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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net income $ 149,034 $ 120,759
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization (including amounts in discontinued operations) 236,387 247,453
Amortization of deferred revenue and lease intangibles, net (5,037) (6,603)
Other non-cash amortization 2,446 (519)
Stock-based compensation 5,029 6,307
Straight-lining of rental income, net (9,845) (8,679)
Loss on extinguishment of debt, net 314 21
Gain on real estate dispositions (26,184) (6,686)
Income tax benefit (9,156) (7,850)
Loss from unconsolidated entities 198 251
Distributions from unconsolidated entities 1,989 649
Other 1,099 2,259
Changes in operating assets and liabilities:    
(Increase) decrease in other assets (4,835) 4,615
(Decrease) increase in accrued interest (14,311) 15,792
Decrease in accounts payable and other liabilities (54,237) (23,600)
Net cash provided by operating activities 272,891 344,169
Cash flows from investing activities:    
Net investment in real estate property (13,620) (1,072,539)
Investment in loans receivable and other (146,214) (39,573)
Proceeds from real estate disposals 54,211 166,341
Proceeds from loans receivable 1,625 92,056
Funds held in escrow for future development expenditures 0 4,003
Development project expenditures (34,767) (33,467)
Capital expenditures (23,721) (21,171)
Other (4,265) (4,180)
Net cash used in investing activities (166,751) (908,530)
Cash flows from financing activities:    
Net change in borrowings under credit facility 137,440 (452,897)
Proceeds from debt 145 1,092,833
Repayment of debt (151,309) (24,647)
Purchase of noncontrolling interest 0 (2,660)
Payment of deferred financing costs (76) (14,435)
Issuance of common stock, net 149,631 285,327
Cash distribution to common stockholders (245,496) (254,910)
Cash distribution to redeemable OP unitholders (2,323) (2,365)
Purchases of redeemable OP units 0 (569)
Distributions to noncontrolling interest (1,743) (1,822)
Other 6,151 5,690
Net cash (used in) provided by financing activities (107,580) 629,545
Net (decrease) increase in cash and cash equivalents (1,440) 65,184
Effect of foreign currency translation on cash and cash equivalents 118 (307)
Cash and cash equivalents at beginning of period 53,023 55,348
Cash and cash equivalents at end of period 51,701 120,225
Assets and liabilities assumed from acquisitions:    
Real estate investments 2,558 2,542,829
Other assets acquired (66) 16,711
Debt assumed 0 177,857
Other liabilities 2,558 45,736
Deferred income tax liability (66) 44,117
Redeemable OP unitholder interests assumed 0 87,245
Equity issued $ 0 $ 2,204,585