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,
	2017		2016		2015			2014		2013
Statement of operations data:
Total revenues	$	1,848,378	$	2,129,294	$	1,940,489		$	1,636,833	$	1,488,786
Income (loss) from continuing operations	422,634		374,171		152,668			271,315		253,526
Net income (loss) applicable to common shares	413,013		626,549		(560,552		)	919,796		969,103
Basic earnings per common share
Continuing operations	0.88		0.77		0.30			0.56		0.52
Discontinued operations	—		0.57		(1.51		)	1.45		1.61
Net income (loss) attributable to common stockholders	0.88		1.34		(1.21		)	2.01		2.13
Diluted earnings per common share
Continuing operations	0.88		0.77		0.30			0.56		0.52
Discontinued operations	—		0.57		(1.51		)	1.44		1.61
Net income (loss) attributable to common stockholders	0.88		1.34		(1.21		)	2.00		2.13
Balance sheet data:
Total assets	14,088,461		15,759,265		21,449,849			21,331,436		20,040,310
Debt obligations(1)	7,880,466		9,189,495		11,069,003			9,721,269		8,626,067
Total equity	5,594,938		5,941,308		9,746,317			10,997,099		10,931,134
Other data:
Dividends paid	694,955		979,542		1,046,638			1,001,559		956,685
Dividends paid per common share(2)	1.480		2.095		2.260			2.180		2.100
Funds from operations (“FFO”)(3)	661,113		1,119,153		(10,841		)	1,381,634		1,349,264
Diluted FFO per common share(3)	1.41		2.39		(0.02		)	3.00		2.95
FFO as adjusted(3)	918,402		1,282,390		1,470,167			1,398,691		1,382,699
Diluted FFO as adjusted per common share(3)	1.95		2.74		3.16			3.04		3.02
Funds available for distribution (“FAD”)(3)	803,720		1,215,696		1,261,849			1,178,822		1,158,082


(1)	Includes bank line of credit, 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 "Results of Operations" and “Non-GAAP Financial Measure Reconciliations” in Item 7.

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