v2.4.0.8

CONDENSED CONSOLIDATING INFORMATION (unaudited) (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2014
Condensed Consolidating Information [Abstract] |
CONDENSED CONSOLIDATING BALANCE SHEET | CONDENSED CONSOLIDATING BALANCE SHEET As of March 31, 2014
| Ventas, Inc. |  | Ventas Realty (1) |  | Ventas Subsidiaries |  | Consolidated Elimination |  | Consolidated
| (In thousands)
Assets |  |  |  |  |  |  |  |  |
Net real estate investments | $ | 6,858 |  |  | $ | 369,528 |  |  | $ | 18,187,084 |  |  | $ | — |  |  | $ | 18,563,470 |
Cash and cash equivalents | 20,912 |  |  | — |  |  | 38,879 |  |  | — |  |  | 59,791 |
Escrow deposits and restricted cash | 2,104 |  |  | 1,268 |  |  | 72,738 |  |  | — |  |  | 76,110 |
Deferred financing costs, net | 758 |  |  | 51,945 |  |  | 7,023 |  |  | — |  |  | 59,726 |
Investment in and advances to affiliates | 10,232,196 |  |  | 3,201,998 |  |  | — |  |  | (13,434,194 | ) |  | — |
Other assets | 57,552 |  |  | 14,495 |  |  | 871,624 |  |  | — |  |  | 943,671 |
Total assets | $ | 10,320,380 |  |  | $ | 3,639,234 |  |  | $ | 19,177,348 |  |  | $ | (13,434,194 | ) |  | $ | 19,702,768 |
Liabilities and equity |  |  |  |  |  |  |  |  |
Liabilities: |  |  |  |  |  |  |  |  |
Senior notes payable and other debt | $ | — |  |  | $ | 6,520,142 |  |  | $ | 2,960,909 |  |  | $ | — |  |  | $ | 9,481,051 |
Intercompany loans | 4,475,259 |  |  | (4,887,411 | ) |  | 412,152 |  |  | — |  |  | — |
Accrued interest | — |  |  | 40,032 |  |  | 21,051 |  |  | — |  |  | 61,083 |
Accounts payable and other liabilities | 94,841 |  |  | 29,488 |  |  | 813,769 |  |  | — |  |  | 938,098 |
Deferred income taxes | 252,499 |  |  | — |  |  | — |  |  | — |  |  | 252,499 |
Total liabilities | 4,822,599 |  |  | 1,702,251 |  |  | 4,207,881 |  |  | — |  |  | 10,732,731 |
Redeemable OP unitholder and noncontrolling interests | — |  |  | — |  |  | 160,115 |  |  | — |  |  | 160,115 |
Total equity | 5,497,781 |  |  | 1,936,983 |  |  | 14,809,352 |  |  | (13,434,194 | ) |  | 8,809,922 |
Total liabilities and equity | $ | 10,320,380 |  |  | $ | 3,639,234 |  |  | $ | 19,177,348 |  |  | $ | (13,434,194 | ) |  | $ | 19,702,768 |
(1) | Certain of Ventas Realty’s outstanding senior notes were issued jointly with our 100% owned subsidiary, Ventas Capital Corporation, which has no assets or operations.
