2015 Q4 Form 10-K Financial Statement

#000104277617000037 Filed on February 21, 2017

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2015 Q2
Revenue $139.5M $148.8M $146.7M
YoY Change -4.94% 2.89% 5.88%
Cost Of Revenue $54.60M $61.70M $61.50M
YoY Change -11.94% -0.48% 7.71%
Gross Profit $84.80M $87.10M $85.30M
YoY Change 0.12% 5.45% 4.79%
Gross Profit Margin 60.81% 58.53% 58.13%
Selling, General & Admin $7.600M $8.200M $8.100M
YoY Change 20.63% 41.38% 14.08%
% of Gross Profit 8.96% 9.41% 9.5%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $48.10M $31.20M $51.20M
YoY Change -3.41% -37.23% 7.79%
% of Gross Profit 56.72% 35.82% 60.02%
Operating Expenses $55.90M $149.9M $125.9M
YoY Change 0.0% 27.68% 12.4%
Operating Profit $28.94M -$1.133M $20.82M
YoY Change 0.52% -104.17% -21.58%
Interest Expense -$17.80M $18.83M $18.17M
YoY Change -4.81% 0.95% 0.89%
% of Operating Profit -61.51% 87.26%
Other Income/Expense, Net $300.0K -$17.89M -$17.45M
YoY Change -0.86% 1.28%
Pretax Income $8.000M -$19.00M $3.400M
YoY Change -36.51% -306.52% -63.44%
Income Tax
% Of Pretax Income
Net Earnings $125.6M -$1.875M $29.98M
YoY Change 904.03% -120.46% 144.12%
Net Earnings / Revenue 90.09% -1.26% 20.43%
Basic Earnings Per Share
Diluted Earnings Per Share $55.18K -$127.6K $22.11K
COMMON SHARES
Basic Shares Outstanding 145.5M shares 148.9M shares 153.6M shares
Diluted Shares Outstanding 149.2M shares 153.8M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.400M $7.700M $9.000M
YoY Change -56.1% -12.5% 4.65%
Cash & Equivalents $5.441M $7.702M $8.997M
Short-Term Investments
Other Short-Term Assets $24.80M $31.80M $32.80M
YoY Change -3.5% -13.35% 2.18%
Inventory $76.60M $470.8M $26.10M
Prepaid Expenses
Receivables $219.1M $221.2M $242.1M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $325.9M $731.5M $310.0M
YoY Change -55.92% 207.61% 39.83%
LONG-TERM ASSETS
Property, Plant & Equipment $3.535B $3.403B $3.916B
YoY Change 1.62% -14.59% 0.47%
Goodwill $180.1M $180.1M $180.1M
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $7.600M $7.700M $7.700M
YoY Change -2.56% 1.32% 2.67%
Other Assets $301.7M $357.3M $295.5M
YoY Change -3.27% 21.57% 4.01%
Total Long-Term Assets $4.109B $4.008B $4.471B
YoY Change 1.49% -11.72% 0.7%
TOTAL ASSETS
Total Short-Term Assets $325.9M $731.5M $310.0M
Total Long-Term Assets $4.109B $4.008B $4.471B
Total Assets $4.435B $4.740B $4.781B
YoY Change -7.38% -0.8% 2.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $128.5M $132.7M $128.9M
YoY Change -4.1% -1.92% 2.06%
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 $128.5M $132.7M $128.9M
YoY Change -4.1% -1.92% 2.06%
LONG-TERM LIABILITIES
Long-Term Debt $2.030B $2.428B $2.320B
YoY Change -10.59% 8.71% 10.12%
Other Long-Term Liabilities $80.10M $86.10M $76.30M
YoY Change 11.4% 22.48% 7.01%
Total Long-Term Liabilities $2.110B $2.514B $2.397B
YoY Change -9.92% 9.13% 10.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $128.5M $132.7M $128.9M
Total Long-Term Liabilities $2.110B $2.514B $2.397B
Total Liabilities $2.238B $2.647B $2.525B
YoY Change -9.6% 8.51% 9.58%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $3.671B $3.671B $3.670B
YoY Change 0.1% -0.01% -0.01%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.195B $2.092B $2.255B
YoY Change
Total Liabilities & Shareholders Equity $4.435B $4.740B $4.781B
YoY Change -7.38% -0.8% 2.56%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2015 Q2
OPERATING ACTIVITIES
Net Income $125.6M -$1.875M $29.98M
YoY Change 904.03% -120.46% 144.12%
Depreciation, Depletion And Amortization $48.10M $31.20M $51.20M
YoY Change -3.41% -37.23% 7.79%
Cash From Operating Activities $91.10M $37.80M $51.00M
YoY Change 55.99% -22.22% 31.44%
INVESTING ACTIVITIES
Capital Expenditures -$348.7M -$50.10M -$26.40M
YoY Change 550.56% -62.78% -62.55%
Acquisitions
YoY Change
Other Investing Activities $682.8M $50.50M $55.80M
YoY Change -5742.98% -643.01% 145.81%
Cash From Investing Activities $334.1M $300.0K $29.50M
YoY Change -609.3% -100.21% -161.59%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -428.0M -39.40M -78.90M
YoY Change -4062.96% -141.21% -1050.6%
NET CHANGE
Cash From Operating Activities 91.10M 37.80M 51.00M
Cash From Investing Activities 334.1M 300.0K 29.50M
Cash From Financing Activities -428.0M -39.40M -78.90M
Net Change In Cash -2.800M -1.300M 1.600M
YoY Change -177.78% -750.0% -300.0%
FREE CASH FLOW
Cash From Operating Activities $91.10M $37.80M $51.00M
Capital Expenditures -$348.7M -$50.10M -$26.40M
Free Cash Flow $439.8M $87.90M $77.40M
YoY Change 292.68% -52.02% -29.19%

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CY2014 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2700000 USD
CY2015 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2800000 USD
CY2014 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
200000 USD
CY2015 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
200000 USD
CY2016 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
200000 USD
CY2014 us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
56579000 USD
CY2015 us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
60886000 USD
CY2016 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2900000 USD
CY2014 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1578000 USD
CY2015 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1768000 USD
CY2016 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1702000 USD
CY2014 us-gaap Amortization Of Intangible Assets
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56327000 USD
CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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1661000 USD
CY2016Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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2104000 USD
CY2015Q4 us-gaap Additional Paid In Capital Common Stock
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3669977000 USD
CY2016Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
3673128000 USD
CY2015 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
326000 USD
CY2016 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
342000 USD
CY2014 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5300000 USD
CY2015 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8900000 USD
CY2016 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8000000 USD
CY2015Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
83000 USD
CY2016Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
197000 USD
CY2014 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
4727000 USD
CY2015 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
4571000 USD
CY2016 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
5066000 USD
