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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash Flows from Operating Activities:    
Net income $ 75,296 $ 19,802
Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities:    
Depreciation 106,328 77,347
Amortization 7,584 11,051
Amortization of deferred financing costs 8,126 9,424
Amortization of intangibles other than in-place leases 618 1,052
Straight-line rent amortization (4,833) (9,547)
Deferred income taxes 23,191 4,621
Restricted stock and stock option amortization 9,902 8,833
Net gain on sales and acquisitions of properties (24,201) 0
Selling profit from sales-type leases (13,537)  
Net decrease (increase) in minimum pension liability 0 (65)
Equity in earnings from real estate and other affiliates, net of distributions (12,260) (30,474)
Provision for doubtful accounts 3,698 4,417
Master Planned Communities land acquisitions (752) (3,565)
Master Planned Communities development expenditures (180,733) (142,000)
Master Planned Communities cost of sales 78,040 99,062
Condominium development expenditures (165,520) (234,563)
Condominium rights and unit cost of sales 365,324 41,713
Net changes:    
Accounts and notes receivable (2,544) (43,990)
Prepaid expenses and other assets (3,827) (555)
Condominium deposits received (93,530) 73,082
Deferred expenses (29,613) (11,169)
Accounts payable and accrued expenses (9,561) (14,294)
Cash provided by (used in) operating activities 137,196 (139,818)
Cash Flows from Investing Activities:    
Property and equipment expenditures (5,395) (4,667)
Operating property improvements (44,083) (40,414)
Property development and redevelopment (492,279) (387,625)
Acquisition of assets (579) (234,541)
Proceeds from sales of properties 9,460 0
Reimbursements under Tax Increment Financings 3,224 16,848
Distributions from real estate and other affiliates 315 1,072
Notes issued to real estate and other affiliates 0 (3,795)
Investments in real estate and other affiliates, net (6,469) (1,027)
Cash used in investing activities (535,806) (654,149)
Cash Flows from Financing Activities:    
Proceeds from mortgages, notes and loans payable 638,686 1,077,315
Principal payments on mortgages, notes and loans payable (196,081) (656,816)
Purchase of treasury stock 0 (57,267)
Special Improvement District bond funds released from (held in) escrow 1,777 3,052
Deferred financing costs and bond issuance costs, net (14,468) (16,585)
Taxes paid on stock options exercised and restricted stock vested (987) (3,932)
Gain on unwinding of swaps 0 16,104
Stock options exercised 3,208 11,344
Issuance of noncontrolling interests 84,889 69,000
Cash provided by financing activities 517,024 442,215
Net change in cash, cash equivalents and restricted cash 118,414 (351,752)
Cash, cash equivalents and restricted cash at beginning of period 724,215 964,300
Cash, cash equivalents and restricted cash at end of period 842,629 612,548
Supplemental Disclosure of Cash Flow Information:    
Interest paid 137,967 122,334
Interest capitalized 55,110 58,458
Income taxes (refunded) paid, net (409) 70
Non-Cash Transactions:    
Accrued property improvements, developments and redevelopments 33,151 0
Special Improvement District bond transfers associated with land sales   10,546
Accrued interest on construction loan borrowing 4,627 6,175
Acquisition of below market lease intangible 0 1,903
Capitalized stock compensation $ 1,325 $ 1,891