2018 Q4 Form 10-K Financial Statement

#000143774919002746 Filed on February 15, 2019

View on sec.gov

Income Statement

Concept 2018 Q4 2018 2017 Q4
Revenue $284.2M $1.165B $315.2M
YoY Change -9.84% -3.0% 7.62%
Cost Of Revenue $80.80M $328.6M $84.60M
YoY Change -4.49% 5.63% 3.3%
Gross Profit $203.4M $836.2M $230.7M
YoY Change -11.83% -6.01% 7.25%
Gross Profit Margin 71.57% 71.79% 73.19%
Selling, General & Admin $21.70M $94.10M $33.50M
YoY Change -35.22% -24.17% 22.71%
% of Gross Profit 10.67% 11.25% 14.52%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $74.30M $310.4M $85.00M
YoY Change -12.59% -13.98% -6.49%
% of Gross Profit 36.53% 37.12% 36.84%
Operating Expenses $95.90M $812.2M $118.4M
YoY Change -19.0% -5.93% 0.17%
Operating Profit $107.5M $582.4M $112.3M
YoY Change -4.27% 35.12% 15.89%
Interest Expense -$42.90M $183.3M -$49.30M
YoY Change -12.98% -4.49% 16.27%
% of Operating Profit -39.91% 31.48% -43.9%
Other Income/Expense, Net -$1.600M $16.53M -$4.100M
YoY Change -60.98% 545.88% -356.25%
Pretax Income $247.4M $4.331M $25.70M
YoY Change 862.65% 191.26% -17.1%
Income Tax $2.600M $1.600M $200.0K
% Of Pretax Income 1.05% 36.94% 0.78%
Net Earnings $88.16M $497.8M $84.90M
YoY Change 3.85% 16.83% 8.46%
Net Earnings / Revenue 31.02% 42.74% 26.93%
Basic Earnings Per Share $0.17 $1.02 $0.17
Diluted Earnings Per Share $0.17 $1.02 $0.17
COMMON SHARES
Basic Shares Outstanding 420.6M
Diluted Shares Outstanding 421.4M

Balance Sheet

Concept 2018 Q4 2018 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $153.9M $144.0M $251.8M
YoY Change -38.88% -39.75% 67.2%
Cash & Equivalents $143.6M $144.0M $238.5M
Short-Term Investments $10.30M $13.27M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $185.0M $185.0M $190.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $329.0M $329.0M $429.0M
YoY Change -23.31% -23.31% 32.41%
LONG-TERM ASSETS
Property, Plant & Equipment $9.492B $9.492B $10.22B
YoY Change -7.12% -7.12% 5.04%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $570.9M $773.0M $483.9M
YoY Change 17.99% 8.11% -4.04%
Other Assets $156.0M $156.0M $155.0M
YoY Change 0.65% 0.65% 4.73%
Total Long-Term Assets $10.67B $10.67B $11.33B
YoY Change -5.86% -5.87% 3.93%
TOTAL ASSETS
Total Short-Term Assets $329.0M $329.0M $429.0M
Total Long-Term Assets $10.67B $10.67B $11.33B
Total Assets $11.00B $11.00B $11.76B
YoY Change -6.5% -6.5% 4.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $175.0M $175.0M $186.0M
YoY Change -5.91% -5.91% 27.4%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $305.0M $305.0M $315.0M
YoY Change -3.17% -3.17% 16.24%
LONG-TERM LIABILITIES
Long-Term Debt $4.874B $4.874B $5.479B
YoY Change -11.04% -11.04% 8.15%
Other Long-Term Liabilities $385.0M $385.0M $432.0M
YoY Change -10.88% -10.88% 6.93%
Total Long-Term Liabilities $5.259B $5.259B $5.911B
YoY Change -11.03% -11.03% 8.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $305.0M $305.0M $315.0M
Total Long-Term Liabilities $5.259B $5.259B $5.911B
Total Liabilities $5.564B $5.665B $6.225B
YoY Change -10.62% -11.05% 8.44%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $4.214M $4.256M
YoY Change -0.99% 0.14%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.334B $5.334B $5.394B
YoY Change
Total Liabilities & Shareholders Equity $11.00B $11.00B $11.76B
YoY Change -6.5% -6.5% 4.75%

