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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net (loss) income $ 54,419 $ 2,453
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 957,185 873,620
Amortization of deferred revenue and lease intangibles, net (44,543) (48,462)
Other non-cash amortization 15,499 9,483
Allowance on loans receivable and investments (20,195) (179)
Stock-based compensation 25,298 28,786
Straight-lining of rental income (4,425) (10,131)
(Gain) loss on extinguishment of debt, net (6,189) 581
Gain on real estate dispositions (22,317) (2,557)
Income tax benefit (19,230) (16,961)
(Gain) loss and other from unconsolidated entities (20,512) 3,352
Gain on foreclosure of real estate (29,127) 0
Distributions from unconsolidated entities 12,953 15,467
Other (15,777) 36,422
Changes in operating assets and liabilities:    
Increase (Decrease) in Other Operating Assets (55,339) (53,433)
Increase (Decrease) in Interest Payable, Net 3,775 (12,772)
Increase (Decrease) in Accounts Payable and Accrued Liabilities 9,314 27,241
Net cash provided by operating activities 840,789 852,910
Cash flows from investing activities:    
Net investment in real estate property (4,625) (439,299)
Investment in loans receivable (883) (5,337)
Proceeds from real estate disposals 167,296 12,481
Proceeds from loans receivable 44,036 692
Proceeds from sale of interest in unconsolidated entities 50,054 0
Net cash assumed in foreclosure of real estate 11,615 0
Development project expenditures (239,639) (126,988)
Capital expenditures (160,369) (154,761)
Distributions from unconsolidated entities 74,670 28,311
Investment in unconsolidated entities (97,989) (50,402)
Insurance proceeds for property damage claims 14,446 9,982
Net cash used in investing activities (141,388) (725,321)
Cash flows from financing activities:    
Net change in borrowings under revolving credit facilities 6,169 (19,442)
Net change in borrowings under commercial paper program (402,354) 97,066
Proceeds from debt 2,404,069 888,927
Repayment of debt (1,891,003) (513,606)
Purchase of noncontrolling interests (110) (170)
Payment of deferred financing costs (39,225) (7,664)
Issuance of common stock, net 108,455 0
Cash distribution to common stockholders (542,236) (540,205)
Cash distribution to redeemable OP unitholders (4,642) (4,732)
Cash issued for redemption of OP Units (845) (328)
Contributions from noncontrolling interests 11,187 51
Distributions to noncontrolling interests (20,867) (27,152)
Proceeds from stock option exercises 1,736 8,691
Other (8,628) (6,392)
Net cash used in financing activities (378,294) (124,956)
Net increase in cash, cash equivalents and restricted cash 321,107 2,633
Effect of foreign currency translation (106) (3,592)
Cash, cash equivalents and restricted cash at beginning of period 170,745 196,597
Cash, cash equivalents and restricted cash at end of period 491,746 195,638
Assets acquired and liabilities assumed from acquisitions and other:    
Real estate investments 0 16,599
Other assets 7,873 856
Other liabilities 9,000 7,747
Deferred income tax liability 12,382 960
Noncontrolling interests 0 3,351
Settlement of loan receivable 486,082 0
Real estate received in settlement of loan receivable 1,566,395 0
Assumption of debt related to real estate owned 1,016,804 0
Investment in unconsolidated entities $ 0 $ 8,100