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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Lease revenues:        
Rental income $ 75,368 $ 69,075 $ 218,451 $ 198,473
Interest income from direct financing leases 14,614 14,386 43,519 41,470
Total lease revenues 89,982 83,461 261,970 239,943
Other real estate income 10,792 12,686 37,281 36,755
Other operating income 7,604 7,839 22,175 29,404
Other interest income 1,698 4,216 5,061 10,518
Gross Revenues 110,076 108,202 326,487 316,620
Operating Expenses        
Depreciation and amortization 31,244 26,844 87,559 78,675
Impairment charges 29,183 0 29,183 1,023
Property expenses 17,591 17,704 53,967 54,042
Other real estate expenses 4,083 4,808 13,966 14,083
General and administrative 3,895 4,897 12,223 13,690
Acquisition expenses 1,446 0 6,786 643
Operating Expenses, Total 87,442 54,253 203,684 162,156
Other Income and Expenses        
Interest expense (25,048) (24,104) (75,027) (69,346)
Loss on extinguishment of debt (15,990) (5) (23,580) (275)
Equity in earnings (losses) of equity method investments in real estate 2,780 (1,078) 6,532 6,625
Other income and (expenses) 2,715 2,113 7,081 3,192
Gain on change in control of interests 0 0 49,922 0
Nonoperating income expense (35,543) (23,074) (35,072) (59,804)
(Loss) income before income taxes and gain on sale of real estate (12,909) 30,875 87,731 94,660
Provision for income taxes (2,333) (1,676) (6,530) (4,441)
(Loss) income before gain on sale of real estate (15,242) 29,199 81,201 90,219
Gain on sale of real estate, net of tax 82,287 0 132,702 2,197
Net Income 67,045 29,199 213,903 92,416
Net income attributable to noncontrolling interests (inclusive of Available Cash Distributions to a related party of $5,276, $5,837, $17,803, and $17,690, respectively) (8,827) (9,147) (28,404) (29,345)
Net income attributable to CPA:17 - Global $ 58,218 $ 20,052 $ 185,499 $ 63,071
Basic and Diluted Earnings Per Share (usd per share) $ 0.17 $ 0.06 $ 0.54 $ 0.19
Basic and Diluted Weighted-Average Shares Outstanding (shares) 343,209,362 335,668,313 341,325,683 333,523,528
Distributions Declared Per Share (usd per share) $ 0.1625 $ 0.1625 $ 0.4875 $ 0.4875