XML 19 R8.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net income (loss) $ 19,100,000 $ (19,000,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 134,600,000 101,600,000
Non-cash interest expense 11,100,000 2,300,000
Stock-based compensation expense 8,500,000 10,500,000
Provision for bad debt 900,000 300,000
Asset impairments and loss on disposal 0 13,500,000
Change in operating assets and liabilities:    
Rent receivables and other assets (29,000,000) (16,900,000)
Accounts payable and accrued expenses 2,600,000 9,900,000
Deferred revenues (6,200,000) 800,000
Due to affiliates 0 (1,500,000)
Net cash provided by operating activities 141,600,000 101,500,000
Cash flows from investing activities:    
Capital expenditures – purchase of fixed assets (131,100,000) (17,300,000)
Capital expenditures – other development (425,400,000) (140,900,000)
Business acquisition, net of cash acquired 0 (398,400,000)
Changes in restricted cash 1,500,000 0
Net cash used in investing activities (555,000,000) (556,600,000)
Cash flows from financing activities:    
Issuance of common stock 448,600,000 799,300,000
Stock issuance costs (1,600,000) (800,000)
Acquisition of operating partnership units 0 (596,400,000)
Dividends paid (82,800,000) (58,300,000)
Borrowings from credit facility 530,000,000 220,000,000
Payments on credit facility (460,000,000) 0
Proceeds from issuance of debt 0 103,800,000
Payments on capital leases and lease financing arrangements (6,800,000) (3,800,000)
Payment of note payable (1,500,000) 0
Debt issuance costs (2,100,000) (5,400,000)
Tax payment upon exercise of equity awards (13,700,000) 0
Net cash provided by financing activities 410,100,000 458,400,000
Net increase (decrease) in cash and cash equivalents (3,300,000) 3,300,000
Cash and cash equivalents at beginning of period 14,300,000 36,500,000
Cash and cash equivalents at end of period 11,000,000 39,800,000
Supplemental disclosures    
Cash paid for interest, net of amount capitalized 33,400,000 21,400,000
Cash paid for income taxes 1,200,000 2,500,000
Capitalized interest 6,800,000 4,200,000
Non-cash investing and financing activities    
Acquisition and development of properties in accounts payable and other liabilities 117,700,000 37,900,000
Dividends payable 33,600,000 23,500,000
Debt issuance costs $ 0 $ 300,000