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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Operating Activities    
Consolidated net loss $ (13,747) $ (52,666)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 177,305 148,464
Net gain on sale of marketable securities (3,123)  
Net gain on the sale of depreciable property (44,699) (156)
Other debt charges 4,059 1,030
Write off of bad debt 1,241 1,208
Loss from unconsolidated entities 2,680 1,922
Amortization of deferred financing costs and other 4,238 3,939
Amortization of deferred compensation 5,105 6,008
Amortization of convertible debt discount 719 1,895
Changes in income tax accruals 988 (292)
Changes in operating assets and liabilities:    
(Increase)/decrease in operating assets (10,642) 2,973
Decrease in operating liabilities (9,049) (12,546)
Net cash provided by operating activities 115,075 101,779
Investing Activities    
Proceeds from sales of real estate investments, net 29,363  
Proceeds from sale of marketable securities 3,497  
Payments related to the buyout of joint venture partner   (16,141)
Acquisition of real estate assets (net of liabilities assumed) and initial capital expenditures (109,148)  
Cash paid in nonmonetary asset exchange (28,124)  
Development of real estate assets (44,547) (61,771)
Capital expenditures and other major improvements - real estate assets, net of escrow reimbursement (37,691) (36,432)
Capital expenditures - non-real estate assets (2,477) (2,645)
Investment in unconsolidated joint ventures (33,245) (5,681)
Distributions received from unconsolidated joint venture 488 479
Purchase deposits on pending real estate acquisitions (44,176)  
Net cash used in investing activities (266,060) (122,191)
Financing Activities    
Payments on secured debt (204,896) (83,845)
Proceeds from the issuance of secured debt 19,204 51,880
Proceeds from the issuance of unsecured debt 296,964 149,190
Payments on unsecured debt (167,790) (79,488)
Net proceeds/(repayment) of revolving bank debt (26,750) (55,400)
Payment of financing costs (3,380) (2,491)
Issuance of common and restricted stock, net 3,832 4,376
Proceeds from the issuance of common shares through public offering, net 325,106 103,444
Payments for the repurchase of Series G preferred stock, net (3,597) (637)
Distributions paid to non-controlling interests (2,952) (2,685)
Distributions paid to preferred stockholders (4,696) (4,751)
Distributions paid to common stockholders (67,912) (57,092)
Net cash provided by financing activities 163,133 22,501
Net increase in cash and cash equivalents 12,148 2,089
Cash and cash equivalents, beginning of period 9,486 5,985
Cash and cash equivalents, end of period 21,634 8,074
Supplemental Information:    
Interest paid during the period, net of amounts capitalized 83,233 78,991
Non-cash transactions:    
Properties acquired, including intengibles in asset exchange 268,853  
Properties disposed in asset exchange, net of accumulated depreciation 192,576  
OP Units issued in partial consideration for property acquisition 62,878  
Secured debt assumed in the acquisitions of properties, including asset exchange 247,805  
Secured debt transferred in asset exchange 55,356  
Fair market value adjustment of secured debt assumed in acquisitions of properties, including asset exchange 21,915  
Issuance of restricted stock awards 6 16
Conversion of operating partnership non-controlling interests to common stock (1,894 shares in 2011 and 39,638 shares in 2010) 48 551
Retirement of fully depreciated assets   $ 7,183