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Consolidated Statements of Cash Flows (Unaudited) (USD $)
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Operating activities    
Net income $ 65,200,000 $ 71,799,000
Adjustments to reconcile net income to net cash provided from (used in) operating activities:    
Depreciation and amortization 233,318,000 187,122,000
Other amortization expenses 1,672,000 4,194,000
Stock-based compensation expense 7,667,000 10,508,000
Loss (gain) on derivatives, net 0 2,309,000
Loss (gain) on extinguishment of debt, net 148,000 308,000
Income (loss) from unconsolidated entities 5,556,000 (2,262,000)
Rental income in excess of cash received (15,323,000) (2,538,000)
Amortization related to above (below) market leases, net 266,000 172,000
Loss (gain) on sales of properties, net 0 (82,492,000)
Distributions by unconsolidated entities 4,560,000 0
Increase (decrease) in accrued expenses and other liabilities (25,532,000) 18,276,000
Decrease (increase) in receivables and other assets (18,575,000) (6,972,000)
Net cash provided from (used in) operating activities 258,661,000 199,808,000
Investing activities    
Cash disbursed for acquisitions (55,041,000) (1,786,396,000)
Cash disbursed for capital improvements to existing properties (27,406,000) (24,129,000)
Cash disbursed for construction in progress (52,717,000) (40,053,000)
Capitalized interest (1,605,000) (1,606,000)
Investment in real estate loans receivable (29,709,000) (11,971,000)
Other investments, net of payments 1,787,000 (1,978,000)
Principal collected on real estate loans receivable 10,646,000 49,926,000
Contributions to unconsolidated entities (214,832,000) (359,575,000)
Distributions by unconsolidated entities 12,462,000 9,916,000
Proceeds from (payments on) derivatives investing 0 (2,604,000)
Decrease (increase) in restricted cash 5,024,000 (94,840,000)
Proceeds from sales of real property 0 294,607,000
Net cash provided from (used in) investing activities (351,391,000) (1,968,703,000)
Financing activities    
Net increase (decrease) under unsecured lines of credit arrangements 432,000,000 710,000,000
Proceeds from issuance of senior unsecured notes 0 497,862,000
Payments to extinguish senior unsecured notes (1,000) 0
Secured debt issued 10,690,000 0
Payments on secured debt (129,539,000) (18,931,000)
Net proceeds from the issuance of common stock 63,755,000 45,377,000
Decrease (increase) in deferred loan expenses (2,284,000) (9,650,000)
Contributions by noncontrolling interests 778,000 [1] 1,420,000 [1]
Distributions to noncontrolling interests (7,386,000) [1] (4,522,000) [1]
Acquisitions of noncontrolling interests (1,175,000) 0
Cash distributions to stockholders (247,154,000) (216,148,000)
Other financing activities (87,000) (992,000)
Net cash provided from (used in) financing activities 119,597,000 1,004,416,000
Effect of foreign currency translation on cash and cash equivalents 281,000 557,000
Increase (decrease) in cash and cash equivalents 27,148,000 (763,922,000)
Cash and cash equivalents at beginning of period 158,780,000 1,033,764,000
Cash and cash equivalents at end of period 185,928,000 269,842,000
Supplemental cash flow information:    
Interest paid 126,302,000 99,202,000
Income taxes paid $ 10,064,000 $ 920,000
[1]
(1) Includes amounts attributable to redeemable noncontrolling interests.