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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash Flows — Operating Activities    
Net income $ 211,303 $ 83,305
Adjustments to net income:    
Depreciation and amortization, including intangible assets and deferred financing costs 184,808 102,679
Gain on change in control of interests (104,645) 0
Straight-line rent and amortization of rent-related intangibles 35,229 15,684
Management income received in shares of Managed REITs and other (27,933) (26,709)
Gain on sale of real estate (24,188) (290)
Stock-based compensation expense 22,979 25,430
Impairment charges 6,291 6,366
Unrealized loss (gain) on foreign currency transactions, derivative instruments and other 3,128 (5,608)
Income from equity investments in real estate and the Managed REITs in excess of distributions received (1,915) (22,138)
Amortization of deferred revenue (786) (7,077)
Realized (gain) loss on extinguishment of debt and other (410) 36
Changes in assets and liabilities:    
Payments for withholding taxes upon delivery of equity-based awards and exercises of stock options (16,585) (11,484)
Decrease in income taxes, net (14,207) (13,673)
Increase in structuring revenue receivable (13,398) (3,967)
Deferred acquisition revenue received 12,693 13,496
Increase in prepaid taxes (1,196) (9,257)
Net changes in other operating assets and liabilities 5,986 (466)
Net Cash Provided by Operating Activities 277,154 146,327
Cash Flows — Investing Activities    
Proceeds from sale of real estate and equity investments 281,164 56,495
Purchases of real estate (246,593) (249,289)
Cash acquired in connection with the CPA®:16 Merger 65,429 0
Change in investing restricted cash (29,219) 27,673
Capital expenditures (27,714) (10,164)
Proceeds from repayment of short-term loan to affiliate 11,000 0
Funding of short-term loan to affiliate (11,000) (15,000)
Distributions received from equity investments in real estate and the Managed REITs in excess of equity income 10,057 32,982
Purchase of securities for the defeasance of debt (7,664) 0
Other investing activities, net 2,427 (5)
Cash paid to stockholders of CPA®:16 – Global in the CPA®:16 Merger (1,338) 0
Capital contributions to equity investments (468) (1,945)
Net Cash Provided by (Used in) Investing Activities 46,081 (159,253)
Cash Flows — Financing Activities    
Repayments of senior credit facility (1,395,000) (348,000)
Proceeds from senior credit facility and unsecured term loan 1,285,286 585,000
Proceeds from issuance of senior unsecured notes 498,195 0
Proceeds from issuance of shares in public offering 282,586 0
Distributions paid (248,918) (160,953)
Prepayments of mortgage principal (216,065) 0
Scheduled payments of mortgage principal (96,797) (160,763)
Distributions paid to noncontrolling interests (16,194) (20,427)
Proceeds from mortgage financing 12,330 113,000
Payment of financing costs and mortgage deposits, net of deposits refunded (12,187) (2,202)
Windfall tax benefit associated with stock-based compensation awards 5,449 11,614
Proceeds from exercise of stock options and employee purchase under the employee purchase plan 1,220 1,970
Purchase of treasury stock from related party (679) (40,000)
Change in financing restricted cash (589) (1,054)
Contributions from noncontrolling interests 502 2,830
Net Cash Provided by (Used in) Financing Activities 99,139 (18,985)
Change in Cash and Cash Equivalents During the Period    
Effect of exchange rate changes on cash (9,617) 1,627
Net increase (decrease) in cash and cash equivalents 412,757 (30,284)
Cash and cash equivalents, beginning of period 117,519 123,904
Cash and cash equivalents, end of period $ 530,276 $ 93,620