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Consolidated Statements of Cash Flows (Unaudited) (USD $)
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Operating activities    
Net income $ 112,588,000 $ 187,836,000
Adjustments to reconcile net income to net cash provided from (used in) operating activities:    
Depreciation and amortization 630,579,000 393,243,000
Other amortization expenses 6,662,000 11,702,000
Provision for loan losses 0 27,008,000
Impairment of assets 0 (6,952,000)
Stock-based compensation expense 16,650,000 16,229,000
Loss (gain) on derivatives, net 4,465,000 (1,712,000)
Loss (gain) on extinguishment of debt, net (4,376,000) 791,000
Income from unconsolidated entities 3,529,000 (2,250,000)
Rental income in excess of cash received (31,226,000) (32,069,000)
Amortization related to above (below) market leases, net 313,000 767,000
Loss (gain) on sales of properties, net (57,202,000) (46,046,000)
Distributions by unconsolidated entities 0 3,920,000
Increase (decrease) in accrued expenses and other liabilities 9,646,000 16,417,000
Decrease (increase) in receivables and other assets (65,721,000) (19,318,000)
Net cash provided from (used in) operating activities 625,907,000 563,470,000
Investing activities    
Investment in real property, net of cash acquired (3,354,716,000) (2,119,796,000)
Capitalized interest (4,698,000) (7,113,000)
Investment in real estate loans receivable (77,336,000) (35,894,000)
Other investments, net of payments (16,589,000) 26,752,000
Principal collected on real estate loans receivable 85,555,000 16,577,000
Contributions to unconsolidated entities (381,667,000) (227,735,000)
Distributions by unconsolidated entities 31,699,000 12,592,000
Proceeds from (payments on) derivatives 60,909,000 4,435,000
Decrease (increase) in restricted cash 68,796,000 (69,809,000)
Proceeds from sales of real property 385,493,000 302,377,000
Net cash provided from (used in) investing activities (3,202,554,000) (2,097,614,000)
Financing activities    
Net increase (decrease) under unsecured lines of credit arrangements 834,050,000 (610,000,000)
Proceeds from issuance of senior unsecured notes 497,862,000 842,323,000
Payments to extinguish senior unsecured notes (217,615,000) (370,524,000)
Secured debt issued 85,140,000 145,713,000
Payments on secured debt (575,373,000) (272,399,000)
Net proceeds from the issuance of common stock 1,792,552,000 3,536,232,000
Net proceeds from the issuance of preferred stock 0 277,687,000
Redemption of preferred stock 0 (275,000,000)
Decrease (increase) in deferred loan expenses (12,398,000) (5,119,000)
Contributions by noncontrolling interests 5,350,000 [1] 12,106,000 [1]
Distributions to noncontrolling interests (22,502,000) [1] (15,283,000) [1]
Acquisitions of noncontrolling interests (23,247,000) 0
Cash distributions to stockholders (668,797,000) (513,463,000)
Other financing activities (1,710,000) 641,000
Net cash provided from (used in) financing activities 1,693,312,000 2,752,914,000
Effect of foreign currency translation on cash and cash equivalents 14,409,000 0
Increase (decrease) in cash and cash equivalents (868,926,000) 1,218,770,000
Cash and cash equivalents at beginning of period 1,033,764,000 163,482,000
Cash and cash equivalents at end of period 164,838,000 1,382,252,000
Supplemental cash flow information:    
Interest paid 342,739,000 275,246,000
Income taxes paid $ 5,146,096 $ 3,012,000
[1]
(1) Includes amounts attributable to redeemable noncontrolling interests.