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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Consolidated Net Income $ 1,186,962 $ 878,571
Adjustments to reconcile consolidated net income to net cash provided by operating activities -    
Depreciation and amortization 615,249 670,714
Gain upon acquisition of controlling interests and sale or disposal of assets and interests in unconsolidated entities, net (223,266) (136,767)
Gain on sale of marketable securities (80,187)  
Straight-line rent (27,206) (23,165)
Equity in income of unconsolidated entities (135,068) (113,494)
Distributions of income from unconsolidated entities 120,918 105,087
Changes in assets and liabilities -    
Tenant receivables and accrued revenue, net 70,426 63,647
Deferred costs and other assets (40,841) (45,761)
Accounts payable, accrued expenses, intangibles, deferred revenues and other liabilities (3,681) (127,695)
Net cash provided by operating activities 1,483,306 1,271,137
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions (1,231,381) (85,459)
Funding of loans to related parties   (33,236)
Repayments of loans to related parties   4,092
Capital expenditures, net (488,950) (366,034)
Cash impact from the consolidation of properties   5,402
Investments in unconsolidated entities (153,663) (115,827)
Purchase of marketable and non-marketable securities (17,450) (9,201)
Proceeds from sale of marketable and non-marketable securities 454,012  
Distributions of capital from unconsolidated entities and other 583,626 287,870
Net cash used in investing activities (853,806) (312,393)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Issuance of units (3,465) (71)
Cash impact of Washington Prime spin-off   (33,776)
Purchase of preferred stock, limited partner units and treasury stock 505,691  
Purchase of noncontrolling interest in consolidated properties and other   (89,818)
Distributions to noncontrolling interest holders in properties (4,049) (18,164)
Contributions from noncontrolling interest holders in properties 613 388
Partnership distributions (1,055,091) (928,707)
Mortgage and unsecured indebtedness proceeds, net of transaction costs 4,058,658 1,405,336
Mortgage and unsecured indebtedness principal payments (3,167,100) (2,348,113)
Proceeds from issuance of debt related to Washington Prime properties, net   1,003,135
Net cash used in financing activities (676,125) (1,009,790)
INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS (46,625) (51,046)
CASH AND CASH EQUIVALENTS, beginning of period 612,282 1,716,863
CASH AND CASH EQUIVALENTS, end of period $ 565,657 $ 1,665,817