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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash flows from operating activities:    
Net loss $ (14,564) $ (58,749)
Adjustments to reconcile net loss to net cash provided by operating activities (including discontinued operations):    
Depreciation and amortization 174,389 179,452
Provision for impairment of investment properties 23,490 31,752
Gain on sales of investment properties (23,170) (22,849)
Gain on extinguishment of debt (3,879) (15,429)
Loss on lease terminations 6,590 8,172
Amortization of loan fees, mortgage debt premium and discount on debt assumed, net (2,633) 4,029
Equity in loss of unconsolidated joint ventures, net 5,467 6,028
Distributions on investments in unconsolidated joint ventures 4,301 1,073
Recognized gain on sale of marketable securities (16,373) (277)
Payment of leasing fees and inducements (38,140) (7,295)
Changes in accounts receivable, net 10,120 9,704
Changes in accounts payable and accrued expenses, net 7,634 (6,090)
Changes in other operating assets and liabilities, net (630) (6,097)
Other, net (947) 4,963
Net cash provided by operating activities 131,655 128,387
Cash flows from investing activities:    
Proceeds from sale of marketable securities 25,799 359
Changes in restricted escrows, net 21,099 (3,395)
Purchase of investment properties 0 (16,555)
Capital expenditures and tenant improvements (26,690) (20,205)
Proceeds from sales of investment properties 200,645 160,303
Investment in developments in progress (285) (2,441)
Investment in unconsolidated joint ventures (7,859) (9,557)
Distributions of investments in unconsolidated joint ventures 17,403 2,384
Other, net 21 214
Net cash provided by investing activities 230,133 111,107
Cash flows from financing activities:    
Repayments of margin debt related to marketable securities (7,541) (2,073)
Proceeds from mortgages and notes payable 281,874 70,476
Principal payments on mortgages and notes payable (765,729) (571,147)
Proceeds from credit facility 290,000 489,764
Repayments of credit facility (310,000) (174,111)
Payment of loan fees and deposits, net (7,433) (10,836)
Settlement of co-venture obligation (50,000) 0
Proceeds from issuance of common stock 272,081 0
Redemption of fractional shares of common stock (1,253) 0
Distributions paid, net of DRP (90,191) (52,561)
Other, net (2,182) (2,601)
Net cash used in financing activities (390,374) (253,089)
Net decrease in cash and cash equivalents (28,586) (13,595)
Cash and cash equivalents, at beginning of period 136,009 130,213
Cash and cash equivalents, at end of period 107,423 116,618
Supplemental cash flow disclosure, including non-cash activities:    
Cash paid for interest, net of interest capitalized 147,746 173,260
Distributions payable 38,200 0
Distributions reinvested 11,626 32,754
Accrued capital expenditures and tenant improvements 4,045 4,797
Developments in progress placed in service 929 25,651
Forgiveness of mortgage debt 27,449 14,438
Purchase of investment properties (after credits at closing):    
Land, building and other improvements, net 0 (12,546)
Acquired lease intangibles and other assets 0 (4,547)
Acquired below market lease intangibles and other liabilities 0 (538)
Purchase of investment properties after credits at closing 0 16,555
Proceeds from sales of investment properties:    
Land, building and other improvements, net 188,616 190,013
Accounts receivable, acquired lease intangibles and other assets 12,855 9,430
Accounts payable, acquired below market lease intangibles and other liabilities (108) (5,485)
Assumption of mortgage debt 0 (60,000)
Forgiveness of mortgage debt (23,570) 0
Deferred gains (318) 2,505
Gain on extinguishment of debt 0 991
Gain on sales of investment properties 23,170 22,849
Proceeds from sales of investment properties $ 200,645 $ 160,303