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Consolidated Balance Sheets (USD $)
Dec. 31, 2013
Jan. 31, 2013
Real Estate    
Completed rental properties $ 7,307,233,000 $ 8,631,542,000
Projects under construction and development 535,479,000 1,292,453,000
Land inventory 126,754,000 99,309,000
Total Real Estate 7,969,466,000 10,023,304,000
Less accumulated depreciation (1,469,328,000) (1,654,632,000)
Real Estate, net – (variable interest entities $656.8 million and $1,416.9 million, respectively) 6,500,138,000 8,368,672,000
Cash and equivalents – (variable interest entities $18.8 million and $14.2 million, respectively) 280,206,000 333,220,000
Restricted cash and escrowed funds – (variable interest entities $154.5 million and $114.9 million, respectively) 347,534,000 410,414,000
Notes and accounts receivable, net 455,561,000 426,200,000
Investments in and advances to unconsolidated entities 447,165,000 456,628,000
Other assets – (variable interest entities $55.5 million and $92.5 million, respectively) 415,316,000 614,592,000
Land held for divestiture 1,934,000 2,706,000
Development project held for sale – (variable interest entities $504.2 million and $0, respectively) 504,171,000 0
Total Assets 8,952,025,000 10,612,432,000
Liabilities    
Mortgage debt and notes payable, nonrecourse – (variable interest entities $323.7 million and $624.1 million, respectively) 4,351,506,000 5,738,960,000
Bank revolving credit facility 0 0
Senior and subordinated debt – (variable interest entities $0 and $29.0 million, respectively) 700,000,000 1,032,969,000
Accounts payable, accrued expenses and other liabilities – (variable interest entities $89.0 million and $76.2 million, respectively) 831,920,000 1,093,963,000
Cash distributions and losses in excess of investments in unconsolidated entities 256,843,000 292,727,000
Deferred income taxes 485,894,000 474,406,000
Mortgage debt and notes payable, nonrecourse of land held for divestiture 0 1,700,000
Mortgage debt, nonrecourse of development project held for sale – (variable interest entities $228.0 million and $0, respectively) 228,000,000 0
Total Liabilities 6,854,163,000 8,634,725,000
Redeemable Noncontrolling Interest 171,743,000 239,136,000
Commitments and Contingencies 0 0
Common stock – $.33 1/3 par value    
Common stock, value 66,225,000 61,321,000
Additional paid-in capital 1,095,748,000 932,045,000
Retained earnings 570,793,000 576,285,000
Less treasury stock, at cost; 941,853 and 6,582 Class A shares, respectively (15,978,000) (108,000)
Shareholders' equity before accumulated other comprehensive loss 1,716,788,000 1,580,095,000
Accumulated other comprehensive loss (76,582,000) (103,203,000)
Total Shareholders’ Equity 1,640,206,000 1,476,892,000
Noncontrolling interest 285,913,000 261,679,000
Total Equity 1,926,119,000 1,738,571,000
Total Liabilities and Equity 8,952,025,000 10,612,432,000
Series A Preferred Stock
   
Shareholders’ Equity    
Preferred stock 0 10,552,000
Common stock – $.33 1/3 par value    
Total Equity 0 10,552,000
Other Preferred Stock
   
Shareholders’ Equity    
Preferred stock 0 0
Common Stock Class A
   
Common stock – $.33 1/3 par value    
Common stock, value 59,500,000 54,576,000
Total Equity 59,500,000 54,576,000
Common Stock Class B
   
Common stock – $.33 1/3 par value    
Common stock, value 6,725,000 6,745,000
Total Equity $ 6,725,000 $ 6,745,000