In millions, except per share items | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 | Dec-31-06 | Dec-31-05 | Dec-31-04 | Dec-31-03 |
| 10-K/A | 10-K/A | 10-K/A | 10-K | 10-K | 10-K/A | 10-K | 10-K |
Revenues: | | | | | | | | |
Rental income | 771.3 | 722.6 | 743.8 | | | | | |
Property management and other fees and incentives | 120.3 | 142.8 | 131.0 | | | | | |
CDFS disposition proceeds | | 180.2 | | | | | | |
Development management and other income | 17.5 | 9.0 | 25.9 | | | | | |
Total revenues | 909.2 | 1,054.6 | 5,396.1 | | | | | |
|
Expenses: | | | | | | | | |
Rental expenses | 223.9 | 223.7 | 229.5 | | | | | |
Investment management expenses | 40.7 | 43.4 | 50.8 | | | | | |
General and administrative | 166.0 | 180.5 | 177.4 | 182.8 | 147.2 | 118.2 | 84.9 | 65.9 |
Reduction in workforce | | 11.7 | 23.1 | | | | | |
Impairment of real estate properties | 736.6 | 331.6 | 274.7 | | | | | |
Depreciation and amortization | 319.6 | 274.5 | 272.8 | 286.3 | 283.3 | 186.6 | 162.0 | 158.8 |
Other expenses | 16.4 | 24.0 | 27.6 | 12.4 | 13.0 | 8.6 | 5.5 | 7.6 |
Total expenses | 1,503.1 | 1,089.5 | 4,896.6 | | | | | |
Operating income (loss) | -594.0 | -34.8 | 499.5 | 1,099.5 | 764.7 | 423.8 | 349.6 | 335.6 |
|
Other income (expense): | | | | | | | | |
Earnings (loss) from unconsolidated investees, net | 23.7 | 28.1 | -55.8 | | | | | |
Interest income | 5.0 | 2.7 | 9.5 | | | | | |
Interest expense | -461.2 | -373.3 | -385.1 | | | | | |
Impairment of goodwill and other assets | -412.7 | -163.6 | -320.6 | | | | | |
Other income (expense), net | 10.8 | -42.1 | 7.0 | -103.9 | 120.2 | 107.6 | 104.7 | |
Net gains on dispositions of investments in real estate | 28.5 | 35.3 | 11.7 | | | | | |
Foreign currency exchange gains (losses), net | -11.1 | 35.6 | -148.3 | -8.1 | -21.4 | -16.0 | -14.7 | |
Gain (loss) on early extinguishment of debt, net | -201.5 | 172.3 | 90.7 | | | | | |
Total other income (expense) | -1,018.5 | -305.1 | -790.8 | | | | | |
Loss before income taxes | -1,612.4 | -339.9 | -291.3 | 995.6 | 743.9 | 327.0 | 264.0 | 258.9 |
Current income tax expense | 21.7 | 29.3 | 63.4 | | | | | |
Deferred income tax expense (benefit) | -52.2 | -23.3 | 4.6 | | | | | |
Total income taxes | -30.5 | 6.0 | 68.0 | 66.9 | 29.8 | 26.9 | 43.6 | 15.4 |
Tax rate | 1.9% | | | 6.7% | 4.0% | 8.2% | 16.5% | 5.9% |
Loss from continuing operations | -1,581.9 | -345.9 | -359.4 | | | | | |
|
Discontinued operations: | | | | | | | | |
Income attributable to disposed properties and assets held for sale | 76.9 | 105.1 | 88.1 | | | | | |
Net gain (impairment) related to disposed assets China operations | | 3.3 | -198.2 | | | | | |
|
Net gains on dispositions/impairment of properties: | | | | | | | | |
Non-development properties, net of taxes | 213.6 | 220.8 | 9.7 | | | | | |
Development properties and land subject to ground leases | 21.0 | 40.6 | | | | | | |
Total discontinued operations | 311.5 | 369.8 | -90.6 | 129.2 | 160.2 | 96.1 | 12.3 | 7.1 |
Consolidated net earnings (loss) | -2,852.4 | -322.0 | -450.0 | 1,057.9 | 644.5 | 316.2 | 244.8 | 198.1 |
Net earnings attributable to noncontrolling interests | 0.0 | -1.2 | -3.8 | 4.8 | | -5.2 | 4.9 | 5.0 |
Net earnings (loss) attributable to controlling interests | -1,270.5 | 22.8 | -453.8 | 1,053.1 | 874.4 | 396.2 | 232.8 | 250.7 |
Less preferred share dividends | 25.4 | 25.4 | 25.4 | | | | | |
Net loss attributable to common shares | -1,295.9 | -2.7 | -479.2 | 1,027.6 | 849.0 | 370.7 | 202.8 | 212.4 |
|
Weighted average common shares outstanding - Basic | 491.7 | 403.1 | 262.7 | 256.9 | 246.0 | 203.3 | 182.2 | 179.2 |
Weighted average common shares outstanding - Diluted | 491.7 | 403.1 | 262.7 | 267.2 | 256.9 | 213.7 | 191.8 | 187.2 |
|
Net earnings (loss) per share attributable to common shares - Basic: | | | | | | | | |
Continuing operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Net loss per share attributable to common shares - Basic | ($2.64) | ($0.01) | ($1.82) | | | | | |
|
Net earnings (loss) per share attributable to common shares - Diluted: | | | | | | | | |
Continuing operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Net loss per share attributable to common shares - Diluted | ($2.64) | ($0.01) | ($1.82) | | | | | |
|
Distributions per common share | $0.56 | $0.70 | $2.07 | | | | | |