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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating Activities    
Net income $ (98,150) $ 63,438
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 141,035 121,091
Loss on early extinguishment of debt 0 189
Impairment of real estate 185,123 14,510
Equity in losses (earnings) of unconsolidated real estate joint ventures 543 (1,115)
Distributions of earnings from unconsolidated real estate joint ventures 181 648
Amortization of loan fees 5,712 5,723
Amortization of debt premiums/discounts (112) (182)
Amortization of acquired below-market leases (1,940) (1,939)
Deferred rent (14,568) (23,193)
Stock compensation expense 11,556 7,744
Investment gains (20,606) (13,710)
Investment losses 6,821 7,877
Changes in operating assets and liabilities:    
Restricted cash 232 110
Tenant receivables 1,277 1,243
Deferred leasing costs (13,858) (24,503)
Other assets (5,931) (4,921)
Accounts payable, accrued expenses, and tenant security deposits (25,207) (1,610)
Net cash provided by operating activities 172,108 151,400
Investing Activities    
Proceeds from sale of properties 16,905 92,455
Additions to real estate (363,061) (226,302)
Purchase of real estate 0 (137,493)
Deposits for investing activities (75) (15,501)
Investments in unconsolidated real estate joint ventures (5,946) (3,182)
Additions to investments (52,366) (52,738)
Sales of investments 21,543 22,474
Repayment of notes receivable 9,036 4,247
Net cash used in investing activities (373,964) (316,040)
Financing Activities    
Borrowings from secured notes payable 148,722 42,867
Repayments of borrowings from secured notes payable (233,168) (10,075)
Proceeds from issuance of unsecured senior notes payable 348,604 0
Borrowings from unsecured senior line of credit 1,486,000 915,000
Repayments of borrowings from unsecured senior line of credit (1,565,000) (595,000)
Repayment of unsecured senior bank term loan 0 (25,000)
Change in restricted cash related to financing activities 10,582 (1,520)
Payment of loan fees (7,927) (3,559)
Repurchase of Series D cumulative convertible preferred stock (59,310) 0
Proceeds from the issuance of common stock 367,802 5,052
Dividends on common stock (115,589) (106,603)
Dividends on preferred stock (12,086) (12,493)
Financing costs paid for sales of noncontrolling interests (8,093) 0
Contributions from and sale of noncontrolling interests 31,020 340
Distributions to and purchase of noncontrolling interests (57,998) (61,890)
Net cash provided by financing activities 333,559 147,119
Effect of foreign exchange rate changes on cash and cash equivalents (801) 127
Net increase in cash and cash equivalents 130,902 (17,394)
Cash and cash equivalents at beginning of period 125,098 86,011
Cash and cash equivalents at end of period 256,000 68,617
Supplemental Disclosure of Cash Flow Information    
Cash paid during the period for interest, net of interest capitalized 37,656 44,332
Non-Cash Investing Activities    
Change in accrued construction 59,871 (27,469)
Assumption of secured notes payable in connection with purchase of properties 0 (82,000)
Non-Cash Financing Activities:    
Redemption of redeemable noncontrolling interests (5,000) 0
Payable for purchase of noncontrolling interest $ 0 $ (52,672)