XML 18 R8.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net income $ 55,726 $ 123,089
Adjustments to reconcile net income to net cash provided by operating activities:    
Loss (gain) on sale or write down of assets, net 514 (37,234)
Depreciation and amortization 246,038 253,793
Amortization of premium on mortgage notes payable (696) (2,799)
Amortization of share and unit-based plans 22,644 25,159
Straight-line rent adjustment (8,963) (7,502)
Amortization of above and below-market leases (2,461) (408)
Provision for doubtful accounts 3,787 3,806
Income tax benefit (1,799) (178)
Equity in income of unconsolidated joint ventures (51,330) (56,772)
Distributions of income from unconsolidated joint ventures 1,664 0
Change in fair value of financing arrangement obligation (9,279) 0
Co-venture expense 0 11,150
Changes in assets and liabilities, net of dispositions:    
Tenant and other receivables 2,579 838
Other assets 7,143 11,743
Due from affiliates (5,508) (13,004)
Accounts payable and accrued expenses 6,692 11,263
Other accrued liabilities (19,590) (23,094)
Net cash provided by operating activities 247,161 299,850
Cash flows from investing activities:    
Development, redevelopment, expansion and renovation of properties (133,325) (90,758)
Property improvements (32,858) (34,425)
Proceeds from repayment of notes receivable 829 628
Deferred leasing costs (23,792) (25,045)
Distributions from unconsolidated joint ventures 541,336 226,152
Contributions to unconsolidated joint ventures (179,060) (80,332)
Proceeds from sale of assets 83,029 168,471
Net cash provided by investing activities 256,159 164,691
Cash flows from financing activities:    
Proceeds from mortgages, bank and other notes payable 295,000 510,000
Payments on mortgages, bank and other notes payable (457,710) (424,439)
Deferred financing costs (275) (2,586)
Payment of finance deposits 0 8,600
Proceeds from share and unit-based plans 806 986
Stock repurchases 0 (221,428)
Redemption of noncontrolling interests (719) (909)
Accrued development costs included in accounts payable and accrued expenses and other accrued liabilities 16 0
Dividends and distributions (339,443) (328,733)
Distributions to co-venture partner 0 (11,005)
Net cash used in financing activities (502,325) (486,714)
Net increase (decrease) in cash, cash equivalents and restricted cash 995 (22,173)
Cash, cash equivalents and restricted cash, beginning of period 143,105 143,997
Cash, cash equivalents and restricted cash, end of period 144,100 121,824
Supplemental cash flow information:    
Cash payments for interest, net of amounts capitalized 142,680 124,686
Non-cash investing and financing transactions:    
Accrued development costs included in accounts payable and accrued expenses and other accrued liabilities 48,827 30,706
Mortgage notes payable assumed in exchange for investments in unconsolidated joint ventures 139,249 0
Disposition of property in exchange for investments in unconsolidated joint ventures 36,305 0
Conversion of Operating Partnership Units to common stock $ 75 $ 15,195