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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities    
Net income $ 196,460 $ 116,690
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 190,337 174,528
Gain on sale of operating properties, including land (85,192) (3,609)
Impairment associated with land holdings 0 1,152
Distributions of income from joint ventures 4,699 6,293
Equity in income of joint ventures [1] (4,487) (5,889)
Share-based compensation 13,012 11,902
Amortization of deferred financing costs 2,143 2,493
Net change in operating accounts and other 681 23,446
Net cash from operating activities 317,653 327,006
Cash flows from investing activities    
Development and capital improvements (336,398) (390,756)
Proceeds from sales of operating properties, including land 112,180 22,606
Distributions from investments in joint ventures 1,512 6,571
Other (9,177) (4,522)
Net cash from investing activities (231,883) (366,101)
Cash flows from financing activities    
Repayment of notes payable (252,160) (35,640)
Borrowings on unsecured credit facility and other short-term borrowings 728,000 2,172,000
Repayments on unsecured credit facility and other short-term borrowings (505,000) (2,172,000)
Proceeds from notes payable 0 248,078
Distributions to common shareholders and non-controlling interests (188,876) (176,284)
Purchase of non-controlling interests (9,500) 0
Proceeds from Issuance of Common Stock 0 50,535
Other (1,777) 739
Net cash from financing activities (229,313) 87,428
Net increase (decrease) in cash and cash equivalents (143,543) 48,333
Cash and cash equivalents, beginning of period 153,918 17,794
Cash and cash equivalents, end of period 10,375 66,127
Supplemental information    
Cash paid for interest, net of interest capitalized 65,748 52,073
Cash paid for income taxes 1,584 1,623
Supplemental schedule of noncash investing and financing activities    
Distributions declared but not paid 64,276 60,265
Value of shares issued under benefit plans, net of cancellations 18,489 19,215
Net change in redemption of non-qualified share awards (1,607) 11,541
Accrual associated with construction and capital expenditures $ 17,440 $ 22,269
[1] Equity in income excludes our ownership interest of fee income from various services provided by us to the funds.