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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 220,634 $ 56,712
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 79,128 117,239
Net amortization of debt discounts, premiums and deferred financing fees 2,880 23
Straight line rental income (12,384) (3,512)
Amortization of acquired real estate leases 18,289 28,386
Other amortization 11,219 17,224
Share-based compensation 13,871 11,765
Loss on asset impairment 43,736 17,162
Loss (gain) on early extinguishment of debt 118 (6,111)
Foreign currency exchange loss 5 8,953
Net gain on sale of properties (225,210) (42,953)
Change in assets and liabilities:    
Restricted cash (6,119) (6,275)
Rents receivable and other assets (20,474) (46,607)
Accounts payable and accrued expenses (5,303) (5,769)
Rent collected in advance (3,912) (6,112)
Security deposits 234 1,298
Cash provided by operating activities 116,712 141,423
CASH FLOWS FROM INVESTING ACTIVITIES:    
Real estate improvements (92,106) (43,396)
Principal payments received from direct financing lease 0 5,717
Proceeds from sale of properties, net 1,034,403 1,425,590
Proceeds from sale of securities 0 27,068
Decrease (increase) in restricted cash 1,609 (3,238)
Cash provided by investing activities 943,906 1,411,741
CASH FLOWS FROM FINANCING ACTIVITIES:    
Purchase and retirement of common shares (25,563) (87,983)
Redemption of preferred shares (275,000) 0
Payments on borrowings (141,591) (142,868)
Deferred financing fees (52) (7,143)
Distributions to preferred shareholders (15,959) (20,943)
Cash used in financing activities (458,165) (258,937)
Effect of exchange rate changes on cash (8) (9,581)
Increase in cash and cash equivalents 602,445 1,284,646
Cash and cash equivalents at beginning of period 1,802,729 364,516
Cash and cash equivalents at end of period 2,405,174 1,649,162
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid 69,373 93,598
Taxes paid 103 5,853
NON-CASH INVESTING ACTIVITIES:    
Increase (decrease) in capital expenditures recorded as liabilities $ 3,191 $ (9,753)