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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net income $ 284,907 $ 306,673
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 144,139 133,402
Amortization of deferred financing costs 9,246 9,388
Non-cash interest expense related to amortization of discount on equity component of exchangeable senior notes 3,827 3,716
Non-cash interest expense related to amortization of premium on notes payable 0 (828)
Compensation expense related to stock-based awards 7,244 6,008
Gain on sale of real estate assets and purchase of joint venture partner's interest 0 (64,432)
(Gain) loss on real estate transactions, earnout from prior acquisition and impairment of real estate 6,019 (9,814)
Distributions from unconsolidated real estate ventures in excess of earnings 3,498 3,071
Changes in operating assets and liabilities:    
Receivables from related parties and affiliated real estate joint ventures 195 923
Other assets (15,498) (16,059)
Accounts payable and accrued expenses 6,425 10,938
Other liabilities (373) 3,173
Net cash provided by operating activities 449,629 386,159
Cash flows from investing activities:    
Acquisition of real estate assets (119,040) (763,246)
Development and redevelopment of real estate assets (20,670) (18,492)
Proceeds from sale of real estate assets, investments in real estate ventures and other assets 18,565 56,786
Change in restricted cash (3,393) 14,296
Investment in unconsolidated real estate ventures (3,021) (25,690)
Return of investment in unconsolidated real estate ventures 581 11,991
Purchase/issuance of notes receivable 0 (18,530)
Principal payments received from notes receivable 44,869 41,393
Purchase of equipment and fixtures (5,635) (2,818)
Net cash used in investing activities (87,744) (704,310)
Cash flows from financing activities:    
Proceeds from the sale of common stock, net of offering costs 0 123,423
Repurchase of exchangeable senior notes (19,726) (22,192)
Proceeds from notes payable and revolving lines of credit 1,023,170 1,026,975
Principal payments on notes payable and revolving lines of credit (1,020,144) (565,541)
Deferred financing costs (5,172) (6,700)
Net proceeds from exercise of stock options 1,266 312
Proceeds from termination of interest rate cap 0 1,650
Payment of earnout from prior acquisition 0 (4,600)
Redemption of Operating Partnership units held by noncontrolling interests (2,510) 0
Dividends paid on common stock (294,754) (269,630)
Distributions to noncontrolling interests (24,141) (22,653)
Net cash provided by (used in) financing activities (342,011) 261,044
Net increase in cash and cash equivalents 19,874 (57,107)
Cash and cash equivalents, beginning of the period 43,858 75,799
Cash and cash equivalents, end of the period 63,732 18,692
Supplemental schedule of cash flow information    
Interest paid 107,144 94,585
Income taxes paid 8,086 10,813
Redemption of Operating Partnership units held by noncontrolling interests for common stock:    
Noncontrolling interests in Operating Partnership 0 (839)
Common stock and paid-in capital 0 839
Tax effect from vesting of restricted stock grants and option exercises    
Other assets 0 1,322
Additional paid-in capital 0 (1,322)
Accrued construction costs and capital expenditures    
Acquisition of real estate assets 4,874 8,839
Development and redevelopment of real estate assets 1,558 0
Other liabilities (6,432) (8,839)
Distribution of real estate from investments in unconsolidated real estate ventures    
Real estate assets, net 0 21,587
Investments in unconsolidated real estate ventures 0 (21,587)
Disposition of real estate assets    
Real estate assets, net 0 (7,689)
Acquisitions Of Real Estate [Member]    
Acquisitions of real estate assets    
Real estate assets, net 20,100 65,960
Value of Operating Partnership units issued (8,810) (56,237)
Notes payable assumed (9,463) (9,723)
Other noncontrolling interests (1,827) 0
Redemption Of Operating Partnership Units [Member]    
Disposition of real estate assets    
Operating Partnership units redeemed 0 7,689
Acquisition Of Other Noncontrolling Interests [Member]    
Acquisition of noncontrolling interests    
Operating Partnership units issued 0 (800)
Other noncontrolling interests 0 162
Additional paid-in capital $ 0 $ 638