2017 Q3 Form 10-Q Financial Statement

#000136425017000044 Filed on November 08, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2016 Q3
Revenue $208.7M $192.1M
YoY Change 8.65% 20.02%
Cost Of Revenue $68.50M $62.90M
YoY Change 8.9% 13.54%
Gross Profit $140.2M $129.2M
YoY Change 8.51% 23.4%
Gross Profit Margin 67.16% 67.25%
Selling, General & Admin $8.400M $8.100M
YoY Change 3.7% 17.39%
% of Gross Profit 5.99% 6.27%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $69.90M $63.80M
YoY Change 9.56% 22.22%
% of Gross Profit 49.86% 49.38%
Operating Expenses $146.9M $134.8M
YoY Change 8.99% 17.75%
Operating Profit $61.83M $57.32M
YoY Change 7.86% 25.71%
Interest Expense $35.45M $36.48M
YoY Change -2.81% 11.54%
% of Operating Profit 57.35% 63.64%
Other Income/Expense, Net $1.659M $2.916M
YoY Change -43.11% 81.68%
Pretax Income $28.50M $35.80M
YoY Change -20.39% 152.11%
Income Tax
% Of Pretax Income
Net Earnings $25.61M $31.85M
YoY Change -19.57% 163.86%
Net Earnings / Revenue 12.27% 16.58%
Basic Earnings Per Share $0.15 $0.21
Diluted Earnings Per Share $0.15 $0.21
COMMON SHARES
Basic Shares Outstanding 165.5M shares 150.8M shares
Diluted Shares Outstanding 165.5M shares 153.4M shares

Balance Sheet

Concept 2017 Q3 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $167.7M $158.4M
YoY Change 5.87% 1500.0%
Cash & Equivalents $167.7M $158.4M
Short-Term Investments
Other Short-Term Assets $11.50M $11.30M
YoY Change 1.77% 9.71%
Inventory $0.00
Prepaid Expenses
Receivables $2.900M $2.200M
Other Receivables $102.1M $90.40M
Total Short-Term Assets $284.2M $262.3M
YoY Change 8.35% 157.92%
LONG-TERM ASSETS
Property, Plant & Equipment $1.078M $1.199M
YoY Change -10.09% -8.47%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $105.0M $144.9M
YoY Change -27.54% -12.25%
Other Assets $100.0K $200.0K
YoY Change -50.0% -98.94%
Total Long-Term Assets $7.829B $7.383B
YoY Change 6.04% 26.37%
TOTAL ASSETS
Total Short-Term Assets $284.2M $262.3M
Total Long-Term Assets $7.829B $7.383B
Total Assets $8.113B $7.645B
YoY Change 6.12% 28.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $80.60M $59.50M
YoY Change 35.46% 57.82%
Accrued Expenses $9.800M $10.20M
YoY Change -3.92% 8.51%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $178.2M $149.1M
YoY Change 19.52% 28.65%
LONG-TERM LIABILITIES
Long-Term Debt $4.049B $4.402B
YoY Change -8.02% 26.71%
Other Long-Term Liabilities $99.10M $127.3M
YoY Change -22.15% 51.55%
Total Long-Term Liabilities $4.148B $4.529B
YoY Change -8.42% 27.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $178.2M $149.1M
Total Long-Term Liabilities $4.148B $4.529B
Total Liabilities $4.326B $4.678B
YoY Change -7.53% 27.33%
SHAREHOLDERS EQUITY
Retained Earnings -$867.0M -$805.5M
YoY Change 7.63% 6.75%
Common Stock $3.280B $2.721B
YoY Change 20.54% 0.78%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.436B $1.892B
YoY Change
Total Liabilities & Shareholders Equity $8.113B $7.645B
YoY Change 6.12% 28.62%

