2012 Q3 Form 10-K Financial Statement

#000074026013000047 Filed on February 19, 2013

View on sec.gov

Income Statement

Concept 2012 Q3 2011 Q4 2011 Q3
Revenue $637.2M $550.3M $555.4M
YoY Change 14.74% 106.88% 114.76%
Cost Of Revenue $253.9M $213.9M $213.8M
YoY Change 18.76% 152.24% 146.88%
Gross Profit $384.7M $336.4M $340.8M
YoY Change 12.88% 85.65% 98.25%
Gross Profit Margin 60.37% 61.13% 61.36%
Selling, General & Admin $26.90M $23.50M $20.60M
YoY Change 30.58% 67.86% 34.64%
% of Gross Profit 6.99% 6.99% 6.04%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $196.6M $166.2M $161.0M
YoY Change 22.11% 224.61% 208.43%
% of Gross Profit 51.1% 49.41% 47.24%
Operating Expenses $217.4M $182.5M $190.6M
YoY Change 14.06% 179.05% 190.55%
Operating Profit $167.3M $153.9M $150.2M
YoY Change 11.38% 32.9% 41.3%
Interest Expense $74.04M -$61.40M $69.52M
YoY Change 6.5% 36.75% -259.81%
% of Operating Profit 44.25% -39.9% 46.28%
Other Income/Expense, Net
YoY Change
Pretax Income $89.59M $184.7M $88.28M
YoY Change 1.48% 207.32% 53.0%
Income Tax -$8.886M -$7.600M -$13.73M
% Of Pretax Income -9.92% -4.11% -15.56%
Net Earnings $111.8M $192.9M $102.0M
YoY Change 9.65% 148.58% 76.14%
Net Earnings / Revenue 17.55% 35.05% 18.36%
Basic Earnings Per Share $0.38 $0.67 $0.36
Diluted Earnings Per Share $0.38 $0.66 $0.35
COMMON SHARES
Basic Shares Outstanding 294.9M shares 287.4M shares
Diluted Shares Outstanding 297.4M shares 290.8M shares

Balance Sheet

Concept 2012 Q3 2011 Q4 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $59.00M $46.00M $57.00M
YoY Change 3.51% 109.09% 67.65%
Cash & Equivalents $58.53M $45.81M $57.48M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $59.00M $46.00M $57.00M
YoY Change 3.51% 109.09% 67.65%
LONG-TERM ASSETS
Property, Plant & Equipment $16.92B $15.91B $16.00B
YoY Change 5.78% 201.4% 203.36%
Goodwill $492.5M $448.4M
YoY Change
Intangibles
YoY Change
Long-Term Investments $12.50M $105.0M $119.0M
YoY Change -89.5% 600.0% 643.75%
Other Assets $301.0M $103.0M $97.00M
YoY Change 210.31% 77.59% 49.23%
Total Long-Term Assets $18.38B $17.23B $17.15B
YoY Change 7.19% 200.31% 197.36%
TOTAL ASSETS
Total Short-Term Assets $59.00M $46.00M $57.00M
Total Long-Term Assets $18.38B $17.23B $17.15B
Total Assets $18.44B $17.27B $17.21B
YoY Change 7.18% 199.96% 196.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.049B $1.086B $1.129B
YoY Change -7.09% 424.64% 456.16%
Accrued Expenses $56.00M $38.00M $66.00M
YoY Change -15.15% 100.0% 94.12%
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 $1.105B $1.124B $1.195B
YoY Change -7.53% 397.35% 404.22%
LONG-TERM LIABILITIES
Long-Term Debt $7.495B $6.429B $6.313B
YoY Change 18.72% 121.69% 117.99%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $7.495B $6.429B $6.313B
YoY Change 18.72% 121.69% 117.99%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.105B $1.124B $1.195B
Total Long-Term Liabilities $7.495B $6.429B $6.313B
Total Liabilities $8.865B $7.813B $7.867B
YoY Change 12.69% 131.99% 131.45%
SHAREHOLDERS EQUITY
Retained Earnings -$680.9M -$412.2M
YoY Change 61.24%
Common Stock $10.01B $9.666B
YoY Change 269.46%
Preferred Stock
YoY Change
Treasury Stock (at cost) $747.0K
YoY Change -0.13%
Treasury Stock Shares 0.000 shares 14.00K shares
Shareholders Equity $9.358B $9.275B $9.339B
YoY Change
Total Liabilities & Shareholders Equity $18.44B $17.27B $17.21B
YoY Change 7.18% 199.96% 196.6%

