XML 29 R6.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Current Fiscal Year End Date --12-31  
Transfer from operating properties to operating properties and related assets held for sale $ 50,491 $ 181,116
Disposal Group, Including Discontinued Operation, Liabilities, Current 2,843  
Transfer from projects under development to operating properties 93,019 0
Net income 68,774 29,160
Adjustments to reconcile net loss to net cash provided by operating activities:    
Gain on sale of investment properties, including discontinued operations 37,123 20,941
Depreciation and amortization, including discontinued operations 103,614 102,481
Amortization of deferred financing costs 1,073 604
Net amortization of stock options and restricted stock 1,104 1,508
Effect of certain non-cash adjustments to rental revenues (21,907) (21,740)
Income Loss from Unconsolidated Joint Ventures 7,087 5,343
Operating distributions from unconsolidated joint ventures 5,570 5,195
Residential Lot Outparcel and Multi Family Cost of Sales Net of Closing Costs Paid 0 302
Changes in other operating assets and liabilities:    
Change in other receivables and other assets, net (6,452) (1,912)
Change in operating liabilities (4,526) 5,282
Net cash provided by operating activities 103,040 94,596
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from investment property sales 136,498 53,827
Property acquisition, development, and tenant asset expenditures (151,384) (351,657)
Investment in unconsolidated joint ventures (7,486) (10,578)
Distributions from unconsolidated joint ventures 6,318 7,433
Change in notes receivable and other assets 1,149 (1,818)
Change in restricted cash 293 (1,834)
Net cash used in investing activities (14,612) (304,627)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from credit facility 269,000 395,175
Repayment of credit facility (275,200) (347,550)
Proceeds from Notes Payable 0 68
Repayment of notes payable (6,574) (6,713)
Payments of Financing Costs 0 3,176
Proceeds from the Issuance of Common Stock, including Option Exercises 8 321,912
Payments for Repurchase of Common Stock (18,320) 0
Preferred Stock Redemption 0 (94,775)
Common dividends paid (52,011) (45,351)
Preferred dividends paid 0 (2,955)
Distributions to noncontrolling interests 0 (369)
Net cash provided by (used in) financing activities (83,097) 216,266
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 5,331 6,235
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 0 975
CASH AND CASH EQUIVALENTS AT END OF PERIOD 5,331 7,210
Interest paid, net of amounts capitalized 22,579 20,450
Accrued property acquisition, development, and tenant asset expenditures $ (4,118) $ 3,055