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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net income $ 22,657 $ 13,104
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 27,677 24,621
Amortization of deferred financing costs 2,233 2,347
Non-cash interest expense related to amortization of discount on exchangeable senior notes 868 820
Compensation expense related to stock-based awards 2,711 2,402
Distributions from real estate ventures in excess of earnings 5,169 3,095
Changes in operating assets and liabilities:    
Receivables from related parties and affiliated real estate joint ventures 1,393 2,767
Other assets 4,960 (65)
Accounts payable and accrued expenses (1,498) (1,193)
Other liabilities (977) (1,827)
Net cash provided by operating activities 65,193 46,071
Cash flows from investing activities:    
Acquisition of real estate assets (82,071) (16,460)
Development and construction of real estate assets (4,494) (18,306)
Proceeds from sale of properties to joint venture   15,750
Investments in real estate ventures (3,405) (9,059)
Change in restricted cash (2,202) 5,509
Purchase of equipment and fixtures (3,463) (1,115)
Net cash used in investing activities (95,635) (23,681)
Cash flows from financing activities:    
Proceeds from the sale of common stock 112,532  
Proceeds from notes payable and lines of credit 264,686 104,093
Principal payments on notes payable and lines of credit (335,693) (210,647)
Deferred financing costs (3,200) (1,884)
Redemption of Operating Partnership units held by noncontrolling interest (271)  
Net proceeds from exercise of stock options 10,505 3,705
Dividends paid on common stock (25,575) (17,455)
Distributions to noncontrolling interests (Operating Partnership and other) (4,105) (3,798)
Net cash provided by (used in) financing activities 18,879 (125,986)
Net decrease in cash and cash equivalents (11,563) (103,596)
Cash and cash equivalents, beginning of the period 46,750 131,950
Cash and cash equivalents, end of the period 35,187 28,354
Supplemental schedule of cash flow information    
Interest paid, net of amounts capitalized 31,533 31,723
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 2,344  
Acquisitions of real estate assets    
Real estate assets, net 8,660 6,475
Notes payable $ (8,660) $ (6,475)