v2.4.0.8

Business Segments (Tables) | 9 Months Ended
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Sep. 30, 2014
Segment Reporting [Abstract] |
Segment Reporting, Reconciliation of Revenues, Operating Income and Assets | The following reconciliations are presented in thousands:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 324,877 |  |  | $ | 324,294 |  |  | $ | 1,025,349 |  |  | $ | 948,165 |
Europe |  |  | 20,422 |  |  |  | 26,199 |  |  |  | 57,083 |  |  |  | 154,961 |
Asia |  |  | 15,782 |  |  |  | 24,243 |  |  |  | 51,776 |  |  |  | 85,031 |
Total Real Estate Operations segment |  |  | 361,081 |  |  |  | 374,736 |  |  |  | 1,134,208 |  |  |  | 1,188,157 |
Strategic capital: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Americas |  |  | 18,567 |  |  |  | 18,357 |  |  |  | 80,457 |  |  |  | 49,972 |
Europe |  |  | 24,713 |  |  |  | 20,037 |  |  |  | 65,866 |  |  |  | 44,504 |
Asia |  |  | 10,790 |  |  |  | 9,928 |  |  |  | 29,391 |  |  |  | 31,089 |
Total Strategic Capital segment |  |  | 54,070 |  |  |  | 48,322 |  |  |  | 175,714 |  |  |  | 125,565 |
Total revenues |  | $ | 415,151 |  |  | $ | 423,058 |  |  | $ | 1,309,922 |  |  | $ | 1,313,722 |
Net operating income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 230,515 |  |  | $ | 225,664 |  |  | $ | 727,245 |  |  | $ | 658,458 |
Europe |  |  | 12,072 |  |  |  | 18,623 |  |  |  | 31,706 |  |  |  | 104,321 |
Asia |  |  | 11,302 |  |  |  | 17,268 |  |  |  | 37,469 |  |  |  | 60,882 |
Total Real Estate Operations segment |  |  | 253,889 |  |  |  | 261,555 |  |  |  | 796,420 |  |  |  | 823,661 |
Strategic capital: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Americas |  |  | 6,451 |  |  |  | 5,578 |  |  |  | 38,599 |  |  |  | 8,822 |
Europe |  |  | 17,791 |  |  |  | 14,115 |  |  |  | 43,600 |  |  |  | 28,516 |
Asia |  |  | 7,386 |  |  |  | 6,606 |  |  |  | 19,073 |  |  |  | 21,289 |
Total Strategic Capital segment |  |  | 31,628 |  |  |  | 26,299 |  |  |  | 101,272 |  |  |  | 58,627 |
Total segment net operating income |  |  | 285,517 |  |  |  | 287,854 |  |  |  | 897,692 |  |  |  | 882,288 |
Reconciling items: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
General and administrative expenses |  |  | (58,203 | ) |  |  | (55,034 | ) |  |  | (181,781 | ) |  |  | (166,140 | )
Depreciation and amortization |  |  | (149,202 | ) |  |  | (155,439 | ) |  |  | (471,059 | ) |  |  | (483,215 | )
Earnings from unconsolidated entities, net |  |  | 28,514 |  |  |  | 26,365 |  |  |  | 79,411 |  |  |  | 59,554 |
Interest expense |  |  | (69,086 | ) |  |  | (84,642 | ) |  |  | (234,793 | ) |  |  | (291,496 | )
Interest and other income, net |  |  | 550 |  |  |  | 5,653 |  |  |  | 19,716 |  |  |  | 21,772 |
Gains on acquisitions and dispositions of investments in real estate, net |  |  | 151,057 |  |  |  | 46,074 |  |  |  | 337,695 |  |  |  | 445,954 |
Foreign currency and derivative gains (losses) and related amortization, net |  |  | 20,792 |  |  |  | 6,875 |  |  |  | 2,738 |  |  |  | 15 |
Losses on early extinguishment of debt, net |  |  | (86,076 | ) |  |  | (114,196 | ) |  |  | (163,361 | ) |  |  | (164,155 | )
Total reconciling items |  |  | (161,654 | ) |  |  | (324,344 | ) |  |  | (611,434 | ) |  |  | (577,711 | )
Earnings (loss) before income taxes |  | $ | 123,863 |  |  | $ | (36,490 | ) |  | $ | 286,258 |  |  | $ | 304,577 |
|  | September 30, 2014 |  |  | December 31, 2013 |
Assets: |  |  |  |  |  |  |  |
Real estate operations: |  |  |  |  |  |  |  |
Americas |  | $ | 14,811,609 |  |  | $ | 16,293,109 |
Europe |  |  | 1,865,727 |  |  |  | 1,634,867 |
Asia |  |  | 870,852 |  |  |  | 1,176,774 |
Total Real Estate Operations segment |  |  | 17,548,188 |  |  |  | 19,104,750 |
Strategic capital (1): |  |  |  |  |  |  |  |
Americas |  |  | 20,954 |  |  |  | 22,154 |
Europe |  |  | 56,103 |  |  |  | 60,327 |
Asia |  |  | 2,861 |  |  |  | 3,634 |
Total Strategic Capital segment |  |  | 79,918 |  |  |  | 86,115 |
Total segment assets |  |  | 17,628,106 |  |  |  | 19,190,865 |
Reconciling items: |  |  |  |  |  |  |  |
Investments in and advances to unconsolidated entities |  |  | 5,814,056 |  |  |  | 4,430,239 |
Notes receivable backed by real estate and other |  |  | — |  |  |  | 192,042 |
Cash and cash equivalents |  |  | 311,879 |  |  |  | 491,129 |
Other assets |  |  | 318,062 |  |  |  | 268,032 |
Total reconciling items |  |  | 6,443,997 |  |  |  | 5,381,442 |
Total assets |  | $ | 24,072,103 |  |  | $ | 24,572,307 |
(1) | Represents management contracts recorded in connection with business combinations and goodwill associated with the Strategic Capital segment.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8721-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8736-108599 + Details
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