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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 157,032 $ 130,784 $ 131,127
Adjustments to net income:      
Depreciation and amortization 120,813 94,026 89,027
Income from discontinued operations (7,851) (12,108) (14,428)
Gain on sale of real estate (540) 0 0
Amortization of share-based compensation 7,873 6,166 4,726
Amortization of net premiums on mortgages payable (189) 0 0
Provisions for impairment on real estate held for investment 10 849 199
Cash provided by discontinued operations:      
Real estate 4,419 5,726 9,477
Proceeds from sales of real estate 0 0 1,987
Collection of principal on notes receivable 3,032 138 129
Changes in assets and liabilities:      
Accounts receivable and other assets 5,209 5,270 3,607
Accounts payable, accrued expenses and other liabilities 9,144 12,517 856
Net cash provided by operating activities 298,952 243,368 226,707
CASH FLOWS FROM INVESTING ACTIVITIES      
Acquisition of income producing investment properties (957,347) (716,776) (61,319)
Proceeds from sales of real estate:      
Continuing operations 2,268 0 0
Discontinued operations 21,859 25,779 20,074
Loan receivable (1,593) 0 0
Restricted escrow deposits (50) (6,361) (4,479)
Net cash used in investing activities (934,863) (697,358) (45,724)
CASH FLOWS FROM FINANCING ACTIVITIES      
Cash distributions to common stockholders (219,297) (182,500) (178,008)
Cash dividends to preferred stockholders (24,253) (24,253) (24,253)
Borrowings under lines of credit 612,800 612,200 4,600
Payments on lines of credit (375,400) (616,800) 0
Principal payments on mortgages (279) 0 0
Proceeds from common stock offerings, net 489,236 432,591 0
Proceeds from bonds issued, net 140,136 0 0
Proceeds from notes payable issued, net 0 246,131 0
Debt issuance costs 0 (4,091) 0
Principal payment on notes payable 0 0 (20,000)
Proceeds from dividend reinvestment and stock purchase plan, net 1,894 0 0
Other items (2,368) (1,707) (111)
Net cash provided by (used in) financing activities 622,469 461,571 (217,772)
Net increase (decrease) in cash and cash equivalents (13,442) 7,581 (36,789)
Cash and cash equivalents, beginning of year 17,607 10,026 46,815
Cash and cash equivalents, end of year $ 4,165 $ 17,607 $ 10,026