2018 Q2 Form 10-Q Financial Statement

#000168722918000060 Filed on August 10, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $432.4M $242.2M
YoY Change 78.53% 5.08%
Cost Of Revenue $179.8M $102.0M
YoY Change 76.27% 3.24%
Gross Profit $252.7M $140.2M
YoY Change 80.24% 6.45%
Gross Profit Margin 58.44% 57.88%
Selling, General & Admin $20.40M $18.40M
YoY Change 10.87% 19.48%
% of Gross Profit 8.07% 13.12%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $146.5M $67.52M
YoY Change 116.91% 2.17%
% of Gross Profit 57.95% 48.16%
Operating Expenses $355.0M $188.6M
YoY Change 88.19% 4.3%
Operating Profit $77.47M $53.59M
YoY Change 44.54% 7.94%
Interest Expense $97.23M $57.36M
YoY Change 69.51% -18.67%
% of Operating Profit 125.51% 107.02%
Other Income/Expense, Net -$95.60M -$58.23M
YoY Change 64.18% -17.22%
Pretax Income -$14.20M $5.500M
YoY Change -358.18% -127.92%
Income Tax
% Of Pretax Income
Net Earnings -$13.95M $5.529M
YoY Change -352.23% -128.11%
Net Earnings / Revenue -3.23% 2.28%
Basic Earnings Per Share -$0.03 $0.02
Diluted Earnings Per Share -$0.03 $0.02
COMMON SHARES
Basic Shares Outstanding 520.5M shares 311.8M shares
Diluted Shares Outstanding 520.5M shares 312.3M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $167.0M $159.0M
YoY Change 5.03% -47.0%
Cash & Equivalents $166.9M $158.9M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $26.00M $10.00M
Other Receivables $0.00 $0.00
Total Short-Term Assets $193.0M $169.0M
YoY Change 14.2% -45.48%
LONG-TERM ASSETS
Property, Plant & Equipment $17.98M $6.001M
YoY Change 199.62% -99.93%
Goodwill $258.2M
YoY Change
Intangibles
YoY Change
Long-Term Investments $56.82M $230.0M
YoY Change -75.29% 10.05%
Other Assets $368.0M $191.0M
YoY Change 92.67% -30.55%
Total Long-Term Assets $18.47B $9.350B
YoY Change 97.56% -2.69%
TOTAL ASSETS
Total Short-Term Assets $193.0M $169.0M
Total Long-Term Assets $18.47B $9.350B
Total Assets $18.67B $9.519B
YoY Change 96.08% -4.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $222.0M $111.0M
YoY Change 100.0% -3.48%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $374.0M $200.0M
YoY Change 87.0% 0.0%
LONG-TERM LIABILITIES
Long-Term Debt $9.663B $5.645B
YoY Change 71.18% -26.63%
Other Long-Term Liabilities $45.00M $30.00M
YoY Change 50.0% 42.86%
Total Long-Term Liabilities $9.708B $5.675B
YoY Change 71.07% -26.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $374.0M $200.0M
Total Long-Term Liabilities $9.708B $5.675B
Total Liabilities $10.08B $5.875B
YoY Change 71.59% -25.77%
SHAREHOLDERS EQUITY
Retained Earnings -$303.8M -$38.80M
YoY Change 683.01%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.440B $3.644B
YoY Change
Total Liabilities & Shareholders Equity $18.67B $9.519B
YoY Change 96.08% -4.03%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income -$13.95M $5.529M
YoY Change -352.23% -128.11%
Depreciation, Depletion And Amortization $146.5M $67.52M
YoY Change 116.91% 2.17%
Cash From Operating Activities $180.2M $93.80M
YoY Change 92.11% 19.04%
INVESTING ACTIVITIES
Capital Expenditures -$31.40M -$11.50M
YoY Change 173.04% -12.21%
Acquisitions
YoY Change
Other Investing Activities -$55.90M -$28.80M
YoY Change 94.1% -74.54%
Cash From Investing Activities -$87.40M -$40.40M
YoY Change 116.34% -67.99%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -73.70M -92.80M
YoY Change -20.58% -219.59%
NET CHANGE
Cash From Operating Activities 180.2M 93.80M
Cash From Investing Activities -87.40M -40.40M
Cash From Financing Activities -73.70M -92.80M
Net Change In Cash 19.10M -39.40M
YoY Change -148.48% -230.46%
FREE CASH FLOW
Cash From Operating Activities $180.2M $93.80M
Capital Expenditures -$31.40M -$11.50M
Free Cash Flow $211.6M $105.3M
YoY Change 100.95% 14.58%

Facts In Submission

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120528000 USD
CY2018Q2 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
120114000 USD
CY2017Q2 us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-50000 USD
us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-3802000 USD
CY2018Q2 us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-598000 USD
us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-345000 USD
CY2017Q2 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
10162000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
24483000 USD
CY2018Q2 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
3941000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
9443000 USD
CY2017Q2 us-gaap Gain Loss On Sale Of Properties Applicable Income Taxes
GainLossOnSaleOfPropertiesApplicableIncomeTaxes
853000 USD
us-gaap Gain Loss On Sale Of Properties Applicable Income Taxes
GainLossOnSaleOfPropertiesApplicableIncomeTaxes
1987000 USD
CY2018Q2 us-gaap Gain Loss On Sale Of Properties Applicable Income Taxes
GainLossOnSaleOfPropertiesApplicableIncomeTaxes
455000 USD
us-gaap Gain Loss On Sale Of Properties Applicable Income Taxes
GainLossOnSaleOfPropertiesApplicableIncomeTaxes
849000 USD
CY2017Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
18426000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
76692000 USD
CY2018Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
24636000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
52272000 USD
CY2017Q4 us-gaap Goodwill
Goodwill
258207000 USD
CY2018Q2 us-gaap Goodwill
Goodwill
258207000 USD
CY2017Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
378545000 USD
CY2018Q2 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
483381000 USD
CY2017Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
0 USD
CY2018Q2 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
0 USD
CY2017Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
0 USD
CY2018Q2 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
0 USD
CY2017Q2 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
95000 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
1132000 USD
CY2018Q2 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
1671000 USD
