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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Operating activities      
Net loss $ (42,981) $ (212,003) $ (13,407)
Adjustments to reconcile net loss to cash provided by operating activities:      
Depreciation and amortization 78,195 53,129 25,041
Depreciation and amortization - discontinued operations 4,275 58,021 67,270
Amortization of above (below) market leases 5,137 2,955 (163)
Amortization of above (below) market leases - discontinued operations (38) (1,865) (403)
Amortization of loan costs 1,989 1,623 1,092
Amortization of loan costs - discontinued operations 74 521 621
Amortization of mortgage loan discount 0 (400) (710)
Share-based compensation expense 432 1,341 1,319
Deferred Income tax benefit (1,030) (430) 0
Operating distributions from unconsolidated joint ventures 0 507 0
Gain on sale of real estate investments (13,487) (18,568) (8,558)
Non-cash impairment loss on real estate 5,700 6,420 0
Non-cash impairment loss on real estate - discontinued operations 3,500 189,940 4,120
Impairment loss on mortgage loan receivable 0 9,235 0
Non-cash gain on mortgage loan payable-discontinued operations 0 (8,601) 0
Non-cash impairment loss on management contracts and goodwill 41,967 0 0
Equity in earnings of unconsolidated joint ventures 0 (57) (326)
Equity in loss of unconsolidated joint ventures - discontinued operations 19 0 0
Change in fair value of contingent consideration 216 (13,000) 0
Increase in deferred leasing costs (11,885) (16,947) (13,425)
Changes in operating assets and liabilities:      
Change in receivables and other assets (1,854) (19,737) (4,194)
Change in accounts payable and other liabilities (8,656) 3,443 9,782
Cash provided by operating activities 61,573 35,527 68,059
Investing activities      
Proceeds received from mortgage loan receivable 2,000 0 0
Distributions from unconsolidated joint ventures 120 3,201 0
Investment in real estate (692,911) (491,279) (36,498)
Investment in other assets 0 (3,500) 0
Investment in management company 0 (32,400) 0
Proceeds from sale of real estate 127,867 200,193 4,758
Improvements to real estate (25,621) (41,811) (36,335)
Cash used in investing activities (588,545) (365,596) (68,075)
Financing activities      
Principal payments on mortgage notes payable (24,623) (106,567) (140,499)
Proceeds from mortgage notes payable 73,500 222,013 70,000
Proceeds from bank borrowings 482,266 286,655 143,750
Payments on bank borrowings (352,588) (265,172) (132,911)
Debt financing costs (3,552) (4,858) (1,004)
Purchase of Company stock (172) (397) (821)
Dividends paid on common stock (14,591) (6,552) (6,448)
Dividends paid on convertible preferred stock (1,011) 0 0
Dividends paid on preferred stock (13,553) (9,529) (5,787)
Contributions from noncontrolling interest partners 17,447 287,501 27,912
Distributions to noncontrolling interest partners (729) (43,546) 0
Proceeds from stock offering 371,251 26,034 44,797
Cash provided by (used in) financing activities 533,645 385,582 (1,011)
Change in cash and cash equivalents 6,673 55,513 (1,027)
Cash and cash equivalents at beginning of year 75,183 19,670 20,697
Cash and cash equivalents at end of year $ 81,856 $ 75,183 $ 19,670