XML 18 R8.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 257,486 $ 51,235
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 31,144 58,178
Net amortization of debt discounts, premiums and deferred financing fees 2,005 2,346
Straight line rental income (3,985) (12,487)
Amortization of acquired real estate leases 2,015 7,073
Other amortization 4,834 7,970
Share-based compensation 15,677 16,307
Loss on asset impairment 12,087 19,714
Loss on marketable securities 4,987 0
Loss on early extinguishment of debt 6,403 266
Net gain on sale of properties (253,025) (44,670)
Loss on sale of real estate mortgage receivable 2,117 0
Change in assets and liabilities:    
Rents receivable and other assets (19,749) (20,762)
Accounts payable, accrued expenses and other (6,523) (18,742)
Rent collected in advance (4,926) (3,610)
Cash provided by operating activities 50,547 62,818
CASH FLOWS FROM INVESTING ACTIVITIES:    
Real estate improvements (41,718) (51,700)
Insurance proceeds received 1,443 4,000
Proceeds from sale of properties, net 954,334 699,289
Proceeds from sale of real estate mortgage receivable 5,599 0
Purchase of marketable securities 0 (276,238)
Proceeds from sale of marketable securities 23,933 0
Cash provided by investing activities 943,591 375,351
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repurchase and retirement of common shares (89,910) (209)
Payments on borrowings (575,792) (292,472)
Contributions from holders of noncontrolling interest 1 31
Distributions to preferred shareholders (5,991) (5,991)
Cash used in financing activities (671,692) (298,641)
Increase in cash, cash equivalents, and restricted cash 322,446 139,528
Cash, cash equivalents, and restricted cash at beginning of period 2,360,590 2,101,206
Cash, cash equivalents, and restricted cash at end of period 2,683,036 2,240,734
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid 25,899 50,408
Taxes paid, net 2,377 730
NON-CASH INVESTING ACTIVITIES:    
Increase (decrease) in accrued capital expenditures 1,569 (3,876)
NON-CASH FINANCING ACTIVITIES:    
Total cash, cash equivalents, and restricted cash shown in the statements of cash flows $ 2,360,590 $ 2,101,206