Supplemental Cash Flow Information

9 Months Ended

Sep. 30, 2018

Supplemental Cash Flow Elements [Abstract]

Supplemental Cash Flow Information

NOTE 12. SUPPLEMENTAL CASH FLOW INFORMATION

Our significant noncash investing and financing activities for the nine months ended September 30, 2018 and 2017 included the following:

• We completed the DCT Transaction on August 22, 2018 for $8.5 billion through the issuance of equity and the assumption of debt. See Note 2 for more information on this transaction.

• We capitalized $19.9 million and $20.8 million in 2018 and 2017, respectively, of equity-based compensation expense resulting from our development and leasing activities.

• We received $232.2 million and $83.6 million in 2018 and 2017, respectively, of ownership interests in certain unconsolidated co-investment ventures as a portion of our proceeds from the contribution of properties to these entities, as disclosed in Note 3.

• We formed a consolidated joint venture into which our partner contributed $11.8 million of land in 2018.

• 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 OP.

• We contributed operating properties owned by NAIF to USLF in the third quarter of 2017. 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 paid $188.0 million and $232.4 million for interest, net of amounts capitalized, for the nine months ended September 30, 2018 and 2017, respectively.

We paid $37.2 million and $29.7 million for income taxes, net of refunds, for the nine months ended September 30, 2018 and 2017, respectively.