|
CONDENSED CONSOLIDATING INFORMATION (unaudited) (Details 2) (USD $) In Thousands, unless otherwise specified
|
3 Months Ended |
6 Months Ended |
12 Months Ended |
|
Jun. 30, 2013
|
Jun. 30, 2012
|
Jun. 30, 2013
|
Jun. 30, 2012
|
Dec. 31, 2012
|
| Revenues: |
|
|
|
|
|
| Rental income |
$ 325,185 |
$ 293,671 |
$ 649,852 |
$ 560,873 |
|
| Resident fees and services |
341,594 |
303,437 |
680,764 |
588,630 |
|
| Medical office building and other services revenues |
3,537 |
6,639 |
7,185 |
12,247 |
|
| Income from loans and investments |
14,733 |
8,152 |
30,836 |
16,188 |
|
| Equity earnings in affiliates |
|
|
0 |
0 |
|
| Interest and other income |
797 |
65 |
1,835 |
112 |
|
| Total revenues |
685,846 |
611,964 |
1,370,472 |
1,178,050 |
|
| Expenses: |
|
|
|
|
|
| Interest |
83,046 |
72,767 |
162,452 |
140,678 |
|
| Depreciation and amortization |
172,706 |
187,367 |
351,495 |
347,563 |
|
| Property-level operating expenses |
269,738 |
236,652 |
537,187 |
452,489 |
|
| Medical office building services costs |
1,667 |
3,839 |
3,306 |
6,827 |
|
| General, administrative and professional fees |
27,327 |
26,423 |
56,101 |
48,621 |
|
| (Gain) loss on extinguishment of debt, net |
(720) |
9,989 |
(720) |
39,533 |
|
| Merger-related expenses and deal costs |
6,667 |
36,668 |
10,929 |
44,649 |
|
| Other |
4,385 |
1,510 |
8,972 |
3,086 |
|
| Total expenses |
564,816 |
575,215 |
1,129,722 |
1,083,446 |
|
| Income before income/loss from unconsolidated entities, income taxes, discontinued operations and noncontrolling interest |
121,030 |
36,749 |
240,750 |
94,604 |
|
| (Loss) income from unconsolidated entities |
(506) |
514 |
423 |
831 |
|
| Income tax benefit (expense) |
12,064 |
5,179 |
10,320 |
(6,159) |
|
| Income from continuing operations |
132,588 |
42,442 |
251,493 |
89,276 |
|
| Discontinued operations |
(18,055) |
31,294 |
(23,862) |
74,552 |
|
| Net income |
114,533 |
73,736 |
227,631 |
163,828 |
361,775 |
| Net (loss) income attributable to noncontrolling interest |
(47) |
(289) |
858 |
(823) |
|
| Comprehensive (loss) income attributable to noncontrolling interest |
(47) |
(289) |
858 |
(823) |
|
| Net income attributable to common stockholders |
114,580 |
74,025 |
226,773 |
164,651 |
|
|
Ventas, Inc.
|
|
|
|
|
|
| Revenues: |
|
|
|
|
|
| Rental income |
619 |
634 |
1,259 |
1,258 |
|
| Resident fees and services |
|
|
0 |
0 |
|
| Medical office building and other services revenues |
|
|
0 |
0 |
|
| Income from loans and investments |
1,159 |
951 |
1,262 |
1,890 |
|
| Equity earnings in affiliates |
105,135 |
51,602 |
221,203 |
112,778 |
|
| Interest and other income |
259 |
56 |
297 |
85 |
|
| Total revenues |
107,172 |
53,243 |
224,021 |
116,011 |
|
| Expenses: |
|
|
|
|
|
| Interest |
(474) |
(1,513) |
(941) |
(2,236) |
|
| Depreciation and amortization |
1,213 |
810 |
2,292 |
1,518 |
|
| Property-level operating expenses |
|
|
0 |
0 |
|
| Medical office building services costs |
|
|
0 |
0 |
|
| General, administrative and professional fees |
1,155 |
2,907 |
1,143 |
3,810 |
|
| (Gain) loss on extinguishment of debt, net |
|
|
0 |
0 |
|
| Merger-related expenses and deal costs |
4,227 |
28,689 |
6,976 |
30,053 |
|
| Other |
254 |
(36) |
293 |
1 |
|
| Total expenses |
6,375 |
30,857 |
9,763 |
33,146 |
|
| Income before income/loss from unconsolidated entities, income taxes, discontinued operations and noncontrolling interest |
100,797 |
22,386 |
214,258 |
82,865 |
|
| (Loss) income from unconsolidated entities |
|
|
0 |
0 |
|
| Income tax benefit (expense) |
12,064 |
5,179 |
10,320 |
(6,159) |
|
| Income from continuing operations |
112,861 |
27,565 |
224,578 |
76,706 |
|
| Discontinued operations |
1,719 |
46,460 |
2,195 |
87,945 |
|
| Net income |
114,580 |
74,025 |
226,773 |
164,651 |
|
| Comprehensive (loss) income attributable to noncontrolling interest |
|
|
0 |
0 |
|
| Net income attributable to common stockholders |
114,580 |
74,025 |
226,773 |
164,651 |
|
|
Ventas Issuers
|
|
|
|
|
|
| Revenues: |
|
|
|
|
|
| Rental income |
70,342 |
68,939 |
140,075 |
136,374 |
|
| Resident fees and services |
|
|
0 |
0 |
|
| Medical office building and other services revenues |
|
|
0 |
0 |
|
| Income from loans and investments |
493 |
560 |
787 |
1,029 |
|
| Equity earnings in affiliates |
|
|
0 |
|
|
| Interest and other income |
5 |
5 |
11 |
10 |
|
| Total revenues |
70,840 |
69,504 |
140,873 |
137,413 |
|
| Expenses: |
|
|
|
|
|
| Interest |
35,958 |
23,820 |
68,485 |
44,939 |
|
| Depreciation and amortization |
7,734 |
13,138 |
15,167 |
20,769 |
|
| Property-level operating expenses |
140 |
118 |
242 |
241 |
|
| Medical office building services costs |
|
|
0 |
0 |
|
| General, administrative and professional fees |
5,165 |
7,114 |
10,786 |
14,112 |
|
| (Gain) loss on extinguishment of debt, net |
|
9,989 |
0 |
39,720 |
|
| Merger-related expenses and deal costs |
|
|
0 |
0 |
|
| Other |
|
|
21 |
0 |
|
| Total expenses |
48,997 |
54,179 |
94,701 |
119,781 |
|
| Income before income/loss from unconsolidated entities, income taxes, discontinued operations and noncontrolling interest |
21,843 |
15,325 |
46,172 |
17,632 |
|
| (Loss) income from unconsolidated entities |
217 |
514 |
505 |
831 |
|
| Income tax benefit (expense) |
|
|
0 |
0 |
|
| Income from continuing operations |
22,060 |
15,839 |
46,677 |
18,463 |
|
| Discontinued operations |
209 |
1,315 |
604 |
3,426 |
|
| Net income |
22,269 |
17,154 |
47,281 |
21,889 |
|
| Comprehensive (loss) income attributable to noncontrolling interest |
|
|
0 |
0 |
|
| Net income attributable to common stockholders |
22,269 |
17,154 |
47,281 |
21,889 |
|
|
Ventas Subsidiaries
|
|
|
|
|
|
| Revenues: |
|
|
|
|
|
| Rental income |
254,224 |
224,098 |
508,518 |
423,241 |
|
| Resident fees and services |
341,594 |
303,437 |
680,764 |
588,630 |
|
| Medical office building and other services revenues |
3,537 |
6,639 |
7,185 |
12,247 |
|
| Income from loans and investments |
13,081 |
6,641 |
28,787 |
13,269 |
|
| Equity earnings in affiliates |
223 |
172 |
473 |
219 |
|
| Interest and other income |
533 |
4 |
1,527 |
17 |
|
| Total revenues |
613,192 |
540,991 |
1,227,254 |
1,037,623 |
|
| Expenses: |
|
|
|
|
|
| Interest |
47,562 |
50,460 |
94,908 |
97,975 |
|
| Depreciation and amortization |
163,759 |
173,419 |
334,036 |
325,276 |
|
| Property-level operating expenses |
269,598 |
236,534 |
536,945 |
452,248 |
|
| Medical office building services costs |
1,667 |
3,839 |
3,306 |
6,827 |
|
| General, administrative and professional fees |
