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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities:      
Net income   $ 65,751 $ 72,192
Adjustments to reconcile net income to net cash provided from (used in) operating activities:      
Depreciation and amortization   304,088 244,426
Other amortization expenses   5,592 4,197
Provision for loan losses (804) 1,383
Impairment of assets   0 23,568
Stock-based compensation expense   7,445 5,576
Loss (gain) on derivatives and financial instruments, net   2,578 1,934
Loss (gain) on extinguishment of debt, net (12) (4,643)
Loss (income) from unconsolidated entities 2,884 (13,049)
Rental income less than (in excess of) cash received   (22,215) 30,563
Amortization related to above (below) market leases, net   (419) (460)
Loss (gain) on real estate dispositions, net   (22,934) (59,080)
Distributions by unconsolidated entities 6,982 3,036
Increase (decrease) in accrued expenses and other liabilities   (23,416) (4,406)
Decrease (increase) in receivables and other assets   (1,000) (1,579)
Net cash provided from (used in) operating activities   324,520 303,658
Investing activities:      
Cash disbursed for acquisitions, net of cash acquired (601,410) (203,107)
Cash disbursed for capital improvements to existing properties (90,229) (28,780)
Cash disbursed for construction in progress (138,141) (73,605)
Capitalized interest   (5,479) (4,496)
Investment in loans receivable (39,201) (43,148)
Principal collected on loans receivable   89,207 2,852
Other investments, net of payments   2,401 664
Contributions to unconsolidated entities   (115,249) (94,095)
Distributions by unconsolidated entities   5,882 36,934
Proceeds from (payments on) derivatives   10,104 (6,567)
Proceeds from sales of real property   73,568 274,208
Net cash provided from (used in) investing activities   (808,547) (139,140)
Financing activities:      
Net increase (decrease) under unsecured credit facility and commercial paper (24,967) 0
Net proceeds from issuance of senior unsecured notes 545,082 713,907
Net proceeds from the issuance of secured debt   5,385 0
Payments on secured debt   (116,789) (57,888)
Net proceeds from the issuance of common stock   549,346 0
Payments for deferred financing costs and prepayment penalties   (69) (1,221)
Contributions by noncontrolling interests 4,101 5,073
Distributions to noncontrolling interests (177,979) (30,117)
Cash distributions to stockholders   (273,045) (254,915)
Other financing activities (5,960) (2,936)
Net cash provided from (used in) financing activities   505,105 371,903
Effect of foreign currency translation on cash and cash equivalents and restricted cash (790) 1,358
Increase (decrease) in cash, cash equivalents and restricted cash   20,288 537,779
Cash, cash equivalents and restricted cash at beginning of period   346,755 2,021,043
Cash, cash equivalents and restricted cash at end of period   367,043 2,558,822
Supplemental cash flow information:    
Interest paid 123,012 135,947
Income taxes paid (received), net $ 631 $ (852)