XML 74 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
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 Loss $ (2,519) $ (9,190) $ (221,619)
Adjustments to Reconcile Net Loss to Net Cash Provided by Operating Activities:      
Depreciation 100,074 95,931 104,175
Amortization of Deferred Financing Costs 3,460 3,963 3,473
Other Amortization 35,097 36,390 41,024
Impairment of Real Estate, Net 1,246 (2,661) 194,552
Provision for Bad Debt 542 1,110 1,880
Equity in Income of Joint Ventures (1,559) (980) (675)
Distributions from Joint Ventures 1,580 1,033 3,032
Gain on Sale of Real Estate (16,442) (21,789) (11,951)
Gain on Sale of Joint Venture Interests     (11,226)
Gain on Change in Control of Interests (776) (689)  
Loss from Retirement of Debt 9,684 5,459 4,304
Mark-to-Market Loss on Interest Rate Protection Agreements 328 1,718 1,107
Decrease (Increase) in Tenant Accounts Receivable, Prepaid Expenses and Other Assets, Net 3,770 (2,933) (1,580)
Increase in Deferred Rent Receivable (3,504) (7,733) (7,041)
Increase (Decrease) in Accounts Payable, Accrued Expenses, Other Liabilities, Rents Received in Advance and Security Deposits 10,791 (5,684) (9,411)
Decrease (Increase) in Restricted Cash   117 (15)
Payments of Premiums, Discounts and Prepayment Penalties Associated with Retirement of Debt (7,065) (6,528) (6,840)
Cash Book Overdraft 1,715    
Net Cash Provided by Operating Activities 136,422 87,534 83,189
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisitions of Real Estate (55,508) (5,277) (22,408)
Additions to Investment in Real Estate and Non-Acquisition Tenant Improvements and Lease Costs (83,222) (85,247) (67,328)
Net Proceeds from Sales of Investments in Real Estate 82,503 75,953 68,046
Contributions to and Investments in Joint Ventures (190) (155) (777)
Distributions and Sales Proceeds from Joint Venture Interests 90 650 11,519
Repayments of Notes Receivable 14,365 10,394 1,460
Increase in Lender Escrows (273) (97) (435)
Net Cash Used in Investing Activities (42,235) (3,779) (9,923)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Debt and Equity Issuance Costs (1,545) (7,162) (4,544)
Proceeds from the Issuance of Common Stock, Net of Underwriter's Discount 134,905 202,845 50,087
Repurchase and Retirement of Restricted Stock (2,690) (1,001) (298)
Preferred Dividends (23,258) (15,254) (19,677)
Redemption of Preferred Stock (50,000)    
Payments on Interest Rate Swap Agreement (1,144) (489) (450)
Proceeds from Origination of Mortgage Loans Payable 100,599 255,900 105,580
Repayments on Mortgage and Other Loans Payable (39,121) (71,983) (20,872)
Repayments of Senior Unsecured Notes (166,153) (234,307) (259,018)
Proceeds from Unsecured Credit Facility 339,000 390,500 69,097
Repayments on Unsecured Credit Facility (390,000) (618,553) (149,280)
Costs Associated with the Retirement of Debt     (1,008)
Net Cash Used in Financing Activities (99,407) (99,504) (230,383)
Net Effect of Exchange Rate Changes on Cash and Cash Equivalents 5 (61) 137
Net Decrease in Cash and Cash Equivalents (5,220) (15,749) (157,117)
Cash and Cash Equivalents, Beginning of Year 10,153 25,963 182,943
Cash and Cash Equivalents, End of Year $ 4,938 $ 10,153 $ 25,963