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Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities    
Net income $ 116,690 $ 211,172
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 174,528 163,573
Gain on sale of discontinued operations, net of tax 0 (91,059)
Gain on sale of land (3,609) (698)
Impairment associated with land holdings 1,152 0
Distributions of income from joint ventures 6,293 7,935
Equity in income of joint ventures (5,889) [1] (20,658) [1]
Share-based compensation 11,902 10,682
Amortization of deferred financing costs 2,493 2,689
Net change in operating accounts and other 23,446 25,968
Net cash from operating activities 327,006 309,604
Cash flows from investing activities    
Development and capital improvements (390,756) (245,336)
Acquisition of operating properties 0 (224,109)
Proceeds from sale of land and discontinued operations 22,606 162,019
Distributions from investments in joint ventures 6,571 6,094
Increase in non-real estate assets (3,486) (15,103)
Change in restricted cash 714 (53,704)
Other (1,750) (1,126)
Net cash from investing activities (366,101) (371,265)
Cash flows from financing activities    
Borrowings on unsecured line of credit and other short-term borrowings 2,172,000 450,900
Repayments on unsecured line of credit and other short-term borrowings (2,172,000) (267,900)
Repayment of notes payable (35,640) (29,217)
Proceeds from notes payable 248,078 0
Distributions to common shareholders and non-controlling interests (176,284) (163,290)
Proceeds from issuance of common shares 50,535 40,098
Payment of deferred financing costs (3,147) (827)
Common share options exercised 417 2,466
Net decrease in accounts receivable – affiliates 1,770 6,151
Other 1,699 1,318
Net cash from financing activities 87,428 39,699
Net increase (decrease) in cash and cash equivalents 48,333 (21,962)
Cash and cash equivalents, beginning of period 17,794 26,669
Cash and cash equivalents, end of period 66,127 4,707
Supplemental information    
Cash paid for interest, net of interest capitalized 52,073 56,500
Cash paid for income taxes 1,623 2,116
Supplemental schedule of noncash investing and financing activities    
Distributions declared but not paid 60,265 56,793
Value of shares issued under benefit plans, net of cancellations 19,215 20,555
Net change in redemption of non-qualified share awards 11,541 12,796
Accrual associated with construction and capital expenditures $ 22,269 $ 21,502
[1] Equity in income excludes our ownership interest of fee income from various services provided by us to the funds.