CONDENSED CONSOLIDATING BALANCE SHEET As of December 31, 2013
| Ventas, Inc. |  | Ventas Realty (1) |  | Ventas Subsidiaries |  | Consolidated Elimination |  | Consolidated
| (In thousands)
Assets |  |  |  |  |  |  |  |  |
Net real estate investments | $ | 7,009 |  |  | $ | 374,590 |  |  | $ | 18,161,872 |  |  | $ | — |  |  | $ | 18,543,471 |
Cash and cash equivalents | 28,169 |  |  | — |  |  | 66,647 |  |  | — |  |  | 94,816 |
Escrow deposits and restricted cash | 2,104 |  |  | 1,211 |  |  | 81,342 |  |  | — |  |  | 84,657 |
Deferred financing costs, net | 758 |  |  | 54,022 |  |  | 7,435 |  |  | — |  |  | 62,215 |
Investment in and advances to affiliates | 10,481,466 |  |  | 3,201,998 |  |  | — |  |  | (13,683,464 | ) |  | — |
Other assets | 29,450 |  |  | 14,102 |  |  | 902,783 |  |  | — |  |  | 946,335 |
Total assets | $ | 10,548,956 |  |  | $ | 3,645,923 |  |  | $ | 19,220,079 |  |  | $ | (13,683,464 | ) |  | $ | 19,731,494 |
Liabilities and equity |  |  |  |  |  |  |  |  |
Liabilities: |  |  |  |  |  |  |  |  |
Senior notes payable and other debt | $ | — |  |  | $ | 6,336,240 |  |  | $ | 3,028,752 |  |  | $ | — |  |  | $ | 9,364,992 |
Intercompany loans | 4,247,853 |  |  | (4,682,119 | ) |  | 434,266 |  |  | — |  |  | — |
Accrued interest | — |  |  | 39,561 |  |  | 14,788 |  |  | — |  |  | 54,349 |
Accounts payable and other liabilities | 94,495 |  |  | 28,152 |  |  | 878,868 |  |  | — |  |  | 1,001,515 |
Deferred income taxes | 250,167 |  |  | — |  |  | — |  |  | — |  |  | 250,167 |
Total liabilities | 4,592,515 |  |  | 1,721,834 |  |  | 4,356,674 |  |  | — |  |  | 10,671,023 |
Redeemable OP unitholder and noncontrolling interests | — |  |  | — |  |  | 156,660 |  |  | — |  |  | 156,660 |
Total equity | 5,956,441 |  |  | 1,924,089 |  |  | 14,706,745 |  |  | (13,683,464 | ) |  | 8,903,811 |
Total liabilities and equity | $ | 10,548,956 |  |  | $ | 3,645,923 |  |  | $ | 19,220,079 |  |  | $ | (13,683,464 | ) |  | $ | 19,731,494 |
(1) | Certain of Ventas Realty’s outstanding senior notes were issued jointly with our 100% owned subsidiary, Ventas Capital Corporation, which has no assets or operations.
CONDENSED CONSOLIDATING STATEMENT OF INCOME | CONDENSED CONSOLIDATING STATEMENT OF INCOME For the Three Months Ended March 31, 2014
| Ventas, Inc. |  | Ventas Realty (1) |  | Ventas Subsidiaries |  | Consolidated Elimination |  | Consolidated
| (In thousands)
Revenues: |  |  |  |  |  |  |  |  |
Rental income | $ | 618 |  |  | $ | 69,755 |  |  | $ | 282,696 |  |  | $ | — |  |  | $ | 353,069 |
Resident fees and services | — |  |  | — |  |  | 371,061 |  |  | — |  |  | 371,061 |
Medical office building and other services revenue | — |  |  | — |  |  | 6,300 |  |  | — |  |  | 6,300 |
Income from loans and investments | 306 |  |  | — |  |  | 10,461 |  |  | — |  |  | 10,767 |
Equity earnings in affiliates | 126,085 |  |  | — |  |  | 140 |  |  | (126,225 | ) |  | — |
Interest and other income | 152 |  |  | 5 |  |  | 116 |  |  | — |  |  | 273 |
Total revenues | 127,161 |  |  | 69,760 |  |  | 670,774 |  |  | (126,225 | ) |  | 741,470 |
Expenses: |  |  |  |  |  |  |  |  |
Interest | (647 | ) |  | 43,094 |  |  | 45,394 |  |  | — |  |  | 87,841 |
Depreciation and amortization | 1,422 |  |  | 7,653 |  |  | 184,519 |  |  | — |  |  | 193,594 |
Property-level operating expenses | — |  |  | 150 |  |  | 287,490 |  |  | — |  |  | 287,640 |
Medical office building services costs | — |  |  | — |  |  | 3,371 |  |  | — |  |  | 3,371 |
General, administrative and professional fees | 1,887 |  |  | 5,613 |  |  | 25,366 |  |  | — |  |  | 32,866 |
(Gain) loss on extinguishment of debt, net | (3 | ) |  | 3 |  |  | (259 | ) |  | — |  |  | (259 | )
Merger-related expenses and deal costs | 1,753 |  |  | — |  |  | 9,007 |  |  | — |  |  | 10,760 |
Other | 707 |  |  | 319 |  |  | 4,203 |  |  | — |  |  | 5,229 |
Total expenses | 5,119 |  |  | 56,832 |  |  | 559,091 |  |  | — |  |  | 621,042 |
Income from continuing operations before income (loss) from unconsolidated entities, income taxes, real estate dispositions and noncontrolling interest | 122,042 |  |  | 12,928 |  |  | 111,683 |  |  | (126,225 | ) |  | 120,428 |
Income (loss) from unconsolidated entities | — |  |  | 522 |  |  | (274 | ) |  | — |  |  | 248 |
Income tax expense | (3,433 | ) |  | — |  |  | — |  |  | — |  |  | (3,433 | )
Income from continuing operations | 118,609 |  |  | 13,450 |  |  | 111,409 |  |  | (126,225 | ) |  | 117,243 |
Discontinued operations | 1,438 |  |  | 556 |  |  | 1,037 |  |  | — |  |  | 3,031 |
Gain on real estate dispositions, net | 1,000 |  |  | — |  |  | — |  |  | — |  |  | 1,000 |
Net income | 121,047 |  |  | 14,006 |  |  | 112,446 |  |  | (126,225 | ) |  | 121,274 |
Net income attributable to noncontrolling interest | — |  |  | — |  |  | 227 |  |  | — |  |  | 227 |
Net income attributable to common stockholders | $ | 121,047 |  |  | $ | 14,006 |  |  | $ | 112,219 |  |  | $ | (126,225 | ) |  | $ | 121,047 |
(1) | Certain of Ventas Realty’s outstanding senior notes were issued jointly with our 100% owned subsidiary, Ventas Capital Corporation, which has no assets or operations.
