v2.4.0.6

Condensed Consolidating Information | 12 Months Ended
--- | ---
Dec. 31, 2012
Condensed Consolidating Information (Unaudited) |
Condensed Consolidating Information | Condensed Consolidating Information We have fully and unconditionally guaranteed the obligation to pay principal and interest with respect to the outstanding senior notes issued by the Ventas Issuers. Ventas Capital Corporation is a direct subsidiary of Ventas Realty that was formed in 2002 to facilitate offerings of senior notes and has no assets or operations. None of our other subsidiaries (excluding the Ventas Issuers, the “Ventas Subsidiaries”) is obligated with respect to the Ventas Issuers’ outstanding senior notes. In connection with the NHP acquisition, our 100% owned subsidiary, NHP LLC, as successor to NHP, assumed the obligation to pay principal and interest with respect to the outstanding senior notes issued by NHP. We, the Ventas Issuers and the Ventas Subsidiaries (other than NHP LLC) are not obligated with respect to any of NHP LLC’s outstanding senior notes. Contractual and legal restrictions, including those contained in the instruments governing our subsidiaries’ outstanding mortgage indebtedness, may under certain circumstances restrict our ability to obtain cash from our subsidiaries for the purpose of meeting our debt service obligations, including our guarantee of the payment of principal and interest on the Ventas Issuers’ senior notes. Certain of our real estate assets are also subject to mortgages. The following summarizes our condensed consolidating information as of December 31, 2012 and 2011 and for the years ended December 31, 2012, 2011, and 2010: CONDENSED CONSOLIDATING BALANCE SHEET As of December 31, 2012
| Ventas, Inc. |  | Ventas Issuers |  | Ventas Subsidiaries |  | Consolidated Elimination |  | Consolidated
| (In thousands)
Assets |  |  |  |  |  |  |  |  |
Net real estate investments | $ | 7,615 |  |  | $ | 412,362 |  |  | $ | 17,421,966 |  |  | $ | — |  |  | $ | 17,841,943 |
Cash and cash equivalents | 16,734 |  |  | — |  |  | 51,174 |  |  | — |  |  | 67,908 |
Escrow deposits and restricted cash | 7,565 |  |  | 1,952 |  |  | 96,396 |  |  | — |  |  | 105,913 |
Deferred financing costs, net | 757 |  |  | 34,047 |  |  | 7,747 |  |  | — |  |  | 42,551 |
Investment in and advances to affiliates | 10,343,664 |  |  | 1,867,251 |  |  | — |  |  | (12,210,915 | ) |  | — |
Other assets | 26,282 |  |  | 4,043 |  |  | 891,360 |  |  | — |  |  | 921,685 |
Total assets | $ | 10,402,617 |  |  | $ | 2,319,655 |  |  | $ | 18,468,643 |  |  | $ | (12,210,915 | ) |  | $ | 18,980,000 |
Liabilities and equity |  |  |  |  |  |  |  |  |
Liabilities: |  |  |  |  |  |  |  |  |
Senior notes payable and other debt | $ | — |  |  | $ | 4,570,296 |  |  | $ | 3,843,350 |  |  | $ | — |  |  | $ | 8,413,646 |
Intercompany loans | 3,425,082 |  |  | (4,126,391 | ) |  | 701,309 |  |  | — |  |  | — |
Accrued interest | — |  |  | 24,045 |  |  | 23,520 |  |  | — |  |  | 47,565 |
Accounts payable and other liabilities | 99,631 |  |  | 7,775 |  |  | 887,750 |  |  | — |  |  | 995,156 |
Deferred income taxes | 259,715 |  |  | — |  |  | — |  |  | — |  |  | 259,715 |
Total liabilities | 3,784,428 |  |  | 475,725 |  |  | 5,455,929 |  |  | — |  |  | 9,716,082 |
Redeemable OP unitholder and noncontrolling interests | — |  |  | — |  |  | 174,555 |  |  | — |  |  | 174,555 |
