XML 21 R9.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Adjustments to reconcile net loss to net cash provided by operating activities:    
Net loss $ (84,846) $ (33,292)
Depreciation 99,271 100,584
Amortization 8,766 7,083
Straight-line rent adjustments (1,321) (1,164)
Provision for doubtful accounts 2,945 1,779
Amortization of deferred compensation 4,678 6,971
Loss on Hedge Ineffectiveness 512 1,354
Gain on sale of non operating real estate (12,429) 414
Equity in income of partnerships in excess of distributions (3,006) (1,976)
Amortization Of Historic Tax Credits Related To Cash Flow 1,591 2,508
Impairment of assets and expensed project costs 86,648 20,125
Change in assets and liabilities:    
Net change in other assets 2,564 4,014
Net change in other liabilities (11,213) (4,872)
Net cash provided by operating activities 90,978 98,512
Cash flows from investing activities:    
Investments in consolidated real estate acquisitions (319,986) (20,000)
Additions to construction in progress (21,697) (30,745)
Investments in real estate improvements (33,922) (40,649)
Proceeds from Sale of Real Estate Held-for-investment 37,056 165,632
Additions to leasehold improvements (381) (953)
Investments in partnerships (18,906) (5,158)
Capitalized leasing costs (4,837) (4,223)
Decrease (increase in) cash escrows 1,803 (318)
Cash distributions from partnerships in excess of equity in income 4,873 1,537
Net cash (used in) provided by investing activities (355,997) 65,123
Cash flows from financing activities:    
Borrowings from term loans 120,000 130,000
Net borrowings from (repayments of) revolving facility 210,000 (130,000)
Proceeds from mortgage loans 272,044  
Principal installments on mortgage loans (14,945) (11,812)
Repayments of mortgage loans (272,776) (76,784)
Payment of deferred financing costs (3,634) (1,896)
Dividends paid to common shareholders (43,556) (41,225)
Dividends paid to preferred shareholders (11,886) (11,886)
Distributions paid to Operating Partnership unit holders and non controlling interest (3,951) (1,278)
Value of shares of beneficial interest issued 1,081 3,062
Value of shares retired under equity incentive plans, net of shares issued (5,655) (4,633)
Net cash provided by (used in) financing activities 246,722 (146,452)
Net change in cash and cash equivalents (18,297) 17,183
Cash and cash equivalents, beginning of period 40,433 $ 34,230
Cash and cash equivalents, end of period $ 22,136