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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net income (loss) $ 2,413 $ (37,669)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 89,736 92,063
Amortization 12,152 10,776
Straight-line rent adjustments (2,084) (1,753)
Provision for doubtful accounts 0 2,054
Non-cash lease termination revenue 0 (4,200)
Amortization of deferred compensation 5,633 5,392
Gain on debt extinguishment, net (24,832) 0
Insurance recoveries in excess of property loss (3,994) 0
Gain on sale of interests in real estate, net (2,684) (723)
Equity in income of partnerships (6,136) (8,186)
Gain on sale of real estate by equity method investee (553) (2,773)
Cash distributions from partnerships 19,223 6,029
Amortization of historic tax credits 0 (810)
Impairment of assets 1,464 34,286
Change in assets and liabilities:    
Net change in other assets (5,248) (1,904)
Net change in other liabilities (5,417) 1,632
Net cash provided by operating activities 79,673 94,214
Cash flows from investing activities:    
Investments in consolidated real estate acquisitions 0 (11,400)
Distribution of financing proceeds from equity method investee 25,000 123,000
Cash proceeds from sales of real estate 35,351 1,636
Cash proceeds from sale of mortgage 8,000 0
Cash distributions from partnerships of proceeds from real estate sold 879 19,727
Proceeds from insurance claims related to damage to real estate assets 6,977 0
Investments in partnerships (55,221) (47,074)
Investments in real estate improvements (21,487) (23,918)
Additions to construction in progress (86,118) (51,349)
Capitalized leasing costs (413) (10,423)
Additions to leasehold improvements and corporate fixed assets (819) (67)
Net cash (used in) provided by investing activities (87,851) 132
Cash flows from financing activities:    
(Repayments of) proceeds from mortgage loans and finance lease liabilities (71,210) 10,185
Net borrowings (repayments) under revolving facility 148,000 (16,000)
Dividends paid to common shareholders (47,492) (44,349)
Dividends paid to preferred shareholders (20,531) (20,531)
Distributions paid to Operating Partnership unit holders and noncontrolling interest (2,587) (5,212)
Principal installments on mortgage loans (12,806) (14,217)
Payment of deferred financing costs (95) (6,522)
Value of shares of beneficial interest issued 978 1,118
Value of shares retired under equity incentive plans, net of shares issued (632) (747)
Net cash used in financing activities (6,375) (96,275)
Net change in cash, cash equivalents, and restricted cash (14,553) (1,929)
Cash, cash equivalents, and restricted cash, beginning of period 32,445 33,953
Cash, cash equivalents, and restricted cash, end of period $ 17,892 $ 32,024