CY2015 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
61221000 USD
CY2016 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
74373000 USD
CY2014 us-gaap Amortization Of Lease Incentives
AmortizationOfLeaseIncentives
4200000 USD
CY2015 us-gaap Amortization Of Lease Incentives
AmortizationOfLeaseIncentives
4700000 USD
CY2016 us-gaap Amortization Of Lease Incentives
AmortizationOfLeaseIncentives
3900000 USD
CY2014 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
CY2015 us-gaap Asset Impairment Charges
AssetImpairmentCharges
40169000 USD
CY2016 us-gaap Asset Impairment Charges
AssetImpairmentCharges
30898000 USD
CY2015Q4 us-gaap Assets
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4434535000 USD
CY2016Q4 us-gaap Assets
Assets
4449347000 USD
CY2016Q4 us-gaap Below Market Lease Amortization Income After Year Five
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11989000 USD
CY2016Q4 us-gaap Below Market Lease Amortization Income Next Twelve Months
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9138000 USD
CY2016Q4 us-gaap Below Market Lease Amortization Income Year Five
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5468000 USD
CY2016Q4 us-gaap Below Market Lease Amortization Income Year Four
BelowMarketLeaseAmortizationIncomeYearFour
5670000 USD
CY2016Q4 us-gaap Below Market Lease Amortization Income Year Three
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7270000 USD
CY2016Q4 us-gaap Below Market Lease Amortization Income Year Two
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8470000 USD
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0 USD
CY2015Q4 us-gaap Below Market Lease Gross
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85168000 USD
CY2016Q4 us-gaap Below Market Lease Gross
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97230000 USD
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48005000 USD
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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6973000 USD
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
12306000 USD
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5441000 USD
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6992000 USD
CY2014 us-gaap Cash And Cash Equivalents Period Increase Decrease
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5333000 USD
CY2015 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-6865000 USD
CY2016 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
1551000 USD
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0 USD
CY2016Q4 us-gaap Commitments And Contingencies
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0 USD
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CommonStockDividendsPerShareCashPaid
0.81
CY2015 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.84
CY2016 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.84
CY2015Q1 us-gaap Common Stock Dividends Per Share Declared
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0.21
CY2015Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.21
CY2015Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.21
CY2015Q4 us-gaap Common Stock Dividends Per Share Declared
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0.21
CY2016Q1 us-gaap Common Stock Dividends Per Share Declared
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0.21
CY2016Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.21
CY2016Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.21
CY2016Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.21
CY2016Q4 us-gaap Common Stock Held In Trust
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0 USD
CY2015Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2016Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2015Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
750000000 shares
CY2016Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
750000000 shares
CY2015Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
145511644 shares
CY2016Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
145235313 shares
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154324089 shares
CY2015Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
145511644 shares
CY2016Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
145235313 shares
CY2015Q4 us-gaap Common Stock Value
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1455000 USD
CY2016Q4 us-gaap Common Stock Value
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1452000 USD
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ComprehensiveIncomeNetOfTax
31371000 USD
CY2015 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
166350000 USD
CY2016 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
108330000 USD
CY2015Q4 us-gaap Construction In Progress Gross
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20975000 USD
CY2016Q4 us-gaap Construction In Progress Gross
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34825000 USD
CY2016Q4 us-gaap Debt Instrument Carrying Amount
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2029582000 USD
CY2015Q4 us-gaap Debt Weighted Average Interest Rate
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0.0355
CY2016Q4 us-gaap Debt Weighted Average Interest Rate
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0.0343
CY2015Q4 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
146700000 USD
CY2016Q4 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
178468000 USD
CY2015Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
288041000 USD
CY2016Q4 us-gaap Deferred Costs Leasing Net
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305997000 USD
CY2015Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
147393000 USD
CY2016Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
165848000 USD
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27270000 USD
CY2016Q4 us-gaap Deferred Revenue
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28406000 USD
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138596000 USD
CY2015 us-gaap Depreciation
Depreciation
134503000 USD
CY2016 us-gaap Depreciation
Depreciation
127733000 USD
CY2014 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
156808000 USD
CY2015 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
155009000 USD
CY2016 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
155274000 USD
CY2014 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
239431000 USD
CY2015 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
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242022000 USD
CY2016 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
218934000 USD
CY2014 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
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1198000 USD
