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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 107,176 $ 2,069 $ 21,143
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 266,037 269,450 294,624
Amortization of deferred financing costs 11,188 6,804 2,565
Gain on sale of real estate (133,989)    
Straight-lining of rental income (54,453) (82,568) (69,522)
Amortization of above and below-market leases, net (19,523) (9,536) (9,917)
Loss on early extinguishment of debt 7,877 4,608  
Unrealized gain on interest rate swaps (1,802) (39,814) (75,760)
Realized and unrealized (gains) losses on marketable securities (4,664) (494) 119
Realized and unrealized gains on real estate fund investments     (21,201)
Distributions of earnings from unconsolidated joint ventures 5,700 8,121 4,985
Income from unconsolidated joint ventures (20,185) (7,413) (6,850)
Distributions of earnings from unconsolidated real estate funds 342 392  
Loss from unconsolidated real estate funds 6,143 498  
Amortization of stock-based compensation expense 15,922 11,278 7,309
Other non-cash adjustments 452 2,628 5,824
Valuation allowance on preferred equity investment 19,588    
Changes in operating assets and liabilities:      
Real estate fund investments     (127,743)
Accounts and other receivables (1,000) (4,521) (3,152)
Deferred charges (33,295) (15,701) (40,510)
Other assets 10,243 (12,037) 6,465
Accounts payable and accrued expenses 6,305 11,479 (6,152)
Deferred income taxes (922) (1,662) (328)
Other liabilities 2,971 4,702 1,151
Net cash provided by (used in) operating activities 190,111 148,283 (16,950)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Proceeds from sale of real estate 540,333    
Acquisitions of real estate (161,184) (517,823)  
Additions to real estate (86,434) (132,686) (107,859)
Purchases of marketable securities (29,248) (2,722) (8,553)
Sales of marketable securities 27,261 2,353 7,072
Investment in unconsolidated joint ventures (28,791)    
Distributions of capital from unconsolidated joint ventures 20,000    
Distributions of capital from unconsolidated real estate funds 14,584    
Contributions of capital to unconsolidated real estate funds (790) (1,780)  
Net cash provided by (used in) by investing activities 295,731 (652,658) (109,340)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Repayments of notes and mortgages payable (1,044,821) (689,269) (927,633)
Proceeds from notes and mortgages payable 991,556 1,362,414 1,013,544
Repayment of borrowings under revolving credit facility (290,000) (130,000)  
Borrowings under revolving credit facility 60,000 340,000 20,000
Distributions to noncontrolling interests (119,251) (3,636) (56,636)
Contributions from noncontrolling interests 100,777 7,651 167,929
Dividends paid to common stockholders (89,276) (82,105) (68,723)
Distributions paid to common unitholders (11,504) (18,412) (16,735)
Settlement of interest rate swap liabilities (19,425) (23,654) (33,741)
Transfer tax refund in connection with the acquisition of noncontrolling interests 9,555    
Loss on early extinguishment of debt (7,877) (4,608)  
Debt issuance costs (7,344) (29,387) (18,871)
Other (146)    
Purchase of marketable securities in connection with the defeasance of notes and mortgages payable   (210,000)  
Acquisition of noncontrolling interest in consolidated joint ventures     (261,464)
Net cash (used in) provided by financing activities (427,756) 518,994 (182,330)
Net increase (decrease) in cash and cash equivalents and restricted cash 58,086 14,619 (308,620)
Cash and cash equivalents and restricted cash at beginning of period 192,339 185,707 494,327
Decrease in cash due to deconsolidation of real estate fund investments   (7,987)  
Cash and cash equivalents and restricted cash at end of period 250,425 192,339 185,707
RECONCILIATION OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH:      
Cash and cash equivalents at beginning of period 162,965 143,884 438,599
Restricted cash at beginning of period 29,374 41,823 55,728
Cash and cash equivalents and restricted cash at beginning of period 192,339 185,707 494,327
Cash and cash equivalents at end of period 219,381 162,965 143,884
Restricted cash at end of period 31,044 29,374 41,823
Cash and cash equivalents and restricted cash at end of period 250,425 192,339 185,707
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:      
Cash payments for interest 132,361 140,111 159,186
Cash payments for income taxes, net of refunds 5,048 2,095 2,798
NON-CASH TRANSACTIONS:      
Common shares issued upon redemption of commons units 172,728 312,257  
Dividends and distributions declared but not yet paid 25,211 25,151 25,067
Write-off of fully amortized and/or depreciated assets 9,684 11,431 1,399
Additions to real estate included in accounts payable and accrued expenses 10,413 12,104 32,009
Change in fair value of interest rate swaps (10,618) (8,161) $ 9,241
Consolidation (deconsolidation) of real estate and real estate fund investments 102,512 (396,697)  
Assumption of notes and mortgages payable $ 228,000    
Transfer of real estate to assets held for sale   (346,685)  
Marketable securities transferred in connection with the defeasance of notes and mortgages payable   214,608  
Defeasance of notes and mortgages payable   $ (210,000)