2018 Q4 Form 10-Q Financial Statement

#000103544318000215 Filed on October 30, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2017 Q3
Revenue $340.5M $341.8M $285.4M
YoY Change 13.95% 19.78% 23.87%
Cost Of Revenue $97.70M $99.80M $83.50M
YoY Change 10.9% 19.52% 15.97%
Gross Profit $242.8M $242.1M $201.9M
YoY Change 15.23% 19.91% 27.46%
Gross Profit Margin 71.31% 70.83% 70.75%
Selling, General & Admin $22.40M $22.70M $17.60M
YoY Change 18.52% 28.98% 10.69%
% of Gross Profit 9.23% 9.38% 8.72%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $125.0M $119.6M $107.8M
YoY Change 16.06% 10.95% 39.64%
% of Gross Profit 51.48% 49.4% 53.39%
Operating Expenses $147.4M $142.2M $125.4M
YoY Change 16.43% 13.4% 34.84%
Operating Profit $95.40M $99.90M $76.50M
YoY Change 13.44% 30.59% 16.97%
Interest Expense -$122.7M $42.24M $31.03M
YoY Change 243.7% 36.13% 20.04%
% of Operating Profit -128.62% 42.29% 40.56%
Other Income/Expense, Net
YoY Change
Pretax Income -$18.60M $219.4M $59.50M
YoY Change -140.79% 268.74% 108.77%
Income Tax
% Of Pretax Income
Net Earnings -$24.70M $213.6M $53.77M
YoY Change -162.69% 297.29% 119.71%
Net Earnings / Revenue -7.25% 62.5% 18.84%
Basic Earnings Per Share -$0.30 $2.01 $0.55
Diluted Earnings Per Share -$0.30 $1.99 $0.55
COMMON SHARES
Basic Shares Outstanding 107.5M shares 104.2M shares 92.60M shares
Diluted Shares Outstanding 105.4M shares 93.30M shares

Balance Sheet

Concept 2018 Q4 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $234.0M $204.0M $603.8M
YoY Change -69.91% -66.22% 26.08%
Cash & Equivalents $234.2M $204.2M $118.6M
Short-Term Investments $485.3M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $10.00M $11.00M $10.00M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $244.0M $215.0M $129.0M
YoY Change -7.58% 66.67% -23.21%
LONG-TERM ASSETS
Property, Plant & Equipment $14.79M $12.96M $11.44M
YoY Change 33.58% 13.24% -14.47%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.130B $1.155B $519.0M
YoY Change 78.23% 122.54% 14.07%
Other Assets $856.0M $834.0M $638.0M
YoY Change 26.07% 30.72% 21.29%
Total Long-Term Assets $14.22B $13.89B $11.42B
YoY Change 20.11% 21.67% 25.1%
TOTAL ASSETS
Total Short-Term Assets $244.0M $215.0M $129.0M
Total Long-Term Assets $14.22B $13.89B $11.42B
Total Assets $14.46B $14.11B $11.55B
YoY Change 19.51% 22.18% 24.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $491.0M $446.0M $338.0M
YoY Change 40.29% 31.95% 25.19%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $601.0M $547.0M $421.0M
YoY Change 35.97% 29.93% 24.93%
LONG-TERM LIABILITIES
Long-Term Debt $5.478B $5.684B $4.817B
YoY Change 14.96% 18.0% 11.27%
Other Long-Term Liabilities $490.0M $461.0M $402.0M
YoY Change 18.36% 14.68% 20.0%
Total Long-Term Liabilities $5.968B $6.145B $5.219B
YoY Change 15.23% 17.74% 11.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $601.0M $547.0M $421.0M
Total Long-Term Liabilities $5.968B $6.145B $5.219B
Total Liabilities $6.570B $6.692B $5.641B
YoY Change 16.89% 18.64% 12.79%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $1.110M $1.058M $943.0K
YoY Change 11.22% 12.2% 22.79%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.342B $6.873B $5.407B
YoY Change
Total Liabilities & Shareholders Equity $14.46B $14.11B $11.55B
YoY Change 19.51% 22.18% 24.22%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income -$24.70M $213.6M $53.77M
YoY Change -162.69% 297.29% 119.71%
Depreciation, Depletion And Amortization $125.0M $119.6M $107.8M
YoY Change 16.06% 10.95% 39.64%
Cash From Operating Activities $156.2M $155.9M $133.5M
YoY Change 66.7% 16.78% 11.44%
INVESTING ACTIVITIES
Capital Expenditures -$353.6M -$490.8M -$334.9M
YoY Change 11.37% 46.55% 14.07%
Acquisitions $110.7M
YoY Change
Other Investing Activities -$44.00M -$4.400M $2.800M
YoY Change -58.45% -257.14% -105.87%
Cash From Investing Activities -$397.7M -$495.2M -$332.1M
YoY Change -6.05% 49.11% -2.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 280.6M 251.3M 199.1M
YoY Change -39.05% 26.22% 60.44%
NET CHANGE
Cash From Operating Activities 156.2M 155.9M 133.5M
Cash From Investing Activities -397.7M -495.2M -332.1M
Cash From Financing Activities 280.6M 251.3M 199.1M
Net Change In Cash 39.10M -88.00M 500.0K
YoY Change -70.11% -17700.0% -100.51%
FREE CASH FLOW
Cash From Operating Activities $156.2M $155.9M $133.5M
Capital Expenditures -$353.6M -$490.8M -$334.9M
Free Cash Flow $509.8M $646.7M $468.4M
YoY Change 23.98% 38.07% 13.3%

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119600000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
352671000 USD
CY2018Q3 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 USD
us-gaap Derivative Instruments Gain Loss Recognized In Income Ineffective Portion And Amount Excluded From Effectiveness Testing Net
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0 USD
us-gaap Derivative Instruments Gain Loss Recognized In Income Ineffective Portion And Amount Excluded From Effectiveness Testing Net
DerivativeInstrumentsGainLossRecognizedInIncomeIneffectivePortionAndAmountExcludedFromEffectivenessTestingNet
0 USD
CY2017Q3 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
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0 USD
us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
0 USD
CY2018Q3 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
1301000 USD
us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
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0 USD
CY2017Q3 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
83469000 USD
us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
237536000 USD
CY2018Q3 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
99759000 USD
us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
283438000 USD
CY2018Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
100000000 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
289600000 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
289571000 USD
CY2017Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
92145000 USD
CY2018Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
101084000 USD
CY2017Q3 us-gaap Dividends Preferred Stock
DividendsPreferredStock
1302000 USD
us-gaap Dividends Preferred Stock
