153,011
Income (loss) from discontinued operations, net of tax 14,239 (25,439) (13,932)
Net Income Attributable to W. P. Carey $ 98,876 $ 62,132 $ 139,079