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| In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues [+] | 4,427.9 | 3,903.6 | 3,209.2 | 3,046.5 | 2,457.9 | 2,142.2 | 1,763.3 | 1,616.4 |
| Tenant reimbursements | | | | | | 355.9 | 359.9 | 350.2 |
| Management fees | | | | | | 39.5 | 6.6 | 7.3 |
| Lease / rental | | | | | | 1,746.8 | 1,355.0 | 1,256.1 |
| Other real estate | | | | | | | 1.1 | 2.9 |
| Revenue growth | 13.4% | 21.6% | 5.3% | 23.9% | 14.7% | 21.5% | 9.1% | 9.1% |
| Cost of goods sold [+] | 207.8 | 182.6 | 172.2 | 140.9 | 135.0 | 762.7 | 642.5 | 594.7 |
| Real estate taxes and insurance | | | | | | 102.5 | 92.6 | 91.5 |
| Real estate or leased property costs | | | | | | 660.2 | 549.9 | 503.1 |
| Gross profit | 4,220.1 | 3,721.0 | 3,037.1 | 2,905.6 | 2,322.9 | 1,379.5 | 1,120.9 | 1,021.8 |
| Gross margin | 95.3% | 95.3% | 94.6% | 95.4% | 94.5% | 64.4% | 63.6% | 63.2% |
| Selling, general and administrative [+] | 400.7 | 351.4 | 211.1 | 163.7 | 161.4 | 152.7 | 105.5 | 93.2 |
| General and administrative | 400.7 | 351.4 | 211.1 | 163.7 | 161.4 | 152.7 | 105.5 | 93.2 |
| Equity in earnings | 62.3 | -57.6 | 8.1 | 33.0 | 25.5 | 17.1 | 15.5 | 13.3 |
| Other operating expenses | 1,620.5 | 1,439.2 | 995.1 | 1,005.2 | 798.4 | -160.2 | -24.9 | -4.2 |
| EBITDA [+] | 2,261.2 | 1,872.8 | 1,838.9 | 2,186.3 | 1,636.1 | 1,576.4 | 1,152.2 | 1,018.4 |
| EBITDA growth | 20.7% | 1.8% | -15.9% | 33.6% | 3.8% | 36.8% | 13.1% | 8.8% |
| EBITDA margin | 51.1% | 48.0% | 57.3% | 71.8% | 66.6% | 73.6% | 65.3% | 63.0% |
| Depreciation | 1,486.6 | 1,366.4 | 1,163.8 | 1,186.9 | 842.5 | 699.3 | 570.5 | 538.5 |
| EBITA | 774.6 | 506.4 | 675.1 | 999.4 | 793.6 | 877.0 | 581.6 | 479.9 |
| EBITA margin | 17.5% | 13.0% | 21.0% | 32.8% | 32.3% | 40.9% | 33.0% | 29.7% |
| Amortization of intangibles | | | | 416.6 | 247.5 | 172.3 | 96.5 | 72.3 |
| EBIT [+] | 774.6 | 506.4 | 675.1 | 582.8 | 546.2 | 704.8 | 485.1 | 407.6 |
| EBIT growth | 53.0% | -25.0% | 15.8% | 6.7% | -22.5% | 45.3% | 19.0% | 3.3% |
| EBIT margin | 17.5% | 13.0% | 21.0% | 19.1% | 22.2% | 32.9% | 27.5% | 25.2% |
| Non-recurring items [+] | 18.3 | 6.5 | 72.8 | | 69.3 | 190.4 | 67.7 | 135.6 |
| Asset impairment | 18.3 | 6.5 | 5.4 | | 29.0 | | | 126.5 |
| Loss (gain) on sale of assets | | | | | 40.4 | 169.9 | 94.6 | 15.9 |
| Unusual expense | | | 67.5 | | | | | |
| Loss on contingent liability | | | | | | | -44.3 | -8.1 |
| Interest expense | 293.8 | 333.0 | 353.1 | 321.5 | 258.6 | 236.5 | 201.4 | 191.1 |
| Interest expense | 293.8 | 333.0 | 353.1 | 321.5 | 258.6 | 236.5 | 201.4 | 191.1 |
| Other income (expense), net [+] | 1,212.2 | 157.8 | 338.0 | 77.8 | 30.2 | 143.6 | 79.2 | 117.3 |
| Acquisition-related costs | | | | | | | | 1.3 |
| Gain (loss) on investments | | | | | | | | 14.6 |
| Gain (loss) on debt retirement | | | | | 2.0 | -1.0 | -0.1 | -0.8 |
| Change in value of contingent liability | | | | | | | | -8.1 |
| Other | -4.4 | 20.2 | 66.0 | 3.5 | 3.7 | | | 2.7 |
| Pre-tax income | 1,674.6 | 324.7 | 587.2 | 339.0 | 248.4 | 421.5 | 295.1 | 198.2 |
| Income taxes | -72.8 | -38.0 | -12.0 | -2.1 | -7.9 | -10.4 | -6.5 | -5.2 |
| Tax rate | | | | | | | | |
| Minority interest | 38.2 | 6.3 | 19.5 | 9.9 | 8.0 | 5.7 | 4.9 | 3.2 |
| Net income | 1,681.5 | 263.3 | 493.0 | 249.9 | 173.1 | 332.1 | 217.3 | 132.7 |
| Net margin | 38.0% | 6.7% | 15.4% | 8.2% | 7.0% | 15.5% | 12.3% | 8.2% |
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| Basic EPS [+] | $5.95 | $1.01 | $2.37 | $1.21 | $0.99 | $2.21 | $1.57 | $1.00 |
| Growth | 487.9% | -57.2% | 95.1% | 21.9% | -55.1% | 40.9% | 57.9% | -53.1% |
| Diluted EPS [+] | $5.94 | $1.00 | $2.35 | $1.21 | $0.99 | $2.20 | $1.56 | $0.99 |
| Growth | 491.9% | -57.4% | 94.6% | 22.2% | -55.1% | 40.9% | 57.5% | -53.1% |
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| Dividends per share [+] | $4.88 | $4.76 | $4.78 | $4.12 | $3.71 | $3.48 | $3.39 | $3.31 |
| Growth | 2.5% | -0.4% | 16.1% | 11.0% | 6.8% | 2.6% | 2.4% | 5.7% |
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| Shares outstanding (basic) [+] | 282.5 | 260.1 | 208.3 | 206.0 | 174.1 | 150.0 | 138.2 | 133.4 |
| Growth | 8.6% | 24.9% | 1.1% | 18.4% | 16.1% | 8.5% | 3.7% | 4.2% |
| Shares outstanding (diluted) [+] | 283.2 | 262.5 | 209.5 | 206.7 | 174.9 | 150.7 | 138.9 | 133.6 |
| Growth | 7.9% | 25.3% | 1.3% | 18.2% | 16.1% | 8.5% | 3.9% | 4.3% |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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