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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating activities:      
Net income $ 829,750,000 $ 540,613,000 $ 1,082,070,000
Adjustments to reconcile net income to net cash provided from (used in) operating activities:      
Depreciation and amortization 950,459,000 921,720,000 901,242,000
Other amortization expenses 17,000,000 16,521,000 8,822,000
Provision for loan losses 0 62,966,000 10,215,000
Impairment of assets 115,579,000 124,483,000 37,207,000
Stock-based compensation expense 27,646,000 19,102,000 28,869,000
Loss (gain) on derivatives and financial instruments, net (4,016,000) 2,284,000 (2,448,000)
Loss (gain) on extinguishment of debt, net 16,097,000 37,241,000 17,214,000
Loss (income) from unconsolidated entities 641,000 83,125,000 10,357,000
Rental income in excess of cash received (32,857,000) (80,398,000) (83,233,000)
Amortization related to above (below) market leases, net 2,608,000 357,000 322,000
Loss (gain) on real estate dispositions, net (415,575,000) (344,250,000) (364,046,000)
Other (income) expense, net 0 2,000 (4,853,000)
Distributions by unconsolidated entities 21,000 116,000 1,065,000
Increase (decrease) in accrued expenses and other liabilities 70,762,000 26,809,000 14,298,000
Decrease (increase) in receivables and other assets 5,829,000 23,486,000 (18,037,000)
Net cash provided from (used in) operating activities 1,583,944,000 1,434,177,000 1,639,064,000
Investing activities:      
Cash disbursed for acquisitions, net of cash acquired (3,560,360,000) (805,264,000) (2,145,374,000)
Cash disbursed for capital improvements to existing properties (266,183,000) (250,276,000) (219,146,000)
Cash disbursed for construction in progress (160,706,000) (232,715,000) (403,131,000)
Capitalized interest (7,905,000) (13,489,000) (16,943,000)
Investment in real estate loans receivable (83,048,000) (83,738,000) (129,884,000)
Principal collected on real estate loans receivable 180,830,000 96,023,000 249,552,000
Other investments, net of payments (50,430,000) 57,385,000 4,760,000
Contributions to unconsolidated entities (136,854,000) (114,365,000) (101,415,000)
Distributions by unconsolidated entities 90,916,000 70,287,000 119,723,000
Proceeds from (payments on) derivatives 65,399,000 52,719,000 108,347,000
Proceeds from sales of real property 1,541,870,000 1,378,014,000 2,350,068,000
Net cash provided from (used in) investing activities (2,386,471,000) 154,581,000 (183,443,000)
Financing activities:      
Net increase (decrease) under unsecured credit facilities 428,000,000 74,000,000 (190,000,000)
Proceeds from issuance of senior unsecured notes 2,824,176,000 7,500,000 693,560,000
Payments to extinguish senior unsecured notes (1,450,000,000) (5,000,000) (865,863,000)
Net proceeds from the issuance of secured debt 45,447,000 241,772,000 460,015,000
Payments on secured debt (362,841,000) (1,144,346,000) (563,759,000)
Net proceeds from the issuance of common stock 789,575,000 621,987,000 534,194,000
Redemption of preferred stock 0 (287,500,000) 0
Payments for deferred financing costs and prepayment penalties (29,691,000) (54,333,000) (22,196,000)
Contributions by noncontrolling interests [1] 39,207,000 56,560,000 148,666,000
Distributions to noncontrolling interests [1] (109,871,000) (87,711,000) (134,578,000)
Cash distributions to stockholders (1,348,863,000) (1,325,617,000) (1,298,925,000)
Other financing activities (6,771,000) (10,839,000) (11,931,000)
Net cash provided from (used in) financing activities 818,368,000 (1,913,527,000) (1,250,817,000)
Effect of foreign currency translation on cash and cash equivalents and restricted cash (9,015,000) 26,852,000 (20,274,000)
Increase (decrease) in cash, cash equivalents and restricted cash 6,826,000 (297,917,000) 184,530,000
Cash, cash equivalents and restricted cash at beginning of period 309,303,000 607,220,000 422,690,000
Cash, cash equivalents and restricted cash at end of period 316,129,000 309,303,000 607,220,000
Supplemental cash flow information:      
Interest paid 501,404,000 488,265,000 541,545,000
Income taxes paid $ 2,250,000 $ 10,410,000 $ 8,011,000
[1] Includes amounts attributable to redeemable noncontrolling interests.