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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating activities:      
Net income   $ 134,977 $ 161,423
Adjustments to reconcile net income to net cash provided from (used in) operating activities:      
Depreciation and amortization   681,057 614,383
Other amortization expenses   20,086 11,433
Provision for loan losses, net 3,233 (639)
Impairment of assets   13,715 0
Stock-based compensation expense   19,960 13,466
Loss (gain) on derivatives and financial instruments, net   2,210 1,171
Loss (gain) on extinguishment of debt, net   6 591
Loss (income) from unconsolidated entities 47,403 9,942
Rental income less than (in excess of) cash received   (71,997) (51,445)
Amortization related to above (below) market leases, net   (248) (803)
Loss (gain) on real estate dispositions, net   1,421 (19,402)
Loss (gain) on loss of control of subsidiary (65,485) 0
Distributions by unconsolidated entities 6,895 9,590
Increase (decrease) in accrued expenses and other liabilities   (9,380) 7,234
Decrease (increase) in receivables and other assets   8,450 (37,613)
Net cash provided from (used in) operating activities   792,303 719,331
Investing activities:      
Cash disbursed for acquisitions, net of cash acquired (424,094) (1,471,767)
Cash disbursed for capital improvements to existing properties (204,978) (200,069)
Cash disbursed for construction in progress (474,115) (286,427)
Capitalized interest   (22,205) (11,866)
Investment in loans receivable (76,397) (117,565)
Principal collected on loans receivable   46,493 161,180
Other investments, net of payments   (95,819)  
Other investments, net of payments     3,919
Contributions to unconsolidated entities   (206,160) (307,513)
Distributions by unconsolidated entities   125,176 13,641
Proceeds from (payments on) derivatives   3,933 27,302
Proceeds from sales of real property   1,950 103,904
Net cash provided from (used in) investing activities   (1,326,216) (2,085,261)
Financing activities:      
Net increase (decrease) under unsecured credit facility and commercial paper 0  
Net increase (decrease) under unsecured credit facility and commercial paper   29,065
Net proceeds from issuance of senior unsecured notes 1,011,427 1,040,232
Net proceeds from the issuance of secured debt   373,462 10,344
Payments on secured debt   (101,277) (226,854)
Net proceeds from the issuance of common stock   1,333,908 1,357,561
Payments for deferred financing costs and prepayment penalties   (6,958) (4,081)
Contributions by noncontrolling interests [1] 181,272 38,065
Distributions to noncontrolling interests [1] (80,672) (214,288)
Cash distributions to stockholders   (603,597) (549,842)
Other financing activities (5,254) (6,586)
Net cash provided from (used in) financing activities   2,102,311 1,473,616
Effect of foreign currency translation on cash and cash equivalents and restricted cash 8,379 (12,190)
Increase (decrease) in cash, cash equivalents and restricted cash   1,576,777 95,496
Cash, cash equivalents and restricted cash at beginning of period   722,292 346,755
Cash, cash equivalents and restricted cash at end of period   2,299,069 442,251
Supplemental cash flow information:    
Interest paid 273,979 207,031
Income taxes paid (received), net $ 1,157 $ 5,462
[1] (1) Includes amounts attributable to redeemable noncontrolling interests.