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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating activities    
Net income (loss) $ 630,356 $ 730,961
Adjustments to reconcile net income to net cash provided from (used in) operating activities:    
Depreciation and amortization 683,262 673,326
Other amortization expenses 12,095 5,419
Asset Impairment Charges 24,662 24,019
Stock-based compensation expense 16,459 20,618
Loss (gain) on derivatives, net 2,284 (2,516)
Loss (gain) on extinguishment of debt, net 36,870 9
Income from unconsolidated entities 23,676 7,528
Rental income in excess of cash received (64,865) (60,212)
Amortization related to above (below) market leases, net 180 362
Net loss (gain) on sales of properties (287,869) (163,881)
Distributions by unconsolidated entities 116 473
Increase (decrease) in accrued expenses and other liabilities 171,713 79,619
Decrease (increase) in receivables and other assets (86,475) (35,557)
Net cash provided from (used in) operating activities 1,162,464 1,280,168
Investing activities    
Cash disbursed for acquisitions (575,694) (1,448,126)
Cash disbursed for capital improvements to existing properties (159,142) (141,200)
Cash disbursed for construction in progress (198,068) (325,372)
Capitalized interest (10,033) (12,109)
Investment in real estate loans receivable (70,051) (105,496)
Other investments, net of payments 50,877 (88,398)
Principal collected on real estate loans receivable 82,263 225,092
Contributions to unconsolidated entities (73,802) (41,747)
Distributions by unconsolidated entities 58,754 72,564
Proceeds from (payments on) derivatives investing 55,771 56,842
Decrease (increase) in restricted cash 130,470 (21,218)
Proceeds from sales of real property 1,237,851 538,032
Net cash provided from (used in) investing activities 529,196 (1,291,136)
Financing activities    
Net increase (decrease) under unsecured lines of credit arrangements (225,000) 515,000
Proceeds from issuance of senior unsecured notes 7,500 693,560
Payments to extinguish senior unsecured notes (5,000) (400,000)
Net proceeds from the issuance of secured debt 190,459 193,541
Payments on secured debt (1,050,879) (471,898)
Net proceeds from the issuance of common stock 530,992 520,067
Redemption of preferred stock (287,500) 0
Decrease (increase) in deferred loan costs (54,027) (18,831)
Contributions by noncontrolling interests [1] 47,209 142,381
Distributions to noncontrolling interests [1] (51,824) (106,076)
Cash distributions to stockholders (992,621) (970,436)
Other financing activities (8,416) (8,941)
Net cash provided from (used in) financing activities (1,899,107) 88,367
Effect of foreign currency translation on cash and cash equivalents 24,316 (9,690)
Increase (decrease) in cash and cash equivalents (183,131) 67,709
Cash and cash equivalents at beginning of period 419,378 360,908
Cash and cash equivalents at end of period 236,247 428,617
Supplemental cash flow information:    
Interest paid 312,896 360,421
Income taxes paid $ 5,606 $ 7,070
[1]
(1) Includes amounts attributable to redeemable noncontrolling interests.