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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities:      
Net income (loss) $ 2,059 $ (19,196) $ (29,603)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 232,487 235,890 248,347
Loss from unconsolidated joint ventures 24,896 18,619 4,706
Amortization of stock-based compensation expense 18,612 19,239 22,860
Amortization of deferred financing costs 9,127 9,277 19,323
Distributions of earnings from unconsolidated joint ventures 7,278 3,999 4,067
Amortization of above and below-market leases, net (3,070) (4,734) (10,991)
Straight-lining of rental revenue (2,495) (28,216) (43,679)
Realized and unrealized gains on marketable securities (1,535) (1,918) (3,027)
(Income) loss from unconsolidated real estate funds (782) (272) 343
Distributions of earnings from unconsolidated real estate funds 676 616 1,553
Loss (gain) on sale of real estate related to discontinued operations   12,766 (1,140)
Real estate impairment loss related to discontinued operations     42,000
Receipt of accrued interest on preferred equity investment     2,339
Loss on early extinguishment of debt     731
Other non-cash adjustments 3,146 413 (961)
Changes in operating assets and liabilities:      
Accounts and other receivables 1,920 1,729 845
Deferred charges (18,438) (10,761) (23,029)
Other assets (8,283) (2,193) 57,318
Accounts payable and accrued expenses 16,246 (1,299) (8,949)
Other liabilities (37,538) 3,313 2,388
Net cash provided by operating activities 244,306 237,272 285,441
Cash Flows from Investing Activities:      
Additions to real estate (112,001) (89,463) (103,916)
Sales of marketable securities 40,228 22,188 19,282
Purchases of marketable securities (21,562) (15,809) (15,232)
Investments in and contributions of capital to unconsolidated joint ventures (11,750) (60) (368,852)
Distributions of capital from unconsolidated real estate funds 4,926   2,076
Contributions of capital to unconsolidated real estate funds (3,324) (2,945) (3,937)
Proceeds from the sale of real estate related to discontinued operations   89,206 150,307
Repayment of amounts due from affiliates   36,918 181,000
Due from affiliates     (217,918)
Redemption of preferred equity investment     33,750
Net cash (used in) provided by investing activities (103,483) 40,035 (323,440)
Cash Flows from Financing Activities:      
Proceeds from notes and mortgages payable 888,566 9,791 1,259,843
Repayment of notes and mortgages payable (850,000)   (1,050,000)
Dividends paid to common stockholders (61,297) (89,225) (93,038)
Distributions paid to common unitholders (6,182) (8,837) (10,073)
Distributions to noncontrolling interests (30,539) (12,717) (45,239)
Contributions from noncontrolling interests 121 11,555 14,989
Debt issuance costs (16,775)   (10,131)
Repurchase of shares related to stock compensation agreements and related tax withholdings (235) (332) (324)
Purchase of interest rate caps (140)    
Repayment of borrowings under revolving credit facility   (200,000) (195,000)
Borrowings under revolving credit facility   163,082 231,918
Repurchases of common shares   (120,000) (97,137)
Proceeds from the sale of a 10.0% interest in 1633 Broadway   111,984  
Repayment of note payable issued in connection with the acquisition of noncontrolling interest in consolidated real estate fund   (8,771)  
Acquisition of noncontrolling interest in consolidated real estate fund     (1,000)
Loss on early extinguishment of debt     (731)
Net cash (used in) provided by financing activities (76,481) (143,470) 4,077
Net increase (decrease) in cash and cash equivalents and restricted cash 64,342 133,837 (33,922)
Cash and cash equivalents and restricted cash at beginning of period 465,324 331,487 365,409
Cash and cash equivalents and restricted cash at end of period 529,666 465,324 331,487
Reconciliation of Cash and Cash Equivalents and Restricted Cash:      
Cash and cash equivalents at beginning of period 434,530 306,215 339,653
Restricted cash at beginning of period 30,794 25,272 25,756
Cash and cash equivalents and restricted cash at beginning of period 465,324 331,487 365,409
Cash and cash equivalents at end of period 524,900 434,530 306,215
Restricted cash at end of period 4,766 30,794 25,272
Cash and cash equivalents and restricted cash at end of period 529,666 465,324 331,487
Supplemental Disclosure of Cash Flow Information:      
Cash payments for interest 132,476 135,607 139,130
Cash payments for income taxes, net of refunds 1,762 1,366 2,474
Non-Cash Transactions:      
Write-off of fully amortized and/or depreciated assets 46,594 9,141 8,727
Dividends and distributions declared but not yet paid 16,895 16,796 25,255
Additions to real estate included in accounts payable and accrued expenses 12,177 8,640 21,566
Change in value of interest rate swaps and interest rate caps 6,857   28,069
Transfer of deposit to investment in unconsolidated joint ventures 6,230    
Common shares issued upon redemption of common units $ 961 $ 85,710 24,030
Note payable issued in connection with the acquisition of noncontrolling interest in consolidated real estate fund     $ 8,771