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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flow from operating activities:    
Net income $ 142,154 $ 312,739
Adjustments to reconcile net income to net cash provided by operating activities: by operating activities:    
Depreciation and amortization 84,856 74,569
Asset Impairment Charges 5,840 6,473
Equity award expense 7,877 8,394
Gain on sale of operating properties $ (30,883) (32,055)
Gain on change in control of interests, net (139,801)
Equity in income of joint ventures, net $ (69,933) (97,550)
Equity in income from other real estate investments, net (10,799) (14,369)
Distributions from joint ventures and other real estate investments 26,730 40,110
Change in accounts and notes receivable 1,247 (5,981)
Change in accounts payable and accrued expenses 8,869 11,985
Change in other operating assets and liabilities (29,002) (1,424)
Net cash flow provided by operating activities 136,956 163,090
Cash flow from investing activities:    
Acquisition of operating real estate and other related net assets (11,436) (537,223)
Improvements to operating real estate (32,866) $ (29,888)
Acquisition of real estate under development (12,895)
Improvements to real estate under development (5,333) $ (2,021)
Proceeds from sale/repayments of marketable securities 1,850 700
Investments and advances to real estate joint ventures (17,505) (29,720)
Reimbursements of investments and advances to real estate joint ventures 28,327 7,599
Distributions from liquidation of real estate joint ventures 50,902 53,450
Return on investment from liquidation of real estate joint ventures 40,000 20,889
Investment in other real estate investments (190) (239)
Reimbursements of investments and advances to other real estate investments 2,921 17,946
Collection of mortgage loans receivable $ 231 292
Investment in other investments (190,278)
Proceeds from sale of operating properties $ 79,245 $ 81,037
Proceeds from sale of development properties 4,551
Net cash flow used for/(provided by) investing activities 127,802 $ (607,456)
Cash flow from financing activities:    
Principal payments on debt, excluding normal amortization of rental property debt (101,205) (49,286)
Principal payments on rental property debt (5,971) (7,155)
Proceeds under the unsecured revolving credit facility, net $ 180,000 40,000
Proceeds from issuance of unsecured term loan/notes 1,000,000
Repayments under unsecured term loan/notes $ (300,000) (500,000)
Financing origination costs (91) (9,161)
Change in tenants' security deposits $ 594 1,267
Contributions from noncontrolling interests 105,498
Dividends paid $ (117,030) (113,400)
Proceeds from issuance of stock 111,411 10,258
Net cash flow (used for)/provided by financing activities (232,292) 478,021
Change in cash and cash equivalents 32,466 33,655
Cash and cash equivalents, beginning of period 189,534 187,322
Cash and cash equivalents, end of period 222,000 220,977
Interest paid during the period (net of capitalized interest of $1,699, and $1,134, respectively) 39,508 37,564
Income taxes paid during the period $ 23,960 $ 4,055