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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Document Fiscal Year Focus 2016    
Cash flows from operating activities:      
Net income $ 166,992 $ 152,543 $ 188,847
Adjustments to reconcile net income to net cash provided by operating activities:      
Equity in income of investments in real estate partnerships (56,518) (22,508) (31,270)
Provision for impairment 1,700    
Cash flows from investing activities:      
Proceeds from sale of real estate investments 137,479 108,822 118,787
Cash flows from financing activities:      
Dividends, Preferred Stock, Cash 21,062 21,062 21,062
Parent Company [Member]      
Cash flows from operating activities:      
Net income 166,992 152,543 188,847
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 162,327 146,829 147,791
Amortization of deferred loan cost and debt premium 9,762 9,677 10,521
Amortization and (accretion) of above and below market lease intangibles, net (3,879) (1,598) (3,101)
Stock-based compensation, net of capitalization 10,652 11,081 9,662
Equity in income of investments in real estate partnerships (56,518) (22,508) (31,270)
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain 0 0 18,271
Gain Loss On Sale Of Properties Including Discontinued Operations (47,321) (35,606) (55,077)
Provision for impairment 4,200 0 1,257
Early extinguishment of debt 14,240 8,239 18
Proceeds from Equity Method Investment, Dividends or Distributions 50,361 46,646 42,767
(Payments for) Proceeds from Settlement of Derivative Instrument 0 (7,267) 4,648
Gain on derivative instruments 0 0 (13)
Deferred compensation expense 1,655 207 1,386
Net Realized and Unrealized Gain (Loss) on Trading Securities 1,673 626 9,158
Changes in assets and liabilities:      
Increase (Decrease) in Restricted Cash for Operating Activities 59 1,926 848
Accounts receivable, net (9,565) (11,965) (6,225)
Straight-line rent receivable, net (7,219) (8,231) (6,544)
Deferred leasing costs (10,349) (12,949) (8,252)
Other assets 673 (496) 89
Accounts payable and other liabilities 5,543 (3,810) 6,201
Tenants’ security and escrow deposits and prepaid rent (564) 3,545 1,618
Net cash provided by operating activities 289,376 275,637 277,742
Cash flows from investing activities:      
Acquisition of operating real estate (333,220) (42,983) (112,120)
Payments for (Proceeds from) Deposits on Real Estate Acquisitions 750 2,250 0
Real estate development and capital improvements (234,598) (205,103) (238,237)
Proceeds from sale of real estate investments 135,269 108,822 118,787
Payments for (Proceeds from) Loans Receivable 0 1,719 0
Investments in real estate partnerships (37,879) (20,054) (23,577)
Proceeds from Equity Method Investment, Dividends or Distributions, Return of Capital 58,810 23,801 37,152
Payments for (Proceeds from) Other Investing Activities 330 243 243
Acquisition of securities (55,223) (31,941) (23,760)
Proceeds from sale of securities 57,590 28,400 31,222
Net cash used in investing activities (409,671) (139,346) (210,290)
Cash flows from financing activities:      
Proceeds from Issuance of Common Stock 548,920 198,494 102,453
Proceeds from sale of treasury stock 957 0 0
Payments for Repurchase of Common Stock 29 0 0
Redemption of preferred stock and partnership units 0 0 (300)
Proceeds from (Payments to) Noncontrolling Interests (4,213) (5,341) (5,303)
Payments of Ordinary Dividends, Noncontrolling Interest (307) (299) (300)
Dividends paid to common stockholders (201,029) (181,392) (172,600)
Dividends paid to preferred stockholders (21,062) (21,062) (21,062)
Dividends, Preferred Stock, Cash 21,062 21,062 21,062
Repayment of fixed rate unsecured notes (300,000) (450,000) (150,000)
Proceeds from Issuance of Unsecured Debt 0 248,160 248,705
Proceeds from unsecured credit facilities 460,000 445,000 255,000