Cashflow Statement

Concept 2018 Q4 2018 2017 Q4
OPERATING ACTIVITIES
Net Income $88.16M $497.8M $84.90M
YoY Change 3.85% 16.83% 8.46%
Depreciation, Depletion And Amortization $74.30M $310.4M $85.00M
YoY Change -12.59% -13.98% -6.49%
Cash From Operating Activities $121.6M $637.9M $120.4M
YoY Change 1.0% 3.87% -18.43%
INVESTING ACTIVITIES
Capital Expenditures -$158.3M -$536.9M -$151.8M
YoY Change 4.28% 1.13% 62.01%
Acquisitions
YoY Change
Other Investing Activities $181.2M $135.8M
YoY Change 33.43% 1145.87%
Cash From Investing Activities $22.80M $253.6M -$16.00M
YoY Change -242.5% -186.19% -80.68%
FINANCING ACTIVITIES
Cash Dividend Paid $526.9M
YoY Change 4.59%
Common Stock Issuance & Retirement, Net $75.13M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -147.3M -$986.5M -22.50M
YoY Change 554.67% 340.66% -75.73%
NET CHANGE
Cash From Operating Activities 121.6M $637.9M 120.4M
Cash From Investing Activities 22.80M $253.6M -16.00M
Cash From Financing Activities -147.3M -$986.5M -22.50M
Net Change In Cash -2.900M -$94.93M 81.90M
YoY Change -103.54% -198.86% -393.55%
FREE CASH FLOW
Cash From Operating Activities $121.6M $637.9M $120.4M
Capital Expenditures -$158.3M -$536.9M -$151.8M
Free Cash Flow $279.9M $1.175B $272.2M
YoY Change 2.83% 2.6% 12.81%