CY2017Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-4633000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-61345000 USD
CY2018Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-18129000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-41211000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1987000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1373000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
24054000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
29688000 USD
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-814000 USD
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-10831000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
8564000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
7668000 USD
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
2268000 USD
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
5386000 USD
CY2017Q2 us-gaap Interest Expense
InterestExpense
57358000 USD
us-gaap Interest Expense
InterestExpense
125930000 USD
CY2018Q2 us-gaap Interest Expense
InterestExpense
97226000 USD
us-gaap Interest Expense
InterestExpense
189525000 USD
us-gaap Interest Paid Net
InterestPaidNet
110561000 USD
us-gaap Interest Paid Net
InterestPaidNet
174915000 USD
CY2018Q2 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
37388000 USD
CY2017Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
13740981000 USD
CY2018Q2 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
13808251000 USD
CY2017Q4 us-gaap Land
Land
4646917000 USD
CY2018Q2 us-gaap Land
Land
4635181000 USD
CY2017Q4 us-gaap Liabilities
Liabilities
10033763000 USD
CY2018Q2 us-gaap Liabilities
Liabilities
10081785000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
18683638000 USD
CY2018Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
18665362000 USD
CY2018Q2 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
9036578 shares
CY2017Q4 us-gaap Line Of Credit
LineOfCredit
35000000 USD
CY2018Q2 us-gaap Line Of Credit
LineOfCredit
0 USD
CY2017Q1 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
2500000000 USD
CY2018Q2 us-gaap Long Term Debt
LongTermDebt
9662765000 USD
CY2018Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
996279000 USD
CY2018Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
1845000000 USD
CY2018Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 USD
CY2018Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
3270717000 USD
CY2018Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
3042264000 USD
CY2018Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
604735000 USD
CY2017Q2 us-gaap Loss Contingency Loss In Period
LossContingencyLossInPeriod
0 USD
us-gaap Loss Contingency Loss In Period
LossContingencyLossInPeriod
0 USD
CY2018Q2 us-gaap Loss Contingency Loss In Period
LossContingencyLossInPeriod
0 USD
us-gaap Loss Contingency Loss In Period
LossContingencyLossInPeriod
0 USD
CY2017Q4 us-gaap Minority Interest
MinorityInterest
151790000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
2033000 USD
CY2018Q2 us-gaap Minority Interest
MinorityInterest
143917000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-280910000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-127601000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-11961000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-189374000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
169858000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
310335000 USD
us-gaap Net Income Loss
NetIncomeLoss
-19983000 USD
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
5529000 USD
us-gaap Net Income Loss
NetIncomeLoss
-36862000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
-13946000 USD
us-gaap Net Income Loss
NetIncomeLoss
-31215000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2017Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2018Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-242000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-553000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-20092000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-20092000 USD
CY2017Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
5420000 USD
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-14155000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-31646000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-20092000 USD
CY2017Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
5420000 USD
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-14155000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-31646000 USD
CY2017Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-58227000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-127025000 USD
CY2018Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-95595000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-186158000 USD
CY2017Q2 us-gaap Operating Expenses
OperatingExpenses
188622000 USD
us-gaap Operating Expenses
OperatingExpenses
415286000 USD
CY2018Q2 us-gaap Operating Expenses
OperatingExpenses
354960000 USD
us-gaap Operating Expenses
OperatingExpenses
711148000 USD
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
53594000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
65680000 USD
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
77466000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
144947000 USD
CY2017Q2 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
228504000 USD
us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
454600000 USD
CY2018Q2 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
403848000 USD
us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
799640000 USD
CY2017Q4 us-gaap Other Assets
OtherAssets
696605000 USD
CY2018Q2 us-gaap Other Assets
OtherAssets
875147000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease Adjustments After Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAdjustmentsAfterTax
-6059000 USD
us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease Adjustments After Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAdjustmentsAfterTax
-8770000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease Adjustments After Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAdjustmentsAfterTax
3596000 USD
us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease Adjustments After Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAdjustmentsAfterTax
3325000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease Before Adjustments After Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseBeforeAdjustmentsAfterTax
-14759000 USD
us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease Before Adjustments After Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseBeforeAdjustmentsAfterTax
-4198000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease Before Adjustments After Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseBeforeAdjustmentsAfterTax
15826000 USD
us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease Before Adjustments After Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseBeforeAdjustmentsAfterTax
75726000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-8700000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
4572000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
12230000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
72401000 USD
CY2017Q4 us-gaap Other Liabilities
OtherLiabilities
41999000 USD
CY2018Q2 us-gaap Other Liabilities
OtherLiabilities
45410000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
922000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
1638000 USD
CY2017Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-869000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1095000 USD
CY2018Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1631000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3367000 USD
CY2017 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Portion Attributable To Parent Heldtomaturity Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParentHeldtomaturitySecurities
0 USD
us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Portion Attributable To Parent Heldtomaturity Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParentHeldtomaturitySecurities
0 USD
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
109000 USD
CY2017Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
109000 USD
CY2018Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
209000 USD
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
431000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
13026000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
25750000 USD
us-gaap Payments For Proceeds From Other Deposits
PaymentsForProceedsFromOtherDeposits
-89000 USD
us-gaap Payments For Proceeds From Other Deposits
PaymentsForProceedsFromOtherDeposits
-9273000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
8314000 USD
CY2017Q1 us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
1153000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
42065000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
42489000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
18816000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
114991000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
1153000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
0 USD
CY2017Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
5726000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
2757000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 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
7421000 USD
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
51920000 USD
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
163719000 USD
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
21133000 USD
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
60916000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1494000 USD
us-gaap Payments To Acquire Residential Real Estate
PaymentsToAcquireResidentialRealEstate
84632000 USD
us-gaap Payments To Acquire Residential Real Estate
PaymentsToAcquireResidentialRealEstate
120149000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
2033000 USD
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2018Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2017Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
900000000 shares
CY2018Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
900000000 shares
CY2017Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
900000000 shares
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2018Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017Q4 us-gaap Preferred Stock Value Outstanding
PreferredStockValueOutstanding
0 USD
CY2018Q2 us-gaap Preferred Stock Value Outstanding
PreferredStockValueOutstanding
0 USD
CY2017Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
37869000 USD
CY2018Q2 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
38108000 USD
CY2017Q1 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
1692058000 USD
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
1692058000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
996420000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
3274179000 USD
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
1500000000 USD
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
0 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
100000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1258000 USD
us-gaap Proceeds From Sale Of Held To Maturity Securities
ProceedsFromSaleOfHeldToMaturitySecurities
30916000 USD
us-gaap Proceeds From Sale Of Held To Maturity Securities
ProceedsFromSaleOfHeldToMaturitySecurities
59213000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
129239000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
122820000 USD
us-gaap Profit Loss
ProfitLoss
-36862000 USD
CY2017Q1 us-gaap Profit Loss
ProfitLoss
16879000 USD
CY2017Q2 us-gaap Profit Loss
ProfitLoss
5529000 USD
us-gaap Profit Loss
ProfitLoss
-36862000 USD
CY2018Q2 us-gaap Profit Loss
ProfitLoss
-14188000 USD
