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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash Flows — Operating Activities    
Net income $ 68,066 $ 59,825
Adjustments to net income:    
Depreciation and amortization, including intangible assets and deferred financing costs 65,837 63,853
Investment Management revenue received in shares of Managed REITs and other (16,505) (15,602)
Equity in earnings of equity method investments in the Managed Programs and real estate (15,325) (15,774)
Distributions of earnings from equity method investments 15,289 16,848
Deferred income taxes (12,155) (5,550)
Amortization of rent-related intangibles and deferred rental revenue 11,455 12,503
Stock-based compensation expense 8,219 6,910
Gain on sale of real estate (6,732) (10)
Impairment charges 4,790 0
Realized and unrealized losses on foreign currency transactions, derivatives, and other 4,267 3,444
Straight-line rent (3,722) (4,729)
Changes in assets and liabilities:    
Net changes in other operating assets and liabilities (23,893) (15,254)
Deferred structuring revenue received 4,080 6,672
Increase in deferred structuring revenue receivable (725) (1,400)
Net Cash Provided by Operating Activities 102,946 111,736
Cash Flows — Investing Activities    
Purchases of real estate (85,197) 0
Proceeds from repayment of short-term loans to affiliates 37,000 210,000
Proceeds from sales of real estate 35,691 24,184
Funding for real estate construction and redevelopments (17,236) (13,039)
Funding of short-term loans to affiliates (10,000) (22,835)
Other capital expenditures on owned real estate (3,312) (1,320)
Return of capital from equity method investments 3,244 1,512
Capital contributions to equity method investments (715) 0
Other investing activities, net 427 (486)
Capital expenditures on corporate assets (47) (99)
Net Cash (Used in) Provided by Investing Activities (40,145) 197,917
Cash Flows — Financing Activities    
Repayments of Senior Unsecured Credit Facility (650,722) (1,268,091)
Proceeds from issuance of Unsecured Senior Notes 616,355 530,456
Proceeds from Senior Unsecured Credit Facility 292,964 778,827
Prepayments of mortgage principal (164,908) (42,439)
Distributions paid (109,407) (106,751)
Scheduled payments of mortgage principal (22,472) (257,449)
Payments for withholding taxes upon delivery of equity-based awards and exercises of stock options (13,883) (10,819)
Distributions paid to noncontrolling interests (5,224) (6,261)
Payment of financing costs (3,590) (12,464)
Proceeds from mortgage financing 857 0
Other financing activities, net (137) 397
Contributions from noncontrolling interests 0 80,513
Net Cash Used in Financing Activities (60,167) (314,081)
Change in Cash and Cash Equivalents and Restricted Cash During the Period    
Effect of exchange rate changes on cash and cash equivalents and restricted cash 3,073 278
Net increase (decrease) in cash and cash equivalents and restricted cash 5,707 (4,150)
Cash and cash equivalents and restricted cash, beginning of period 209,676 210,731
Cash and cash equivalents and restricted cash, end of period $ 215,383 $ 206,581