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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net income $ 105,334 $ 129,004
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for impairment (1,666) 0
Cash flows from investing activities:    
Proceeds from sale of real estate investments 85,885 93,727
Parent Company [Member]    
Proceeds from Issuance of Unsecured Debt 0 248,160
Cash flows from operating activities:    
Net income 105,334 129,004
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 119,721 109,249
Amortization of deferred loan cost and debt premium 7,242 7,404
(Accretion) and amortization of above and below market lease intangibles, net (2,296) (1,250)
Share-based Compensation 7,554 8,379
Stock-based compensation, net of capitalization 2,561 2,196
Equity in income of investments in real estate partnerships (46,618) (17,991)
Gain on sale of real estate, net of tax (22,997) (34,215)
Provision for impairment (1,666) 0
Early extinguishment of debt (13,943) 61
(Payments for) Proceeds from Settlement of Derivative Instrument 0 (7,267)
Distribution of earnings from operations of investments in real estate partnerships (39,765) (34,527)
Deferred compensation expense 1,249 (610)
Realized and unrealized loss (gain) on investments (1,268) 189
Increase (Decrease) in Restricted Cash for Operating Activities 84 (1,534)
Changes in assets and liabilities:    
Accounts receivable, net (4,269) (4,408)
Straight-line rent receivables, net (4,894) (6,274)
Deferred leasing costs (7,841) (8,268)
Other assets (59) (2,257)
Accounts payable and other liabilities 12,607 10,230
Tenants’ security, escrow deposits and prepaid rent (1,406) (1,152)
Net cash provided by operating activities 217,349 216,763
Cash flows from investing activities:    
Acquisition of operating real estate (333,220) (42,983)
Payments for Deposits on Real Estate Acquisitions 1,250 (2,250)
Real estate development and capital improvements (146,773) (150,967)
Proceeds from sale of real estate investments 83,675 93,727
Payments for (Proceeds from) Loans Receivable 0 (1,000)
Investments in real estate partnerships (13,127) (18,644)
Proceeds from Equity Method Investment, Dividends or Distributions, Return of Capital 52,536 15,014
Dividends on investment securities 189 128
Acquisition of securities (53,290) (25,675)
Proceeds from sale of securities 54,176 22,296
Net cash used in investing activities (354,584) (108,354)
Cash flows from financing activities:    
Net proceeds from common stock issuance 549,545 946
Proceeds from sale of treasury stock 957 51
Distributions to limited partners in consolidated partnerships, net (3,126) (2,352)
Distributions to exchangeable operating partnership unit holders (229) (223)
Dividends paid to common stockholders (149,049) (136,008)
Dividends paid to preferred stockholders (15,797) (15,797)
Proceeds from unsecured credit facilities 395,000 445,000
Repayment of unsecured credit facilities (295,000) (305,000)
Proceeds from notes payable 20,223 3,325
Repayments of Notes Payable (41,584) (76,027)
Scheduled principal payments (4,462) (4,384)
Payment of loan costs (1,954) (5,996)
Payments of Debt Extinguishment Costs (13,214) 0
Net cash provided by (used in) financing activities 141,281 (198,305)
Repayments of Unsecured Debt 300,000 350,000
Payments for Repurchase of Common Stock 29 0
Cash and cash equivalents at beginning of the period 36,856 113,776
Cash and cash equivalents at end of the period 40,902 23,880
Net increase (decrease) in cash and cash equivalents 4,046 (89,896)
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of capitalized interest of $2,622 and $5,403 in 2016 and 2015, respectively) 54,904 71,734
Income Taxes Paid 0 871
Supplemental disclosure of non-cash transactions:    
Noncash or Part Noncash Acquisition, Debt Assumed 0 42,799
Change in fair value of derivative instruments (25,338) (10,845)
Common stock issued for dividend reinvestment plan 804 966
Contributions from limited partners in consolidated partnerships, net 8,674 13
Common stock issued for dividend reinvestment in trust 556 631
Contribution of stock awards into trust 1,513 1,633
Distribution of stock held in trust 4,096 1,898
Unrealized Gain (Loss) on Securities 90 (73)
Deconsolidation of previously consolidated partnership [Abstract]    
Deconsolidation of consolidated partnership, Real estate, net 14,075 0
Deconsolidation of consolidated partnership, Return of capital (3,355) 0
Deconsolidation of consolidated partnership, Mortgage Notes Payable (9,415) 0
