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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
Cash flows from operating activities:      
Net income $ 361,775 $ 363,261 $ 249,729
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization (including amounts in discontinued operations) 764,775 459,704 206,064
Amortization of deferred revenue and lease intangibles, net (17,118) (12,159) (1,764)
Other non-cash amortization (39,943) (13,163) 8,750
Change in fair value of financial instruments 99 2,959 0
Stock-based compensation 20,784 19,346 14,078
Straight-lining of rental income, net (24,042) (14,885) (10,167)
Loss on extinguishment of debt, net 37,640 27,604 9,791
Gain on real estate dispositions, net (including amounts in discontinued operations) (80,952) 0 (25,241)
Gain on real estate loan investments (5,230) (3,255) (915)
Gain on sale of marketable securities 0 (733) 0
Income tax (benefit) expense (including amounts in discontinued operations) (6,286) (31,137) 5,201
(Income) loss from unconsolidated entities (1,509) 52 664
Gain on re-measurement of equity interest upon acquisition, net (16,645) 0 0
Other 10,315 4,446 (46)
Changes in operating assets and liabilities:      
Decrease (increase) in other assets 3,756 424 (8,245)
Increase (decrease) in accrued interest 9,969 (9,150) 1,311
Decrease in accounts payable and other liabilities (24,572) (20,117) (1,588)
Net cash provided by operating activities 992,816 773,197 447,622
Cash flows from investing activities:      
Net investment in real estate property (1,453,065) (531,605) (274,441)
Purchase of private investment funds (276,419) 0 0
Purchase of noncontrolling interest (3,934) (3,319) (42,333)
Investment in loans receivable (452,558) (628,133) (38,725)
Funds held in escrow for future development expenditures (28,050) 0 0
Proceeds from real estate disposals 149,045 20,618 58,163
Proceeds from loans receivable 43,219 220,179 19,291
Proceeds from sale or maturity of marketable securities 37,500 23,050 0
Development project expenditures (114,002) (47,591) (1,662)
Capital expenditures (69,430) (50,473) (18,193)
Other (1,995) (165) (4,020)
Net cash used in investing activities (2,169,689) (997,439) (301,920)
Cash flows from financing activities:      
Net change in borrowings under revolving credit facilities 84,938 537,452 28,564
Proceeds from debt 2,710,405 1,343,640 597,382
Repayment of debt (1,193,023) (1,388,962) (524,760)
Payment of deferred financing costs (23,770) (20,040) (2,694)
Issuance of common stock, net 342,469 299,847 0
Cash distribution to common stockholders (728,546) (521,046) (336,085)
Cash distribution to redeemable OP unitholders (4,446) (2,359) 0
Purchases of redeemable OP units (4,601) (185) 0
Distributions to noncontrolling interest (5,215) (2,556) (8,082)
Other 20,703 2,491 14,223
Net cash provided by (used in) financing activities 1,198,914 248,282 (231,452)
Net increase (decrease) in cash and cash equivalents 22,041 24,040 (85,750)
Effect of foreign currency translation on cash and cash equivalents 60 (45) 165
Cash and cash equivalents at beginning of period 45,807 21,812 107,397
Cash and cash equivalents at end of period 67,908 45,807 21,812
Supplemental disclosure of cash flow information:      
Interest paid including swap payments and receipts 329,655 257,175 161,352
Assets and liabilities assumed from acquisitions:      
Real estate investments 582,694 10,973,093 125,846
Utilization of funds held for an Internal Revenue Code Section 1031 exchange (134,003) 0 0
Other assets acquired 77,730 594,176 (385)
Debt assumed 412,825 3,651,089 125,320
Other liabilities 70,391 952,279 141
Deferred income tax liability 4,299 43,889 0
Redeemable OP unitholder interests 0 100,888 0
Noncontrolling interests 34,580 81,192 0
Equity issued 4,326 6,737,932 0
Debt transferred on the sale of assets $ 14,535 $ 0 $ 0