Cashflow Statement

Concept 2017 Q3 2016 Q3
OPERATING ACTIVITIES
Net Income $25.61M $31.85M
YoY Change -19.57% 163.86%
Depreciation, Depletion And Amortization $69.90M $63.80M
YoY Change 9.56% 22.22%
Cash From Operating Activities $110.1M $98.90M
YoY Change 11.32% 42.3%
INVESTING ACTIVITIES
Capital Expenditures -$215.6M -$392.5M
YoY Change -45.07% 2384.18%
Acquisitions
YoY Change
Other Investing Activities $2.000M $110.2M
YoY Change -98.19% 5147.62%
Cash From Investing Activities -$213.6M -$282.2M
YoY Change -24.31% 1944.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 98.00M 264.6M
YoY Change -62.96% -320.13%
NET CHANGE
Cash From Operating Activities 110.1M 98.90M
Cash From Investing Activities -213.6M -282.2M
Cash From Financing Activities 98.00M 264.6M
Net Change In Cash -5.500M 81.30M
YoY Change -106.77% -226.05%
FREE CASH FLOW
Cash From Operating Activities $110.1M $98.90M
Capital Expenditures -$215.6M -$392.5M
Free Cash Flow $325.7M $491.4M
YoY Change -33.72% 476.08%

Facts In Submission

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us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-38000 USD
CY2016Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
6830000 USD
CY2017Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
2002000 USD
CY2016Q4 us-gaap Development In Process
DevelopmentInProcess
58459000 USD
CY2017Q3 us-gaap Development In Process
DevelopmentInProcess
106891000 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
98501000 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
111177000 USD
CY2016Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.206
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.428
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.154
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.408
CY2016Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
235000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
683000 USD
CY2017Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
257000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
732000 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
1356000 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
4427000 USD
CY2016Q4 us-gaap Equity Method Investment Summarized Financial Information Assets
EquityMethodInvestmentSummarizedFinancialInformationAssets
690028000 USD
CY2017Q3 us-gaap Equity Method Investment Summarized Financial Information Assets
EquityMethodInvestmentSummarizedFinancialInformationAssets
703776000 USD
CY2016Q4 us-gaap Equity Method Investment Summarized Financial Information Equity
EquityMethodInvestmentSummarizedFinancialInformationEquity
241484000 USD
CY2017Q3 us-gaap Equity Method Investment Summarized Financial Information Equity
EquityMethodInvestmentSummarizedFinancialInformationEquity
178808000 USD
us-gaap Equity Method Investment Summarized Financial Information Income Loss From Continuing Operations Before Extraordinary Items
EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromContinuingOperationsBeforeExtraordinaryItems
14235000 USD
us-gaap Equity Method Investment Summarized Financial Information Income Loss From Continuing Operations Before Extraordinary Items
EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromContinuingOperationsBeforeExtraordinaryItems
14918000 USD
CY2016Q4 us-gaap Equity Method Investment Summarized Financial Information Liabilities
EquityMethodInvestmentSummarizedFinancialInformationLiabilities
448544000 USD
CY2017Q3 us-gaap Equity Method Investment Summarized Financial Information Liabilities
EquityMethodInvestmentSummarizedFinancialInformationLiabilities
524968000 USD
us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
6539000 USD
us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
3974000 USD
us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
54104000 USD
us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
56550000 USD
CY2016Q4 us-gaap Equity Method Investments
EquityMethodInvestments
144289000 USD
CY2017Q3 us-gaap Equity Method Investments
EquityMethodInvestments
105016000 USD
us-gaap Escrow Deposit Disbursements Related To Property Acquisition1
EscrowDepositDisbursementsRelatedToPropertyAcquisition1
75000000 USD
us-gaap Escrow Deposit Disbursements Related To Property Acquisition1
EscrowDepositDisbursementsRelatedToPropertyAcquisition1
0 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
5147000 USD
CY2017Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4616000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
14327000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
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
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
0 USD
CY2016Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8099000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
25573000 USD
CY2017Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8441000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
27189000 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
CY2017Q3 us-gaap Income Loss Before Gain Or Loss On Sale Of Properties Extraordinary Items And Cumulative Effects Of Accounting Changes
IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges
28508000 USD
us-gaap Income Loss Before Gain Or Loss On Sale Of Properties Extraordinary Items And Cumulative Effects Of Accounting Changes
IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges
72441000 USD
CY2016Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2334000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
5564000 USD
CY2017Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1137000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
4427000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
37389000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
40110000 USD
us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
1451000 USD
us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
830000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
4179000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
4639000 USD
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
7461000 USD
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
2809000 USD
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
CY2017Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
49000 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
419000 shares
CY2016Q3 us-gaap Interest Expense
InterestExpense
36479000 USD
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
