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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating activities    
Net income (loss) $ 337,610 $ 165,474
Adjustments to reconcile net income to net cash provided from (used in) operating activities:    
Depreciation and amortization 228,276 228,696
Other amortization expenses 3,361 1,118
Asset Impairment Charges 11,031 14,314
Stock-based compensation expense 4,906 8,186
Loss (gain) on derivatives, net 1,224 0
Loss (gain) on extinguishment of debt, net 31,356 (24)
Income from unconsolidated entities 23,106 3,820
Rental income in excess of cash received (18,141) (29,669)
Amortization related to above (below) market leases, net 8 230
Net loss (gain) on sales of properties (244,092) 0
Distributions by unconsolidated entities 474 174
Increase (decrease) in accrued expenses and other liabilities 19,478 (13,526)
Decrease (increase) in receivables and other assets (13,071) 1,816
Net cash provided from (used in) operating activities 385,526 380,609
Investing activities    
Cash disbursed for acquisitions (102,356) (171,482)
Cash disbursed for capital improvements to existing properties (42,115) (35,025)
Cash disbursed for construction in progress (69,334) (66,739)
Capitalized interest (4,129) (3,037)
Investment in real estate loans receivable (25,375) (27,251)
Other investments, net of payments 48,311 (30,773)
Principal collected on real estate loans receivable 8,792 93,774
Contributions to unconsolidated entities (13,073) (12,784)
Distributions by unconsolidated entities 24,161 11,747
Proceeds from (payments on) derivatives investing 8,218 0
Decrease (increase) in restricted cash 145,065 (394)
Proceeds from sales of real property 1,087,074 0
Net cash provided from (used in) investing activities 1,065,239 (241,964)
Financing activities    
Net increase (decrease) under unsecured lines of credit arrangements (123,000) (190,000)
Proceeds from issuance of senior unsecured notes 0 688,560
Payments to extinguish senior unsecured notes 0 (400,000)
Secured debt issued 12,536 75,136
Payments on secured debt (822,438) (130,343)
Net proceeds from the issuance of common stock 119,651 93,433
Redemption of preferred stock (287,500) 0
Decrease (increase) in deferred loan costs (36,674) (1,217)
Contributions by noncontrolling interests [1] 2,667 126,142
Distributions to noncontrolling interests [1] (20,014) (76,222)
Acquisitions of noncontrolling interests (38) 0
Cash distributions to stockholders (329,794) (322,122)
Other financing activities (8,022) (7,294)
Net cash provided from (used in) financing activities (1,492,626) (143,927)
Effect of foreign currency translation on cash and cash equivalents 2,843 323
Increase (decrease) in cash and cash equivalents (39,018) (4,959)
Cash and cash equivalents at beginning of period 419,378 360,908
Cash and cash equivalents at end of period 380,360 355,949
Supplemental cash flow information:    
Interest paid 109,438 134,872
Income taxes paid $ 3,349 $ 2,431
[1]
(1) Includes amounts attributable to redeemable noncontrolling interests.