Repayment of unsecured credit facilities (345,000) (355,000) (255,000)
Proceeds from notes payable 53,446 4,316 12,739
Repayment of notes payable (72,803) (76,168) (38,717)
Repayments of Secured Debt 5,860 5,878 6,909
Payment of loan costs (2,233) (5,998) (3,066)
Payments of Debt Extinguishment Costs (14,092) (8,043) 0
Net cash provided by (used in) financing activities 96,695 (213,211) (34,360)
Net decrease in cash and cash equivalents (23,600) (76,920) 33,092
Cash and cash equivalents at beginning of the period 36,856 113,776 80,684
Cash and cash equivalents at end of the period 13,256 36,856 113,776
Supplemental disclosure of cash flow information:      
Cash paid for interest (net of capitalized interest of $000, $6,078, and $3,686 in 2014, 2013, and 2012, respectively) 82,950 101,527 109,425
Income Taxes Paid 0 1,015 2,169
Supplemental disclosure of non-cash transactions:      
Stock Issued During Period, Value, Conversion of Units 0 0 137
Mortgage loans assumed for the acquisition of real estate 0 42,799 103,187
Unrealized Gain (Loss) on Securities 24 (43) 0
Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Fair Value 0 0 15,385
Acquisition of previously unconsolidated real estate 0 0 16,182
Change in fair value of derivative instruments (10,332) (9,012) (49,968)
Stock Issued During Period, Value, Dividend Reinvestment Plan 1,070 1,250 1,184
Contributions from limited partners in consolidated partnerships, net 8,755 13 1,579
Common stock issued for dividend reinvestment in trust 728 833 779
Stock-based compensation capitalized 2,963 2,988 2,707
Contribution of stock awards into trust 1,538 1,651 1,881
Distribution of stock held in trust 4,114 1,898 4
Deconsolidation of consolidated partnership, Real estate, net 14,144 0 0
Deconsolidation of consolidated partnership, Return of capital (3,355) 0 0
Deconsolidation of consolidated partnership, Mortgage Notes Payable (9,415) 0 0
Deconsolidation of consolidated partnership, Other assets and liabilities 571 0 0
Deconsolidation of consolidated partnership, Noncontrolling Interest (2,099) 0 0
Partnership Interest [Member]      
Cash flows from operating activities:      
Net income 166,992 152,543 188,847
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 162,327 146,829 147,791
Amortization of deferred loan cost and debt premium 9,762 9,677 10,521
Amortization and (accretion) of above and below market lease intangibles, net (3,879) (1,598) (3,101)
Stock-based compensation, net of capitalization 10,652 11,081 9,662
Equity in income of investments in real estate partnerships (56,518) (22,508) (31,270)
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain 0 0 18,271
Gain Loss On Sale Of Properties Including Discontinued Operations (47,321) (35,606) (55,077)
Provision for impairment 4,200 0 1,257
Early extinguishment of debt 14,240 8,239 18
Deferred income tax expense (benefit) of taxable REIT subsidiary 0 0 0
Proceeds from Equity Method Investment, Dividends or Distributions 50,361 46,646 42,767
(Payments for) Proceeds from Settlement of Derivative Instrument 0 (7,267) 4,648
Gain on derivative instruments 0 0 (13)
Deferred compensation expense 1,655 207 1,386
Net Realized and Unrealized Gain (Loss) on Trading Securities 1,673 626 9,158
Changes in assets and liabilities:      
Increase (Decrease) in Restricted Cash for Operating Activities 59 1,926 848
Accounts receivable, net (9,565) (11,965) (6,225)
Straight-line rent receivable, net (7,219) (8,231) (6,544)
Deferred leasing costs (10,349) (12,949) (8,252)
Other assets 673 (496) 89
Accounts payable and other liabilities 5,543 (3,810) 6,201
Tenants’ security and escrow deposits and prepaid rent (564) 3,545 1,618
Net cash provided by operating activities 289,376 275,637 277,742
Cash flows from investing activities:      
Acquisition of operating real estate (333,220) (42,983) (112,120)
