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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 16,406 $ 4,858
Adjustments to reconcile net income to net cash provided by operating activities:    
Loss on sale of investment properties 372 70
Depreciation and amortization 45,093 54,884
Amortization of deferred financing costs and premium/discount on notes payable 552 (2,748)
Stock-based compensation expense, net of forfeitures 542 489
Effect of non-cash adjustments to rental revenues (9,996) (13,333)
Income from unconsolidated joint ventures (2,885) (581)
Operating distributions from unconsolidated joint ventures 2,564 2,930
Loss on extinguishment of debt 85 0
Changes in other operating assets and liabilities:    
Change in other receivables and other assets, net (7,094) (5,362)
Change in operating liabilities, net (24,733) (15,974)
Net cash provided by operating activities 20,906 25,233
CASH FLOWS FROM INVESTING ACTIVITIES:    
Property acquisition, development, and tenant asset expenditures (60,175) (70,711)
Purchase of tenant-in-common interest 0 (13,382)
Collection of notes receivable 0 3,292
Investment in unconsolidated joint ventures (21,613) (1,535)
Distributions from unconsolidated joint ventures 242 4,065
Change in notes receivable and other assets (795) 0
Other (472) 0
Net cash used in investing activities (82,813) (78,271)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from credit facility 0 93,000
Repayment of credit facility 0 (227,000)
Repayment of notes payable (2,161) (3,107)
Payment of deferred financing costs (6,013) 0
Shares withheld for payment of taxes on restricted stock vesting (759) 0
Common stock issued, net of expenses 0 211,825
Distributions to nonredeemable noncontrolling interests (399) 0
Common dividends paid (25,169) (23,603)
Other 0 (158)
Net cash provided by (used in) financing activities (34,501) 50,957
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (96,408) (2,081)
CASH , CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD 205,745 51,321
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD $ 109,337 $ 49,240