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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash Flows — Operating Activities    
Net income $ 134,917 $ 147,490
Adjustments to net income:    
Depreciation and amortization, including intangible assets and deferred financing costs 232,100 132,188
Amortization of rent-related intangibles and deferred rental revenue 32,375 23,332
Straight-line rent adjustments (24,294) (7,503)
Realized and unrealized losses (gains) on foreign currency transactions, derivatives, and other 15,972 (4,330)
Investment Management revenue received in shares of Managed REITs and other (15,357) (30,793)
Distributions of earnings from equity method investments 12,889 28,361
Equity in earnings of equity method investments in the Managed Programs and real estate (9,442) (27,883)
Stock-based compensation expense 9,101 11,917
Deferred income tax benefit (2,124) (8,959)
Gain on sale of real estate, net (571) (18,644)
Impairment charges 0 4,790
Changes in assets and liabilities:    
Net changes in other operating assets and liabilities (60,177) (24,096)
Deferred structuring revenue received 3,344 5,620
Increase in deferred structuring revenue receivable (573) (2,576)
Net Cash Provided by Operating Activities 328,160 228,914
Cash Flows — Investing Activities    
Purchases of real estate (289,766) (269,890)
Funding for real estate construction, redevelopments, and other capital expenditures on real estate (76,891) (48,888)
Return of capital from equity method investments 27,186 6,957
Other investing activities, net 23,143 (4,010)
Proceeds from sales of real estate 12,589 77,737
Funding of short-term loans to affiliates (10,596) (10,000)
Proceeds from repayment of loan receivable 9,574 362
Capital contributions to equity method investments (2,594) (715)
Proceeds from repayment of short-term loans to affiliates 0 37,000
Net Cash Used in Investing Activities (307,355) (211,447)
Cash Flows — Financing Activities    
Proceeds from Senior Unsecured Credit Facility 526,821 592,990
Repayments of Senior Unsecured Credit Facility (507,448) (818,895)
Prepayments of mortgage principal (493,317) (164,908)
Proceeds from shares issued under ATM Program, net of selling costs 392,134 0
Dividends paid (347,449) (219,192)
Proceeds from issuance of Senior Unsecured Notes 321,347 616,355
Scheduled payments of mortgage principal (57,358) (34,338)
Payments for withholding taxes upon delivery of equity-based awards (15,743) (13,905)
Payment of financing costs (2,258) (4,286)
Other financing activities, net 1,393 (3,309)
Contributions from noncontrolling interests 849 71
Distributions paid to noncontrolling interests (622) (9,773)
Proceeds from mortgage financing 0 857
Net Cash Used in Financing Activities (181,651) (58,333)
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 (1,606) (4,992)
Net decrease in cash and cash equivalents and restricted cash (162,452) (45,858)
Cash and cash equivalents and restricted cash, beginning of period 424,063 209,676
Cash and cash equivalents and restricted cash, end of period $ 261,611 $ 163,818