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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities    
Net income $ 492,725 $ 158,266
Income from discontinued operations, including gain on sale (382,842) (9,925)
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 124,547 117,924
Gain on sale of operating properties, including land (32,678) (85,192)
Distributions of income from joint ventures 3,162 3,092
Equity in income of joint ventures [1] (3,186) (2,913)
Share-based compensation 10,367 8,432
Net change in operating accounts and other (2,566) (13,444)
Net cash from continuing operating activities 209,529 176,240
Net cash from discontinued operating activities 12,537 18,382
Net cash from operating activities 222,066 194,622
Cash flows from investing activities    
Development and capital improvements (158,478) (232,830)
Proceeds from sales of operating properties, including land 40,130 112,180
Change in restricted cash (15,590) 107
Other (5,031) (3,555)
Net cash from continuing investing activities (138,969) (124,098)
Proceeds from discontinued operations 622,982 0
Net cash from discontinued investing activities (1,890) (5,091)
Net cash from investing activities 482,123 (129,189)
Cash flows from financing activities    
Borrowings on unsecured credit facility and other short-term borrowings 1,305,000 186,000
Repayments on unsecured credit facility, other short-term borrowings (1,549,000) (4,000)
Repayment of notes payable (1,370) (251,432)
Distributions to common shareholders and non-controlling interests (133,269) (124,623)
Purchase of non-controlling interests 0 (9,500)
Common share options exercised 3,486 0
Other 2,073 712
Net cash from continuing financing activities (373,080) (202,843)
Net increase (decrease) in cash and cash equivalents 331,109 (137,410)
Cash and cash equivalents, beginning of period 10,617 153,918
Cash and cash equivalents, end of period 341,726 16,508
Supplemental information    
Cash paid for interest, net of interest capitalized 47,069 49,715
Cash paid for income taxes 2,089 1,548
Supplemental schedule of noncash investing and financing activities    
Distributions declared but not paid 69,116 64,253
Value of shares issued under benefit plans, net of cancellations 19,180 18,552
Accrual associated with construction and capital expenditures $ 26,704 $ 21,510
[1] Equity in income excludes our ownership interest of fee income from various services provided by us to the Funds.