Item 6. Selected Financial Data

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Item 6. Selected Financial Data

Set forth below is our selected financial data as of and for each of the years in the five-year period ended December 31, (dollars in thousands, except per share data):


	Year Ended December 31,
	2016		2015		2014		2013		2012
Statement of operations data:
Total revenues	$	2,129,294	$	1,940,489	$	1,636,833	$	1,488,786	$	1,281,861
Income from continuing operations		374,171		152,668		271,315		253,526		156,213
Net income (loss) applicable to common shares		626,549		(560,552)		919,796		969,103		812,289
Basic earnings per common share
Continuing operations		0.77		0.30		0.56		0.52		0.29
Discontinued operations		0.57		(1.51)		1.45		1.61		1.61
Net income (loss) attributable to common stockholders		1.34		(1.21)		2.01		2.13		1.90
Diluted earnings per common share
Continuing operations		0.77		0.30		0.56		0.52		0.29
Discontinued operations		0.57		(1.51)		1.44		1.61		1.61
Net income (loss) attributable to common stockholders		1.34		(1.21)		2.00		2.13		1.90
Balance sheet data:
Total assets		15,759,265		21,449,849		21,331,436		20,040,310		19,879,697
Debt obligations(1)		9,189,495		11,069,003		9,721,269		8,626,067		8,659,691
Total equity		5,941,308		9,746,317		10,997,099		10,931,134		10,753,777
Other data:
Dividends paid		979,542		1,046,638		1,001,559		956,685		865,306
Dividends paid per common share(2)		2.095		2.260		2.180		2.100		2.000
Funds from operations (“FFO”)(3)		1,119,153		(10,841)		1,381,634		1,349,264		1,166,508
Diluted FFO per common share(3)		2.39		(0.02)		3.00		2.95		2.72
FFO as adjusted(3)		1,282,390		1,470,167		1,398,691		1,382,699		1,195,799
Diluted FFO as adjusted per common share(3)		2.74		3.16		3.04		3.02		2.79
Funds available for distribution (“FAD”)(3)		1,215,696		1,261,849		1,178,822		1,158,082		954,645

	(1)		Includes bank line of credit, bridge and term loans, senior unsecured notes, mortgage and other secured debt, and other debt.

	(2)		Represents cash dividends. Additionally, in October 2016 we issued $6.17 of stock dividends related to the Spin-Off.

	(3)		For a more detailed discussion and reconciliation of FFO, FFO as adjusted and FAD, see “Non-GAAP Financial Measure Reconciliations” in Item 7.

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