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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues        
Interest income $ 22,376 $ 35,055 $ 55,244 $ 81,125
Total revenues 372,366 573,439 879,879 1,121,498
Expenses        
Property operating expense 193,643 279,240 457,276 549,982
Interest expense 106,786 141,738 230,199 276,627
Investment and servicing expense 11,394 20,017 23,572 38,466
Transaction costs 75 318 496 2,822
Depreciation and amortization 134,905 109,382 271,763 220,734
Provision for loan loss 0 15,003 0 18,614
Impairment loss 2,001,557 84,695 2,388,825 110,317
Compensation expense—cash and equity-based 64,513 42,430 117,547 73,947
Compensation expense—carried interest and incentive fee (1,162) 1,146 (10,343) 2,418
Administrative expenses 20,405 20,146 53,163 42,840
Settlement loss 0 0 5,090 0
Total expenses 2,532,116 714,115 3,537,588 1,336,767
Other income (loss)        
Gain on sale of real estate 2,868 6,077 10,800 35,530
Other loss, net (173,030) (89,506) (176,501) (138,575)
Equity method losses (372,535) (259,288) (256,833) (225,225)
Equity method earnings (losses)—carried interest (2,324) 1,836 (20,735) 6,732
Loss from continuing operations before income taxes (2,704,771) (481,557) (3,100,978) (536,807)
Income tax expense (7,720) (2,585) (16,044) (3,783)
Loss from continuing operations (2,712,491) (484,142) (3,117,022) (540,590)
Income (loss) from discontinued operations (6,502) (504) (6,028) 25,789
Net loss (2,718,993) (484,646) (3,123,050) (514,801)
Net income (loss) attributable to noncontrolling interests:        
Redeemable noncontrolling interests 390 509 (158) 1,953
Investment entities (470,052) (13,414) (491,801) 36,574
Operating Company (225,057) (29,989) (264,658) (36,600)
Net loss attributable to Colony Capital, Inc. (2,024,274) (441,752) (2,366,433) (516,728)
Preferred stock dividends 18,516 27,138 37,990 54,275
Net loss attributable to common stockholders $ (2,042,790) $ (468,890) $ (2,404,423) $ (571,003)
Basic loss per share        
Loss from continuing operations per basic common share (in dollars per share) $ (4.33) $ (0.98) $ (5.06) $ (1.21)
Net loss per basic common share (in dollars per share) (4.33) (0.98) (5.06) (1.19)
Diluted loss per share        
Loss from continuing operations per diluted common share (in dollars per share) (4.33) (0.98) (5.06) (1.21)
Net loss per diluted common share (in dollars per share) $ (4.33) $ (0.98) $ (5.06) $ (1.19)
Weighted average number of shares        
Basic (in shares) 471,253 479,228 475,187 479,577
Diluted (in shares) 471,253 479,228 475,187 479,577
Dividends declared per common share (in dollars per share) $ 0 $ 0.11 $ 0.11 $ 0.22
Property operating income        
Revenues        
Income $ 293,816 $ 488,788 $ 719,232 $ 947,686
Fee income ($43,138, $33,267, $86,238 and $64,118 from affiliates, respectively)        
Revenues        
Income 43,540 35,433 87,045 66,461
Other income ($8,523, $11,339, $11,009 and $21,184 from affiliates, respectively)        
Revenues        
Income $ 12,634 $ 14,163 $ 18,358 $ 26,226