XML 16 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities    
Net income $ 796,146 $ 196,460
Income from discontinued operations, including gain on sale (382,842) (14,832)
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 187,379 179,260
Gain on sale of operating properties, including land (295,397) (85,192)
Distributions of income from joint ventures 5,006 4,699
Equity in income of joint ventures [1] (5,052) (4,487)
Share-based compensation 15,511 13,012
Net change in operating accounts and other 24,166 2,380
Net cash from continuing operating activities 344,917 291,300
Net cash from discontinued operating activities 12,594 26,353
Net cash from operating activities 357,511 317,653
Cash flows from investing activities    
Development and capital improvements (262,669) (328,252)
Proceeds from sales of operating properties, including land 515,754 112,180
Payments to Acquire Short-term Investments (100,000) 0
Other (7,533) (7,665)
Net cash from continuing investing activities 145,552 (223,737)
Proceeds from discontinued operations 622,982 0
Net cash from discontinued investing activities (1,890) (8,146)
Net cash from investing activities 766,644 (231,883)
Cash flows from financing activities    
Borrowings on unsecured credit facility and other short-term borrowings 1,305,000 728,000
Repayments on unsecured credit facility, other short-term borrowings (1,549,000) (505,000)
Repayment of notes payable (2,290) (252,160)
Distributions to common shareholders and non-controlling interests (580,542) (188,876)
Purchase of non-controlling interests 0 (9,500)
Common share options exercised 3,835 0
Other 1,967 (1,777)
Net cash from financing activities (821,030) (229,313)
Net increase (decrease) in cash and cash equivalents 303,125 (143,543)
Cash and cash equivalents, beginning of period 10,617 153,918
Cash and cash equivalents, end of period 313,742 10,375
Supplemental information    
Cash paid for interest, net of interest capitalized 62,995 65,748
Cash paid for income taxes 2,314 1,584
Supplemental schedule of noncash investing and financing activities    
Distributions declared but not paid 82,861 64,276
Value of shares issued under benefit plans, net of cancellations 19,103 18,489
Accrual associated with construction and capital expenditures $ 22,334 $ 17,440
[1] Equity in income excludes our ownership interest of fee income from various services provided by us to the Funds.