XML 56 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Rental income:    
Triple-net leased $ 213,763 $ 203,575
Medical office buildings 111,146 63,965
Total rental income 324,909 267,540
Resident fees and services 339,170 285,193
Medical office building and other services revenue 3,648 5,608
Income from loans and investments 16,103 8,036
Interest and other income 1,038 47
Total revenues 684,868 566,424
Expenses:    
Interest 79,600 68,130
Depreciation and amortization 179,017 160,421
Property-level operating expenses:    
Senior living 230,908 195,134
Medical office buildings 36,541 20,703
Total property-level operating expenses 267,449 215,837
Medical office building services costs 1,639 2,988
General, administrative and professional fees 28,774 22,198
Loss on extinguishment of debt, net 0 29,544
Merger-related expenses and deal costs 4,262 7,981
Other 4,587 1,576
Total expenses 565,328 508,675
Income before income from unconsolidated entities, income taxes, discontinued operations and noncontrolling interest 119,540 57,749
Income from unconsolidated entities 929 317
Income tax expense (1,744) (11,338)
Income from continuing operations 118,725 46,728
Discontinued operations (5,627) 43,364
Net income 113,098 90,092
Net income (loss) attributable to noncontrolling interest 905 (534)
Net income attributable to common stockholders $ 112,193 $ 90,626
Basic:    
Income from continuing operations attributable to common stockholders $ 0.40 $ 0.16
Discontinued operations $ (0.02) $ 0.15
Net income attributable to common stockholders $ 0.38 $ 0.31
Diluted:    
Income from continuing operations attributable to common stockholders $ 0.40 $ 0.16
Discontinued operations $ (0.02) $ 0.15
Net income attributable to common stockholders $ 0.38 $ 0.31
Weighted average shares used in computing earnings per common share:    
Basic 291,455 288,375
Diluted 293,924 290,813
Dividends declared per common share $ 0.67 $ 0.62