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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
OPERATING ACTIVITIES    
Net income $ 148,426 $ 135,010
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 128,373 127,403
Gain on sale of real estate (11,509) (4,401)
Early extinguishment of debt 19,072 0
Income from real estate partnerships (986) (909)
Other, net 1,082 2,146
Changes in assets and liabilities, net of effects of acquisitions and dispositions:    
Increase in accounts receivable (14,750) (16,114)
Increase in prepaid expenses and other assets (11,106) (7,537)
(Decrease) increase in accounts payable and accrued expenses (16) 4,884
Increase in security deposits and other liabilities 2,564 1,364
Net cash provided by operating activities 261,150 241,846
INVESTING ACTIVITIES    
Acquisition of real estate (121,130) (4,352)
Capital expenditures - development and redevelopment (176,856) (236,780)
Capital expenditures - other (28,125) (33,381)
Proceeds from sale of real estate 45,821 10,406
Investment in real estate partnerships (1,555) (6,731)
Distribution from real estate partnership in excess of earnings 0 221
Leasing costs (15,327) (14,882)
Repayment of mortgage and other notes receivable, net 10,693 4,575
Net cash used in investing activities (286,479) (280,924)
FINANCING ACTIVITIES    
Net borrowings under revolving credit facility, net of costs 0 11,000
Issuance of senior notes, net of costs 456,192 0
Redemption and retirement of senior notes (219,228) 0
Repayment of mortgages, capital leases and notes and other payables (161,901) (29,304)
Issuance of common shares 101,140 154,250
Dividends paid to common and preferred shareholders (178,413) (156,312)
Distributions to and redemptions of noncontrolling interests (7,548) (5,566)
Net cash used in financing activities (9,758) (25,932)
Decrease in cash and cash equivalents (35,087) (65,010)
Cash and cash equivalents at beginning of year 47,951 88,927
Cash and cash equivalents at end of period $ 12,864 $ 23,917