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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
OPERATING ACTIVITIES      
Net income $ 297,870 $ 258,883 $ 218,424
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 216,050 193,585 174,796
Gain on sale of real estate and change in control of interests, net (77,922) (32,458) (28,330)
Early extinguishment of debt 12,273 0 19,072
Loss (income) from real estate partnerships 417 (50) (1,416)
Other, net (2,674) 474 (29)
Changes in assets and liabilities, net of effects of acquisitions and dispositions:      
Decrease (increase) in accounts receivable, net 2,059 1,868 (9,200)
Increase in prepaid expenses and other assets (3,346) (3,753) (6,695)
Increase (decrease) in accounts payable and accrued expenses 14,242 7,159 (1,305)
Increase (decrease) in security deposits and other liabilities 208 (2,003) 3,729
Net cash provided by operating activities 459,177 423,705 369,046
INVESTING ACTIVITIES      
Acquisition of real estate (436,652) (142,958) (154,313)
Capital expenditures - development and redevelopment (441,984) (379,720) (236,437)
Capital expenditures - other (76,952) (57,560) (46,096)
Proceeds from sale of real estate and real estate partnership interests 136,055 0 97,422
Investment in real estate partnerships (696) (7,220) (2,802)
Distribution from real estate partnership in excess of earnings 1,729 3,910 512
Leasing costs (16,656) (18,299) (22,382)
(Issuance) repayment of mortgage and other notes receivable, net (1,646) 11,626 10,333
Net cash used in investing activities (836,802) (590,221) (353,763)
FINANCING ACTIVITIES      
Net borrowings (repayment) under revolving credit facility, net of costs 41,000 (56,916) 53,500
Issuance of senior notes, net of costs 572,134 241,795 456,151
Redemption and retirement of senior notes (161,930) 0 (219,228)
Repayment of mortgages, capital leases, and notes payable (56,328) (49,559) (181,315)
Issuance of common shares, net of costs 118,583 329,103 110,855
Issuance of preferred shares, net of costs 144,991 0 0
Dividends paid to common and preferred shareholders (282,995) (267,694) (243,314)
Shares withheld for employee taxes (4,229) (4,451) (9,211)
Contributions from noncontrolling interests 13,449 662 0
Distributions to and redemptions of noncontrolling interests (15,230) (24,102) (9,626)
Net cash provided by (used in) financing activities 369,445 168,838 (42,188)
(Decrease) increase in cash and cash equivalents (8,180) 2,322 (26,905)
Cash and cash equivalents at beginning of year 23,368 21,046 47,951
Cash and cash equivalents at end of year $ 15,188 $ 23,368 $ 21,046