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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities:    
Net income $ 346,230 $ 275,649
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization (including amounts in discontinued operations) 569,325 563,027
Amortization of deferred revenue and lease intangibles, net (11,159) (12,965)
Other non-cash amortization (13,376) (31,326)
Stock-based compensation 15,010 16,529
Straight-lining of rental income, net (21,165) (16,712)
(Gain) loss on extinguishment of debt, net (1,062) 38,339
Gain on real estate dispositions, net (including amounts in discontinued operations) (2,241) (79,148)
(Gain) loss on real estate loan investments (3,598) 559
Gain on sale of marketable debt securities (856) 0
Income tax benefit (including amounts in discontinued operations) (13,100) (2,731)
Loss (income) from unconsolidated entities 707 (1,260)
Gain on re-measurement of equity interest upon acquisition, net (1,241) (16,645)
Other 6,133 6,472
Changes in operating assets and liabilities:    
Increase in other assets (28,132) (11,930)
Increase in accrued interest 14,624 18,730
Decrease in accounts payable and other liabilities (20,670) (37,269)
Net cash provided by operating activities 835,429 709,319
Cash flows from investing activities:    
Net investment in real estate property (1,358,766) (1,154,912)
Purchase of noncontrolling interest (7,895) (3,934)
Investment in loans receivable and other (34,717) (30,523)
Proceeds from real estate disposals 29,191 75,145
Proceeds from loans receivable 299,156 34,817
Proceeds from Sale and Maturity of Marketable Securities 5,493 0
Funds held in escrow for future development expenditures 15,189 0
Development project expenditures (74,707) (90,119)
Capital expenditures (50,634) (42,270)
Other (411) (2,110)
Net cash used in investing activities (1,178,101) (1,213,906)
Cash flows from financing activities:    
Net change in borrowings under revolving credit facility (92,586) 248,921
Proceeds from debt 1,766,844 1,568,382
Repayment of debt (840,532) (1,103,000)
Payment of deferred financing costs (19,977) (4,257)
Issuance of common stock, net 106,002 342,469
Cash distribution to common stockholders (588,770) (545,240)
Cash distribution to redeemable OP unitholders (3,479) (3,358)
Contributions from Noncontrolling Interests 2,094 0
Purchases of redeemable OP units (317) (1,760)
Distributions to noncontrolling interest (7,614) (4,035)
Other 7,830 19,130
Net cash provided by financing activities 329,495 517,252
Net (decrease) increase in cash and cash equivalents (13,177) 12,665
Effect of foreign currency translation on cash and cash equivalents (59) 58
Cash and cash equivalents at beginning of period 67,908 45,807
Cash and cash equivalents at end of period 54,672  
Assets and liabilities assumed from acquisitions:    
Real estate investments 221,447 497,755
Utilization of funds held for an Internal Revenue Code Section 1031 exchange 0 (134,003)
Other assets acquired 6,526 99,889
Debt assumed 183,848 367,902
Other liabilities 27,583 60,684
Deferred income tax liability 4,849 4,299
Noncontrolling interests 11,693 26,430
Equity issued 0 4,326
Debt transferred on the sale of assets $ 0 $ 14,535