CY2015 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
-1000 USD
CY2016 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
0 USD
CY2014 us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
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954000 USD
CY2015 us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
84000 USD
CY2016 us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
0 USD
CY2015Q4 us-gaap Disposal Group Including Discontinued Operation Other Assets
DisposalGroupIncludingDiscontinuedOperationOtherAssets
8490000 USD
CY2016Q4 us-gaap Disposal Group Including Discontinued Operation Other Assets
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0 USD
CY2014Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
0 USD
CY2015Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
0 USD
CY2016Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
30532000 USD
CY2015Q4 us-gaap Due From Affiliates
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0 USD
CY2016Q4 us-gaap Due From Affiliates
DueFromAffiliates
0 USD
CY2015Q4 us-gaap Due To Affiliate Current And Noncurrent
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0 USD
CY2016Q4 us-gaap Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
0 USD
CY2014 us-gaap Earnings Per Share Basic And Diluted
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0.28
CY2015Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.12
CY2015Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.20
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-0.01
CY2015Q4 us-gaap Earnings Per Share Basic And Diluted
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0.84
CY2015 us-gaap Earnings Per Share Basic And Diluted
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1.15
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EarningsPerShareBasicAndDiluted
0.07
CY2016Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.55
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-0.09
CY2016Q4 us-gaap Earnings Per Share Basic And Diluted
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0.21
CY2016 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.74
CY2016Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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3800000 USD
CY2014 us-gaap Equity Method Investment Dividends Or Distributions
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266000 USD
CY2015 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
774000 USD
CY2016 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
579000 USD
CY2014 us-gaap Escrow Deposit Disbursements Related To Property Acquisition1
EscrowDepositDisbursementsRelatedToPropertyAcquisition1
0 USD
CY2015 us-gaap Escrow Deposit Disbursements Related To Property Acquisition1
EscrowDepositDisbursementsRelatedToPropertyAcquisition1
5050000 USD
CY2016 us-gaap Escrow Deposit Disbursements Related To Property Acquisition1
EscrowDepositDisbursementsRelatedToPropertyAcquisition1
0 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
93012000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
109152000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
84663000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Net
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99695000 USD
CY2014 us-gaap Gain Loss On Interest Rate Cash Flow Hedge Ineffectiveness
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0 USD
CY2015 us-gaap Gain Loss On Interest Rate Cash Flow Hedge Ineffectiveness
GainLossOnInterestRateCashFlowHedgeIneffectiveness
-37000 USD
CY2016 us-gaap Gain Loss On Interest Rate Cash Flow Hedge Ineffectiveness
GainLossOnInterestRateCashFlowHedgeIneffectiveness
0 USD
CY2014 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
2330000 USD
CY2015 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
168237000 USD
CY2016 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
98562000 USD
CY2014 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
1132000 USD
CY2015Q1 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
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10073000 USD
CY2015Q2 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
26611000 USD
CY2015Q3 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
17142000 USD
CY2015Q4 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
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114411000 USD
CY2015 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
168237000 USD
CY2016Q1 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
-20000 USD
CY2016Q2 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
78987000 USD
CY2016Q3 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
-57000 USD
CY2016Q4 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
19652000 USD
CY2016 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
98562000 USD
CY2014 us-gaap Gain On Business Interruption Insurance Recovery
GainOnBusinessInterruptionInsuranceRecovery
1500000 USD
CY2015 us-gaap Gain On Business Interruption Insurance Recovery
GainOnBusinessInterruptionInsuranceRecovery
300000 USD
CY2016 us-gaap Gain On Business Interruption Insurance Recovery
GainOnBusinessInterruptionInsuranceRecovery
0 USD
CY2014 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
23825000 USD
CY2015 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
30346000 USD
CY2016 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
29244000 USD
CY2015Q4 us-gaap Goodwill
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180097000 USD
CY2016Q4 us-gaap Goodwill
Goodwill
180097000 USD
CY2014 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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40079000 USD
CY2015Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
9176000 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
3372000 USD
CY2015Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-19027000 USD
CY2015Q4 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
11164000 USD
CY2015 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
4685000 USD
CY2016Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
10396000 USD
CY2016Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
1090000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-12705000 USD
CY2016Q4 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
10529000 USD
CY2016 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
9310000 USD
CY2014 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.27
CY2015 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
1.15
CY2016 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.74
CY2014 us-gaap Income Tax Reconciliation Disposition Of Assets
IncomeTaxReconciliationDispositionOfAssets
29558000 USD
