2015 Q4 Form 10-Q Financial Statement

#000140810015000198 Filed on November 09, 2015

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2014 Q3
Revenue $166.3M $159.2M $113.7M
YoY Change 17.44% 40.02% 238.39%
Cost Of Revenue $0.00 $1.100M $1.100M
YoY Change -100.0% 0.0% 22.22%
Gross Profit $166.3M $158.1M $112.6M
YoY Change 22.73% 40.41% 245.4%
Gross Profit Margin 100.0% 99.31% 99.03%
Selling, General & Admin $118.1M $11.20M $13.80M
YoY Change 22.64% -18.84% 102.94%
% of Gross Profit 71.02% 7.08% 12.26%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $46.80M $44.90M $34.70M
YoY Change 25.81% 29.39% 671.11%
% of Gross Profit 28.14% 28.4% 30.82%
Operating Expenses $164.9M $99.60M $79.50M
YoY Change 23.52% 25.28% 142.38%
Operating Profit $54.70M $30.60M $11.60M
YoY Change 431.07% 163.79% 22.11%
Interest Expense $11.00M -$27.10M -$17.60M
YoY Change -146.22% 53.98% -233.93%
% of Operating Profit 20.11% -88.56% -151.72%
Other Income/Expense, Net -$5.500M -$21.00M -$8.000M
YoY Change -85.97% 162.5% -29.82%
Pretax Income $49.20M $9.600M $3.600M
YoY Change -270.24% 166.67% -289.47%
Income Tax $20.90M $4.500M $6.600M
% Of Pretax Income 42.48% 46.88% 183.33%
Net Earnings $28.30M $15.40M -$200.0K
YoY Change -238.05% -7800.0% -90.0%
Net Earnings / Revenue 17.02% 9.67% -0.18%
Basic Earnings Per Share $0.25 $0.13 -$0.03
Diluted Earnings Per Share $0.25 $0.13 -$0.03
COMMON SHARES
Basic Shares Outstanding 114.5M shares 107.4M shares 89.27M shares
Diluted Shares Outstanding 107.4M shares 89.27M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $735.9M $541.9M $800.6M
YoY Change -22.06% -32.31% 341.35%
Cash & Equivalents $731.6M $541.6M $787.0M
Short-Term Investments $4.300M $300.0K $13.60M
Other Short-Term Assets $10.10M $15.00M $12.70M
YoY Change -9.82% 18.11% 19.81%
Inventory
Prepaid Expenses
Receivables $54.70M $56.20M $42.20M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $247.4M $225.0M $291.2M
YoY Change 2.49% -22.73% 26.88%
LONG-TERM ASSETS
Property, Plant & Equipment $5.825B $5.484B $3.861B
YoY Change 37.07% 42.04% 638.66%
Goodwill $23.90M $23.90M $23.90M
YoY Change 0.0% 0.0% -0.27%
Intangibles
YoY Change
Long-Term Investments $219.9M $887.7M $447.4M
YoY Change -39.89% 98.41% -39.72%
Other Assets
YoY Change
Total Long-Term Assets $7.348B $7.068B $5.422B
YoY Change 20.65% 30.35% 284.08%
TOTAL ASSETS
Total Short-Term Assets $247.4M $225.0M $291.2M
Total Long-Term Assets $7.348B $7.068B $5.422B
Total Assets $7.596B $7.293B $5.713B
YoY Change 19.95% 27.64% 248.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $22.20M $19.90M $253.8M
YoY Change -91.62% -92.16% 14829.41%
Accrued Expenses $392.0M $348.9M
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 $414.2M $368.8M $253.8M
YoY Change 56.36% 45.31% 330.17%
LONG-TERM LIABILITIES
Long-Term Debt $4.316B $3.999B $2.756B
YoY Change 42.77% 45.12% 249.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $4.316B $3.999B $2.756B
YoY Change 42.77% 45.12% 249.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $414.2M $368.8M $253.8M
Total Long-Term Liabilities $4.316B $3.999B $2.756B
Total Liabilities $4.731B $4.368B $3.010B
YoY Change 43.86% 45.14% 247.7%
SHAREHOLDERS EQUITY
Retained Earnings -$44.20M -$58.90M -$22.60M
YoY Change -28.71% 160.62% -29.48%
Common Stock $0.00 $0.00 $0.00
YoY Change -100.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.134B $1.119B $955.4M
YoY Change
Total Liabilities & Shareholders Equity $7.596B $7.293B $5.713B
YoY Change 19.95% 27.64% 248.12%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income $28.30M $15.40M -$200.0K
YoY Change -238.05% -7800.0% -90.0%
Depreciation, Depletion And Amortization $46.80M $44.90M $34.70M
YoY Change 25.81% 29.39% 671.11%
Cash From Operating Activities $64.00M $76.90M $20.60M
YoY Change 416.13% 273.3% 202.94%
INVESTING ACTIVITIES
Capital Expenditures -$393.6M -$547.3M -$248.4M
YoY Change -7.17% 120.33% 3168.42%
Acquisitions
YoY Change
Other Investing Activities $165.2M $65.00M -$13.80M
YoY Change -264.71% -571.01% -73.56%
Cash From Investing Activities -$228.4M -$482.3M -$262.2M
YoY Change -56.44% 83.94% 338.46%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 339.7M -31.20M 437.3M
YoY Change -51.62% -107.13% 373.78%
NET CHANGE
Cash From Operating Activities 64.00M 76.90M 20.60M
Cash From Investing Activities -228.4M -482.3M -262.2M
Cash From Financing Activities 339.7M -31.20M 437.3M
Net Change In Cash 175.3M -436.6M 195.7M
YoY Change -7.88% -323.1% 397.96%
FREE CASH FLOW
Cash From Operating Activities $64.00M $76.90M $20.60M
Capital Expenditures -$393.6M -$547.3M -$248.4M
Free Cash Flow $457.6M $624.2M $269.0M
YoY Change 4.86% 132.04% 1768.06%

Facts In Submission

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CY2015Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2014Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
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CY2015Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
112883333 shares
CY2014Q4 us-gaap Common Stock Shares Outstanding
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CY2015Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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CY2014Q4 us-gaap Common Stock Value
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CY2015Q3 us-gaap Common Stock Value
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CY2014Q3 us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
28300000 USD
CY2015Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
12600000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
37500000 USD
CY2014Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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23500000 USD
CY2015Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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CY2014Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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51800000 USD
CY2015Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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-55300000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2014Q4 us-gaap Convertible Preferred Stock Nonredeemable Or Redeemable Issuer Option Value
ConvertiblePreferredStockNonredeemableOrRedeemableIssuerOptionValue
0 USD
CY2015Q3 us-gaap Convertible Preferred Stock Nonredeemable Or Redeemable Issuer Option Value
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0 USD
CY2014Q3 us-gaap Cost Of Real Estate Sales
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1100000 USD
us-gaap Cost Of Real Estate Sales
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14600000 USD
