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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
OPERATING ACTIVITIES    
Net income $ 144,470 $ 128,464
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 118,679 116,491
Gain on sale of real estate, net (16,197) (7,288)
Loss from partnerships 1,053 1,253
Other, net 2,138 2,825
Changes in assets and liabilities, net of effects of acquisitions and dispositions:    
Proceeds from new market tax credit transaction, net of deferred costs 0 12,353
Increase in accounts receivable, net (5,325) (3,805)
Decrease in prepaid expenses and other assets 7,800 10,077
Decrease in accounts payable and accrued expenses (1,493) (1,286)
(Decrease) increase in security deposits and other liabilities (8,838) 4,027
Net cash provided by operating activities 242,287 263,111
INVESTING ACTIVITIES    
Acquisition of real estate (25,176) (1,736)
Capital expenditures - development and redevelopment (133,570) (150,119)
Capital expenditures - other (36,669) (35,654)
Proceeds from sale of real estate 93,025 121,391
Investment in partnerships (907) (120)
Distribution from partnerships in excess of earnings 1,301 205
Leasing costs (11,473) (12,339)
Repayment (issuance) of mortgage and other notes receivable, net 101 (323)
Net cash used in investing activities (113,368) (78,695)
FINANCING ACTIVITIES    
Net borrowings under revolving credit facility, net of costs 0 48,000
Issuance of senior notes, net of costs 297,076 0
Repayment of mortgages, finance leases and notes payable (298,100) (13,408)
Issuance of common shares, net of costs 68,461 22,492
Dividends paid to common and preferred shareholders (154,965) (149,603)
Shares withheld for employee taxes (4,442) (777)
Contributions from noncontrolling interests 161 1,728
Distributions to and redemptions of noncontrolling interests (5,173) (9,086)
Net cash used in financing activities (96,982) (100,654)
Increase in cash, cash equivalents and restricted cash 31,937 83,762
Cash, cash equivalents, and restricted cash at beginning of year 108,332 25,200
Cash, cash equivalents, and restricted cash at end of period $ 140,269 $ 108,962