CY2015 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-162000 USD
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
2152000 USD
CY2015Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
CY2015Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-3000 USD
CY2015Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
14000 USD
CY2015Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
72000 USD
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
83000 USD
CY2016Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
CY2016Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-1000 USD
CY2016Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
1000 USD
CY2016Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.01
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.00
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.00
CY2014 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-350000 USD
CY2015 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
553000 USD
CY2016 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
362000 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
85000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
415000 USD
CY2015 us-gaap Income Tax Reconciliation Disposition Of Assets
IncomeTaxReconciliationDispositionOfAssets
82047000 USD
CY2016 us-gaap Income Tax Reconciliation Disposition Of Assets
IncomeTaxReconciliationDispositionOfAssets
123865000 USD
CY2014 us-gaap Income Tax Reconciliation Nondeductible Expense Depreciation And Amortization
IncomeTaxReconciliationNondeductibleExpenseDepreciationAndAmortization
-50810000 USD
CY2015 us-gaap Income Tax Reconciliation Nondeductible Expense Depreciation And Amortization
IncomeTaxReconciliationNondeductibleExpenseDepreciationAndAmortization
1717000 USD
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense Depreciation And Amortization
IncomeTaxReconciliationNondeductibleExpenseDepreciationAndAmortization
-69214000 USD
CY2014 us-gaap Income Tax Reconciliation Nondeductible Expense Leases
IncomeTaxReconciliationNondeductibleExpenseLeases
4705000 USD
CY2015 us-gaap Income Tax Reconciliation Nondeductible Expense Leases
IncomeTaxReconciliationNondeductibleExpenseLeases
4614000 USD
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense Leases
IncomeTaxReconciliationNondeductibleExpenseLeases
4895000 USD
CY2014 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-5727000 USD
CY2015 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-51293000 USD
CY2016 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-39016000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
2995000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
3729000 USD
CY2014 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
40505000 USD
CY2015 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
29478000 USD
CY2016 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
26747000 USD
CY2014 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-277000 USD
CY2015 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
4613000 USD
CY2016 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
1441000 USD
CY2014 us-gaap Increase Decrease In Lease Acquisition Costs
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5150000 USD
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0 USD
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342000 shares
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405000 shares
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2900000 USD
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6992000 USD
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34000 USD
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2100000 USD
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3800000 USD
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4600000 USD
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69000000 USD
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0 USD
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4434535000 USD
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4449347000 USD
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3800000 USD
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3800000 USD
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0.999
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0.001
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140834000 USD
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27702000 USD
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301072000 USD
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170960000 USD
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479014000 USD
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2069000 USD
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2016000 USD
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1864000 USD
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219044000 USD
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15000 USD
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19600000 sqft
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888000 USD
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93000 USD
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93000 USD
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93000 USD
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93000 USD
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0 USD
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21000 USD
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443000 USD
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4000000 USD
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1081000 USD
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264000 USD
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326000 USD
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342000 USD
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1275000 USD
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1710000 USD
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2344000 USD
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291459000 USD
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501444000 USD
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459896000 USD
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42000 USD
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0 USD
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0 USD
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117418000 USD
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382773000 USD
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349668000 USD
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24777000 USD
