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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:  
Net income$ 827,796$ 97,771
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation496,383501,695
Amortization of deferred financing costs12,7697,981
Amortization of discounts and premiums on debt1441,454
Amortization of deferred settlements on derivative instruments2,4411,978
Write-off of pursuit costs4,0523,512
Income from technology investments(4,537) 
Loss from investments in unconsolidated entities 735
Distributions from unconsolidated entities - return on capital31861
Net (gain) on sales of unconsolidated entities (28,101)
Net (gain) loss on sales of land parcels(4,217)1,161
Net (gain) on sales of discontinued operations(759,100)(69,538)
Loss on debt extinguishments 158
Unrealized loss on derivative instruments01
Compensation paid with Company Common Shares16,72214,716
Changes in assets and liabilities:  
Decrease in deposits - restricted5,10175
Decrease (increase) in other assets3,239(6,385)
Increase in accounts payable and accrued expenses60,60866,070
(Decrease) in accrued interest payable(28,736)(31,257)
(Decrease) in other liabilities(20,193)(4,150)
Increase in security deposits1,2612,744
Net cash provided by operating activities614,051560,681
CASH FLOWS FROM INVESTING ACTIVITIES:  
Investment in real estate - acquisitions(634,581)(1,108,014)
Investment in real estate - development/other(93,761)(98,282)
Improvements to real estate(106,070)(98,959)
Additions to non-real estate property(4,879)(1,022)
Interest capitalized for real estate and unconsolidated entities under development(5,931)(10,196)
Proceeds from disposition of real estate, net1,402,475134,603
Investments in unconsolidated entities(865) 
Distributions from unconsolidated entities - return of capital 26,924
Proceeds from sale of investment securities 25,000
Proceeds from technology investments4,537 
(Increase) decrease in deposits on real estate acquisitions, net(210,170)248,547
Decrease (increase) in mortgage deposits1,916(2,340)
Consolidation of previously unconsolidated properties (26,854)
Deconsolidation of previously consolidated properties28,360 
Acquisition of Noncontrolling Interests - Partially Owned Properties(12,809)(1,936)
Net cash provided by (used for) investing activities368,222(912,529)
CASH FLOWS FROM FINANCING ACTIVITIES:  
Loan and bond acquisition costs(8,070)(7,897)
Mortgage notes payable:  
Proceeds152,930124,020
Restricted cash16,59536,411
Lump sum payoffs(859,066)(491,100)
Scheduled principal repayments(12,463)(12,508)
(Loss) on debt extinguishments (158)
Notes, net:  
Proceeds 595,422
Lump sum payoffs(575,641) 
Lines of credit:  
Proceeds213,0004,375,125
Repayments(187,000)(4,229,125)
(Payments on) settlement of derivative instruments (10,040)
Proceeds from sale of Common Shares154,50873,356
Proceeds from Employee Share Purchase Plan (ESPP)4,5584,251
Proceeds from exercise of options94,37357,933
Common Shares repurchased and retired (1,887)
Payment of offering costs(2,770)(730)
Other financing activities, net(33)(33)
Contributions - Noncontrolling Interests - Partially Owned Properties64222
Distributions:  
Common Shares(331,928)(284,185)
Preferred Shares(10,399)(10,858)
Noncontrolling Interests - Operating Partnership(15,464)(14,187)
Noncontrolling Interests - Partially Owned Properties(889)(1,812)
Net cash (used for) provided by financing activities(1,367,695)202,220
Net (decrease) in cash and cash equivalents(385,422)(149,628)
Cash and cash equivalents, beginning of period431,408193,288
Cash and cash equivalents, end of period45,98643,660
SUPPLEMENTAL INFORMATION:  
Cash paid for interest, net of amounts capitalized381,194377,467
Net cash paid (received) for income and other taxes607(2,892)
Real estate acquisitions/dispositions/other:  
Mortgage loans assumed99,131338,196
Valuation of OP Units issued 7,433
Mortgage loans (assumed) by purchaser (39,999)
Amortization of deferred financing costs:  
Investment in real estate, net (1,824)
Deferred financing costs, net12,7699,805
Amortization of discounts and premiums on debt:  
Mortgage notes payable(6,116)(5,048)
Notes, net6,2606,502
Amortization of deferred settlements on derivative instruments:  
Other liabilities(401)(401)
Accumulated other comprehensive income2,8422,379
Unrealized loss on derivative instruments:  
Other assets5,21713,788
Mortgage notes payable(464)6
Notes, net(1,476)9,835
Other liabilities127,09099,844
Accumulated other comprehensive (loss)(130,367)(123,472)
Interest capitalized for real estate and unconsolidated entities under development:  
Investment in real estate, net(5,760)(10,196)
Investments in unconsolidated entities(171) 
Consolidation of previously unconsolidated properties:  
Investment in real estate, net (105,065)
Investments in unconsolidated entities 7,376
Deposits - restricted (42,633)
Mortgage notes payable 112,631
Net other assets recorded 837
Deconsolidation of previously consolidated properties:  
Investment in real estate, net35,495 
Investments in unconsolidated entities(7,135) 
(Payments on) settlement of derivative instruments:  
Other liabilities (10,040)
Other:  
Receivable on sale of Common Shares 37,550
Transfer from notes, net to mortgage notes payable $ 35,600