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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Operating activities    
Net income $ 71,799 $ 57,458
Adjustments to reconcile net income to net cash provided from (used in) operating activities:    
Depreciation and amortization 187,122 127,422
Other amortization expenses 4,194 4,984
Provision for loan losses 0 0
Impairment of assets 0 0
Stock-based compensation expense 10,508 11,323
Loss (gain) on derivatives, net (2,309) (555)
Loss (gain) on extinguishment of debt, net (308) 0
Income from unconsolidated entities (2,262) (1,532)
Rental income in excess of cash received (2,538) (10,125)
Amortization related to above (below) market leases, net 172 (252)
Loss (gain) on sales of properties, net (82,492) (769)
Distributions by unconsolidated entities 0 4,009
Increase (decrease) in accrued expenses and other liabilities 18,276 (6,156)
Decrease (increase) in receivables and other assets (6,972) (12,873)
Net cash provided from (used in) operating activities 199,808 174,044
Investing activities    
Investment in real property, net of cash acquired (1,850,578) (570,200)
Capitalized interest (1,606) (2,420)
Investment in real estate loans receivable (11,971) (10,661)
Other investments, net of payments (1,978) 22,438
Principal collected on real estate loans receivable 49,926 4,301
Contributions to unconsolidated entities (359,575) 0
Distributions by unconsolidated entities 9,916 0
Proceeds from (payments on) derivatives (2,604) 0
Decrease (increase) in restricted cash (94,840) (13,879)
Proceeds from sales of real property 294,607 32,584
Net cash provided from (used in) investing activities (1,968,703) (537,837)
Financing activities    
Net increase (decrease) under unsecured lines of credit arrangements 710,000 (605,000)
Proceeds from issuance of senior unsecured notes 497,862 0
Payments to extinguish senior unsecured notes 0 (22)
Secured debt issued 0 111,000
Payments on secured debt (18,931) (41,592)
Net proceeds from the issuance of common stock 45,377 1,087,777
Net proceeds from the issuance of preferred stock 0 277,901
Redemption of preferred stock 0 0
Decrease (increase) in deferred loan expenses (9,650) (2,324)
Contributions by noncontrolling interests 1,420 [1] 8,367 [1]
Distributions to noncontrolling interests (4,522) [1] (3,477) [1]
Cash distributions to stockholders (216,148) (162,126)
Other financing activities (992) (976)
Net cash provided from (used in) financing activities 1,004,416 669,528
Effect of foreign currency translation on cash and cash equivalents 557 0
Increase (decrease) in cash and cash equivalents (763,922) 305,735
Cash and cash equivalents at beginning of period 1,033,764 163,482
Cash and cash equivalents at end of period 269,842 469,217
Supplemental cash flow information:    
Interest paid 99,202 96,426
Income taxes paid $ 920 $ 2,596
[1] Includes amounts attributable to redeemable noncontrolling interests.