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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 income $ 58,423 $ 33,374 $ 39,093
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 58,014 50,349 52,403
Amortization of deferred financing costs 5,583 4,354 3,877
Non-cash interest expense related to amortization of discount on exchangeable senior notes 1,761 1,664 2,239
Gain on repurchase of exchangeable senior notes     (27,928)
Compensation expense related to stock-based awards 5,757 4,580 3,809
Non-cash unrecovered development and acquisition costs     19,011
Loss on sublease   2,000  
Distributions from real estate ventures in excess of earnings 7,008 6,722 5,968
Changes in operating assets and liabilities:      
Receivables from related parties and affiliated real estate joint ventures (8,634) 3,011 (12,347)
Other assets 7,533 (1,676) (6,584)
Accounts payable and accrued expenses 9,837 1,856 (1,675)
Other liabilities (1,118) (1,419) 3,299
Net cash provided by operating activities 144,164 104,815 81,165
Cash flows from investing activities:      
Acquisition of real estate assets (194,959) (69,588) (38,185)
Development and construction of real estate assets (7,060) (36,062) (67,301)
Proceeds from sale of real estate assets     4,652
Proceeds from sale of properties to joint venture   15,750  
Investments in real estate ventures (4,088) (9,699) (3,246)
Return of investment in real estate ventures 4,614 8,802 1,315
Change in restricted cash 4,730 9,036 (497)
Purchase of affiliated joint venture note receivable, net of principal payments received (50,140)    
Purchase of equipment and fixtures (5,016) (1,945) (1,148)
Net cash used in investing activities (251,919) (83,706) (104,410)
Cash flows from financing activities:      
Proceeds from the sale of common stock, net of offering costs 112,349    
Repurchase of exchangeable senior notes     (87,734)
Proceeds from notes payable and lines of credit 475,487 191,062 442,560
Principal payments on notes payable and lines of credit (452,347) (252,400) (212,515)
Deferred financing costs (6,197) (4,160) (8,716)
Investments from other noncontrolling interests   87  
Redemption of Operating Partnership units held by noncontrolling interest (271) (4,116) (1,908)
Net proceeds from exercise of stock options 18,622 5,661  
Dividends paid on common stock (52,027) (34,964) (32,800)
Distributions to noncontrolling interests (8,127) (7,479) (7,664)
Net cash provided by (used in) financing activities 87,489 (106,309) 91,223
Net increase (decrease) in cash and cash equivalents (20,266) (85,200) 67,978
Cash and cash equivalents, beginning of the period 46,750 131,950 63,972
Cash and cash equivalents, end of the period 26,484 46,750 131,950
Supplemental schedule of cash flow information      
Interest paid, net of amounts capitalized 61,726 60,100 64,175
Income taxes paid 665 6,539 4,292
Deconsolidation of joint ventures due to application of Accounting Standards Codification 810:      
Real estate assets, net   (42,739)  
Investments in real estate ventures   404  
Receivables from related parties and affiliated real estate joint ventures   21,142  
Other assets and other liabilities   (51)  
Notes payable   21,348  
Other noncontrolling interests   (104)  
Redemption of Operating Partnership units held by noncontrolling interests for common stock:      
Noncontrolling interests in Operating Partnership 2,344   3,583
Common stock and paid-in capital (2,344)   (3,583)
Tax effect from vesting of restricted stock grants and stock option exercises      
Other assets 2,199 836 (414)
Paid-in capital (2,199) (836) 414
Acquisitions of real estate assets      
Real estate assets, net 137,177 25,963  
Notes payable assumed (132,327) (25,963)  
Notes payable issued to seller 4,850    
Change in receivables from related parties and affiliated real estate joint ventures due to consolidation of joint venture properties     $ 18,568