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Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income $ 682,948 $ 739,134
Adjustments to reconcile net income to net cash flows from operating activities:    
Gain on real estate investment sales (1,117) (341)
Depreciation and amortization 273,518 248,800
Equity in earnings of unconsolidated real estate entities (41,623) (36,586)
Distributions from cumulative equity in earnings of unconsolidated real estate entities 37,032 38,562
Foreign currency exchange loss (gain) 10,350 (2,573)
Share-based compensation expense 12,801 12,374
Other 28,165 15,815
Total adjustments 319,126 276,051
Net cash flows from operating activities 1,002,074 1,015,185
Cash flows from investing activities:    
Capital expenditures to maintain real estate facilities (99,883) (71,012)
Development and expansion of real estate facilities (88,682) (146,375)
Acquisition of real estate facilities and intangible assets (253,331) (196,185)
Distributions in excess of cumulative equity in earnings from unconsolidated real estate entities 10,803  
Repayment of note receivable 4,860  
Proceeds from sale of real estate investments 1,399 438
Net cash flows used in investing activities (424,834) (413,134)
Cash flows from financing activities:    
Repayments on notes payable (1,000) (948)
Issuance of notes payable, net of issuance costs 545,151 496,900
Issuance of preferred shares 549,170 276,723
Issuance of common shares 3,686 17,390
Redemption of preferred shares   (572,500)
Cash paid upon vesting of restricted share units (9,085) (10,011)
Acquisition of noncontrolling interests (33)  
Contributions by noncontrolling interests 1,433 1,302
Distributions paid to preferred shareholders, common shareholders and restricted share unitholders (804,593) (807,608)
Distributions paid to noncontrolling interests (2,550) (3,533)
Net cash flows from (used in) financing activities 282,179 (602,285)
Net cash flows from (used in) operating, investing, and financing activities 859,419 (234)
Net effect of foreign exchange translation (28) 46
Increase (decrease) in cash and equivalents, including restricted cash 859,391 (188)
Cash and equivalents, including restricted cash at beginning of the period:    
Cash and equivalents 409,743 361,218
Restricted cash included in other assets 23,811 22,801
Cash, equivalents, and restricted cash 433,554 384,019
Cash and equivalents, including restricted cash at end of the period:    
Cash and equivalents 1,268,475 360,331
Restricted cash included in other assets 24,470 23,500
Cash, equivalents, and restricted cash 1,292,945 383,831
Costs incurred during the period remaining unpaid at period end for:    
Capital expenditures to maintain real estate facilities (12,363) (12,635)
Construction or expansion of real estate facilities (26,763) (57,675)
Accrued and other liabilities 39,126 70,310
Real estate acquired in exchange for assumption of notes payable   (1,817)
Notes payable assumed in connection with acquisition of real estate   1,817
Preferred shares called for redemption and reclassified to liabilities 495,000  
Preferred shares called for redemption and reclassified from equity (495,000)  
Foreign currency translation adjustment:    
Investments in unconsolidated real estate entities 8,246 3,489
Notes payable 10,322 (2,527)
Accumulated other comprehensive loss $ (18,596) $ (916)