XML 29 R7.htm IDEA: XBRL DOCUMENT v3.19.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net (loss) income $ (4,312) $ 362,393
Adjustments to reconcile net (loss) income to cash provided by operating activities:    
Depreciation and amortization 146,154 142,639
Amortization of debt issuance costs and debt discounts and premiums 3,171 2,953
Straight line rental income (2,364) (6,023)
Amortization of acquired real estate leases and other intangible assets (3,080) (2,797)
Loss on early extinguishment of debt 17 130
Impairment of assets 8,419 548
Gain on sale of properties (17,710) (261,916)
Unrealized gains and losses on equity securities, net 41,516 (50,506)
Other non-cash adjustments (1,885) (1,886)
Equity in earnings of an investee (534) (51)
Change in assets and liabilities:    
Other assets 9,370 4,742
Accrued interest (765) 8,028
Other liabilities (52,123) (19,130)
Net cash provided by operating activities 125,874 179,124
Cash flows from investing activities:    
Real estate acquisitions and deposits 0 (129,493)
Real estate improvements (135,750) (41,061)
Proceeds from sale of properties 34,116 332,389
Net cash (used in) provided by investing activities (101,634) 161,835
Cash flows from financing activities:    
Proceeds from issuance of senior unsecured notes, net 0 491,560
Proceeds from borrowings on revolving credit facility 730,000 429,000
Repayments of borrowings on revolving credit facility (179,000) (961,000)
Redemption of senior notes (400,000) 0
Repayment of other debt (44,552) (7,832)
Loss on early extinguishment of debt settled in cash 0 (130)
Payment of debt issuance costs 0 (4,296)
Repurchase of common shares (33) (90)
Distributions to noncontrolling interest (11,187) (10,781)
Distributions to shareholders (128,373) (185,350)
Net cash used in financing activities (33,145) (248,919)
(Decrease) increase in cash and cash equivalents and restricted cash (8,905) 92,040
Cash and cash equivalents and restricted cash at beginning of period 70,071 47,321
Cash and cash equivalents and restricted cash at end of period 61,166 139,361
Supplemental cash flows information:    
Interest paid 90,061 77,385
Income taxes paid 431 439
Non-cash investing activities:    
Acquisitions funded by assumed debt 0 (44,386)
Non-cash financing activities:    
Assumption of mortgage notes payable $ 0 $ 44,386