XML 17 R4.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues        
Interest income $ 14,816 $ 40,237 $ 70,060 $ 121,356
Total revenues 316,677 359,000 897,750 907,710
Expenses        
Property operating expense 108,393 80,877 309,553 248,714
Interest expense 71,849 74,592 213,947 236,756
Investment and servicing expense 30,532 8,605 47,897 39,215
Transaction costs 3,310 100 3,806 2,922
Depreciation and amortization 125,733 116,932 301,605 242,490
Provision for loan loss 0 17,233 0 35,847
Impairment loss 36,169 533,031 1,444,908 635,869
Compensation expense—cash and equity-based 53,780 85,800 169,192 157,283
Compensation expense—carried interest and incentive fee 912 10,846 (9,431) 13,264
Administrative expenses 23,500 21,968 75,246 63,404
Settlement loss 0 0 5,090 0
Total expenses 454,178 949,984 2,561,813 1,675,764
Other income (loss)        
Gain on sale of real estate 13,258 8,221 24,058 42,841
Other loss, net (12,979) (44,940) (199,320) (182,560)
Equity method earnings (losses) (62,998) 46,777 (319,831) (178,448)
Equity method earnings (losses)—carried interest 6,082 (474) (14,653) 6,258
Loss from continuing operations before income taxes (194,138) (581,400) (2,173,809) (1,079,963)
Income tax benefit (expense) 9,922 (10,096) (3,246) (11,723)
Loss from continuing operations (184,216) (591,496) (2,177,055) (1,091,686)
Income (loss) from discontinued operations (177,014) 25,654 (1,307,225) 11,043
Net loss (361,230) (565,842) (3,484,280) (1,080,643)
Net income (loss) attributable to noncontrolling interests:        
Redeemable noncontrolling interests (2,158) 364 (2,316) 2,317
Investment entities (149,154) 15,170 (640,955) 51,744
Operating Company (22,651) (53,560) (287,309) (90,160)
Net loss attributable to Colony Capital, Inc. (187,267) (527,816) (2,553,700) (1,044,544)
Preferred stock dividends 18,517 27,137 56,507 81,412
Net loss attributable to common stockholders $ (205,784) $ (554,953) $ (2,610,207) $ (1,125,956)
Basic loss per share        
Loss from continuing operations per basic common share (in dollars per share) $ (0.22) $ (1.16) $ (3.35) $ (2.30)
Net loss per basic common share (in dollars per share) (0.44) (1.16) (5.51) (2.35)
Diluted loss per share        
Loss from continuing operations per diluted common share (in dollars per share) (0.22) (1.16) (3.35) (2.30)
Net loss per diluted common share (in dollars per share) $ (0.44) $ (1.16) $ (5.51) $ (2.35)
Weighted average number of shares        
Basic (in shares) 471,739 479,776 474,081 479,412
Diluted (in shares) 471,739 479,776 474,081 479,412
Dividends declared per common share (in dollars per share) $ 0 $ 0.11 $ 0.11 $ 0.33
Property operating income        
Revenues        
Income $ 246,122 $ 168,858 $ 666,657 $ 543,978
Fee income        
Revenues        
Income 43,919 111,854 130,964 178,315
Fee income | Affiliated Entity        
Revenues        
Income 43,527 111,359 129,765 175,477
Other income        
Revenues        
Income 11,820 38,051 30,069 64,061
Other income | Affiliated Entity        
Revenues        
Income $ 5,528 $ 34,058 $ 16,537 $ 55,242