Cashflow Statement

Concept 2012 Q3 2011 Q4 2011 Q3
OPERATING ACTIVITIES
Net Income $111.8M $192.9M $102.0M
YoY Change 9.65% 148.58% 76.14%
Depreciation, Depletion And Amortization $196.6M $166.2M $161.0M
YoY Change 22.11% 224.61% 208.43%
Cash From Operating Activities $248.5M $329.3M $257.6M
YoY Change -3.53% 224.43% 86.13%
INVESTING ACTIVITIES
Capital Expenditures -$48.00M -$46.20M -$32.70M
YoY Change 46.79% 589.55% 436.07%
Acquisitions
YoY Change
Other Investing Activities -$190.8M -$108.4M -$65.60M
YoY Change 190.85% 302.97% -72.76%
Cash From Investing Activities -$238.8M -$154.5M -$98.30M
YoY Change 142.93% 362.57% -60.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.900M -186.5M -128.3M
YoY Change -96.96% 132.54% -212.05%
NET CHANGE
Cash From Operating Activities 248.5M 329.3M 257.6M
Cash From Investing Activities -238.8M -154.5M -98.30M
Cash From Financing Activities -3.900M -186.5M -128.3M
Net Change In Cash 5.800M -11.70M 31.00M
YoY Change -81.29% -3.31% 434.48%
FREE CASH FLOW
Cash From Operating Activities $248.5M $329.3M $257.6M
Capital Expenditures -$48.00M -$46.20M -$32.70M
Free Cash Flow $296.5M $375.5M $290.3M
YoY Change 2.14% 247.04% 100.9%

