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CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities:    
Net loss $ (363,920) $ (214,028)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Issuance of OP Units 153,885 108,247
Depreciation and amortization 452,446 64,243
Gain on disposition of properties (4,489) (14)
Equity based compensation 31,848 6,717
Equity in income of unconsolidated entities 385 0
Loss on derivative instruments 8,048 45
Gain on sale of investments, net 0 (451)
Unrealized loss on contingent value rights obligations, net of settlement payments 0 31,134
Gain on extinguishment of debt (8,398) 0
Changes in assets and liabilities:    
Investment in direct financing leases 525 0
Deferred costs and other assets, net (62,175) (10,300)
Due from affiliates (5,335) 0
Accounts payable and accrued expenses (133,960) 4,554
Deferred rent, derivative and other liabilities (35,298) 2,676
Due to affiliates 223 0
Net cash provided by (used in) operating activities 33,785 (7,177)
Cash flows from investing activities:    
Investments in real estate and other assets (1,246,588) (2,129,677)
Acquisition of a real estate business, net of cash acquired (755,701) 0
Investment in direct financing leases 0 (76,410)
Capital expenditures (46,649) (30)
Principal repayments received from borrowers 4,155 0
Investments in unconsolidated entities (2,500) 0
Return of investment from unconsolidated entities 4,033 0
Proceeds from disposition of properties 95,321 0
Investment in intangible assets (266) 0
Investment in other assets 0 (1,041)
Deposits for real estate investments (129,602) (47,086)
Uses and refunds of deposits for real estate investments 196,075 0
Purchases of investment securities 0 (81,460)
Line of credit advances to affiliates (80,300) 0
Line of credit repayments from affiliates 15,600 0
Proceeds from sale of investment securities 0 44,188
Net cash used in investing activities (1,946,422) (2,291,516)
Cash flows from financing activities:    
Proceeds from mortgage notes payable 718,275 6,924
Payments on mortgage notes payable (876,874) 0
Payments on other debt (7,524) 0
Proceeds from credit facilities 3,246,000 825,000
Payments on credit facilities (4,628,800) (349,604)
Proceeds from corporate bonds 2,545,760 0
Payments of deferred financing costs (80,515) (40,488)
Common stock repurchases 0 (350,396)
Proceeds from issuances of preferred shares 0 445,000
Proceeds from issuances of common stock, net offering costs 1,595,735 1,810,116
Consideration to Former Manager for internalization 0 (3,035)
Contributions from non-controlling interest holders 1,043 29,758
Distributions to non-controlling interest holders (16,418) (3,111)
Distributions paid (427,541) (90,740)
Change in restricted cash (15,539) (844)
Net cash provided by financing activities 2,053,602 2,278,580
Net change in cash and cash equivalents 140,965 (20,113)
Cash and cash equivalents, beginning of period 52,725 292,575
Cash and cash equivalents, end of period 193,690 272,462
Supplemental Disclosures:    
Cash paid for interest 139,478 11,004
Cash paid for income taxes 7,622 382
Non-cash investing and financing activities:    
Common stock issued through distribution reinvestment plan $ 0 $ 20,619