Payments for (Proceeds from) Deposits on Real Estate Acquisitions 750 2,250 0
Real estate development and capital improvements (234,598) (205,103) (238,237)
Proceeds from sale of real estate investments 135,269 108,822 118,787
Payments for (Proceeds from) Loans Receivable 0 1,719 0
Investments in real estate partnerships (37,879) (20,054) (23,577)
Proceeds from Equity Method Investment, Dividends or Distributions, Return of Capital 58,810 23,801 37,152
Payments for (Proceeds from) Other Investing Activities 330 243 243
Acquisition of securities (55,223) (31,941) (23,760)
Proceeds from sale of securities 57,590 28,400 31,222
Net cash used in investing activities (409,671) (139,346) (210,290)
Cash flows from financing activities:      
Net proceeds from common units issued as a result of common stock issued by Parent Company 548,920 198,494 102,453
Proceeds from sale of treasury stock 957 0 0
Payments for Repurchase of Common Stock 29 0 0
Redemption of preferred stock and partnership units 0 0 (300)
Proceeds from (Payments to) Noncontrolling Interests (4,213) (5,341) (5,303)
Dividends paid to common stockholders (201,336) (181,691) (172,900)
Dividends paid to preferred stockholders (21,062) (21,062) (21,062)
Repayment of fixed rate unsecured notes (300,000) (450,000) (150,000)
Proceeds from Issuance of Unsecured Debt 0 248,160 248,705
Proceeds from unsecured credit facilities 460,000 445,000 255,000
Repayment of unsecured credit facilities (345,000) (355,000) (255,000)
Proceeds from notes payable 53,446 4,316 12,739
Repayment of notes payable (72,803) (76,168) (38,717)
Repayments of Secured Debt 5,860 5,878 6,909
Payment of loan costs (2,233) (5,998) (3,066)
Payments of Debt Extinguishment Costs (14,092) (8,043) 0
Net cash provided by (used in) financing activities 96,695 (213,211) (34,360)
Net decrease in cash and cash equivalents (23,600) (76,920) 33,092
Cash and cash equivalents at beginning of the period 36,856 113,776 80,684
Cash and cash equivalents at end of the period 13,256 36,856 113,776
Supplemental disclosure of cash flow information:      
Cash paid for interest (net of capitalized interest of $000, $6,078, and $3,686 in 2014, 2013, and 2012, respectively) 82,950 101,527 109,425
Supplemental disclosure of non-cash transactions:      
Stock Issued During Period, Value, Conversion of Units 0 0 137
Mortgage loans assumed for the acquisition of real estate 0 42,799 103,187
Unrealized Gain (Loss) on Securities 24 (43) 0
Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Fair Value 0 0 15,385
Acquisition of previously unconsolidated real estate 0 0 16,182
Change in fair value of derivative instruments (10,332) (9,012) (49,968)
Stock Issued During Period, Value, Dividend Reinvestment Plan 1,070 1,250 1,184
Contributions from limited partners in consolidated partnerships, net 8,755 13 1,579
Common stock issued for dividend reinvestment in trust 728 833 779
Stock-based compensation capitalized 2,963 2,988 2,707
Contribution of stock awards into trust 1,538 1,651 1,881
Distribution of stock held in trust 4,114 1,898 4
Deconsolidation of consolidated partnership, Real estate, net 14,144 0 0
Deconsolidation of consolidated partnership, Return of capital (3,355) 0 0
Deconsolidation of consolidated partnership, Mortgage Notes Payable (9,415) 0 0
Deconsolidation of consolidated partnership, Other assets and liabilities 571 0 0
Deconsolidation of consolidated partnership, Noncontrolling Interest (2,099) 0 0
Common Stock | Parent Company [Member]      
Cash flows from financing activities:      
Proceeds from Issuance of Common Stock     102,453
Supplemental disclosure of non-cash transactions:      
Stock Issued During Period, Value, Conversion of Units     0
Stock Issued During Period, Value, Dividend Reinvestment Plan $ 1,070 $ 1,250 $ 1,184