CONDENSED CONSOLIDATING STATEMENT OF INCOME For the Three Months Ended March 31, 2013
| Ventas, Inc. |  | Ventas Realty (1) |  | Ventas Subsidiaries |  | Consolidated Elimination |  | Consolidated
| (In thousands)
Revenues: |  |  |  |  |  |  |  |  |
Rental income | $ | 640 |  |  | $ | 69,287 |  |  | $ | 253,023 |  |  | $ | — |  |  | $ | 322,950 |
Resident fees and services | — |  |  | — |  |  | 339,170 |  |  | — |  |  | 339,170 |
Medical office building and other services revenue | — |  |  | — |  |  | 3,648 |  |  | — |  |  | 3,648 |
Income from loans and investments | 103 |  |  | 294 |  |  | 15,706 |  |  | — |  |  | 16,103 |
Equity earnings in affiliates | 116,077 |  |  | — |  |  | 250 |  |  | (116,327 | ) |  | — |
Interest and other income | 37 |  |  | 5 |  |  | 996 |  |  | — |  |  | 1,038 |
Total revenues | 116,857 |  |  | 69,586 |  |  | 612,793 |  |  | (116,327 | ) |  | 682,909 |
Expenses: |  |  |  |  |  |  |  |  |
Interest | (467 | ) |  | 32,331 |  |  | 46,770 |  |  | — |  |  | 78,634 |
Depreciation and amortization | 1,077 |  |  | 7,216 |  |  | 167,175 |  |  | — |  |  | 175,468 |
Property-level operating expenses | — |  |  | 102 |  |  | 267,099 |  |  | — |  |  | 267,201 |
Medical office building services costs | — |  |  | — |  |  | 1,639 |  |  | — |  |  | 1,639 |
General, administrative and professional fees | (13 | ) |  | 5,622 |  |  | 23,165 |  |  | — |  |  | 28,774 |
Merger-related expenses and deal costs | 2,749 |  |  | — |  |  | 1,513 |  |  | — |  |  | 4,262 |
Other | 40 |  |  | 21 |  |  | 4,526 |  |  | — |  |  | 4,587 |
Total expenses | 3,386 |  |  | 45,292 |  |  | 511,887 |  |  | — |  |  | 560,565 |
Income from continuing operations before income from unconsolidated entities, income taxes and noncontrolling interest | 113,471 |  |  | 24,294 |  |  | 100,906 |  |  | (116,327 | ) |  | 122,344 |
Income from unconsolidated entities | — |  |  | 288 |  |  | 641 |  |  | — |  |  | 929 |
Income tax (expense) benefit | (1,745 | ) |  | — |  |  | 1 |  |  | — |  |  | (1,744 | )
Income from continuing operations | 111,726 |  |  | 24,582 |  |  | 101,548 |  |  | (116,327 | ) |  | 121,529 |
Discontinued operations | 467 |  |  | 428 |  |  | (9,326 | ) |  | — |  |  | (8,431 | )
Net income | 112,193 |  |  | 25,010 |  |  | 92,222 |  |  | (116,327 | ) |  | 113,098 |
Net income attributable to noncontrolling interest | — |  |  | — |  |  | 905 |  |  | — |  |  | 905 |
Net income attributable to common stockholders | $ | 112,193 |  |  | $ | 25,010 |  |  | $ | 91,317 |  |  | $ | (116,327 | ) |  | $ | 112,193 |
(1) | Certain of Ventas Realty’s outstanding senior notes were issued jointly with our 100% owned subsidiary, Ventas Capital Corporation, which has no assets or operations.
