v2.3.0.15

Segment Information (Tables)

9 Months Ended

Sep. 30, 2011

Segment Information [Abstract]

Summary information by business segment

For the three months ended September 30, 2011:

		Triple-Net				Senior
		Leased				Living				MOB				All
		Properties				Operations				Operations				Other				Total
		(In thousands)
Revenues:
Rental income		$	211,479			$	—			$	58,398			$	—			$	269,877
Resident fees and services			—				276,364				—				—				276,364
Medical office building and other services revenue			1,109				—				8,162				—				9,271
Income from loans and investments			—				—				—				10,072				10,072
Interest and other income			—				—				—				373				373
Total revenues		$	212,588			$	276,364			$	66,560			$	10,445			$	565,957
Total revenues		$	212,588			$	276,364			$	66,560			$	10,445			$	565,957
Less:
Interest and other income			—				—				—				373				373
Property-level operating expenses			—				188,856				20,305				—				209,161
Medical office building services costs			—				—				6,347				—				6,347
Segment NOI			212,588				87,508				39,908				10,072				350,076
Income from unconsolidated entities			121				—				61				—				182
Segment profit		$	212,709			$	87,508			$	39,969			$	10,072				350,258
Interest and other income																			373
Interest expense																			(73,756	)
Depreciation and amortization																			(161,027	)
General, administrative and professional fees																			(20,624	)
Loss on extinguishment of debt																			(8,685	)
Litigation proceeds, net																			85,327
Merger-related expenses and deal costs																			(69,350	)
Other																			(14,436	)
Income tax benefit																			13,904
Net income																		$	101,984

For the three months ended September 30, 2010:

		Triple-Net				Senior
		Leased				Living				MOB				All
		Properties				Operations				Operations				Other				Total
		(In thousands)
Revenues:
Rental income		$	117,906			$	—			$	22,817			$	—			$	140,723
Resident fees and services			—				113,182				—				—				113,182
Medical office building and other services revenue			—				—				6,711				—				6,711
Income from loans and investments			—				—				—				4,014				4,014
Interest and other income			—				—				—				35				35
Total revenues		$	117,906			$	113,182			$	29,528			$	4,049			$	264,665
Total revenues		$	117,906			$	113,182			$	29,528			$	4,049			$	264,665
Less:
Interest and other income			—				—				—				35				35
Property-level operating expenses			—				74,066				7,941				—				82,007
Medical office building services costs			—				—				4,633				—				4,633
Segment NOI			117,906				39,116				16,954				4,014				177,990
Loss from unconsolidated entities			—				—				(392	)			—				(392	)
Segment profit		$	117,906			$	39,116			$	16,562			$	4,014				177,598
Interest and other income																			35
Interest expense																			(45,519	)
Depreciation and amortization																			(52,104	)
General, administrative and professional fees																			(15,278	)
Merger-related expenses and deal costs																			(5,142	)
Other																			419
Income tax expense																			(1,657	)
Discontinued operations																			542
Net income																		$	58,894

For the nine months ended September 30, 2011:

		Triple-Net				Senior
		Leased				Living				MOB				All
		Properties				Operations				Operations				Other				Total
		(In thousands)
Revenues:
Rental income		$	450,211			$	—			$	106,392			$	—			$	556,603
Resident fees and services			—				593,348				—				—				593,348
Medical office building and other services revenue			1,109				—				24,941				—				26,050
Income from loans and investments			—				—				—				24,548				24,548
Interest and other income			—				—				—				529				529
Total revenues		$	451,320			$	593,348			$	131,333			$	25,077			$	1,201,078
Total revenues		$	451,320			$	593,348			$	131,333			$	25,077			$	1,201,078
Less:
Interest and other income			—				—				—				529				529
Property-level operating expenses			—				403,706				37,259				—				440,965
Medical office building services costs			—				—				19,837				—				19,837
Segment NOI			451,320				189,642				74,237				24,548				739,747
Income (loss) from unconsolidated entities			121				—				(192	)			—				(71	)
Segment profit		$	451,441			$	189,642			$	74,045			$	24,548				739,676
Interest and other income																			529
Interest expense																			(170,046	)
Depreciation and amortization																			(293,541	)
General, administrative and professional fees																			(51,010	)
Loss on extinguishment of debt																			(25,211	)
Litigation proceeds, net																			85,327
Merger-related expenses and deal costs																			(131,606	)
Other																			(6,664	)
Income tax benefit																			23,310
Net income																		$	170,764

For the nine months ended September 30, 2010:

		Triple-Net				Senior
		Leased				Living				MOB				All
		Properties				Operations				Operations				Other				Total
		(In thousands)
Revenues:
Rental income		$	351,625			$	—			$	47,246			$	—			$	398,871
Resident fees and services			—				331,535				—				—				331,535
Medical office building and other services revenue			—				—				6,711				—				6,711
Income from loans and investments			—				—				—				11,336				11,336
Interest and other income			—				—				—				420				420
Total revenues		$	351,625			$	331,535			$	53,957			$	11,756			$	748,873
Total revenues		$	351,625			$	331,535			$	53,957			$	11,756			$	748,873
Less:
Interest and other income			—				—				—				420				420
Property-level operating expenses			—				219,802				16,267				—				236,069
Medical office building services costs			—				—				4,633				—				4,633
Segment NOI			351,625				111,733				33,057				11,336				507,751
Loss from unconsolidated entities			—				—				(392	)			—				(392	)
Segment profit		$	351,625			$	111,733			$	32,665			$	11,336				507,359
Interest and other income																			420
Interest expense																			(133,449	)
Depreciation and amortization																			(154,458	)
General, administrative and professional fees																			(35,819	)
Loss on extinguishment of debt																			(6,549	)
Merger-related expenses and deal costs																			(11,668	)
Other																			404
Income tax expense																			(2,352	)
Discontinued operations																			7,139
Net income																		$	171,027

Assets by reportable business segment

		As of								As of
		September 30,								December 31,
		2011								2010
		(In thousands)
Assets:
Triple-net leased properties		$	8,652,706				50.3	%		$	2,474,612				43.0	%
Senior living operations			5,807,192				33.7				2,297,041				39.9
MOB operations			2,367,480				13.8				748,945				13.0
All other assets			378,392				2.2				237,423				4.1
Total assets		$	17,205,770				100.0	%		$	5,758,021				100.0	%

Capital expenditures

		For the Three Months								For the Nine Months
		Ended September 30,								Ended September 30,
		2011				2010				2011				2010
		(In thousands)
Capital expenditures:
Triple-net leased properties		$	68,604			$	211			$	69,831			$	12,303
Senior living operations			20,842				3,889				296,446				6,782
MOB operations			23,432				218,307				30,301				233,315
Total capital expenditures		$	112,878			$	222,407			$	396,578			$	252,400

Revenue

		For the Three Months								For the Nine Months
		Ended September 30,								Ended September 30,
		2011				2010				2011				2010
		(In thousands)
Revenues:
United States		$	542,533			$	246,358			$	1,132,047			$	695,252
Canada			23,424				18,307				69,031				53,621
Total revenues		$	565,957			$	264,665			$	1,201,078			$	748,873

Net real estate property

		As of				As of
		September 30,				December 31,
		2011				2010
		(In thousands)
Net real estate property:
United States		$	15,598,457			$	4,857,510
Canada			397,585				422,009
Total net real estate property		$	15,996,042			$	5,279,519

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 131

-Paragraph 32

-Subparagraph c

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 31

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 30

-Subparagraph (c)

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599

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