Item 6. Selected Financial Data

5K characters. Original on sec.gov · Markdown

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,
	2020		2019		2018		2017		2016
Statement of operations data:
Total revenues	$	1,644,875	$	1,240,339	$	1,191,320	$	1,174,275	$	1,160,152
Income (loss) from continuing operations	160,507		175,469		837,218		(56,199)		4,276
Income (loss) from discontinued operations	267,746		(115,408)		236,256		478,833		635,650
Net income (loss) applicable to common shares	411,147		43,987		1,058,424		413,013		626,549
Basic earnings per common share:
Continuing operations	0.27		0.33		1.75		(0.15)		(0.02)
Discontinued operations	0.50		(0.24)		0.50		1.03		1.36
Net income (loss) applicable to common shares	0.77		0.09		2.25		0.88		1.34
Diluted earnings per common share:
Continuing operations	0.27		0.33		1.74		(0.15)		(0.02)
Discontinued operations	0.50		(0.24)		0.50		1.03		1.36
Net income (loss) applicable to common shares	0.77		0.09		2.24		0.88		1.34
Balance sheet data:
Total assets	15,920,089		14,032,891		12,718,553		14,088,461		15,759,265
Debt obligations(1)	6,297,979		6,002,252		5,352,424		7,656,944		8,667,637
Total equity	7,344,572		6,667,474		6,512,591		5,594,938		5,941,308
Other data:
Dividends paid	787,072		720,123		696,913		694,955		979,542
Dividends paid per common share(2)	1.480		1.480		1.480		1.480		2.095
Funds from operations (“NAREIT FFO”)(3)	693,367		780,307		780,189		661,113		1,119,153
Diluted NAREIT FFO per common share(3)	1.30		1.59		1.66		1.41		2.39
FFO as Adjusted(3)	874,188		864,352		857,233		918,402		1,282,390
Diluted FFO as Adjusted per common share(3)	1.64		1.76		1.82		1.95		2.74
Adjusted FFO (“AFFO”)(3)	772,705		745,820		746,397		803,720		1,215,696

_______________________________________

(1)Includes bank line of credit, commercial paper, term loans, senior unsecured notes, and mortgage debt. Excludes mortgage debt on assets held for sale and discontinued operations.

(2)Represents cash dividends. Additionally, in October 2016 we issued $6.17 per common share of stock dividends related to the spin-off of Quality Care Properties, Inc.

(3)For a more detailed discussion and reconciliation of NAREIT FFO, FFO as Adjusted and AFFO, see "Results of Operations" and “Non-GAAP Financial Measure Reconciliations” in Item 7 of this report.

Previous: Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities · Next: Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations