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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flow from operating activities:    
Net income $ 105,232 $ 258,543
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 254,905 147,449
Impairment charges 14,691 104
Early extinguishment of debt charges 7,230 0
Equity award expense 13,994 12,271
Gain on sale of properties (7,137) (28,866)
Loss/(gain) on marketable securities, net 139,703 (85,382)
Distributions from joint ventures and other investments 45,775 37,080
Change in accounts and notes receivable, net (1,204) 19,127
Change in accounts payable and accrued expenses (12,636) 5,587
Change in other operating assets and liabilities, net (41,762) (29,346)
Net cash flow provided by operating activities 442,333 293,671
Cash flow from investing activities:    
Acquisition of operating real estate (29,282) (84,312)
Improvements to operating real estate (78,958) (66,342)
Investment in marketable securities (1,870) 0
Proceeds from sale of marketable securities 201 201
Investment in cost method investment (3,000) 0
Investments in and advances to real estate joint ventures (72,947) (5,698)
Reimbursements of investments in and advances to real estate joint ventures 22,865 3,368
Investments in and advances to other investments (9,473) (55,713)
Reimbursements of investments in and advances to other investments 29,104 32,780
Investment in other financing receivable (53,063) (397)
Collection of mortgage loans receivable 63 93
Proceeds from sale of properties 41,224 130,138
Net cash flow used for investing activities (155,136) (45,882)
Cash flow from financing activities:    
Principal payments on debt, excluding normal amortization of rental property debt (115,166) (136,222)
Principal payments on rental property debt (4,827) (5,011)
Proceeds from mortgage loan financings 19,000 0
Financing origination costs (10,281) 0
Payment of early extinguishment of debt charges (6,527) 0
Contributions from noncontrolling interests 891 0
Redemption/distribution of noncontrolling interests (7,029) (3,225)
Dividends paid (253,809) (160,092)
Proceeds from issuance of stock, net 14,838 1,970
Repurchase of preferred stock (3,441) 0
Shares repurchased for employee tax withholding on equity awards (13,521) (9,225)
Change in tenants' security deposits 1,873 890
Net cash flow used for financing activities (325,062) (310,915)
Net change in cash, cash equivalents and restricted cash (37,865) (63,126)
Cash, cash equivalents and restricted cash, beginning of the period 334,663 293,188
Cash, cash equivalents and restricted cash, end of the period 296,798 230,062
Interest paid during the period including payment of early extinguishment of debt charges of $6,527 and $0, respectively (net of capitalized interest of $277 and $417, respectively) 132,912 96,097
Senior Unsecured Notes [Member]    
Cash flow from financing activities:    
Proceeds from issuance of unsecured debt 600,000 0
Repayments of unsecured notes (547,063) 0
Joint Ventures [Member]    
Adjustments to reconcile net income to net cash provided by operating activities:    
Equity in income, net (67,700) (34,070)
Other Real Estate Investments [Member]    
Adjustments to reconcile net income to net cash provided by operating activities:    
Equity in income, net $ (8,758) $ (8,826)