DividendsPreferredStock
6364000 USD
CY2018Q3 us-gaap Dividends Preferred Stock
DividendsPreferredStock
1301000 USD
us-gaap Dividends Preferred Stock
DividendsPreferredStock
3905000 USD
CY2018Q3 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
1300000 USD
us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
3905000 USD
us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
3900000 USD
CY2017Q3 us-gaap Earnings Per Share Basic
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0.55
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.20
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.01
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.55
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.20
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.99
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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-1051000 USD
us-gaap Equity Method Investment Dividends Or Distributions
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249000 USD
us-gaap Equity Method Investment Dividends Or Distributions
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430000 USD
CY2017Q4 us-gaap Equity Securities Fv Ni And Without Readily Determinable Fair Value
EquitySecuritiesFvNiAndWithoutReadilyDeterminableFairValue
523254000 USD
CY2018Q3 us-gaap Equity Securities Fv Ni And Without Readily Determinable Fair Value
EquitySecuritiesFvNiAndWithoutReadilyDeterminableFairValue
957356000 USD
CY2017Q4 us-gaap Equity Securities Fv Ni Cost
EquitySecuritiesFvNiCost
473483000 USD
CY2018Q3 us-gaap Equity Securities Fv Ni Cost
EquitySecuritiesFvNiCost
621949000 USD
CY2017Q3 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
0 USD
us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
0 USD
CY2018Q3 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
122203000 USD
us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
220294000 USD
CY2018Q3 us-gaap Equity Securities Fv Ni Realized Gain Loss
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5015000 USD
us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
25810000 USD
us-gaap Equity Securities Fv Ni Unrealized Gain
EquitySecuritiesFvNiUnrealizedGain
23400000 USD
CY2018Q3 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
117188000 USD
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
194484000 USD
CY2017Q3 us-gaap Equity Securities Fv Ni Unrealized Loss
EquitySecuritiesFvNiUnrealizedLoss
17000000 USD
us-gaap Fair Value Investments Entities That Calculate Net Asset Value Per Share Liquidating Investment Remaining Period1
FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareLiquidatingInvestmentRemainingPeriod1
P8Y9M
CY2018Q3 us-gaap Fair Value Investments Entities That Calculate Net Asset Value Per Share Unfunded Committments
FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments
199100000 USD
CY2017Q4 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
64979000 USD
CY2018Q3 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
140129000 USD
CY2017Q4 us-gaap Finite Lived Intangible Asset Off Market Lease Favorable Gross
FiniteLivedIntangibleAssetOffMarketLeaseFavorableGross
12684000 USD
CY2018Q3 us-gaap Finite Lived Intangible Asset Off Market Lease Favorable Gross
FiniteLivedIntangibleAssetOffMarketLeaseFavorableGross
17529000 USD
us-gaap Gain Loss On Disposition Of Real Estate Discontinued Operations
GainLossOnDispositionOfRealEstateDiscontinuedOperations
270000 USD
us-gaap Gain Loss On Disposition Of Real Estate Discontinued Operations
GainLossOnDispositionOfRealEstateDiscontinuedOperations
0 USD
us-gaap Gain Loss On Investments
GainLossOnInvestments
2007000 USD
us-gaap Gain Loss On Investments
GainLossOnInvestments
220294000 USD
us-gaap Gain Loss On Sale Of Properties Applicable Income Taxes
GainLossOnSaleOfPropertiesApplicableIncomeTaxes
-111000 USD
us-gaap Gain Loss On Sale Of Properties Applicable Income Taxes
GainLossOnSaleOfPropertiesApplicableIncomeTaxes
0 USD
CY2017Q3 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
0 USD
us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
111000 USD
CY2018Q3 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
0 USD
us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
0 USD
CY2017Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-670000 USD
CY2018Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-1122000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-1122000 USD
CY2017Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
17636000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
56099000 USD
CY2018Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
22660000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
68020000 USD
CY2017Q3 us-gaap Impairment Of Real Estate
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0 USD
CY2018Q3 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
6311000 USD
CY2017Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
14100000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
15050000 USD
CY2018Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
40718000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
42952000 USD
CY2017Q3 us-gaap Income Loss From Subsidiaries Before Tax
IncomeLossFromSubsidiariesBeforeTax
0 USD
us-gaap Income Loss From Subsidiaries Before Tax
IncomeLossFromSubsidiariesBeforeTax
0 USD
CY2018Q3 us-gaap Income Loss From Subsidiaries Before Tax
IncomeLossFromSubsidiariesBeforeTax
0 USD
us-gaap Income Loss From Subsidiaries Before Tax
IncomeLossFromSubsidiariesBeforeTax
0 USD
us-gaap Increase Decrease In Construction Payables
IncreaseDecreaseInConstructionPayables
-38767000 USD
us-gaap Increase Decrease In Construction Payables
IncreaseDecreaseInConstructionPayables
69654000 USD
us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
39925000 USD
us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
42821000 USD
us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
224000 USD
us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
807000 USD
us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
30619000 USD
us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
21897000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
