XML 21 R57.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATING INFORMATION (unaudited) (Details 2) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 12 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Dec. 31, 2013
Revenues:      
Rental income $ 353,069 $ 322,950  
Resident fees and services 371,061 339,170  
Medical office building and other services revenue 6,300 3,648  
Income from loans and investments 10,767 16,103  
Equity earnings in affiliates       
Interest and other income 273 1,038  
Total revenues 741,470 682,909  
Expenses:      
Interest 87,841 78,634  
Depreciation and amortization 193,594 175,468  
Property-level operating expenses 287,640 267,201  
Medical office building services costs 3,371 1,639  
General, administrative and professional fees 32,866 28,774  
Gain on extinguishment of debt, net (259) 0  
Merger-related expenses and deal costs 10,760 4,262  
Other 5,229 4,587  
Total expenses 621,042 560,565  
Income before income from unconsolidated entities, income taxes, discontinued operations, real estate dispositions and noncontrolling interest 120,428 122,344  
Income from unconsolidated entities 248 929  
Income tax expense (3,433) (1,744)  
Income from continuing operations 117,243 121,529  
Discontinued operations 3,031 (8,431)  
Gain on real estate dispositions, net 1,000 0  
Net income 121,274 113,098 454,889
Net income attributable to noncontrolling interest 227 905  
Net income attributable to common stockholders 121,047 112,193  
Ventas, Inc.
     
Revenues:      
Rental income 618 640  
Income from loans and investments 306 103  
Equity earnings in affiliates 126,085 116,077  
Interest and other income 152 37  
Total revenues 127,161 116,857  
Expenses:      
Interest (647) (467)  
Depreciation and amortization 1,422 1,077  
General, administrative and professional fees 1,887 (13)  
Gain on extinguishment of debt, net (3)    
Merger-related expenses and deal costs 1,753 2,749  
Other 707 40  
Total expenses 5,119 3,386  
Income before income from unconsolidated entities, income taxes, discontinued operations, real estate dispositions and noncontrolling interest 122,042 113,471  
Income tax expense (3,433) (1,745)  
Income from continuing operations 118,609 111,726  
Discontinued operations 1,438 467  
Gain on real estate dispositions, net 1,000    
Net income 121,047 112,193  
Net income attributable to noncontrolling interest 0 0  
Net income attributable to common stockholders 121,047 112,193  
Ventas Realty
     
Revenues:      
Rental income 69,755 [1] 69,287 [1]  
Income from loans and investments   294 [1]  
Interest and other income 5 [1] 5 [1]  
Total revenues 69,760 [1] 69,586 [1]  
Expenses:      
Interest 43,094 [1] 32,331 [1]  
Depreciation and amortization 7,653 [1] 7,216 [1]  
Property-level operating expenses 150 [1] 102 [1]  
General, administrative and professional fees 5,613 [1] 5,622 [1]  
Gain on extinguishment of debt, net 3 [1]    
Other 319 [1] 21 [1]  
Total expenses 56,832 [1] 45,292 [1]  
Income before income from unconsolidated entities, income taxes, discontinued operations, real estate dispositions and noncontrolling interest 12,928 [1] 24,294 [1]  
Income from unconsolidated entities 522 [1] 288 [1]  
Income from continuing operations 13,450 [1] 24,582 [1]  
Discontinued operations 556 [1] 428 [1]  
Gain on real estate dispositions, net 0 [1]    
Net income 14,006 [1] 25,010 [1]  
Net income attributable to noncontrolling interest 0 0  
Net income attributable to common stockholders 14,006 [1] 25,010 [1]  
Ventas Subsidiaries
     
Revenues:      
Rental income 282,696 253,023  
Resident fees and services 371,061 339,170  
Medical office building and other services revenue 6,300 3,648  
Income from loans and investments 10,461 15,706  
Equity earnings in affiliates 140 250  
Interest and other income 116 996  
Total revenues 670,774 612,793  
Expenses:      
Interest 45,394 46,770  
Depreciation and amortization 184,519 167,175  
Property-level operating expenses 287,490 267,099  
Medical office building services costs 3,371 1,639  
General, administrative and professional fees 25,366 23,165  
Gain on extinguishment of debt, net (259)    
Merger-related expenses and deal costs 9,007 1,513  
Other 4,203 4,526  
Total expenses 559,091 511,887  
Income before income from unconsolidated entities, income taxes, discontinued operations, real estate dispositions and noncontrolling interest 111,683 100,906  
Income from unconsolidated entities (274) 641  
Income tax expense   1  
Income from continuing operations 111,409 101,548  
Discontinued operations 1,037 (9,326)  
Gain on real estate dispositions, net 0    
Net income 112,446 92,222  
Net income attributable to noncontrolling interest 227 905  
Net income attributable to common stockholders 112,219 91,317  
Consolidated Eliminations
     
Revenues:      
Equity earnings in affiliates (126,225) (116,327)  
Total revenues (126,225) (116,327)  
Expenses:      
Income before income from unconsolidated entities, income taxes, discontinued operations, real estate dispositions and noncontrolling interest (126,225) (116,327)  
Income from continuing operations (126,225) (116,327)  
Gain on real estate dispositions, net 0    
Net income (126,225) (116,327)  
Net income attributable to noncontrolling interest 0 0  
Net income attributable to common stockholders $ (126,225) $ (116,327)  
[1] Certain of Ventas Realty’s outstanding senior notes were issued jointly with our 100% owned subsidiary, Ventas Capital Corporation, which has no assets or operations.