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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
OPERATING ACTIVITIES:    
Net income (loss) $ 141,417 $ (27,387)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Share-based compensation expense 25,375 26,892
Depreciation and amortization, including amortization of deferred financing costs 109,697 123,444
Deferred rent (7,237) (12,170)
Income from unconsolidated real estate ventures, net (1,038) (3,010)
Amortization of market lease intangibles, net (621) (658)
Amortization of lease incentives 4,303 4,191
Loss on extinguishment of debt 1,629  
Gain on the sale of real estate, net (158,631) (11,290)
Loss on operating lease and other receivables 738 975
Income from investments, net (15,282)  
Return on capital from unconsolidated real estate ventures 6,028 10,348
Other non-cash items (4,781) 473
Changes in operating assets and liabilities:    
Tenant and other receivables (2,847) 11,204
Other assets, net (3,669) 274
Accounts payable and accrued expenses (1,375) 238
Other liabilities, net 13,943 32
Net cash provided by operating activities 107,649 123,556
INVESTING ACTIVITIES:    
Development costs, construction in progress and real estate additions (128,114) (67,408)
Proceeds from the sale of real estate 923,108 14,370
Proceeds from the sale of investments 19,030  
Distributions of capital from unconsolidated real estate ventures 52,465 4,583
Investments in unconsolidated real estate ventures and other investments (81,185) (21,990)
Net cash provided by (used in) investing activities 785,304 (70,445)
FINANCING ACTIVITIES:    
Repayments of mortgages payable (167,132) (3,342)
Repayments of revolving credit facility (300,000)  
Debt issuance costs (1,256) (4,587)
Proceeds from common shares issued pursuant to ESPP 800 880
Common shares repurchased (297,040) (19,203)
Dividends paid to common shareholders (56,323) (59,232)
Distributions to redeemable noncontrolling interests (8,196) (9,712)
Distributions to noncontrolling interests (21) (22)
Contributions from noncontrolling interests 9,238 17,464
Net cash used in financing activities (819,930) (77,754)
Net increase (decrease) in cash and cash equivalents, and restricted cash 73,023 (24,643)
Cash and cash equivalents, and restricted cash, beginning of period 302,095 263,336
Cash and cash equivalents, and restricted cash, end of period 375,118 238,693
SUPPLEMENTAL DISCLOSURE OF CASH FLOW AND NON-CASH INFORMATION:    
Cash paid for interest (net of capitalized interest of $3,928 and $3,256 in 2022 and 2021) 34,612 30,335
Accrued capital expenditures included in accounts payable and accrued expenses 57,426 41,662
Write-off of fully depreciated assets 7,993 43,185
Deconsolidation of real estate asset   26,476
Conversion of OP Units to common shares 7,776 21,680
Cash paid for amounts included in the measurement of lease liabilities for operating leases $ 1,092 $ 1,320