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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net income $ 48,199 $ 736,961
Depreciation and amortization of real estate, in-place lease and other intangibles 369,629 343,496
Amortization of market lease intangibles, net (980) (619)
Amortization of deferred compensation 21,068 16,467
Amortization of deferred financing costs, net 14,950 14,122
Straight-line rents (24,817) (35,082)
Loan and direct financing lease interest accretion (71,243) (58,271)
Deferred rental revenues (1,496) (420)
Equity income from unconsolidated joint ventures (33,916) (39,388)
Distributions of earnings from unconsolidated joint ventures 4,587 3,895
Lease termination income, net (1,103) (38,001)
Gain on sales of real estate (6,377) (28,010)
Foreign exchange and other (gains) losses, net (7,103) (2,143)
Impairments 620,155  
Changes in:    
Accounts receivable, net (10,634) (7,193)
Other assets (1,186) (14,345)
Accounts payable and other accrued liabilities (52,073) (8,447)
Net cash provided by operating activities 867,660 883,022
Cash flows from investing activities:    
Acquisition of RIDEA III, net (770,325)  
Cash used to acquire the CCRC unconsolidated joint venture interest, net   (370,186)
Acquisitions of other real estate (430,336) (467,147)
Development of real estate (190,082) (118,732)
Leasing costs and tenant and capital improvements (52,371) (44,953)
Proceeds from sales of real estate, net 19,555 36,938
Contributions to unconsolidated joint ventures (43,242) (2,935)
Distributions in excess of earnings from unconsolidated joint ventures 16,086 1,986
Proceeds from sales of marketable securities 782  
Principal repayments on loans receivable 51,491 49,503
Investments in loans receivable and other (283,252) (24,480)
(Increase) decrease in restricted cash (3,891) (17,219)
Net cash used in investing activities (1,685,585) (957,225)
Cash flows from financing activities:    
Net borrowings under bank line of credit 282,099 70,000
Repayments under bank line of credit (102,063)  
Borrowings under term loan 333,014  
Issuance of senior unsecured notes 1,338,555 1,150,000
Repayments of senior unsecured notes (400,000) (487,000)
Issuance of mortgage and other debt   39,671
Repayments of mortgage and other debt (50,187) (202,134)
Deferred financing costs (14,556) (16,550)
Issuance of common stock and exercise of options 169,497 73,059
Repurchase of common stock (8,006) (11,599)
Dividends paid on common and preferred stock (783,578) (750,835)
Issuance of noncontrolling interests 4,812 4,282
Distributions to noncontrolling interests (13,707) (11,719)
Net cash provided by (used in) financing activities 755,880 (142,825)
Effect of foreign exchange on cash and cash equivalents (1,267) 3
Net increase (decrease) in cash and cash equivalents (63,312) (217,025)
Cash and cash equivalents, beginning of year 183,810 300,556
Cash and cash equivalents, end of year $ 120,498 $ 83,531