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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flow from operating activities:    
Net income $ 235,959 $ 141,425
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 130,294 74,876
Impairment charges 272 (0)
Early extinguishment of debt charges 7,173 0
Equity award expense 7,513 6,457
Gain on sale of properties (4,193) (10,005)
Gain on marketable securities, net (121,764) (61,085)
Distributions from joint ventures and other investments 25,925 19,198
Change in accounts and notes receivable, net 990 18,593
Change in accounts payable and accrued expenses (14,897) 15,387
Change in other operating assets and liabilities, net (43,778) (34,936)
Net cash flow provided by operating activities 194,551 148,371
Cash flow from investing activities:    
Acquisition of operating real estate (18,671) (84,312)
Improvements to operating real estate (29,435) (20,569)
Investment in marketable securities (1,469) 0
Proceeds from sale of marketable securities 100 50
Investment in cost method investment (3,000) 0
Investments in and advances to real estate joint ventures (13,116) (1,805)
Reimbursements of investments in and advances to real estate joint ventures 8,569 967
Investments in and advances to other investments (8,445) (419)
Reimbursements of investments in and advances to other investments 24,398 343
Investment in other financing receivable (3,000) (397)
Collection of mortgage loans receivable 43 37
Proceeds from sale of properties 8,410 22,181
Net cash flow used for investing activities (35,616) (83,924)
Cash flow from financing activities:    
Principal payments on debt, excluding normal amortization of rental property debt (85,683) (12,272)
Principal payments on rental property debt (2,600) (2,661)
Proceeds from mortgage loan financings 19,000 0
Financing origination costs (10,165) 0
Payment of early extinguishment of debt charges (6,470) 0
Contributions from noncontrolling interests 891 0
Redemption/distribution of noncontrolling interests (4,673) (539)
Dividends paid (123,758) (80,039)
Proceeds from issuance of stock, net 2,568 160
Shares repurchased for employee tax withholding on equity awards (13,428) (9,082)
Change in tenants' security deposits 1,038 650
Net cash flow used for financing activities (123,280) (103,783)
Net change in cash, cash equivalents and restricted cash 35,655 (39,336)
Cash, cash equivalents and restricted cash, beginning of the period 334,663 293,188
Cash, cash equivalents and restricted cash, end of the period 370,318 253,852
Interest paid during the period including payment of early extinguishment of debt charges of $6,470 and $0, respectively (net of capitalized interest of $102 and $296, respectively) 60,213 29,383
Senior Unsecured Notes [Member]    
Cash flow from financing activities:    
Proceeds from issuance of unsecured debt 600,000 0
Repayments of unsecured notes (500,000) 0
Joint Ventures [Member]    
Adjustments to reconcile net income to net cash provided by operating activities:    
Equity in income, net (23,570) (17,752)
Other Real Estate Investments [Member]    
Adjustments to reconcile net income to net cash provided by operating activities:    
Equity in income, net $ (5,373) $ (3,787)