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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Operating activities    
Net income $ 78,980 $ 134,329
Adjustments to reconcile net income to net cash provided from (used in) operating activities:    
Depreciation and amortization 387,599 260,385
Other amortization expenses 6,543 8,519
Provision for loan losses 0 0
Stock-based compensation expense 12,694 13,634
Loss (gain) on derivatives, net 407 2,121
Loss (gain) on extinguishment of debt, net (308) 576
Income from unconsolidated entities 3,198 (2,989)
Rental income in excess of cash received (18,463) (20,793)
Amortization related to above (below) market leases, net 245 (205)
Loss (gain) on sales of properties, net (52,495) (33,219)
Distributions by unconsolidated entities 0 4,123
Increase (decrease) in accrued expenses and other liabilities 25,507 16,355
Decrease (increase) in receivables and other assets (36,356) (27,556)
Net cash provided from (used in) operating activities 406,737 351,038
Investing activities    
Investment in real property, net of cash acquired (2,600,189) (1,158,266)
Capitalized interest (2,992) (4,558)
Investment in real estate loans receivable (53,072) (20,354)
Other investments, net of payments 8,051 20,147
Principal collected on real estate loans receivable 55,547 12,861
Contributions to unconsolidated entities (361,107) (227,554)
Distributions by unconsolidated entities 14,786 0
Proceeds from (payments on) derivatives (2,604) 2,217
Decrease (increase) in restricted cash (82,292) (9,024)
Proceeds from sales of real property 321,303 156,689
Net cash provided from (used in) investing activities (2,702,569) (1,227,842)
Financing activities    
Net increase (decrease) under unsecured lines of credit arrangements 0 (217,000)
Proceeds from issuance of senior unsecured notes 497,862 593,319
Payments to extinguish senior unsecured notes (3) (125,585)
Secured debt issued 71,340 139,395
Payments on secured debt (73,557) (252,135)
Net proceeds from the issuance of common stock 1,730,235 1,120,265
Net proceeds from the issuance of preferred stock 0 277,688
Redemption of preferred stock 0 (275,000)
Decrease (increase) in deferred loan expenses (10,790) (4,698)
Contributions by noncontrolling interests 3,730 11,110
Distributions to noncontrolling interests (9,860) (9,673)
Cash distributions to stockholders (433,018) (337,429)
Other financing activities (2,072) (2,040)
Net cash provided from (used in) financing activities 1,773,867 918,217
Effect of foreign currency translation on cash and cash equivalents 673 0
Increase (decrease) in cash and cash equivalents (521,292) 41,413
Cash and cash equivalents at beginning of period 1,033,764 163,482
Cash and cash equivalents at end of period 512,472 204,895
Supplemental cash flow information:    
Interest paid 196,980 180,460
Income taxes paid $ 2,625 $ 2,729