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CY2010 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
12826000 USD
CY2012 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
54372000 USD
CY2011 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
30526000 USD
CY2012 us-gaap Disposal Group Including Discontinued Operation Rental Income
DisposalGroupIncludingDiscontinuedOperationRentalIncome
21511000 USD
CY2010 us-gaap Disposal Group Including Discontinued Operation Rental Income
DisposalGroupIncludingDiscontinuedOperationRentalIncome
19583000 USD
CY2011 us-gaap Disposal Group Including Discontinued Operation Rental Income
DisposalGroupIncludingDiscontinuedOperationRentalIncome
26196000 USD
CY2012 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
30643000 USD
CY2011 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
31409000 USD
CY2010 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
20308000 USD
CY2011 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
521046000 USD
CY2010 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
336085000 USD
CY2012 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
728546000 USD
CY2012 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.24
CY2010 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.57
CY2011 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.60
CY2012Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.29
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.38
CY2012Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.26
CY2012Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.31
CY2011Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.11
CY2011Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.36
CY2011Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.31
CY2011Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.67
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.23
CY2011 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.58
CY2010 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.56
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.38
CY2012Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.31
CY2012Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.25
CY2012Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.29
CY2011Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.35
CY2011Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.66
CY2011Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
CY2011Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.30
CY2011 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-45000 USD
CY2010 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
165000 USD
CY2012 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
60000 USD
CY2012Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
18200000 USD
CY2012 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y8M12D
CY2012Q4 us-gaap Entity Not Subject To Income Taxes Difference In Bases Amount
EntityNotSubjectToIncomeTaxesDifferenceInBasesAmount
5100000000 USD
CY2011Q4 us-gaap Entity Not Subject To Income Taxes Difference In Bases Amount
EntityNotSubjectToIncomeTaxesDifferenceInBasesAmount
5300000000 USD
CY2012Q3 us-gaap Equity Method Investments
EquityMethodInvestments
12500000 USD
CY2010 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
0 USD
CY2012 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
0 USD
CY2011 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
202259000 USD
CY2012 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-37640000 USD
CY2011Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.01
CY2011 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
500000 USD
CY2010 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-9791000 USD
CY2011 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-27604000 USD
CY2011 us-gaap Escrow Deposits Related To Property Sales
EscrowDepositsRelatedToPropertySales
0 USD
CY2012 us-gaap Escrow Deposits Related To Property Sales
EscrowDepositsRelatedToPropertySales
-134003000 USD
CY2010 us-gaap Escrow Deposits Related To Property Sales
EscrowDepositsRelatedToPropertySales
0 USD
CY2012 us-gaap Extinguishment Of Debt Amount
ExtinguishmentOfDebtAmount
155400000 USD
CY2012 us-gaap Extinguishment Of Debt Gain Loss Net Of Tax
ExtinguishmentOfDebtGainLossNetOfTax
-37640000 USD
CY2010 us-gaap Extinguishment Of Debt Gain Loss Net Of Tax
ExtinguishmentOfDebtGainLossNetOfTax
-9791000 USD
CY2011 us-gaap Extinguishment Of Debt Gain Loss Net Of Tax
ExtinguishmentOfDebtGainLossNetOfTax
-27604000 USD
CY2011 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
594176000 USD
CY2010 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
-385000 USD
CY2012 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
77730000 USD
CY2012Q4 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
766337000 USD
CY2011Q4 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
590500000 USD
CY2012Q4 us-gaap Finite Lived Intangible Asset Off Market Lease Favorable Gross
FiniteLivedIntangibleAssetOffMarketLeaseFavorableGross
215367000 USD
CY2011Q4 us-gaap Finite Lived Intangible Asset Off Market Lease Favorable Gross
FiniteLivedIntangibleAssetOffMarketLeaseFavorableGross
210358000 USD
CY2012 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P19Y3M18D
CY2011 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P18Y6M
CY2012Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
352692000 USD
CY2011Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
188442000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
63000000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
14800000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
23800000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
31600000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
43100000 USD
CY2012 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
700000 USD
CY2010 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
300000 USD
CY2012Q4 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
97992000 USD
CY2011Q4 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
193553000 USD
CY2011Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
103191000 USD
CY2011Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
18450000 USD
CY2011Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
47939000 USD
CY2010 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
49830000 USD
CY2011 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
74537000 USD
CY2012 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
98801000 USD
CY2011Q4 us-gaap Goodwill
Goodwill
448393000 USD
CY2012Q4 us-gaap Goodwill
Goodwill
490452000 USD
CY2012 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
35600000 USD
CY2012 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
13900000 USD
CY2010 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
213444000 USD
CY2012 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
305573000 USD
CY2011 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
363133000 USD
CY2012Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
115975000 USD
CY2012Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
43496000 USD
CY2012Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
48110000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
280112000 USD
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
331293000 USD
CY2010 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
222871000 USD
CY2012 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
304548000 USD
CY2010 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
217006000 USD
CY2011 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
361901000 USD
CY2012 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.04
CY2011 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.59
CY2010 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.36
CY2012Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.33
CY2012Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.16
CY2012Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.15
CY2012Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.39
CY2011Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.30
CY2011Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.10
CY2011Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.67
CY2011Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.36
CY2010 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.35
CY2011 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.57
CY2012 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.04
CY2012Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.16
CY2012Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.15
CY2012Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.39
CY2012Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.33
CY2011Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.10
CY2011Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.66
CY2011Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.35
