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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net income (loss) $ 239,091 $ 480,558
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization of real estate, in-place lease and other intangibles 418,740 397,893
Amortization of deferred compensation 13,098 10,865
Amortization of deferred financing costs 9,760 11,141
Straight-line rents (20,888) (12,236)
Equity loss (income) from unconsolidated joint ventures 442 (4,571)
Distributions of earnings from unconsolidated joint ventures 17,519 27,692
Deferred income tax expense (benefit) (12,831) (17,786)
Impairments (recoveries), net 19,180 82,010
Loss on extinguishment of debt 43,899 54,227
Loss (gain) on sales of real estate, net (162,211) (322,852)
Loss (gain) on consolidation, net 41,017 0
Casualty-related loss (recoveries), net 0 9,912
Loss (gain) on sale of marketable securities 0 (50,895)
Other non-cash items (1,033) (1,529)
Decrease (increase) in accounts receivable and other assets, net (4,665) (2,221)
Increase (decrease) in accounts payable and accrued liabilities 31,800 (24,312)
Net cash provided by (used in) operating activities 632,918 637,896
Cash flows from investing activities:    
Acquisitions of other real estate (315,392) (135,816)
Development and redevelopment of real estate (341,906) (261,510)
Leasing costs, tenant improvements, and recurring capital expenditures (70,237) (75,211)
Proceeds from sales of real estate, net 686,222 1,249,993
Contributions to unconsolidated joint ventures (10,815) (25,776)
Distributions in excess of earnings from unconsolidated joint ventures 19,631 4,845
Proceeds from the RIDEA II transaction, net 335,709 462,242
Proceeds from the U.K. JV transaction, net 393,997 0
Proceeds from sales/principal repayments on debt investments and direct financing leases 147,435 550,270
Investments in loans receivable, direct financing leases and other (27,110) (28,339)
Net cash provided by (used in) investing activities 817,534 1,740,698
Cash flows from financing activities:    
Borrowings under bank line of credit, net 1,203,000 23,419
Repayments under bank line of credit (1,580,668) (339,826)
Issuance and borrowings of debt, excluding bank line of credit 223,587 5,395
Repayments and repurchase of debt, excluding bank line of credit (927,869) (1,466,946)
Payments for debt extinguishment and deferred financing costs (41,552) (51,415)
Issuance of common stock and exercise of options 4,686 18,118
Repurchase of common stock (3,342) (4,459)
Dividends paid on common stock (522,566) (520,779)
Issuance of noncontrolling interests 298,929 1,050
Distributions to and purchase of noncontrolling interests (78,364) (19,520)
Net cash provided by (used in) financing activities (1,424,159) (2,354,963)
Effect of foreign exchange on cash, cash equivalents and restricted cash 245 401
Net increase (decrease) in cash, cash equivalents and restricted cash 26,538 24,032
Cash, cash equivalents and restricted cash, beginning of period 82,203 136,990
Cash, cash equivalents and restricted cash, end of period $ 108,741 $ 161,022