2016 Q3 Form 10-Q Financial Statement

#000136425016000096 Filed on November 04, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2015 Q3
Revenue $192.1M $160.1M
YoY Change 20.02% 8.06%
Cost Of Revenue $62.90M $55.40M
YoY Change 13.54% 4.73%
Gross Profit $129.2M $104.7M
YoY Change 23.4% 9.98%
Gross Profit Margin 67.25% 65.41%
Selling, General & Admin $8.100M $6.900M
YoY Change 17.39% 2.99%
% of Gross Profit 6.27% 6.59%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $63.80M $52.20M
YoY Change 22.22% 4.19%
% of Gross Profit 49.38% 49.86%
Operating Expenses $134.8M $114.5M
YoY Change 17.75% 4.4%
Operating Profit $57.32M $45.60M
YoY Change 25.71% 18.49%
Interest Expense $36.48M $32.71M
YoY Change 11.54% 1.89%
% of Operating Profit 63.64% 71.73%
Other Income/Expense, Net $2.916M $1.605M
YoY Change 81.68% -19.06%
Pretax Income $35.80M $14.20M
YoY Change 152.11% 63.22%
Income Tax
% Of Pretax Income
Net Earnings $31.85M $12.07M
YoY Change 163.86% 63.35%
Net Earnings / Revenue 16.58% 7.54%
Basic Earnings Per Share $0.21 $0.08
Diluted Earnings Per Share $0.21 $0.08
COMMON SHARES
Basic Shares Outstanding 150.8M shares 146.3M shares
Diluted Shares Outstanding 153.4M shares 150.7M shares

Balance Sheet

Concept 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $158.4M $9.900M
YoY Change 1500.0% -20.8%
Cash & Equivalents $158.4M $9.930M
Short-Term Investments
Other Short-Term Assets $11.30M $10.30M
YoY Change 9.71% 18.39%
Inventory $0.00
Prepaid Expenses
Receivables $2.200M $2.000M
Other Receivables $90.40M $79.50M
Total Short-Term Assets $262.3M $101.7M
YoY Change 157.92% 3.56%
LONG-TERM ASSETS
Property, Plant & Equipment $1.199M $1.310M
YoY Change -8.47% -99.98%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $144.9M $165.2M
YoY Change -12.25% -5.34%
Other Assets $200.0K $18.80M
YoY Change -98.94% -5.05%
Total Long-Term Assets $7.383B $5.842B
YoY Change 26.37% 3.17%
TOTAL ASSETS
Total Short-Term Assets $262.3M $101.7M
Total Long-Term Assets $7.383B $5.842B
Total Assets $7.645B $5.944B
YoY Change 28.62% 3.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $59.50M $37.70M
YoY Change 57.82% -12.12%
Accrued Expenses $10.20M $9.400M
YoY Change 8.51% 3.3%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $149.1M $115.9M
YoY Change 28.65% -1.11%
LONG-TERM LIABILITIES
Long-Term Debt $4.402B $3.474B
YoY Change 26.71% 8.22%
Other Long-Term Liabilities $127.3M $84.00M
YoY Change 51.55% -25.2%
Total Long-Term Liabilities $4.529B $3.558B
YoY Change 27.29% 7.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $149.1M $115.9M
Total Long-Term Liabilities $4.529B $3.558B
Total Liabilities $4.678B $3.674B
YoY Change 27.33% 6.81%
SHAREHOLDERS EQUITY
Retained Earnings -$805.5M -$754.6M
YoY Change 6.75% 9.81%
Common Stock $2.721B $2.700B
YoY Change 0.78% 0.78%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.892B $1.919B
YoY Change
Total Liabilities & Shareholders Equity $7.645B $5.944B
YoY Change 28.62% 3.18%

Cashflow Statement

Concept 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $31.85M $12.07M
YoY Change 163.86% 63.35%
Depreciation, Depletion And Amortization $63.80M $52.20M
YoY Change 22.22% 4.19%
Cash From Operating Activities $98.90M $69.50M
YoY Change 42.3% 2.36%
INVESTING ACTIVITIES
Capital Expenditures -$392.5M -$15.80M
YoY Change 2384.18% -38.52%
Acquisitions
YoY Change
Other Investing Activities $110.2M $2.100M
YoY Change 5147.62% -41.67%
Cash From Investing Activities -$282.2M -$13.80M
YoY Change 1944.93% -37.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 264.6M -120.2M
YoY Change -320.13% 160.74%
NET CHANGE
Cash From Operating Activities 98.90M 69.50M
Cash From Investing Activities -282.2M -13.80M
Cash From Financing Activities 264.6M -120.2M
Net Change In Cash 81.30M -64.50M
YoY Change -226.05% 16025.0%
FREE CASH FLOW
Cash From Operating Activities $98.90M $69.50M
Capital Expenditures -$392.5M -$15.80M
Free Cash Flow $491.4M $85.30M
YoY Change 476.08% -8.87%

Facts In Submission

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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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56555000 USD
us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Change Due To Net Income Attributable To Parent And Effects Of Changes Net
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62318000 USD
us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Change Due To Net Income Attributable To Parent And Effects Of Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangeDueToNetIncomeAttributableToParentAndEffectsOfChangesNet
82931000 USD
us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesNet
18101000 USD
us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesNet
17235000 USD
us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Purchase Of Interest By Parent
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseOfInterestByParent
0 USD
us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Purchase Of Interest By Parent
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseOfInterestByParent
498000 USD
CY2016Q3 us-gaap Contractual Obligation
ContractualObligation
3000000 USD
CY2015Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3634163000 USD
CY2016Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