Total equity | 6,618,189 |  |  | 1,843,930 |  |  | 12,838,159 |  |  | (12,210,915 | ) |  | 9,089,363 |
Total liabilities and equity | $ | 10,402,617 |  |  | $ | 2,319,655 |  |  | $ | 18,468,643 |  |  | $ | (12,210,915 | ) |  | $ | 18,980,000 |
CONDENSED CONSOLIDATING BALANCE SHEET As of December 31, 2011
| Ventas, Inc. |  | Ventas Issuers |  | Ventas Subsidiaries |  | Consolidated Elimination |  | Consolidated
| (In thousands)
Assets |  |  |  |  |  |  |  |  |
Net real estate investments | $ | 309 |  |  | $ | 519,042 |  |  | $ | 15,712,261 |  |  | $ | — |  |  | $ | 16,231,612 |
Cash and cash equivalents | 2,335 |  |  | — |  |  | 43,472 |  |  | — |  |  | 45,807 |
Escrow deposits and restricted cash | 1,971 |  |  | 7,513 |  |  | 67,106 |  |  | — |  |  | 76,590 |
Deferred financing costs, net | 757 |  |  | 19,239 |  |  | 6,673 |  |  | — |  |  | 26,669 |
Investment in and advances to affiliates | 8,612,893 |  |  | 1,728,635 |  |  | — |  |  | (10,341,528 | ) |  | — |
Other assets | 54,415 |  |  | 47,063 |  |  | 789,754 |  |  | — |  |  | 891,232 |
Total assets | $ | 8,672,680 |  |  | $ | 2,321,492 |  |  | $ | 16,619,266 |  |  | $ | (10,341,528 | ) |  | $ | 17,271,910 |
Liabilities and equity |  |  |  |  |  |  |  |  |
Liabilities: |  |  |  |  |  |  |  |  |
Senior notes payable and other debt | $ | — |  |  | $ | 2,593,176 |  |  | $ | 3,835,940 |  |  | $ | — |  |  | $ | 6,429,116 |
Intercompany loans | 1,204,987 |  |  | (2,040,590 | ) |  | 835,603 |  |  | — |  |  | — |
Accrued interest | — |  |  | 12,561 |  |  | 25,133 |  |  | — |  |  | 37,694 |
Accounts payable and other liabilities | 86,101 |  |  | 18,162 |  |  | 981,334 |  |  | — |  |  | 1,085,597 |
Deferred income taxes | 260,722 |  |  | — |  |  | — |  |  | — |  |  | 260,722 |
Total liabilities | 1,551,810 |  |  | 583,309 |  |  | 5,678,010 |  |  | — |  |  | 7,813,129 |
Redeemable OP unitholder and noncontrolling interests | — |  |  | — |  |  | 102,837 |  |  | — |  |  | 102,837 |
Total equity | 7,120,870 |  |  | 1,738,183 |  |  | 10,838,419 |  |  | (10,341,528 | ) |  | 9,355,944 |
Total liabilities and equity | $ | 8,672,680 |  |  | $ | 2,321,492 |  |  | $ | 16,619,266 |  |  | $ | (10,341,528 | ) |  | $ | 17,271,910 |
CONDENSED CONSOLIDATING STATEMENT OF INCOME For the Year Ended December 31, 2012
| Ventas, Inc. |  | Ventas Issuers |  | Ventas Subsidiaries |  | Consolidated Elimination |  | Consolidated
| (In thousands)
Revenues: |  |  |  |  |  |  |  |  |
Rental income | $ | 2,538 |  |  | $ | 278,367 |  |  | $ | 913,155 |  |  | $ | — |  |  | $ | 1,194,060 |
Resident fees and services | — |  |  | — |  |  | 1,229,479 |  |  | — |  |  | 1,229,479 |
Medical office building and other services revenues | — |  |  | — |  |  | 20,741 |  |  | — |  |  | 20,741 |
Income from loans and investments | 2,944 |  |  | 1,630 |  |  | 35,339 |  |  | — |  |  | 39,913 |
Equity earnings in affiliates | 322,582 |  |  | — |  |  | 828 |  |  | (323,410 | ) |  | — |
Interest and other income | 476 |  |  | 25 |  |  | 605 |  |  | — |  |  | 1,106 |
Total revenues | 328,540 |  |  | 280,022 |  |  | 2,200,147 |  |  | (323,410 | ) |  | 2,485,299 |
Expenses: |  |  |  |  |  |  |  |  |
Interest | (3,858 | ) |  | 93,838 |  |  | 203,421 |  |  | — |  |  | 293,401 |
Depreciation and amortization | 2,777 |  |  | 36,608 |  |  | 686,596 |  |  | — |  |  | 725,981 |
Property-level operating expenses | — |  |  | 535 |  |  | 968,807 |  |  | — |  |  | 969,342 |
