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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES      
Net (loss) income $ (66,038) $ 21,204 $ (15,698)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 149,793 125,443 117,549
Straight-line rents (5,096) (5,198) (8,616)
Noncash lease expense 3,392    
Net unrealized holding gains on investments (72,391)    
Distributions of operating income from unconsolidated affiliates 3,286 11,273 15,556
Equity in earnings and gains of unconsolidated affiliates 1,237 (8,922) (9,302)
Stock compensation expense 10,912 10,957 12,948
Amortization of financing costs 5,169 7,577 6,008
Impairment charges 85,598 1,721  
Gain on disposition of properties (683) (30,324) (5,140)
Gain on debt extinguishment (18,339)    
Allowance for credit loss 24,770 2,625 (87)
Adjustments to straight-line rent reserves 22,074 1,776 2,620
Deferred gain on tax credits   (5,034)  
Other, net (8,753) (11,627) (11,768)
Changes in assets and liabilities:      
Other liabilities (4,208) (4,466) 6,161
Lease liability - operating leases (1,579)    
Prepaid expenses and other assets 32 8,198 (7,168)
Rents receivable, net (29,810) 342 (3,961)
Accounts payable and accrued expenses 3,199 1,632 (3,026)
Net cash provided by operating activities 102,565 127,177 96,076
CASH FLOWS FROM INVESTING ACTIVITIES      
Acquisition of real estate (21,208) (319,673) (147,985)
Acquisition of leasehold interests   (39,031)  
Development, construction and property improvement costs (40,483) (89,270) (94,834)
Proceeds from the disposition of properties, net 20,930 88,738 63,866
Investments in and advances to unconsolidated affiliates and other (4,291) (151,281) (3,161)
Return of capital from unconsolidated affiliates and other 14,686 105,999 26,338
Issuance of or advances on notes receivable (59,000) (3,608) (3,002)
Proceeds from notes receivable   15,250 26,000
Return of deposits for properties under contract 187 2,870 1,692
Payment of deferred leasing costs (7,979) (7,051) (6,106)
Change in control of previously unconsolidated affiliate 950   573
Net cash used in investing activities (96,208) (397,057) (136,619)
CASH FLOWS FROM FINANCING ACTIVITIES      
Principal payments on mortgage and other notes (55,449) (168,211) (81,726)
Principal payments on unsecured debt (136,490) (521,600) (632,300)
Proceeds received on mortgage and other notes 7,261 326,268 187,173
Proceeds from unsecured debt 236,804 526,400 648,800
Payments of finance lease obligations (903) (2,749)  
(Repurchase) proceeds from the sale of Common Shares (22,386) 145,498 (55,111)
Capital contributions from noncontrolling interests 52,674 161,628 47,560
Distributions to noncontrolling interests (31,461) (101,370) (31,568)
Dividends paid to Common Shareholders (50,182) (93,902) (88,887)
Deferred financing and other costs (2,311) (6,920) (4,219)
Net cash (used in) provided by financing activities (2,443) 265,042 (10,278)
Increase (decrease) in cash and restricted cash 3,914 (4,838) (50,821)
Cash of $15,845, $21,268 and $74,823 and restricted cash of $14,165, $13,580 and $10,846, respectively, beginning of year 30,010 34,848 85,669
Cash of $19,232, $15,845 and $21,268 and restricted cash of $14,692, $14,165 and $13,580, respectively, end of year 33,924 30,010 34,848
Supplemental disclosure of cash flow information      
Cash paid during the period for interest, net of capitalized interest of $7,110 and $12,586 and $5,625 respectively 72,392 53,586 61,832
Cash (received) paid for income taxes, net of refunds (329) 730 1,227
Supplemental disclosure of non-cash investing and financing activities      
Assumption of accounts payable and accrued expenses through acquisition of real estate 116 4,666 2,597
Notes receivable exchanged for real estate 72,430 13,530 22,201
Adjustment to equity as a result of the CECL implementation 400    
Distribution declared and payable on January 15, 2020   26,914  
Right-of-use assets, finance leases (modified) obtained in exchange for finance lease liabilities (70,427) 16,349  
Right-of-use assets, finance leases obtained in exchange for assets under capital lease   76,965  
Right-of-use assets, operating leases obtained in exchange for operating lease liabilities 33,189 57,165  
Capital lease obligation exchanged for finance lease liability   71,111  
Other liabilities exchanged for operating lease liabilities   946  
Assumption of debt through investments in unconsolidated affiliates   4,688  
Debt exchanged for deferred gain on tax credits   (5,262)  
Other assets exchanged for deferred gain on tax credits   228  
Right of use assets, operating leases modified in exchange for finance lease liabilities (1,432)    
Change in control of previously unconsolidated (consolidated) investment      
Increase in real estate (135,190) 828 (31,836)
Decrease in investments in and advances to unconsolidated affiliates 96,816 (1,189) 35,881
Change in other assets and liabilities 1,238 12 (3,472)
Acquisition of noncontrolling interest asset (588)    
Decrease in notes receivable 38,674    
Decrease in right-of-use assets, finance leases   11,051  
Decrease in finance lease liability   $ (10,702)  
Increase in cash and restricted cash upon change of control $ 950   $ 573