| In millions, except per share items | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Minimum rent | | | | | 572.8 | 623.1 | | 426.0 |
| Tenant reimbursements | | | | | | 259.8 | 194.9 | 184.7 |
| Other | | | | | 270.7 | 38.5 | | 15.5 |
| Total revenues [+] | 524.4 | 661.5 | 717.5 | 753.1 | 843.5 | 921.4 | 194.9 | 626.3 |
| Tenant reimbursements | | | | | | 259.8 | 194.9 | 184.7 |
| Lease / rental | | | | | 572.8 | 623.1 | | 426.0 |
| Other | 17.7 | 27.9 | 27.0 | 20.8 | | | | |
| Other income | | | | | | 24.4 | | 6.8 |
| Revenue growth [+] | -20.7% | -7.8% | -4.7% | -10.7% | -8.5% | 372.8% | -68.9% | 0.4% |
| Minimum rent | | | | | -8.1% | | | 1.0% |
| Tenant reimbursements | | | | | | 33.3% | 5.5% | 1.0% |
| Cost of goods sold [+] | 216.2 | 236.5 | 235.1 | 236.1 | 269.3 | 306.8 | 214.0 | 202.9 |
| Maintenance and operations costs | | | | | | | | 22.6 |
| Real estate taxes and insurance | 78.4 | 82.1 | 86.7 | 89.6 | 102.6 | 109.5 | 77.4 | 76.2 |
| Real estate or leased property costs | | | | | 166.7 | 197.3 | 136.5 | 104.1 |
| Other direct costs | 137.8 | 154.3 | 148.4 | | | | | |
| Gross profit | 308.3 | 425.0 | 482.4 | 516.9 | 574.1 | 614.5 | -19.1 | 423.4 |
| Gross margin | 58.8% | 64.3% | 67.2% | 68.6% | 68.1% | 66.7% | -9.8% | 67.6% |
| Selling, general and administrative [+] | 55.5 | 60.7 | 48.2 | 44.0 | 52.0 | 66.7 | 483.8 | 8.3 |
| Sales and marketing | 7.3 | 9.5 | 9.1 | 9.1 | 10.4 | 11.6 | | 8.3 |
| General and administrative [+] | 48.1 | 51.2 | 39.1 | 34.9 | 41.6 | 55.0 | | |
| General and administrative expenses | 48.1 | 51.2 | 39.1 | 34.9 | 37.3 | 48.2 | 10.8 | |
| Rent expense | | | | | 4.3 | 6.9 | | |
| Equity in earnings | -14.7 | -1.5 | 0.5 | 1.4 | -1.7 | -1.2 | | 1.4 |
| Other operating expenses | -22.1 | -162.3 | -123.5 | -296.7 | -58.3 | 2.0 | | 5.2 |
| EBITDA [+] | 258.2 | 527.0 | 559.5 | 771.4 | 582.5 | 542.0 | -305.0 | 412.9 |
| EBITDA growth | -51.0% | -5.8% | -27.5% | 32.4% | 7.5% | -277.7% | -173.9% | 1.9% |
| EBITDA margin | 49.2% | 79.7% | 78.0% | 102.4% | 69.1% | 58.8% | -156.5% | 65.9% |
| Depreciation and amortization | 227.0 | 273.2 | 259.0 | 259.2 | 285.0 | 329.9 | 197.9 | 184.5 |
| EBIT [+] | 31.2 | 253.8 | 300.5 | 512.2 | 297.5 | 212.1 | -502.9 | 228.4 |
| EBIT growth | -87.7% | -15.6% | -41.3% | 72.2% | 40.3% | -142.2% | -320.2% | 6.1% |
| EBIT margin | 5.9% | 38.4% | 41.9% | 68.0% | 35.3% | 23.0% | -258.1% | 36.5% |
| Non-recurring items [+] | 135.2 | 35.3 | | 66.9 | 51.5 | 179.6 | | |
| Asset impairment | 135.2 | 35.3 | | 66.9 | 21.9 | 148.0 | | |
| Interest expense | 156.8 | 153.4 | 142.0 | 126.5 | 136.2 | 139.9 | | 55.1 |
| Interest expense | 156.8 | 153.4 | 142.0 | 126.5 | 136.2 | 139.9 | 82.4 | 55.1 |
| Other income (expense), net [+] | | -63.7 | -51.4 | -90.6 | -34.6 | 2.5 | 756.6 | 13.8 |
| Asset impairment charges | -11.2 | | | | | | | |
| Gain (loss) on sale of assets | 31.9 | 38.4 | 24.6 | 124.8 | -2.0 | 4.2 | | |
| Gain (loss) on debt retirement | | 63.7 | 51.4 | 90.6 | 34.6 | | | |
| Pre-tax income | -260.7 | 1.5 | 107.1 | 228.2 | 75.2 | -105.0 | 171.2 | 187.1 |
| Income taxes | 1.1 | -1.3 | -1.5 | -3.4 | -2.2 | -0.8 | 1.2 | -0.2 |
| Tax rate | | | | | | 0.8% | 0.7% | |
| Minority interest | -42.0 | -1.5 | 15.1 | 34.5 | 10.3 | -18.8 | | 31.9 |
| Net income | -42.3 | -1.8 | 14.7 | 34.2 | 53.1 | -101.3 | 170.0 | 155.5 |
| Net margin | -8.1% | -0.3% | 2.1% | 4.5% | 6.3% | -11.0% | 87.2% | 24.8% |
| |
| Basic EPS [+] | ($11.04) | ($0.47) | $3.82 | $0.98 | $1.55 | ($2.95) | $5.28 | $4.92 |
| Growth | 2268.7% | -112.2% | 288.7% | -36.5% | -152.4% | -155.9% | 7.2% | 488.9% |
| Diluted EPS [+] | ($2.00) | ($0.09) | $0.71 | $0.18 | $0.29 | ($0.55) | $1.10 | $1.00 |
| Growth | 2227.5% | -112.2% | 285.7% | -36.0% | -152.0% | -150.2% | 9.4% | 44.2% |
| |
| Dividends per share [+] | $1.13 | $9.00 | $9.00 | $1.00 | $1.00 | $1.00 | $2.92 | |
| Growth | -87.5% | 0.0% | 800.0% | 0.0% | 0.0% | -65.8% | | |
| |
| Shares outstanding (basic) [+] | 3.8 | 3.9 | 3.9 | 34.8 | 34.3 | 34.3 | 32.2 | 31.6 |
| Growth | -0.6% | 0.1% | -88.9% | 1.5% | 0.0% | 6.5% | 2.0% | -79.7% |
| Shares outstanding (diluted) [+] | 21.2 | 20.9 | 20.9 | 186.8 | 185.6 | 184.2 | 155.2 | 155.2 |
| Growth | 1.1% | 0.4% | -88.8% | 0.6% | 0.8% | 18.7% | 0.0% | -16.9% |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |