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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating activities      
Net income (loss) $ 888,549 $ 512,300 $ 138,280
Adjustments to reconcile net income to net cash provided from (used in) operating activities:      
Depreciation and amortization expenses 826,240 844,130 873,960
Other amortization expenses 4,991 6,971 8,097
Provision for loan losses 0 0 2,110
Impairment of assets 2,220 0 0
Stock-based compensation expense 30,844 32,075 20,177
Loss on derivatives (58,427) (1,495) 4,470
Loss (gain) on extinguishment of debt, net 34,677 9,558 (909)
Income from unconsolidated entities 21,504 27,426 8,187
Rental income less than (in excess of) cash received (115,756) (74,552) (46,068)
Amortization related to above (below) market leases, net 4,018 739 460
Gain Loss On Sale Of Properties (280,387) (153,522) (49,138)
Other (income) expense 31,979 0 0
Distributions by unconsolidated entities operating 637 9,060 8,885
Increase (decrease) in accrued expenses and other liabilities (18,099) (48,381) 67,557
Decrease (increase) in receivables and other assets 478 (25,639) (47,571)
Net cash provided from (used in) operating activities 1,373,468 1,138,670 988,497
Investing activities      
Cash disbursed for acquisitions (3,364,891) (2,210,600) (3,597,955)
Cash disbursed for capital improvements to existing properties (187,752) (132,780) (135,832)
Cash disbursed for construction in progress (244,561) (197,881) (247,560)
Capitalized interest (8,670) (7,150) (6,700)
Investment in real estate loans receivable (598,722) (202,207) (117,059)
Other investments, net of payments (141,994) (100,033) (15,634)
Principal collected on real estate loans receivable 131,830 105,496 102,886
Contributions to unconsolidated entities (160,323) (353,496) (99,769)
Distributions by unconsolidated entities investing 130,880 57,183 30,853
Proceeds from (payments on) derivatives investing 106,360 10,269 (6,803)
Decrease (increase) in restricted cash 29,719 (6,072) 79,957
Proceeds from sales of real property 823,964 911,065 482,023
Net cash provided from (used in) investing activities (3,484,160) (2,126,206) (3,531,593)
Financing activities      
Net increase (decrease) under unsecured lines of credit arrangements 835,000 (130,000) 130,000
Proceeds from issuance of senior unsecured notes 1,451,434 773,992 1,756,192
Payments to extinguish senior unsecured notes (558,830) (365,188) (517,625)
Secured debt issued 228,685 109,503 89,208
Payments on secured debt (573,390) (341,839) (674,103)
Net proceeds from the issuance of common stock 1,755,722 2,343,868 1,854,637
Decrease (increase) in deferred loan expenses (11,513) (16,782) (13,503)
Contributions by noncontrolling interests 173,018 9,962 5,072
Distributions to noncontrolling interests (50,877) (43,691) (35,592)
Acquisitions of non controlling interests (5,663) (1,175) (23,247)
Cash distributions to stockholders (1,210,133) (1,035,069) (906,275)
Other financing activities (27,004) (409) 2,906
Net cash provided from (used in) financing activities 2,006,449 1,303,172 1,667,670
Effect of foreign currency translation on cash and cash equivalents (8,575) (690) 442
Increase (decrease) in cash and cash equivalents (112,818) 314,946 (874,984)
Cash and cash equivalents at beginning of period 473,726 158,780 1,033,764
Cash and cash equivalents at end of period 360,908 473,726 158,780
Supplemental cash flow information:      
Interest paid 492,771 504,165 447,108
Income taxes paid $ 12,214 $ 18,548 $ 12,110