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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net (loss) income $ (610) $ 32,890
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 572,139 564,848
Amortization of deferred revenue and lease intangibles, net (33,491) (31,551)
Other non-cash amortization 6,412 10,119
Allowance on loans receivable and investments (116) (8,961)
Stock-based compensation 22,601 21,465
Straight-lining of rental income (7,559) (7,167)
Loss on extinguishment of debt, net 7 27,016
Gain on real estate dispositions (2,421) (43,791)
Gain on real estate loan investments 0 (74)
Income tax (benefit) expense (11,184) 2,510
Loss (income) from unconsolidated entities 5,322 (4,512)
Distributions from unconsolidated entities 10,719 6,480
Other 25,128 (34,841)
Changes in operating assets and liabilities:    
Increase in other assets (32,622) (25,618)
Decrease in accrued interest (2,008) (5,732)
Increase in accounts payable and other liabilities 315 25,775
Net cash provided by operating activities 552,632 528,856
Cash flows from investing activities:    
Net investment in real estate property (388,295) (210)
Investment in loans receivable (5,225) (283)
Proceeds from real estate disposals 6,171 115,850
Proceeds from loans receivable 487 36,475
Development project expenditures (81,878) (130,894)
Capital expenditures (91,004) (74,122)
Distributions from unconsolidated entities 25,652 0
Investment in unconsolidated entities (33,086) (68,311)
Insurance proceeds for property damage claims 7,918 390
Net cash used in investing activities (559,260) (121,105)
Cash flows from financing activities:    
Net change in borrowings under revolving credit facilities (7,822) (104,131)
Net change in borrowings under commercial paper program 55,184 169,984
Proceeds from debt 706,915 268,286
Repayment of debt (394,395) (565,951)
Purchase of noncontrolling interests (170) 0
Payment of deferred financing costs (4,126) (17,776)
Issuance of common stock, net 0 14,250
Cash distribution to common stockholders (360,098) (337,838)
Cash distribution to redeemable OP unitholders (3,072) (3,164)
Cash issued for redemption of OP Units 0 (62)
Contributions from noncontrolling interests 39 30
Distributions to noncontrolling interests (7,873) (8,588)
Proceeds from stock option exercises 8,691 4,821
Other (6,219) (5,934)
Net cash used in financing activities (12,946) (586,073)
Net decrease in cash, cash equivalents and restricted cash (19,574) (178,322)
Effect of foreign currency translation (992) 1,450
Cash, cash equivalents and restricted cash at beginning of period 196,597 451,640
Cash, cash equivalents and restricted cash at end of period 176,031 274,768
Assets acquired and liabilities assumed from acquisitions and other:    
Real estate investments 3,176 468
Other assets 362 0
Other liabilities 2,944 0
Deferred income tax liability 594 0
Noncontrolling interests $ 0 $ 468