Medical office building services costs | — |  |  | — |  |  | 9,883 |  |  | — |  |  | 9,883 |
General, administrative and professional fees | 3,682 |  |  | 30,317 |  |  | 64,802 |  |  | — |  |  | 98,801 |
Loss (gain) on extinguishment of debt, net | — |  |  | 39,737 |  |  | (2,097 | ) |  | — |  |  | 37,640 |
Merger-related expenses and deal costs | 53,120 |  |  | — |  |  | 10,063 |  |  | — |  |  | 63,183 |
Other | 79 |  |  | — |  |  | 6,877 |  |  | — |  |  | 6,956 |
Total expenses | 55,800 |  |  | 201,035 |  |  | 1,948,352 |  |  | — |  |  | 2,205,187 |
Income from continuing operations before income from unconsolidated entities, income taxes, discontinued operations and noncontrolling interest | 272,740 |  |  | 78,987 |  |  | 251,795 |  |  | (323,410 | ) |  | 280,112 |
Income from unconsolidated entities | — |  |  | 1,557 |  |  | 16,597 |  |  | — |  |  | 18,154 |
Income tax benefit | 6,282 |  |  | — |  |  | — |  |  | — |  |  | 6,282 |
Income from continuing operations | 279,022 |  |  | 80,544 |  |  | 268,392 |  |  | (323,410 | ) |  | 304,548 |
Discontinued operations | 83,778 |  |  | 2,296 |  |  | (28,847 | ) |  | — |  |  | 57,227 |
Net income | 362,800 |  |  | 82,840 |  |  | 239,545 |  |  | (323,410 | ) |  | 361,775 |
Net loss attributable to noncontrolling interest | — |  |  | — |  |  | (1,025 | ) |  | — |  |  | (1,025 | )
Net income attributable to common stockholders | $ | 362,800 |  |  | $ | 82,840 |  |  | $ | 240,570 |  |  | $ | (323,410 | ) |  | $ | 362,800 |
CONDENSED CONSOLIDATING STATEMENT OF INCOME For the Year Ended December 31, 2011
| Ventas, Inc. |  | Ventas Issuers |  | Ventas Subsidiaries |  | Consolidated Elimination |  | Consolidated
| (In thousands)
Revenues: |  |  |  |  |  |  |  |  |
Rental income | $ | 2,471 |  |  | $ | 270,745 |  |  | $ | 530,239 |  |  | $ | — |  |  | $ | 803,455 |
Resident fees and services | — |  |  | — |  |  | 868,095 |  |  | — |  |  | 868,095 |
Medical office building and other services revenues | — |  |  | — |  |  | 36,471 |  |  | — |  |  | 36,471 |
Income from loans and investments | 6,305 |  |  | 8,570 |  |  | 19,540 |  |  | — |  |  | 34,415 |
Equity earnings in affiliates | 231,773 |  |  | — |  |  | 1,447 |  |  | (233,220 | ) |  | — |
Interest and other income | 208 |  |  | 57 |  |  | 952 |  |  | — |  |  | 1,217 |
Total revenues | 240,757 |  |  | 279,372 |  |  | 1,456,744 |  |  | (233,220 | ) |  | 1,743,653 |
Expenses: |  |  |  |  |  |  |  |  |
Interest | (1,897 | ) |  | 68,153 |  |  | 163,090 |  |  | — |  |  | 229,346 |
Depreciation and amortization | 1,714 |  |  | 31,752 |  |  | 414,198 |  |  | — |  |  | 447,664 |
Property-level operating expenses | — |  |  | 510 |  |  | 646,683 |  |  | — |  |  | 647,193 |
Medical office building services costs | — |  |  | — |  |  | 27,082 |  |  | — |  |  | 27,082 |
General, administrative and professional fees | (5,328 | ) |  | 29,336 |  |  | 50,529 |  |  | — |  |  | 74,537 |
Loss on extinguishment of debt, net | 2,071 |  |  | 8,769 |  |  | 16,764 |  |  | — |  |  | 27,604 |
Litigation proceeds, net | (202,259 | ) |  | — |  |  | — |  |  | — |  |  | (202,259 | )
Merger-related expenses and deal costs | 111,845 |  |  | — |  |  | 42,078 |  |  | — |  |  | 153,923 |
Other | 778 |  |  | — |  |  | 6,492 |  |  | — |  |  | 7,270 |
Total expenses | (93,076 | ) |  | 138,520 |  |  | 1,366,916 |  |  | — |  |  | 1,412,360 |
