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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
OPERATING ACTIVITIES      
Net income $ 360,542 $ 249,026 $ 297,870
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 239,758 244,245 216,050
Gain (Loss) on Sale of Properties, Net of Applicable Income Taxes (116,393) (11,915) (77,922)
Early extinguishment of debt 0 0 12,273
Loss from partnerships 2,012 3,398 417
Other, net 169 4,147 (2,674)
Changes in assets and liabilities, net of effects of acquisitions and dispositions:      
Proceeds from new market tax credit transaction, net of deferred costs 0 12,353 0
(Increase) decrease in accounts receivable, net (16,128) 917 2,059
Increase in prepaid expenses and other assets (10,253) (2,070) (3,695)
Increase in accounts payable and accrued expenses 2,327 2,650 14,242
(Decrease) increase in security deposits and other liabilities (115) 13,937 208
Net cash provided by operating activities 461,919 516,688 458,828
INVESTING ACTIVITIES      
Acquisition of real estate (204,516) (13,503) (437,772)
Capital expenditures - development and redevelopment (327,074) (302,120) (441,984)
Capital expenditures - other (82,836) (66,138) (76,952)
Proceeds from sale of real estate 321,997 177,775 136,055
Proceeds from partnership formation 0 37,998 0
Investment in partnerships (1,052) (1,037) (696)
Distribution from partnerships in excess of earnings 2,765 275 1,729
Leasing costs (25,459) (25,430) (16,656)
Issuance of mortgage and other notes receivable, net (357) (67) (1,646)
Net cash used in investing activities (316,532) (192,247) (837,922)
FINANCING ACTIVITIES      
Net (repayments) borrowings under revolving credit facility, including costs (4,012) (41,000) 41,000
Issuance of senior notes, net of costs 399,913 0 572,134
Redemption and retirement of senior notes 0 0 (161,930)
Repayment of mortgages, finance leases, and notes payable (301,029) (16,620) (56,328)
Issuance of common shares, net of costs 143,027 130,918 118,583
Issuance of preferred shares, net of costs 0 0 144,991
Dividends paid to common and preferred shareholders (313,649) (301,194) (282,995)
Shares withheld for employee taxes (4,626) (958) (4,229)
Proceeds from Noncontrolling Interests 404 2,838 13,449
Distributions to and redemptions of noncontrolling interests (20,133) (15,293) (15,230)
Net cash (used in) provided by financing activities (100,105) (241,309) 369,445
Increase (decrease) in cash, cash equivalents, and restricted cash 45,282 83,132 (9,649)
Cash, cash equivalents, and restricted cash at beginning of year 108,332 25,200 34,849
Cash, cash equivalents, and restricted cash at end of year $ 153,614 $ 108,332 $ 25,200