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Consolidated Statements of Cash Flows (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash Flows from Operating Activities:  
Net income$ 643,013$ 425,887
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation and amortization (including amortization of deferred financing costs)414,992419,638
Equity in net income of partially owned entities, including ToysRUs(137,033)(116,109)
Net (gain) loss on extinguishment of debt(83,907)1,796
Mezzanine loans loss (reversal) accrual and net gain on disposition(82,744)6,900
Distributions of income from partially owned entities75,61236,829
Net gain on sales of real estate(51,623)0
Amortization of below-market leases, net(49,988)(49,144)
Straight-lining of rental income(38,262)(55,581)
Loss (income) from the mark-to-market of J.C. Penney derivative position27,136(32,249)
Other non-cash adjustments20,26136,058
Unrealized gain on Real Estate Fund assets(19,209)0
Net gain on disposition of wholly owned and partially owned assets(7,975)(12,759)
Litigation loss accrual and impairment losses015,197
Changes in operating assets and liabilities:  
Real Estate Fund Investments(97,785)(62,500)
Accounts receivable, net11,292(6,468)
Prepaid assets(68,558)(45,104)
Other assets(43,413)(59,614)
Accounts payable and accrued expenses32,22778,153
Other liabilities22,63513,791
Net cash provided by operating activities566,671594,721
Cash Flows from Investing Activities:  
Investments in partially owned entities(440,865)(159,053)
Distributions of capital from partially owned entities274,28345,613
Proceeds from sales of real estate and related investments135,76248,998
Restricted cash121,463125,204
Additions to real estate(109,963)(98,789)
Proceeds from sales and repayments of mezzanine loans100,525109,594
Development costs and construction in progress(52,816)(86,871)
Investments in mezzanine loans receivable and other(44,215)(75,697)
Funding of collateral for J.C. Penney derivative(33,850)0
Return of derivative collateral28,7000
Proceeds from sales of marketable securities19,301126,015
Proceeds from maturing short-term investments040,000
Purchases of marketable securities0(13,917)
Acquisitions of real estate and other0(10,000)
Net cash (used in) provided by investing activities(1,675)51,097
Cash Flows from Financing Activities:  
Repayments of borrowings(2,666,610)(1,462,652)
Proceeds from borrowings2,184,1671,603,359
Distributions to Vornado(381,382)(354,937)
Proceeds from the issuance of Series J preferred units239,0370
Contributions from noncontrolling interests in consolidated subsidiaries109,60539,351
Distributions to redeemable security holders and noncontrolling interests(77,330)(41,055)
Distributions to preferred unitholders(43,675)(42,100)
Debt issuance and other costs(28,614)(14,942)
Purchase of outstanding preferred units(28,000)(48,600)
Proceeds received from exercise of employee unit options22,94712,192
Repurchase of Class A units related to stock compensation agreements and related tax withholdings(747)(25,659)
Net cash used in financing activities(670,602)(335,043)
Net (decrease) increase in cash and cash equivalents(105,606)310,775
Cash and cash equivalents at beginning of period690,789535,479
Cash and cash equivalents at end of period585,183846,254
Supplemental Disclosure of Cash Flow Information:  
Cash payments for interest (including capitalized interest of $0 and $875)388,938409,953
Cash payments for income taxes10,2995,348
Non-Cash Investing and Financing Activities:  
Change in unrealized net gain on securities available-for-sale(120,334)34,497
Adjustment to carry redeemable Class A units at redemption value114,628(232,099)
Class A units issued upon redemption of redeemable Class A units, at redemption value38,22062,606
Contribution of mezzanine loan receivable to a joint venture73,7500
Like-kind exchange of real estate(45,625)0
Extinguishment of a liability in connection with the acquisition of real estate020,500
Investment in J.C. Penney, Inc.0271,372
Decrease in assets and liabilities resulting from deconsolidation of discontinued operations:  
Assets related to discontinued operations(145,333)0
Liabilities related to discontinued operations(232,502)0
Write-off of fully depreciated assets(58,279)(50,785)
Toys R Us [Member]
  
Adjustments to reconcile net income to net cash provided by operating activities:  
Equity in net income of partially owned entities, including ToysRUs(80,794)(102,309)
All Equity Method Investees Excluding Toys [Member]
  
Adjustments to reconcile net income to net cash provided by operating activities:  
Equity in net income of partially owned entities, including ToysRUs$ (56,239)$ (13,800)