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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Operating activities      
Net income $ 294,840 $ 212,716 $ 128,884
Adjustments to reconcile net income to net cash provided from (used in) operating activities:      
Depreciation and amortization expenses 533,585 423,605 202,543
Other amortization expenses 15,185 16,851 17,169
Provision for loan losses 27,008 2,010 29,684
Impairment of assets 29,287 12,194 947
Stock-based compensation expense 18,521 10,786 11,823
Loss on derivatives (1,825) 0 0
Loss (gain) on extinguishment of debt, net (775) (979) 34,171
Income from unconsolidated entities (2,482) (5,772) (6,673)
Rental income less than (in excess of) cash received (32,362) (31,578) (6,594)
Amortization related to above (below) market leases, net 165 (2,507) (2,856)
Gain (loss) on sales of properties, net (100,549) (61,160) (36,115)
Distributions by unconsolidated entities operating (17,607) (6,149) 0
Increase (decrease) in accrued expenses and other liabilities 38,213 10,653 12,293
Decrease (increase) in receivables and other assets (18,285) (4,744) (20,535)
Net cash provided from (used in) operating activities 818,133 588,224 364,741
Investing activities      
Investment in real property, net of cash acquired (3,345,111) (4,905,122) (2,074,176)
Capitalized interest (9,777) (13,164) (20,792)
Investment in real estate loans receivable (665,094) (51,477) (97,265)
Other investments, net of payments 25,425 (22,986) (133,894)
Principal collected on real estate loans receivable 35,020 188,811 43,495
Contributions to unconsolidated entities (227,735) (2,784) (196,413)
Distributions by unconsolidated entities investing 13,136 9,135 103
Proceeds from (payments on) derivatives 6,652 0 0
Decrease (increase) in restricted cash (35,766) 30,248 (52,124)
Proceeds from sales of real property 610,271 247,210 219,027
Net cash provided from (used in) investing activities (3,592,979) (4,520,129) (2,312,039)
Financing activities      
Net increase (decrease) under unsecured lines of credit arrangements (610,000) 310,000 160,000
Proceeds from issuance of senior unsecured notes 2,025,708 1,381,086 1,821,683
Payments to extinguish senior unsecured notes (370,524) (3) (495,542)
Secured debt issued 157,418 119,030 154,306
Payments on secured debt (406,210) (83,998) (217,711)
Net proceeds from the issuance of common stock 3,581,292 2,137,594 995,438
Net proceeds from issuance of preferred stock 277,687 696,437 0
Redemption of preferred stock (275,000) 0 0
Decrease (increase) in deferred loan expenses (7,152) (28,867) (3,869)
Contributions by noncontrolling interests 24,115 [1] 8,604 [1] 2,611 [1]
Distributions to noncontrolling interests (29,353) [1] (30,705) [1] (3,301) [1]
Cash distributions to stockholders (722,450) (544,248) (370,223)
Other financing activities (403) (1,113) 0
Net cash provided from (used in) financing activities 3,645,128 3,963,817 2,043,392
Increase (decrease) in cash and cash equivalents 870,282 31,912 96,094
Cash and cash equivalents at beginning of period 163,482 131,570 35,476
Cash and cash equivalents at end of period 1,033,764 163,482 131,570
Supplemental cash flow information:      
Interest paid 369,511 285,884 156,207
Income taxes paid $ 3,071 $ 389 $ 319
[1] Includes amounts attributable to redeemable noncontrolling interests. See accompanying notes.