XML 99 R69.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Income (Detail) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues                      
Rent billed                 $ 123,080 $ 108,735 $ 80,270
Straight-line rent                 7,982 5,379 1,165
Income from direct financing leases                 21,728    
Interest and fee income                 48,607 21,370 26,589
Total revenues 57,407 53,315 49,408 41,267 34,417 34,282 34,776 32,009 201,397 135,484 108,024
Expenses                      
Real estate depreciation and amortization                 33,545 30,896 20,897
Impairment charge                     12,000
Property-related                 1,495 738 4,381
Acquisition expenses                 5,420 4,184 2,026
General and administrative                 28,582 27,219 26,509
Total operating expenses                 69,042 63,037 65,813
Operating income                 132,355 72,447 42,211
Other income (expense)                      
Interest and other (expense) income                 (1,662) 18 1,473
Earnings from equity and other interests                 2,943 78 45
Debt refinancing costs                   (14,214) (6,716)
Interest expense                 (58,243) (43,810) (33,984)
Net other expense                 (56,962) (57,928) (39,182)
Income (loss) from continuing operations 23,894 23,221 19,358 8,920 6,296 (2,170) 2,559 7,834 75,393 14,519 3,029
Income (loss) from discontinued operations 4,709 8,287 2 1,686 6,444 2,638 123 2,990 14,684 12,195 19,983
Net income 28,603 31,508 19,360 10,606 12,740 468 2,682 10,824 90,077 26,714 23,012
Net income (loss) attributable to non-controlling interests                 (177) (178) (99)
Net income attributable to MPT common stockholders 28,556 31,464 19,316 10,564 12,692 424 2,640 10,780 89,900 26,536 22,913
Medical Properties Trust, Inc.
                     
Expenses                      
General and administrative                   17 75
Total operating expenses                   17 75
Operating income                   (17) (75)
Other income (expense)                      
Income (loss) from continuing operations                   (17) (75)
Equity in earnings of consolidated subsidiaries net of income taxes                 90,077 26,731 23,087
Net income                 90,077 26,714 23,012
Net income (loss) attributable to non-controlling interests                 (177) (178) (99)
Net income attributable to MPT common stockholders                 89,900 26,536 22,913
Subsidiary Issuers
                     
Revenues                      
Interest and fee income                 18,341 6,124 6,964
Total revenues                 18,341 6,124 6,964
Expenses                      
Property-related                 495 217 (4)
Acquisition expenses                 5,420 3,713 2,026
General and administrative                 26,018 23,914 25,841
Total operating expenses                 31,933 27,844 27,863
Operating income                 (13,592) (21,720) (20,899)
Other income (expense)                      
Interest and other (expense) income                 (69) 26 (14)
Debt refinancing costs                   (14,109) (6,716)
Interest expense                 (58,729) (43,063) (33,623)
Net other expense                 (58,798) (57,146) (40,353)
Income (loss) from continuing operations                 (72,390) (78,866) (61,252)
Equity in earnings of consolidated subsidiaries net of income taxes                 162,467 105,597 84,339
Net income                 90,077 26,731 23,087
Net income (loss) attributable to non-controlling interests                 (177) (178) (99)
Net income attributable to MPT common stockholders                 89,900 26,553 22,988
Subsidiary Guarantors
                     
Revenues                      
Rent billed                 115,770 102,541 74,281
Straight-line rent                 6,500 3,617 131
Income from direct financing leases                 19,870    
Interest and fee income                 29,610 17,556 17,225
Total revenues                 171,750 123,714 91,637
Expenses                      
Real estate depreciation and amortization                 31,845 29,238 19,282
Property-related                 834 472 4,375
Total operating expenses                 32,679 29,710 23,657
Operating income                 139,071 94,004 67,980
Other income (expense)                      
Interest and other (expense) income                   2 3
Earnings from equity and other interests                 1,061 345  
Debt refinancing costs                   (105)  
Interest expense                 1,408 139 (358)
Net other expense                 2,469 381 (355)
Income (loss) from continuing operations                 141,540 94,385 67,625
Income (loss) from discontinued operations                 102 (1,970) 896
Equity in earnings of consolidated subsidiaries net of income taxes                 4,481 4,578 4,273
Net income                 146,123 96,993 72,794
Net income attributable to MPT common stockholders                 146,123 96,993 72,794
Non-Guarantor Subsidiaries
                     
Revenues                      
Rent billed                 16,619 9,286 7,019
Straight-line rent                 1,482 1,762 1,034
Income from direct financing leases                 18,090    
Interest and fee income                 25,387 3,926 9,914
Total revenues                 61,578 14,974 17,967
Expenses                      
Real estate depreciation and amortization                 1,700 1,658 1,615
Impairment charge                     12,000
Property-related                 25,707 3,141 1,040
Acquisition expenses                   471  
General and administrative                 2,564 3,288 593
Total operating expenses                 29,971 8,558 15,248
Operating income                 31,607 6,416 2,719
Other income (expense)                      
Interest and other (expense) income                 (1,593) (10) 1,484
Earnings from equity and other interests                 1,882 (267) 45
Interest expense                 (25,653) (7,122) (7,517)
Net other expense                 (25,364) (7,399) (5,988)
Income (loss) from continuing operations                 6,243 (983) (3,269)
Income (loss) from discontinued operations                 14,582 14,165 19,087
Net income                 20,825 13,182 15,818
Net income attributable to MPT common stockholders                 20,825 13,182 15,818
Eliminations
                     
Revenues                      
Rent billed                 (9,309) (3,092) (1,030)
Income from direct financing leases                 (16,232)    
Interest and fee income                 (24,731) (6,236) (7,514)
Total revenues                 (50,272) (9,328) (8,544)
Expenses                      
Property-related                 (25,541) (3,092) (1,030)
Total operating expenses                 (25,541) (3,092) (1,030)
Operating income                 (24,731) (6,236) (7,514)
Other income (expense)                      
Interest expense                 24,731 6,236 7,514
Net other expense                 24,731 6,236 7,514
Equity in earnings of consolidated subsidiaries net of income taxes                 (257,025) (136,906) (111,699)
Net income                 (257,025) (136,906) (111,699)
Net income (loss) attributable to non-controlling interests                 177 178 99
Net income attributable to MPT common stockholders                 (256,848) (136,728) (111,600)
Total Consolidated
                     
Revenues                      
Rent billed                 123,080 108,735 80,270
Straight-line rent                 7,982 5,379 1,165
Income from direct financing leases                 21,728    
Interest and fee income                 48,607 21,370 26,589
Total revenues                 201,397 135,484 108,024
Expenses                      
Real estate depreciation and amortization                 33,545 30,896 20,897
Impairment charge                     12,000
Property-related                 1,495 738 4,381
Acquisition expenses                 5,420 4,184 2,026
General and administrative                 28,582 27,219 26,509
Total operating expenses                 69,042 63,037 65,813
Operating income                 132,355 72,447 42,211
Other income (expense)                      
Interest and other (expense) income                 (1,662) 18 1,473
Earnings from equity and other interests                 2,943 78 45
Debt refinancing costs                   (14,214) (6,716)
Interest expense                 (58,243) (43,810) (33,984)
Net other expense                 (56,962) (57,928) (39,182)
Income (loss) from continuing operations                 75,393 14,519 3,029
Income (loss) from discontinued operations                 14,684 12,195 19,983
Net income                 90,077 26,714 23,012
Net income (loss) attributable to non-controlling interests                 (177) (178) (99)
Net income attributable to MPT common stockholders                 $ 89,900 $ 26,536 $ 22,913