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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Rental income:      
Triple-net leased $ 840,131 $ 845,834 $ 779,801
Office 753,467 630,342 566,245
Total rental income 1,593,598 1,476,176 1,346,046
Resident fees and services 1,843,232 1,847,306 1,811,255
Office building and other services revenue 13,677 21,070 41,492
Income from loans and investments 117,608 98,094 86,553
Interest and other income 6,034 876 1,052
Total revenues 3,574,149 3,443,522 3,286,398
Expenses      
Interest 448,196 419,740 367,114
Depreciation and amortization 887,948 898,924 894,057
Property-level operating expenses:      
Senior living 1,250,065 1,242,978 1,209,415
Office 233,007 191,784 174,225
Property-level operating expenses 1,483,072 1,434,762 1,383,640
Office building services costs 3,391 7,311 26,565
General, administrative and professional fees 135,490 126,875 128,035
Loss on extinguishment of debt, net 754 2,779 14,411
Merger-related expenses and deal costs 10,535 24,635 102,944
Other 20,052 9,988 17,957
Total expenses 2,989,438 2,925,014 2,934,723
Income before unconsolidated entities, income taxes, discontinued operations, real estate dispositions and noncontrolling interests 584,711 518,508 351,675
(Loss) income from unconsolidated entities (561) 4,358 (1,420)
Income tax benefit 59,799 31,343 39,284
Income from continuing operations 643,949 554,209 389,539
Discontinued operations (110) (922) 11,103
Gain on real estate dispositions 717,273 98,203 18,580
Net income 1,361,112 651,490 419,222
Net income attributable to noncontrolling interests 4,642 2,259 1,379
Net income attributable to common stockholders $ 1,356,470 $ 649,231 $ 417,843
Basic:      
Income from continuing operations (USD per share) $ 1.81 $ 1.61 $ 1.18
Net income attributable to common stockholders (USD per share) 3.82 1.88 1.26
Diluted:      
Income from continuing operations (USD per share) 1.80 1.59 1.17
Net income attributable to common stockholders (USD per share) $ 3.78 $ 1.86 $ 1.25
Weighted average shares used in computing earnings per common share:      
Basic (in shares) 355,326 344,703 330,311
Diluted (in shares) 358,566 348,390 334,007