XML 94 R70.htm IDEA: XBRL DOCUMENT v3.22.2
Business Segments - Segment Reporting, Reconciliation of Revenues, Operating Income and Assets (Detail) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
Segment Reporting Information [Line Items]          
Total revenues $ 1,252,080 $ 1,150,842 $ 2,471,208 $ 2,299,158  
Operating income 533,317 700,866 1,739,119 1,233,063  
General and administrative expenses 83,114 74,342 157,760 152,374  
Depreciation and amortization expenses 402,313 392,736 798,960 790,311  
Gains on dispositions of development properties and land, net 105,802 187,361 316,008 361,004  
Gains on other dispositions of investments in real estate, net 0 127,167 584,835 143,790  
Earnings from unconsolidated entities, net 79,594 72,419 156,556 139,468  
Interest expense (60,293) (68,412) (124,357) (139,693)  
Interest and other income, net 6,227 715 7,280 5,461  
Foreign currency and derivative gains (losses), net 138,155 (6,080) 185,511 74,072  
Losses on early extinguishment of debt, net (730) 0 (18,895) (187,453)  
Earnings before income taxes 696,270 699,508 1,945,214 1,124,918  
Total assets 59,763,817   59,763,817   $ 58,486,220
Investments in and advances to unconsolidated entities 8,443,644   8,443,644   8,610,958
Assets held for sale or contribution 403,617   403,617   669,688
Cash and cash equivalents 437,515   437,515   556,117
Other assets 3,460,006   3,460,006   3,312,454
Real Estate Operations [Member]          
Segment Reporting Information [Line Items]          
Total assets 49,769,733   49,769,733   48,088,165
Operating Segments [Member]          
Segment Reporting Information [Line Items]          
Operating income 912,942 853,416 1,794,996 1,670,954  
Total assets 49,806,604   49,806,604   48,125,728
Operating Segments [Member] | Real Estate Operations [Member]          
Segment Reporting Information [Line Items]          
Total revenues 1,095,841 1,021,455 2,181,044 2,049,810  
Operating income 813,755 769,128 1,613,695 1,516,155  
Operating Segments [Member] | Strategic Capital [Member]          
Segment Reporting Information [Line Items]          
Total revenues 156,239 129,387 290,164 249,348  
Operating income 99,187 84,288 181,301 154,799  
Total assets 36,871   36,871   37,563
Operating Segments [Member] | U.S. [Member] | Real Estate Operations [Member]          
Segment Reporting Information [Line Items]          
Total revenues 1,046,347 971,698 2,085,338 1,946,781  
Operating income 784,706 734,295 1,555,916 1,443,598  
Total assets 45,145,760   45,145,760   44,136,140
Operating Segments [Member] | U.S. [Member] | Strategic Capital [Member]          
Segment Reporting Information [Line Items]          
Total revenues 50,866 35,870 101,501 69,853  
Operating income 22,308 15,352 49,985 23,654  
Total assets 11,348   11,348   11,984
Operating Segments [Member] | Other Americas [Member] | Real Estate Operations [Member]          
Segment Reporting Information [Line Items]          
Total revenues 23,171 25,495 45,362 49,388  
Operating income 16,835 19,229 32,942 36,824  
Total assets 1,712,191   1,712,191   1,148,371
Operating Segments [Member] | Other Americas [Member] | Strategic Capital [Member]          
Segment Reporting Information [Line Items]          
Total revenues 32,812 19,475 44,465 30,138  
Operating income 28,873 16,648 36,247 24,554  
Operating Segments [Member] | Europe [Member] | Real Estate Operations [Member]          
Segment Reporting Information [Line Items]          
Total revenues 11,700 13,372 23,708 32,228  
Operating income 1,864 7,474 5,834 20,665  
Total assets 1,864,969   1,864,969   1,837,800
Operating Segments [Member] | Europe [Member] | Strategic Capital [Member]          
Segment Reporting Information [Line Items]          
Total revenues 49,116 47,835 95,312 91,264  
Operating income 34,159 36,278 66,622 68,449  
Total assets 25,280   25,280   25,280
Operating Segments [Member] | Asia [Member] | Real Estate Operations [Member]          
Segment Reporting Information [Line Items]          
Total revenues 14,623 10,890 26,636 21,413  
Operating income 10,350 8,130 19,003 15,068  
Total assets 1,046,813   1,046,813   965,854
Operating Segments [Member] | Asia [Member] | Strategic Capital [Member]          
Segment Reporting Information [Line Items]          
Total revenues 23,445 26,207 48,886 58,093  
Operating income 13,847 16,010 28,447 38,142  
Total assets 243   243   299
Reconciling Items [Member]          
Segment Reporting Information [Line Items]          
Operating income 533,317 700,866 1,739,119 1,233,063  
General and administrative expenses (83,114) (74,342) (157,760) (152,374)  
Depreciation and amortization expenses (402,313) (392,736) (798,960) (790,311)  
Gains on dispositions of development properties and land, net 105,802 187,361 316,008 361,004  
Gains on other dispositions of investments in real estate, net 0 127,167 584,835 143,790  
Earnings from unconsolidated entities, net 79,594 72,419 156,556 139,468  
Interest expense (60,293) (68,412) (124,357) (139,693)  
Interest and other income, net 6,227 715 7,280 5,461  
Foreign currency and derivative gains (losses), net 138,155 (6,080) 185,511 74,072  
Losses on early extinguishment of debt, net (730) $ 0 (18,895) $ (187,453)  
Total assets 9,957,213   9,957,213   10,360,492
Investments in and advances to unconsolidated entities 8,443,644   8,443,644   8,610,958
Assets held for sale or contribution 403,617   403,617   669,688
Cash and cash equivalents 437,515   437,515   556,117
Other assets $ 672,437   $ 672,437   $ 523,729