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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash Flows — Operating Activities    
Net income $ 114,732 $ 15,839
Adjustments to net income:    
Depreciation and amortization, including intangible assets and deferred financing costs 57,557 33,803
Income from equity investments in real estate and the Managed REITs in excess of distributions received (1,222) (991)
Straight-line rent and amortization of rent-related intangibles 10,497 4,459
Amortization of deferred revenue (786) (2,359)
(Gain) loss on sale of real estate (3,176) 931
Unrealized gain on derivative instruments and others (1,583) (1,002)
Realized loss on extinguishment of debt and others 2,301 100
Management and disposition income received in shares of Managed REITs (8,207) (9,942)
Gain on change in control of interests (103,361) 0
Impairment charges 0 3,279
Stock-based compensation expense 7,043 9,149
Deferred acquisition revenue received 6,469 8,561
Increase in structuring revenue receivable (8,121) (1,437)
Increase in income taxes, net (9,735) (4,144)
Decrease (increase) in prepaid taxes 2,659 (15,721)
Payments for withholding taxes upon delivery of equity-based awards and exercises of stock options (15,882) (9,332)
Net changes in other operating assets and liabilities (5,489) (13,718)
Net Cash Provided by Operating Activities 43,696 17,475
Cash Flows — Investing Activities    
Cash paid to stockholders of CPA®:16 – Global in the CPA®:16 Merger (1,338) 0
Cash acquired in connection with the CPA®:16 Merger 65,429 0
Distributions received from equity investments in real estate and the Managed REITs in excess of equity income 7,970 11,955
Capital contributions to equity investments (453) (1,418)
Purchases of real estate and equity investments in real estate (40,986) (71,131)
Capital expenditures (5,494) (1,826)
Proceeds from sale of real estate and equity investments 105,095 11,065
Purchase of securities for the defeasance of debt (7,664) 0
Proceeds from repayment of short-term loans 1,080 0
Funds placed in escrow (40,395) (27,128)
Funds released from escrow 44,041 50,749
Other investing activities, net 334 0
Net Cash Provided by (Used in) Investing Activities 127,619 (27,734)
Cash Flows — Financing Activities    
Distributions paid (68,159) (45,746)
Contributions from noncontrolling interests 123 2,463
Distributions paid to noncontrolling interests (6,131) (9,232)
Purchase of treasury stock from related party (678) 0
Scheduled payments of mortgage principal (16,711) (67,192)
Prepayments of mortgage principal (116,816) (35,420)
Proceeds from mortgage financing 5,110 99,000
Proceeds from senior credit facility and unsecured term loan 901,383 55,000
Repayments of senior credit facility (1,280,000) (10,000)
Proceeds from issuance of senior unsecured notes 498,195 0
Payment of financing costs and mortgage deposits, net of deposits refunded (11,894) (570)
(Return) receipt of tenant security deposits (428) 43
Proceeds from exercise of stock options 91 25
Windfall tax benefit associated with stock-based compensation awards 5,449 10,764
Net Cash Used in Financing Activities (90,466) (865)
Change in Cash and Cash Equivalents During the Period    
Effect of exchange rate changes on cash 579 (1,216)
Net increase (decrease) in cash and cash equivalents 81,428 (12,340)
Cash and cash equivalents, beginning of period 117,519 123,904
Cash and cash equivalents, end of period $ 198,947 $ 111,564