Supplemental Cash Flow Information

6 Months Ended

Jun. 30, 2021

Supplemental Cash Flow Elements [Abstract]

Supplemental Cash Flow Information

NOTE 12. SUPPLEMENTAL CASH FLOW INFORMATION

Our significant noncash investing and financing activities for the six months ended June 30, 2021 and 2020 included the following:

• We recognized lease right-of-use assets and lease liabilities related to leases in which we are the lessee within Other Assets and Other Liabilities on the Consolidated Balance Sheets, including any new leases, renewals and modifications of $10.0 million in 2021 and $2.9 million in 2020 for both assets and liabilities.

• We capitalized $13.6 million and $13.2 million in 2021 and 2020, respectively, of equity-based compensation expense.  

• We assumed debt of $93.7 million upon obtaining a controlling financial interest in and consolidating an unconsolidated venture in 2021.

• We received $173.7 million and $57.1 million in 2021 and 2020, respectively, of ownership interests in certain unconsolidated co-investment ventures as a portion of our proceeds from the contribution of properties to these entities, as disclosed in Note 4.

• We issued 0.1 million shares in both 2021 and 2020 of the Parent’s common stock upon redemption of an equal number of common limited partnership units in the OP.

• We formed an unconsolidated venture by contributing $10.0 million of land in 2021.

• We completed the Liberty Transaction on February 4, 2020 for $13.0 billion through the issuance of equity and the assumption of debt. See Note 2 for more information on this transaction.

We paid $179.8 million and $168.1 million for interest, net of amounts capitalized, for the six months ended June 30, 2021 and 2020, respectively.

We paid $72.0 million and $45.0 million for income taxes, net of refunds, for the six months ended June 30, 2021 and 2020, respectively.