CY2015Q3 us-gaap Cost Of Real Estate Sales
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1100000 USD
us-gaap Cost Of Real Estate Sales
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2600000 USD
CY2014Q3 us-gaap Costs And Expenses
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114200000 USD
us-gaap Costs And Expenses
CostsAndExpenses
263500000 USD
CY2015Q3 us-gaap Costs And Expenses
CostsAndExpenses
144500000 USD
us-gaap Costs And Expenses
CostsAndExpenses
407800000 USD
CY2014Q4 us-gaap Deferred Costs And Other Assets
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25800000 USD
CY2015Q3 us-gaap Deferred Costs And Other Assets
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33500000 USD
CY2014Q4 us-gaap Deferred Finance Costs Net
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36000000 USD
CY2015Q3 us-gaap Deferred Finance Costs Net
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44100000 USD
us-gaap Deferred Income Tax Expense Benefit
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40800000 USD
us-gaap Deferred Income Tax Expense Benefit
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2100000 USD
CY2014Q4 us-gaap Deferred Tax Assets Liabilities Net
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27600000 USD
CY2015Q3 us-gaap Deferred Tax Assets Liabilities Net
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36100000 USD
CY2015Q3 us-gaap Deferred Tax Liability Not Recognized Amount Of Unrecognized Deferred Tax Liability Undistributed Earnings Of Foreign Subsidiaries
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7000000 USD
CY2014Q4 us-gaap Deposit Assets
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49900000 USD
CY2015Q3 us-gaap Deposit Assets
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3500000 USD
CY2014Q4 us-gaap Derivative Assets
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30600000 USD
CY2015Q3 us-gaap Derivative Assets
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32700000 USD
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
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CY2014Q3 us-gaap Direct Costs Of Hotels
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16900000 USD
us-gaap Direct Costs Of Hotels
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32100000 USD
CY2015Q3 us-gaap Direct Costs Of Hotels
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22700000 USD
us-gaap Direct Costs Of Hotels
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66100000 USD
CY2014Q3 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
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20900000 USD
us-gaap Direct Costs Of Leased And Rented Property Or Equipment
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37800000 USD
CY2015Q3 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
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29400000 USD
us-gaap Direct Costs Of Leased And Rented Property Or Equipment
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78500000 USD
CY2014Q3 us-gaap Distributed Earnings
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8100000 USD
us-gaap Distributed Earnings
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24100000 USD
CY2015Q3 us-gaap Distributed Earnings
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13000000 USD
us-gaap Distributed Earnings
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37800000 USD
us-gaap Dividends
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31100000 USD
us-gaap Dividends
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42600000 USD
us-gaap Dividends Common Stock Cash
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25000000 USD
us-gaap Dividends Common Stock Cash
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39500000 USD
us-gaap Dividends Preferred Stock
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6100000 USD
us-gaap Dividends Preferred Stock
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3100000 USD
CY2014Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.03
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.47
CY2015Q3 us-gaap Earnings Per Share Basic
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0.13
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.40
CY2014Q3 us-gaap Earnings Per Share Basic Distributed
EarningsPerShareBasicDistributed
0.09
us-gaap Earnings Per Share Basic Distributed
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0.27
CY2015Q3 us-gaap Earnings Per Share Basic Distributed
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0.12
us-gaap Earnings Per Share Basic Distributed
EarningsPerShareBasicDistributed
0.36
CY2014Q3 us-gaap Earnings Per Share Basic Undistributed
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us-gaap Earnings Per Share Basic Undistributed
EarningsPerShareBasicUndistributed
0.20
CY2015Q3 us-gaap Earnings Per Share Basic Undistributed
EarningsPerShareBasicUndistributed
0.01
us-gaap Earnings Per Share Basic Undistributed
EarningsPerShareBasicUndistributed
0.04
CY2014Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.47
CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.13
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.40
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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10800000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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us-gaap Equity Method Investment Dividends Or Distributions
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50800000 USD
CY2014Q4 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
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282600000 USD
CY2015Q3 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
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408900000 USD
us-gaap Gain Loss On Disposition Of Assets1
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4400000 USD
us-gaap Gain Loss On Disposition Of Assets1
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43000000 USD
CY2014Q3 us-gaap Gains Losses On Sales Of Investment Real Estate
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0 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
0 USD
CY2015Q3 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
4600000 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
44700000 USD
CY2014Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
11800000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
28300000 USD
CY2015Q3 us-gaap General And Administrative Expense
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10000000 USD
