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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Operating Activities  
Consolidated net loss$ (27,533)$ (77,271)
Adjustments to reconcile net loss to net cash provided by operating activities:  
Depreciation and amortization276,008225,246
Net gain on sale of marketable securities(3,123) 
Net gain on sale of cost investments(2,550) 
Net gain on the sale of depreciable property(56,063)(4,034)
Other Debt charges4,0521,121
Write off of bad debt2,3222,036
Loss from unconsolidated entities4,2602,757
Amortization of deferred financing costs and other6,4015,861
Amortization of deferred compensation7,6509,079
Amortization of convertible debt discount1,0772,754
Changes in income tax accruals1,011(2,702)
Changes in operating assets and liabilities:  
Increase in operating assets(30,395)(10,364)
(Increase)/decrease in operating liabilities(196)3,006
Net cash provided by operating activities182,921157,489
Investing Activities  
Proceeds from sales of real estate investments, net77,13020,688
Proceeds from sale of marketable securities4,541 
Payments related to the buyout of joint venture partner (16,141)
Acquisition of real estate assets (net of liabilities assumed) and initial capital expenditures(943,045)(342,697)
Cash paid in nonmonetary asset exchange.(28,124) 
Development of real estate assets(70,574)(79,718)
Capital expenditures and other major improvements - real estate assets, net of escrow reimbursement(68,125)(52,681)
Capital expenditures - non-real estate assets(12,260)(3,332)
Investment in unconsolidated joint ventures(47,509)(5,697)
Distributions received from unconsolidated joint venture4,592730
Purchase deposits on pending real estate acquisitions(3,410) 
Net cash used in investing activities(1,086,784)(478,848)
Financing Activities  
Payments on secured debt(222,767)(99,745)
Proceeds from the issuance of secured debt30,54262,833
Proceeds from the issuance of unsecured debt296,964149,190
Payments on unsecured debt(264,829)(79,488)
Net proceeds/(repayment) of revolving bank debt330,250(76,700)
Payment of financing costs(4,192)(5,040)
Issuance of common and restricted stock, net3,8324,680
Proceeds from the issuance of common shares through public offering, net864,310467,783
Payments from the repurchase of Series G preferred stock, net(3,597)(637)
Distributions paid to non-controlling interests(8,717)(3,069)
Distributions paid to preferred stockholders(7,003)(7,119)
Distributions paid to common stockholders(106,934)(87,207)
Net cash provided by/(used in) financing activities907,859325,481
Net increase in cash and cash equivalents3,9964,122
Cash and cash equivalents, beginning of period9,4865,985
Cash and cash equivalents, end of period13,48210,107
Supplemental Information:  
Interest paid during the period, net of amounts capitalized128,021120,424
Non-cash transactions:  
Real estate acquired in asset exchange268,853 
Real estate disposed in asset exchange192,576 
Contingent consideration accrued in business combination3,000 
OP Units issued in partial consideration for property acquisition111,034 
Secured debt assumed in the acquisitions of properties, including asset exchange247,80591,442
Secured debt transferred in asset exchange55,356 
Fair market value of secured debt assumed in acquisitions of properties, including asset exchange26,8801,820
Non-cash consideration to acquire non-real estate asset6,864 
Issuance of restricted stock awards616
Fair market value of land contributed by non-controlling interest4,078 
Conversion of operating partnership non-controlling interests to common stock (4,453 shares in 2011 and 445,560 shares in 2010)1098,320
Retirement of fully depreciated assets $ 8,680