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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash Flows from Operating Activities:      
Net income $ 859,430 $ 1,009,026 $ 564,740
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization (including amortization of deferred financing costs) 566,207 583,408 561,998
Net gain on disposition of wholly owned and partially owned assets (251,821) (13,568) (3,407)
Straight-lining of rental income (153,668) (82,800) (69,391)
Return of capital from real estate fund investments 91,458 215,676 56,664
Reversal of allowance for deferred tax assets (90,030) 0 0
Amortization of below-market leases, net (79,053) (46,786) (52,876)
Net gains on sale of real estate and other (65,396) (507,192) (414,502)
Distributions of income from partially owned entities 65,018 96,286 54,030
Net realized and unrealized gains on real estate fund investments (57,752) (150,139) (85,771)
Other non-cash adjustments 37,721 37,303 41,663
Loss from partially owned entities 12,630 59,861 340,882
Impairment losses and tenant buy-outs 256 26,518 37,170
Defeasance cost in connection with the refinancing of mortgage payable 0 5,589 0
Losses from the disposition of investment in J.C. Penney 0 0 72,974
Changes in operating assets and liabilities:      
Real estate fund investments (95,010) (3,392) (37,817)
Tenant and other receivables, net 11,936 (8,282) 83,897
Prepaid assets (14,804) (8,786) (2,207)
Other assets (116,157) (123,435) (50,856)
Accounts payable and accrued expenses (33,747) 44,628 (41,729)
Other liabilities (14,320) 3,125 (12,576)
Net cash provided by operating activities 672,150 1,135,310 1,040,789
Cash Flows from Investing Activities:      
Proceeds from sales of real estate and related investments 573,303 388,776 1,027,608
Development costs and construction in progress (490,819) (544,187) (469,417)
Acquisitions of real estate and other (478,215) (211,354) (193,417)
Additions to real estate (301,413) (279,206) (260,343)
Investments in partially owned entities (235,439) (120,639) (230,300)
Restricted cash 200,229 99,464 (26,892)
Distributions of capital from partially owned entities 37,818 25,943 290,404
Proceeds from sales and repayments of mortgage and mezzanine loans receivable and other 16,790 96,913 50,569
Investments in loans receivable and other (1,000) (30,175) (390)
Proceeds from sales of, and return of investment in, marketable securities 0 0 378,709
Proceeds from the sale of LNR 0 0 240,474
Funding of J.C. Penney derivative collateral; and settlement of derivative in 2013 0 0 (186,079)
Return of J.C. Penney derivative collateral 0 0 101,150
Net cash (used in) provided by investing activities (678,746) (574,465) 722,076
Cash Flows from Financing Activities:      
Proceeds from borrowings 4,468,872 2,428,285 2,262,245
Repayments of borrowings (2,936,578) (1,312,258) (3,580,100)
Dividends paid on common shares (474,751) (547,831) (545,913)
Cash included in the spin-off of Urban Edge Properties (225,000) 0 0
Distributions to noncontrolling interests (102,866) (220,895) (215,247)
Dividends paid on preferred shares (80,578) (81,468) (83,188)
Debt issuance and other costs (66,554) (58,336) (19,883)
Contributions from noncontrolling interests 51,975 30,295 43,964
Proceeds received from exercise of employee share options 16,779 19,245 7,765
Repurchase of shares related to stock compensation agreements and related tax withholdings and other (7,473) (3,811) (443)
Purchase of marketable securities in connection with the defeasance of mortgage payable 0 (198,884) 0
Purchases of outstanding preferred units and shares 0 0 (299,400)
Proceeds from the issuance of preferred shares 0 0 290,306
Net cash provided by (used in) financing activities 643,826 54,342 (2,139,894)
Net increase (decrease) in cash and cash equivalents 637,230 615,187 (377,029)
Cash and cash equivalents at beginning of period 1,198,477 583,290 960,319
Cash and cash equivalents at end of period 1,835,707 1,198,477 583,290
Supplemental Disclosure Of Cash Flow Information:      
Cash payments for interest, excluding capitalized interest of $48,539, $53,139 and $42,303 376,620 443,538 465,260
Cash payments for income taxes 8,287 11,696 9,023
Non-cash distribution of Urban Edge Properties:      
Assets 1,709,256 0 0
Liabilities (1,469,659) 0 0
Equity (239,597) 0 0
Adjustments to carry redeemable Class A units at redemption value 192,464 (315,276) (108,252)
Write-off of fully depreciated assets (167,250) (121,673) (77,106)
Transfer of interest in real estate to Pennsylvania Real Estate Investment Trust (145,313) 0 0
Accrued capital expenditures included in accounts payable and accrued expenses 122,711 100,528 72,042
Class A units in connection with acquisition 80,000 0 0
Financing assumed in acquisitions 62,000 0 79,253
Marketable securities transferred in connection with the defeasance of mortgage payable 0 198,884 0
Defeasance of mortgage notes payable 0 (193,406) 0
Elimination of a mortgage and mezzanine loan asset and liability 0 59,375 0
Transfer of interest in real estate fund to an unconsolidated joint venture 0 (58,564) 0
Transfer of noncontrolling interest in real estate fund 0 (33,028) 0
Beverly Connection seller financing 0 13,620 0
Decrease in assets and liabilities resulting from the deconsolidation of discontinued operations and/or investments that were previously consolidated:      
Real estate, net 0 0 (852,166)
Mortgages payable 0 0 (322,903)
Discontinued Operations [Member]      
Adjustments to reconcile net income to net cash provided by operating activities:      
Loss from partially owned entities 11,882 58,131 338,785
Acquisitions [Member]      
Non-cash distribution of Urban Edge Properties:      
Like-kind exchange of real estate 80,269 606,816 66,076
Dispositions [Member]      
Non-cash distribution of Urban Edge Properties:      
Like-kind exchange of real estate $ (213,621) $ (630,352) $ (128,767)