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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net income $ 68,780 $ 112,133
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization (including amounts in discontinued operations) 132,514 102,722
Amortization of deferred revenue and lease intangibles, net (5,333) (2,943)
Other amortization expenses 3,366 4,367
Capital lease non-cash interest (307)  
Change in fair value of interest rate swaps (8,887)  
Stock-based compensation 8,368 6,089
Straight-lining of rental income (3,749) (4,975)
Loss on extinguishment of debt 16,526 6,549
Net gain on sale of real estate assets (including amounts in discontinued operations)   (5,225)
Gain on real estate loan investments (3,255)  
Gain on sale of marketable securities (733)  
Income tax (benefit) expense (9,404) 695
Loss from unconsolidated entities 253  
Other 689 (238)
Changes in operating assets and liabilities:    
Increase in other assets (9,940) (5,174)
Increase (decrease) in accrued interest 4,008 (1,292)
Decrease in accounts payable and other liabilities (6,596) (4,991)
Net cash provided by operating activities 186,300 207,717
Cash flows from investing activities:    
Net investment in real estate property (264,464) (22,915)
Purchase of noncontrolling interest (3,319)  
Investment in loans receivable (612,925) (15,796)
Proceeds from real estate disposals   23,029
Proceeds from loans receivable 132,363 1,323
Proceeds from sale of marketable securities 23,050  
Capital expenditures (19,236) (7,078)
Other (75)  
Net cash used in investing activities (744,606) (21,437)
Cash flows from financing activities:    
Net change in borrowings under revolving credit facilities 99,500 117,280
Proceeds from debt 704,111 696
Repayment of debt (337,427) (215,171)
Payment of deferred financing costs (1,363) (1,840)
Issuance of common stock, net 299,884  
Cash distribution to common stockholders (201,949) (167,829)
Contributions from noncontrolling interest   633
Distributions to noncontrolling interest (616) (4,277)
Other 955 4,673
Net cash provided by (used in) financing activities 563,095 (265,835)
Net increase (decrease) in cash and cash equivalents 4,789 (79,555)
Effect of foreign currency translation on cash and cash equivalents 101 (48)
Cash and cash equivalents at beginning of period 21,812 107,397
Cash and cash equivalents at end of period 26,702 27,794
Assets and liabilities assumed from acquisitions:    
Real estate investments 3,140,924 496
Other assets acquired 110,722 (355)
Debt assumed 1,621,641  
Other liabilities 200,962 141
Deferred taxes 48,087  
Equity issued $ 1,380,956