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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 258,366 $ 223,753
Adjustments to net income:    
Depreciation and amortization 371,755 332,192
Amortization of share-based compensation 10,641 9,204
Non-cash revenue adjustments (2,783) (7,583)
Amortization of net premiums on mortgages payable (1,580) (2,669)
Amortization of deferred financing costs 6,819 6,510
(Gain) loss on interest rate swaps (1,228) 5,835
Gain on sales of real estate (17,689) (15,283)
Provisions for impairment on real estate 8,072 16,955
Change in assets and liabilities    
Accounts receivable and other assets (2,342) 2,964
Accounts payable, accrued expenses and other liabilities 10,067 7,332
Net cash provided by operating activities 640,098 579,210
CASH FLOWS FROM INVESTING ACTIVITIES    
Investment in real estate (964,719) (1,027,917)
Improvements to real estate, including leasing costs (11,834) (5,295)
Proceeds from sales of real estate 69,486 55,114
Insurance proceeds received 12,746  
Collection of loans receivable 92 12,486
Restricted escrow deposits for Section 1031 tax-deferred exchanges and pending acquisitions (19,452) (7,757)
Net cash used in investing activities (913,681) (973,369)
CASH FLOWS FROM FINANCING ACTIVITIES    
Cash distributions to common stockholders (509,987) (453,774)
Cash dividends to preferred stockholders (6,168) (20,310)
Borrowings on line of credit 1,189,000 3,120,000
Payments on line of credit (1,651,000) (2,276,000)
Proceeds from notes and bonds payable issued 711,812  
Principal payments on notes payable (175,000) (275,000)
Proceeds from mortgages payable   9,963
Principal payments on mortgages payable (123,524) (183,697)
Redemption of preferred stock (408,750)  
Proceeds from common stock offerings, net 704,938 383,572
Proceeds from dividend reinvestment and stock purchase plan 67,813 8,174
Procceds from At-the-Market (ATM) program 487,998 85,780
Redemption of common units   (9,026)
Distributions to noncontrolling interests (1,652) (1,018)
Debt issuance costs (6,663)  
Other items, including shares withheld upon vesting (11,455) (4,998)
Net cash provided by financing activities 267,362 383,666
Net increase (decrease) in cash and cash equivalents (6,221) (10,493)
Cash and cash equivalents, beginning of period 9,420 40,294
Cash and cash equivalents, end of period $ 3,199 $ 29,801