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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities      
Net income $ 838,226 $ 258,262 $ 301,314
Net income from discontinued operations, including gain on sale (382,842) (19,750) (18,197)
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation and amortization 250,146 240,944 222,055
Gain on sale of operating properties, including land (295,397) (104,288) (159,289)
Impairment associated with land holdings 0 0 1,152
Distributions of income from joint ventures 7,057 6,387 7,399
Equity in income of joint ventures [1] (7,125) (6,168) (7,023)
Share-based compensation 20,123 17,674 15,552
Net change in operating accounts and other 281 (5,761) 22,298
Net cash from continuing operating activities 430,469 387,300 385,261
Net cash from discontinued operating activities 12,594 35,938 33,267
Net cash from operating activities 443,063 423,238 418,528
Cash flows from investing activities      
Development and capital improvements (342,952) (411,799) (497,124)
Acquisition of operating properties 0 0 (62,260)
Proceeds from sale of operating properties, including land 515,754 145,044 237,625
Purchase of short-term investments (100,000) 0 0
Distributions from investments in joint ventures 3,512 2,512 6,350
Other (6,994) (15,217) (4,945)
Net cash from continuing investing activities 69,320 (279,460) (320,354)
Proceeds from discontinued operations 622,982 0 0
Net cash from discontinued investing activities (1,890) (13,775) (6,233)
Net cash from investing activities 690,412 (293,235) (326,587)
Cash flows from financing activities      
Borrowings on unsecured line of credit and other short-term borrowings 1,305,000 1,466,000 2,246,000
Repayments on unsecured line of credit and other short-term borrowings (1,549,000) (1,222,000) (2,246,000)
Proceeds from notes payable 0 0 248,078
Repayment of notes payable (3,077) (253,043) (36,340)
Distributions to common shareholders and non-controlling interests (663,363) (253,129) (236,514)
Purchase of non-controlling interests 0 (9,500) 0
Proceeds from issuance of common shares 0 0 66,225
Other 6,203 (1,559) 2,033
Net cash from financing activities (904,237) (273,231) 43,482
Net increase (decrease) in cash, cash equivalents, and restricted cash 229,238 (143,228) 135,423
Cash, cash equivalents, and restricted cash, beginning of year 16,588 159,816 24,393
Cash, cash equivalents, and restricted cash, end of year 245,826 16,588 159,816
Reconciliation of cash, cash equivalents, and restricted cash to the Consolidated Balance Sheets [Abstract]      
Total cash, cash equivalents, and restricted cash 16,588 159,816 24,393
Supplemental information      
Cash paid for interest, net of interest capitalized 93,302 96,179 86,711
Cash paid for income taxes 2,424 1,889 1,658
Supplemental schedule of noncash investing and financing activities      
Value of shares issued under benefit plans, net of cancellations 19,006 18,336 19,310
Accrual associated with construction and capital expenditures $ 22,762 $ 24,175 $ 22,456
[1] Equity in income excludes our ownership interest of fee income from various services provided by us to the Funds.