XML 18 R7.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
OPERATING ACTIVITIES    
Net income $ 97,798 $ 67,300
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 131,549 124,972
Gain on sale of real estate and change in control of interest (17,428) (11,682)
Loss from partnerships 1,215 5,036
Other, net 8,316 5,240
Changes in assets and liabilities, net of effects of acquisitions and dispositions:    
Decrease (increase) in accounts receivable, net 4,696 (17,128)
Decrease in prepaid expenses and other assets 11,370 15,887
Increase in accounts payable and accrued expenses 2,142 5,756
Increase (decrease) in security deposits and other liabilities 7,551 (13,999)
Net cash provided by operating activities 247,209 181,382
INVESTING ACTIVITIES    
Acquisition of real estate (332,574) (9,409)
Capital expenditures - development and redevelopment (182,657) (213,181)
Capital expenditures - other (34,970) (30,388)
Costs associated with property sold under threat of condemnation, net 0 (12,924)
Proceeds from sale of real estate 19,896 17,015
Investment in partnerships (2,657) (917)
Distribution from partnerships in excess of earnings 1,131 849
Leasing costs (9,265) (7,923)
Repayment (issuance) of mortgage and other notes receivable, net 31,122 (320)
Net cash used in investing activities (509,974) (257,198)
FINANCING ACTIVITIES    
Costs to amend line of credit facility 0 (638)
Issuance of senior notes, net of costs 0 700,085
Issuance of notes payable, net of costs 0 398,732
Repayment of mortgages, finance leases and notes payable (151,310) (3,264)
Issuance of common shares, net of costs 87,286 97
Dividends paid to common and preferred shareholders (166,847) (161,874)
Shares withheld for employee taxes (2,813) (3,997)
Contributions from noncontrolling interests 104 0
Distributions to and redemptions of noncontrolling interests (3,615) (5,702)
Net cash (used in) provided by financing activities (237,195) 923,439
(Decrease) increase in cash, cash equivalents and restricted cash (499,960) 847,623
Cash, cash equivalents, and restricted cash at beginning of year 816,896 153,614
Cash, cash equivalents, and restricted cash at end of period $ 316,936 $ 1,001,237