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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flow from operating activities:    
Net income $ 385,119 $ 180,968
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 199,914 191,420
Impairment charges 107,034 167,153
Gain on sale of operating properties (130,052) (29,859)
Equity in income of joint ventures, net (150,073) (179,791)
Gains on change in control of interests (83,773) (21,711)
Equity in income from other real estate investments, net (16,404) (29,910)
Distributions from joint ventures and other real estate investments 186,629 211,362
Change in accounts and notes receivable 3,168 11,414
Change in accounts payable and accrued expenses 35,289 69,053
Change in other operating assets and liabilities (26,846) (36,258)
Net cash flow provided by operating activities 510,005 533,841
Cash flow from investing activities:    
Acquisition of operating real estate (382,128) (182,423)
Improvements to operating real estate (93,733) (78,490)
Improvements to real estate under development (154) (541)
Investment in marketable securities (4,556) (33,588)
Proceeds from sale/repayments of marketable securities 3,780 10,800
Investments and advances to real estate joint ventures (59,602) (289,494)
Reimbursements of investments and advances to real estate joint ventures 144,359 409,748
Investment in other real estate investments (3,851) (23,488)
Reimbursements of investments and advances to other real estate investments 12,981 19,557
Investment in mortgage loans receivable   (11,469)
Collection of mortgage loans receivable 7,707 13,900
Investment in other investments   (21,366)
Reimbursements of other investments   9,175
Proceeds from sale of operating properties 303,104 247,965
Net cash flow (used for)/provided by investing activities (72,093) 70,286
Cash flow from financing activities:    
Principal payments on debt, excluding normal amortization of rental property debt (298,264) (132,492)
Principal payments on rental property debt (17,098) (18,264)
Proceeds from mortgage loan financings 15,700 35,974
Proceeds/(repayments) under unsecured revolving credit facility, net 55,646 (99,076)
Proceeds from issuance of unsecured term loan/notes 500,000 621,562
Repayments under unsecured term loan/notes (370,842) (446,717)
Financing origination costs (11,911) (7,364)
Redemption of/distributions to noncontrolling interests, net (1,059) (27,184)
Dividends paid (320,749) (299,754)
Proceeds from issuance of stock 16,087 29,043
Net cash flow used for financing activities (432,490) (344,272)
Change in cash and cash equivalents 5,422 259,855
Cash and cash equivalents, beginning of period 148,768 141,875
Cash and cash equivalents, end of period 154,190 401,730
Interest paid during the period (net of capitalized interest of $1,288 and $888, respectively) 135,706 142,805
Income taxes paid during the period $ 12,944 $ 1,240