Income from continuing operations before income from unconsolidated entities, income taxes, discontinued operations and noncontrolling interest | 333,833 |  |  | 140,852 |  |  | 89,828 |  |  | (233,220 | ) |  | 331,293 |
Loss from unconsolidated entities | — |  |  | (52 | ) |  | — |  |  | — |  |  | (52 | )
Income tax benefit | 30,660 |  |  | — |  |  | — |  |  | — |  |  | 30,660 |
Income from continuing operations | 364,493 |  |  | 140,800 |  |  | 89,828 |  |  | (233,220 | ) |  | 361,901 |
Discontinued operations | — |  |  | 3,881 |  |  | (2,521 | ) |  | — |  |  | 1,360 |
Net income | 364,493 |  |  | 144,681 |  |  | 87,307 |  |  | (233,220 | ) |  | 363,261 |
Net loss attributable to noncontrolling interest | — |  |  | — |  |  | (1,232 | ) |  | — |  |  | (1,232 | )
Net income attributable to common stockholders | $ | 364,493 |  |  | $ | 144,681 |  |  | $ | 88,539 |  |  | $ | (233,220 | ) |  | $ | 364,493 |
CONDENSED CONSOLIDATING STATEMENT OF INCOME For the Year Ended December 31, 2010
| Ventas, Inc. |  | Ventas Issuers |  | Ventas Subsidiaries |  | Consolidated Elimination |  | Consolidated
| (In thousands)
Revenues: |  |  |  |  |  |  |  |  |
Rental income | $ | 2,409 |  |  | $ | 264,250 |  |  | $ | 256,680 |  |  | $ | — |  |  | $ | 523,339 |
Resident fees and services | — |  |  | — |  |  | 446,301 |  |  | — |  |  | 446,301 |
Medical office building and other services revenues | — |  |  | — |  |  | 14,098 |  |  | — |  |  | 14,098 |
Income from loans and investments | 5,666 |  |  | 7,789 |  |  | 2,957 |  |  | — |  |  | 16,412 |
Equity earnings in affiliates | 258,441 |  |  | — |  |  | 1,914 |  |  | (260,355 | ) |  | — |
Interest and other income | 332 |  |  | 83 |  |  | 69 |  |  | — |  |  | 484 |
Total revenues | 266,848 |  |  | 272,122 |  |  | 722,019 |  |  | (260,355 | ) |  | 1,000,634 |
Expenses: |  |  |  |  |  |  |  |  |
Interest | 1,758 |  |  | 47,246 |  |  | 123,470 |  |  | — |  |  | 172,474 |
Depreciation and amortization | 1,635 |  |  | 32,771 |  |  | 166,276 |  |  | — |  |  | 200,682 |
Property-level operating expenses | — |  |  | 519 |  |  | 315,434 |  |  | — |  |  | 315,953 |
Medical office building services costs | — |  |  | — |  |  | 9,518 |  |  | — |  |  | 9,518 |
General, administrative and professional fees | (2,549 | ) |  | 21,618 |  |  | 30,761 |  |  | — |  |  | 49,830 |
Loss on extinguishment of debt, net | — |  |  | 8,993 |  |  | 798 |  |  | — |  |  | 9,791 |
Merger-related expenses and deal costs | 14,291 |  |  | — |  |  | 4,952 |  |  | — |  |  | 19,243 |
Other | 219 |  |  | — |  |  | 53 |  |  | — |  |  | 272 |
Total expenses | 15,354 |  |  | 111,147 |  |  | 651,262 |  |  | — |  |  | 777,763 |
Income from continuing operations before income from unconsolidated entities, income taxes, discontinued operations and noncontrolling interest | 251,494 |  |  | 160,975 |  |  | 70,757 |  |  | (260,355 | ) |  | 222,871 |
Loss from unconsolidated entities | — |  |  | (664 | ) |  | — |  |  | — |  |  | (664 | )
Income tax expense | (5,201 | ) |  | — |  |  | — |  |  | — |  |  | (5,201 | )
Income from continuing operations | 246,293 |  |  | 160,311 |  |  | 70,757 |  |  | (260,355 | ) |  | 217,006 |
Discontinued operations | (126 | ) |  | 31,088 |  |  | 1,761 |  |  | — |  |  | 32,723 |
Net income | 246,167 |  |  | 191,399 |  |  | 72,518 |  |  | (260,355 | ) |  | 249,729 |
Net income attributable to noncontrolling interest, net of tax | — |  |  | — |  |  | 3,562 |  |  | — |  |  | 3,562 |
