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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 38,155 $ 175,803
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sale of investment properties (4,945) (119,761)
Depreciation and amortization 90,768 104,924
Amortization of deferred financing costs and premium/discount on notes payable 1,203 (2,948)
Stock-based compensation expense, net of forfeitures 2,264 1,979
Effect of non-cash adjustments to rental revenues (17,691) (24,057)
Income from unconsolidated joint ventures (7,921) (40,901)
Operating distributions from unconsolidated joint ventures 10,896 6,389
(Gain) loss on extinguishment of debt 85 (1,829)
Changes in other operating assets and liabilities:    
Change in other receivables and other assets, net (2,508) 3,108
Change in operating liabilities, net (5,590) (10,063)
Net cash provided by operating activities 104,716 92,644
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from investment property sales 0 167,118
Property acquisition, development, and tenant asset expenditures (99,767) (151,150)
Purchase of tenant-in-common interest 0 (13,382)
Collection of notes receivable 0 5,161
Investment in unconsolidated joint ventures (30,423) (8,266)
Distributions from unconsolidated joint ventures 2,032 74,532
Change in notes receivable and other assets (1,954) 0
Other (4,264) 0
Net cash provided by (used in) investing activities (134,376) 74,013
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from credit facility 0 457,000
Repayment of credit facility 0 (497,000)
Proceeds from issuance of notes payable 0 100,000
Repayment of notes payable (4,344) (413,726)
Payment of deferred financing costs (6,081) (2,030)
Common stock issued, net of expenses 0 211,820
Contributions from noncontrolling interests 0 900
Distributions to nonredeemable noncontrolling interests (873) (966)
Common dividends paid (52,518) (48,815)
Other (1,709) (602)
Net cash used in financing activities (65,525) (193,419)
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (95,185) (26,762)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD 205,745 51,321
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD $ 110,560 $ 24,559