v2.4.0.6
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Rental income:      
Triple-net leased $ 652,577 $ 461,709 $ 452,536
Medical office buildings 167,003 69,747 35,922
Total rental income 819,580 531,456 488,458
Resident fees and services 873,308 446,301 421,058
Medical office building and other services revenue 36,471 14,098 0
Income from loans and investments 34,415 16,412 13,107
Interest and other income 1,217 484 842
Total revenues 1,764,991 1,008,751 923,465
Expenses:      
Interest 236,807 175,631 173,810
Depreciation and amortization 456,590 203,762 197,298
Property-level operating expenses:      
Senior living 593,977 291,831 290,045
Medical office buildings 57,584 24,122 12,768
Total property-level operating expenses 651,561 315,953 302,813
Medical office building services costs 27,082 9,518 0
General, administrative and professional fees 74,537 49,830 38,830
Loss on extinguishment of debt 27,604 9,791 6,080
Litigation proceeds, net (202,259) 0 0
Merger-related expenses and deal costs 153,923 19,243 13,015
Other 8,653 272 50
Total expenses 1,434,498 784,000 731,896
Income before loss from unconsolidated entities, income taxes, discontinued operations and noncontrolling interest 330,493 224,751 191,569
Loss from unconsolidated entities (52) (664) 0
Income tax benefit (expense) 31,137 (5,201) 1,719
Income from continuing operations 361,578 218,886 193,288
Discontinued operations 1,683 30,843 76,072
Net income 363,261 249,729 269,360
Net (loss) income attributable to noncontrolling interest (net of tax of $0, $2,271 and $1,740 for the years ended December 31, 2011, 2010 and 2009, respectively) (1,232) 3,562 2,865
Net income (loss) attributable to common stockholders $ 364,493 $ 246,167 $ 266,495
Basic:      
Income from continuing operations attributable to common stockholders (in dollars per share) $ 1.59 $ 1.37 $ 1.25
Discontinued operations (in dollars per share) $ 0.01 $ 0.20 $ 0.50
Net income attributable to common stockholders (in dollars per share) $ 1.60 $ 1.57 $ 1.75
Diluted:      
Income from continuing operations attributable to common stockholders (in dollars per share) $ 1.57 $ 1.36 $ 1.24
Discontinued operations (in dollars per share) $ 0.01 $ 0.20 $ 0.50
Net income attributable to common stockholders (in dollars per share) $ 1.58 $ 1.56 $ 1.74
Weighted average shares used in computing earnings per common share:      
Basic (in shares) 228,453 156,608 152,566
Diluted (in shares) 230,790 157,657 152,758