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Consolidated Balance Sheets (Unaudited) (USD $)
Jun. 30, 2014
Dec. 31, 2013
Real Estate    
Completed rental properties $ 7,124,322,000 $ 7,307,233,000
Projects under construction and development 604,468,000 535,479,000
Land inventory 116,262,000 128,688,000
Total Real Estate 7,845,052,000 7,971,400,000
Less accumulated depreciation (1,524,740,000) (1,469,328,000)
Real Estate, net – (variable interest entities $510.0 million and $656.8 million, respectively) 6,320,312,000 6,502,072,000
Cash and equivalents – (variable interest entities $13.0 million and $18.8 million, respectively) 456,924,000 280,206,000
Restricted cash – (variable interest entities $50.7 million and $154.5 million, respectively) 239,342,000 347,534,000
Notes and accounts receivable, net 507,570,000 455,561,000
Investments in and advances to unconsolidated entities 619,671,000 447,165,000
Other assets – (variable interest entities $26.0 million and $55.5 million, respectively) 407,702,000 415,316,000
Development project held for sale – (variable interest entities of $0 and $504.2 million, respectively) 0 504,171,000
Total Assets 8,551,521,000 8,952,025,000
Liabilities    
Mortgage debt and notes payable, nonrecourse – (variable interest entities $294.0 million and $323.7 million, respectively) 4,036,103,000 4,351,506,000
Revolving credit facility 308,000,000 0
Convertible senior debt 700,000,000 700,000,000
Accounts payable, accrued expenses and other liabilities – (variable interest entities $70.0 million and $89.0 million, respectively) 823,903,000 831,920,000
Cash distributions and losses in excess of investments in unconsolidated entities 264,618,000 256,843,000
Deferred income taxes 451,089,000 485,894,000
Mortgage debt, nonrecourse, of development project held for sale – (variable interest entities of $0 and $228.0 million, respectively) 0 228,000,000
Total Liabilities 6,583,713,000 6,854,163,000
Redeemable Noncontrolling Interest 192,942,000 171,743,000
Commitments and Contingencies 0 0
Common stock - $.33 1/3 par value    
Common stock 66,670,000 66,225,000
Additional paid-in capital 1,057,833,000 1,095,748,000
Retained earnings 493,321,000 570,793,000
Less treasury stock, at cost; 1,121,279 and 941,853 Class A shares, respectively (19,332,000) (15,978,000)
Shareholders' equity before accumulated other comprehensive loss 1,598,492,000 1,716,788,000
Accumulated other comprehensive loss (68,446,000) (76,582,000)
Total Shareholders' Equity 1,530,046,000 1,640,206,000
Noncontrolling interest 244,820,000 285,913,000
Total Equity 1,774,866,000 1,926,119,000
Total Liabilities and Equity 8,551,521,000 8,952,025,000
Preferred stock
   
Shareholders' Equity    
Preferred stock 0 0
Common stock Class A
   
Common stock - $.33 1/3 par value    
Common stock 60,261,000 59,500,000
Total Equity 60,261,000 59,500,000
Common stock Class B
   
Common stock - $.33 1/3 par value    
Common stock 6,409,000 6,725,000
Total Equity $ 6,409,000 $ 6,725,000