XML 68 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash flows from operating activities:    
Net income (loss) $ 113,955,000 $ (35,838,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation of buildings and tenant improvements 141,353,000 127,482,000
Amortization of deferred leasing and other costs 57,686,000 57,717,000
Amortization of deferred financing costs 6,867,000 6,526,000
Straight-line rent adjustment (8,789,000) (8,870,000)
Asset Impairment Charges 3,777,000 0
Gain on acquisitions (962,000) 0
Gains on land and depreciated property sales (93,719,000) (9,413,000)
Third-party construction contracts, net 8,922,000 (4,371,000)
Other accrued revenues and expenses, net 9,564,000 (2,251,000)
Operating distributions received in excess of (less than) equity in earnings from unconsolidated companies (40,449,000) 9,464,000
Net cash provided by operating activities 198,205,000 140,446,000
Cash flows from investing activities:    
Development of real estate investments (224,202,000) (95,192,000)
Acquisition of real estate investments and related intangible assets (334,287,000) (231,041,000)
Acquisition of undeveloped land (23,234,000) (33,371,000)
Second generation tenant improvements, leasing costs and building improvements (37,133,000) (30,891,000)
Other deferred leasing costs (17,633,000) (16,453,000)
Other assets (7,774,000) 4,421,000
Proceeds from land and depreciated property sales, net 259,169,000 89,450,000
Capital distributions from unconsolidated companies 89,237,000 0
Capital contributions and advances to unconsolidated companies (13,260,000) (16,431,000)
Net cash provided by (used for) investing activities (309,117,000) (329,508,000)
Cash flows from financing activities:    
Proceeds from issuance of common shares, net 601,927,000 151,258,000
Payments for redemption of preferred shares/units (177,955,000) (168,272,000)
Proceeds from unsecured debt 500,000,000 300,000,000
Payments on unsecured debt (425,967,000) (908,000)
Proceeds from secured debt financings 1,933,000 13,305,000
Payments on secured indebtedness including principal amortization (30,349,000) (102,869,000)
Borrowings (payments) on line of credit, net (197,000,000) 0
Dividends/Distributions to common shareholders/unitholders (109,554,000) (89,219,000)
Dividends/Distributions to preferred shareholders/unitholders (16,905,000) (20,549,000)
Contributions from (distributions to) noncontrolling interests, net (1,846,000) 3,647,000
Change in book overdrafts (38,921,000) 0
Deferred financing costs (6,938,000) (4,575,000)
Net cash provided by (used for) financing activities 98,425,000 81,818,000
Net increase (decrease) in cash and cash equivalents (12,487,000) (107,244,000)
Cash and cash equivalents at beginning of period 33,889,000 213,809,000
Cash and cash equivalents at end of period 21,402,000 106,565,000
Noncash investing and financing activities:    
Assumption of indebtedness and other liabilities in real estate acquisitions 106,320,000 20,064,000
Carrying amount of pre-existing ownership interest in acquired property 630,000 0
Conversion of Limited Partner Units to common shares 338,000 29,008,000
Preferred distributions declared but not paid 0 3,726,000
Subsidiary of Common Parent [Member]
   
Cash flows from operating activities:    
Net income (loss) 113,955,000 (35,838,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation of buildings and tenant improvements 141,353,000 127,482,000
Amortization of deferred leasing and other costs 57,686,000 57,717,000
Amortization of deferred financing costs 6,867,000 6,526,000
Straight-line rent adjustment (8,789,000) (8,870,000)
Asset Impairment Charges 3,777,000 0
Gain on acquisitions (962,000) 0
Gains on land and depreciated property sales (93,719,000) (9,413,000)
Third-party construction contracts, net 8,922,000 (4,371,000)
Other accrued revenues and expenses, net 9,601,000 (2,227,000)
Operating distributions received in excess of (less than) equity in earnings from unconsolidated companies (40,449,000) 9,464,000
Net cash provided by operating activities 198,242,000 140,470,000
Cash flows from investing activities:    
Development of real estate investments (224,202,000) (95,192,000)
Acquisition of real estate investments and related intangible assets (334,287,000) (231,041,000)
Acquisition of undeveloped land (23,234,000) (33,371,000)
Second generation tenant improvements, leasing costs and building improvements (37,133,000) (30,891,000)
Other deferred leasing costs (17,633,000) (16,453,000)
Other assets (7,774,000) 4,421,000
Proceeds from land and depreciated property sales, net 259,169,000 89,450,000
Capital distributions from unconsolidated companies 89,237,000 0
Capital contributions and advances to unconsolidated companies (13,260,000) (16,431,000)
Net cash provided by (used for) investing activities (309,117,000) (329,508,000)
Cash flows from financing activities:    
Contributions from the General Partner 601,927,000 151,258,000
Payments for redemption of preferred shares/units (177,955,000) (168,272,000)
Proceeds from unsecured debt 500,000,000 300,000,000
Payments on unsecured debt (425,967,000) (908,000)
Proceeds from secured debt financings 1,933,000 13,305,000
Payments on secured indebtedness including principal amortization (30,349,000) (102,869,000)
Borrowings (payments) on line of credit, net (197,000,000) 0
Dividends/Distributions to common shareholders/unitholders (111,088,000) (91,016,000)
Dividends/Distributions to preferred shareholders/unitholders (16,905,000) (20,549,000)
Contributions from (distributions to) noncontrolling interests, net (349,000) 5,403,000
Change in book overdrafts (38,921,000) 0
Deferred financing costs (6,938,000) (4,575,000)
Net cash provided by (used for) financing activities 98,388,000 81,777,000
Net increase (decrease) in cash and cash equivalents (12,487,000) (107,261,000)
Cash and cash equivalents at beginning of period 33,889,000 213,826,000
Cash and cash equivalents at end of period 21,402,000 106,565,000
Noncash investing and financing activities:    
Assumption of indebtedness and other liabilities in real estate acquisitions 106,320,000 20,064,000
Carrying amount of pre-existing ownership interest in acquired property 630,000 0
Conversion of Limited Partner Units to common shares 338,000 29,008,000
Preferred distributions declared but not paid $ 0 $ 3,726,000