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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 175,309 $ 36,005
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on investment properties transactions (90,916) (13,111)
Depreciation and amortization 71,614 45,861
Amortization of deferred financing costs and premium/discount on notes payable (216) 615
Stock-based compensation expense, net of forfeitures 1,284 607
Effect of non-cash adjustments to revenues (13,602) (11,933)
Income from unconsolidated joint ventures (3,425) (2,904)
Income from unconsolidated joint ventures (46,230) 0
Operating distributions from unconsolidated joint ventures 1,829 2,536
Changes in other operating assets and liabilities:    
Change in other receivables and other assets, net (13,661) (1,720)
Change in operating liabilities, net (69,022) (11,455)
Net cash provided by operating activities 12,964 44,501
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from investment property sales 433,875 57,676
Proceeds from sales of investments in unconsolidated joint ventures 53,104 0
Property acquisition, development, and tenant asset expenditures (67,983) (122,785)
Investment in unconsolidated joint ventures (1,238) (5,566)
Change in notes receivable and other assets 26 (23)
Net cash provided by (used in) investing activities 417,784 (70,698)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from credit facility 280,500 160,000
Repayment of credit facility (532,000) (103,600)
Repayment of notes payable (26,849) (2,710)
Contributions from nonredeemable noncontrolling interests 1,036 2,581
Distributions to nonredeemable noncontrolling interests (638) (724)
Common dividends paid (42,561) (27,326)
Other (1,265) (1,093)
Net cash provided by (used in) financing activities (321,777) 27,128
NET INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 108,971 931
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD 17,608 2,695
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD $ 126,579 $ 3,626