XML 24 R77.htm IDEA: XBRL DOCUMENT v2.4.0.6
Segment Reporting (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 12 Months Ended
Sep. 30, 2011
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Summary of information for reportable segments        
Rental income   $ 863,864 $ 510,311 $ 427,197
Resident fees and services   456,085 51,006 0
Interest income   41,070 40,855 40,885
Other income   11,295 7,245 7,788
Total revenues   1,372,314 609,417 475,870
Property operating expenses   378,578 78,463 41,689
Net Operating Income from continuing operations   993,736 [1] 530,954 [1] 434,181 [1]
Interest expense   307,529 141,148 86,632
General and administrative   77,201 54,626 49,691
Transaction costs (18,835) 70,224 46,660 0
Depreciation and amortization   404,552 172,876 125,538
Loss (gain) on extinguishment of debt   979 (34,171) (25,107)
Provision for loan losses (28,918) 2,010 29,684 23,261
Income from continuing operations before income taxes and income from unconsolidated entities   133,199 51,789 123,952
Total assets   14,924,606 9,451,734  
Medical Facilities [Member]
       
Summary of information for reportable segments        
Rental income   293,189 [2] 203,578 [2] 159,078 [2]
Resident fees and services   0 [2] 0 [2] 0 [2]
Interest income   7,002 [2] 4,679 [2] 4,940 [2]
Other income   3,985 [2] 985 [2] 1,309 [2]
Total revenues   304,176 [2] 209,242 [2] 165,327 [2]
Property operating expenses   (64,436) [2] (45,842) [2] (41,689) [2]
Net Operating Income from continuing operations   239,740 [1],[2] 163,400 [1],[2] 123,638 [1],[2]
Interest expense   (27,539) [2] (20,261) [2] (15,272) [2]
General and administrative   0 [2] 0 [2] 0 [2]
Transaction costs   (5,903) [2] (5,112) [2] 0 [2]
Depreciation and amortization   (101,866) [2] (70,122) [2] (55,172) [2]
Loss (gain) on extinguishment of debt   0 [2] (1,308) [2] (3,781) [2]
Provision for loan losses   (2,010) [2] 0 [2] 0 [2]
Income from continuing operations before income taxes and income from unconsolidated entities   102,422 [2] 66,597 [2] 49,413 [2]
Total assets   3,795,940 [2] 3,389,441 [2]  
Non Segment Corporate [Member]
       
Summary of information for reportable segments        
Rental income   0 0 0
Resident fees and services   0 0 0
Interest income   0 0 0
Other income   690 2,874 1,170
Total revenues   690 2,874 1,170
Property operating expenses   0 0 0
Net Operating Income from continuing operations   690 [1] 2,874 [1] 1,170 [1]
Interest expense   (228,884) (113,129) (76,566)
General and administrative   (77,201) (54,626) (49,691)
Transaction costs   0 0 0
Depreciation and amortization   0 0 0
Loss (gain) on extinguishment of debt   0 (25,072) (19,269)
Provision for loan losses   0 0 0
Income from continuing operations before income taxes and income from unconsolidated entities   (305,395) (189,953) (144,356)
Total assets   263,475 224,981  
Senior Housing Facilities Operating [Member]
       
Summary of information for reportable segments        
Rental income   0 0 0
Resident fees and services   456,085 51,006 0
Interest income   0 0 0
Other income   0 0 0
Total revenues   456,085 51,006 0
Property operating expenses   (314,142) (32,621) 0
Net Operating Income from continuing operations   141,943 [1] 18,385 [1] 0 [1]
Interest expense   (46,342) (7,794) 0
General and administrative   0 0 0
Transaction costs   (36,328) (20,936) 0
Depreciation and amortization   (138,192) (15,504) 0
Loss (gain) on extinguishment of debt   979 0 0
Provision for loan losses   0 0 0
Income from continuing operations before income taxes and income from unconsolidated entities   (77,940) (25,849) 0
Total assets   3,041,238 1,080,416  
Senior Housing Facilities Triple Net [Member]
       
Summary of information for reportable segments        
Rental income   570,675 306,733 268,119
Resident fees and services   0 0 0
Interest income   34,068 36,176 35,945
Other income   6,620 3,386 5,309
Total revenues   611,363 346,295 309,373
Property operating expenses   0 0 0
Net Operating Income from continuing operations   611,363 [1] 346,295 [1] 309,373 [1]
Interest expense   (4,764) 36 5,206
General and administrative   0 0 0
Transaction costs   (27,993) (20,612) 0
Depreciation and amortization   (164,494) (87,250) (70,366)
Loss (gain) on extinguishment of debt   0 (7,791) (2,057)
Provision for loan losses   0 (29,684) (23,261)
Income from continuing operations before income taxes and income from unconsolidated entities   414,112 200,994 218,895
Total assets   $ 7,823,953 $ 4,756,896  
[1] Net operating income from continuing operations (“NOI”) is used to evaluate the operating performance of our properties. We define NOI as total revenues, including tenant reimbursements, less property level operating expenses, which exclude depreciation and amortization, general and administrative expenses, impairments and interest expense. We believe NOI provides investors relevant and useful information because it measures the operating performance of our properties at the property level on an unleveraged basis. We use NOI to make decisions about resource allocations and to assess the property level performance of our properties.
[2] Excludes income and expense amounts related to our properties held in unconsolidated entities. Please see Note 7 for additional information