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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Operating activities    
Net income (loss) $ 503 $ (11,094)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 85,261 57,776
Depreciation and amortization – discontinued operations 116 3,321
Amortization of above (below) market leases (5,074) 1,553
Amortization of above (below) market leases – discontinued operations 0 19
Amortization of financing costs 1,740 1,135
Amortization of financing costs - discontinued operations 0 10
Amortization of debt premium, net (2,678) 0
Non-cash adjustment for interest rate swaps 121 (630)
Share-based compensation expense 5,294 1,321
Deferred income tax benefit 0 (1,135)
Gain on sale of real estate investments (10,463) (542)
Gain on sale of in-substance real estate (6,289) 0
Non-cash impairment loss on real estate-discontinued operations 0 4,600
Equity in (earnings) losses of unconsolidated joint ventures 1,035 (79)
Change in deferred leasing costs 3,783 (3,991)
Changes in operating assets and liabilities:    
Change in condominium units 3,472 0
Change in receivables and other assets (33,963) (22,059)
Change in accounts payable and other liabilities (24,257) 9,511
Net cash provided by operating activities 18,601 39,716
Investing activities    
Proceeds from mortgage loan receivable 43 0
Investment in unconsolidated joint ventures (3,536) 0
Distributions from unconsolidated joint ventures 3,333 0
Investment in real estate (175,611) (225,754)
Proceeds from sale of in-substance real estate 24,923 0
Proceeds from sale of real estate 26,157 2,966
Real estate development (1,544) 0
Improvements to real estate 25,055 15,819
Net cash used in investing activities (151,290) (238,607)
Financing activities    
Principal payments on mortgage notes payable (39,396) (59,800)
Proceeds from mortgage notes payable 0 178,000
Proceeds from bank borrowings 158,468 309,804
Payments on bank borrowings (84,468) (258,804)
Debt financing costs (4,046) (2,495)
Purchase of Company stock 0 (35)
Dividends paid on common stock (37,189) (18,660)
Dividends paid on common units of operating partnership (1,951) 0
Dividends paid on preferred stock 0 (3,433)
Acquisition of noncontrolling interests (43,502) 0
Contributions from noncontrolling interest partners 459 0
Distributions to noncontrolling interest partners 0 (70,703)
Redemption of preferred stock 0 (135,532)
Proceeds from stock offerings, net of offering costs 208,429 208,934
Net cash provided by financing activities 156,804 147,276
Change in cash and cash equivalents 24,115 (51,615)
Cash and cash equivalents at beginning of period 58,678 81,856
Cash and cash equivalents at end of period 82,793 30,241
Supplemental cash flow information:    
Cash paid for interest 33,456 19,939
Cash paid for income taxes 709 76
Supplemental schedule of non-cash investing and financing activity:    
Assumption of debt from acquisition of One Orlando Center 55,967 0
Stock options, profits interest units, restricted share units, restricted shares and deferred incentive share units forfeited 0 (287)
Issuance of operating partnership units $ 1,546 $ 0