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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net income$ 170,764$ 171,027
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation and amortization (including amounts in discontinued operations)293,541154,922
Amortization of deferred revenue and lease intangibles, net(15,454)(4,580)
Other non-cash amortization(6,185)6,455
Change in fair value of financial instruments2,898 
Stock-based compensation13,59610,128
Straight-lining of rental income, net(9,254)(7,975)
Loss on extinguishment of debt25,2116,549
Net gain on sale of real estate assets (including amounts in discontinued operations) (5,393)
Gain on real estate loan investments(3,255) 
Gain on sale of marketable securities(733) 
Income tax (benefit) expense(23,310)2,352
Loss from unconsolidated entities71392
Other2,004(8)
Changes in operating assets and liabilities:  
Increase in other assets(27,009)(9,017)
Increase in accrued interest19,14115,763
Increase in accounts payable and other liabilities1,8755,504
Net cash provided by operating activities443,901346,119
Cash flows from investing activities:  
Net investment in real estate property(344,687)(239,157)
Purchase of noncontrolling interest(3,319) 
Investment in loans receivable(619,859)(38,725)
Proceeds from real estate disposals14,96125,597
Proceeds from loans receivable138,9341,552
Proceeds from sale of marketable securities23,050 
Development project expenditures(23,233)(1,649)
Capital expenditures(28,658)(11,594)
Other(113)(4,500)
Net cash used in investing activities(842,924)(268,476)
Cash flows from financing activities:  
Net change in borrowings under revolving credit facilities434,000233,004
Proceeds from debt957,753201,237
Repayment of debt(895,043)(331,378)
Payment of deferred financing costs(1,898)(1,872)
Issuance of common stock, net299,926 
Cash distribution to common stockholders(354,932)(251,921)
Cash distribution to redeemable OP unitholders(4,038) 
Contributions from noncontrolling interest2818
Distributions to noncontrolling interest(1,997)(6,633)
Other1,0175,426
Net cash provided by (used in) financing activities434,790(151,319)
Net increase (decrease) in cash and cash equivalents35,767(73,676)
Effect of foreign currency translation on cash and cash equivalents(97)69
Cash and cash equivalents at beginning of period21,812107,397
Cash and cash equivalents at end of period57,48233,790
Assets and liabilities assumed from acquisitions:  
Real estate investments11,034,620125,846
Other assets acquired431,679(385)
Debt assumed3,508,226125,320
Other liabilities992,122141
Deferred income tax liability43,889 
Redeemable OP unitholder interests100,430 
Noncontrolling interests83,702 
Equity issued$ 6,737,930