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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities:    
Net income $ 163,828 $ 68,780
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization (including amounts in discontinued operations) 366,405 132,514
Amortization of deferred revenue and lease intangibles, net (8,829) (1,550)
Other non-cash amortization (21,185) 3,139
Change in fair value of financial instruments 93 (8,887)
Stock-based compensation 11,086 8,368
Straight-lining of rental income, net (10,470) (3,749)
Loss on extinguishment of debt 39,533 16,526
Gain on real estate dispositions, net (including amounts in discontinued operations) (78,791) 0
Loss (gain) on real estate loan investments 559 (3,255)
Gain on sale of marketable securities 0 (733)
Income tax expense (benefit) (including amounts in discontinued operations) 6,138 (9,404)
(Income) loss from unconsolidated entities (831) 253
Other 5,897 689
Changes in operating assets and liabilities:    
Decrease (increase) in other assets 861 (9,940)
Increase in accrued interest 10,259 4,008
Decrease in accounts payable and other liabilities (23,745) (10,459)
Net cash provided by operating activities 460,808 186,300
Cash flows from investing activities:    
Net investment in real estate property (899,404) (264,464)
Purchase of noncontrolling interest (3,934) (3,319)
Investment in loans receivable (27,260) (612,925)
Proceeds from real estate disposals 8,847 0
Proceeds from loans receivable 33,223 132,363
Proceeds from sale of marketable securities 0 23,050
Development project expenditures (60,561) (5,687)
Capital expenditures (23,812) (13,549)
Other (2,150) (75)
Net cash used in investing activities (975,051) (744,606)
Cash flows from financing activities:    
Net change in borrowings under revolving credit facilities (88,654) 99,500
Proceeds from debt 1,269,315 704,111
Repayment of debt (645,722) (337,427)
Payment of deferred financing costs (2,980) (1,363)
Issuance of common stock, net 342,469 299,926
Cash distribution to common stockholders (361,957) (201,949)
Cash distribution to redeemable OP unitholders (2,241) 0
Purchases of redeemable OP units (611) 0
Distributions to noncontrolling interest (2,907) (616)
Other 14,509 913
Net cash provided by financing activities 521,221 563,095
Net increase in cash and cash equivalents 6,978 4,789
Effect of foreign currency translation on cash and cash equivalents 18 101
Cash and cash equivalents at beginning of period 45,807 21,812
Cash and cash equivalents at end of period 52,803 26,702
Assets and liabilities assumed from acquisitions:    
Real estate investments 364,883 3,140,924
Utilization of escrow funds held for an Internal Revenue Code Section 1031 exchange (134,003) 0
Other assets acquired 81,509 110,722
Debt assumed 250,363 1,621,641
Other liabilities 26,639 200,962
Deferred income tax liability 5,895 48,087
Noncontrolling interests 25,166 0
Equity issued $ 4,326 $ 1,380,956