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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Dec. 31, 2019
Cash flow from operating activities:      
Net income $ 90,389 $ 116,678  
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 69,397 71,561  
Impairment charges 2,974 4,175 $ 4,200
Equity award expense 5,905 5,477  
Gain on sale of properties (3,847) (23,595)  
Distributions from joint ventures and other real estate investments 35,894 28,524  
Change in accounts and notes receivable (1,526) 878  
Change in accounts payable and accrued expenses 5,456 2,837  
Change in other operating assets and liabilities (24,787) (26,299)  
Net cash flow provided by operating activities 155,249 155,258  
Cash flow from investing activities:      
Acquisition of operating real estate (7,073) 0  
Improvements to operating real estate (54,973) (51,345)  
Improvements to real estate under development (16,578) (26,286)  
Investments in marketable securities 0 (157)  
Proceeds from sale of marketable securities 163 39  
Investments in and advances to real estate joint ventures (5,282) (5,638)  
Reimbursements of investments in and advances to real estate joint ventures 1,914 1,435  
Investments in and advances to other real estate investments (478) (6,771)  
Investment in other financing receivable 0 (48)  
Collection of mortgage loans receivable 40 160  
Proceeds from sale of operating properties 13,264 72,069  
Proceeds from insurance casualty claims 2,450 1,000  
Net cash flow used for investing activities (66,553) (15,542)  
Cash flow from financing activities:      
Principal payments on debt, excluding normal amortization of rental property debt (75,681) (3,224)  
Principal payments on rental property debt (2,742) (3,137)  
Proceeds from construction loan financing 0 3,300  
Proceeds under the unsecured revolving credit facility, net 475,000 0  
Financing origination costs (5,145) (3)  
Payment of early extinguishment of debt charges 0 (771)  
Redemption/distribution of noncontrolling interests (20,926) (773)  
Dividends paid (127,255) (132,521)  
Proceeds from issuance of stock, net 981 681  
Change in other financing liabilities (5,079) (3,176)  
Net cash flow provided by/(used for) financing activities 239,153 (139,624)  
Net change in cash and cash equivalents 327,849 92  
Cash and cash equivalents, beginning of the period 123,947 143,581 143,581
Cash and cash equivalents, end of the period 451,796 143,673 $ 123,947
Interest paid during the period including payment of early extinguishment of debt charges of $0 and $771, respectively (net of capitalized interest of $4,364 and $3,137 respectively) 25,383 27,026  
Joint Ventures [Member]      
Adjustments to reconcile net income to net cash provided by operating activities:      
Equity in income (13,648) (18,754)  
Other Real Estate Investments [Member]      
Adjustments to reconcile net income to net cash provided by operating activities:      
Equity in income $ (10,958) $ (6,224)