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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
OPERATING ACTIVITIES      
Net income $ 269,081 $ 135,888 $ 360,542
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 279,976 255,027 239,758
Impairment charge 0 57,218 0
Gain on sale of real estate and change in control of interest, net of tax (89,950) (98,117) (116,393)
Early extinguishment of debt 0 11,179 0
(Income) loss from partnerships (1,245) 8,062 2,012
Other, net 389 6,142 169
Changes in assets and liabilities, net of effects of acquisitions and dispositions:      
Decrease (increase) in accounts receivable, net 1,214 (6,032) (16,128)
Increase in prepaid expenses and other assets (5,607) (3,260) (10,253)
Increase in accounts payable and accrued expenses 6,782 5,621 2,327
Increase (decrease) in security deposits and other liabilities 10,712 (1,799) (115)
Net cash provided by operating activities 471,352 369,929 461,919
INVESTING ACTIVITIES      
Acquisition of real estate (366,466) (9,589) (204,516)
Capital expenditures - development and redevelopment (368,786) (433,872) (327,074)
Capital expenditures - other (71,728) (68,064) (82,836)
Costs associated with property sold under threat of condemnation, net 0 (12,924) 0
Proceeds from sale of real estate 137,868 183,461 321,997
Investment in partnerships (3,115) (3,348) (1,052)
Distribution from partnerships in excess of earnings 2,970 1,301 2,765
Leasing costs (21,990) (15,080) (25,459)
Repayment (issuance) of mortgage and other notes receivable, net 31,129 (10,268) (357)
Net cash used in investing activities (660,118) (368,383) (316,532)
FINANCING ACTIVITIES      
Costs to amend revolving credit facility 0 (638) (4,012)
Issuance of senior notes, net of costs 0 1,094,283 399,913
Redemption and retirement of senior notes 0 (510,360) 0
Issuance of notes payable, net of costs 0 398,722 0
Repayment of mortgages, finance leases, and notes payable (277,643) (70,237) (301,029)
Issuance of common shares, net of costs 172,981 99,177 143,027
Dividends paid to common and preferred shareholders (335,656) (324,596) (313,649)
Shares withheld for employee taxes (2,998) (4,052) (4,626)
Contributions from noncontrolling interests 133 0 404
Distributions to and redemptions of noncontrolling interests (9,784) (20,563) (20,133)
Net cash (used in) provided by financing activities (452,967) 661,736 (100,105)
(Decrease) increase in cash, cash equivalents, and restricted cash (641,733) 663,282 45,282
Cash, cash equivalents, and restricted cash at beginning of year 816,896 153,614 108,332
Cash, cash equivalents, and restricted cash at end of year $ 175,163 $ 816,896 $ 153,614