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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Rental income   $ 275,046 $ 412,147 $ 1,061,311 $ 1,178,817
Total revenues 1,036,874 1,266,133 3,483,951 3,858,484
Expenses:        
Property operating expenses 634,717 655,588 1,977,262 2,027,522
Depreciation and amortization 255,532 272,445 795,704 764,429
Interest expense 124,851 137,343 393,215 423,911
General and administrative expenses 31,003 31,019 100,546 100,042
Loss (gain) on derivatives and financial instruments, net 1,395 1,244 10,480 670
Loss (gain) on extinguishment of debt, net 33,004 65,824 33,253 81,543
Provision for loan losses 2,857 0 11,351 18,690
Impairment of assets 23,313 18,096 126,291 28,035
Other expenses 11,544 6,186 37,247 36,570
Total expenses 1,118,216 1,187,745 3,485,349 3,481,412
Income (loss) from continuing operations before income taxes and other items (81,342) 78,388 (1,398) 377,072
Income tax (expense) benefit (2,003) (3,968) (9,678) (7,789)
Income (loss) from unconsolidated entities (5,981) 3,262 (8,341) (14,986)
Gain (loss) on real estate dispositions, net 484,304 570,250 902,991 735,977
Income (loss) from continuing operations 394,978 647,932 883,574 1,090,274
Net income   394,978 647,932 883,574 1,090,274
Less: Net income (loss) attributable to noncontrolling interests [1] 69,393 58,056 68,459 82,166
Net income (loss) attributable to common stockholders $ 325,585 $ 589,876 $ 815,115 $ 1,008,108
Average number of common shares outstanding:        
Basic (in shares) 417,027 405,023 414,822 400,441
Diluted (in shares) 418,987 406,891 416,860 402,412
Basic:        
Income (loss) from continuing operations (in dollars per share) $ 0.95 $ 1.60 $ 2.13 $ 2.72
Net income (loss) attributable to common stockholders (in dollars per share) 0.78 1.46 1.96 2.52
Diluted:        
Income (loss) from continuing operations (in dollars per share) 0.94 1.59 2.12 2.71
Net income (loss) attributable to common stockholders (in dollars per share) [2] 0.77 1.45 1.94 2.51
Dividends declared and paid per common share (in dollars per share) $ 0.61 $ 0.87 $ 2.09 $ 2.61
Other comprehensive income (loss):        
Foreign currency translation gain (loss) $ 143,353 $ (100,837) $ (109,209) $ (76,241)
Gain (loss) on derivative and financial instruments designated as hedges recognized in OCI (145,512) 78,947 86,429 91,672
Total other comprehensive income (loss) (2,159) (21,890) (22,780) 15,431
Total comprehensive income (loss) 392,819 626,042 860,794 1,105,705
Less: Total comprehensive income (loss) attributable to noncontrolling interests [1] 76,847 53,220 59,991 85,504
Total comprehensive income (loss) attributable to common stockholders 315,972 572,822 800,803 1,020,201
Resident fees and services        
Revenues:        
Revenue from contract with customer 740,956 834,121 2,360,488 2,616,491
Interest income        
Revenues:        
Revenue from contract with customer 16,750 15,637 48,060 48,112
Other income        
Revenues:        
Revenue from contract with customer $ 4,122 $ 4,228 $ 14,092 $ 15,064
[1] Includes amounts attributable to redeemable noncontrolling interests.
[2] Includes adjustment to the numerator for income (loss) attributable to OP unitholders.