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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2012
Millennium Waterway Apartments
Dec. 31, 2012
70 Columbia Corporate Center
Dec. 31, 2011
The Woodlands
Dec. 31, 2013
Other real estate affiliates, net
Dec. 31, 2012
Other real estate affiliates, net
Dec. 31, 2013
KR Holdings, LLC
Dec. 31, 2013
Summerlin Las Vegas Baseball Club
Cash Flows from Operating Activities:                    
Net income (loss) $ (73,695) $ (127,543) $ 148,470              
Adjustments to reconcile net income (loss) to cash provided by operating activities:                    
Depreciation 29,637 19,455 14,012              
Amortization 4,208 4,974 2,770              
Amortization of deferred financing costs and debt market rate adjustments, net 2,952 1,418 1,771              
Amortization of intangibles other than in-place leases 213 96 297              
Straight-line rent amortization (3,652) (757) (1,060)              
Deferred income taxes 8,352 4,448 (19,200)              
Gain on disposal of investment in Real Estate Affiliate (8,483)                  
Restricted stock and stock option amortization 5,782 4,277 3,073              
Warrant liability gain (loss) 181,987 185,017 (101,584)              
Reduction in tax indemnity receivable 1,206 20,260                
Equity in earnings from Real Estate Affiliates, net of distributions (7,121) (35) (4,410)              
Investment in Real Estate Affiliate basis adjustment     6,053              
Provision for doubtful accounts 836 1,224 (235)              
Master Planned Community land acquisitions (5,667)                  
Master Planned Community development expenditures (133,590) (107,144) (90,078)              
Master Planned Community cost of sales 112,695 87,499 65,379              
Condominium development expenditures (21,213)                  
Condominium and other cost of sales 16,572 96 14,465              
Deferred revenue from sale of condominium rights 14,531                  
Net changes*:                    
Accounts and notes receivable 3,857 [1] 43,460 [1] 27,500 [1]              
Prepaid expenses and other assets (1,591) [1] 4,110 [1] 2,036 [1]              
Deferred expenses (19,364) [1] (1,995) [1] 404 [1]              
Accounts payable and accrued expenses 20,333 [1] 15,112 [1] 19,502 [1]              
Other 547 [1] (908) [1] (2,657) [1]              
Cash provided by operating activities 129,332 [1] 153,064 [1] 86,508 [1]              
Cash Flows from Investing Activities:                    
Property and equipment expenditures (31,768) (1,226) (690)              
Operating property improvements, net (17,231) (14,201) (8,498)              
Operating property redevelopments (221,071) (58,940) (35,192)              
Cash acquired from The Woodlands acquisition, net of cash consideration     5,493              
Reimbursement for infrastructure improvements from municipality     5,560              
Proceeds from dispositions     1,429              
Consideration paid to acquire Millennium Waterway Apartments, net of cash acquired   (2,721)                
Distribution from Millennium Waterway Apartments   6,876                
Proceeds from sales of investment in Real Estate Affiliates 13,270 8,579                
Proceeds from sales of operating assets 10,814                  
Investment in Real Estate Affiliates, net             (4,035) (4,552) (16,750) (10,350)
Change in restricted cash (17,204) (15,164) (7,782)              
Cash used in investing activities (294,325) (81,349) (39,680)              
Cash Flows from Financing Activities:                    
Proceeds from issuance of mortgages, notes and loans payable 1,120,102 68,410 304,911              
Principal payments on mortgages, notes and loans payable (279,721) (55,832) (407,027)              
Deferred financing costs (6,594) (2,114) (3,828)              
Preferred dividend payment on behalf of REIT subsidiary (12)                  
Distributions to noncontrolling interests (3,031)                  
Proceeds from issuance of Management warrants     2,000              
Purchase of Sponsors Warrants   (80,548)                
Cash provided by (used in) financing activities 830,744 (70,084) (103,944)              
Net change in cash and cash equivalents 665,751 1,631 (57,116)              
Cash and cash equivalents at beginning of year 229,197 227,566 284,682              
Cash and cash equivalents at end of year 894,948 229,197 227,566              
Supplemental Disclosure of Cash Flow Information:                    
Interest paid 30,600 28,857 22,158              
Interest capitalized 37,470 27,571 24,062              
Income taxes paid 2,268 1,202                
Non-Cash Transactions:                    
Retirement of Sponsors Warrants and issuance of 1,525,272 shares of common stock   (76,264)                
Acquisition of Millennium Waterway Apartments:                    
Land       (15,917) (1,281)          
Building and equipment       (56,002) (13,089)          
Other assets       (2,670) (2,957)          
Mortgages, notes and loans payable       55,584 16,037          
Other liabilities       755 1,290          
Reduction in investments in Real Estate Affiliates due to the acquisition       22,405   (128,764)        
Special Improvement District bond transfers associated with land sales 14,376 (3,033) (4,430)              
Real Estate and property expenditures 85,609 8,384                
MPC Land contributed to Real Estate Affiliate   2,190 2,990              
Acquisition note related to The Woodlands (See Note 4)     96,500              
Debt assumed from The Woodlands' acquisition (See Note 4)     296,695              
Prepetition liabilities funded by GGP     3,241              
Purchase of land from GGP   1,315                
Non-cash increase in property due to consolidation of real estate affiliate 3,750                  
Transfer of condominium buyer deposits to real estate affiliate $ 34,220                  
[1] As a result of The Woodlands acquisition and consolidation in 2011, changes in certain accounts cannot be derived from the balance sheet because these changes are non-cash related. Please refer to Note 4 - Acquisitions and Dispositions.