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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net income$ 95,111$ 113,105
Adjustments to reconcile net income to cash provided by operating activities:  
Depreciation123,324117,575
Net amortization of debt discounts, premiums and deferred financing fees5,4675,644
Amortization of acquired real estate leases33,65423,420
Other amortization12,18612,216
Loss on asset impairment9,24721,491
(Gain) loss on early extinguishment of debt(310)1,044
Equity in earnings of investees(8,390)(6,643)
Gain on issuance of shares by an equity investee(11,177)(34,808)
Distributions of earnings from investees8,2796,660
Gain on sale of properties(41,573)(38,904)
Change in assets and liabilities:  
(Increase) decrease in restricted cash(5,020)5,808
Increase in rents receivable and other assets(56,972)(36,581)
Increase (decrease) in accounts payable and accrued expenses15,356(10,951)
Increase in rent collected in advance6,6672,049
Increase (decrease) in security deposits2,072(59)
Increase in due to related persons18,27117,293
Cash provided by operating activities206,192198,359
Cash flows from investing activities:  
Real estate acquisitions and improvements(829,520)(406,983)
Investment in direct financing lease, net(38,635) 
Principal payments received from direct financing lease3,643 
Principal payments received from real estate mortgage receivable8,183 
Proceeds from investment in marketable pass through certificates 8,000
Proceeds from sale of properties, net263,170230,911
Distributions in excess of earnings from investees4,1595,379
Investment in Affiliates Insurance Company (75)
Increase in restricted cash (1,221)
Cash used in investing activities(589,000)(163,989)
Cash flows from financing activities:  
Proceeds from issuance of common shares, net264,056430,778
Proceeds from issuance of preferred shares, net265,391 
Proceeds from borrowings750,0001,148,632
Payments on borrowings(738,904)(1,317,027)
Deferred financing fees(853)(9,565)
Distributions to common shareholders(108,213)(90,168)
Distributions to preferred shareholders(30,582)(38,001)
Purchase of noncontrolling equity interest (2,500)
Cash provided by financing activities400,895122,149
Effect of exchange rate changes on cash(1,454) 
Increase in cash and cash equivalents16,633156,519
Cash and cash equivalents at beginning of period194,04018,204
Cash and cash equivalents at end of period210,673174,723
Supplemental cash flow information:  
Interest paid151,259142,311
Taxes paid403543
Non-cash investing activities:  
Real estate acquisitions(321,235) 
Investment in real estate mortgage receivable (8,288)
Non-cash financing activities:  
Issuance of common shares1,039896
Assumption of mortgage notes payable$ 321,235