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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Operating activities    
Net income (loss) $ 10,966 $ (2,425)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 40,280 27,945
Depreciation and amortization – discontinued operations 116 1,615
Amortization of above (below) market leases (2,476) 828
Amortization of above (below) market leases – discontinued operations 0 20
Amortization of loan costs 542 476
Amortization of loan costs - discontinued operations 0 5
Amortization of debt premium, net (1,283) 0
Share-based compensation expense 2,489 89
Deferred income tax expense (benefit) 220 (568)
Gain on sale of real estate investments (10,463) (542)
Gain on sale of in-substance real estate (6,289) 0
Equity in loss of unconsolidated joint ventures 478 0
Increase in deferred leasing costs (2,923) (2,304)
Changes in operating assets and liabilities:    
Change in condominium units 1,574 0
Change in receivables and other assets (6,101) (10,747)
Change in accounts payable and other liabilities (17,874) 2,879
Net cash provided by operating activities 9,256 17,271
Investing activities    
Proceeds from mortgage loan receivable 21 0
Investment in unconsolidated joint ventures, net (4,000) 0
Investment in real estate (34,067) (184,174)
Acquisition of noncontrolling interests (41,539) 0
Proceeds from sale of in-substance real estate 24,923 0
Proceeds from sale of real estate 26,157 2,966
Improvements to real estate (11,798) (8,457)
Net cash used in investing activities (40,303) (189,665)
Financing activities    
Principal payments on mortgage notes payable (2,782) (2,385)
Proceeds from mortgage notes payable 0 164,500
Proceeds from bank borrowings 1,446 28,299
Payments on bank borrowings (59,446) (165,299)
Debt financing costs (202) (975)
Purchase of Company stock 0 (35)
Dividends paid on common stock (18,601) (8,380)
Dividends paid on common units of operating partnership (976) 0
Dividends paid on preferred stock 0 (2,711)
Distributions to noncontrolling interest partners 0 (56,863)
Proceeds from stock offerings, net of transaction costs 205,166 208,947
Net cash provided by financing activities 124,605 165,098
Change in cash and cash equivalents 93,558 (7,296)
Cash and cash equivalents at beginning of period 58,678 81,856
Cash and cash equivalents at end of period 152,236 74,560
Supplemental cash flow information:    
Cash paid for interest 16,157 9,625
Cash paid for income taxes 271 51
Supplemental schedule of non-cash investing and financing activity:    
Stock options, profits interest units, restricted share units, restricted shares and deferred incentive share units forfeited 0 (287)
Shares issued pursuant to TPG Management Services Agreement 125 75
Issuance of operating partnership units 1,546 0
Transfer of real estate related investments to deferred leasing costs 12,626 0
Transfer of receivables and other assets to real estate related investments $ 1,824 $ 0