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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Rental income:        
Triple-net leased $ 167,870 $ 213,258 $ 358,511 $ 422,585
Office 192,392 186,240 386,560 372,135
Total rental income 360,262 399,498 745,071 794,720
Resident fees and services 518,989 460,243 1,033,742 924,431
Office building and other services revenue 4,289 3,179 7,617 6,585
Income from loans and investments 56,417 32,368 87,598 52,514
Interest and other income 2,347 202 11,981 683
Total revenues 942,304 895,490 1,886,009 1,778,933
Expenses        
Interest 113,029 113,572 224,392 222,376
Depreciation and amortization 223,634 224,108 456,784 441,891
Property-level operating expenses:        
Senior living 361,112 308,625 713,332 620,698
Office 60,301 57,205 120,994 114,119
Total property-level operating expenses 421,413 365,830 834,326 734,817
Office building services costs 534 552 649 1,290
General, administrative and professional fees 36,656 33,282 73,830 67,243
(Gain) loss on extinguishment of debt, net (93) 36 10,884 345
Merger-related expenses and deal costs 4,494 6,043 21,830 8,099
Other 3,527 1,848 6,647 3,036
Total expenses 803,194 745,271 1,629,342 1,479,097
Income before unconsolidated entities, income taxes, discontinued operations, real estate dispositions and noncontrolling interests 139,110 150,219 256,667 299,836
(Loss) income from unconsolidated entities (6,371) (106) (47,110) 3,044
Income tax benefit 734 2,159 3,976 5,304
Income from continuing operations 133,473 152,272 213,533 308,184
Discontinued operations 0 (23) (10) (76)
Gain on real estate dispositions 35,827 719 35,875 44,008
Net income 169,300 152,968 249,398 352,116
Net income attributable to noncontrolling interests 2,781 1,137 4,176 2,158
Net income attributable to common stockholders $ 166,519 $ 151,831 $ 245,222 $ 349,958
Basic:        
Income from continuing operations (in usd per share) $ 0.37 $ 0.43 $ 0.60 $ 0.87
Net income attributable to common stockholders (in usd per share) 0.47 0.43 0.69 0.99
Diluted:        
Income from continuing operations (in usd per share) 0.37 0.42 0.59 0.86
Net income attributable to common stockholders (in usd per share) $ 0.46 $ 0.42 $ 0.68 $ 0.98
Weighted average shares used in computing earnings per common share:        
Basic (in shares) 356,228 355,024 356,175 354,719
Diluted (in shares) 359,000 358,311 358,931 357,919
Dividends declared per common share (in usd per share) $ 0.79 $ 0.775 $ 1.58 $ 1.55