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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 $ 80,098 $ 199,148
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 233,150 217,783
Amortization of deferred revenue and lease intangibles, net (3,865) (5,015)
Other non-cash amortization 3,777 2,460
Stock-based compensation 7,124 6,701
Straight-lining of rental income, net (3,622) (5,377)
Loss on extinguishment of debt, net 10,977 309
Gain on real estate dispositions (48) (43,289)
Loss on real estate loan investments 9 0
Income tax benefit (3,675) (4,145)
Loss (income) from unconsolidated entities 40,739 (123)
Gain on re-measurement of equity interest upon acquisition, net 0 (3,027)
Distributions from unconsolidated entities 1,389 2,380
Other (90) 652
Changes in operating assets and liabilities:    
Decrease in other assets 5,263 6,369
Decrease in accrued interest (16,524) (4,741)
Decrease in accounts payable and other liabilities (46,683) (24,271)
Net cash provided by operating activities 308,019 345,814
Cash flows from investing activities:    
Net investment in real estate property (11,450) (283,837)
Investment in loans receivable and other (4,381) (701,358)
Proceeds from real estate disposals 175,370 85,000
Proceeds from loans receivable 143,094 3,363
Development project expenditures (73,889) (86,452)
Capital expenditures (20,617) (23,835)
Investment in unconsolidated entities (39,101) (26,940)
Insurance proceeds for property damage claims 1,527 1,393
Net cash provided by (used in) investing activities 170,553 (1,032,666)
Cash flows from financing activities:    
Net change in borrowings under revolving credit facilities 273,843 22,822
Proceeds from debt 738,519 797,214
Repayment of debt (1,217,118) (20,496)
Purchase of noncontrolling interests 0 (15,809)
Payment of deferred financing costs (6,318) (6,384)
Cash distribution to common stockholders (281,635) (275,368)
Cash distribution to redeemable OP unitholders (1,858) (1,893)
Cash issued for redemption of OP and Class C Units (655) 0
Contributions from noncontrolling interests 0 2,102
Distributions to noncontrolling interests (3,339) (2,410)
Other (4,687) 3,297
Net cash (used in) provided by financing activities (503,248) 503,075
Net decrease in cash, cash equivalents and restricted cash (24,676) (183,777)
Effect of foreign currency translation 5 (118)
Cash, cash equivalents and restricted cash at beginning of period 188,253 367,354
Cash, cash equivalents and restricted cash at end of period 163,582 183,459
Assets and liabilities assumed from acquisitions and other:    
Real estate investments 28,910 188,919
Utilization of funds held for an Internal Revenue Code Section 1031 exchange 0 (84,995)
Other assets 4,112 (373)
Debt 0 52,462
Other liabilities 15,938 68,676
Deferred income tax liability 0 (19,564)
Noncontrolling interest 0 1,977
Equity issued for redemption of OP and Class C units $ 266 $ 22,071