Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Summary Information for Reportable Segments

Summary information for the reportable segments (which excludes unconsolidated entities) is as follows (in thousands): 

Three Months Ended March 31, 2020:	Seniors Housing Operating			Triple-net			Outpatient Medical		Non-segment / Corporate			Total
Resident fees and services	$	849,972		$	—		$	—	$	—		$	849,972
Rental income	—			191,385		(1)	198,575		—			389,960
Interest income	104			14,671			466		—			15,241
Other income	1,052			1,673			288		416			3,429
Total revenues	851,128			207,729			199,329		416			1,258,602
Property operating expenses	607,871			13,302			60,608		—			681,781
Consolidated net operating income	243,257			194,427			138,721		416			576,821
Depreciation and amortization	146,774			57,694			70,333		—			274,801
Interest expense	16,434			2,852			4,808		117,913			142,007
General and administrative expenses	—			—			—		35,481			35,481
Loss (gain) on derivatives and financial instruments, net	—			7,651			—		—			7,651
Provision for loan losses	—			7,072			—		—			7,072
Impairment of assets	3,495			24,332			—		—			27,827
Other expenses	2,989			513			1,007		1,783			6,292
Income (loss) from continuing operations before income taxes and other items	73,565			94,313			62,573		(154,761		)	75,690
Income tax (expense) benefit	—			—			—		(5,442		)	(5,442		)
Income (loss) from unconsolidated entities	(11,024		)	5,796			1,536		—			(3,692		)
Gain (loss) on real estate dispositions, net	(149		)	49,637			213,336		—			262,824
Income (loss) from continuing operations	62,392			149,746			277,445		(160,203		)	329,380
Net income (loss)	$	62,392		$	149,746		$	277,445	$	(160,203	)	$	329,380
Total assets	$	15,691,090		$	9,200,458		$	7,722,679	$	308,801		$	32,923,028

⁽¹⁾ During the three months ended March 31, 2020, we wrote off straight-line rent receivables of $32,268,000 recorded in rental income in conjunction with an amended lease.

Three Months Ended March 31, 2019:	Seniors Housing Operating			Triple-net			Outpatient Medical			Non-segment / Corporate			Total
Resident fees and services	$	868,285		$	—		$	—		$	—		$	868,285
Rental income	—			232,032			149,052			—			381,084
Interest income	—			14,946			173			—			15,119
Other income	4,101			1,263			236			2,157			7,757
Total revenues	872,386			248,241			149,461			2,157			1,272,245
Property operating expenses	607,686			14,955			48,166			—			670,807
Consolidated net operating income	264,700			233,286			101,295			2,157			601,438
Depreciation and amortization	131,575			61,348			51,009			—			243,932
Interest expense	18,251			3,440			3,348			120,193			145,232
General and administrative expenses	—			—			—			35,282			35,282
Loss (gain) on derivatives and financial instruments, net	—			(2,487		)	—			—			(2,487		)
Loss (gain) on extinguishment of debt, net	—			—			—			15,719			15,719
Provision for loan losses	—			18,690			—			—			18,690
Other expenses	2,946			3,029			754			2,027			8,756
Income (loss) from continuing operations before income taxes and other items	111,928			149,266			46,184			(171,064		)	136,314
Income tax (expense) benefit	—			—			—			(2,222		)	(2,222		)
Income (loss) from unconsolidated entities	(16,580		)	5,658			1,723			—			(9,199		)
Gain (loss) on real estate dispositions, net	(160		)	167,574			(5		)	—			167,409
Income (loss) from continuing operations	95,188			322,498			47,902			(173,286		)	292,302
Net income (loss)	$	95,188		$	322,498		$	47,902		$	(173,286	)	$	292,302

Summary of Geographic Information

The following is a summary of geographic information for the periods presented (dollars in thousands): 

	Three Months Ended
	March 31, 2020				March 31, 2019
Revenues:	Amount(1)		%		Amount		%
United States	$	1,027,781	81.6	%	$	1,043,667	82.1	%
United Kingdom	117,882		9.4	%	112,418		8.8	%
Canada	112,939		9.0	%	116,160		9.1	%
Total	$	1,258,602	100.0	%	$	1,272,245	100.0	%
	As of
	March 31, 2020				December 31, 2019
Assets:	Amount		%		Amount		%
United States	$	27,431,135	83.3	%	$	27,513,911	82.4	%
United Kingdom	3,216,727		9.8	%	3,405,388		10.2	%
Canada	2,275,166		6.9	%	2,461,452		7.4	%
Total	$	32,923,028	100.0	%	$	33,380,751	100.0	%

⁽¹⁾ The United States, United Kingdom and Canada represent 77%, 10% and 13%, respectively, of our resident fees and services revenue stream for the three months ended March 31, 2020.