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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash flows from operating activities:      
Net income $ 139,590 $ 57,516 $ 50,782
Adjustments to reconcile net income to net cash provided by operating activities:      
Gain on sale of marketable securities (819) (4,956) (12,491)
Gain on remeasurement of co-investment (21,947) 0 0
Entity's share of gain on the sales of co-investment (29,112) (919) 0
Gain on the sales of real estate (10,870) (8,562) 0
Loss on early retirement of debt 5,009 1,163 10
Co-investments 1,626 7,929 1,715
Amortization expense 11,644 11,474 4,828
Amortization of discount on notes receivables (1,832) (1,757) (4,806)
Amortization of discount on marketable securities (5,127) (4,794) (3,714)
Loss on derivative instruments - ineffectiveness 0 0 2,301
Depreciation 170,686 152,542 129,711
Equity-based compensation 4,141 2,927 3,251
Changes in operating assets and liabilities:      
Prepaid expenses and other assets (9,488) (1,172) (2,771)
Accounts payable and accrued liabilities 12,360 3,620 4,302
Other liabilities 1,638 1,560 2,412
Net cash provided by operating activities 267,499 216,571 175,530
Additions to real estate:      
Acquisitions of real estate (393,771) (57,478) (279,607)
Improvements to recent acquisitions (13,704) (16,446) (6,388)
Redevelopment (40,200) (45,130) (14,096)
Revenue generating capital expenditures (7,620) (7,616) (1,584)
Non-revenue generating capital expenditures (30,491) (26,090) (29,278)
Acquisition of and additions to real estate under development (29,196) (79,194) (155,267)
Acquisition of membership interest in co-investment (85,000) 0 0
Dispositions of real estate 27,800 23,003 0
Changes in restricted cash and refundable deposits (6,069) (1,376) (4,414)
Purchases of marketable securities (73,735) (8,048) (49,974)
Sales and maturities marketable securities 61,703 32,998 102,039
Proceeds from tax investor 0 0 1,223
Purchases of and advances under notes and other receivables (26,000) (12,325) (37,627)
Collections of notes and other receivables 14,525 884 1,855
Contributions to co-investments (260,153) (246,106) (79,450)
Non-operating distributions from co-investments 49,773 17,141 41,700
Net cash used in investing activities (812,138) (425,783) (510,868)
Cash flows from financing activities:      
Borrowings under debt agreements 1,745,853 1,514,684 1,214,216
Repayment of debt (1,371,317) (1,435,135) (882,646)
Additions to deferred charges (6,707) (5,533) (4,109)
Payments to settle derivative instruments 0 (2,395) (81,282)
Retirement of exchangeable bonds 0 0 (5,396)
Net proceeds from issuance of Preferred stock, Series H 0 71,209 0
Retirement of Series B preferred units and Series F Preferred stock 0 (103,800) 0
Equity related issuance cost (309) (627) 0
Net proceeds from stock options exercised 2,643 6,986 4,765
Net proceeds from issuance of common stock 357,720 323,931 251,455
Contributions from noncontrolling interest 2,400 0 4,038
Distributions to noncontrolling interest (16,691) (16,963) (24,795)
Redemption of noncontrolling interest (6,986) (5,387) (24,186)
Common and preferred stock dividends paid (156,250) (138,622) (123,629)
Net cash provided by financing activities 550,356 208,348 328,431
Net increase (decrease) in cash and cash equivalents 5,717 (864) (6,907)
Cash and cash equivalents at beginning of year 12,889 13,753 20,660
Cash and cash equivalents at end of year 18,606 12,889 13,753
Supplemental disclosure of cash flow information:      
Cash paid for interest, net of $10,346, $8,240, and $9,486 capitalized in 2012, 2011 and 2010, respectively 95,597 89,691 83,497
Supplemental disclosure of noncash investing and financing activities:      
Transfer from real estate under development to rental properties 6,632 165,214 170,940
Transfer from co investments to rental properties 148,053 0 0
Mortgage notes assumed in connection with purchases of real estate including the loan premiums recorded 82,133 20,927 87,336
Transfer from real estate under development to co investments 0 54,472 0
Note receivable settled when the company purchased the property securing the note receivable 0 0 25,750
Contribution of note receivable to co-investment 12,325 0 0
Change in accrual of dividends 5,441 3,206 2,655
Change in fair value of derivative liabilities 4,461 230 1,907
Change in fair value of marketable securities 459 2,836 6,670
Change in construction payable $ 1,113 $ 2,518 $ 1,304