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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOW FROM OPERATING ACTIVITIES    
Net (loss) income $ (36,779) $ 5,599
Adjustments to reconcile net loss to net cash provided by operating activities:    
Equity in loss of unconsolidated joint ventures 8,722 4,740
Distributions from unconsolidated joint ventures 781  
Gain on sale of real estate, net (32,873) (76,018)
Unrealized loss on interest rate cap   7
Share-based compensation 2,885 3,379
Depreciation and amortization 46,410 84,218
Amortization of deferred financing costs 223 3,590
Amortization of above and below market leases, net (247) (414)
Straight-line rent adjustment (8,964) (2,832)
Change in operating assets and liabilities    
Tenants and other receivables (1,994) (3,076)
Prepaid expenses, deferred expenses and other assets 4,931 (2,968)
Accounts payable, accrued expenses and other liabilities (9,625) (20)
Net cash (used in) provided by operating activities (26,530) 16,205
CASH FLOW FROM INVESTING ACTIVITIES    
Investment in unconsolidated joint ventures (19,618) (6,160)
Distributions from unconsolidated joint ventures 1,484 8,505
Net proceeds from sale of real estate 53,758 134,599
Development of real estate (182,560) (142,003)
Net cash used by investing activities (146,936) (5,059)
CASH FLOW FROM FINANCING ACTIVITIES    
Repayment of mortgage loans payable   (131,414)
Payment of deferred financing costs   (363)
Payment of preferred offering costs   (113)
Purchase of shares related to stock grant recipients' tax withholdings (3,412)  
Preferred dividends paid (2,450) (1,661)
Common dividends paid (17,964) (17,865)
Non-controlling interests distributions paid (10,060) (10,058)
Net cash used in financing activities (33,886) (161,474)
Net decrease in cash, cash equivalents, and restricted cash (207,352) (150,328)
Cash, cash equivalents, and restricted cash, beginning of period 532,857 417,234
Cash, cash equivalents, and restricted cash, end of period 325,505 266,906
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash payments for interest 56,622 43,296
Capitalized interest 12,960 12,144
Income taxes paid 171 344
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Development of real estate financed with accounts payable 18,964 14,465
Common dividends and OP unit distributions declared and unpaid   14,046
Preferred dividends declared and unpaid 1,225  
Decrease in real estate, net resulting from deconsolidated properties    
Real estate, net (14,656)  
Tenants and other receivables, net (2)  
Prepaid expenses, deferred expenses and other assets, net (84)  
Accounts payable, accrued expenses and other liabilities 6  
Transfer to real estate assets held for sale 2,183 15,139
Transfer of below market asset to right of use asset (11,005)  
Recording of right of use assets 19,373  
Recording of lease liabilities (8,368)  
Property delivered in exchange (2,075)  
Property received in exchange 11,326  
RECONCILIATION OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH    
Cash and cash equivalents 325,505 100,448
Restricted cash 0 166,458
Cash, cash equivalents, and restricted cash, end of period $ 325,505 $ 266,906