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME | CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME For the Three Months Ended March 31, 2014
| Ventas, Inc. |  | Ventas Realty (1) |  | Ventas Subsidiaries |  | Consolidated Elimination |  | Consolidated
| (In thousands)
Net income | $ | 121,047 |  |  | $ | 14,006 |  |  | $ | 112,446 |  |  | $ | (126,225 | ) |  | $ | 121,274 |
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |
Foreign currency translation | — |  |  | — |  |  | (3,334 | ) |  | — |  |  | (3,334 | )
Change in unrealized gain on intra-entity currency loan | 594 |  |  | — |  |  | — |  |  | — |  |  | 594 |
Change in unrealized gain on marketable debt securities | 1,306 |  |  | — |  |  | — |  |  | — |  |  | 1,306 |
Other | — |  |  | — |  |  | 239 |  |  | — |  |  | 239 |
Total other comprehensive income (loss) | 1,900 |  |  | — |  |  | (3,095 | ) |  | — |  |  | (1,195 | )
Comprehensive income | 122,947 |  |  | 14,006 |  |  | 109,351 |  |  | (126,225 | ) |  | 120,079 |
Comprehensive income attributable to noncontrolling interest | — |  |  | — |  |  | 227 |  |  | — |  |  | 227 |
Comprehensive income attributable to common stockholders | $ | 122,947 |  |  | $ | 14,006 |  |  | $ | 109,124 |  |  | $ | (126,225 | ) |  | $ | 119,852 |
(1) | Certain of Ventas Realty’s outstanding senior notes were issued jointly with our 100% owned subsidiary, Ventas Capital Corporation, which has no assets or operations.
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME For the Three Months Ended March 31, 2013
| Ventas, Inc. |  | Ventas Realty (1) |  | Ventas Subsidiaries |  | Consolidated Elimination |  | Consolidated
| (In thousands)
Net income | $ | 112,193 |  |  | $ | 25,010 |  |  | $ | 92,222 |  |  | $ | (116,327 | ) |  | $ | 113,098 |
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |
Foreign currency translation | — |  |  | — |  |  | (2,091 | ) |  | — |  |  | (2,091 | )
Change in unrealized gain on marketable debt securities | 61 |  |  | — |  |  | — |  |  | — |  |  | 61 |
Other | — |  |  | — |  |  | 504 |  |  | — |  |  | 504 |
Total other comprehensive income (loss) | 61 |  |  | — |  |  | (1,587 | ) |  | — |  |  | (1,526 | )
Comprehensive income | 112,254 |  |  | 25,010 |  |  | 90,635 |  |  | (116,327 | ) |  | 111,572 |
Comprehensive income attributable to noncontrolling interest | — |  |  | — |  |  | 905 |  |  | — |  |  | 905 |
Comprehensive income attributable to common stockholders | $ | 112,254 |  |  | $ | 25,010 |  |  | $ | 89,730 |  |  | $ | (116,327 | ) |  | $ | 110,667 |
(1) | Certain of Ventas Realty’s outstanding senior notes were issued jointly with our 100% owned subsidiary, Ventas Capital Corporation, which has no assets or operations.
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the Three Months Ended March 31, 2014
| Ventas, Inc. |  | Ventas Realty (1) |  | Ventas Subsidiaries |  | Consolidated Elimination |  | Consolidated
| (In thousands)
Net cash (used in) provided by operating activities | $ | (46,025 | ) |  | $ | 20,487 |  |  | $ | 309,959 |  |  | $ | — |  |  | $ | 284,421 |
Net cash (used in) provided by investing activities | (155,716 | ) |  | 5,190 |  |  | (67,824 | ) |  | — |  |  | (218,350 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Net change in borrowings under revolving credit facility | — |  |  | 182,969 |  |  | (1,215 | ) |  | — |  |  | 181,754 |
Repayment of debt | — |  |  | — |  |  | (67,773 | ) |  | — |  |  | (67,773 | )
Net change in intercompany debt | 227,406 |  |  | (205,292 | ) |  | (22,114 | ) |  | — |  |  | — |
Payment of deferred financing costs | — |  |  | (154 | ) |  | (13 | ) |  | — |  |  | (167 | )
Cash distribution from (to) affiliates | 179,724 |  |  | (2,618 | ) |  | (177,106 | ) |  | — |  |  | — |
Cash distribution to common stockholders | (213,473 | ) |  | — |  |  | — |  |  | — |  |  | (213,473 | )
Cash distribution to redeemable OP unitholders | (1,402 | ) |  | — |  |  | — |  |  | — |  |  | (1,402 | )
Distributions to noncontrolling interest | — |  |  | — |  |  | (2,237 | ) |  | — |  |  | (2,237 | )
Other | 1,636 |  |  | 5 |  |  | — |  |  | — |  |  | 1,641 |
Net cash provided by (used in) financing activities | 193,891 |  |  | (25,090 | ) |  | (270,458 | ) |  | — |  |  | (101,657 | )
Net (decrease) increase in cash and cash equivalents | (7,850 | ) |  | 587 |  |  | (28,323 | ) |  | — |  |  | (35,586 | )
Effect of foreign currency translation on cash and cash equivalents | 593 |  |  | (587 | ) |  | 555 |  |  | — |  |  | 561 |
Cash and cash equivalents at beginning of period | 28,169 |  |  | — |  |  | 66,647 |  |  | — |  |  | 94,816 |
Cash and cash equivalents at end of period | $ | 20,912 |  |  | $ | — |  |  | $ | 38,879 |  |  | $ | — |  |  | $ | 59,791 |
(1) | Certain of Ventas Realty’s outstanding senior notes were issued jointly with our 100% owned subsidiary, Ventas Capital Corporation, which has no assets or operations.
