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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 146,551 $ 133,931
Adjustments to net income:    
Depreciation and amortization 218,275 199,138
Amortization of share-based compensation 6,552 5,362
Non-cash rental adjustments (5,279) (4,939)
Amortization of net premiums on mortgages payable (1,855) (3,824)
Amortization of deferred financing costs 4,384 6,509
Loss on interest rate swaps 7,886 1,958
Gain on sales of real estate (10,948) (10,893)
Provisions for impairment on real estate 8,192 5,317
Change in assets and liabilities    
Accounts receivable and other assets 6,946 1,778
Accounts payable, accrued expenses and other liabilities (19,277) (12,627)
Net cash provided by operating activities 361,427 321,710
CASH FLOWS FROM INVESTING ACTIVITIES    
Investment in real estate (618,340) (924,541)
Improvements to real estate, including leasing costs (2,934) (2,470)
Proceeds from sale of real estate 35,020 30,455
Collection of loans receivable 12,457  
Restricted escrow deposits for Section 1031 tax-deferred exchanges and pending acquisitions (17,291) 21,313
Net cash used in investing activities (591,088) (875,243)
CASH FLOWS FROM FINANCING ACTIVITIES    
Cash distributions to common stockholders (298,581) (258,277)
Cash dividends to preferred stockholders (13,540) (13,540)
Borrowings on line of credit 2,244,000 957,000
Payments on line of credit (1,970,000) (750,000)
Principal payments on mortgages payable (181,333) (79,291)
Proceeds from term loans   250,000
Proceeds from common stock offerings, net 383,525 276,430
Redemption of preferred units   (6,750)
Distributions to noncontrolling interests (747) (848)
Debt issuance costs   (10,204)
Proceeds from dividend reinvestment and stock purchase plan 5,806 208,033
Procceds from At-the-Market (ATM) program 44,565  
Other items, including shares withheld upon vesting (3,885) (4,131)
Net cash provided by financing activities 209,810 568,422
Net (decrease) increase in cash and cash equivalents (19,851) 14,889
Cash and cash equivalents, beginning of period 40,294 3,852
Cash and cash equivalents, end of period $ 20,443 $ 18,741