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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
Cash flows from operating activities:      
Net loss $ (72,578) $ (94,707) $ (115,409)
Adjustments to reconcile net loss to net cash provided by operating activities (including discontinued operations):      
Depreciation and amortization 238,020 248,089 258,592
Provision for impairment of investment properties 39,981 23,057 64,700
Impairment of marketable securities 0 0 24,831
Impairment of notes receivable 0 0 17,322
Gain on sales of investment properties, net (30,415) (23,421) (26,383)
Gain on extinguishment of debt, net (16,705) 0 0
Loss on lease terminations 8,714 13,826 13,735
Amortization of loan fees, mortgage debt premium and discount on debt assumed, net 6,834 11,701 13,804
Equity in loss (income) of unconsolidated joint ventures, net 6,437 (2,025) 11,299
Distributions on investments in unconsolidated joint ventures 2,218 5,721 4,176
Recognized gain on sale of marketable securities, net (277) (4,007) (42,870)
Payment of leasing fees (10,786) (6,172) (5,048)
Changes in accounts receivable, net 4,915 8,336 1,467
Changes in accounts payable and accrued expenses, net (813) 13,313 11,136
Changes in other operating assets and liabilities, net (6,618) (9,662) 15,699
Other, net 5,680 23 2,786
Net cash provided by operating activities 174,607 184,072 249,837
Cash flows from investing activities:      
Proceeds from sale of marketable securities 359 8,629 125,088
Changes in restricted escrows, net 673 (22,967) (38,680)
Purchase of investment properties (16,555) (651) (20,031)
Capital expenditures and tenant improvements (32,509) (34,547) (20,747)
Proceeds from sales of investment properties 195,948 144,675 172,007
Investment in developments in progress (3,288) (3,219) (15,297)
Investment in unconsolidated joint ventures (50,030) (3,589) (2,879)
Distributions of investments in unconsolidated joint ventures 12,563 0 0
Return of escrowed funds from unconsolidated joint venture 0 65,240 0
Other, net 310 829 (5,755)
Net cash provided by investing activities 107,471 154,400 193,706
Cash flows from financing activities:      
(Payoff of) proceeds from margin debt related to marketable securities, net (2,476) 10,017 (56,340)
Proceeds from mortgages and notes payable 91,579 737,890 974,938
Principal payments on mortgages and notes payable (678,071) (1,050,997) (1,158,195)
Proceeds from secured credit facility 574,764 90,000 30,000
Payoff of secured credit facility (174,111) (42,653) (148,000)
Payment of loan fees and deposits (12,316) (11,498) (31,376)
Distributions paid, net of DRP (71,754) (50,654) (47,651)
Repayment of other financings 0 (3,410) (55,999)
Proceeds from co-venture obligation 0 0 50,000
Other, net (3,897) (442) 3,817
Net cash used in financing activities (276,282) (321,747) (438,806)
Net increase in cash and cash equivalents 5,796 16,725 4,737
Cash and cash equivalents, at beginning of period 130,213 125,904 121,167
Cash decrease due to deconsolidation of variable interest entity 0 (12,416) 0
Cash and cash equivalents, at end of period 136,009 130,213 125,904
Supplemental cash flow disclosure, including non-cash activities:      
Cash paid for interest, net of interest capitalized 227,887 248,576 222,573
Distributions payable 31,448 26,851 15,657
Distributions reinvested 44,296 32,731 37,302
Accrued capital expenditures and tenant improvements 4,878 0 0
Developments in progress placed in service 25,651 28,312 35,126
Forgiveness of mortgage debt 15,798 50,831 0
Shares of common stock returned as a result of litigation settlement 0 3,600 0
Purchase of investment properties (after credits at closing):      
Land, building and other improvements, net (12,546) (651) (20,031)
Acquired lease intangibles and other assets (4,547) 0 0
Acquired below market lease intangibles and other liabilities 538 0 0
Total purchase of investment properties after credits (16,555) (651) (20,031)
Proceeds from sales of investment properties:      
Land, building and other improvements, net 217,700 259,308 288,635
Acquired lease intangibles and other assets 10,142 (4,697) 23,397
Mortgages and notes payable assumption (60,000) (97,888) (160,489)
Forgiveness of mortgage debt 0 (31,756) 0
Acquired below market lease intangibles and other liabilities (5,805) (3,713) (5,919)
Deferred gains 2,505 0 0
Gain on extinguishment of debt 991 0 0
Gain on sales of investment properties, net 30,415 23,421 26,383
Proceeds from sales of investment properties 195,948 144,675 172,007
Deconsolidation of variable interest entity:      
Investment in unconsolidated joint ventures 0 7,230 0
Other assets, net 0 (6,386) 0
Accounts payable and accrued expenses 0 124 0
Other liabilities 0 7,186 0
Noncontrolling interests 0 4,262 0
Cash decrease due to deconsolidation of variable interest entity $ 0 $ 12,416 $ 0