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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities:    
Net income (loss) $ 49.9 $ (2.6)
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Net (gain) loss from sale of real estate (1.6) (0.8)
Acquisition-related gain (84.2) (9.5)
Depreciation and amortization 7.3 3.1
Provision for (benefit from) deferred income taxes 8.8 (1.7)
Amortization of deferred loan costs 0.6 0.5
Amortization of discount and accretion of premium on issuance of the senior notes and mortgage loan payable (0.3) (0.2)
Income from unconsolidated investments (2.8) (2.2)
Operating distributions from unconsolidated investments 10.4 8.4
Stock-based compensation 1.7 1.8
Change in assets and liabilities:    
Accounts receivable (7.5) 0.4
Other assets (0.6) (2.1)
Accrued expenses and other liabilities (18.6) (22.7)
Net cash used in operating activities (36.9) (27.6)
Cash flows from investing activities:    
Additions to loans (158.6) (8.2)
Collections of loans 0.2 0
Net proceeds from sale of real estate 10.0 3.4
Purchases of and additions to real estate (367.7) (15.6)
Proceeds from sale of interest in an entity 0 26.7
Investment in marketable securities (4.5) 0
Distributions from unconsolidated investments 11.0 28.8
Contributions to unconsolidated investments 67.1 52.1
Net cash used in investing activities (576.7) (17.0)
Cash flows from financing activities:    
Borrowings under senior notes payable 297.2 0
Borrowings under line of credit 90.0 35.0
Repayment of line of credit (90.0) (35.0)
Borrowings under investment debt 195.8 0
Repayment of investment debt (5.5) (0.1)
Debt issue costs (9.6) (0.4)
Issuance of common stock 190.8 133.8
Repurchase and retirement of common stock (2.5) 0
Proceeds from the issuance of KWE shares, net 1,350.7 0
Dividends paid (7.8) [1] (7.1) [1]
Contributions from noncontrolling interests, excluding KWE 2.9 0
Distributions to noncontrolling interests (2.8) 0
Net cash provided by financing activities 2,009.2 126.2
Effect of currency exchange rate changes on cash and cash equivalents (0.7) (4.1)
Net change in cash and cash equivalents 1,394.9 77.5
Cash and cash equivalents, beginning of period 178.2 120.9
Cash and cash equivalents, end of period 1,573.1 198.4
Supplemental cash flow information:    
Interest 23.5 18.7
Income taxes 0 0
Supplemental disclosure of non-cash investing and financing activities:    
Dividends declared on common stock $ 8.2 $ 0
[1] Common stock dividends are declared at the end of each quarter and paid in the following quarter. The amount declared and not paid is accrued on the consolidated balance sheet.