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Condensed 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 $ 245,283 $ 282,114
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 102,319 126,558
Amortization of debt deferred costs and intangibles, net 2,437 2,354
Non-cash lease expense 916 0
Impairment loss 74 2,398
Equity in earnings of real estate joint ventures and partnerships, net (17,780) (19,333)
Gain on sale of property (143,963) (173,077)
Distributions of income from real estate joint ventures and partnerships 14,909 12,817
Changes in accrued rent, accrued contract receivables and accounts receivable, net 14,206 3,459
Changes in unamortized lease costs and other assets, net (8,260) (10,697)
Changes in accounts payable, accrued expenses and other liabilities, net (3,633) (1,858)
Other, net 2,643 (10,133)
Net cash provided by operating activities 209,151 214,602
Cash Flows from Investing Activities:    
Acquisition of real estate and land, net (54,069) (1,265)
Development and capital improvements (130,857) (112,927)
Proceeds from sale of property and real estate equity investments, net 358,531 372,439
Real estate joint ventures and partnerships - Investments (68,200) (25,731)
Real estate joint ventures and partnerships - Distribution of capital 2,344 4,487
Proceeds from investments 10,125 1,500
Other, net 49 5,180
Net cash provided by investing activities 117,923 243,683
Cash Flows from Financing Activities:    
Proceeds from issuance of debt 0 638
Principal payments of debt (54,226) (255,472)
Changes in unsecured credit facilities (5,000) 0
Proceeds from issuance of common shares of beneficial interest, net 844 6,729
Repurchase of common shares of beneficial interest, net 0 (18,564)
Common share dividends paid (152,467) (152,110)
Debt issuance and extinguishment costs paid (316) (1,189)
Distributions to noncontrolling interests (3,807) (15,063)
Contributions from noncontrolling interests 326 1,324
Other, net (1,885) 869
Net cash used in financing activities (216,531) (432,838)
Net increase in cash, cash equivalents and restricted cash equivalents 110,543 25,447
Cash, cash equivalents and restricted cash equivalents at January 1 76,137 21,334
Cash, cash equivalents and restricted cash equivalents at September 30 186,680 46,781
Cash paid for interest (net of amount capitalized of $9,897 and $5,387, respectively) 45,757 53,890
Cash paid for income taxes 1,456 1,515
Cash paid for amounts included in operating lease liabilities $ 2,215 $ 0