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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net income $ 127,588 $ 80,098
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 235,920 233,150
Amortization of deferred revenue and lease intangibles, net (2,846) (3,865)
Other non-cash amortization 6,131 3,777
Stock-based compensation 8,405 7,124
Straight-lining of rental income (8,489) (3,622)
Loss on extinguishment of debt, net 405 10,977
Gain on real estate dispositions (5,447) (48)
Loss on real estate loan investments 0 9
Income tax benefit (1,715) (3,675)
Loss from unconsolidated entities 946 40,739
Distributions from unconsolidated entities 1,200 1,389
Other 2,283 (90)
Changes in operating assets and liabilities:    
(Increase) decrease in other assets (13,704) 5,263
Decrease in accrued interest (18,047) (16,524)
Increase (decrease) in accounts payable and other liabilities 3,490 (46,683)
Net cash provided by operating activities 336,120 308,019
Cash flows from investing activities:    
Net investment in real estate property (13,097) (11,450)
Investment in loans receivable (4,257) (4,381)
Proceeds from real estate disposals 17,551 175,370
Proceeds from loans receivable 1,275 143,094
Development project expenditures (49,652) (73,889)
Capital expenditures (21,955) (20,617)
Investment in unconsolidated entities (687) (39,101)
Insurance proceeds for property damage claims 2,998 1,527
Net cash (used in) provided by investing activities (67,824) 170,553
Cash flows from financing activities:    
Net change in borrowings under revolving credit facilities (700,775) 273,843
Net change in borrowings under commercial paper program 194,498 0
Proceeds from debt 706,591 738,519
Repayment of debt (262,570) (1,217,118)
Payment of deferred financing costs (6,837) (6,318)
Issuance of common stock, net 98,378 0
Cash distribution to common stockholders (282,874) (281,635)
Cash distribution to redeemable OP unitholders (2,216) (1,858)
Cash issued for redemption of OP Units 0 (655)
Contributions from noncontrolling interests 1,223 0
Distributions to noncontrolling interests (2,623) (3,339)
Other (2,558) (4,687)
Net cash used in financing activities (259,763) (503,248)
Net increase (decrease) in cash, cash equivalents and restricted cash 8,533 (24,676)
Effect of foreign currency translation 234 5
Cash, cash equivalents and restricted cash at beginning of period 131,464 188,253
Cash, cash equivalents and restricted cash at end of period 140,231 163,582
Assets and liabilities assumed from acquisitions and other:    
Real estate investments 0 28,910
Other assets 0 4,112
Other liabilities 0 15,938
Equity issued for redemption of OP Units $ 0 $ 266