XML 69 R54.htm IDEA: XBRL DOCUMENT v3.5.0.2
Debt (Details)
$ in Thousands, £ in Millions
1 Months Ended 9 Months Ended
Oct. 17, 2016
USD ($)
Sep. 15, 2016
USD ($)
Feb. 01, 2016
USD ($)
Dec. 01, 2015
USD ($)
Jun. 08, 2015
USD ($)
May 20, 2015
USD ($)
Mar. 01, 2015
USD ($)
Jan. 21, 2015
USD ($)
Jul. 30, 2012
GBP (£)
Oct. 31, 2016
USD ($)
Jul. 31, 2016
Sep. 30, 2016
USD ($)
Sep. 30, 2016
GBP (£)
item
Sep. 30, 2016
USD ($)
item
Dec. 31, 2015
USD ($)
Jul. 30, 2012
USD ($)
Debt Instrument                                
Bank line of credit                           $ 1,372,032 $ 397,432  
Senior unsecured notes                           8,229,731 9,120,107  
Total debt before discount, net                           10,893,486    
(Discounts), premiums and debt costs, net                           (66,827)    
Debt instruments, carrying amount                           10,826,659    
Other debt                           93,876 $ 94,445  
Subsequent event                                
Debt Instrument                                
Debt Instrument, Interest Rate, Stated Percentage (as a percent)                   9.00%            
Maturity period of debt instruments                   5 years            
Debt maturing in 2016                                
Debt Instrument                                
2016                           30,626    
Debt maturing in 2017                                
Debt Instrument                                
2017                           1,511,408    
Debt maturing in 2018                                
Debt Instrument                                
2018                           1,980,322    
Debt maturing in 2019                                
Debt Instrument                                
2019                           739,465    
Debt maturing in 2020                                
Debt Instrument                                
2020                           803,907    
Thereafter                                
Debt Instrument                                
Thereafter                           $ 5,827,758    
Line of Credit and Term Loan                                
Debt Instrument                                
Debt instrument, covenant debt to assets (as a percent)                         60.00% 60.00%    
Debt instrument, covenant secured debt to assets (as a percent)                         30.00% 30.00%    
Debt instrument, covenant unsecured debt to unencumbered assets (as a percent)                         60.00% 60.00%    
Debt instrument, covenant minimum fixed charge coverage ratio                         1.5 1.5    
Bank Line of Credit                                
Debt Instrument                                
Line of credit facility, maximum borrowing capacity                           $ 2,000,000    
Debt instrument, variable rate basis                       LIBOR        
Length of debt instrument extension period                       1 year        
Debt instrument, basis spread on variable rate (as a percent)                       1.05%        
Debt instrument, facility fee (as a percent)                       0.20%        
Line of credit facility additional aggregate amount, maximum                       $ 500,000        
Bank line of credit                           $ 1,400,000    
Weighted-average interest rate (as a percent)                         1.85% 1.85%    
Debt instrument, covenant net worth                   $ 6,500,000       $ 9,500,000    
Line of credit, portion denominated in GBP                         £ 275 357,000    
Total debt before discount, net                           1,372,032    
Debt instruments, carrying amount                           1,372,032    
Bank Line of Credit | Debt maturing in 2018                                
Debt Instrument                                
2018                           1,372,032    
Term loans                                
Debt Instrument                                
Term loans, portion denominated in GBP | £                         357      
Total debt before discount, net                           463,493    
(Discounts), premiums and debt costs, net                           (1,312)    
Debt instruments, carrying amount                           462,181    
Term loans | Debt maturing in 2017                                
Debt Instrument                                
2017                           177,867    
Term loans | Debt maturing in 2019                                
Debt Instrument                                
2019                           285,626    
2012 Term Loan                                
Debt Instrument                                
Extension option exercised                     1 year          
Debt Instrument, Face Amount                 £ 137             $ 178,000
Maturity period of debt instruments                 4 years              
2012 Term Loan | GBP LIBOR                                
Debt Instrument                                
Debt instrument, basis spread on variable rate (as a percent)                 1.40%              
Unsecured term loan, GBP LIBOR plus 0.975%                                
Debt Instrument                                
Debt Instrument, Face Amount                         £ 220 $ 286,000    
Maturity period of debt instruments                       4 years        
Unsecured term loan, GBP LIBOR plus 0.975% | GBP LIBOR                                
Debt Instrument                                
Debt instrument, basis spread on variable rate (as a percent)                       1.15%        
Senior Unsecured Notes                                
Debt Instrument                                
Weighted-average interest rate (as a percent)                         4.63% 4.63%    
Senior unsecured notes                           $ 8,300,000    
Total debt before discount, net                           8,300,000    
(Discounts), premiums and debt costs, net                           (70,269)    
Debt instruments, carrying amount                           $ 8,229,731    
Weighted-average maturity                       6 years        
Senior Unsecured Notes | Minimum                                
Debt Instrument                                
Debt Instrument, Interest Rate, Stated Percentage (as a percent)                         2.79% 2.79%    
Senior Unsecured Notes | Maximum                                
