filings.toolsItem 6. SELECTED FINANCIAL INFORMATION
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Item 6. SELECTED FINANCIAL INFORMATION
The selected condensed combined and consolidated financial and operating data set forth below as of and for the years ended December 31, 2016, 2015, and 2014 has been derived from our audited combined and consolidated financial statements included elsewhere in this Annual Report on Form 10-K and may not be indicative of our future results. The selected condensed combined and consolidated financial data should be read in conjunction with Part II. Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our historical combined and consolidated financial statements, including the related notes, included elsewhere in this Annual Report on Form 10-K.
| ($ in thousands) | For the Years Ended December 31, | |||||||||||
| Selected Statement of Operations Data: | 2016 | 2015 | 2014 | |||||||||
| Total revenues | $ | 922,587 | $ | 836,049 | $ | 658,722 | ||||||
| Total operating expenses | 731,810 | 721,672 | 690,545 | |||||||||
| Operating income (loss) | 190,777 | 114,377 | (31,823 | ) | ||||||||
| Total other income (expenses) | (287,606 | ) | (276,857 | ) | (237,803 | ) | ||||||
| Loss from continuing operations | (96,829 | ) | (162,480 | ) | (269,626 | ) | ||||||
| Gain (loss) on sale of property | 18,590 | 2,272 | (235 | ) | ||||||||
| Net loss | $ | (78,239 | ) | $ | (160,208 | ) | $ | (269,861 | ) |
| ($ in thousands) | As of December 31, | |||||||||||
| Summary Balance Sheet Data: | 2016 | 2015 | 2014 | |||||||||
| Investments in single-family residential properties, net | $ | 9,002,515 | $ | 9,052,701 | $ | 8,488,553 | ||||||
| Cash and cash equivalents | 198,119 | 274,818 | 285,596 | |||||||||
| Other assets, net | 531,717 | 469,459 | 425,504 | |||||||||
| Total assets | $ | 9,732,351 | $ | 9,796,978 | $ | 9,199,653 | ||||||
| Total debt | $ | 7,570,279 | $ | 7,725,957 | $ | 6,564,643 | ||||||
| Other liabilities | 204,649 | 183,990 | 178,409 | |||||||||
| Total liabilities | 7,774,928 | 7,909,947 | 6,743,052 | |||||||||
| Total equity | 1,957,423 | 1,887,031 | 2,456,601 | |||||||||
| Total liabilities and equity | $ | 9,732,351 | $ | 9,796,978 | $ | 9,199,653 |
Previous: Item 5. MARKET FOR COMMON EQUITY, STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY · Next: Item 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS