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CONDENSED 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:      
Net income (loss) $ 126,719 $ (23,520) $ (73,695)
Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities:      
Depreciation 82,275 50,683 29,637
Amortization 16,722 5,275 4,208
Amortization of deferred financing costs 5,734 4,378 2,952
Amortization of intangibles other than in-place leases 462 668 213
Straight-line rent amortization (4,985)   (3,652)
Deferred income taxes 21,152 65,010 8,352
Restricted stock and stock option amortization 7,284 8,200 5,782
Gain on disposition of assets (29,073) (2,373) (8,483)
Warrant liability (gain) loss (58,320) 60,520 181,987
Reduction (increase) in tax indemnity receivable   (90) 1,206
Interest income related to tax indemnity   (21,510) (2,078)
Loss on settlement of tax indemnity receivable   74,095  
Equity in earnings from Real Estate and Other Affiliates, net of distributions 1,182 11,222 (7,121)
Provision for doubtful accounts 4,030 1,404 836
Master Planned Community land acquisitions (7,293) (100,913) (5,667)
Master Planned Community development expenditures (197,020) (140,735) (133,590)
Master Planned Community cost of sales 69,104 110,885 112,695
Condominium development expenditures (191,313) (75,990) (21,213)
Condominium and other cost of sales 191,606 49,995 16,572
Deferred rental income 46,366    
Proceeds from sale of condominium rights     47,500
Percentage of completion revenue recognition from sale of condominium rights and units (305,284) (83,565) (32,969)
Non-monetary consideration related to land transactions   (17,406)  
Proceeds received on settlement of tax indemnity receivable   138,000  
Payment to IRS relating to tax court decision   (203,298)  
Net changes:      
Accounts and notes receivable 50,228 45,209 5,935
Prepaid expenses and other assets (1,869) (6,311) (1,591)
Condominium deposits received 81,881 139,187  
Deferred expenses (11,743) (36,641) (19,364)
Accounts payable and accrued expenses 29,867 37,213 20,333
Condominium deposits held in escrow (81,881) (139,187)  
Condominium deposits released from escrow 177,724    
Other, net 375 (8,720) 547
Cash provided by (used in) operating activities 23,930 (58,315) 129,332
Cash Flows from Investing Activities:      
Property and equipment expenditures (15,439) (8,521) (31,768)
Operating property improvements (8,409) (6,299) (17,231)
Property developments and redevelopments (578,506) (759,003) (221,071)
Proceeds from Sale of Real Estate 25,139 11,953 10,814
Proceeds from insurance claims   12,901  
Proceeds from sales of investment in Real Estate Affiliates     13,270
Investments in Real Estate and Other Affiliates, net (2,171) (6,248) (4,035)
Change in restricted cash (6,580) 20,930 (17,204)
Other 1,277    
Cash used in investing activities (575,568) (746,456) (294,325)
Cash Flows from Financing Activities:      
Proceeds from mortgages, notes and loans payable 583,822 597,553 1,120,102
Principal payments on mortgages, notes and loans payable (103,808) (120,182) (279,721)
Deferred financing costs (4,285) (7,085) (6,594)
Preferred dividend payment on behalf of REIT subsidiary   (12) (12)
Distributions (contributions) to noncontrolling interests     (3,031)
Special Improvement District bonds held in escrow (39,241)    
Cash provided by financing activities 436,488 470,274 830,744
Net change in cash and cash equivalents (115,150) (334,497) 665,751
Cash and cash equivalents at beginning of period 560,451 894,948 229,197
Cash and cash equivalents at end of period 445,301 560,451 894,948
Supplemental Disclosure of Cash Flow Information:      
Interest paid 99,296 84,497 30,600
Interest capitalized 47,221 46,513 37,470
Income taxes paid 3,318 204,898 2,268
Non-Cash Transactions:      
Special Improvement District bond transfers associated with land sales 18,775 8,786 14,376
Property developments and redevelopments 2,530 38,567 85,609
MPC Land contributed to Real Estate Affiliate 15,234    
Acquisition of 1701 Lake Robbins:      
Building   (3,979)  
Below market lease obligation   3,979  
70 Columbia Corporate Center      
Non-Cash Transactions:      
Special Improvement District bond transfers to Real Estate Affiliates (1,518)    
Capitalized stock compensation 2,526    
Distribution of land to noncontrolling interests   2,818  
1701 Lake Robbins      
Acquisition of 1701 Lake Robbins:      
Land   (1,663)  
Building   (3,725)  
Other assets   (848)  
Mortgages, notes and loans payable   4,600  
Other liabilities   152  
10-60 Columbia Corporate Center      
Acquisition of 1701 Lake Robbins:      
Land   (23,404)  
Building   (79,247)  
Other assets   (28,997)  
Other liabilities   (1,648)  
85 South Street      
Cash Flows from Investing Activities:      
Acquisition of properties   (21,555)  
Non-Cash Transactions:      
Accrued interest included in construction loan payable 2,863 4,785  
KR Holdings LLC      
Cash Flows from Investing Activities:      
Distribution from (investment in) KR Holdings, LLC $ 9,121 $ 9,386 (16,750)
Summerlin Las Vegas Baseball Club LLC      
Cash Flows from Investing Activities:      
Investments in Real Estate and Other Affiliates, net     $ (10,350)