XML 44 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash Flows From Operating Activities:    
Net income $ 621,848 $ 123,202
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 96,521 116,262
Provision for bad debts 2,284 1,868
Gain on sale of peripheral land   (863)
Gain on sale of marketable securities    (1,323)
Gain on dispositions (Note 2) (486,620)  
Discontinuation of hedge accounting (Note 8) 5,507  
Other 7,637 9,907
Increase (decrease) in cash attributable to changes in assets and liabilities:    
Receivables, restricted cash, deferred charges, and other assets 4,665 357
Accounts payable and other liabilities (2,300) 19,701
Net Cash Provided By Operating Activities 249,542 269,111
Cash Flows From Investing Activities:    
Additions to properties (292,523) (193,027)
Issuances of notes receivable   (1,489)
Proceeds from sale of peripheral land    6,916
Proceeds from sale of marketable securities   2,493
Proceeds from dispositions, net of transaction costs (Note 2) 385,598  
Cash in escrow related to center construction projects (Note 5) (39,630)  
Repayments of notes receivable 7,304 500
Collection and release of TCBL related proceeds   12,903
Contributions to Unconsolidated Joint Ventures (Note 2) (44,109) (120,676)
Distributions from Unconsolidated Joint Ventures in excess of income 6,591 3,927
Net Cash Provided By (Used In) Investing Activities 23,231 (288,453)
Cash Flows From Financing Activities:    
Debt proceeds 115,969 183,964
Debt payments (226,944) (145,112)
Debt issuance costs (5,430) (7,010)
Repurchase of common stock (Note 6) (17) (21,189)
Issuance of common stock and/or partnership units in connection with incentive plans (792) (3,422)
Issuance of Series K Preferred Stock, net of offering costs    164,395
Redemption of redeemable noncontrolling interest (Note 7)   (1,050)
Distributions to noncontrolling interests (51,787) (43,542)
Distributions to participating securities of TRG (1,409) (1,313)
Contributions from noncontrolling interests 22,346 4,729
Cash dividends to preferred shareowners (17,353) (15,148)
Cash dividends to common shareowners (102,624) (95,640)
Net Cash Provided By (Used In) Financing Activities (268,041) 19,662
Net Increase In Cash and Cash Equivalents 4,732 320
Cash and Cash Equivalents at Beginning of Period 40,993 32,057
Cash and Cash Equivalents at End of Period $ 45,725 $ 32,377