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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flow from operating activities:    
Net loss $ (65,222) $ (22,919)
Adjustments to reconcile net loss to net cash flow provided by operating activities:    
Depreciation and amortization 196,515 266,370
Stock-based compensation 5,344 9,537
Amortization and write-off of debt issuance costs and fair market value of debt adjustments 15,209 5,959
Loss on extinguishment of debt 49,049 63,204
Equity in net income of joint ventures (9,687) (2,429)
Reserve of preferred equity interests, net 4,537 60,623
Operating cash distributions from joint ventures 6,077 6,235
Gain on disposition of real estate, net (39,643) (127,017)
Impairment charges 68,394 65,453
Valuation allowance of prepaid tax asset 0 8,777
Interest rate hedging activities (4,538) 0
Assumption of buildings due to ground lease termination (2,150) (8,585)
Change in notes receivable accrued interest 1,020 (3,168)
Net change in accounts receivable (2,908) (190)
Transaction costs related to RVI spin-off (27,203) 0
Net change in accounts payable and accrued expenses 15,256 2,514
Net change in other operating assets and liabilities (12,581) (22,131)
Total adjustments 262,691 325,152
Net cash flow provided by operating activities 197,469 302,233
Cash flow from investing activities:    
Real estate acquired, net of liabilities and cash assumed 0 (86,079)
Real estate developed and improvements to operating real estate (95,357) (89,753)
Proceeds from disposition of real estate 301,479 454,715
Hurricane property insurance advance proceeds 20,193 0
Equity contributions to joint ventures (170) (69,149)
Distributions from unconsolidated joint ventures 30,350 21,781
Repayment of joint venture advances 68,146 7,476
Net transactions with RVI (33,681) 0
Repayment of notes receivable 0 31,068
Net cash flow provided by investing activities 290,960 270,059
Cash flow from financing activities:    
Proceeds from revolving credit facilities, net 105,000 60,000
Proceeds from issuance of senior notes, net of offering expenses 0 791,220
Repayment of senior notes (947,014) (958,509)
Repayment of term loans and mortgage debt (759,970) (434,240)
Payment of debt issuance costs (32,825) (6,704)
Proceeds from issuance of preferred shares, net of offering expenses 0 168,881
Proceeds from mortgage payable 1,350,000 0
Issuance of common shares in conjunction with equity award plans and dividend reinvestment plan 5,048 15,953
Redemption of operating partnership units (736) 0
Contribution of assets to RVI (52,358) 0
Distributions to non-controlling interests and redeemable operating partnership units (1,097) (626)
Dividends paid (235,926) (227,399)
Net cash flow used for financing activities (569,878) (591,424)
Effect of foreign exchange rate changes on cash and cash equivalents (2) 1
Net decrease in cash, cash equivalents and restricted cash (81,449) (19,132)
Cash, cash equivalents and restricted cash, beginning of period 94,724 39,225
Cash, cash equivalents and restricted cash, end of period $ 13,273 $ 20,094