CY2011Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.29
CY2011 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
1360000 USD
CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
57227000 USD
CY2010 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
32723000 USD
CY2012Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
42516000 USD
CY2012Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-4093000 USD
CY2012Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
30529000 USD
CY2012Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-11725000 USD
CY2011Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
1226000 USD
CY2011Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
1045000 USD
CY2011Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-306000 USD
CY2011Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-605000 USD
CY2010 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.21
CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.20
CY2011 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.01
CY2012Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.15
CY2012Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.04
CY2012Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.11
CY2012Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.01
CY2011Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2011Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.01
CY2011Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2011 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.01
CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.19
CY2010 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.21
CY2012Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.15
CY2012Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.10
CY2012Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.04
CY2012Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.01
CY2011Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.01
CY2011Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2011Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.01
CY2011Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2010 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-664000 USD
CY2011 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-52000 USD
CY2012 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
18154000 USD
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-6282000 USD
CY2011 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-30660000 USD
CY2010 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5201000 USD
CY2010 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
2420000 USD
CY2011 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
151264000 USD
CY2012 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
143400000 USD
CY2011 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
9408000 USD
CY2010 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
5705000 USD
CY2012 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
33072000 USD
CY2011 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
115953000 USD
CY2010 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
78381000 USD
CY2012 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
104392000 USD
CY2010 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
2300000 USD
CY2010 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
203000 USD
CY2011 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
1691000 USD
CY2012 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-160000 USD
CY2012 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-842000 USD
CY2010 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
700000 USD
CY2011 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-2364000 USD
CY2011 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
-4084000 USD
CY2012 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
656000 USD
CY2010 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
82208000 USD
CY2010 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1588000 USD
CY2012 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-24572000 USD
CY2011 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-20117000 USD
CY2010 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
1311000 USD
CY2011 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-9150000 USD
CY2012 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
9969000 USD
CY2012 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-3756000 USD
CY2011 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-424000 USD
CY2010 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
8245000 USD
CY2010 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
572000 shares
CY2011 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
893000 shares
CY2012 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
CY2011 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
449000 shares
CY2012 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
496000 shares
CY2010 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
407000 shares
CY2010 us-gaap Interest And Other Income
InterestAndOtherIncome
484000 USD
CY2012 us-gaap Interest And Other Income
InterestAndOtherIncome
1106000 USD
CY2011 us-gaap Interest And Other Income
InterestAndOtherIncome
1217000 USD
CY2010 us-gaap Interest Expense
InterestExpense
172474000 USD
CY2012 us-gaap Interest Expense
InterestExpense
293401000 USD
CY2011 us-gaap Interest Expense
InterestExpense
229346000 USD
CY2010 us-gaap Interest Paid
InterestPaid
161352000 USD
CY2011 us-gaap Interest Paid
InterestPaid
257175000 USD
CY2012 us-gaap Interest Paid
InterestPaid
329655000 USD
CY2011Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
37694000 USD
CY2012Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
47565000 USD
CY2011Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
15337919000 USD
CY2012Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
16920821000 USD
CY2010 us-gaap Investment Income Net
InvestmentIncomeNet
16412000 USD
CY2011 us-gaap Investment Income Net
InvestmentIncomeNet
34415000 USD
CY2012 us-gaap Investment Income Net
InvestmentIncomeNet
39913000 USD
CY2011Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
0 USD
CY2012Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
0 USD
CY2011 us-gaap Investments In And Advances To Affiliates Dividends Or Interest
InvestmentsInAndAdvancesToAffiliatesDividendsOrInterest
0 USD
CY2010 us-gaap Investments In And Advances To Affiliates Dividends Or Interest
InvestmentsInAndAdvancesToAffiliatesDividendsOrInterest
0 USD
CY2012 us-gaap Investments In And Advances To Affiliates Dividends Or Interest
InvestmentsInAndAdvancesToAffiliatesDividendsOrInterest
0 USD
CY2012Q4 us-gaap Land
Land
1772417000 USD
CY2011Q4 us-gaap Land
Land
1614847000 USD
CY2012Q4 us-gaap Liabilities
Liabilities
9716082000 USD
CY2011Q4 us-gaap Liabilities
Liabilities
7813129000 USD
CY2011Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
17271910000 USD
CY2012Q4 us-gaap Liabilities And Stockholders Equity
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18980000000 USD
CY2010 us-gaap Liabilities Assumed1
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141000 USD
CY2012 us-gaap Liabilities Assumed1
LiabilitiesAssumed1
70391000 USD
CY2011 us-gaap Liabilities Assumed1
LiabilitiesAssumed1
952279000 USD
CY2011Q4 us-gaap Loans Receivable Net
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276200000 USD
CY2012Q4 us-gaap Loans Receivable Net
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CY2011Q4 us-gaap Long Term Debt
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CY2012Q4 us-gaap Long Term Debt
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CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
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4256072000 USD
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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553227000 USD
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442518000 USD
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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1652672000 USD
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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339668000 USD
CY2011 us-gaap Management Fees Revenue
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5700000 USD
CY2010 us-gaap Management Fees Revenue
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1900000 USD
CY2012 us-gaap Management Fees Revenue
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7300000 USD
CY2010 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
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125320000 USD
CY2011 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
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CY2012 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
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CY2012Q3 us-gaap Number Of Businesses Acquired
