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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
OPERATING ACTIVITIES:    
Net income (loss) $ (26,391) $ (17,093)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Share-based compensation expense 38,320 53,183
Depreciation and amortization, including amortization of deferred financing costs 181,217 160,395
Deferred rent (17,463) (19,124)
(Income) loss from unconsolidated real estate ventures, net (23,513) 17,142
Amortization of market lease intangibles, net (896) (356)
Amortization of lease incentives 6,083 5,144
Loss on extinguishment of debt   33
Gain on sale of real estate (11,290) (59,477)
Loss on operating lease and other receivables 1,071 14,750
Return on capital from unconsolidated real estate ventures 13,212 3,697
Other non-cash items 583 265
Changes in operating assets and liabilities:    
Tenant and other receivables 3,704 (4,757)
Other assets, net (12,059) (11,566)
Accounts payable and accrued expenses 5,954 1,366
Other liabilities, net (4,120) (15,747)
Net cash provided by operating activities 154,412 127,855
INVESTING ACTIVITIES:    
Development costs, construction in progress and real estate additions (108,361) (245,456)
Deposits for real estate and other acquisitions (10,263) (25,274)
Proceeds from sale of real estate 14,370 154,493
Distributions of capital from unconsolidated real estate ventures 40,188 70,818
Investments in unconsolidated real estate ventures and other (32,685) (12,277)
Net cash used in investing activities (96,751) (57,696)
FINANCING ACTIVITIES:    
Borrowings under mortgages payable 85,000 580,105
Borrowings under revolving credit facility   500,000
Borrowings under unsecured term loans   100,000
Repayments of mortgages payable (4,462) (6,680)
Repayments of revolving credit facility   (700,000)
Debt issuance costs (5,747) (14,856)
Finance lease payments   (3,281)
Proceeds from common shares issued pursuant to ESPP 880 887
Common shares repurchased (82,300) (74,434)
Dividends paid to common shareholders (88,928) (90,347)
Distributions to redeemable noncontrolling interests (13,705) (11,333)
Distributions to noncontrolling interests (22) (23)
Contributions from noncontrolling interests 17,464  
Net cash (used in) provided by financing activities (91,820) 280,038
Net (decrease) increase in cash and cash equivalents and restricted cash (34,159) 350,197
Cash and cash equivalents and restricted cash, beginning of period 263,336 142,516
Cash and cash equivalents and restricted cash, end of period 229,177 492,713
SUPPLEMENTAL DISCLOSURE OF CASH FLOW AND NON-CASH INFORMATION:    
Cash paid for interest (net of capitalized interest of $4,854 and $11,545 in 2021 and 2020) 46,010 40,744
Accrued capital expenditures included in accounts payable and accrued expenses 41,660 51,092
Write-off of fully depreciated assets 46,278 29,393
Deconsolidation of real estate asset 26,476  
Conversion of common limited partnership units to common shares 27,350 40,674
Derecognition of operating lease right-of-use assets   (13,151)
Derecognition of liabilities related to operating lease right-of-use assets   (13,151)
Recognition of finance lease right-of-use assets   42,354
Recognition of liabilities related to finance lease right-of-use assets   40,684
Cash paid for amounts included in the measurement of lease liabilities for operating leases $ 1,761 $ 4,603