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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Operating Activities      
Net income $ 677,122 $ 319,156 $ 71,665
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 292,311 240,445 235,200
Equity in net income from unconsolidated joint ventures (1,583) (39,607) (62,878)
Distributions of cumulative earnings from unconsolidated joint ventures 11,185 27,472 40,677
Equity in net gain on sale of interest in unconsolidated joint venture interest/ real estate (2,918) (128,921) (6,691)
Purchase price fair value adjustment (498,195)    
Depreciable real estate reserves 5,789 2,750  
(Gain) loss on sale of discontinued operations (46,085) (35,485) 6,841
Gain on sale of debt securities (19,840)    
Loan loss and other investment reserves, net of recoveries 6,722 17,751 150,510
(Gain) loss on investments in marketable securities (4,866) (490) 396
(Gain) loss on early extinguishment of debt (904) 1,900 (86,006)
Deferred rents receivable (87,230) (47,223) (26,267)
Other non-cash adjustments 2,385 (749) (2,534)
Changes in operating assets and liabilities:      
Restricted cash - operations (681) 4,513 16,219
Tenant and other receivables (4,720) 271 11,026
Related party receivables 2,461 2,398 (894)
Deferred lease costs (38,412) (42,035) (21,202)
Other assets 4,029 4,860 (28,863)
Accounts payable, accrued expenses and other liabilities 10,704 (3,706) (14,761)
Deferred revenue and land leases payable 5,586 (2,242) (7,227)
Net cash provided by operating activities 312,860 321,058 275,211
Investing Activities      
Acquisitions of real estate property (446,756) (270,614) (16,059)
Additions to land, buildings and improvements (159,100) (108,145) (90,971)
Escrowed cash - capital improvements/acquisition deposits 29,281 (40,215) (5,318)
Investments in unconsolidated joint ventures (109,920) (87,844) (107,716)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 112,359 52,920 38,846
Net proceeds from disposition of real estate/joint venture interest 160,548 623,121 27,946
Other investments 12,186 32,607 (47,719)
Debt and preferred equity and other investments, net of repayments/participations (338,195) (183,015) (144,388)
Net cash (used in) provided by investing activities (739,597) 18,815 (345,379)
Financing Activities      
Proceeds from mortgages and other loans payable 826,000 168,360 192,399
Repayments of mortgages and other loans payable (765,378) (149,832) (169,688)
Proceeds from revolving credit facility and senior unsecured notes 1,901,068 670,992 30,433
Repayments of revolving credit facility and senior unsecured notes (2,043,144) (1,046,626) (646,317)
Proceeds from stock options exercised and DRIP issuance 10,211 14,535 619
Net proceeds from sale of common stock 516,168   387,138
Net proceeds from sale of preferred stock   122,041  
Purchases of treasury stock (5,486)    
Distributions to noncontrolling interests in other partnerships (143,578) (13,489) (19,617)
Contributions from noncontrolling interests in other partnerships   2,788  
Redemption of noncontrolling interests in operating partnership   (13,012)  
Distributions to noncontrolling interests in operating partnership (727) (511) (2,170)
Dividends paid on common and preferred stock (63,866) (58,984) (78,321)
Other obligations related to mortgage loan participations 35,850    
Deferred loan costs and capitalized lease obligation (35,019) (47,020) (7,482)
Net cash provided by (used in) financing activities 232,099 (350,758) (313,006)
Net decrease in cash and cash equivalents (194,638) (10,885) (383,174)
Cash and cash equivalents at beginning of period 332,830 343,715 726,889
Cash and cash equivalents at end of period 138,192 332,830 343,715
Supplemental cash flow disclosures      
Interest paid 275,106 222,904 257,393
Income taxes paid $ 138 $ 1,041 $ 818