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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating activities    
Net income (loss) $ 730,961 $ 739,134
Adjustments to reconcile net income to net cash provided from (used in) operating activities:    
Depreciation and amortization 673,326 603,431
Other amortization expenses 5,419 3,867
Asset Impairment Charges 24,019 2,220
Stock-based compensation expense 20,618 25,655
Loss (gain) on derivatives, net (2,516) (58,427)
Loss (gain) on extinguishment of debt, net 9 34,872
Income from unconsolidated entities 7,528 18,231
Rental income in excess of cash received (60,212) (86,739)
Amortization related to above (below) market leases, net 362 2,863
Net loss (gain) on sales of properties (163,881) (249,002)
Distributions by unconsolidated entities 473 435
Increase (decrease) in accrued expenses and other liabilities 71,797 42,759
Decrease (increase) in receivables and other assets (35,557) (42,975)
Net cash provided from (used in) operating activities 1,272,346 1,036,324
Investing activities    
Cash disbursed for acquisitions (1,448,126) (2,489,345)
Cash disbursed for capital improvements to existing properties (141,200) (122,640)
Cash disbursed for construction in progress (325,372) (165,311)
Capitalized interest (12,109) (6,311)
Investment in real estate loans receivable (105,496) (445,985)
Other investments, net of payments (88,398) (129,311)
Principal collected on real estate loans receivable 225,092 71,111
Contributions to unconsolidated entities (41,747) (139,295)
Distributions by unconsolidated entities 72,564 139,557
Proceeds from (payments on) derivatives investing 56,842 103,615
Decrease (increase) in restricted cash (21,218) 10,512
Proceeds from sales of real property 538,032 667,761
Net cash provided from (used in) investing activities (1,291,136) (2,505,642)
Financing activities    
Net increase (decrease) under unsecured lines of credit arrangements 515,000 490,000
Proceeds from issuance of senior unsecured notes 693,560 743,407
Payments to extinguish senior unsecured notes (400,000) (534,546)
Secured debt issued 193,541 222,612
Payments on secured debt (471,898) (469,455)
Net proceeds from the issuance of common stock 520,067 1,641,981
Decrease (increase) in deferred loan costs (18,831) (7,834)
Contributions by noncontrolling interests [1] 142,381 163,105
Distributions to noncontrolling interests [1] (106,076) (27,439)
Acquisitions of noncontrolling interests 0 (3,154)
Cash distributions to stockholders (970,436) (901,618)
Other financing activities (1,119) (27,114)
Net cash provided from (used in) financing activities 96,189 1,289,945
Effect of foreign currency translation on cash and cash equivalents (9,690) (2,311)
Increase (decrease) in cash and cash equivalents 67,709 (181,684)
Cash and cash equivalents at beginning of period 360,908 473,726
Cash and cash equivalents at end of period 428,617 292,042
Supplemental cash flow information:    
Interest paid 360,421 334,511
Income taxes paid $ 7,070 $ 11,489
[1] (1) Includes amounts attributable to redeemable noncontrolling interests.