4437507000 USD
CY2015Q4 us-gaap Deferred Finance Costs Net
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22887000 USD
CY2016Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
35656000 USD
CY2015Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
79837000 USD
CY2016Q3 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
90480000 USD
CY2015Q4 us-gaap Deferred Revenue
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23673000 USD
CY2016Q3 us-gaap Deferred Revenue
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25117000 USD
CY2015Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
52229000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
153309000 USD
CY2016Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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235000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
683000 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
762000 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
1356000 USD
CY2015Q4 us-gaap Equity Method Investment Summarized Financial Information Assets
EquityMethodInvestmentSummarizedFinancialInformationAssets
691543000 USD
CY2016Q3 us-gaap Equity Method Investment Summarized Financial Information Assets
EquityMethodInvestmentSummarizedFinancialInformationAssets
691473000 USD
CY2015Q4 us-gaap Equity Method Investment Summarized Financial Information Equity
EquityMethodInvestmentSummarizedFinancialInformationEquity
302171000 USD
CY2016Q3 us-gaap Equity Method Investment Summarized Financial Information Equity
EquityMethodInvestmentSummarizedFinancialInformationEquity
241631000 USD
us-gaap Equity Method Investment Summarized Financial Information Income Loss From Continuing Operations Before Extraordinary Items
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10072000 USD
us-gaap Equity Method Investment Summarized Financial Information Income Loss From Continuing Operations Before Extraordinary Items
EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromContinuingOperationsBeforeExtraordinaryItems
14284000 USD
CY2015Q4 us-gaap Equity Method Investment Summarized Financial Information Liabilities
EquityMethodInvestmentSummarizedFinancialInformationLiabilities
389372000 USD
CY2016Q3 us-gaap Equity Method Investment Summarized Financial Information Liabilities
EquityMethodInvestmentSummarizedFinancialInformationLiabilities
449842000 USD
CY2016Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
63827000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
181947000 USD
CY2015Q4 us-gaap Derivative Assets
DerivativeAssets
4830000 USD
CY2016Q3 us-gaap Derivative Assets
DerivativeAssets
0 USD
CY2015Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
16310000 USD
CY2016Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
28046000 USD
CY2015Q4 us-gaap Development In Process
DevelopmentInProcess
26900000 USD
CY2016Q3 us-gaap Development In Process
DevelopmentInProcess
45535000 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
92087000 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
98501000 USD
CY2015Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
32322000 USD
CY2016Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
33248000 USD
CY2015Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.082
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.302
CY2016Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.210
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.440
CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.080
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.293
CY2016Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.206
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.428
CY2015Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
208000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
610000 USD
us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
52500000 USD
us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
54104000 USD
CY2015Q4 us-gaap Equity Method Investments
EquityMethodInvestments
164631000 USD
CY2016Q3 us-gaap Equity Method Investments
EquityMethodInvestments
144930000 USD
CY2015Q4 us-gaap Escrow Deposit
EscrowDeposit
75000000 USD
CY2016Q3 us-gaap Escrow Deposit
EscrowDeposit
0 USD
us-gaap Escrow Deposit Disbursements Related To Property Acquisition1
EscrowDepositDisbursementsRelatedToPropertyAcquisition1
2500000 USD
us-gaap Escrow Deposit Disbursements Related To Property Acquisition1
EscrowDepositDisbursementsRelatedToPropertyAcquisition1
75000000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4484000 USD
CY2016Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4990000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
14327000 USD
CY2015Q3 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
CY2016Q3 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
13245000 USD
us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
14327000 USD
CY2015Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6867000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
21701000 USD
CY2016Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8099000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
25573000 USD
CY2015Q3 us-gaap Income Loss Before Gain Or Loss On Sale Of Properties Extraordinary Items And Cumulative Effects Of Accounting Changes
IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges
14159000 USD
us-gaap Income Loss Before Gain Or Loss On Sale Of Properties Extraordinary Items And Cumulative Effects Of Accounting Changes
IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges
52149000 USD
CY2016Q3 us-gaap Income Loss Before Gain Or Loss On Sale Of Properties Extraordinary Items And Cumulative Effects Of Accounting Changes
IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges
22553000 USD
us-gaap Income Loss Before Gain Or Loss On Sale Of Properties Extraordinary Items And Cumulative Effects Of Accounting Changes
IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges
59297000 USD
CY2015Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
898000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3548000 USD
CY2016Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2334000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
5564000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
14589000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
37389000 USD
us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
48000 USD
us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
1451000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
3084000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
4179000 USD
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
613000 USD
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
7461000 USD
CY2015Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
4409000 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
4429000 shares
CY2016Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
2666000 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
4241000 shares
us-gaap Insured Event Gain Loss
InsuredEventGainLoss
82000 USD
us-gaap Insured Event Gain Loss
InsuredEventGainLoss
0 USD
CY2015Q3 us-gaap Interest Expense
InterestExpense
32705000 USD
us-gaap Interest Expense
InterestExpense
101521000 USD
CY2016Q3 us-gaap Interest Expense
InterestExpense
36479000 USD
us-gaap Interest Expense
InterestExpense
109842000 USD
us-gaap Interest Paid Net
InterestPaidNet
96617000 USD
us-gaap Interest Paid Net
InterestPaidNet
104205000 USD
CY2015Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
10028000 USD
CY2016Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
10195000 USD
CY2016Q3 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
-16448000 USD
CY2015Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
5644546000 USD
CY2016Q3 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
7215310000 USD
CY2015Q4 us-gaap Land
Land
897916000 USD
CY2016Q3 us-gaap Land
Land
1025704000 USD
CY2015Q4 us-gaap Liabilities
Liabilities
3784613000 USD
CY2016Q3 us-gaap Liabilities
Liabilities
4678232000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
6066161000 USD
CY2016Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
7645273000 USD
CY2015Q4 us-gaap Long Term Debt
LongTermDebt
3611276000 USD
CY2016Q3 us-gaap Long Term Debt
LongTermDebt
4401851000 USD
CY2015Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
3691075000 USD
CY2016Q3 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
4482073000 USD
CY2016Q3 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
1782400000 USD
CY2016Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
34693000 USD
CY2016Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
503080000 USD
CY2016Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
325000000 USD
CY2016Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
567444000 USD
CY2016Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
1224890000 USD
CY2015Q4 us-gaap Minority Interest
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355337000 USD
CY2016Q3 us-gaap Minority Interest
MinorityInterest
1074864000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-76844000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1116181000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-137700000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1325227000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
205651000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
265663000 USD
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
12070000 USD
us-gaap Net Income Loss
NetIncomeLoss
44217000 USD
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
31848000 USD
us-gaap Net Income Loss
NetIncomeLoss
65696000 USD
CY2015Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2089000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
7932000 USD
CY2016Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3950000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
7928000 USD
us-gaap Noncontrolling Interest Increase From Sale Of Parent Equity Interest
NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest
291029000 USD
us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
459750000 USD
us-gaap Notes Reduction
NotesReduction
26500000 USD
us-gaap Notes Reduction
NotesReduction
0 USD
us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
2 property
CY2016Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
67 office_property
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2015Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