us-gaap Profit Loss
ProfitLoss
-31768000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
16595000 USD
CY2018Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
17980000 USD
CY2017Q4 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
46814000 USD
CY2018Q2 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
69238000 USD
CY2017Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
62938000 USD
CY2018Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
65203000 USD
CY2017Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1075634000 USD
CY2018Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1321346000 USD
CY2017Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
18387898000 USD
CY2018Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
18443432000 USD
CY2017Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
17312264000 USD
CY2018Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
17122086000 USD
CY2017Q4 us-gaap Real Estate Investments Other
RealEstateInvestmentsOther
536297000 USD
CY2018Q2 us-gaap Real Estate Investments Other
RealEstateInvestmentsOther
536264000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
135000000 USD
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
2321585000 USD
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
0 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
2083012000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
3198588000 USD
CY2016Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
222092000 USD
CY2017Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
138264000 USD
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
236684000 USD
CY2018Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
243048000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-157595000 USD
CY2018Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-303801000 USD
CY2017Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
13712000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
26366000 USD
CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
28578000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
56455000 USD
CY2017Q2 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
0 USD
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
0 USD
CY2018Q2 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
692000 USD
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
1399000 USD
CY2017Q2 us-gaap Revenues
Revenues
242216000 USD
us-gaap Revenues
Revenues
480966000 USD
CY2018Q2 us-gaap Revenues
Revenues
432426000 USD
us-gaap Revenues
Revenues
856095000 USD
CY2017Q1 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
310376634 shares
CY2017Q4 us-gaap Secured Debt
SecuredDebt
7580153000 USD
CY2018Q2 us-gaap Secured Debt
SecuredDebt
7620487000 USD
CY2017Q4 us-gaap Security Deposit Liability
SecurityDepositLiability
146689000 USD
CY2018Q2 us-gaap Security Deposit Liability
SecurityDepositLiability
152075000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
52460000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
17514000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
139554 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
22.62
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
1025307 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
22.11
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
3104004 shares
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
2770178 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
20.79
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
21.82
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
1219579 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
21.45
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.173
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.145
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0238
us-gaap Stock Issued During Period Shares Conversion Of Units
StockIssuedDuringPeriodSharesConversionOfUnits
405037 shares
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
1320227 shares
us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
915190 shares
us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-7421000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
8498085000 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
8439660000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
8649875000 USD
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
8583577000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-3802000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-5852000 USD
CY2017Q4 us-gaap Unsecured Debt
UnsecuredDebt
1487973000 USD
CY2018Q2 us-gaap Unsecured Debt
UnsecuredDebt
1489417000 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
311723463 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
311723463 shares
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
312271578 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
520509058 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
520087371 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
311723463 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
311723463 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
311771221 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
520509058 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
520087371 shares
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;padding-top:12px;text-align:left;text-indent:0px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:italic;font-weight:normal;text-decoration:none;">Use of Estimates</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:0px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">The preparation of the condensed consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements, as well as the reported amounts of revenues and expenses during the reporting periods. These estimates are inherently subjective in nature and actual results could differ from those estimates.</font></div></div>

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