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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flow from operating activities:    
Net income (loss) $ 36,095 $ (53,897)
Adjustments to reconcile net income (loss) to net cash flow provided by operating activities:    
Depreciation and amortization 42,608 74,424
Stock-based compensation 2,917 1,728
Amortization and write-off of debt issuance costs and fair market value of debt adjustments 937 10,103
Loss on extinguishment of debt 0 48,606
Equity in net income of joint ventures (1,043) (8,786)
Reserve of preferred equity interests, net 1,099 3,961
Operating cash distributions from joint ventures 2,336 1,786
Gain on disposition of real estate, net (16,377) (10,011)
Impairment charges 620 30,444
Cash paid for interest rate hedging activities 0 (4,833)
Change in notes receivable accrued interest 266 818
Net change in accounts receivable 4,018 5,183
Net change in accounts payable and accrued expenses (19,132) (21,929)
Net change in other operating assets and liabilities (12,081) (19,836)
Total adjustments 6,168 111,658
Net cash flow provided by operating activities 42,263 57,761
Cash flow from investing activities:    
Real estate developed and improvements to operating real estate (18,153) (34,702)
Proceeds from disposition of real estate 70,038 135,464
Equity contributions to joint ventures (47) (59)
Distributions from unconsolidated joint ventures 11,928 16,759
Repayment of joint venture advances 12,687 36,072
Net transactions with RVI 7 0
Net cash flow provided by investing activities 76,460 153,534
Cash flow from financing activities:    
(Repayment of) proceeds from revolving credit facilities, net (60,000) 120,000
Repayment of senior notes 0 (924,751)
Repayment of term loan and mortgage debt (526) (678,721)
Payment of debt issuance costs 0 (32,379)
Proceeds from mortgage payable 0 1,350,000
(Repurchase) issuance of common shares in conjunction with equity award plans and dividend reinvestment plan (627) 5,149
Repurchase of common shares (14,069) 0
Redemption of operating partnership units 0 (736)
Distributions to non-controlling interests and redeemable operating partnership units (213) (214)
Dividends paid (45,262) (78,549)
Net cash flow used for financing activities (120,697) (240,201)
Effect of foreign exchange rate changes on cash and cash equivalents (3) (1)
Net decrease in cash, cash equivalents and restricted cash (1,974) (28,906)
Cash, cash equivalents and restricted cash, beginning of period 13,650 94,724
Cash, cash equivalents and restricted cash, end of period $ 11,673 $ 65,817