28605000 USD
CY2016Q3 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
74151000 USD
CY2015Q3 us-gaap Operating Expenses
OperatingExpenses
114482000 USD
us-gaap Operating Expenses
OperatingExpenses
332887000 USD
CY2016Q3 us-gaap Operating Expenses
OperatingExpenses
134802000 USD
us-gaap Operating Expenses
OperatingExpenses
383032000 USD
CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
45595000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
142456000 USD
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
57319000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
164876000 USD
CY2016Q3 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
51492000 USD
CY2016Q3 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
733000 USD
CY2016Q3 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
733000 USD
CY2016Q3 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
733000 USD
CY2016Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
733000 USD
CY2016Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
733000 USD
CY2016Q3 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
47827000 USD
CY2016Q3 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
2419804000 USD
CY2016Q3 us-gaap Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
484558000 USD
CY2016Q3 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
230358000 USD
CY2016Q3 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
301221000 USD
CY2016Q3 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
360404000 USD
CY2016Q3 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
426338000 USD
CY2016Q3 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
616925000 USD
CY2015Q3 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
183000 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
550000 USD
CY2016Q3 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
183000 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
550000 USD
CY2015Q4 us-gaap Other Assets
OtherAssets
2370000 USD
CY2016Q3 us-gaap Other Assets
OtherAssets
2851000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-8237000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
4148000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
18429000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-17069000 USD
CY2015Q3 us-gaap Other Expenses
OtherExpenses
1605000 USD
CY2016Q3 us-gaap Other Expenses
OtherExpenses
1728000 USD
us-gaap Other Expenses
OtherExpenses
4963000 USD
CY2015Q3 us-gaap Other Income
OtherIncome
2129000 USD
us-gaap Other Income
OtherIncome
13103000 USD
CY2016Q3 us-gaap Other Income
OtherIncome
2295000 USD
us-gaap Other Income
OtherIncome
6527000 USD
CY2015Q4 us-gaap Other Indefinite Lived Intangible Assets
OtherIndefiniteLivedIntangibleAssets
1988000 USD
CY2016Q3 us-gaap Other Indefinite Lived Intangible Assets
OtherIndefiniteLivedIntangibleAssets
1988000 USD
CY2015Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
59000 USD
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
224000 USD
CY2016Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
180000 USD
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
365000 USD
us-gaap Partners Capital Account Redemptions
PartnersCapitalAccountRedemptions
826000 USD
us-gaap Partners Capital Account Units Redeemed
PartnersCapitalAccountUnitsRedeemed
25000 shares
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
52833000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
57771000 USD
us-gaap Payments For Proceeds From Real Estate Partnership Investment Net
PaymentsForProceedsFromRealEstatePartnershipInvestmentNet
24000 USD
us-gaap Payments For Proceeds From Real Estate Partnership Investment Net
PaymentsForProceedsFromRealEstatePartnershipInvestmentNet
0 USD
CY2015Q3 us-gaap Profit Loss
ProfitLoss
14159000 USD
us-gaap Profit Loss
ProfitLoss
52149000 USD
CY2016Q3 us-gaap Profit Loss
ProfitLoss
35798000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
91775000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
97575000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
17549000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
26185000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
8164000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
18239000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
53467000 USD
us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
89906000 USD
us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
1619760000 USD
CY2015Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
87720000 USD
CY2016Q3 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
17568000 USD
CY2015Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
6720000 USD
CY2016Q3 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
11343000 USD
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
1000000 USD
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
0 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
5711000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
21973000 USD
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
82000 USD
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
49379000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
1099400000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
