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Consolidated Statements of Cash Flows (Unaudited) (USD $)
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Operating activities    
Net income $ 305,825,000 $ 112,588,000
Adjustments to reconcile net income to net cash provided from (used in) operating activities:    
Depreciation and amortization 648,737,000 630,579,000
Other amortization expenses 5,626,000 6,662,000
Stock-based compensation expense 26,108,000 16,650,000
Loss (gain) on derivatives, net 400,000 4,465,000
Loss (gain) on extinguishment of debt, net 3,075,000 (4,376,000)
Income (loss) from unconsolidated entities 19,705,000 3,529,000
Rental income in excess of cash received (51,017,000) (31,226,000)
Amortization related to above (below) market leases, net 503,000 313,000
Net loss (gain) on sales of properties (42,683,000) (57,202,000)
Distributions by unconsolidated entities 8,883,000 0
Increase (decrease) in accrued expenses and other liabilities (19,259,000) 9,646,000
Decrease (increase) in receivables and other assets (51,734,000) (65,721,000)
Net cash provided from (used in) operating activities 854,169,000 625,907,000
Investing activities    
Cash disbursed for acquisitions (991,315,000) (3,093,347,000)
Cash disbursed for capital improvements to existing properties (86,324,000) (82,519,000)
Cash disbursed for construction in progress (140,829,000) (178,850,000)
Capitalized interest (5,084,000) (4,698,000)
Investment in real estate loans receivable (79,264,000) (77,336,000)
Other investments, net of payments (39,202,000) (16,589,000)
Principal collected on real estate loans receivable 46,268,000 85,555,000
Contributions to unconsolidated entities (246,794,000) (381,667,000)
Distributions by unconsolidated entities 38,261,000 31,699,000
Proceeds from (payments on) derivatives investing 0 60,909,000
Decrease (increase) in restricted cash (45,346,000) 68,796,000
Proceeds from sales of real property 442,733,000 385,493,000
Net cash provided from (used in) investing activities (1,106,896,000) (3,202,554,000)
Financing activities    
Net increase (decrease) under unsecured lines of credit arrangements (130,000,000) 834,050,000
Proceeds from issuance of senior unsecured notes 0 497,862,000
Payments to extinguish senior unsecured notes (47,591,000) (217,615,000)
Secured debt issued 98,100,000 85,140,000
Payments on secured debt (286,162,000) (575,373,000)
Net proceeds from the issuance of common stock 2,260,908,000 1,792,552,000
Decrease (increase) in deferred loan expenses (17,429,000) (12,398,000)
Contributions by noncontrolling interests 5,572,000 [1] 5,350,000 [1]
Distributions to noncontrolling interests (30,909,000) [1] (22,502,000) [1]
Acquisitions of noncontrolling interests (1,175,000) (23,247,000)
Cash distributions to stockholders (757,980,000) (668,797,000)
Other financing activities (844,000) (1,710,000)
Net cash provided from (used in) financing activities 1,092,490,000 1,693,312,000
Effect of foreign currency translation on cash and cash equivalents 135,000 14,409,000
Increase (decrease) in cash and cash equivalents 839,898,000 (868,926,000)
Cash and cash equivalents at beginning of period 158,780,000 1,033,764,000
Cash and cash equivalents at end of period 998,678,000 164,838,000
Supplemental cash flow information:    
Interest paid 365,738,000 342,739,000
Income taxes paid $ 16,672,000 $ 5,146,000
[1]
(1) Includes amounts attributable to redeemable noncontrolling interests.