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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows from Operating Activities:    
Net income $ 7,000 $ 2,715
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 63,089 65,156
Straight-lining of rental revenue (11,578) (13,244)
Amortization of stock-based compensation expense 7,602 6,265
Amortization of above and below-market leases, net (3,276) (4,420)
Amortization of deferred financing costs 2,801 2,761
Receipt of accrued interest on preferred equity investment 2,339  
Realized and unrealized (gains) losses on marketable securities (1,880) 29
Loss from unconsolidated joint ventures 1,027 62
Distributions of earnings from unconsolidated real estate funds 1,011 68
Distributions of earnings from unconsolidated joint ventures 537 600
(Income) loss from unconsolidated real estate funds (46) 66
Other non-cash adjustments (458) 202
Changes in operating assets and liabilities:    
Accounts and other receivables (60) 46
Deferred charges (2,570) (4,427)
Other assets 31,000 (26,035)
Accounts payable and accrued expenses (2,544) 5,325
Other liabilities 457 400
Net cash provided by operating activities 94,451 35,569
Cash Flows from Investing Activities:    
Investments in and contributions of capital to unconsolidated joint ventures (49,239) (16,115)
Redemption of preferred equity investment 33,750  
Additions to real estate (27,944) (25,413)
Receivable from affiliate (11,000)  
Purchases of marketable securities (6,568) (3,805)
Sales of marketable securities 3,132 7,825
Distributions of capital from unconsolidated real estate funds 1,260  
Contributions of capital to unconsolidated real estate funds (36) (157)
Escrow deposits and loans receivable for Residential Development Fund   (15,680)
Net cash used in investing activities (56,645) (53,345)
Cash Flows from Financing Activities:    
Distributions to noncontrolling interests (30,777) (1,915)
Dividends paid to common stockholders (23,356) (22,841)
Contributions from noncontrolling interests 14,496 29,920
Distributions paid to common unitholders (2,546) (2,370)
Repurchase of shares related to stock compensation agreements and related tax withholdings (301) (213)
Debt issuance costs (260) (6,351)
Proceeds from notes and mortgages payable   16,700
Net cash (used in) provided by financing activities (42,744) 12,930
Net decrease in cash and cash equivalents and restricted cash (4,938) (4,846)
Cash and cash equivalents and restricted cash at beginning of period 365,409 250,425
Cash and cash equivalents and restricted cash at end of period 360,471 245,579
Reconciliation of Cash and Cash Equivalents and Restricted Cash:    
Cash and cash equivalents at beginning of period 339,653 219,381
Restricted cash at beginning of period 25,756 31,044
Cash and cash equivalents and restricted cash at beginning of period 365,409 250,425
Cash and cash equivalents at end of period 342,308 212,547
Restricted cash at end of period 18,163 33,032
Cash and cash equivalents and restricted cash at end of period 360,471 245,579
Supplemental Disclosure of Cash Flow Information:    
Cash payments for interest 33,872 33,170
Cash payments for income taxes, net of refunds 1,480 299
Non-Cash Transactions:    
Dividends and distributions declared but not yet paid 25,949 26,627
Additions to real estate included in accounts payable and accrued expenses 15,630 13,334
Common shares issued upon redemption of common units 21,982 123
Change in value of interest rate swaps 9,026 (14,551)
Write-off of fully amortized and/or depreciated assets $ 1,578 350
Basis adjustment to investment in unconsolidated joint ventures upon adoption of ASU 2017-05   $ 7,086