Deconsolidation of consolidated partnership, Other assets and liabilities 640 0
Deconsolidation of consolidated partnership, Noncontrolling Interest (2,099) 0
Partnership Interest [Member]    
Proceeds from Issuance of Unsecured Debt 0 248,160
Cash flows from operating activities:    
Net income 105,334 129,004
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 119,721 109,249
Amortization of deferred loan cost and debt premium 7,242 7,404
(Accretion) and amortization of above and below market lease intangibles, net (2,296) (1,250)
Share-based Compensation 7,554 8,379
Stock-based compensation, net of capitalization 2,561 2,196
Equity in income of investments in real estate partnerships (46,618) (17,991)
Gain on sale of real estate, net of tax (22,997) (34,215)
Provision for impairment (1,666) 0
Early extinguishment of debt (13,943) 61
(Payments for) Proceeds from Settlement of Derivative Instrument 0 (7,267)
Distribution of earnings from operations of investments in real estate partnerships (39,765) (34,527)
Deferred compensation expense 1,249 (610)
Realized and unrealized loss (gain) on investments (1,268) 189
Increase (Decrease) in Restricted Cash for Operating Activities 84 (1,534)
Changes in assets and liabilities:    
Accounts receivable, net (4,269) (4,408)
Straight-line rent receivables, net (4,894) (6,274)
Deferred leasing costs (7,841) (8,268)
Other assets (59) (2,257)
Accounts payable and other liabilities 12,607 10,230
Tenants’ security, escrow deposits and prepaid rent (1,406) (1,152)
Net cash provided by operating activities 217,349 216,763
Cash flows from investing activities:    
Acquisition of operating real estate (333,220) (42,983)
Payments for Deposits on Real Estate Acquisitions 1,250 (2,250)
Real estate development and capital improvements (146,773) (150,967)
Proceeds from sale of real estate investments 83,675 93,727
Payments for (Proceeds from) Loans Receivable 0 (1,000)
Investments in real estate partnerships (13,127) (18,644)
Proceeds from Equity Method Investment, Dividends or Distributions, Return of Capital 52,536 15,014
Dividends on investment securities 189 128
Acquisition of securities (53,290) (25,675)
Proceeds from sale of securities 54,176 22,296
Net cash used in investing activities (354,584) (108,354)
Cash flows from financing activities:    
Net proceeds from common units issued as a result of common stock issued by Parent Company 549,545 946
Proceeds from sale of treasury stock 957 51
Distributions to limited partners in consolidated partnerships, net (3,126) (2,352)
Dividends paid to common stockholders (149,278) (136,231)
Dividends paid to preferred stockholders (15,797) (15,797)
Proceeds from unsecured credit facilities 395,000 445,000
Repayment of unsecured credit facilities (295,000) (305,000)
Proceeds from notes payable 20,223 3,325
Repayments of Notes Payable (41,584) (76,027)
Scheduled principal payments (4,462) (4,384)
Payment of loan costs (1,954) (5,996)
Payments of Debt Extinguishment Costs (13,214) 0
Net cash provided by (used in) financing activities 141,281 (198,305)
Repayments of Unsecured Debt 300,000 350,000
Payments for Repurchase of Common Stock 29 0
Cash and cash equivalents at beginning of the period 36,856 113,776
Cash and cash equivalents at end of the period 40,902 23,880
Net increase (decrease) in cash and cash equivalents 4,046 (89,896)
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of capitalized interest of $2,622 and $5,403 in 2016 and 2015, respectively) 54,904 71,734
Income Taxes Paid 0 871
Supplemental disclosure of non-cash transactions:    
Change in fair value of derivative instruments (25,338) (10,845)
Common stock issued for dividend reinvestment plan 804 966
Contributions from limited partners in consolidated partnerships, net 8,674 13
Non-controlling interest recorded, fair value 0 0
Common stock issued for dividend reinvestment in trust 556 631
Contribution of stock awards into trust 1,513 1,633
Distribution of stock held in trust 4,096 1,898
Unrealized Gain (Loss) on Securities 90 (73)
Deconsolidation of previously consolidated partnership [Abstract]    
Deconsolidation of consolidated partnership, Real estate, net 14,075 0
Deconsolidation of consolidated partnership, Return of capital (3,355) 0
Deconsolidation of consolidated partnership, Mortgage Notes Payable (9,415) 0
Deconsolidation of consolidated partnership, Other assets and liabilities 640 0
Deconsolidation of consolidated partnership, Noncontrolling Interest $ (2,099) $ 0