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Consolidated Statements of Operations and Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
REVENUE:        
Minimum rent $ 728,486 $ 674,654 $ 1,450,768 $ 1,347,581
Overage rent 39,160 39,077 70,834 74,343
Tenant reimbursements 342,250 307,359 667,721 600,957
Management fees and other revenues 34,142 31,814 64,749 61,543
Other income 37,944 32,089 84,932 61,392
Total revenue 1,181,982 1,084,993 2,339,004 2,145,816
EXPENSES:        
Property operating 92,630 92,024 187,577 177,568
Depreciation and amortization 287,214 273,537 567,708 544,872
Real estate taxes 99,396 91,014 193,699 180,757
Repairs and maintenance 21,656 21,604 51,421 45,943
Advertising and promotion 38,149 27,552 60,768 46,674
Provision for (recovery of) credit losses 2,442 (495) 6,866 1,549
Home and regional office costs 44,958 36,956 80,246 71,850
General and administrative 15,599 15,421 30,454 29,930
Other 18,407 17,441 37,769 34,251
Total operating expenses 620,451 575,054 1,216,508 1,133,394
OPERATING INCOME 561,531 509,939 1,122,496 1,012,422
Interest expense (254,930) (266,229) (509,164) (537,535)
Income and other taxes (6,626) (8,959) (13,489) (22,074)
Income from unconsolidated entities 55,764 56,310 112,842 110,248
Gain upon acquisition of controlling interests and sale or disposal of assets and interests in unconsolidated entities, net 133,870 68,068 136,525 74,683
Consolidated income from continuing operations 489,609 359,129 849,210 637,744
Discontinued operations 26,022 41,396 67,524 97,249
Discontinued operations transaction expenses (38,163)   (38,163)  
CONSOLIDATED NET INCOME 477,468 400,525 878,571 734,993
Net income attributable to noncontrolling interests 70,047 59,755 128,667 110,250
Preferred dividends 834 834 1,669 1,669
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS 406,587 339,936 748,235 623,074
BASIC EARNINGS PER COMMON SHARE:        
Income from continuing operations (in dollars per share) $ 1.34 $ 0.99 $ 2.33 $ 1.74
Discontinued operations (in dollars per share) $ (0.03) $ 0.11 $ 0.08 $ 0.27
Net income attributable to common stockholders (in dollars per share) $ 1.31 $ 1.10 $ 2.41 $ 2.01
DILUTED EARNINGS PER COMMON SHARE:        
Income from continuing operations (in dollars per share) $ 1.34 $ 0.99 $ 2.33 $ 1.74
Discontinued operations (in dollars per share) $ (0.03) $ 0.11 $ 0.08 $ 0.27
Net income attributable to common stockholders (in dollars per share) $ 1.31 $ 1.10 $ 2.41 $ 2.01
Consolidated Net Income 477,468 400,525 878,571 734,993
Unrealized (loss) gain on derivative hedge agreements (8) (1,796) (7,541) 5,275
Net loss reclassified from accumulated other comprehensive income into earnings 2,577 2,566 5,274 4,076
Currency translation adjustments 4,046 (22,960) 17,779 (21,912)
Changes in available-for-sale securities and other 202 (631) 682 (815)
Comprehensive income 484,285 377,704 894,765 721,617
Comprehensive income attributable to noncontrolling interests 71,020 56,526 130,802 108,302
Comprehensive income attributable to common stockholders $ 413,265 $ 321,178 $ 763,963 $ 613,315