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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net (loss) income $ (5.9) $ 1.6
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Net gain on sale of real estate, net (44.2) (34.8)
Depreciation and amortization 45.5 49.1
Above/below and straight-line rent amortization (3.7) (2.0)
Provision for deferred income taxes (0.1) (0.1)
Amortization of deferred loan costs 2.2 2.6
Amortization of discount and accretion of premium on issuance of the senior notes and investment debt 0.2 0.2
Unrealized net (gain) loss on derivatives (1.9) 0.2
Income from unconsolidated investments (10.9) (41.7)
Operating distributions from unconsolidated investments 15.7 12.0
Deferred compensation 1.5 0.9
Share-based compensation 8.6 10.4
Change in assets and liabilities:    
Accounts receivable 1.2 9.9
Other assets (8.5) (6.2)
Accounts payable, accrued expenses and other liabilities (36.3) (27.2)
Net cash used in operating activities (36.6) (25.1)
Cash flows from investing activities:    
Proceeds from collection of loans 33.0 0.0
Issuance of loans (6.3) (0.4)
Net proceeds from sale of consolidated real estate 182.0 177.3
Capital expenditures to real estate (37.5) (56.9)
Additions to non refundable escrow deposits 0.0 (5.0)
Proceeds from settlement of foreign derivative contracts 32.5 0.0
Additions to development project asset 0.0 (1.2)
Proceeds from development project asset 2.3 1.7
Distributions from unconsolidated investments 79.3 5.6
Contributions to unconsolidated investments (45.3) (20.3)
Net cash provided by investing activities 240.0 100.8
Cash flows from financing activities:    
Borrowings under mortgage debt 22.7 296.9
Repayment of mortgage debt (51.6) (251.4)
Payment of debt issue costs (4.3) (2.1)
Repurchase and retirement of common stock (25.6) (7.9)
Common dividends paid (31.6) (30.3)
Preferred dividends paid (3.3) 0.0
Issuance (repayment) of shareholder loans to noncontrolling interests 0.3 (10.7)
Contributions from noncontrolling interests 0.3 5.3
Distributions to noncontrolling interests (0.2) (122.7)
Net cash used in financing activities (93.3) (122.9)
Effect of currency exchange rate changes on cash and cash equivalents (18.4) 2.1
Net change in cash and cash equivalents [1] 91.7 (45.1)
Cash and cash equivalents, beginning of period 573.9 488.0
Cash and cash equivalents, end of period 665.6 442.9
Supplemental cash flow information:    
Interest [2],[3] 22.9 26.2
Income taxes 2.0 3.4
Supplemental disclosure of non-cash investing and financing activities:    
Accrued capital expenditures 0.2 9.8
Common dividends declared but not paid on common stock 31.6 30.3
Preferred dividends declared but not paid on preferred stock $ 4.3 $ 0.0
[1] See discussion of non-cash effects in the supplemental cash flow information.
[2] $1.1 million and $1.1 million attributable to noncontrolling interests for the three months ended March 31, 2020 and 2019, respectively.
[3] Excludes $0.9 million and $1.0 million of capitalized interest for the three months ended March 31, 2020 and 2019, respectively.