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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 159,152 $ 157,032 $ 130,784
Adjustments to net income:      
Depreciation and amortization 149,597 118,874 91,641
Income from discontinued operations (13,181) (12,407) (15,583)
Gain on sale of real estate   (540)  
Amortization of share-based compensation 10,001 7,873 6,166
Amortization of net premiums on mortgages payable (665) (189)  
Provisions for impairment on real estate held for investment 2,804 10 849
Other non-cash adjustments (301)    
Cash provided by discontinued operations:      
Real estate 7,353 10,914 11,586
Collection of notes receivable by Crest 90 3,032 138
Changes in assets and liabilities:      
Accounts receivable and other assets 2,775 5,209 5,270
Accounts payable, accrued expenses and other liabilities 8,844 9,144 12,517
Net cash provided by operating activities 326,469 298,952 243,368
CASH FLOWS FROM INVESTING ACTIVITIES      
Acquisition of investment properties (1,015,725) (953,175) (713,198)
Improvements to real estate, including leasing costs (6,554) (4,172) (3,578)
Loans receivable (34,876) (1,593)  
Proceeds from sales of real estate:      
Continuing operations 23 2,078  
Discontinued operations 50,563 22,049 25,779
Restricted escrow deposits (1,805) (50) (6,361)
Net cash used in investing activities (1,008,374) (934,863) (697,358)
CASH FLOWS FROM FINANCING ACTIVITIES      
Cash distributions to common stockholders (236,348) (219,297) (182,500)
Cash dividends to preferred stockholders (39,445) (24,253) (24,253)
Borrowings on lines of credit 1,074,000 612,800 612,200
Payments on lines of credit (1,153,400) (375,400) (616,800)
Principal payments on mortgages (11,729) (279)  
Proceeds from preferred stock offerings, net 395,377    
Redemption of preferred stock (127,500)    
Proceeds from common stock offerings, net   489,236 432,591
Proceeds from bonds issued 800,000 150,000  
Proceeds from notes payable issued, net     246,131
Debt issuance costs (16,979) (9,864) (4,091)
Proceeds from dividend reinvestment and stock purchase plan, net 2,159 1,894  
Other items (3,147) (2,368) (1,707)
Net cash provided by financing activities 682,988 622,469 461,571
Net increase (decrease) in cash and cash equivalents 1,083 (13,442) 7,581
Cash and cash equivalents, beginning of year 4,165 17,607 10,026
Cash and cash equivalents, end of year $ 5,248 $ 4,165 $ 17,607