us-gaap General And Administrative Expense
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31300000 USD
CY2014Q4 us-gaap Goodwill
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23900000 USD
CY2015Q3 us-gaap Goodwill
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23900000 USD
CY2014Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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3600000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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151400000 USD
CY2015Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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9600000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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63200000 USD
CY2014Q3 us-gaap Income Tax Expense Benefit
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6600000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
40800000 USD
CY2015Q3 us-gaap Income Tax Expense Benefit
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4500000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
32500000 USD
us-gaap Income Taxes Paid
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100000 USD
us-gaap Income Taxes Paid
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3000000 USD
us-gaap Increase Decrease In Accounts Receivable
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18000000 USD
us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Accrued Liabilities
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46100000 USD
us-gaap Increase Decrease In Accrued Liabilities
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64200000 USD
us-gaap Increase Decrease In Other Operating Assets
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-400000 USD
us-gaap Increase Decrease In Other Operating Assets
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200000 USD
CY2014Q3 us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
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5700000 USD
us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
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11700000 USD
CY2015Q3 us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
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4600000 USD
us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
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13400000 USD
CY2014Q3 us-gaap Interest Expense Debt
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15900000 USD
us-gaap Interest Expense Debt
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41100000 USD
CY2015Q3 us-gaap Interest Expense Debt
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11700000 USD
us-gaap Interest Expense Debt
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35500000 USD
us-gaap Interest Paid
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74200000 USD
us-gaap Interest Paid
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83000000 USD
CY2014Q3 us-gaap Investment Income Investment Expense
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13800000 USD
us-gaap Investment Income Investment Expense
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30200000 USD
CY2015Q3 us-gaap Investment Income Investment Expense
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31300000 USD
us-gaap Investment Income Investment Expense
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77900000 USD
CY2014Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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492200000 USD
CY2015Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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499600000 USD
CY2014Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures Fair Value Disclosure
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85900000 USD
CY2015Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures Fair Value Disclosure
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVenturesFairValueDisclosure
206100000 USD
CY2014Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
26800000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
79600000 USD
CY2015Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
35200000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
105400000 USD
CY2014Q4 us-gaap Land
Land
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CY2015Q3 us-gaap Land
Land
1394100000 USD
CY2014Q4 us-gaap Liabilities
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3288200000 USD
CY2015Q3 us-gaap Liabilities
Liabilities
4367900000 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
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6332100000 USD
CY2015Q3 us-gaap Liabilities And Stockholders Equity
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7292700000 USD
CY2014Q4 us-gaap Long Term Debt Fair Value
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3044800000 USD
CY2015Q3 us-gaap Long Term Debt Fair Value
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3979600000 USD
CY2014Q4 us-gaap Marketable Securities
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6500000 USD
CY2015Q3 us-gaap Marketable Securities
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300000 USD
CY2014Q4 us-gaap Minority Interest
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2142800000 USD
CY2015Q3 us-gaap Minority Interest
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1805700000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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205800000 USD
us-gaap Minority Interest Decrease From Redemptions
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59500000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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2461200000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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779100000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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85700000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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114200000 USD
CY2014Q3 us-gaap Net Income Loss
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us-gaap Net Income Loss
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50700000 USD
CY2015Q3 us-gaap Net Income Loss
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15400000 USD
us-gaap Net Income Loss
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45700000 USD
CY2014Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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59900000 USD
