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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash Flows From Operating Activities      
Net (loss) income $ (24,368) $ 5,593 $ (7,919)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization (including deferred financing costs, above/below market leases, debt premium/discount, leasehold interests, deferred rent receivable, note receivable closing costs and discount, and lease inducements) 114,575 104,045 72,678
Share-based compensation expense 17,408 3,221 1,313
Bad debt expense 1,064 1,447 1,022
Change in fair value of derivative financial instruments 7,667 856 (6,095)
Changes in operating assets and liabilities:      
Accounts and other receivables (1,323) 2,424 (7,102)
Other assets (3,442) (5,388) (3,207)
Accounts payable and accrued liabilities 2,684 295 7,815
Accounts payable due to affiliates, net 0 0 (4,776)
Security deposits, prepaid rent and other liabilities 2,520 (686) 4,774
Net cash provided by operating activities 116,785 111,807 58,503
Cash Flows From Investing Activities      
Acquisition of real estate operating properties (257,386) (61,385) (597,097)
Capital expenditures (22,909) (16,034) (14,888)
Restricted cash, escrow deposits and notes receivable (4,830) (4,502) (12,614)
Release of restricted cash 580 14,463 0
Real estate deposits 0 0 (2,250)
Real estate deposits paid (3,810) (4,500) 0
Real estate deposits used 4,810 6,000 0
Net cash used in investing activities (283,545) (65,958) (626,849)
Cash Flows From Financing Activities      
Borrowings on secured real estate term loan and mortgage loans 0 125,500 79,125
Borrowings on unsecured revolving credit facility 360,000 0 7,000
Payments on unsecured revolving credit facility (288,000) (7,000) 0
Borrowings on unsecured term loans 455,000 0 0
Payments on fixed and variable rate mortgages (128,601) (192,083) (123,117)
Deferred financing costs (6,436) (3,401) (7,507)
Derivative financial instrument termination payments 0 0 (793)
Purchase of noncontrolling interest 0 0 (4,097)
Security deposits 765 596 2,144
Proceeds from issuance of common stock 0 214,641 594,677
Repurchase and cancellation of common stock, including the Tender Offer (182,602) (37,680) (51,856)
Payment of offering costs (2,884) (21,137) (56,621)
Distributions (93,273) (84,800) (60,176)
Payment on earnout liability (328) 0 0
Distributions to noncontrolling interest of limited partners (416) (264) (164)
Net cash provided by (used in) financing activities 113,225 (5,628) 378,615
Net change in cash and cash equivalents (53,535) 40,221 (189,731)
Cash and cash equivalents - beginning of period 69,491 29,270 219,001
Cash and cash equivalents - end of period $ 15,956 $ 69,491 $ 29,270