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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
OPERATING ACTIVITIES      
Net income $ 258,883 $ 218,424 $ 172,289
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation and amortization 193,585 174,796 170,814
Gain on sale of real estate and change in control of interests 32,458 28,330 4,401
Early extinguishment of debt 0 19,072 10,545
Income from real estate partnerships 50 1,416 1,243
Other, net (89) 177 733
Changes in assets and liabilities, net of effects of acquisitions and dispositions:      
Decrease (increase) in accounts receivable, net 1,868 (9,200) (3,063)
Increase in prepaid expenses and other assets (5,241) (7,422) (4,222)
Increase (decrease) in accounts payable and accrued expenses 4,759 (9,995) 4,253
(Decrease) increase in security deposits and other liabilities (2,003) 3,729 425
Net cash provided by operating activities 419,254 359,835 346,130
INVESTING ACTIVITIES      
Acquisition of real estate (142,958) (154,313) (9,154)
Capital expenditures - development and redevelopment (379,720) (236,437) (314,654)
Capital expenditures - other (57,560) (46,096) (46,304)
Proceeds from sale of real estate 0 97,422 10,406
Investment in real estate partnerships (7,220) (2,802) (6,731)
Distribution from real estate partnership in excess of earnings 3,910 512 565
Leasing costs (18,299) (22,382) (35,286)
Repayment of mortgage and other notes receivable, net 11,626 10,333 5,008
Net cash used in investing activities (590,221) (353,763) (396,150)
FINANCING ACTIVITIES      
Net (repayments) borrowings under revolving credit facility, net of costs (56,916) 53,500 0
Issuance of senior notes, net of costs 241,795 456,151 244,579
Redemption and retirement of senior notes 0 (219,228) (134,240)
Repayment of mortgages, capital leases, notes, and other payables (49,559) (181,315) (94,422)
Issuance of common shares, net of costs 329,103 110,855 216,155
Dividends paid to common and preferred shareholders (267,694) (243,314) (215,216)
Distributions to and redemptions of noncontrolling interests (10,422) (9,626) (7,812)
Redemption of redeemable noncontrolling interests 13,018 0 0
Net cash provided by (used in) financing activities 173,289 (32,977) 9,044
Increase (decrease) in cash and cash equivalents 2,322 (26,905) (40,976)
Cash and cash equivalents at beginning of year 21,046 47,951 88,927
Cash and cash equivalents at end of year $ 23,368 $ 21,046 $ 47,951