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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Operating activities    
Net income $ 187,836 $ 170,373
Adjustments to reconcile net income to net cash provided from (used in) operating activities:    
Depreciation and amortization 393,243 301,461
Other amortization expenses 11,702 12,024
Provision for loan losses 27,008 547
Impairment of assets 6,952 202
Stock-based compensation expense 16,229 9,041
Loss (gain) on derivatives, net 1,712 0
Loss (gain) on extinguishment of debt, net 791 0
Income from unconsolidated entities (2,250) (4,156)
Rental income in excess of cash received (32,069) (19,596)
Amortization related to above (below) market leases, net 767 (1,588)
Loss (gain) on sales of properties, net (46,046) (56,565)
Distributions by unconsolidated entities 3,920 0
Increase (decrease) in accrued expenses and other liabilities 16,417 20,781
Decrease (increase) in receivables and other assets (19,318) (14,891)
Net cash provided from (used in) operating activities 563,470 417,633
Investing activities    
Investment in real property, net of cash acquired (2,119,796) (4,030,444)
Capitalized interest (7,113) (10,090)
Investment in real estate loans receivable (35,894) (36,504)
Other investments, net of payments 26,752 (6,526)
Principal collected on real estate loans receivable 16,577 149,019
Contributions to unconsolidated entities (227,735) (779)
Distributions by unconsolidated entities 12,592 13,260
Proceeds from (payments on) derivatives 4,435 0
Decrease (increase) in restricted cash (69,809) 27,844
Proceeds from sales of real property 302,377 221,585
Net cash provided from (used in) investing activities (2,097,614) (3,672,635)
Financing activities    
Net increase (decrease) under unsecured lines of credit arrangements (610,000) 90,000
Proceeds from issuance of senior unsecured notes 842,323 1,381,086
Payments to extinguish senior unsecured notes (370,524) 0
Secured debt issued 145,713 60,470
Payments on secured debt (272,399) (20,285)
Net proceeds from the issuance of common stock 3,536,232 1,490,681
Net proceeds from the issuance of preferred stock 277,687 696,437
Redemption of preferred stock (275,000) 0
Decrease (increase) in deferred loan expenses (5,119) (25,994)
Contributions by noncontrolling interests 12,106 [1] 9,655 [1]
Distributions to noncontrolling interests (15,283) [1] (21,910) [1]
Cash distributions to stockholders (513,463) (398,919)
Other financing activities 641 (1,113)
Net cash provided from (used in) financing activities 2,752,914 3,260,108
Effect of foreign currency translation on cash and cash equivalents 0 0
Increase (decrease) in cash and cash equivalents 1,218,770 5,106
Cash and cash equivalents at beginning of period 163,482 131,570
Cash and cash equivalents at end of period 1,382,252 136,676
Supplemental cash flow information:    
Interest paid 275,246 203,748
Income taxes paid $ 3,012 $ 320
[1] Includes amounts attributable to redeemable noncontrolling interests.