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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating Activities      
Net income $ 146,114 $ 106,778 $ 140,249
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 261,289 224,096 190,778
Loss on early extinguishment of debt 189 525 1,992
(Gain) loss on sale of real estate (12,426) (1,838) 121
Impairment of real estate 23,250 51,675 0
Gain on sales of real estate - land parcels 0 (6,403) (4,824)
Equity in earnings of unconsolidated joint ventures (1,651) (554) 0
Distributions of earnings from unconsolidated joint ventures 873 549 0
Amortization of loan fees and costs 11,003 10,909 9,936
Amortization of debt premiums/discounts (372) 117 529
Amortization of acquired above and below market leases (6,118) (2,845) (3,316)
Deferred rent (47,483) (44,726) (27,935)
Stock compensation expense 17,512 13,996 15,552
Investment gains (35,035) (11,613) (7,050)
Investment losses 16,093 9,287 1,480
Changes in operating assets and liabilities:      
Restricted cash 60 4,141 899
Tenant receivables 7 (673) (1,519)
Deferred leasing costs (65,415) (38,282) (54,825)
Other assets (9,079) (7,466) (6,298)
Accounts payable, accrued expenses, and tenant security deposits 43,800 26,652 56,958
Net cash provided by operating activities 342,611 334,325 312,727
Investing Activities      
Proceeds from sales of real estate 129,799 81,580 153,968
Additions to real estate (564,206) (497,773) (593,389)
Purchase of real estate (248,933) (127,887) (122,069)
Deposits for investing activities (5,501) (10,282) 0
Change in restricted cash related to construction projects 0 1,665 7,655
Investment in unconsolidated joint venture (9,027) (70,758) (17,987)
Additions to investments (95,945) (60,230) (36,078)
Proceeds from sales of investments 67,136 18,973 16,525
Proceeds from repayment of notes receivable 4,282 29,883 0
Net cash used in investing activities (722,395) (634,829) (591,375)
Financing Activities      
Borrowings from secured notes payable 169,754 126,215 28,489
Repayments of borrowings from secured notes payable (89,815) (231,051) (36,219)
Proceeds from issuance of unsecured senior notes payable 298,872 698,908 498,561
Principal borrowings from unsecured senior line of credit and unsecured senior bank term loans 2,145,000 1,168,000 729,000
Repayments of borrowings from unsecured senior line of credit (2,298,000) (1,068,000) (1,091,000)
Repayment of unsecured senior bank term loan (25,000) (125,000) (250,000)
Repurchase of unsecured senior convertible notes 0 0 (384)
Redemption of Series D Cumulative Convertible Preferred Stock 0 (14,414) 0
Change in restricted cash related to financings 3,842 (1,409) 2,546
Loan fees and costs paid (10,584) (8,099) (19,928)
Proceeds from common stock offerings 78,463 0 534,469
Dividends paid on common stock (218,104) (202,386) (169,076)
Dividends paid on preferred stock (24,986) (25,885) (25,885)
Contributions by noncontrolling interests 453,750 19,410 0
Distributions to noncontrolling interests (64,066) (4,977) (3,003)
Net cash provided by financing activities 419,126 331,312 197,570
Effect of foreign exchange rate changes on cash and cash equivalents (255) (2,493) (2,197)
Net (decrease) increase in cash and cash equivalents 39,087 28,315 (83,275)
Cash and cash equivalents at beginning of period 86,011 57,696 140,971
Cash and cash equivalents at end of period 125,098 86,011 57,696
Supplemental Disclosure of Cash Flow Information      
Cash paid during the period for interest, net of interest capitalized 93,856 57,966 59,857
Non-Cash Investing Activities      
Note receivable issued in connection with sale of real estate   2,000 38,820
Change in accrued capital expenditures (10,070) 29,846 (21,310)
Assumption of secured notes payable in connection with purchase of properties (82,000) (48,329) 0
Payments to Acquire Additional Interest in Subsidiaries $ (51,092) $ 0 $ 0