XML 17 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Current Fiscal Year End Date --12-31  
Transfer from investment in unconsolidated joint ventures to projects under development $ 5,880 $ 0
Transfer from operating properties to operating properties and related assets held for sale 203,735 50,491
Transfer from operating properties to liabilities of real estate assets held for sale 106,135 2,843
Transfer from projects under development to operating properties 0 93,019
Change in Payments to Acquire and Develop Real Estate and Tenant Asset Expenditures 11,384 (4,118)
Net income (42,218) (68,774)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Gain on sale of investment properties, including discontinued operations 13,944 37,123
Depreciation and amortization, including discontinued operations 96,192 103,614
Amortization of deferred financing costs 1,063 1,073
Net amortization of stock options and restricted stock 1,571 1,104
Effect of certain non-cash adjustments to rental revenues (15,966) (21,907)
Income Loss from Unconsolidated Joint Ventures 5,144 7,087
Operating distributions from unconsolidated joint ventures 5,893 5,570
Changes in other operating assets and liabilities:    
Change in other receivables and other assets, net 1,824 (6,452)
Change in operating liabilities 5,544 (4,526)
Net cash provided by operating activities 119,251 103,040
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from investment property sales 21,088 136,498
Property acquisition, development, and tenant asset expenditures (122,357) (151,384)
Investment in unconsolidated joint ventures (24,918) (7,486)
Distributions from unconsolidated joint ventures 4,150 6,318
Change in notes receivable and other assets (5,699) 1,149
Change in restricted cash (3,667) 293
Net cash used in investing activities (131,403) (14,612)
Transfer from land held to projects under development 8,099 0
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from credit facility 182,800 269,000
Repayment of credit facility (274,800) (275,200)
Proceeds from Notes Payable 270,000 0
Repayment of notes payable (7,239) (6,574)
Payments of Loan Costs (1,604) 0
Proceeds from the Issuance of Common Stock, including Option Exercises 0 8
Proceeds from (Payments to) Noncontrolling Interests 2,525 0
Payments for repurchase of common stock 13,743 18,320
Common dividends paid (50,549) (52,011)
Net cash provided by financing activities 107,390 (83,097)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 95,238 5,331
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 2,003 0
CASH AND CASH EQUIVALENTS AT END OF PERIOD 97,241 5,331
Interest paid, net of amounts capitalized $ 20,792 $ 22,579