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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Mar. 31, 2021
Dec. 31, 2020
Mar. 31, 2020
Cash flows from operating activities:            
Net income $ 142,234 $ 168,006        
Adjustments to reconcile net income to cash provided by operating activities:            
Depreciation expense 183,297 177,911        
Amortization of deferred financing costs 1,837 1,882        
Amortization of debt discount 642 411        
Gain (Loss) on Extinguishment of Debt 122 (9,170)        
Amortization of stock-based compensation 5,382 5,338        
Equity in loss of, and return on, unconsolidated real estate entities and noncontrolling interests, net of eliminations 1,994 1,871        
Abandonment of development pursuits 246 1,988        
Unrealized Gain (Loss) on Derivatives (2,654) 0 $ 2,894      
Derivative Instruments, Loss Reclassified from Accumulated OCI into Income, Effective Portion 2,367 1,949        
Gain (Loss) on Sale of Properties (54,154) (24,479)        
Gain (Loss) on Sale of Other Investments (131) (4,903)        
Increase (Decrease) in Prepaid Expense and Other Assets 9,423 (1,239)        
Increase (Decrease) in Accrued Liabilities 39,784 3,799        
Net Cash Provided by (Used in) Operating Activities, Total 330,145 341,704        
Cash flows from investing activities:            
Payments to Develop Real Estate Assets (198,373) (245,789)        
Payments for Capital Improvements (28,020) (32,922)        
Payments for Capital Improvements, Non Real Estate (2,234) (10,663)        
Increase (Decrease) in Construction Payables (8,655) 462        
Proceeds from Sale of Real Estate Held-for-investment 76,543 63,073        
Proceeds from Sale of Other Real Estate 13,569 98,790        
Payments to Acquire Mortgage Notes Receivable 0 (179)        
Proceeds from Sale and Collection of Notes Receivable 1,250 960        
Payments to Acquire Businesses and Interest in Affiliates (10,032) (9,799)        
Net Cash Provided by (Used in) Investing Activities, Total (155,952) (136,067)        
Cash flows from financing activities:            
Proceeds from Issuance of Common Stock 11 125        
Payments of Ordinary Dividends (222,734) (213,671)        
Proceeds from Unsecured Lines of Credit 0 750,000        
Proceeds from Secured Notes Payable 0 51,000        
Repayments of Notes Payable (28,488) (51,484)        
Proceeds from Unsecured Notes Payable 0 699,252        
Repayments of Unsecured Debt 0 (658,655)        
Payments of Financing Costs 0 (5,988)        
Payments for (Proceeds from) Hedge, Financing Activities 6,962 (20,314)        
Proceeds from (Payments to) Noncontrolling Interests (22) (35)        
Payment, Tax Withholding, Share-based Payment Arrangement (13,228) (14,346)        
Payments of Capital Distribution (12) (12)        
Payments of Distributions to Affiliates (82) (102)        
Payment For Redemption Of Preferred Interest Obligation (400) (600)        
Net Cash Provided by (Used in) Financing Activities, Total (257,993) 535,170        
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total (83,800) 740,807        
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning Balance 313,532 127,614 127,614      
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Ending Balance 229,732 868,421 313,532      
Cash paid during the period for interest, net of amount capitalized 37,252 36,985        
Supplemental Cash Flow Information [Abstract]            
Cash and cash equivalents       $ 129,298 $ 216,976 $ 777,995
Cash in escrow       100,434 96,556 90,426
Cash, cash equivalents and cash in escrow reported in the Condensed Consolidated Statements of Cash Flows $ 229,732 $ 868,421 $ 127,614 $ 229,732 $ 313,532 $ 868,421