CY2015Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2014Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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44600000 USD
CY2015Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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14900000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
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42600000 USD
us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
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6500000 USD
CY2014Q4 us-gaap Notes Receivable Net
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313400000 USD
CY2015Q3 us-gaap Notes Receivable Net
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421300000 USD
CY2014Q4 us-gaap Notes Receivable Related Parties
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0 USD
CY2015Q3 us-gaap Notes Receivable Related Parties
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39000000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2014Q3 us-gaap Operating Expenses
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79500000 USD
us-gaap Operating Expenses
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196200000 USD
CY2015Q3 us-gaap Operating Expenses
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99600000 USD
us-gaap Operating Expenses
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288300000 USD
CY2014Q3 us-gaap Operating Income Loss
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11600000 USD
us-gaap Operating Income Loss
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39400000 USD
CY2015Q3 us-gaap Operating Income Loss
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30600000 USD
us-gaap Operating Income Loss
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73700000 USD
CY2014Q3 us-gaap Operating Leases Income Statement Lease Revenue
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70600000 USD
us-gaap Operating Leases Income Statement Lease Revenue
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124400000 USD
CY2015Q3 us-gaap Operating Leases Income Statement Lease Revenue
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106600000 USD
us-gaap Operating Leases Income Statement Lease Revenue
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295300000 USD
CY2014Q4 us-gaap Other Assets
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305100000 USD
CY2015Q3 us-gaap Other Assets
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310500000 USD
CY2014Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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CY2015Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-51800000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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-88000000 USD
CY2014Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-1100000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-1100000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
100000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-98800000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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-2300000 USD
CY2014Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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CY2015Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-700000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2014Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
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0 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
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7100000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
300000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
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-9700000 USD
CY2014Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2015Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
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us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
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CY2014Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
20100000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
16500000 USD
CY2015Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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-8300000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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6700000 USD
CY2014Q3 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
34700000 USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
67300000 USD
CY2015Q3 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
44900000 USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
119500000 USD
CY2014Q3 us-gaap Other Nonoperating Income
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us-gaap Other Nonoperating Income
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1000000 USD
CY2015Q3 us-gaap Other Nonoperating Income
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us-gaap Other Nonoperating Income
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us-gaap Payments For Derivative Instrument Investing Activities
PaymentsForDerivativeInstrumentInvestingActivities
2200000 USD
us-gaap Payments For Derivative Instrument Investing Activities
PaymentsForDerivativeInstrumentInvestingActivities
5200000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2900000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
11400000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
28500000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
15000000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
28400000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
37700000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
22300000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
34600000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
24300000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
205800000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
6100000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
3100000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
139600000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
155200000 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
11500000 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
0 USD
us-gaap Payments To Acquire Mortgage Notes Receivable
PaymentsToAcquireMortgageNotesReceivable
476400000 USD
us-gaap Payments To Acquire Mortgage Notes Receivable
PaymentsToAcquireMortgageNotesReceivable
233900000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
