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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 56,712 $ 182,573
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 117,239 122,571
Net amortization of debt discounts, premiums and deferred financing fees 23 (703)
Straight line rental income (3,512) (10,398)
Amortization of acquired real estate leases 28,386 39,431
Other amortization 17,224 15,181
Share-based compensation 11,765 3,142
Loss on asset impairment 17,162 20,160
Gain on early extinguishment of debt (6,111) (3,354)
Equity in earnings of investees 0 (24,460)
Loss on sale of equity investments 0 (171,721)
Gain on issuance of shares by an equity investee 0 (17,020)
Distributions of earnings from investees 0 20,680
Foreign currency exchange loss 8,953 0
Net gain on sale of properties (42,953) 0
Other non-cash expenses 0 2,402
Change in assets and liabilities:    
Restricted cash (6,275) 5,634
Rents receivable and other assets (46,607) (28,586)
Accounts payable and accrued expenses (5,769) 19,826
Rent collected in advance (6,112) (5,399)
Security deposits 1,298 37
Due to related persons 0 (9,277)
Cash provided by operating activities 141,423 160,719
CASH FLOWS FROM INVESTING ACTIVITIES:    
Real estate improvements (43,396) (81,935)
Principal payments received from direct financing lease 5,717 5,451
Proceeds from sale of properties, net 1,425,590 185,299
Proceeds from sale of securities 27,068 0
Proceeds from sale of equity investments, net 0 710,492
Increase in restricted cash (3,238) (4,796)
Cash provided by investing activities 1,411,741 814,511
CASH FLOWS FROM FINANCING ACTIVITIES:    
Purchase and retirement of common shares (87,983) 0
Payments on borrowings (142,868) (551,174)
Deferred financing fees (7,143) 0
Distributions to common shareholders 0 (29,597)
Distributions to preferred shareholders (20,943) (25,114)
Cash used in financing activities (258,937) (605,885)
Effect of exchange rate changes on cash (9,581) (98)
Increase in cash and cash equivalents 1,284,646 369,247
Cash and cash equivalents at beginning of period 364,516 217,032
Cash and cash equivalents at end of period 1,649,162 586,279
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid 93,598 118,948
Taxes paid 5,853 2,732
NON-CASH INVESTING ACTIVITIES:    
(Decrease) increase in capital expenditures recorded as liabilities $ (9,753) $ 15,757