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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flow from operating activities:    
Net income $ 801,078 $ 303,518
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 214,660 209,440
Impairment charges 3,509 41,235
Early extinguishment of debt charges 7,538 0
Equity award expense 18,203 15,025
Gain on sale of properties (5,697) (47,382)
Gain on marketable securities, net (444,646) (1,375)
Gain on sale of cost method investment (190,832) 0
Distributions from joint ventures and other real estate investments 135,791 78,940
Change in accounts and notes receivable, net (21,175) (6,908)
Change in accounts payable and accrued expenses 42,064 29,515
Change in other operating assets and liabilities, net (32,617) (57,831)
Net cash flow provided by operating activities 465,942 482,459
Cash flow from investing activities:    
Acquisition of operating real estate (7,073) 0
Improvements to operating real estate (164,366) (228,029)
Improvements to real estate under development (22,358) (85,609)
Investments in marketable securities 0 (244)
Proceeds from sale of marketable securities 931 1,920
Proceeds from sale of cost method investment 227,325 0
Investments in and advances to real estate joint ventures (14,640) (22,129)
Reimbursements of investments in and advances to real estate joint ventures 4,400 10,274
Investments in and advances to other real estate investments (4,918) (12,503)
Reimbursements of investments in and advances to other real estate investments 297 5,960
Investment in other financing receivable 0 (48)
Collection of mortgage loans receivable 114 5,402
Investment in other investments (500) (2,500)
Proceeds from sale of properties 21,718 163,199
Proceeds from insurance casualty claims 2,450 3,000
Net cash flow provided by/(used for) investing activities 43,380 (161,307)
Cash flow from financing activities:    
Principal payments on debt, excluding normal amortization of rental property debt (158,556) (6,198)
Principal payments on rental property debt (8,036) (9,265)
Proceeds from construction loan financing 0 8,752
(Repayments)/proceeds from the unsecured revolving credit facility, net (200,000) 100,000
Financing origination costs (17,851) (7,448)
Payment of early extinguishment of debt charges (7,538) (1,531)
Contributions from noncontrolling interests 109 0
Redemption/distribution of noncontrolling interests (22,483) (6,489)
Dividends paid (304,320) (401,280)
Proceeds from issuance of stock, net 981 3,351
Redemption of preferred stock 0 (350,000)
Change in other financing liabilities (5,693) (3,315)
Net cash flow used for financing activities (308,292) (323,423)
Net change in cash and cash equivalents 201,030 (2,271)
Cash and cash equivalents, beginning of the period 123,947 143,581
Cash and cash equivalents, end of the period 324,977 141,310
Interest paid during the period including payment of early extinguishment of debt charges of $7,538 and $1,531, respectively (net of capitalized interest of $11,283 and $10,874, respectively) 128,591 111,224
Senior Unsecured Notes [Member]    
Cash flow from financing activities:    
Proceeds from issuance of unsecured debt 900,000 350,000
The 3.20% Senior Unsecured Note [Member]    
Cash flow from financing activities:    
Repayments of unsecured debt (484,905) 0
Term Loan [Member]    
Cash flow from financing activities:    
Proceeds from issuance of unsecured debt 590,000 0
Repayments of unsecured debt (590,000) 0
Joint Ventures [Member]    
Adjustments to reconcile net income to net cash provided by operating activities:    
Equity in income (35,039) (58,960)
Other Real Estate Investments [Member]    
Adjustments to reconcile net income to net cash provided by operating activities:    
Equity in income $ (26,895) $ (22,758)