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23655000 USD
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46232000 USD
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848169000 USD
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365918000 USD
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6017000 USD
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0 USD
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0 USD
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43363000 USD
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173005000 USD
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107872000 USD
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216000 USD
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19383000 USD
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290038000 USD
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95471000 USD
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362286000 USD
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3803508000 USD
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634231000 USD
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71627000 USD
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926592000 USD
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296319000 USD
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316991000 USD
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452106000 USD
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422908000 USD
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3695806000 USD
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3731692000 USD
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813702000 USD
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1544301000 USD
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706875000 USD
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5174000 USD
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1212000 USD
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566252000 USD
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149759000 USD
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Revenues
135307000 USD
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138485000 USD
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143911000 USD
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555715000 USD
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5250000 USD
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8789000 USD
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2997000 USD
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3183000 USD
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3668000 USD
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200000000 USD
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70200000 USD
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52796000 USD
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158860000 USD
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7943000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
2195419000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
2177000000 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2461159000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2312015000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2196444000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2178882000 USD
CY2014 us-gaap Tenant Reimbursements
TenantReimbursements
109548000 USD
CY2015 us-gaap Tenant Reimbursements
TenantReimbursements
113881000 USD
CY2016 us-gaap Tenant Reimbursements
TenantReimbursements
93961000 USD
CY2015Q4 us-gaap Unsecured Debt
UnsecuredDebt
1528221000 USD
CY2016Q4 us-gaap Unsecured Debt
UnsecuredDebt
1687731000 USD
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
154585273 shares
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
150880116 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
145634953 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
154452121 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
150537757 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
145230382 shares
CY2016 us-gaap Comparability Of Prior Year Financial Data
ComparabilityOfPriorYearFinancialData
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Reclassifications</font></div><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain prior period amounts have been reclassified to conform to the current period financial statement presentation. The reclassifications relate to: (i) properties classified as held for sale as of March 31, 2016, June 30, 2016, or September 30, 2016, have been reclassified as held for sale as of December 31, 2015 for comparative purposes (see </font><a style="font-family:inherit;font-size:10pt;" href="#s04589AA9D1CC52979963A5396E6403E7"><font style="font-family:inherit;font-size:10pt;">Note 14</font></a><font style="font-family:inherit;font-size:10pt;">); and (ii) provisions for/(recoveries of) bad debts have been reclassified from general and administrative expenses to property operating costs in the accompanying consolidated statements of income for comparative purposes. (see </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Tenant Receivables, net and Straight-line Rent Receivables </font><font style="font-family:inherit;font-size:10pt;">above).</font></div></div>
CY2016 us-gaap Revenue Recognition Deferred Revenue
RevenueRecognitionDeferredRevenue
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Deferred income</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deferred income is primarily comprised of the following items:</font></div><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">prepaid rent from tenants; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">tenant reimbursements related to operating expense or property tax expenses which may be due to tenants as part of an annual operating expense reconciliation.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deferred income related to prepaid rents from tenants will be recognized as income in the period it is earned. Amounts related to operating expense reconciliations or property tax expense are relieved when the tenant's reconciliation is completed in accordance with the underlying lease, and payment is issued to the tenant.</font></div></div>
CY2016 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates</font></div><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the accompanying consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the accompanying consolidated financial statements and notes. Actual results could differ from those estimates.</font></div></div>

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