1538200000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
1534000000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
16800000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
59500000 USD
CY2014Q3 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
2000000 USD
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
6100000 USD
CY2015Q3 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
500000 USD
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
3100000 USD
CY2014Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
11200000 USD
CY2015Q3 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
15000000 USD
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
95900000 USD
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
15300000 USD
us-gaap Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
7500000 USD
us-gaap Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
36200000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
99300000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
92000000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
190600000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
215000000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
825100000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
1632200000 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
297200000 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
0 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
90000000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
75000000 USD
CY2015Q3 us-gaap Proceeds From Loans
ProceedsFromLoans
5700000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
12900000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
6500000 USD
us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
-42600000 USD
us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
0 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
0 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
6200000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
16300000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
523400000 USD
CY2014Q3 us-gaap Profit Loss
ProfitLoss
-3000000 USD
us-gaap Profit Loss
ProfitLoss
110600000 USD
CY2015Q3 us-gaap Profit Loss
ProfitLoss
5100000 USD
us-gaap Profit Loss
ProfitLoss
30700000 USD
CY2014Q3 us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
12900000 USD
us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
65000000 USD
CY2015Q3 us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
15100000 USD
us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
47000000 USD
CY2014Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
121800000 USD
CY2015Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
218700000 USD
CY2014Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
4349900000 USD
CY2015Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
5682200000 USD
CY2014Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
4228100000 USD
CY2015Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
5463500000 USD
CY2014Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
113700000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
257000000 USD
CY2015Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
159200000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
437400000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-9700000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
90000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
200000000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
32200000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
620200000 USD
us-gaap Repayments Of Subordinated Debt
RepaymentsOfSubordinatedDebt
40000000 USD
us-gaap Repayments Of Subordinated Debt
RepaymentsOfSubordinatedDebt
0 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-62000000 USD
CY2015Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-58900000 USD
CY2014Q3 us-gaap Revenue From Owned Hotels
RevenueFromOwnedHotels
22900000 USD
us-gaap Revenue From Owned Hotels
RevenueFromOwnedHotels
36900000 USD
CY2015Q3 us-gaap Revenue From Owned Hotels
RevenueFromOwnedHotels
31300000 USD
us-gaap Revenue From Owned Hotels
RevenueFromOwnedHotels
78000000 USD
CY2014Q3 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
6200000 USD
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
47000000 USD
CY2015Q3 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
8000000 USD
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
26700000 USD
CY2014Q3 us-gaap Sales Of Real Estate
SalesOfRealEstate
1600000 USD
us-gaap Sales Of Real Estate
SalesOfRealEstate
19000000 USD
CY2015Q3 us-gaap Sales Of Real Estate
SalesOfRealEstate
1600000 USD
us-gaap Sales Of Real Estate
SalesOfRealEstate
3700000 USD
CY2014Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
2000000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
3800000 USD
CY2015Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
1200000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
4400000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
8700000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
19600000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
215000000 USD
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
11500000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
901100000 USD
CY2015Q3 us-gaap Stockholders Equity
StockholdersEquity
1119100000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3043900000 USD
CY2015Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2924800000 USD
CY2014Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
500000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
2600000 USD
CY2015Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
600000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
1900000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-3800000 USD
CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
89267838 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
90169008 shares
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
107433124 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
105517172 shares
CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
89267838 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
88854215 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
107433124 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
101361606 shares
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain balances included in prior year's financial statements have been reclassified to conform to the current year's presentation.</font></div></div>

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