XML 27 R6.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating activities      
Net income (loss) $ 1,082,070 $ 888,549 $ 512,300
Adjustments to reconcile net income to net cash provided from (used in) operating activities:      
Depreciation and amortization expenses 901,242 826,240 844,130
Other amortization expenses 8,822 4,991 6,971
Provision for loan losses 10,215 0 0
Impairment of assets 37,207 2,220 0
Stock-based compensation expense 28,869 30,844 32,075
Loss on derivatives (2,448) (58,427) (1,495)
Loss (gain) on extinguishment of debt, net 17,214 34,677 9,558
Income from unconsolidated entities 10,357 21,504 27,426
Rental income less than (in excess of) cash received (83,233) (115,756) (74,552)
Amortization related to above (below) market leases, net 322 4,018 739
Gain Loss On Sale Of Properties (364,046) (280,387) (153,522)
Other (income) expense (4,853) 31,979 0
Distributions by unconsolidated entities operating 1,065 637 9,060
Increase (decrease) in accrued expenses and other liabilities 3,929 (18,099) (48,381)
Decrease (increase) in receivables and other assets (18,037) 478 (25,639)
Net cash provided from (used in) operating activities 1,628,695 1,373,468 1,138,670
Investing activities      
Cash disbursed for acquisitions (2,145,590) (3,364,891) (2,210,600)
Cash disbursed for capital improvements to existing properties (219,146) (187,752) (132,780)
Cash disbursed for construction in progress (403,131) (244,561) (197,881)
Capitalized interest (16,943) (8,670) (7,150)
Investment in real estate loans receivable (129,884) (598,722) (202,207)
Other investments, net of payments 4,760 (141,994) (100,033)
Principal collected on real estate loans receivable 249,552 131,830 105,496
Contributions to unconsolidated entities (101,415) (160,323) (353,496)
Distributions by unconsolidated entities investing 119,723 130,880 57,183
Proceeds from (payments on) derivatives investing 108,347 106,360 10,269
Decrease (increase) in restricted cash (125,844) 29,719 (6,072)
Proceeds from sales of real property 2,350,068 823,964 911,065
Net cash provided from (used in) investing activities (309,503) (3,484,160) (2,126,206)
Financing activities      
Net increase (decrease) under unsecured lines of credit arrangements (190,000) 835,000 (130,000)
Proceeds from issuance of senior unsecured notes 693,560 1,451,434 773,992
Payments to extinguish senior unsecured notes (865,863) (558,830) (365,188)
Secured debt issued 460,015 228,685 109,503
Payments on secured debt (563,759) (573,390) (341,839)
Net proceeds from the issuance of common stock 534,194 1,755,722 2,343,868
Decrease (increase) in deferred loan expenses (22,196) (11,513) (16,782)
Contributions by noncontrolling interests [1] 148,666 173,018 9,962
Distributions to noncontrolling interests [1] (134,578) (50,877) (43,691)
Acquisitions of non controlling interests 0 (5,663) (1,175)
Cash distributions to stockholders (1,298,925) (1,210,133) (1,035,069)
Other financing activities (1,562) (27,004) (409)
Net cash provided from (used in) financing activities (1,240,448) 2,006,449 1,303,172
Effect of foreign currency translation on cash and cash equivalents (20,274) (8,575) (690)
Increase (decrease) in cash and cash equivalents 58,470 (112,818) 314,946
Cash and cash equivalents at beginning of period 360,908 473,726 158,780
Cash and cash equivalents at end of period 419,378 360,908 473,726
Supplemental cash flow information:      
Interest paid 541,545 492,771 504,165
Income taxes paid $ 8,011 $ 12,214 $ 18,548
[1]
Includes amounts attributable to redeemable noncontrolling interests.