XML 55 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues:        
Minimum rents $ 395,649 $ 390,402 $ 783,639 $ 787,177
Tenant recoveries 180,189 176,607 359,591 358,792
Overage rents 8,165 5,997 21,445 16,488
Management fees and other corporate revenues 21,652 14,235 37,823 29,587
Other 18,473 15,616 33,600 31,065
Total revenues 624,128 602,857 1,236,098 1,223,109
Expenses:        
Real estate taxes 59,127 60,541 116,918 119,331
Property maintenance costs 21,500 22,357 44,575 50,819
Marketing 7,512 6,059 14,441 12,345
Other property operating costs 97,271 94,616 188,252 187,243
(Recovery of) provision for doubtful accounts (688) 1,319 1,774 1,234
Property management and other costs 39,179 44,638 81,171 92,338
General and administrative 10,865 2,219 21,119 2,720
Depreciation and amortization 191,563 227,340 409,128 455,140
Total expenses 426,329 459,089 877,378 921,170
Operating income 197,799 143,768 358,720 301,939
Interest income 875 553 1,541 1,232
Interest expense (188,812) (236,476) (404,638) (456,097)
Warrant liability adjustment (146,588) (94,769) (289,700) (18,321)
Gain from change in control of investment properties 18,547   18,547  
Loss before income taxes, equity in income (loss) of Unconsolidated Real Estate Affiliates, discontinued operations and allocation to noncontrolling interests (118,179) (186,924) (315,530) (171,247)
Provision for income taxes (1,709) (887) (3,104) (3,928)
Equity in income (loss) of Unconsolidated Real Estate Affiliates 11,843 (9,433) 17,795 (12,366)
Loss from continuing operations (108,045) (197,244) (300,839) (187,541)
Discontinued operations 1,699 (4,869) 248 (7,638)
Net loss (106,346) (202,113) (300,591) (195,179)
Allocation to noncontrolling interests (1,590) (935) (4,957) (2,205)
Net loss attributable to common stockholders (107,936) (203,048) (305,548) (197,384)
Basic and Diluted Loss Per Share:        
Continuing operations (in dollars per share) $ (0.12) $ (0.21) $ (0.33) $ (0.20)
Discontinued operations (in dollars per share)   $ (0.01)   $ (0.01)
Total basic and diluted loss per share (in dollars per share) $ (0.12) $ (0.22) $ (0.33) $ (0.21)
Dividends declared per share (in dollars per share) $ 0.10 $ 0.10 $ 0.20 $ 0.20
Comprehensive Loss, Net:        
Net loss (106,346) (202,113) (300,591) (195,179)
Other comprehensive income:        
Net unrealized losses on financial instruments       (1)
Foreign currency translation (47,919) 42,678 (34,360) 42,880
Unrealized gains on available-for-sale securities 58 4 110 5
Other comprehensive (loss) income (47,861) 42,682 (34,250) 42,884
Comprehensive loss (154,207) (159,431) (334,841) (152,295)
Comprehensive loss allocated to noncontrolling interests (1,255) (1,235) (4,719) (2,506)
Comprehensive loss, net, attributable to common stockholders $ (155,462) $ (160,666) $ (339,560) $ (154,801)