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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 83,315 $ 89,035
Adjustments to net income:    
Depreciation and amortization 131,103 121,097
Amortization of share-based compensation 3,662 2,753
Non-cash revenue adjustments (1,544) (1,343)
Amortization of net premiums on mortgages payable (459) (630)
Amortization of deferred financing costs 1,652 2,390
Gain on interest rate swaps (2,007) (1,330)
Gain on sales of real estate (3,218) (10,532)
Provisions for impairment on real estate 14,221 5,433
Change in assets and liabilities    
Accounts receivable and other assets (2,473) 3,027
Accounts payable, accrued expenses and other liabilities (10,723) 6,119
Net cash provided by operating activities 213,529 216,019
CASH FLOWS FROM INVESTING ACTIVITIES    
Investment in real estate (498,448) (374,573)
Improvements to real estate, including leasing costs (8,940) (3,749)
Proceeds from sales of real estate 13,779 31,232
Insurance proceeds received 1,184  
Collection of loans receivable 32 30
Non-refundable escrow deposits for pending acquisitions (442)  
Net cash used in investing activities (492,835) (347,060)
CASH FLOWS FROM FINANCING ACTIVITIES    
Cash distributions to common stockholders (185,556) (162,506)
Cash dividends to preferred stockholders   (6,168)
Borrowings on line of credit 1,058,000 79,000
Payments on line of credit (86,000) (1,199,000)
Principal payment on term loan (125,866)  
Proceeds from notes and bonds payable issued   711,812
Principal payment on notes payable (350,000)  
Principal payments on mortgages payable (12,323) (2,120)
Proceeds from common stock offerings, net   705,012
Proceeds from dividend reinvestment and stock purchase plan 2,346 56,991
Distributions to noncontrolling interests (313) (631)
Debt issuance costs   (6,614)
Other items, including shares withheld upon vesting (6,542) (5,417)
Net cash provided by financing activities 293,746 170,359
Net increase in cash, cash equivalents and restricted cash 14,440 39,318
Cash, cash equivalents and restricted cash, beginning of period 12,142 15,681
Cash, cash equivalents and restricted cash, end of period $ 26,582 $ 54,999