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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating activities:    
Net income $ 705,054 $ 630,356
Adjustments to reconcile net income to net cash provided from (used in) operating activities:    
Depreciation and amortization 707,625 683,262
Other amortization expenses 12,110 12,095
Impairment of assets 39,557 24,662
Stock-based compensation expense 22,800 16,459
Loss (gain) on derivatives and financial instruments, net (5,642) 2,284
Loss (gain) on extinguishment of debt, net 16,044 36,870
Loss (income) from unconsolidated entities 836 23,676
Rental income less than (in excess of) cash received (7,830) (64,865)
Amortization related to above (below) market leases, net 1,984 180
Loss (gain) on real estate dispositions, net (373,662) (287,869)
Distributions by unconsolidated entities 21 116
Increase (decrease) in accrued expenses and other liabilities 103,474 171,713
Decrease (increase) in receivables and other assets (11,223) (86,475)
Net cash provided from (used in) operating activities 1,211,148 1,162,464
Investing activities:    
Cash disbursed for acquisitions (3,190,534) (574,002)
Cash disbursed for capital improvements to existing properties (173,635) (159,142)
Cash disbursed for construction in progress (88,146) (198,068)
Capitalized interest (6,357) (10,033)
Investment in real estate loans receivable (67,136) (70,051)
Principal collected on real estate loans receivable 149,592 82,263
Other investments, net of payments (49,572) 50,877
Contributions to unconsolidated entities (42,697) (73,802)
Distributions by unconsolidated entities 61,253 58,754
Proceeds from (payments on) derivatives 65,438 55,771
Proceeds from sales of real property 1,208,501 1,237,851
Net cash provided from (used in) investing activities (2,133,293) 400,418
Financing activities:    
Net increase (decrease) under unsecured credit facilities 593,000 (225,000)
Proceeds from issuance of senior unsecured notes 2,825,898 7,500
Payments to extinguish senior unsecured notes (1,450,000) (5,000)
Net proceeds from the issuance of secured debt 44,606 190,459
Payments on secured debt (238,867) (1,050,879)
Net proceeds from the issuance of common stock 242,411 530,992
Redemption of preferred stock 0 (287,500)
Payments for deferred financing costs and prepayment penalties (29,701) (54,027)
Contributions by noncontrolling interests(1) 11,238 [1] 47,209
Distributions to noncontrolling interests(1) (86,462) [1] (51,824)
Cash distributions to stockholders (1,006,274) (992,621)
Other financing activities (6,290) (8,416)
Net cash provided from (used in) financing activities 899,559 (1,899,107)
Effect of foreign currency translation on cash, cash equivalents and restricted cash (5,432) 24,316
Increase (decrease) in cash, cash equivalents and restricted cash (28,018) (311,909)
Cash, cash equivalents and restricted cash at beginning of period 309,303 607,220
Cash, cash equivalents and restricted cash at end of period 281,285 295,311
Supplemental cash flow information:    
Interest paid 312,452 312,896
Income taxes paid (received), net $ 3,195 $ 5,606
[1] Includes amounts attributable to redeemable noncontrolling interests.