1589500000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
459750000 USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
906000 USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
763000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
0 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
348203000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1823000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
us-gaap Profit Loss
ProfitLoss
73624000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1448000 USD
CY2016Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1199000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
151000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1190000 USD
CY2015Q4 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
42943000 USD
CY2016Q3 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
0 USD
CY2015Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1687998000 USD
CY2016Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1855427000 USD
CY2015Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
7266009000 USD
CY2016Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
9082149000 USD
CY2015Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
5578011000 USD
CY2016Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
7226722000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
1060579000 USD
us-gaap Stock Issued1
StockIssued1
18101000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
786156000 USD
CY2015Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
194000 USD
CY2016Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
187000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-772726000 USD
CY2016Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-805529000 USD
CY2015Q3 us-gaap Revenues
Revenues
160077000 USD
us-gaap Revenues
Revenues
475343000 USD
CY2016Q3 us-gaap Revenues
Revenues
192121000 USD
us-gaap Revenues
Revenues
547908000 USD
us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
49400000 USD
us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
1400000 shares
CY2015Q4 us-gaap Secured Debt
SecuredDebt
3634163000 USD
CY2016Q3 us-gaap Secured Debt
SecuredDebt
4437507000 USD
CY2015Q4 us-gaap Security Deposit Liability
SecurityDepositLiability
38683000 USD
CY2016Q3 us-gaap Security Deposit Liability
SecurityDepositLiability
46144000 USD
CY2015Q3 us-gaap Share Based Compensation
ShareBasedCompensation
2000000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
5973000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
6000000 USD
CY2016Q3 us-gaap Share Based Compensation
ShareBasedCompensation
2300000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
7100000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
7077000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
2200000 USD
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
2100000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
104000000 USD
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
13.44
us-gaap Stock Issued1
StockIssued1
17733000 USD
us-gaap Stock Issued During Period Shares Conversion Of Units
StockIssuedDuringPeriodSharesConversionOfUnits
1400000 shares
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
49379000 USD
us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
1800000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1823000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
-53467000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
1926211000 USD
CY2016Q3 us-gaap Stockholders Equity
StockholdersEquity
1892177000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2313724000 USD
CY2015Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2269811000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2281548000 USD
CY2016Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2967041000 USD
us-gaap Straight Line Rent
StraightLineRent
4463000 USD
us-gaap Straight Line Rent
StraightLineRent
10915000 USD
CY2015Q3 us-gaap Tenant Reimbursements
TenantReimbursements
11074000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
32687000 USD
CY2016Q3 us-gaap Tenant Reimbursements
TenantReimbursements
12914000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
34111000 USD
CY2016Q3 us-gaap Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
1810000000 USD
CY2016Q3 us-gaap Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
790700000 USD
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
150740000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
150285000 shares
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
153419000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
152819000 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
146331000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
145856000 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
150753000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
148578000 shares
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make certain estimates and assumptions that affect the reported amounts in the consolidated financial statements and accompanying notes. Actual results could differ materially from those estimates.</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div>

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