XML 18 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 58,014 $ 188,088
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sale of investment properties (4,912) (119,821)
Depreciation and amortization 135,836 152,546
Amortization of deferred financing costs and premium/discount on notes payable 1,808 (2,543)
Stock-based compensation expense, net of forfeitures 2,825 2,486
Effect of non-cash adjustments to rental revenues (24,028) (33,379)
Income from unconsolidated joint ventures (10,173) (43,362)
Operating distributions from unconsolidated joint ventures 15,056 6,615
Gain on extinguishment of debt (8) (2,258)
Changes in other operating assets and liabilities:    
Change in other receivables and other assets, net (435) 9,707
Change in operating liabilities, net 4,054 3,150
Net cash provided by operating activities 178,037 161,229
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from investment property sales 0 171,316
Property acquisition, development, and tenant asset expenditures (132,468) (229,811)
Purchase of tenant-in-common interest 0 (13,382)
Collection of notes receivable 0 5,161
Investment in unconsolidated joint ventures (43,276) (13,862)
Distributions from unconsolidated joint ventures 2,032 74,531
Change in notes receivable and other assets (4,429) (1,348)
Other (4,261) 0
Net cash used in investing activities (182,402) (7,395)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from credit facility 0 589,300
Repayment of credit facility 0 (723,300)
Proceeds from issuance of notes payable 0 350,000
Repayment of notes payable (28,719) (493,774)
Payment of deferred financing costs (6,166) (2,048)
Common stock issued, net of expenses 0 211,598
Contributions from noncontrolling interests 252 1,588
Distributions to nonredeemable noncontrolling interests (2,071) (1,364)
Common dividends paid (79,842) (73,950)
Other (1,709) (601)
Net cash used in financing activities (118,255) (142,551)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (122,620) 11,283
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD 205,745 51,321
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD $ 83,125 $ 62,604