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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net income (loss) $ 12,702 $ 239,091
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization of real estate, in-place lease and other intangibles 469,191 418,740
Amortization of deferred compensation 14,529 13,098
Amortization of deferred financing costs 8,174 9,760
Straight-line rents (16,220) (20,888)
Equity loss (income) from unconsolidated joint ventures 10,012 442
Distributions of earnings from unconsolidated joint ventures 12,001 17,519
Deferred income tax expense (benefit) (14,468) (12,831)
Impairments (recoveries), net 115,653 19,180
Loss on extinguishment of debt 36,152 43,899
Loss (gain) on sales of real estate, net (18,708) (162,211)
Loss (gain) on consolidation, net (11,481) 41,017
Casualty-related loss (recoveries), net (4,406) 0
Other non-cash items (1,157) (1,033)
Decrease (increase) in accounts receivable and other assets, net (31,445) (4,665)
Increase (decrease) in accounts payable, accrued liabilities and deferred revenue 48,072 31,800
Net cash provided by (used in) operating activities 628,601 632,918
Cash flows from investing activities:    
Acquisitions of real estate (1,315,168) (315,392)
Development and redevelopment of real estate (441,416) (341,906)
Leasing costs, tenant improvements, and recurring capital expenditures (62,840) (70,237)
Proceeds from sales of real estate, net 165,683 686,222
Contributions to unconsolidated joint ventures (14,067) (10,815)
Distributions in excess of earnings from unconsolidated joint ventures 16,166 19,631
Proceeds from insurance recovery 9,359 0
Proceeds from the RIDEA II transaction, net 0 335,709
Proceeds from the U.K. JV transaction, net 0 393,997
Proceeds from sales/principal repayments on debt investments and direct financing leases 274,025 147,435
Investments in loans receivable, direct financing leases and other (73,256) (27,110)
Net cash provided by (used in) investing activities (1,441,514) 817,534
Cash flows from financing activities:    
Borrowings under bank line of credit 2,690,000 1,203,000
Repayments under bank line of credit (2,030,000) (1,580,668)
Issuance and borrowings of debt, excluding bank line of credit 1,296,607 223,587
Repayments and repurchase of debt, excluding bank line of credit (1,308,596) (927,869)
Borrowings under term loan 250,000 0
Payments for debt extinguishment and deferred financing costs (53,225) (41,552)
Issuance of common stock and exercise of options 510,677 4,686
Repurchase of common stock (4,931) (3,342)
Dividends paid on common stock (536,660) (522,566)
Issuance of noncontrolling interests 33,318 298,929
Distributions to and purchase of noncontrolling interests (18,942) (78,364)
Net cash provided by (used in) financing activities 828,248 (1,424,159)
Effect of foreign exchanges on cash, cash equivalents and restricted cash (77) 245
Net increase (decrease) in cash, cash equivalents and restricted cash 15,258 26,538
Cash, cash equivalents and restricted cash, beginning of period 139,846 82,203
Cash, cash equivalents and restricted cash, end of period $ 155,104 $ 108,741