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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 881,204 $ 935,197 $ 295,983
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 684,992 663,616 673,403
Amortization of deferred financing costs 21,435 17,846 10,406
Amortization of discounts and premiums on debt (8,181) (1,478) (471)
Amortization of deferred settlements on derivative instruments 14,144 3,808 2,804
Impairment 0 0 45,380
Write-off of pursuit costs 9,056 5,075 5,272
Income from technology investments 0 (4,537) 0
Loss from investments in unconsolidated entities 14 0 735
Distributions from unconsolidated entities - return on capital 575 319 61
Net (gain) on sales of unconsolidated entities 0 0 (28,101)
Net (gain) loss on sales of land parcels 0 (4,217) 1,395
Net (gain) on sales of discontinued operations (548,278) (826,489) (297,956)
(Loss) on debt extinguishments 272 0 2,457
Unrealized loss (gain) on derivative instruments (1) 186 1
Compensation paid with Company Common Shares 24,832 21,177 18,875
Changes in assets and liabilities:      
Decrease in deposits - restricted (4,091) 4,523 3,316
(Increase) decrease in other assets (20,411) (2,743) (9,048)
Increase (decrease) in accounts payable and accrued expenses (2,102) 332 (5,454)
(Decrease) in accrued interest payable (11,898) (10,510) (4,000)
(Decrease) increase in other liabilities 2,987 (8,245) 9,972
Increase (decrease) in security deposits 1,702 4,474 1,007
Net cash provided by operating activities 1,046,251 798,334 726,037
CASH FLOWS FROM INVESTING ACTIVITIES:      
Investment in real estate - acquisitions (843,976) (1,441,599) (1,189,210)
Investment in real estate - development/other (180,409) (120,741) (131,301)
Improvements to real estate (152,828) (144,452) (138,208)
Additions to non-real estate property (8,821) (7,110) (2,991)
Interest capitalized for real estate under development (22,509) (9,108) (13,008)
Proceeds from disposition of real estate, net 1,049,219 1,500,583 672,700
Investments in unconsolidated entities (5,291) (2,021) 0
Distributions from unconsolidated entities – return of capital 0 0 26,924
Proceeds from sale of investment securities 0 0 25,000
Proceeds from technology investments 0 4,537 0
Decrease (increase) in deposits on real estate acquisitions and investments, net (97,984) 7,631 137,106
Decrease in mortgage deposits 1,563 1,901 4,699
Consolidation of previously unconsolidated properties 0 0 (26,854)
Deconsolidation of previously consolidated properties 0 28,360 11,708
Acquisition of Noncontrolling Interests - Partially Owned Properties (13) (12,809) (16,023)
Net cash (used for) provided by investing activities (261,049) (194,828) (639,458)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Loan and bond acquisition costs (21,209) (20,421) (8,811)
Mortgage notes payable:      
Proceeds 26,495 190,905 173,561
Restricted cash 2,370 16,596 73,232
Lump sum payoffs (350,247) (974,956) (635,285)
Scheduled principal repayments (14,088) (16,726) (16,769)
(Loss) gain on debt extinguishments (272) 0 (2,457)
Notes, net:      
Proceeds 0 996,190 595,422
Lump sum payoffs (975,991) (575,641) 0
Lines of credit:      
Proceeds 5,876,000 1,455,000 5,513,125
Repayments (5,876,000) (1,455,000) (5,513,125)
(Payments on) proceeds from settlement of derivative instruments 0 (147,306) (10,040)
Proceeds from sale of Common Shares 1,417,040 173,484 329,452
Proceeds from Employee Share Purchase Plan (ESPP) 5,399 5,262 5,112
Proceeds from exercise of options 49,039 95,322 71,596
Common Shares repurchased and retired 0 0 (1,887)
Redemption of Preferred Shares (150,000) 0 (877)
Premium on Redemption of Preferred Shares Cash (23) 0 0
Payment of offering costs (39,359) (3,596) (4,657)
Other financing activities, net (48) (48) (48)
Contributions - Noncontrolling Interests - Partially Owned Properties 8,221 75,911 222
Contributions - Noncontrolling Interests - Operating Partnership 5 0 0
Distributions:      
Common Shares (473,451) (432,023) (379,969)
Preferred Shares (13,416) (12,829) (14,471)
Noncontrolling Interests – Operating Partnership (21,915) (20,002) (18,867)
Noncontrolling Interests - Partially Owned Properties (5,083) (1,115) (2,918)
Net cash (used for) provided by financing activities (556,533) (650,993) 151,541
Net (decrease) increase in cash and cash equivalents 228,669 (47,487) 238,120
Cash and cash equivalents, beginning of year 383,921 431,408 193,288
Cash and cash equivalents, end of year 612,590 383,921 431,408
SUPPLEMENTAL INFORMATION:      
Cash paid for interest, net of amounts capitalized 464,937 477,434 475,374
Net cash (received) paid for income and other taxes 673 645 (2,740)
Real estate acquisitions/dispositions/other:      
Mortgage loans assumed 137,644 158,240 359,082
Valuation of OP Units issued 66,606 0 8,245
Mortgage loans (assumed) by purchaser 0 0 (39,999)
Amortization of deferred financing costs:      
Investment in real estate, net 0 0 (2,768)
Deferred financing costs, net 21,435 17,846 13,174
Amortization of discounts and premiums on debt:      
Mortgage notes payable (10,333) (8,260) (9,208)
Notes, net 2,152 6,782 8,737
Amortization of deferred settlements on derivative instruments:      
Other liabilities (534) (535) (534)
Losses reclassified into earnings from other comprehensive income 14,678 4,343 3,338
Unrealized loss (gain) on derivative instruments:      
Other assets 7,448 6,826 13,019
Mortgage notes payable (2,589) (612) (163)
Notes, net (4,860) (2,937) 7,497
Other liabilities 11,772 140,507 45,542
Accumulated other comprehensive (loss) income (11,772) (143,598) (65,894)
Interest capitalized for real estate and unconsolidated entities under development:      
Investment in real estate, net (21,661) (8,785) (13,008)
Investments in unconsolidated entities (848) (323) 0
Consolidation of previously unconsolidated properties:      
Investment in real estate, net 0 0 (105,065)
Investments in unconsolidated entities 0 0 7,376
Deposits - restricted 0 0 (42,633)
Mortgage notes payable 0 0 112,631
Net other assets recorded 0 0 837
Deconsolidation of previously consolidated properties:      
Investment in real estate, net 0 35,495 14,875
Investments in unconsolidated entities 0 (7,135) (3,167)
(Payments on) proceeds from settlement of derivative instruments:      
Other liabilities 0 (147,306) (10,040)
Other:      
Receivable on sale of Common Shares 28,457 0 37,550
Transfer from notes, net to mortgage notes payable $ 0 $ 0 $ 35,600