The Company evaluates performance based on the following financial measures for each segment. The Company's segment information is as follows ($ in thousands): Real Estate Finance Net Lease Operating Properties Land and Development Corporate/Other (1) Company Total Year Ended December 31, 2019 Operating lease income $  $ 177,679 $ 28,423 $ 286 $  $ 206,388 Interest income 75,636 2,018    77,654 Interest income from sales-type leases  20,496    20,496 Other income 4,946 16,718 17,384 7,838 8,477 55,363 Land development revenue    119,595  119,595 Earnings (losses) from equity method investments  29,235 8,298 4,322 (6 ) 41,849 Selling profit from sales-type leases  180,416    180,416 Income from sales of real estate  224,654 11,969   236,623 Total revenue and other earnings 80,582 651,216 66,074 132,041 8,471 938,384 Real estate expense  (24,786 ) (35,322 ) (32,318 )  (92,426 ) Land development cost of sales    (109,663 )  (109,663 ) Other expense (462 )    (12,658 ) (13,120 ) Allocated interest expense (29,587 ) (95,154 ) (10,249 ) (20,706 ) (28,223 ) (183,919 ) Allocated general and administrative (2) (8,254 ) (25,990 ) (2,887 ) (11,957 ) (19,085 ) (68,173 ) Segment profit (loss) (3) $ 42,279 $ 505,286 $ 17,616 $ (42,603 ) $ (51,495 ) $ 471,083 Other significant items: Provision for loan losses $ 6,482 $  $  $  $  $ 6,482 Impairment of assets  2,471 3,853 6,427 668 13,419 Depreciation and amortization  51,091 4,977 977 1,214 58,259 Capitalized expenditures  31,445 5,617 99,031  136,093 Year Ended December 31, 2018 Operating lease income $  $ 151,958 $ 55,677 $ 557 $  $ 208,192 Interest income 97,878     97,878 Other income 4,556 4,286 54,361 7,320 11,819 82,342 Land development revenue    409,710  409,710 Earnings (losses) from equity method investments  8,479 (1,003 ) (3,110 ) (9,373 ) (5,007 ) Gain from consolidation of equity method investment  67,877    67,877 Income from sales of real estate  45,038 80,966   126,004 Total revenue and other earnings 102,434 277,638 190,001 414,477 2,446 986,996 Real estate expense  (17,033 ) (80,570 ) (41,686 )  (139,289 ) Land development cost of sales    (350,181 )  (350,181 ) Other expense (1,578 )    (4,462 ) (6,040 ) Allocated interest expense (40,653 ) (63,706 ) (18,618 ) (21,897 ) (38,877 ) (183,751 ) Allocated general and administrative (2) (12,997 ) (20,713 ) (6,574 ) (14,313 ) (19,975 ) (74,572 ) Segment profit (loss) (3) $ 47,206 $ 176,186 $ 84,239 $ (13,600 ) $ (60,868 ) $ 233,163 Other significant non-cash items: Provision for loan losses $ 16,937 $  $  $  $  $ 16,937 Impairment of assets  10,391 79,991 56,726  147,108 Depreciation and amortization  38,588 17,417 1,353 1,341 58,699 Capitalized expenditures  40,215 19,912 144,595  204,722 Real Estate Finance Net Lease Operating Properties Land and Development Corporate/Other (1) Company Total Year Ended December 31, 2017 Operating lease income $  $ 123,685 $ 63,159 $ 840 $  $ 187,684 Interest income 106,548     106,548 Other income 2,633 2,603 49,641 126,259 6,955 188,091 Land development revenue    196,879  196,879 Earnings (losses) from equity method investments  5,086 (772 ) 7,292 1,409 13,015 Income from discontinued operations  4,939    4,939 Gain from discontinued operations  123,418    123,418 Income from sales of real estate  87,512 4,537   92,049 Total revenue and other earnings 109,181 347,243 116,565 331,270 8,364 912,623 Real estate expense  (16,742 ) (89,725 ) (41,150 )  (147,617 ) Land development cost of sales    (180,916 )  (180,916 ) Other expense (1,413 )    (19,541 ) (20,954 ) Allocated interest expense (40,359 ) (53,710 ) (20,171 ) (28,033 ) (52,413 ) (194,686 ) Allocated general and administrative (2) (15,223 ) (19,563 ) (8,075 ) (16,483 ) (20,726 ) (80,070 ) Segment profit (loss) (3) $ 52,186 $ 257,228 $ (1,406 ) $ 64,688 $ (84,316 ) $ 288,380 Other significant non-cash items: Recovery of loan losses $ (5,828 ) $  $  $  $  $ (5,828 ) Impairment of assets  5,486 6,358 20,535  32,379 Depreciation and amortization  28,132 17,684 1,896 1,321 49,033 Capitalized expenditures  4,838 35,754 125,744  166,336 Real Estate Finance Net Lease Operating Properties Land and Development Corporate/Other (1) Company Total As of December 31, 2019 Real estate Real estate, net $  $ 1,327,082 $ 200,137 $  $  $ 1,527,219 Real estate available and held for sale   8,650   8,650 Total real estate  1,327,082 208,787   1,535,869 Net investment in leases  418,915    418,915 Land and development, net    580,545  580,545 Loans receivable and other lending investments, net 783,522 44,339    827,861 Other investments  760,068 61,686 42,866 43,255 907,875 Total portfolio assets $ 783,522 $ 2,550,404 $ 270,473 $ 623,411 $ 43,255 4,271,065 Cash and other assets 814,044 Total assets $ 5,085,109 As of December 31, 2018 Real estate Real estate, net $  $ 1,536,494 $ 234,525 $  $  $ 1,771,019 Real estate available and held for sale  1,055 21,496   22,551 Total real estate  1,537,549 256,021   1,793,570 Land and development, net    598,218  598,218 Loans receivable and other lending investments, net 988,224     988,224 Other investments  165,804 65,643 65,312 7,516 304,275 Total portfolio assets $ 988,224 $ 1,703,353 $ 321,664 $ 663,530 $ 7,516 3,684,287 Cash and other assets 1,329,990 Total assets $ 5,014,277 _______________________________________________________________________________ (1) Corporate/Other represents all corporate level and unallocated items including any intercompany eliminations necessary to reconcile to consolidated Company totals. This caption also includes the Company's joint venture investments and strategic investments that are not included in the other reportable segments above. (2) General and administrative excludes stock-based compensation expense of $30.4 million , $17.6 million and $18.8 million for the years ended December 31, 2019 , 2018 and 2017 , respectively. (3) The following is a reconciliation of segment profit to net income (loss) ($ in thousands): For the Years Ended December 31, 2019 2018 2017 Segment profit $ 471,083 $ 233,163 $ 288,380 Add/Less: (Provision for) recovery of loan losses (6,482 ) (16,937 ) 5,828 Less: Impairment of assets (13,419 ) (147,108 ) (32,379 ) Less: Depreciation and amortization (58,259 ) (58,699 ) (49,033 ) Less: Stock-based compensation expense (30,436 ) (17,563 ) (18,812 ) Less: Income tax (expense) benefit (438 ) (815 ) 948 Less: Loss on early extinguishment of debt, net (27,724 ) (10,367 ) (14,724 ) Net income (loss) $ 334,325 $ (18,326 ) $ 180,208