10662000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
21629000 USD
CY2017Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
0 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
0 shares
CY2018Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
744000 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
0 shares
CY2017Q3 us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
698000 shares
us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
430000 shares
CY2018Q3 us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
462000 shares
us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
363000 shares
CY2017Q3 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
17092000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
45325000 USD
CY2018Q3 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
17431000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
46318000 USD
CY2017Q3 us-gaap Interest Costs Incurred
InterestCostsIncurred
48123000 USD
us-gaap Interest Costs Incurred
InterestCostsIncurred
137888000 USD
CY2018Q3 us-gaap Interest Costs Incurred
InterestCostsIncurred
59675000 USD
us-gaap Interest Costs Incurred
InterestCostsIncurred
163574000 USD
CY2017Q3 us-gaap Interest Expense
InterestExpense
31031000 USD
us-gaap Interest Expense
InterestExpense
92563000 USD
CY2018Q3 us-gaap Interest Expense
InterestExpense
42244000 USD
us-gaap Interest Expense
InterestExpense
117256000 USD
us-gaap Interest Paid Net
InterestPaidNet
86232000 USD
us-gaap Interest Paid Net
InterestPaidNet
99638000 USD
CY2018Q3 us-gaap Interest Rate Cash Flow Hedge Derivative At Fair Value Net
InterestRateCashFlowHedgeDerivativeAtFairValueNet
4724000 USD
CY2017Q4 us-gaap Interest Rate Derivative Assets At Fair Value
InterestRateDerivativeAssetsAtFairValue
5260000 USD
CY2018Q3 us-gaap Interest Rate Derivative Assets At Fair Value
InterestRateDerivativeAssetsAtFairValue
4724000 USD
CY2017Q4 us-gaap Interest Rate Derivative Liabilities At Fair Value
InterestRateDerivativeLiabilitiesAtFairValue
103000 USD
CY2018Q3 us-gaap Interest Rate Derivative Liabilities At Fair Value
InterestRateDerivativeLiabilitiesAtFairValue
0 USD
CY2017Q4 us-gaap Investments In And Advances To Affiliates Balance Principal Amount
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0 USD
CY2018Q3 us-gaap Investments In And Advances To Affiliates Balance Principal Amount
InvestmentsInAndAdvancesToAffiliatesBalancePrincipalAmount
0 USD
CY2017Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
110618000 USD
CY2018Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
197970000 USD
CY2017Q4 us-gaap Liabilities
Liabilities
5620784000 USD
CY2018Q3 us-gaap Liabilities
Liabilities
6692182000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
12103953000 USD
CY2018Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
14105566000 USD
CY2017Q4 us-gaap Line Of Credit
LineOfCredit
50000000 USD
CY2018Q3 us-gaap Line Of Credit
LineOfCredit
413000000 USD
CY2017Q4 us-gaap Loans Payable To Bank
LoansPayableToBank
547942000 USD
CY2018Q3 us-gaap Loans Payable To Bank
LoansPayableToBank
347306000 USD
CY2018Q3 us-gaap Long Term Debt
LongTermDebt
5684004000 USD
CY2017Q4 us-gaap Minority Interest
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521994000 USD
CY2018Q3 us-gaap Minority Interest
MinorityInterest
529830000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
23775000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
959852000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1307806000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1313764000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1764149000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
357242000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
414088000 USD
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
53773000 USD
us-gaap Net Income Loss
NetIncomeLoss
129705000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
213636000 USD
us-gaap Net Income Loss
NetIncomeLoss
403996000 USD
CY2017Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
5773000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
18892000 USD
CY2018Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
5723000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
17428000 USD
CY2017Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
51273000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
108564000 USD
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
208940000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
394081000 USD
CY2017Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
51273000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
108564000 USD
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
210241000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
394081000 USD
us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
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420777000 USD
us-gaap Noncontrolling Interest Increase From Sale Of Parent Equity Interest
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15087000 USD
CY2017Q4 us-gaap Notes Receivable Net
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614000 USD
CY2018Q3 us-gaap Notes Receivable Net
NotesReceivableNet
550000 USD
CY2017Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
41387000 USD
CY2018Q3 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
53379000 USD
CY2017Q4 us-gaap Other Assets
OtherAssets
228453000 USD
CY2018Q3 us-gaap Other Assets
OtherAssets
368032000 USD
CY2017Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
15784000 USD
CY2018Q3 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
19864000 USD
CY2017Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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3836000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
7592000 USD
CY2018Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-59000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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-3631000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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17018000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
25896000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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-823000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
343000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
2622000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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-1267000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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-433000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
3836000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
10013000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-59000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-3631000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
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0 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
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CY2018Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
0 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
21197000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
38531000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1326000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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-4064000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
-2482000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
0 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-198000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-1810000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
1432000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
3241000 USD
CY2017Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
145000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
812000 USD
CY2018Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
165000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
2808000 USD
CY2017Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
17018000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
23414000 USD
CY2018Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
0 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
0 USD
CY2017Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
1198000 USD
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
3498000 USD
CY2018Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
3395000 USD
us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
-4700000 USD
us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
-2500000 USD
us-gaap Payments For Repurchase Of Convertible Preferred Stock
PaymentsForRepurchaseOfConvertiblePreferredStock
17934000 USD
us-gaap Payments For Repurchase Of Convertible Preferred Stock
PaymentsForRepurchaseOfConvertiblePreferredStock
0 USD
us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
130350000 USD
us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
0 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
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us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
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us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
8317000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
3905000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
4343000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
19066000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
248000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
77501000 USD
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
0 USD
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
0 USD
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
128190000 USD
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
174195000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
590884000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
947013000 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
660877000 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
663688000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
17432000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
25910000 USD
CY2017Q3 us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
0 USD
us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
11279000 USD
CY2018Q3 us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
0 USD
us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
0 USD
CY2018Q3 us-gaap Preferred Stock Dividends Per Share Declared
PreferredStockDividendsPerShareDeclared
0.4375
us-gaap Preferred Stock Dividends Per Share Declared
PreferredStockDividendsPerShareDeclared
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CY2018Q3 us-gaap Preferred Stock Shares Authorized
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100000000 shares
CY2018Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
2975432 shares
CY2017Q4 us-gaap Prepaid Expense Current And Noncurrent
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10972000 USD
CY2018Q3 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
17179000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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38576000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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68592000 USD
us-gaap Proceeds From Issuance Of Common Stock
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705391000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
696532000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
145272000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
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us-gaap Proceeds From Issuance Of Senior Long Term Debt
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424384000 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
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us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
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us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
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us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
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us-gaap Proceeds From Sale Maturity And Collections Of Investments
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us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
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us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
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us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
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ProfitLoss
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ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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PropertyPlantAndEquipmentNet
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PropertyPlantAndEquipmentNet
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RealEstateInvestmentPropertyNet
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RealEstateInvestmentPropertyNet
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ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
3241000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
2348000000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
3531000000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
2882000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
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us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
200000000 USD
us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
200000000 USD
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
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CY2018Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
29699000 USD
CY2017Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
285370000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
829306000 USD
CY2018Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
341823000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
986996000 USD
CY2017Q4 us-gaap Secured Debt
SecuredDebt
771061000 USD
CY2018Q3 us-gaap Secured Debt
SecuredDebt
632792000 USD
CY2017Q4 us-gaap Senior Long Term Notes
SeniorLongTermNotes
3395804000 USD
CY2018Q3 us-gaap Senior Long Term Notes
SeniorLongTermNotes
4290906000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
18649000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
25209000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
696532000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
5949666000 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
6872783000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6471660000 USD
CY2018Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
7402613000 USD
us-gaap Straight Line Rent
StraightLineRent
74362000 USD
us-gaap Straight Line Rent
StraightLineRent
75960000 USD
CY2017Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
11509000 USD
CY2018Q3 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
10771000 USD
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
93296000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
90766000 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
105385000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
102354000 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
92598000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
90336000 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
104179000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
101991000 shares
us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Organization and basis of presentation</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Alexandria Real Estate Equities, Inc. (NYSE:ARE), an S&amp;P 500</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;"> company, is an urban office REIT uniquely focused on collaborative life science and technology campuses in AAA innovation cluster locations. As used in this </font><font style="font-family:inherit;font-size:10pt;">quarterly report</font><font style="font-family:inherit;font-size:10pt;"> on Form 10&#8209;Q, references to the &#8220;Company,&#8221; &#8220;Alexandria,&#8221; &#8220;ARE,&#8221; &#8220;we,&#8221; &#8220;us,&#8221; and &#8220;our&#8221; refer to Alexandria Real Estate Equities, Inc. and its consolidated subsidiaries. The accompanying unaudited consolidated financial statements include the accounts of Alexandria Real Estate Equities, Inc. and its consolidated subsidiaries. All significant intercompany balances and transactions have been eliminated.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We have prepared the accompanying interim consolidated financial statements in accordance with GAAP and in conformity with the rules&#160;and regulations of the SEC. In our opinion, the interim consolidated financial statements presented herein reflect all adjustments, of a normal recurring nature, that are necessary to fairly present the interim consolidated financial statements. The results of operations for the interim period are not necessarily indicative of the results that may be expected for the year ending </font><font style="font-family:inherit;font-size:10pt;">December 31, 2018</font><font style="font-family:inherit;font-size:10pt;">. These unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto included in our annual report on Form&#160;10&#8209;K for the year ended </font><font style="font-family:inherit;font-size:10pt;">December 31, 2017</font><font style="font-family:inherit;font-size:10pt;">. Any references to our market capitalization, number or quality of buildings or tenants, quality of location, square footage, number of leases, or occupancy percentage, and any amounts derived from these values in these notes to consolidated financial statements, are outside the scope of our independent registered public accounting firm&#8217;s interim review.</font></div></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Use of estimates</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets, liabilities, and equity; the disclosure of contingent assets and liabilities as of the date of the consolidated financial statements; and the amounts of revenues and expenses during the reporting period. Actual results could materially differ from those estimates.</font></div></div>

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