7600000 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
3900000 shares
us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 USD
CY2017Q3 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
2212400000 USD
CY2017Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
8294000 USD
CY2017Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
640000000 USD
CY2017Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
115000000 USD
CY2017Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
325000000 USD
CY2017Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
786944000 USD
us-gaap Interest Expense
InterestExpense
109842000 USD
CY2017Q3 us-gaap Interest Expense
InterestExpense
35454000 USD
us-gaap Interest Expense
InterestExpense
110408000 USD
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
793000 USD
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
1906000 USD
us-gaap Interest Paid Net
InterestPaidNet
104205000 USD
us-gaap Interest Paid Net
InterestPaidNet
103305000 USD
CY2016Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
9561000 USD
CY2017Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
9760000 USD
CY2017Q3 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
-702000 USD
CY2016Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
7221124000 USD
CY2017Q3 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
7735718000 USD
CY2016Q4 us-gaap Land
Land
1022340000 USD
CY2017Q3 us-gaap Land
Land
1055604000 USD
us-gaap Lessor Leasing Arrangements Operating Leases Term Of Contract
LessorLeasingArrangementsOperatingLeasesTermOfContract
P1Y
CY2016Q4 us-gaap Liabilities
Liabilities
4599634000 USD
CY2017Q3 us-gaap Liabilities
Liabilities
4326095000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
7613705000 USD
CY2017Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
8113172000 USD
CY2016Q4 us-gaap Long Term Debt
LongTermDebt
4369537000 USD
CY2017Q3 us-gaap Long Term Debt
LongTermDebt
4048828000 USD
CY2016Q4 us-gaap Minority Interest
MinorityInterest
1092928000 USD
CY2017Q3 us-gaap Minority Interest
MinorityInterest
1351155000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1116181000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
361308000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1325227000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-615175000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
265663000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
308682000 USD
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
31848000 USD
us-gaap Net Income Loss
NetIncomeLoss
65696000 USD
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
25614000 USD
us-gaap Net Income Loss
NetIncomeLoss
64907000 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
CY2017Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2894000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
7534000 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 Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 USD
us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
284248000 USD
CY2017Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
80 office_property
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2016Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
67191000 USD
CY2017Q3 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
69114000 USD
CY2016Q3 us-gaap Operating Expenses
OperatingExpenses
134802000 USD
us-gaap Operating Expenses
OperatingExpenses
383032000 USD
CY2017Q3 us-gaap Operating Expenses
OperatingExpenses
146924000 USD
us-gaap Operating Expenses
OperatingExpenses
426436000 USD
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
57319000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
164876000 USD
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
61825000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
176426000 USD
CY2017Q3 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
50759000 USD
CY2017Q3 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
733000 USD
CY2017Q3 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
733000 USD
CY2017Q3 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
733000 USD
CY2017Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
733000 USD
CY2017Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
733000 USD
CY2017Q3 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
47094000 USD
CY2017Q3 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
2666251000 USD
CY2017Q3 us-gaap Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
528867000 USD
CY2017Q3 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
251975000 USD
CY2017Q3 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
333742000 USD
CY2017Q3 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
416289000 USD
CY2017Q3 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
477732000 USD
CY2017Q3 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
657646000 USD
CY2016Q3 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
183000 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
550000 USD
CY2017Q3 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
183000 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
550000 USD
CY2016Q4 us-gaap Other Assets
OtherAssets
1933000 USD
CY2017Q3 us-gaap Other Assets
OtherAssets
2610000 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
CY2017Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
1493000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
7129000 USD
CY2016Q3 us-gaap Other Expenses
OtherExpenses
2916000 USD
us-gaap Other Expenses
OtherExpenses
7828000 USD
CY2017Q3 us-gaap Other Expenses
OtherExpenses
1659000 USD
us-gaap Other Expenses
OtherExpenses
5156000 USD
CY2016Q3 us-gaap Other Income
OtherIncome
2295000 USD
us-gaap Other Income
OtherIncome
6527000 USD
CY2017Q3 us-gaap Other Income
OtherIncome
2659000 USD
us-gaap Other Income
OtherIncome
7152000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
53467000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
52867000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
41965000 USD
CY2016Q4 us-gaap Other Indefinite Lived Intangible Assets
OtherIndefiniteLivedIntangibleAssets
1988000 USD
CY2017Q3 us-gaap Other Indefinite Lived Intangible Assets
OtherIndefiniteLivedIntangibleAssets
1988000 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
CY2017Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
158000 USD
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
345000 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