Net income attributable to common stockholders | $ | 246,167 |  |  | $ | 191,399 |  |  | $ | 68,956 |  |  | $ | (260,355 | ) |  | $ | 246,167 |
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME For the Year Ended December 31, 2012
| Ventas, Inc. |  | Ventas Issuers |  | Ventas Subsidiaries |  | Consolidated Elimination |  | Consolidated
| (In thousands)
Net income | $ | 362,800 |  |  | $ | 82,840 |  |  | $ | 239,545 |  |  | $ | (323,410 | ) |  | $ | 361,775 |
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |
Foreign currency translation | — |  |  | — |  |  | 2,375 |  |  | — |  |  | 2,375 |
Change in unrealized gain on marketable debt securities | (1,296 | ) |  | — |  |  | — |  |  | — |  |  | (1,296 | )
Other | — |  |  | — |  |  | 213 |  |  | — |  |  | 213 |
Total other comprehensive (loss) income | (1,296 | ) |  | — |  |  | 2,588 |  |  | — |  |  | 1,292 |
Comprehensive income | 361,504 |  |  | 82,840 |  |  | 242,133 |  |  | (323,410 | ) |  | 363,067 |
Comprehensive loss attributable to noncontrolling interest | — |  |  | — |  |  | (1,025 | ) |  | — |  |  | (1,025 | )
Comprehensive income attributable to common stockholders | $ | 361,504 |  |  | $ | 82,840 |  |  | $ | 243,158 |  |  | $ | (323,410 | ) |  | $ | 364,092 |
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME For the Year Ended December 31, 2011
| Ventas, Inc. |  | Ventas Issuers |  | Ventas Subsidiaries |  | Consolidated Elimination |  | Consolidated
| (In thousands)
Net income | $ | 364,493 |  |  | $ | 144,681 |  |  | $ | 87,307 |  |  | $ | (233,220 | ) |  | $ | 363,261 |
Other comprehensive loss: |  |  |  |  |  |  |  |  |
Foreign currency translation | — |  |  | — |  |  | (1,944 | ) |  | — |  |  | (1,944 | )
Change in unrealized gain on marketable debt securities | (2,691 | ) |  | — |  |  | — |  |  | — |  |  | (2,691 | )
Other | — |  |  | — |  |  | (171 | ) |  | — |  |  | (171 | )
Total other comprehensive loss | (2,691 | ) |  | — |  |  | (2,115 | ) |  | — |  |  | (4,806 | )
Comprehensive income | 361,802 |  |  | 144,681 |  |  | 85,192 |  |  | (233,220 | ) |  | 358,455 |
Comprehensive loss attributable to noncontrolling interest | — |  |  | — |  |  | (1,232 | ) |  | — |  |  | (1,232 | )
Comprehensive income attributable to common stockholders | $ | 361,802 |  |  | $ | 144,681 |  |  | $ | 86,424 |  |  | $ | (233,220 | ) |  | $ | 359,687 |
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME For the Year Ended December 31, 2010
| Ventas, Inc. |  | Ventas Issuers |  | Ventas Subsidiaries |  | Consolidated Elimination |  | Consolidated
| (In thousands)
Net income | $ | 246,167 |  |  | $ | 191,399 |  |  | $ | 72,518 |  |  | $ | (260,355 | ) |  | $ | 249,729 |
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |
Foreign currency translation | — |  |  | — |  |  | 6,951 |  |  | — |  |  | 6,951 |
Change in unrealized gain on marketable debt securities | 354 |  |  | — |  |  | — |  |  | — |  |  | 354 |
Other | — |  |  | — |  |  | (106 | ) |  | — |  |  | (106 | )
Total other comprehensive income | 354 |  |  | — |  |  | 6,845 |  |  | — |  |  | 7,199 |
Comprehensive income | 246,521 |  |  | 191,399 |  |  | 79,363 |  |  | (260,355 | ) |  | 256,928 |
Comprehensive income attributable to noncontrolling interest | — |  |  | — |  |  | 3,562 |  |  | — |  |  | 3,562 |
Comprehensive income attributable to common stockholders | $ | 246,521 |  |  | $ | 191,399 |  |  | $ | 75,801 |  |  | $ | (260,355 | ) |  | $ | 253,366 |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the Year Ended December 31, 2012
| Ventas, Inc. |  | Ventas Issuers |  | Ventas Subsidiaries |  | Consolidated Elimination |  | Consolidated
| (In thousands)
Net cash (used in) provided by operating activities | $ | (761 | ) |  | $ | 193,544 |  |  | $ | 800,033 |  |  | $ | — |  |  | $ | 992,816 |
Net cash used in investing activities | (1,364,125 | ) |  | (100 | ) |  | (805,464 | ) |  | — |  |  | (2,169,689 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Net change in borrowings under revolving credit facility | — |  |  | 92,000 |  |  | (7,062 | ) |  | — |  |  | 84,938 |
Proceeds from debt | — |  |  | 2,364,360 |  |  | 346,045 |  |  | — |  |  | 2,710,405 |
Repayment of debt | — |  |  | (521,527 | ) |  | (671,496 | ) |  | — |  |  | (1,193,023 | )
Net change in intercompany debt | 2,151,815 |  |  | (2,085,801 | ) |  | (66,014 | ) |  | — |  |  | — |
Payment of deferred financing costs | — |  |  | (21,404 | ) |  | (2,366 | ) |  | — |  |  | (23,770 | )
Issuance of common stock, net | 342,469 |  |  | — |  |  | — |  |  | — |  |  | 342,469 |
Cash distribution (to) from affiliates | (398,071 | ) |  | (21,132 | ) |  | 419,203 |  |  | — |  |  | — |
Cash distribution to common stockholders | (728,546 | ) |  | — |  |  | — |  |  | — |  |  | (728,546 | )
Cash distribution to redeemable OP unitholders | (4,446 | ) |  | — |  |  | — |  |  | — |  |  | (4,446 | )
Purchases of redeemable OP units | (4,601 | ) |  | — |  |  | — |  |  | — |  |  | (4,601 | )
Distributions to noncontrolling interest | — |  |  | — |  |  | (5,215 | ) |  | — |  |  | (5,215 | )
Other | 20,665 |  |  | — |  |  | 38 |  |  | — |  |  | 20,703 |
Net cash provided by (used in) financing activities | 1,379,285 |  |  | (193,504 | ) |  | 13,133 |  |  | — |  |  | 1,198,914 |
Net increase (decrease) in cash and cash equivalents | 14,399 |  |  | (60 | ) |  | 7,702 |  |  | — |  |  | 22,041 |
Effect of foreign currency translation on cash and cash equivalents | — |  |  | 60 |  |  | — |  |  | — |  |  | 60 |
Cash and cash equivalents at beginning of period | 2,335 |  |  | — |  |  | 43,472 |  |  | — |  |  | 45,807 |
Cash and cash equivalents at end of period | $ | 16,734 |  |  | $ | — |  |  | $ | 51,174 |  |  | $ | — |  |  | $ | 67,908 |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the Year Ended December 31, 2011
| Ventas, Inc. |  | Ventas Issuers |  | Ventas Subsidiaries |  | Consolidated Elimination |  | Consolidated
| (In thousands)
Net cash provided by operating activities | $ | 124,784 |  |  | $ | 199,431 |  |  | $ | 448,982 |  |  | $ | — |  |  | $ | 773,197 |
Net cash (used in) provided by investing activities | (618,663 | ) |  | (500,879 | ) |  | 122,103 |  |  | — |  |  | (997,439 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Net change in borrowings under revolving credit facilities | — |  |  | 405,000 |  |  | 132,452 |  |  | — |  |  | 537,452 |
Proceeds from debt | (230,000 | ) |  | 1,069,374 |  |  | 504,266 |  |  | — |  |  | 1,343,640 |
Repayment of debt | — |  |  | (206,500 | ) |  | (1,182,462 | ) |  | — |  |  | (1,388,962 | )
Net change in intercompany debt | 1,363,963 |  |  | (1,559,518 | ) |  | 195,555 |  |  | — |  |  | — |
Payment of deferred financing costs | — |  |  | (19,661 | ) |  | (379 | ) |  | — |  |  | (20,040 | )
Issuance of common stock, net | 299,847 |  |  | — |  |  | — |  |  | — |  |  | 299,847 |
Cash distribution (to) from affiliates | (417,763 | ) |  | 612,798 |  |  | (195,035 | ) |  | — |  |  | — |
Cash distribution to common stockholders | (521,046 | ) |  | — |  |  | — |  |  | — |  |  | (521,046 | )
Cash distribution to redeemable OP unitholders | (2,359 | ) |  | — |  |  | — |  |  | — |  |  | (2,359 | )
Purchases of redeemable OP units | — |  |  | — |  |  | (185 | ) |  | — |  |  | (185 | )
Distributions to noncontrolling interest | — |  |  | — |  |  | (2,556 | ) |  | — |  |  | (2,556 | )
Other | 2,489 |  |  | — |  |  | 2 |  |  | — |  |  | 2,491 |
Net cash provided by (used in) financing activities | 495,131 |  |  | 301,493 |  |  | (548,342 | ) |  | — |  |  | 248,282 |
Net increase in cash and cash equivalents | 1,252 |  |  | 45 |  |  | 22,743 |  |  | — |  |  | 24,040 |
Effect of foreign currency translation on cash and cash equivalents | — |  |  | (45 | ) |  | — |  |  | — |  |  | (45 | )
Cash and cash equivalents at beginning of period | 1,083 |  |  | — |  |  | 20,729 |  |  | — |  |  | 21,812 |
Cash and cash equivalents at end of period | $ | 2,335 |  |  | $ | — |  |  | $ | 43,472 |  |  | $ | — |  |  | $ | 45,807 |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the Year Ended December 31, 2010
| Ventas, Inc. |  | Ventas Issuers |  | Ventas Subsidiaries |  | Consolidated Elimination |  | Consolidated
| (In thousands)
Net cash provided by operating activities | $ | 14,092 |  |  | $ | 213,295 |  |  | $ | 220,235 |  |  | $ | — |  |  | $ | 447,622 |
Net cash used in investing activities | — |  |  | (266,609 | ) |  | (35,311 | ) |  | — |  |  | (301,920 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Net change in borrowings under revolving credit facilities | — |  |  | 40,000 |  |  | (11,436 | ) |  | — |  |  | 28,564 |
Proceeds from debt | — |  |  | 595,712 |  |  | 1,670 |  |  | — |  |  | 597,382 |
Repayment of debt | — |  |  | (244,710 | ) |  | (280,050 | ) |  | — |  |  | (524,760 | )
Net change in intercompany debt | (95,762 | ) |  | (26,250 | ) |  | 122,012 |  |  | — |  |  | — |
Payment of deferred financing costs | — |  |  | (2,647 | ) |  | (47 | ) |  | — |  |  | (2,694 | )
Cash distribution from (to) affiliates | 405,433 |  |  | (391,842 | ) |  | (13,591 | ) |  | — |  |  | — |
Cash distribution to common stockholders | (336,085 | ) |  | — |  |  | — |  |  | — |  |  | (336,085 | )
Distributions to noncontrolling interest | — |  |  | — |  |  | (8,082 | ) |  | — |  |  | (8,082 | )
Other | 13,405 |  |  | — |  |  | 818 |  |  | — |  |  | 14,223 |
Net cash used in financing activities | (13,009 | ) |  | (29,737 | ) |  | (188,706 | ) |  | — |  |  | (231,452 | )
Net increase (decrease) in cash and cash equivalents | 1,083 |  |  | (83,051 | ) |  | (3,782 | ) |  | — |  |  | (85,750 | )
Effect of foreign currency translation on cash and cash equivalents | — |  |  | 165 |  |  | — |  |  | — |  |  | 165 |
Cash and cash equivalents at beginning of period | — |  |  | 82,886 |  |  | 24,511 |  |  | — |  |  | 107,397 |
Cash and cash equivalents at end of period | $ | 1,083 |  |  | $ | — |  |  | $ | 20,729 |  |  | $ | — |  |  | $ | 21,812 |

X
- Definition Condensed consolidating information text block. + References No definition available. + Details
Name: | vtr_CondensedConsolidatingInformationTextBlock
Namespace Prefix: | vtr_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | vtr_CondensedConsolidatingInformationUnaudited
Namespace Prefix: | vtr_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration