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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:      
Consolidated Net Income $ 2,139,375 $ 1,651,526 $ 1,551,590
Adjustments to reconcile consolidated net income to net cash provided by operating activities -      
Depreciation and amortization 1,239,214 1,285,784 1,332,950
Loss on debt extinguishment 120,953 127,573  
Gain upon acquisition of controlling interests and sale or disposal of assets and interests in unconsolidated entities, net (250,516) (158,550) (107,515)
Gain on sale of marketable securities (80,187)    
Straight-line rent (54,129) (48,880) (48,264)
Equity in income of unconsolidated entities (284,806) (227,426) (205,259)
Distributions of income from unconsolidated entities 271,998 202,269 179,054
Changes in assets and liabilities -      
Tenant receivables and accrued revenue, net 9,918 (6,730) (13,938)
Deferred costs and other assets (122,677) (65,569) (30,013)
Accounts payable, accrued expenses, intangibles, deferred revenues and other liabilities 35,542 (29,577) 42,391
Net cash provided by operating activities 3,024,685 2,730,420 2,700,996
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisitions (1,410,881) (85,459) (866,541)
Funding of loans to related parties   (50,892) (99,079)
Repayments of loans to related parties   170,953  
Capital expenditures, net (1,020,924) (796,736) (841,209)
Cash impact from the consolidation of properties   5,402  
Net proceeds from sale of assets 33,015   274,058
Investments in unconsolidated entities (329,928) (239,826) (143,149)
Purchase of marketable and non-marketable securities (59,523) (391,188) (44,117)
Proceeds from sale of marketable and non-marketable securities 504,012   47,495
Distributions of capital from unconsolidated entities and other 821,509 490,480 724,454
Net cash used in investing activities (1,462,720) (897,266) (948,088)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from sales of common stock and other, net of transaction costs (285) 277 99
Purchase of shares related to stock grant recipients' tax withholdings (3,301)    
Cash impact of Washington Prime spin-off   (33,776)  
Redemption of limited partner units   (14,435)  
Purchase of limited partner units and treasury stock (505,691)    
Purchase of noncontrolling interest in consolidated properties and other   (172,652)  
Distributions to noncontrolling interest holders in properties (8,041) (21,259) (9,335)
Contributions from noncontrolling interest holders in properties 4,552 1,738 6,053
Preferred distributions of the Operating Partnership (1,915) (1,915) (1,915)
Preferred dividends and distributions to stockholders (1,879,182) (1,603,603) (1,446,042)
Distributions to limited partners (314,944) (271,640) (242,596)
Loss on debt extinguishment (120,953) (127,573)  
Proceeds from issuance of debt, net of transaction costs 10,468,667 3,627,154 2,919,364
Repayments of debt (9,112,020) (5,323,186) (2,446,191)
Proceeds from issuance of debt related to Washington Prime properties, net   1,003,135  
Net cash used in financing activities (1,473,113) (2,937,735) (1,220,563)
INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS 88,852 (1,104,581) 532,345
CASH AND CASH EQUIVALENTS, beginning of period 612,282 1,716,863 1,184,518
CASH AND CASH EQUIVALENTS, end of period $ 701,134 $ 612,282 $ 1,716,863