57771000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
80102000 USD
us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
826000 USD
us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
0 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
97575000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
107045000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
26185000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
28682000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
18239000 USD
us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
1619760000 USD
us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
532324000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
0 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
2571000 USD
CY2016Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
11914000 USD
CY2017Q3 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
17278000 USD
CY2016Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
6779000 USD
CY2017Q3 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
11481000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
21973000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
49379000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
593272000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
1589500000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
1010500000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
459750000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
284248000 USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
763000 USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
0 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
348203000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
0 USD
CY2016Q3 us-gaap Profit Loss
ProfitLoss
35798000 USD
us-gaap Profit Loss
ProfitLoss
73624000 USD
CY2017Q3 us-gaap Profit Loss
ProfitLoss
28508000 USD
us-gaap Profit Loss
ProfitLoss
72441000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1093000 USD
CY2017Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1078000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1190000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
139000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
49379000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
593272000 USD
CY2016Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1789678000 USD
CY2017Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1959448000 USD
CY2016Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
8998120000 USD
CY2017Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
9635819000 USD
CY2016Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
7208442000 USD
CY2017Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
7676371000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
786156000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
1330945000 USD
CY2016Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
121000 USD
CY2017Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
121000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-820685000 USD
CY2017Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-866954000 USD
CY2016Q3 us-gaap Revenues
Revenues
192121000 USD
us-gaap Revenues
Revenues
547908000 USD
CY2017Q3 us-gaap Revenues
Revenues
208749000 USD
us-gaap Revenues
Revenues
602862000 USD
us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
49400000 USD
us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
593300000 USD
CY2016Q4 us-gaap Security Deposit Liability
SecurityDepositLiability
45990000 USD
CY2017Q3 us-gaap Security Deposit Liability
SecurityDepositLiability
48799000 USD
CY2016Q3 us-gaap Share Based Compensation
ShareBasedCompensation
2300000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
7077000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
7100000 USD
CY2017Q3 us-gaap Share Based Compensation
ShareBasedCompensation
2600000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
7900000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
7910000 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
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
400000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
102500000 USD
us-gaap Stock Issued1
StockIssued1
17733000 USD
us-gaap Stock Issued1
StockIssued1
13261000 USD
us-gaap Stock Issued During Period Shares Conversion Of Units
StockIssuedDuringPeriodSharesConversionOfUnits
1300000 shares
us-gaap Stock Issued During Period Shares Conversion Of Units
StockIssuedDuringPeriodSharesConversionOfUnits
986000 shares
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
1400000 shares
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
15700000 shares
us-gaap Stock Issued During Period Shares Share Based Compensation Gross
StockIssuedDuringPeriodSharesShareBasedCompensationGross
1500000 shares
us-gaap Stock Issued During Period Shares Share Based Compensation Gross
StockIssuedDuringPeriodSharesShareBasedCompensationGross
1300000 shares
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
1921143000 USD
CY2017Q3 us-gaap Stockholders Equity
StockholdersEquity
2435922000 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
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3014071000 USD
CY2017Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3787077000 USD
us-gaap Straight Line Rent
StraightLineRent
10915000 USD
us-gaap Straight Line Rent
StraightLineRent
9012000 USD
CY2016Q3 us-gaap Tenant Reimbursements
TenantReimbursements
12914000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
34111000 USD
CY2017Q3 us-gaap Tenant Reimbursements
TenantReimbursements
15854000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
39705000 USD
CY2017Q3 us-gaap Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
8110000000 USD
CY2017Q3 us-gaap Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
4330000000 USD
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
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
165520000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
158419000 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
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
165471000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
158000000 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:24px;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 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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