XML 22 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating activities    
Net income (loss) $ 541,052 $ 376,223
Adjustments to reconcile net income to net cash provided from (used in) operating activities:    
Depreciation and amortization 453,124 455,265
Other amortization expenses 7,789 3,141
Asset Impairment Charges 24,662 14,314
Stock-based compensation expense 9,669 15,217
Loss (gain) on derivatives, net 1,960 0
Loss (gain) on extinguishment of debt, net 36,870 9
Income from unconsolidated entities 27,084 5,778
Rental income in excess of cash received (41,325) (54,055)
Amortization related to above (below) market leases, net 48 332
Net loss (gain) on sales of properties (286,247) (1,530)
Distributions by unconsolidated entities 3,225 351
Increase (decrease) in accrued expenses and other liabilities 70,005 43,621
Decrease (increase) in receivables and other assets (3,807) (3,009)
Net cash provided from (used in) operating activities 844,109 855,657
Investing activities    
Cash disbursed for acquisitions (237,119) (287,455)
Cash disbursed for capital improvements to existing properties (93,147) (87,529)
Cash disbursed for construction in progress (149,046) (249,867)
Capitalized interest (7,488) (7,343)
Investment in real estate loans receivable (50,717) (51,059)
Other investments, net of payments 52,457 (16,664)
Principal collected on real estate loans receivable 36,500 168,343
Contributions to unconsolidated entities (65,631) (39,644)
Distributions by unconsolidated entities 47,384 19,301
Proceeds from (payments on) derivatives investing 19,665 56,842
Decrease (increase) in restricted cash 142,485 3,342
Proceeds from sales of real property 1,203,782 130,298
Net cash provided from (used in) investing activities 899,125 (361,435)
Financing activities    
Net increase (decrease) under unsecured lines of credit arrangements (260,000) (90,000)
Proceeds from issuance of senior unsecured notes 0 693,560
Payments to extinguish senior unsecured notes 0 (400,000)
Secured debt issued 161,799 161,992
Payments on secured debt (1,020,129) (281,051)
Net proceeds from the issuance of common stock 424,451 159,032
Redemption of preferred stock (287,500) 0
Decrease (increase) in deferred loan costs (52,838) (17,439)
Contributions by noncontrolling interests [1] 9,663 138,458
Distributions to noncontrolling interests [1] (38,143) (91,133)
Cash distributions to stockholders (660,355) (645,866)
Other financing activities (8,925) (7,646)
Net cash provided from (used in) financing activities (1,731,977) (380,093)
Effect of foreign currency translation on cash and cash equivalents 11,649 (8,452)
Increase (decrease) in cash and cash equivalents 22,906 105,677
Cash and cash equivalents at beginning of period 419,378 360,908
Cash and cash equivalents at end of period 442,284 466,585
Supplemental cash flow information:    
Interest paid 210,184 236,861
Income taxes paid $ 4,360 $ 3,889
[1]
(1) Includes amounts attributable to redeemable noncontrolling interests.