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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating activities    
Net income (loss) $ 453,555 $ 337,610
Adjustments to reconcile net income to net cash provided from (used in) operating activities:    
Depreciation and amortization 228,201 228,276
Other amortization expenses 4,171 3,361
Asset Impairment Charges 28,185 11,031
Stock-based compensation expense 11,557 4,906
Loss (gain) on derivatives and financial instruments, net (7,173) 1,224
Loss (gain) on extinguishment of debt, net 11,707 31,356
Income from unconsolidated entities 2,429 23,106
Rental income in excess of cash received (21,406) (18,141)
Amortization related to above (below) market leases, net 718 8
Net loss (gain) on sales of properties (338,184) (244,092)
Distributions by unconsolidated entities 0 474
Increase (decrease) in accrued expenses and other liabilities (10,707) 19,478
Decrease (increase) in receivables and other assets 5,591 (13,071)
Net cash provided from (used in) operating activities 368,644 385,526
Investing activities    
Cash disbursed for acquisitions (405,609) (102,356)
Cash disbursed for capital improvements to existing properties (46,547) (42,115)
Cash disbursed for construction in progress (22,735) (69,334)
Capitalized interest (2,336) (4,129)
Investment in real estate loans receivable (27,547) (25,375)
Other investments, net of payments (49,279) 48,311
Principal collected on real estate loans receivable 90,731 8,792
Contributions to unconsolidated entities (14,366) (13,073)
Distributions by unconsolidated entities 14,880 24,161
Proceeds from (payments on) derivatives investing (8,324) 8,218
Decrease (increase) in restricted cash 0 0
Proceeds from sales of real property 892,209 1,087,074
Net cash provided from (used in) investing activities 421,077 920,174
Financing activities    
Net increase (decrease) under unsecured lines of credit arrangements 146,000 (123,000)
Payments to extinguish senior unsecured notes (450,000) 0
Net proceeds from the issuance of secured debt 20,326 12,536
Payments on secured debt (197,655) (822,438)
Net proceeds from the issuance of common stock 7,214 119,651
Redemption of preferred stock 0 (287,500)
Decrease (increase) in deferred loan costs (14,341) (36,674)
Contributions by noncontrolling interests [1] 5,734 2,667
Distributions to noncontrolling interests [1] (12,564) (20,014)
Acquisitions of noncontrolling interests 0 (38)
Cash distributions to stockholders (335,508) (329,794)
Other financing activities (4,555) (8,022)
Net cash provided from (used in) financing activities (835,349) (1,492,626)
Effect of foreign currency translation on cash, cash equivalents and restricted cash 444 2,843
Increase (decrease) in cash and cash equivalents (45,184) (184,083)
Cash, cash equivalents and restricted cash at the beginning of period 309,303 607,220
Cash, cash equivalents and restricted cash at the end of period 264,119 423,137
Supplemental cash flow information:    
Interest paid 104,246 109,438
Income taxes paid (received), net $ (721) $ 3,349
[1]
(1) Includes amounts attributable to redeemable noncontrolling interests.