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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 316,477 $ 284,855 $ 271,940
Adjustments to net income:      
Depreciation and amortization 449,943 409,215 374,661
Income from discontinued operations     (2,800)
Amortization of share-based compensation 12,007 10,391 11,959
Non-cash rental adjustments (10,154) (8,607) (6,848)
Amortization of net premiums on mortgages payable (3,414) (7,482) (12,891)
Amortization of deferred financing costs 8,904 9,044 8,335
(Gain) loss on interest rate swaps (1,639) 3,043 1,349
Gain on sales of real estate (21,979) (22,243) (39,205)
Provisions for impairment on real estate 20,664 10,560 4,126
Change in assets and liabilities      
Accounts receivable and other assets (1,232) (2,641) (3,064)
Accounts payable, accrued expenses and other liabilities 34,468 6,168 20,130
Net cash provided by operating activities 804,045 692,303 627,692
CASH FLOWS FROM INVESTING ACTIVITIES      
Investment in real estate (1,798,892) (1,266,885) (1,228,243)
Improvements to real estate, including leasing costs (13,426) (11,541) (6,032)
Proceeds from sales of real estate:      
Continuing operations 99,096 65,817 88,688
Discontinued operations     6,918
Collection of loans receivable 12,515   350
Restricted escrow deposits for Section 1031 tax-deferred exchanges and pending acquisitions (404) 33,554 (36,540)
Net cash used in investing activities (1,701,111) (1,179,055) (1,174,859)
CASH FLOWS FROM FINANCING ACTIVITIES      
Cash distributions to common stockholders (610,516) (533,238) (479,256)
Cash dividends to preferred stockholders (27,080) (27,080) (38,300)
Borrowings on line of credit 3,879,000 1,448,000 1,672,321
Payments on line of credit (2,997,000) (1,433,000) (1,577,321)
Proceeds from notes and bonds payable issued 592,026   598,594
Principal payments on notes payable (275,000) (150,000)  
Proceeds from mortgages payable 9,963    
Principal payments on mortgages payable (231,743) (198,353) (85,208)
Proceeds from term loans   250,000  
Proceeds from common stock offerings, net 383,572 793,559 528,615
Proceeds from dividend reinvestment and stock purchase plan 10,252 363,029 158,462
Procceds from At-the-Market (ATM) program 166,781 36,348  
Redemption of preferred stock     (220,000)
Redemption of preferred units   (6,750)  
Redemption of common units (9,026)    
Distributions to noncontrolling interests (12,725) (1,679) (1,844)
Debt issuance costs (5,274) (10,259) (5,505)
Other items, including shares withheld upon vesting (7,038) (7,383) (9,796)
Net cash provided by financing activities 866,192 523,194 540,762
Net (decrease) increase in cash and cash equivalents (30,874) 36,442 (6,405)
Cash and cash equivalents, beginning of period 40,294 3,852 10,257
Cash and cash equivalents, end of period $ 9,420 $ 40,294 $ 3,852