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286421000
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StockIssuedDuringPeriodValueCommonStock
CY2018 kim Stock Issued During Period Value Common Stock
StockIssuedDuringPeriodValueCommonStock
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526912000
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TaxableIncome
311195000
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236853000
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229840000
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93538000
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92823000
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-250000
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339000
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2100000
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3200000
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4400000
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9800000
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83800000
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CY2017 kim Total Dividends Distributed Percent
TotalDividendsDistributedPercent
CY2016 kim Total Dividends Distributed Percent
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340900000
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3300000
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4500000
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59400000
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76800000
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229200000
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627500000
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24
CY2017Q4 kim Variable Interest Entity Number Of Entities
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27
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14400000
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10
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492416135
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9700000000
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184528000
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189757000
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174903000
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185702000
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6117254000
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6152764000
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4360000
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5699000
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7008000
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13720000
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18983000
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16548000
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18200000
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21600000
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19100000
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1300000
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3100000
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3500000
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79207000
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67331000
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93266000
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10999100000
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9045000
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688326000
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3951000
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5090000
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71160000
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11936000
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0.5427
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688326000
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249000000
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114098000
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57386000
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71160000
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5300000
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4600000
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8000000
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4300000
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6200000
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143581000
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238513000
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238513000
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142486000
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189534000
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143581000
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96027000
CY2016 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2017Q4 us-gaap Commitments And Contingencies
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1.12
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1.09
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1.035
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0.01
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750000000
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750000000
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421388879
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425646380
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4214000
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6900000
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807000
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2436000
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13375000
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6064000
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22137000
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2100000
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3500000
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310380000
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360811000
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355320000
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99000
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10993000
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128892000
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124517000
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58191000
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46600000
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46220000
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0.17
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0.87
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0.79
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0.30
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0.36
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104626000
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58189000
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90589000
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162396000
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66044000
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41949000
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162396000
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66044000
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86796000
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1257000
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1329000
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79200000
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67300000
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4331000
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1487000
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399346000
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239867000
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160848000
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71617000
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60763000
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218714000
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1600000
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78583000
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1100000
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CY2017 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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29364000
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11161000
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4417000
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51220000
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52961000
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65448000
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110000
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192123000
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217584000
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5564365000
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45299000
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33174000
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18965000
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16130000
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683000
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742000
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2583000
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5188000
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7521000
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2663000
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64948000
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23197000
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21838000
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14825000
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4349000
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1297000
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439604000
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372461000
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332630000
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429807000
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370329000
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330612000
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498463000
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439671000
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386138000
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14700000
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-281000
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344000
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178000
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344000
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631000
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451000
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8000
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169552000
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171416000
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13041000
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2559000
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5425000
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2375000
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2132000
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2018000
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900000
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1221000
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23305000
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25679000
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290874000
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206800000
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143489000
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5418000
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5738000
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125000
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PaymentsForProceedsFromLoansReceivable
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PaymentsForProceedsFromOtherInvestingActivities
CY2017 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
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524000
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PaymentsForProceedsFromOtherRealEstatePartnerships
666000
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PaymentsForProceedsFromOtherRealEstatePartnerships
233000
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2631000
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45674000
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526912000
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503793000
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471850000
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PaymentsForRepurchaseOfCommonStock
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4592000
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325228000
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35291000
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CY2018 us-gaap Payments To Acquire Marketable Securities
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CY2016 us-gaap Payments To Acquire Other Investments
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5407000
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153854000
CY2016 us-gaap Payments To Acquire Real Estate
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203190000
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CY2017 us-gaap Preferred Stock Dividend Rate Per Dollar Amount
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CY2016 us-gaap Preferred Stock Redemption Premium
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CY2016 us-gaap Proceeds From Issuance Of First Mortgage Bond
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CY2017Q4 us-gaap Prepaid Expense And Other Assets
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<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" margin: 0pt 0pt 0pt 18pt; text-align: justify; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; text-decoration: underline;">Reclassifications</div></div> <div style=" margin: 0pt 0pt 0pt 18pt; text-align: justify; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</div> <div style=" margin: 0pt 0pt 0pt 18pt; text-align: justify; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">Certain amounts in the prior period have been reclassified in order to conform with the current period&#x2019;s presentation. In conjunction with the adoption of Accounting Standard Update (&#x201c;ASU&#x201d;) <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2014</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">09</div> discussed below, the Company reclassified <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$247.6</div> million and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$239.0</div> million to&nbsp;Reimbursement income and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$23.6</div> million and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$20.0</div> million to&nbsp;Other rental property income from Revenues from rental properties on the Company&#x2019;s Consolidated Statements of Income for the years ended <div style="display: inline; font-style: italic; font-style: normal; font-weight: inherit;"> December 31, 2017 </div>and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016,</div> respectively. The Company reclassified <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$26.8</div> million and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$30.5</div> million of costs related to property management and services of the Company&#x2019;s operating properties from General and administrative to Operating and maintenance on the Company&#x2019;s Consolidated Statements of Income for the years ended <div style="display: inline; font-style: italic; font-style: normal; font-weight: inherit;"> December 31, 2017 </div>and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016,</div> respectively. In addition, in accordance with the SEC&#x2019;s Disclosure Update and Simplification release, dated <div style="display: inline; font-style: italic; font-style: normal; font-weight: inherit;"> August 18, 2018, </div>the Company moved the Gains on sale of operating properties/change in control of interests line on the Company&#x2019;s Consolidated Statements of Income within Operating income and as a result reclassified <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$6.0</div> million from Gain on sale of operating properties/change in control of interests to (Provision)/benefit for income taxes, net on the Company&#x2019;s Consolidated Statements of Income for the year ended <div style="display: inline; font-style: italic; font-style: normal; font-weight: inherit;"> December 31, 2016.</div></div></div></div></div></div></div></div></div></div></div>
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4000000
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400000
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P2Y292D
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7008000
CY2017 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
5699000
CY2018 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
4360000
CY2016 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
21060000
CY2017 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1526000
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5411053000
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5522147000
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5181951000
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5402874000
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest Adjusted Balance1
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1
5530245000
CY2018 us-gaap Straight Line Rent
StraightLineRent
13600000
CY2017 us-gaap Straight Line Rent
StraightLineRent
15700000
CY2018Q4 us-gaap Secured Debt
SecuredDebt
492416000
CY2017Q4 us-gaap Secured Debt
SecuredDebt
882787000
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
18221000
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
21563000
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
19071000
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
8926449
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
10410343
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
10015040
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
5144416
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
3464946
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1641366
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
32.56
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
27.81
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
18.78
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
12400000
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
3400000
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
100000
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
1830893
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
2464920
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
1781321
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
27400000
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
12100000
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
400000
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
9012441
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
6013729
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3464946
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1641366
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
31.09
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
32.09
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
27.81
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
18.78
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
18.03
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
18.20
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
14
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
39.69
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
35.91
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
36.53
CY2016 us-gaap Straight Line Rent
StraightLineRent
16500000
CY2018 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
5236000
CY2017 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
5915000
CY2018 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
-2653000
CY2017Q4 us-gaap Variable Interest Entity Consolidated Liabilities No Recourse
VariableInterestEntityConsolidatedLiabilitiesNoRecourse
417688000
CY2017 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
1310000
CY2018 us-gaap Use Of Estimates
UseOfEstimates
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" margin: 0pt 0pt 0pt 18pt; text-align: justify; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; text-decoration: underline;">Use of</div><div style="display: inline; text-decoration: underline;"> Estimates</div></div> <div style=" margin: 0pt 0pt 0pt 18pt; text-align: justify; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</div> <div style=" margin: 0pt 0pt 0pt 18pt; text-align: justify; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">GAAP requires the Company's management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities and the reported amounts of revenues and expenses during a reporting period. The most significant assumptions and estimates relate to the valuation of real estate and related intangible assets and liabilities, equity method investments, other investments, including the assessment of impairments, as well as, depreciable lives, revenue recognition, the collectability of trade accounts receivable, realizability of deferred tax assets and the assessment of uncertain tax positions. Application of these assumptions requires the exercise of judgment as to future uncertainties, and, as a result, actual results could differ from these estimates.</div></div></div></div></div></div></div></div></div></div>
CY2018 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
1600000
CY2016 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
55600000
CY2018Q4 us-gaap Variable Interest Entity Consolidated Assets Pledged
VariableInterestEntityConsolidatedAssetsPledged
239012000
CY2017Q4 us-gaap Variable Interest Entity Consolidated Assets Pledged
VariableInterestEntityConsolidatedAssetsPledged
644990000
CY2018Q4 us-gaap Variable Interest Entity Consolidated Liabilities No Recourse
VariableInterestEntityConsolidatedLiabilitiesNoRecourse
143186000
CY2018 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
628000
CY2017 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
405000
CY2016 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1307000
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
421379000
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
424019000
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
419709000
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
420641000
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
423614000
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
418402000

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