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733000 USD
CY2010 us-gaap Marketable Securities Realized Gain Loss
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0 USD
CY2012 us-gaap Marketable Securities Realized Gain Loss
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0 USD
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CY2012 us-gaap Nature Of Operations
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Description of Business</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Ventas,&#160;Inc. (together with its subsidiaries, unless otherwise indicated or except where the context otherwise requires, &#8220;we,&#8221; &#8220;us&#8221; or &#8220;our&#8221;) is a real estate investment trust (&#8220;REIT&#8221;) with a highly diversified portfolio of seniors housing and healthcare properties located throughout the United States and Canada. As of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2012</font><font style="font-family:inherit;font-size:10pt;">, we owned more than </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">1,400</font><font style="font-family:inherit;font-size:10pt;"> properties, including seniors housing communities, skilled nursing and other facilities, medical office buildings (&#8220;MOBs&#8221;), and hospitals, in </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">46</font><font style="font-family:inherit;font-size:10pt;"> states, the District of Columbia and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">two</font><font style="font-family:inherit;font-size:10pt;"> Canadian provinces, and we had </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">three</font><font style="font-family:inherit;font-size:10pt;"> new properties under development. We are an S&amp;P 500 company and currently headquartered in Chicago, Illinois. </font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> We primarily acquire and own seniors housing and healthcare properties and lease our properties to unaffiliated tenants or operate them through independent third-party managers. As of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2012</font><font style="font-family:inherit;font-size:10pt;">, we leased </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">898</font><font style="font-family:inherit;font-size:10pt;"> properties (excluding MOBs and properties classified as held for sale) to healthcare operating companies under &#8220;triple-net&#8221; or &#8220;absolute-net&#8221; leases that obligate the tenants to pay all property-related expenses, including maintenance, utilities, repairs, taxes, insurance and capital expenditures, and we engaged independent operators, such as Atria Senior Living, Inc. (&#8220;Atria&#8221;) and Sunrise Senior Living, LLC (formerly Sunrise Senior Living, Inc. and, together with its affiliates, &#8220;Sunrise&#8221;), to manage </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">223</font><font style="font-family:inherit;font-size:10pt;"> of our seniors housing communities pursuant to long-term management agreements. Kindred Healthcare, Inc. (together with its subsidiaries, &#8220;Kindred&#8221;) and Brookdale Senior Living Inc. (together with its subsidiaries, &#8220;Brookdale Senior Living&#8221;) leased from us </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">196</font><font style="font-family:inherit;font-size:10pt;"> properties and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">148</font><font style="font-family:inherit;font-size:10pt;"> properties (excluding </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">six</font><font style="font-family:inherit;font-size:10pt;"> properties included in investments in unconsolidated entities), respectively, as of December 31, 2012.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In addition, through our Lillibridge Healthcare Services,&#160;Inc. (&#8220;Lillibridge&#8221;) subsidiary and our ownership interest in PMB Real Estate Services&#160;LLC (&#8220;PMBRES&#8221;), we provide MOB management, leasing, marketing, facility development and advisory services to highly rated hospitals and health systems throughout the United States. From time to time, we also make secured and unsecured loans and other investments relating to seniors housing and healthcare operators or properties.</font></div></div>
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CY2012 us-gaap Net Cash Provided By Used In Financing Activities
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23700000 USD
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6951000 USD
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213000 USD
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354000 USD
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16169000 USD
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272000 USD
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7270000 USD
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2359000 USD
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4446000 USD
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46000 USD
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CY2010 us-gaap Payments To Acquire Limited Partnership Interests
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0 USD
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185000 USD
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18193000 USD
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69430000 USD
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50473000 USD
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274441000 USD
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1453065000 USD
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531605000 USD
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1
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10000000 shares
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289193000 shares
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282382000 shares
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0 USD
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342469000 USD
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19291000 USD
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43219000 USD
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0 USD
CY2012 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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37500000 USD
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23050000 USD
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23100000 USD
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20618000 USD
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58163000 USD
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149045000 USD
CY2012 us-gaap Profit Loss
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361775000 USD
CY2011 us-gaap Profit Loss
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363261000 USD
CY2010 us-gaap Profit Loss
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249729000 USD
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1368219000 USD
CY2011Q4 us-gaap Real Estate Accumulated Depreciation
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1729976000 USD
CY2009Q4 us-gaap Real Estate Accumulated Depreciation
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1177911000 USD
CY2012Q4 us-gaap Real Estate Accumulated Depreciation
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2289783000 USD
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RealEstateAccumulatedDepreciationDepreciationExpense
197256000 USD
CY2011 us-gaap Real Estate Accumulated Depreciation Depreciation Expense
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380734000 USD
CY2012 us-gaap Real Estate Accumulated Depreciation Depreciation Expense
RealEstateAccumulatedDepreciationDepreciationExpense
620076000 USD
CY2010 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
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8259000 USD
CY2011 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
16536000 USD
CY2012 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
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61583000 USD
CY2012Q4 us-gaap Real Estate And Accumulated Depreciation Accumulated Depreciation
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2289783000 USD
CY2012Q4 us-gaap Real Estate And Accumulated Depreciation Amount Of Encumbrances
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3022924000 USD
CY2012Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
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16991486000 USD
CY2012Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
1772417000 USD
CY2012Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfLandAndBuildingsAndImprovements
18763903000 USD
CY2012Q4 us-gaap Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements
180009000 USD

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