XML 86 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
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
Revenues      
Rental Income $ 231,577 $ 177,161 $ 124,425
Interest income from direct financing leases 53,757 53,549 48,474
Total lease revenues 285,334 230,710 172,899
Other real estate income 49,076 44,613 9,841
Other operating income 21,872 5,188 2,879
Other interest income 6,672 9,042 6,602
Gross Revenues 362,954 289,553 192,221
Operating Expenses      
Depreciation and amortization 93,947 69,104 42,965
Property expenses 52,244 31,342 19,206
Other real estate expenses 33,548 31,426 5,700
General and administrative 20,416 14,879 8,921
Acquisition expenses 16,884 14,834 7,664
Impairment charges 0 2,019 (70)
Operating Expenses, Total 217,039 163,604 84,386
Other Income and Expenses      
Net (loss) income from equity investments in real estate (7,917) 7,828 5,527
Other income and (expenses) 12,077 5,638 7,029
Interest expense (88,656) (72,271) (50,982)
Nonoperating income expense (84,496) (58,805) (38,426)
Income from continuing operations before income taxes 61,419 67,144 69,409
Benefit from (provision for) income taxes 263 (914) (1,047)
Income from continuing operations 61,682 66,230 68,362
Discontinued Operations      
Income from operations of discontinued properties, net of tax 483 1,183 1,306
Gain on sale of real estate, net of tax 7,987 740 778
Loss on extinguishment of debt, net of tax (983) 0 0
Income from discontinued operations, net of tax 7,487 1,923 2,084
Net Income 69,169 68,153 70,446
Net income attributable to noncontrolling interests (inclusive of Available Cash Distributions to advisor of $16,899, $14,620, and $9,378, respectively) (29,305) (26,542) (20,791)
Net income attributable to CPA:17 - Global 39,864 41,611 49,655
Earnings Per Share      
Income from continuing operations attributable to CPA:17 - Global (usd per share) $ 0.11 $ 0.16 $ 0.27
Income from discontinued operations attributable to CPA:17 - Global (usd per share) $ 0.02 $ 0.01 $ 0.01
Net income attributable to CPA:17 - Global (usd per share) $ 0.13 $ 0.17 $ 0.28
Weighted Average Shares Outstanding 313,010,828 249,283,354 175,271,595
Amounts Attributable To CPA:17 - Global      
Income from continuing operations, net of tax 32,377 39,688 47,571
Income from discontinued operations, net of tax 7,487 1,923 2,084
Net income attributable to CPA:17 - Global $ 39,864 $ 41,611 $ 49,655