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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 223,753 $ 201,744
Adjustments to net income:    
Depreciation and amortization 332,192 303,476
Amortization of share-based compensation 9,204 7,598
Non-cash rental adjustments (7,583) (6,462)
Amortization of net premiums on mortgages payable (2,669) (5,608)
Amortization of deferred financing costs 6,510 6,806
Loss on interest rate swaps 5,835 7,138
Gain on sales of real estate (15,283) (17,117)
Provisions for impairment on real estate 16,955 9,182
Change in assets and liabilities    
Accounts receivable and other assets 2,964 2,351
Accounts payable, accrued expenses and other liabilities 7,332 (36,160)
Net cash provided by operating activities 579,210 472,948
CASH FLOWS FROM INVESTING ACTIVITIES    
Investment in real estate (1,027,917) (1,061,871)
Improvements to real estate, including leasing costs (5,295) (5,861)
Proceeds from sale of real estate 55,114 51,958
Collection of loans receivable 12,486  
Restricted escrow deposits for Section 1031 tax-deferred exchanges and pending acquisitions (7,757) 20,517
Net cash used in investing activities (973,369) (995,257)
CASH FLOWS FROM FINANCING ACTIVITIES    
Cash distributions to common stockholders (453,774) (392,767)
Cash dividends to preferred stockholders (20,310) (20,310)
Borrowings on line of credit 3,120,000 1,059,000
Payments on line of credit (2,276,000) (843,000)
Principal payments on notes payable (275,000)  
Proceeds from mortgages payable 9,963  
Principal payments on mortgages payable (183,697) (140,825)
Proceeds from term loans   250,000
Proceeds from common stock offerings, net 383,572 276,430
Proceeds from dividend reinvestment and stock purchase plan 8,174 360,941
Procceds from At-the-Market (ATM) program 85,780  
Redemption of preferred units   (6,750)
Redemption of common units (9,026)  
Distributions to noncontrolling interests (1,018) (1,267)
Debt issuance costs   (10,358)
Other items, including shares withheld upon vesting (4,998) (5,563)
Net cash provided by financing activities 383,666 525,531
Net (decrease) increase in cash and cash equivalents (10,493) 3,222
Cash and cash equivalents, beginning of period 40,294 3,852
Cash and cash equivalents, end of period $ 29,801 $ 7,074