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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash Flows From Operating Activities    
Net loss $ (8,963) $ (23,599)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 155,339 143,609
Impairment charges 0 6,204
Amortization of non-cash items within interest expense 7,978 6,803
Amortization of acquired above- and below-market leases, net (5,615) (2,953)
Amortization of acquired below-market ground leases 5,873 5,873
Straight-lining of rental revenue (13,197) (5,878)
Equity based compensation 15,416 20,174
Settlement of derivative contract 0 (20,281)
Loss on early extinguishment of debt 214 86
Increase (decrease) in cash flows due to changes in operating assets and liabilities:    
Security deposits (4,366) 20,697
Tenant and other receivables (123) (431)
Deferred leasing costs (12,324) (8,241)
Prepaid expenses and other assets 18,660 14,680
Accounts payable and accrued expenses (1,285) (1,699)
Deferred revenue and other liabilities 9,420 8,509
Net cash provided by operating activities 167,027 163,553
Cash Flows From Investing Activities    
Development costs (41) (1,336)
Additions to building and improvements (70,719) (112,018)
Net cash used in investing activities (70,760) (113,354)
Cash Flows From Financing Activities    
Repayment of mortgage notes payable (3,053) (2,939)
Proceeds from unsecured senior notes 0 175,000
Proceeds from unsecured term loan 0 175,000
Repayment of unsecured term loan 0 (50,000)
Proceeds from unsecured revolving credit facility 0 550,000
Repayment of unsecured revolving credit facility 0 (550,000)
Deferred financing costs (7,559) (3,585)
Repurchases of common shares (10,043) (121,950)
Private perpetual preferred unit distributions (3,151) (3,147)
Dividends paid to common stockholders (12,124) (37,181)
Distributions paid to non-controlling interests in the operating partnership (7,309) (25,041)
Net cash (used in) provided by financing activities (43,239) 106,157
Net increase in cash and cash equivalents and restricted cash 53,028 156,356
Cash and cash equivalents and restricted cash—beginning of period 567,939 271,597
Cash and cash equivalents and restricted cash—end of period 620,967 427,953
Reconciliation of Cash and Cash Equivalents and Restricted Cash:    
Cash and cash equivalents at beginning of period 526,714 233,946
Restricted cash at beginning of period 41,225 37,651
Cash and cash equivalents at end of period 582,188 373,088
Restricted cash at end of period 38,779 54,865
Cash and cash equivalents and restricted cash 620,967 427,953
Supplemental disclosures of cash flow information:    
Cash paid for interest 58,208 57,170
Cash paid for income taxes 472 1,197
Non-cash investing and financing activities:    
Building and improvements included in accounts payable and accrued expenses 53,956 63,984
Write-off of fully depreciated assets 10,798 54,992
Derivative instruments at fair values included in accounts payable and accrued expenses 4,887 10,222
Conversion of operating partnership units and Class B shares to Class A shares 7,766 23,903
Issuance of Series 2019 private perpetual preferred in exchange for common shares $ 0 $ 789