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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities      
Net income $ 160,694 $ 200,860 $ 838,226
Net income from discontinued operations, including gain on sale 0 0 (382,842)
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation and amortization 300,946 263,974 250,146
Loss on early retirement of debt 0 323 0
Gain on sale of operating properties, including land 0 (43,231) (295,397)
Distributions of income from joint ventures 7,736 6,851 7,057
Equity in income of joint ventures (7,836) (6,822) (7,125) [1],[2]
Share-based compensation 16,749 17,547 20,123
Derivative, Cash Received on Hedge (15,905) 0 0
Net change in operating accounts and other 9,553 (4,846) 281
Net cash from continuing operating activities 503,747 434,656 430,469
Net cash from discontinued operating activities 0 0 12,594
Net cash from operating activities 503,747 434,656 443,063
Cash flows from investing activities      
Development and capital improvements, including land (359,230) (299,086) (342,952)
Acquisition of operating property (290,005) (58,267) 0
Proceeds from sales of operating properties, including land 11,296 76,902 515,754
Purchase of short-term investments 0 0 (100,000)
Increase in non-real estate assets (14,503) (5,128) (2,580)
Decrease (increase) in notes receivable 9,475 (1,988) (4,063)
Maturity of short-term investments 0 100,000 0
Other 2,046 (2,187) 3,161
Net cash from continuing investing activities (640,921) (189,754) 69,320
Proceeds from discontinued operations, including land 0 0 622,982
Net cash from discontinued investing activities 0 0 (1,890)
Net cash from investing activities (640,921) (189,754) 690,412
Cash flows from financing activities      
Borrowings on unsecured credit facility and other short-term borrowings 342,000 465,000 1,305,000
Repayments on unsecured credit facility and other short-term borrowings (342,000) (465,000) (1,549,000)
Repayment of notes payable (381,438) (278,999) (3,077)
Distributions to common shareholders and non-controlling interests (298,005) (280,761) (663,363)
Proceeds from notes payable 495,545 0 0
Proceeds from issuance of common shares 0 445,038 0
Repurchase of common shares and redemption of units (14,668) 0 0
Other 1,538 1,799 6,203
Net cash from financing activities (197,028) (112,923) (904,237)
Net increase (decrease) in cash, cash equivalents, and restricted cash (334,202) 131,979 229,238
Cash, cash equivalents, and restricted cash, beginning of year 377,805 245,826 16,588
Cash, cash equivalents, and restricted cash, end of year 43,603 377,805 245,826
Reconciliation of cash, cash equivalents, and restricted cash to the Consolidated Balance Sheets [Abstract]      
Total cash, cash equivalents, and restricted cash 377,805 245,826 16,588
Supplemental information      
Cash paid for interest, net of interest capitalized 81,299 88,654 93,302
Cash paid for income taxes 1,951 1,705 2,424
Supplemental schedule of noncash investing and financing activities      
Distributions declared but not paid 74,982 72,943 69,161
Value of shares issued under benefit plans, net of cancellations 17,253 18,061 19,006
Accrual associated with construction and capital expenditures $ 35,588 $ 19,016 $ 22,762
[1] Equity in income excludes our ownership interest of fee income from various services provided by us to the Funds
[2] Equity in income for the years ended December 31, 2017 includes our ownership interest of the hurricane related recoveries and expenses of approximately $0.4 million, respectively.