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COMBINED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 1,078  
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 223,658  
Unrealized (gains) losses on interest rate swaps (49,497)  
Straight-lining of rental income (49,859)  
Realized and unrealized gains, net, on real estate fund investments (15,363)  
Income from unconsolidated joint ventures (4,444)  
Distributions of income from unconsolidated joint ventures 3,102  
Amortization of above and below-market leases, net (3,239)  
Amortization of deferred financing costs 1,754  
Realized and unrealized losses (gains) on marketable securities 1,087  
Non-cash stock based compensation expense 6,224  
Other non-cash adjustments 5,100  
Changes in operating assets and liabilities:    
Restricted cash (11,290)  
Real estate fund investments 2,357  
Accounts and other receivables (4,621)  
Deferred charges (18,754)  
Other assets (21,441)  
Accounts payable and accrued expenses (8,343)  
Deferred income taxes (301)  
Other liabilities 1,008  
Net cash provided by (used in) operating activities 58,216  
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions of, and additions to, rental properties (68,484)  
Changes in restricted cash (26,971)  
Distributions of capital from unconsolidated joint ventures 19  
Net cash used in investing activities (95,436)  
CASH FLOWS FROM FINANCING ACTIVITIES:    
Contributions from noncontrolling interests 133,111  
Dividends paid to common shareholders and unitholders (60,396)  
Distributions to noncontrolling interests (54,975)  
Repayment of mortgage notes and loans payable (1,024)  
Net cash (used in) provided by financing activities 16,716  
Net decrease in cash and cash equivalents (20,504)  
Cash and cash equivalents at beginning of period 438,599  
Cash and cash equivalents at end of period 418,095  
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash payments for interest 119,278  
Cash payments for income taxes, net of refunds 1,968  
NON-CASH TRANSACTIONS:    
Dividends and distributions declared but not yet paid 25,066  
Change in value of forward interest rate swap 18,602  
Additions to real estate included in accounts payable and accrued expenses 12,028  
(Purchases) sale of marketable securities $ (1,293)  
Predecessor [Member]    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income   $ 108,859
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization   8,548
Unrealized (gains) losses on interest rate swaps   673
Straight-lining of rental income   135
Realized and unrealized gains, net, on real estate fund investments   (123,150)
Income from unconsolidated joint ventures   (3,812)
Distributions of income from unconsolidated joint ventures   2,039
Amortization of deferred financing costs   325
Realized and unrealized losses (gains) on marketable securities   (1,082)
Other non-cash adjustments   5,371
Changes in operating assets and liabilities:    
Restricted cash   (2,214)
Real estate fund investments   (34,515)
Accounts and other receivables   (12,377)
Deferred charges   600
Other assets   (980)
Accounts payable and accrued expenses   (2,523)
Profit sharing payable   (2,689)
Deferred income taxes   15,904
Other liabilities   6
Net cash provided by (used in) operating activities   (40,882)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions of, and additions to, rental properties   (65,637)
Changes in restricted cash   (12)
Distributions of capital from unconsolidated joint ventures   1,329
Net cash used in investing activities   (64,320)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Contributions from noncontrolling interests   213,812
Dividends paid to common shareholders and unitholders   (53,206)
Distributions to noncontrolling interests   (139,282)
Repayment of mortgage notes and loans payable   (1,877)
Contributions from Predecessor shareholders   9,188
Proceeds from loans payable to noncontrolling interests   39,075
Offering costs   (15,063)
Net cash (used in) provided by financing activities   52,647
Net decrease in cash and cash equivalents   (52,555)
Cash and cash equivalents at beginning of period   307,161
Cash and cash equivalents at end of period   254,606
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash payments for interest   17,000
Cash payments for income taxes, net of refunds   6,039
NON-CASH TRANSACTIONS:    
(Purchases) sale of marketable securities   $ 6,681