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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash Flows From Operating Activities    
Net income $ 48,242 $ 50,504
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 79,351 81,378
Amortization of non-cash items within interest expense 3,069 487
Amortization of acquired above- and below-market leases, net (2,719) (2,548)
Amortization of acquired below-market ground leases 3,916 3,916
Straight-lining of rental revenue (11,662) (13,396)
Equity based compensation 9,211 6,967
Unrealized loss from derivative financial instruments 0 (6,003)
Increase (decrease) in cash flows due to changes in operating assets and liabilities:    
Security deposits (4,278) 2,487
Tenant and other receivables 6,601 (1,452)
Deferred leasing costs (10,349) (12,766)
Prepaid expenses and other assets 2,351 (1,489)
Accounts payable and accrued expenses (2,691) (10,909)
Deferred revenue and other liabilities (11,355) (4,832)
Net cash provided by operating activities 109,687 92,344
Cash Flows From Investing Activities    
Short-term investments (400,000) 0
Development costs (1) (27)
Additions to building and improvements (98,567) (103,614)
Net cash used in investing activities (498,568) (103,641)
Cash Flows From Financing Activities    
Proceeds from mortgage notes payable 160,000 315,000
Repayment of mortgage notes payable (264,771) (342,703)
Proceeds from unsecured revolving credit facility and term loan 335,000 0
Proceeds from the sale of common stock 4,749 0
Deferred financing costs (1,902) (4,508)
Private perpetual preferred unit distributions (468) (468)
Dividends paid to common stockholders (34,792) (33,118)
Distributions paid to non-controlling interests in the operating partnership (28,616) (29,822)
Net cash provided by (used in) financing activities 169,200 (95,619)
Net decrease in cash and cash equivalents and restricted cash (219,681) (106,916)
Cash and cash equivalents and restricted cash—beginning of period 530,197 615,885
Cash and cash equivalents and restricted cash—end of period 310,516 508,969
Reconciliation of Cash and Cash Equivalents and Restricted Cash:    
Cash and cash equivalents at beginning of period 464,344 554,371
Restricted cash at beginning of period 65,853 61,514
Cash and cash equivalents at end of period 251,797 440,958
Restricted cash at end of period 58,719 68,011
Supplemental disclosures of cash flow information:    
Cash paid for interest 35,956 35,751
Cash paid for income taxes 2,703 3,014
Non-cash investing and financing activities:    
Building and improvements included in accounts payable and accrued expenses 96,439 72,363
Derivative instruments at fair values included in prepaid expenses and other assets 6,018 0
Derivative instruments at fair values included in accounts payable and accrued expenses 0 11,947
Conversion of operating partnership units and Class B shares to Class A shares $ 25,845 $ 9,134