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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities:    
Net income (loss) $ 113.6 $ (3.9)
Adjustments to reconcile net income to net cash provided (used in) by operating activities:    
Net gain from sale of real estate (3.9) (1.7)
Acquisition-related gain (170.3) (9.5)
Depreciation and amortization 32.6 7.5
Provision for (benefit from) deferred income taxes 34.2 (1.8)
Amortization of deferred loan costs 1.6 1.1
Amortization of discount and accretion of premium on issuance of the senior notes and investment debt (1.2) (0.5)
Income from unconsolidated investments (34.1) (17.1)
Operating distributions from unconsolidated investments 57.7 17.9
Stock-based compensation 3.4 3.4
Change in assets and liabilities:    
Accounts receivable (15.8) (3.5)
Other assets (4.4) (8.1)
Accrued expenses and other liabilities 51.7 (7.7)
Net cash from (used in) operating activities 65.1 (23.9)
Cash flows from investing activities:    
Additions to loans (373.3) (14.3)
Collections of loans 18.7 33.6
Net proceeds from sale of real estate 15.0 9.0
Purchases of and additions to real estate (1,289.8) (108.3)
Proceeds from sale of marketable securities 0 10.0
Investment in marketable securities (6.9) 0
Distributions from unconsolidated investments 55.6 75.3
Contributions to unconsolidated investments (106.0) (200.5)
Net cash used in investing activities (1,686.7) (195.2)
Cash flows from financing activities:    
Borrowings under senior notes payable 297.2 0
Borrowings under line of credit 90.0 85.0
Repayment of line of credit (90.0) (55.0)
Borrowings under investment debt 295.2 68.3
Repayment of investment debt (14.0) (0.6)
Debt issue costs (11.3) (0.9)
Issuance of common stock 190.7 153.9
Repurchase and retirement of common stock (2.6) 0
Repurchase of warrants 0 (1.4)
Proceeds from the issuance of KWE shares, net 1,351.1 0
Dividends paid (18.1) [1] (9.1) [1]
Change in restricted cash (42.6) 0
Acquisition of KWE shares from noncontrolling interest holders (16.8) 0
Contributions from noncontrolling interests, excluding KWE 8.6 0.6
Distributions to noncontrolling interests (13.5) (0.2)
Net cash provided by financing activities 2,023.9 240.6
Effect of currency exchange rate changes on cash and cash equivalents 19.2 (2.7)
Net change in cash and cash equivalents 421.5 18.8
Cash and cash equivalents, beginning of period 178.2 120.9
Cash and cash equivalents, end of period 599.7 139.7
Supplemental cash flow information:    
Interest 34.7 23.3
Income taxes 0.1 2.3
Supplemental disclosure of non-cash investing and financing activities:    
Dividends declared on common stock $ 8.2 $ 5.2
[1] Common stock dividends were 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.