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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash Flows — Operating Activities    
Net income $ 182,987 $ 61,655
Adjustments to net income:    
Depreciation and amortization, including intangible assets and deferred financing costs 123,908 67,658
Gain on change in control of interests (104,645) 0
Gain on sale of real estate (23,930) (50)
Straight-line rent and amortization of rent-related intangibles 23,350 9,646
Management income received in shares of Managed REITs and other (18,045) (20,215)
Stock-based compensation expense 15,000 17,578
Impairment charges 2,066 4,950
Income from equity investments in real estate and the Managed REITs in excess of distributions received (1,815) (22,338)
Unrealized gain on foreign currency transactions and other (1,412) (3,220)
Amortization of deferred revenue (786) (4,718)
Realized (gain) loss on extinguishment of debt and other (344) 181
Payments for withholding taxes upon delivery of equity-based awards and exercises of stock options (16,271) (10,435)
Increase in income taxes, net (12,538) (11,507)
Deferred acquisition revenue received 11,153 12,402
Increase in structuring revenue receivable (10,842) (2,285)
Decrease (increase) in prepaid taxes 5,721 (16,143)
Net changes in other operating assets and liabilities (4,920) (11,706)
Net Cash Provided by Operating Activities 168,637 71,453
Cash Flows — Investing Activities    
Proceeds from sale of real estate and equity investments 280,795 48,902
Funds placed in escrow (242,370) (73,993)
Funds released from escrow 139,254 95,536
Purchases of real estate (88,334) (183,554)
Cash acquired in connection with the CPA®:16 Merger 65,429 0
Capital expenditures (13,477) (5,806)
Loan to affiliate (11,000) 0
Distributions received from equity investments in real estate and the Managed REITs in excess of equity income 8,889 21,907
Purchase of securities for the defeasance of debt (7,664) 0
Cash paid to stockholders of CPA®:16 – Global in the CPA®:16 Merger (1,338) 0
Proceeds from repayment of short-term loans 1,155 0
Other investing activities, net (740) 176
Capital contributions to equity investments (459) (1,455)
Net Cash Provided by (Used in) Investing Activities 131,620 (98,639)
Cash Flows — Financing Activities    
Repayments of senior credit facility (1,310,000) (98,000)
Proceeds from senior credit facility and unsecured term loan 1,042,627 230,000
Proceeds from issuance of senior unsecured notes 498,195 0
Prepayments of mortgage principal (201,820) (40,492)
Distributions paid (158,312) (102,923)
Scheduled payments of mortgage principal (61,608) (81,344)
Payment of financing costs and mortgage deposits, net of deposits refunded (12,192) (305)
Distributions paid to noncontrolling interests (12,026) (15,228)
Proceeds from mortgage financing 6,550 99,000
Windfall tax benefit associated with stock-based compensation awards 5,449 11,556
Proceeds from exercise of stock options 1,184 1,970
Purchase of treasury stock from related party (677) (40,000)
Funds placed in escrow (588) (463)
Contributions from noncontrolling interests 314 2,830
Net Cash Used in Financing Activities (202,904) (33,399)
Change in Cash and Cash Equivalents During the Period    
Effect of exchange rate changes on cash 99 (554)
Net increase (decrease) in cash and cash equivalents 97,452 (61,139)
Cash and cash equivalents, beginning of period 117,519 123,904
Cash and cash equivalents, end of period $ 214,971 $ 62,765