21,007 |
16,402 |
44,172 |
30,699 |
|
| (Gain) loss on extinguishment of debt, net |
(720) |
|
(720) |
(187) |
|
| Merger-related expenses and deal costs |
2,440 |
7,979 |
3,953 |
14,596 |
|
| Other |
4,131 |
1,546 |
8,658 |
3,085 |
|
| Total expenses |
509,444 |
490,179 |
1,025,258 |
930,519 |
|
| Income before income/loss from unconsolidated entities, income taxes, discontinued operations and noncontrolling interest |
103,748 |
50,812 |
201,996 |
107,104 |
|
| (Loss) income from unconsolidated entities |
(723) |
|
(82) |
0 |
|
| Income tax benefit (expense) |
|
|
0 |
0 |
|
| Income from continuing operations |
103,025 |
50,812 |
201,914 |
107,104 |
|
| Discontinued operations |
(19,983) |
(16,481) |
(26,661) |
(16,819) |
|
| Net income |
83,042 |
34,331 |
175,253 |
90,285 |
|
| Net (loss) income attributable to noncontrolling interest |
47 |
289 |
|
|
|
| Comprehensive (loss) income attributable to noncontrolling interest |
|
|
858 |
(823) |
|
| Net income attributable to common stockholders |
83,089 |
34,620 |
174,395 |
91,108 |
|
|
Consolidated Eliminations
|
|
|
|
|
|
| Revenues: |
|
|
|
|
|
| Rental income |
|
|
0 |
0 |
|
| Resident fees and services |
|
|
0 |
0 |
|
| Medical office building and other services revenues |
|
|
0 |
0 |
|
| Income from loans and investments |
|
|
0 |
0 |
|
| Equity earnings in affiliates |
(105,358) |
(51,774) |
(221,676) |
(112,997) |
|
| Interest and other income |
|
|
0 |
0 |
|
| Total revenues |
(105,358) |
(51,774) |
(221,676) |
(112,997) |
|
| Expenses: |
|
|
|
|
|
| Interest |
|
|
0 |
0 |
|
| Depreciation and amortization |
|
|
0 |
0 |
|
| Property-level operating expenses |
|
|
0 |
0 |
|
| Medical office building services costs |
|
|
0 |
0 |
|
| General, administrative and professional fees |
|
|
0 |
0 |
|
| (Gain) loss on extinguishment of debt, net |
|
|
0 |
0 |
|
| Merger-related expenses and deal costs |
|
|
0 |
0 |
|
| Other |
|
|
0 |
0 |
|
| Total expenses |
|
|
0 |
0 |
|
| Income before income/loss from unconsolidated entities, income taxes, discontinued operations and noncontrolling interest |
(105,358) |
(51,774) |
(221,676) |
(112,997) |
|
| (Loss) income from unconsolidated entities |
|
|
0 |
0 |
|
| Income tax benefit (expense) |
|
|
0 |
0 |
|
| Income from continuing operations |
(105,358) |
(51,774) |
(221,676) |
(112,997) |
|
| Discontinued operations |
|
|
0 |
0 |
|
| Net income |
(105,358) |
(51,774) |
(221,676) |
(112,997) |
|
| Comprehensive (loss) income attributable to noncontrolling interest |
|
|
0 |
0 |
|
| Net income attributable to common stockholders |
(105,358) |
(51,774) |
(221,676) |
(112,997) |
|
|
All Other
|
|
|
|
|
|
| Revenues: |
|
|
|
|
|
| Rental income |
|
|
0 |
0 |
|
| Resident fees and services |
|
|
0 |
0 |
|
| Medical office building and other services revenues |
263 |
|
263 |
0 |
|
| Income from loans and investments |
14,733 |
8,152 |
30,836 |
16,188 |
|
| Interest and other income |
797 |
65 |
1,835 |
112 |
|
| Total revenues |
15,793 |
8,217 |
32,934 |
16,300 |
|
| Expenses: |
|
|
|
|
|
| Property-level operating expenses |
|
|
0 |
0 |
|
| Medical office building services costs |
|
|
0 |
0 |
|
| (Loss) income from unconsolidated entities |
$ (191) |
|
$ (191) |
$ 0 |
|