XML 32 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 1,061,034 $ 152,167
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 220,038 175,108
Amortization of deferred financing costs 7,176 2,974
Amortization of Intangible Assets 292 0
Amortization of discounts and premiums on debt (7,071) (1,567)
Amortization of deferred settlements on derivative instruments 8,139 3,429
Write-off of pursuit costs 2,533 1,034
Income Loss from Investments in Unconsolidated Entities Adjustment 46,366 0
Distributions from unconsolidated entities - return on capital 257 89
Net (gain) on sales of discontinued operations (1,198,922) (132,956)
Unrealized (gain) loss on derivative instruments 0 (1)
Compensation paid with Company Common Shares 10,236 8,968
Changes in assets and liabilities:    
(Increase) decrease in deposits - restricted (1,733) 2,768
Increase (decrease) in mortgage deposits 1,651 (782)
(Increase) in other assets (15,220) (12,262)
Increase in accounts payable and accrued expenses 47,498 41,616
(Decrease) in accrued interest payable 1,039 (8,632)
Increase (decrease) in other liabilities (18,437) (16,878)
Increase in security deposits (5,268) 182
Net cash provided by operating activities 193,514 234,245
CASH FLOWS FROM INVESTING ACTIVITIES:    
Payments to Acquire Businesses, Net of Cash Acquired (4,000,643) 0
Investment in real estate – acquisitions 0 183,112
Investment in real estate - development/other (65,232) (35,876)
Improvements to real estate (26,599) (30,225)
Additions to non-real estate property (1,942) (2,229)
Interest capitalized for real estate and unconsolidated entities under development (8,413) (4,996)
Proceeds from disposition of real estate, net 2,955,398 204,272
Investments in unconsolidated entities (283) (2,396)
(Increase) in deposits on real estate acquisitions and investments, net 101,668 (27,386)
Decrease in mortgage deposits 4,473 83
Net cash (used for) provided by investing activities (1,041,573) (81,865)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Loan and bond acquisition costs (13,869) (4,227)
Mortgage Deposits 632 37
Mortgage notes payable:    
Restricted cash 0 209
Lump sum payoffs (584,020) (47,800)
Scheduled principal repayments (3,244) (3,970)
Notes, net:    
Proceeds from Notes Payable 750,000 0
Lump sum payoffs 0 (253,858)
Line of Credit Facility:    
Proceeds (5,850,000) 0
Repayments (5,455,000) 0
Proceeds from sale of Common Shares 0 152,058
Proceeds from Employee Stock Purchase Plan (ESPP) (1,763) (4,210)
Proceeds from exercise of options (7,174) (18,938)
Payment of offering costs (406) (1,887)
Contributions - Noncontrolling Interests - Partially Owned Properties (3,299) (921)
Contributions - Noncontrolling Interests - Operating Partnership (3) (5)
Distributions:    
Common Shares (249,330) (168,350)
Preferred Shares 0 (3,466)
Noncontrolling Interests – Operating Partnership (10,837) (7,657)
Noncontrolling Interests – Partially Owned Properties (3,345) (1,762)
Net cash (used for) financing activities 291,556 (316,673)
Net (decrease) increase in cash and cash equivalents (556,503) (164,293)
Cash and cash equivalents, beginning of period 612,590 383,921
Cash and cash equivalents, end of period 56,087 219,628
SUPPLEMENTAL INFORMATION:    
Cash paid for interest, net of amounts capitalized 182,356 125,435
Net cash paid for income and other taxes 483 560
AmortizationOfDeferredFinancingCosts [Abstract]    
Amortization Of Deferred Financing Costs Investment In Real Estate Net (1) 0
Amortization Of Deferred Financing Costs Deferred Financing Costs Net 7,177 2,974
Amortization of discounts and premiums on debt:    
Mortgage notes payable (7,557) (2,153)
Notes, net 486 586
Amortization of deferred settlements on derivative instruments:    
Other liabilities (133) (134)
Accumulated other comprehensive income (8,272) (3,563)
Loss From Investments In Unconsolidated Entities [Abstract]    
Income Loss From Equity Method Investments Merger 42,213 0
Other Liabilities Loss From Investments in unconsolidated entities 4,153 0
Unrealized (gain) loss on derivative instruments:    
Other assets 1,471 1,300
Mortgage notes payable 0 (588)
Notes, net (1,471) (712)
Other liabilities (2,814) (3,219)
Unrealized holding (losses) arising during the period 2,814 3,218
Acquisition of Archstone, net of cash acquired [Abstract]    
Acquisition of Archstone Investment in real estate, net (8,707,967) 0
Acquisition of Archstone Investments in Unconsolidated Entities (218,197) 0
Acquisition of Archstone Restricted Cash and Cash Equivalents (474) 0
Acquisition of Archstone Escrow Deposits For Mortgage And Replacement Reserves (35,898) 0
Acquisition of Archstone Deferred Finance Costs, Net (25,780) 0
Acquisition of Archstone Other Assets (204,523) 0
Acquisition of Archstone Secured Debt 3,076,876 0
Acquisition of Archstone Accounts Payable And Accrued Liabilities 17,593 0
Acquisition of Archstone Interest Payable 11,256 0
Acquisition of Archstone Other Liabilities 117,391 0
Acquisition of Archstone Security Deposits 10,949 0
Acquisition of Archstone Common Shares Issued 1,929,868 0
Acquisition of Archstone Noncontrolling Interests Partially Owned Properties 28,263 0
Interest capitalized for real estate and unconsolidated entities under development:    
Investment in real estate, net (8,089) (4,827)
Investment in unconsolidated entities (324) (169)
Other:    
Receivable For Common Shares Issued 0 28,457
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax $ 873 $ 0