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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Operating activities    
Net income $ 134,329 $ 118,018
Adjustments to reconcile net income to net cash provided from (used in) operating activities:    
Depreciation and amortization 260,385 185,821
Other amortization expenses 8,519 7,900
Provision for loan losses 0 416
Impairment of assets 0 202
Stock-based compensation expense 13,634 7,274
Unrealized loss (gain) on derivatives 2,121 0
Loss (gain) on extinguishment of debt 576 0
Income from unconsolidated entities (2,989) (2,514)
Rental income in excess of cash received (20,793) (9,304)
Amortization related to above (below) market leases, net (205) (1,056)
Loss (gain) on sales of properties (33,219) (56,380)
Distributions by unconsolidated entities 4,123 0
Increase (decrease) in accrued expenses and other liabilities 16,355 38,416
Decrease (increase) in receivables and other assets (27,556) (47,195)
Net cash provided from (used in) operating activities 351,038 241,598
Investing activities    
Investment in real property, net of cash acquired (1,158,266) (3,370,597)
Capitalized interest (4,558) (6,979)
Investment in real estate loans receivable (20,354) (28,467)
Other investments, net of payments 20,147 1,743
Principal collected on real estate loans receivable 12,861 138,396
Contributions to unconsolidated entities (227,554) (779)
Distributions by unconsolidated entities 0 1,069
Proceeds from (payments on) derivatives 2,217 0
Decrease (increase) in restricted cash (9,024) 42,023
Proceeds from sales of real property 156,689 208,692
Net cash provided from (used in) investing activities (1,227,842) (3,014,899)
Financing activities    
Net increase (decrease) under unsecured lines of credit arrangements (217,000) (300,000)
Proceeds From Issuance Of Unsecured Debt 593,319 1,381,086
Payments to extinguish senior unsecured notes (125,585) 0
Secured debt issued 139,395 58,470
Payments on secured debt (254,175) (13,081)
Net proceeds from the issuance of common stock 1,120,265 1,421,495
Net proceeds from the issuance of preferred stock 277,688 696,437
Redemption of preferred stock 275,000 0
Decrease (increase) in deferred loan expenses (4,698) (11,603)
Contributions by noncontrolling interests 11,110 [1] 9,087 [1]
Distributions to noncontrolling interests (9,673) [1] (16,804) [1]
Cash distributions to stockholders (337,429) (254,598)
Net cash provided from (used in) financing activities 918,217 2,970,489
Effect of foreign currency translation on cash and cash equivalents 0 0
Increase (decrease) in cash and cash equivalents 41,413 197,188
Cash and cash equivalents at beginning of period 163,482 131,570
Cash and cash equivalents at end of period 204,895 328,758
Supplemental cash flow information:    
Interest paid 180,460 112,711
Income taxes paid $ 2,729 $ 31
[1] Includes amounts attributable to redeemable noncontrolling interests.