XML 32 R6.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Consolidated Statements Of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
OPERATING ACTIVITIES    
Net income $ 68,855 $ 62,922
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization, including discontinued operations 62,632 60,110
Gain on sale of real estate (43) (1,410)
Gain on deconsolidation of VIE (2,026)  
Early extinguishment of debt (296) 2,801
Income from real estate partnerships (767) (381)
Other, net 1,675 1,018
Changes in assets and liabilities, net of effects of acquisitions and dispositions    
(Increase) decrease in accounts receivable (2,921) 2,418
Decrease in prepaid expenses and other assets 10,579 5,645
Decrease in accounts payable and accrued expenses (16,868) (1,835)
Decrease in security deposits and other liabilities (2,122) (1,943)
Net cash provided by operating activities 118,698 129,345
INVESTING ACTIVITIES    
Acquisition of real estate (19,196)  
Capital expenditures - development and redevelopment (35,971) (19,063)
Capital expenditures - other (19,031) (9,850)
Proceeds from sale of real estate 1,497  
Investment in real estate partnerships (6,947) (16,720)
Distribution from real estate partnership in excess of earnings 511 258
Leasing costs (6,335) (4,712)
Repayment (issuance) of mortgage and other notes receivable, net 8,712 (11,858)
Net cash used in investing activities (76,760) (61,945)
FINANCING ACTIVITIES    
Net borrowings under revolving credit facility, net of costs 112,000 (450)
Issuance of senior notes, net of costs   148,457
Purchase and retirement of senior notes (75,000)  
Issuance of mortgages, capital leases and notes payable, net of costs   9,950
Repayment of mortgages, capital leases and notes payable (86,021) (256,403)
Issuance of common shares 96,787 3,489
Dividends paid to common and preferred shareholders (83,098) (81,165)
Distributions to noncontrolling interests (2,555) (3,110)
Net cash used in financing activities (37,887) (179,232)
Increase (decrease) in cash and cash equivalents 4,051 (111,832)
Cash and cash equivalents at beginning of year 15,797 135,389
Cash and cash equivalents at end of period $ 19,848 $ 23,557