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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 133,931 $ 120,235
Adjustments to net income:    
Depreciation and amortization 199,138 182,864
Income from discontinued operations   (3,097)
Amortization of share-based compensation 5,362 5,449
Non-cash rental adjustments (4,939) (3,706)
Amortization of net premiums on mortgages payable (3,824) (5,394)
Amortization of deferred financing costs 6,509 5,267
Gain on sale of real estate (10,893) (3,236)
Provisions for impairment on real estate 5,317 2,182
Cash provided by discontinued operations   1,310
Change in assets and liabilities    
Accounts receivable and other assets 1,778 12,745
Accounts payable, accrued expenses and other liabilities (10,669) (15,843)
Net cash provided by operating activities 321,710 298,776
CASH FLOWS FROM INVESTING ACTIVITIES    
Investment in real estate (924,541) (899,405)
Improvements to real estate, including leasing costs (2,470) (2,734)
Proceeds from sales of real estate:    
Continuing operations 30,455 12,805
Discontinued operations   6,918
olCollection of loans receivable   350
Restricted escrow deposits for Section 1031 tax-deferred exchanges and pending acquisitions 21,313 (5,280)
Net cash used in investing activities (875,243) (887,346)
CASH FLOWS FROM FINANCING ACTIVITIES    
Cash distributions to common stockholders (258,277) (234,643)
Cash dividends to preferred stockholders (13,540) (20,965)
Borrowings on line of credit 957,000 1,054,121
Payments on line of credit (750,000) (1,111,321)
Proceeds from notes and bonds payable issued   349,846
Principal payments on mortgages payable (79,291) (21,901)
Proceeds from term loans 250,000  
Proceeds from common stock offerings, net 276,430 528,627
Redemption of preferred units (6,750)  
Distributions to noncontrolling interests (848) (929)
Debt issuance costs (10,204) (3,243)
Proceeds from dividend reinvestment and stock purchase plan, net 208,033 54,204
Other items, including shares withheld upon vesting (4,131) (6,575)
Net cash provided by financing activities 568,422 587,221
Net increase (decrease) in cash and cash equivalents 14,889 (1,349)
Cash and cash equivalents, beginning of period 3,852 10,257
Cash and cash equivalents, end of period $ 18,741 $ 8,908