Debt Instrument                                
Debt Instrument, Interest Rate, Stated Percentage (as a percent)                         6.88% 6.88%    
Senior Unsecured Notes | Debt maturing in 2017                                
Debt Instrument                                
2017                           $ 750,000    
Senior Unsecured Notes | Debt maturing in 2018                                
Debt Instrument                                
2018                           600,000    
Senior Unsecured Notes | Debt maturing in 2019                                
Debt Instrument                                
2019                           450,000    
Senior Unsecured Notes | Debt maturing in 2020                                
Debt Instrument                                
2020                           800,000    
Senior Unsecured Notes | Thereafter                                
Debt Instrument                                
Thereafter                           $ 5,700,000    
Senior Unsecured, 3.40% notes due 2025                                
Debt Instrument                                
Debt Instrument, Face Amount               $ 600,000                
Debt Instrument, Interest Rate, Stated Percentage (as a percent)               3.40%                
Net proceeds from issuance of senior unsecured notes               $ 591,000                
Senior Unsecured 4.0% notes due 2025                                
Debt Instrument                                
Debt Instrument, Face Amount           $ 750,000                    
Debt Instrument, Interest Rate, Stated Percentage (as a percent)           4.00%                    
Net proceeds from issuance of senior unsecured notes           $ 739,000                    
Senior Unsecured, 4.0% notes due 2022                                
Debt Instrument                                
Debt Instrument, Face Amount       $ 600,000                        
Debt Instrument, Interest Rate, Stated Percentage (as a percent)       4.00%                        
Net proceeds from issuance of senior unsecured notes       $ 594,000                        
Senior Unsecured Debt 3.75 Percent Incepted February 1 2016 [Member]                                
Debt Instrument                                
Debt Instrument, Interest Rate, Stated Percentage (as a percent)     3.75%                          
Repayment of senior unsecured notes     $ 500,000                          
Senior Unsecured Debt 6.30 Percent Incepted September 15 2016[Member]                                
Debt Instrument                                
Debt Instrument, Interest Rate, Stated Percentage (as a percent)   6.30%                            
Repayment of senior unsecured notes   $ 400,000                            
Senior Unsecured Debt 6.0 Percent Incepted March 1, 2015                                
Debt Instrument                                
Debt Instrument, Interest Rate, Stated Percentage (as a percent)             6.00%                  
Repayment of senior unsecured notes             $ 200,000                  
Senior Unsecured Debt 7.07 Percent Incepted June 8, 2015 [Member]                                
Debt Instrument                                
Debt Instrument, Interest Rate, Stated Percentage (as a percent)         7.072%                      
Repayment of senior unsecured notes         $ 200,000                      
Senior secured notes                                
Debt Instrument                                
Weighted-average interest rate (as a percent)                         5.79% 5.79%    
Number of healthcare facilities used to secure debt | item                         46 46    
Debt instrument, collateral, healthcare facilities carrying value                           $ 1,100,000    
Total debt before discount, net                           757,961    
(Discounts), premiums and debt costs, net                           4,754    
Debt instruments, carrying amount                           $ 762,715    
Weighted-average maturity                       5 years        
Senior secured notes | Subsequent event | QCP                                
Debt Instrument                                
Debt Instrument, Interest Rate, Stated Percentage (as a percent) 8.125%                              
Interest expense $ 2,000                              
Senior secured notes | Minimum                                
Debt Instrument                                
Debt Instrument, Interest Rate, Stated Percentage (as a percent)                         3.05% 3.05%    
Senior secured notes | Maximum                                
Debt Instrument                                
Debt Instrument, Interest Rate, Stated Percentage (as a percent)                         8.20% 8.20%    
Senior secured notes | Debt maturing in 2016                                
Debt Instrument                                
2016                           $ 30,626    
Senior secured notes | Debt maturing in 2017                                
Debt Instrument                                
2017                           583,541    
Senior secured notes | Debt maturing in 2018                                
Debt Instrument                                
2018                           8,290    
Senior secured notes | Debt maturing in 2019                                
Debt Instrument                                
2019                           3,839    
Senior secured notes | Debt maturing in 2020                                
Debt Instrument                                
2020                           3,907    
Senior secured notes | Thereafter                                
Debt Instrument                                
Thereafter                           127,758    
Non-interest Bearing Life Care Bonds                                
Debt Instrument                                
Other debt                           $ 66,000    
Number of CCRC issuing non-interest life care bonds | item                         2 2    
Number of facilities with non-interest bearing occupancy fee deposits | item                         3 3    
Demand Note                                
Debt Instrument                                
Debt Instrument, Interest Rate, Stated Percentage (as a percent)                         4.50% 4.50%    
Other debt                           $ 28,000