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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net income$ 1,358,767$ 395,196
Adjustments to reconcile net income to net cash generated from operating activities:  
Depreciation and amortization596,469510,521
Amortization of leasehold interests in land included in rental expense33,33330,690
Amortization of deferred financing costs and original issue discount35,05929,885
Amortization of deferred gain and rent(7,182)(3,870)
Non-cash change in deferred proceeds from sale of The Shoppes at The Palazzo754 
Loss on modification or early retirement of debt 3,756
Impairment and loss on disposal of assets8,87956,634
Stock-based compensation expense47,24242,552
Provision for doubtful accounts92,50772,986
Foreign exchange losses3,0131,183
Deferred income taxes69,21958,042
Non-cash contribution from Principal Stockholder included in corporate expense 317
Changes in operating assets and liabilities:  
Accounts receivable(502,848)(219,592)
Inventories(1,287)(479)
Prepaid expenses and other1,628(6,371)
Leasehold interests in land(22,980)(17,199)
Accounts payable(10,217)16,912
Accrued interest payable(23,319)(3,920)
Income taxes payable80,4978,052
Other accrued liabilities169,639232,703
Net cash generated from operating activities1,929,1731,207,998
Cash flows from investing activities:  
Changes in restricted cash and cash equivalents590,096(836,805)
Capital expenditures(1,087,605)(1,650,264)
Proceeds from disposal of property and equipment5,4875,951
Acquisition of intangible assets(100)(44,599)
Purchases of investments (173,774)
Proceeds from investments 173,774
Net cash used in investing activities(492,122)(2,525,717)
Cash flows from financing activities:  
Proceeds from exercise of stock options22,4126,396
Proceeds from exercise of warrants9,6625
Dividends paid to preferred stockholders(57,957)(70,050)
Distributions to noncontrolling interests(7,806) 
Proceeds from long-term debt (Note 3) 1,399,157
Repayments on long-term debt (Note 3)(399,403)(2,524,602)
Repurchase of preferred stock(64,949) 
Payments of preferred stock inducement premium(16,494) 
Payments of deferred financing costs(6,076)(65,823)
Net cash used in financing activities(520,611)(1,254,917)
Effect of exchange rate on cash(1,946)11,932
Increase (decrease) in cash and cash equivalents914,494(2,560,704)
Cash and cash equivalents at beginning of period3,037,0814,955,416
Cash and cash equivalents at end of period3,951,5752,394,712
Supplemental disclosure of cash flow information:  
Cash payments for interest, net of amounts capitalized203,183205,343
Cash payments for taxes, net of refunds(5,582)175
Changes in construction payables(161,295)(207,574)
Non-cash investing and financing activities:  
Capitalized stock-based compensation costs6922,187
Property and equipment acquired under capital lease 3,549
Accumulated but undeclared dividend requirement on preferred stock issued to Principal Stockholder's family6,8546,854
Accretion to redemption value of preferred stock issued to Principal Stockholder's family69,40869,408
Acquisition of remaining shares of noncontrolling interest 2,345
Disposition of interest in majority owned subsidiary829 
Warrants exercised and settled through tendering of preferred stock$ 66,625$ 4