| In millions, except per share items | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Other | 134.6 | 116.9 | 125.5 | | | | | |
| Southeastern PA | 27.9 | 59.8 | 91.7 | 119.3 | 148.7 | 138.2 | 169.6 | 174.1 |
| Other | 542.5 | 488.8 | 458.2 | 654.7 | 643.9 | 507.8 | 390.6 | 359.6 |
| Total revenues [+] | 704.9 | 665.4 | 675.3 | 774.0 | 792.6 | 645.9 | 560.3 | 533.7 |
| Tenant reimbursements | | | | 212.5 | 224.3 | 187.8 | 163.9 | 153.9 |
| Lease / rental | 480.4 | 446.5 | 495.1 | 561.4 | 568.3 | 458.1 | 396.4 | 379.8 |
| Revenue growth [+] | 5.9% | -1.5% | -12.7% | -2.4% | 22.7% | 15.3% | 5.0% | -18.1% |
| Other | 15.1% | -6.9% | | | | | | |
| Southeastern PA | -53.4% | -34.8% | -23.1% | -19.8% | 7.6% | -18.6% | -2.5% | |
| Cost of goods sold [+] | 288.8 | 226.6 | 193.8 | 225.6 | 239.9 | 194.5 | 170.1 | 157.3 |
| Real estate taxes and insurance | 91.7 | 83.2 | 92.9 | 101.6 | 101.8 | 79.9 | 65.7 | 62.1 |
| Real estate or leased property costs | 62.3 | 57.6 | 88.7 | 124.0 | 138.1 | 114.6 | 104.4 | 95.2 |
| Gross profit | 416.1 | 438.8 | 481.5 | 548.3 | 552.7 | 451.4 | 390.2 | 376.4 |
| Gross margin | 59.0% | 65.9% | 71.3% | 70.8% | 69.7% | 69.9% | 69.6% | 70.5% |
| Selling, general and administrative [+] | 55.6 | 61.3 | 64.1 | 68.9 | 63.3 | 74.6 | 64.7 | 59.2 |
| General and administrative | 55.6 | 61.3 | 64.1 | 68.9 | 63.3 | 74.6 | 64.7 | 59.2 |
| Equity in earnings | 21.4 | 17.2 | 22.0 | 3.1 | 10.3 | 6.1 | -0.7 | 3.5 |
| Other operating expenses | -80.7 | -110.7 | -184.8 | -100.3 | -45.1 | | | -5.0 |
| EBITDA [+] | 462.5 | 505.4 | 624.2 | 594.8 | 549.0 | 414.3 | 356.7 | 371.2 |
| EBITDA growth | -8.5% | -19.0% | 4.9% | 8.4% | 32.5% | 16.1% | -3.9% | -13.5% |
| EBITDA margin | 65.6% | 76.0% | 92.4% | 76.9% | 69.3% | 64.1% | 63.7% | 69.6% |
| Depreciation and amortization | 169.7 | 162.7 | 191.4 | 229.8 | 236.1 | 205.1 | 167.4 | 171.7 |
| EBIT [+] | 292.8 | 342.7 | 432.8 | 365.0 | 312.9 | 209.1 | 189.3 | 199.5 |
| EBIT growth | -14.6% | -20.8% | 18.6% | 16.7% | 49.6% | 10.5% | -5.1% | -21.8% |
| EBIT margin | 41.5% | 51.5% | 64.1% | 47.2% | 39.5% | 32.4% | 33.8% | 37.4% |
| Non-recurring items [+] | 32.4 | 3.9 | 3.9 | 117.5 | 45.3 | 0.2 | | 5.0 |
| Asset impairment | 32.4 | 3.9 | 3.9 | 17.2 | | | | |
| Loss (gain) on sale of assets | | | | | 45.1 | | | 5.0 |
| Interest expense, net [+] | 89.6 | 84.2 | 105.1 | 133.6 | 151.9 | 127.1 | 103.4 | 93.9 |
| Interest expense | 89.6 | 84.2 | 105.1 | 133.6 | 151.9 | 127.1 | 103.4 | 102.0 |
| Interest income | | | | | | | | 8.1 |
| Other income (expense), net [+] | -12.0 | -7.7 | 13.3 | 20.6 | 7.3 | 12.7 | 12.5 | -3.5 |
| Gain (loss) on debt retirement | | 0.0 | -27.1 | | | | | |
| Other | -12.0 | -7.7 | -13.8 | -23.8 | -17.6 | -18.8 | -11.8 | -93.9 |
| Pre-tax income | 158.7 | 246.8 | 337.0 | 134.6 | 123.0 | 94.5 | 98.4 | 97.1 |
| Income taxes | -7.4 | -2.0 | -2.0 | -2.7 | -2.6 | -2.8 | -1.0 | -1.0 |
| Tax rate | | | | | | | | |
| Minority interest | -11.9 | -7.2 | -9.1 | -6.2 | | | | |
| Earnings from continuing ops | 153.1 | 241.1 | 329.7 | 228.9 | 169.6 | 87.9 | 86.4 | 77.9 |
| Earnings from discontinued ops | 326.5 | 41.2 | 27.1 | 10.6 | 48.6 | 121.8 | 51.0 | 106.1 |
| Net income | 479.6 | 282.3 | 356.8 | 239.5 | 218.2 | 209.7 | 137.4 | 184.0 |
| Net margin | 68.0% | 42.4% | 52.8% | 30.9% | 27.5% | 32.5% | 24.5% | 34.5% |
| |
| Basic EPS [+] | $1.04 | $1.64 | $2.25 | $1.54 | $1.15 | $0.68 | $0.74 | $0.68 |
| Growth | -36.7% | -27.1% | 46.0% | 34.0% | 70.7% | -8.7% | 8.9% | -26.6% |
| Diluted EPS [+] | $1.03 | $1.63 | $2.24 | $1.54 | $1.15 | $0.67 | $0.73 | $0.67 |
| Growth | -36.8% | -27.2% | 45.9% | 34.1% | 70.8% | -8.6% | 8.8% | -26.7% |
| |
| Dividends per share [+] | | | | | | | | $1.90 |
| Growth | | | | | | | -100.0% | 0.0% |
| |
| Shares outstanding (basic) [+] | 147.3 | 146.7 | 146.2 | 148.2 | 147.2 | 130.2 | 116.9 | 114.8 |
| Growth | 0.4% | 0.4% | -1.4% | 0.7% | 13.1% | 11.4% | 1.8% | 1.6% |
| Shares outstanding (diluted) [+] | 148.2 | 147.5 | 146.9 | 148.8 | 147.9 | 130.9 | 117.7 | 115.5 |
| Growth | 0.5% | 0.4% | -1.3% | 0.6% | 13.0% | 11.2% | 1.9% | 1.7% |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |