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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Operating activities    
Net loss $ (44) $ (14,407)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 131,742 87,604
Depreciation and amortization – discontinued operations 116 4,236
Amortization of above (below) market leases (8,916) 2,238
Amortization of above market leases – discontinued operations 0 39
Amortization of financing costs 2,551 1,841
Amortization of financing costs – discontinued operations 0 15
Amortization of debt premium, net (4,110) 0
Non-cash adjustment for interest rate swaps 37 0
Share-based compensation expense 6,449 3,322
Deferred income tax benefit (1,973) (1,704)
Gain on sale of real estate investments (6,664) 0
Gain on sale of real estate investments – discontinued operations (10,463) (12,087)
Gain on sale of in-substance real estate (6,289) 0
Non-cash impairment loss on real estate – discontinued operations 0 10,200
Equity in (earnings) losses of unconsolidated joint ventures 783 (472)
Change in deferred leasing costs 2,403 (9,856)
Changes in operating assets and liabilities:    
Change in condominium units 7,057 0
Change in receivables and other assets (46,821) (22,319)
Change in accounts payable and other liabilities (26,374) 25,511
Net cash provided by operating activities 39,484 74,161
Investing activities    
Issuance of mortgage loan receivable 0 (3,523)
Proceeds from mortgage loan receivable 64 0
Investment in unconsolidated joint ventures (3,417) (86,685)
Distributions from unconsolidated joint ventures 4,340 0
Investment in real estate (282,352) (187,442)
Proceeds from sale of in-substance real estate 24,923 0
Issuance of note receivable, net 0 (78,800)
Proceeds from sale of real estate 42,371 53,921
Real estate development (8,276) (745)
Improvements to real estate (40,201) (23,519)
Net cash used in investing activities (262,548) (326,793)
Financing activities    
Principal payments on mortgage notes payable (42,203) (61,576)
Proceeds from mortgage notes payable 481 178,000
Proceeds from bank borrowings 259,259 464,234
Payments on bank borrowings (212,259) (335,234)
Debt financing costs (4,106) (2,747)
Purchase of Company stock 0 (44)
Dividends paid on common stock (55,855) (28,956)
Dividends paid on common units of operating partnership (2,925) 0
Dividends paid on preferred stock 0 (3,433)
Acquisition of noncontrolling interests (43,502) 0
Contributions from noncontrolling interest partners 2,348 0
Distributions to noncontrolling interest partners (129) (71,186)
Redemption of preferred stock 0 (135,532)
Proceeds from stock offerings, net of offering costs 391,134 209,768
Net cash provided by financing activities 292,243 213,294
Change in cash and cash equivalents 69,179 (39,338)
Cash and cash equivalents at beginning of period 58,678 81,856
Cash and cash equivalents at end of period 127,857 42,518
Supplemental cash flow information:    
Cash paid for interest 50,924 30,835
Cash paid (received) for income taxes 2,191 (117)
Supplemental schedule of non-cash investing and financing activity:    
Assumption of debt from acquisition of One Orlando Centre 55,967 0
Stock options, profits interest units, restricted share units, restricted shares and deferred incentive share units forfeited 0 (309)
Shares issued for purchase of land 0 859
Issuance of operating partnership units $ 1,546 $ 0