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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Real estate:    
Buildings and improvements $ 11,532,338 $ 11,239,732
Development costs and construction in progress 344,948 447,976
Land 1,808,210 1,785,865
Accumulated depreciation and amortization (2,826,325) (2,741,695)
Net real estate 10,859,171 10,731,878
Net investment in direct financing leases 713,463 714,352
Loans receivable, net 47,012 313,326
Investments in and advances to unconsolidated joint ventures 863,775 800,840
Accounts receivable, net of allowance of $4,516 and $4,425, respectively 51,468 40,733
Cash and cash equivalents 86,021 55,306
Restricted cash 31,947 26,897
Intangible assets, net 395,298 410,082
Assets held for sale, net 436,155 417,014
Other assets, net 583,261 578,033
Total assets 14,067,571 14,088,461
LIABILITIES AND EQUITY    
Bank line of credit 1,092,357 1,017,076
Term loan 236,878 228,288
Senior unsecured notes 6,398,976 6,396,451
Mortgage debt 143,524 144,486
Other debt 93,856 94,165
Intangible liabilities, net 52,576 52,579
Liabilities of assets held for sale, net 8,564 14,031
Accounts payable and accrued liabilities 391,942 401,738
Deferred revenue 167,975 144,709
Total liabilities 8,586,648 8,493,523
Commitments and contingencies
Common stock, $1.00 par value: 750,000,000 shares authorized; 469,725,220 and 469,435,678 shares issued and outstanding, respectively 469,725 469,436
Additional paid-in capital 8,183,166 8,226,113
Cumulative dividends in excess of earnings (3,425,293) (3,370,520)
Accumulated other comprehensive income (loss) (21,307) (24,024)
Total stockholders' equity 5,206,291 5,301,005
Joint venture partners 97,744 117,045
Non-managing member unitholders 176,888 176,888
Total noncontrolling interests 274,632 293,933
Total equity 5,480,923 5,594,938
Total liabilities and equity $ 14,067,571 $ 14,088,461