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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities:    
Net income $ 369,541 $ 346,230
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization (including amounts in discontinued operations) 587,176 569,325
Amortization of deferred revenue and lease intangibles, net (14,775) (11,159)
Other non-cash amortization (616) (13,376)
Stock-based compensation 16,792 15,010
Straight-lining of rental income, net (29,644) (21,165)
Loss (gain) on extinguishment of debt, net 5,079 (1,062)
Gain on real estate dispositions (including amounts in discontinued operations) (17,726) (2,241)
Gain on real estate loan investments (249) (3,598)
Gain on sale of marketable securities 0 (856)
Income tax expense (benefit) 4,420 (13,100)
(Income) loss from unconsolidated entities (549) 707
Gain on re-measurement of equity interest upon acquisition, net 0 (1,241)
Other 13,599 6,133
Changes in operating assets and liabilities:    
Increase in other assets (3,306) (28,132)
Increase in accrued interest 14,835 14,624
Decrease in accounts payable and other liabilities (24,605) (20,670)
Net cash provided by operating activities 919,972 835,429
Cash flows from investing activities:    
Net investment in real estate property (1,184,036) (1,358,766)
Purchase of noncontrolling interest (3,588) (7,895)
Investment in loans receivable and other (66,436) (34,717)
Proceeds from real estate disposals 112,746 29,191
Proceeds from loans receivable 55,573 299,156
Purchase of marketable securities (46,689) 0
Proceeds from sale or maturity of marketable securities 21,689 5,493
Funds held in escrow for future development expenditures 2,602 15,189
Development project expenditures (71,375) (74,707)
Capital expenditures (56,235) (50,634)
Other (421) (411)
Net cash used in investing activities (1,236,170) (1,178,101)
Cash flows from financing activities:    
Net change in borrowings under credit facilities (153,684) (92,586)
Proceeds from debt 2,007,707 1,766,844
Repayment of debt (905,117) (840,532)
Payment of deferred financing costs (14,946) (19,977)
Issuance of common stock, net 0 106,002
Cash distribution to common stockholders (640,414) (588,770)
Cash distribution to redeemable OP unitholders (4,214) (3,479)
Purchases of redeemable OP units 0 (317)
Contributions from noncontrolling interest 0 2,094
Distributions to noncontrolling interest (6,760) (7,614)
Other (551) 7,830
Net cash provided by financing activities 282,021 329,495
Net decrease in cash and cash equivalents (34,177) (13,177)
Effect of foreign currency translation on cash and cash equivalents 3,956 (59)
Cash and cash equivalents at beginning of period 94,816 67,908
Cash and cash equivalents at end of period 64,595  
Assets and liabilities assumed from acquisitions:    
Real estate investments 353,995 221,447
Other assets acquired 3,683 6,526
Debt assumed 228,150 183,848
Other liabilities 19,441 27,583
Deferred income tax liability 110,087 4,849
Noncontrolling interests $ 0 $ 11,693