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the Three Months Ended March 31, 2013
| Ventas, Inc. |  | Ventas Realty (1) |  | Ventas Subsidiaries |  | Consolidated Elimination |  | Consolidated
| (In thousands)
Net cash (used in) provided by operating activities | $ | (26,368 | ) |  | $ | 51,309 |  |  | $ | 205,364 |  |  | $ | — |  |  | $ | 230,305 |
Net cash (used in) provided by investing activities | (47,169 | ) |  | (5,835 | ) |  | 112,477 |  |  | — |  |  | 59,473 |
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Net change in borrowings under revolving credit facility | — |  |  | (376,000 | ) |  | 84 |  |  | — |  |  | (375,916 | )
Proceeds from debt | — |  |  | 758,460 |  |  | 158,411 |  |  | — |  |  | 916,871 |
Repayment of debt | (11,420 | ) |  | — |  |  | (624,373 | ) |  | — |  |  | (635,793 | )
Net change in intercompany debt | 279,196 |  |  | (415,487 | ) |  | 136,291 |  |  | — |  |  | — |
Payment of deferred financing costs | — |  |  | (12,160 | ) |  | (1,648 | ) |  | — |  |  | (13,808 | )
Cash distribution (to) from affiliates | (17,903 | ) |  | (238 | ) |  | 18,141 |  |  | — |  |  | — |
Issuance of common stock, net | 5,050 |  |  | — |  |  | — |  |  | — |  |  | 5,050 |
Cash distribution to common stockholders | (195,700 | ) |  | — |  |  | — |  |  | — |  |  | (195,700 | )
Cash distribution to redeemable OP unitholders | (1,151 | ) |  | — |  |  | — |  |  | — |  |  | (1,151 | )
Purchases of redeemable OP units | (108 | ) |  | — |  |  | — |  |  | — |  |  | (108 | )
Distributions to noncontrolling interest | — |  |  | — |  |  | (1,450 | ) |  | — |  |  | (1,450 | )
Other | 2,058 |  |  | — |  |  | — |  |  | — |  |  | 2,058 |
Net cash provided by (used in) financing activities | 60,022 |  |  | (45,425 | ) |  | (314,544 | ) |  | — |  |  | (299,947 | )
Net (decrease) increase in cash and cash equivalents | (13,515 | ) |  | 49 |  |  | 3,297 |  |  | — |  |  | (10,169 | )
Effect of foreign currency translation on cash and cash equivalents | — |  |  | (49 | ) |  | — |  |  | — |  |  | (49 | )
Cash and cash equivalents at beginning of period | 16,734 |  |  | — |  |  | 51,174 |  |  | — |  |  | 67,908 |
Cash and cash equivalents at end of period | $ | 3,219 |  |  | $ | — |  |  | $ | 54,471 |  |  | $ | — |  |  | $ | 57,690 |
(1) | Certain of Ventas Realty’s outstanding senior notes were issued jointly with our 100% owned subsidiary, Ventas Capital Corporation, which has no assets or operations.

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of the condensed consolidating statements of comprehensive income. + References No definition available. + Details
Name: | vtr_CondensedConsolidatingComprehensiveIncomeTableTextBlock
Namespace Prefix: | vtr_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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