Supplemental Cash Flow Information

9 Months Ended

Sep. 30, 2017

Supplemental Cash Flow Elements [Abstract]

Supplemental Cash Flow Information

NOTE 11. SUPPLEMENTAL CASH FLOW INFORMATION

Our significant noncash investing and financing activities for the nine months ended September 30, 2017, and 2016 included the following:

• We contributed operating properties owned by NAIF to USLF in the third quarter of 2017. See Notes 2, 3 and 5 for more information on this transaction. As a result, we received $1.1 billion of ownership interest in USLF as a portion of our proceeds from this contribution. In addition, USLF assumed the $19.5 million note receivable backed by real estate we received in the second quarter of 2017 and $956.0 million of secured mortgage debt.

• We capitalized $20.8 million and $19.7 million in 2017 and 2016, respectively, of equity-based compensation expense resulting from our development and leasing activities.

• We issued 0.7 million shares in 2017 of the Parent’s common stock upon redemption of an equal number of common limited partnership units in the Operating Partnership, as disclosed in Note 6, and we issued 1.9 million shares in 2016.

• We received $83.6 million of ownership interests in certain unconsolidated co-investment ventures as a portion of our proceeds from the contribution of properties to these entities during 2017, as disclosed in Note 3. We received $31.8 million of ownership interests in an unconsolidated co-investment venture from the contribution of properties to these entities during 2016.

We paid $232.4 million and $267.2 million for interest, net of amounts capitalized, for the nine months ended September 30, 2017, and 2016, respectively.

We paid $29.7 million and $16.4 million for income taxes, net of refunds, for the nine months ended September 30, 2017, and 2016, respectively.