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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 180,012 $ 170,294
Adjustments to net income:    
Depreciation and amortization 265,102 244,186
Amortization of share-based compensation 8,657 7,215
Non-cash revenue adjustments (4,029) (1,564)
Amortization of net premiums on mortgages payable (813) (1,240)
Amortization of deferred financing costs 3,469 4,684
Gain on interest rate swaps (2,799) (859)
Gain on sales of real estate (11,005) (13,371)
Provisions for impairment on real estate 18,172 7,706
Change in assets and liabilities    
Accounts receivable and other assets 2,785 3,168
Accounts payable, accrued expenses and other liabilities 17,718 41,620
Net cash provided by operating activities 477,269 461,839
CASH FLOWS FROM INVESTING ACTIVITIES    
Investment in real estate (829,818) (696,116)
Improvements to real estate, including leasing costs (17,017) (9,232)
Proceeds from sales of real estate 47,526 44,005
Insurance proceeds received 3,836 0
Collection of loans receivable 5,267 61
Net cash used in investing activities (790,206) (661,282)
CASH FLOWS FROM FINANCING ACTIVITIES    
Cash distributions to common stockholders (373,044) (335,380)
Cash dividends to preferred stockholders 0 (6,168)
Borrowings on line of credit 1,140,000 772,000
Payments on line of credit (716,000) (1,244,000)
Principal payment on term loan (125,866) 0
Proceeds from notes and bonds payable issued 497,500 711,812
Principal payment on notes payable (350,000) 0
Principal payments on mortgages payable (13,447) (86,515)
Redemption of preferred stock 0 (408,750)
Proceeds from common stock offerings, net 0 704,938
Proceeds from dividend reinvestment and stock purchase plan 4,806 59,649
Proceeds from At-the-Market (ATM) program 297,983 52,442
Distributions to noncontrolling interests (758) (887)
Debt issuance costs (4,436) (6,663)
Other items, including shares withheld upon vesting (11,143) (6,305)
Net cash provided by financing activities 345,595 206,173
Net increase in cash, cash equivalents and restricted cash 32,658 6,730
Cash, cash equivalents and restricted cash, beginning of period 12,142 15,681
Cash, cash equivalents and restricted cash, end of period $ 44,800 $ 22,411