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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flow from operating activities:  
Net income$ 131,931$ 114,975
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation and amortization188,812185,034
Loss on operating/development properties held for sale/sold/transferred 65
Impairment charges16,67612,781
Gain on sale of development properties (2,130)
Gain on sale of operating properties(8,722)(4,145)
Equity in loss/income of joint ventures, net(49,810)(27,717)
Equity in income from other real estate investments, net(35,123)(36,802)
Distributions from joint ventures and other real estate investments108,59589,034
Cash retained from excess tax benefits(69)(7)
Change in accounts and notes receivable(5,182)(13,395)
Change in accounts payable and accrued expenses32,82656,698
Change in other operating assets and liabilities(12,019)(16,187)
Net cash flow provided by operating activities367,915358,204
Cash flow from investing activities:  
Acquisition of and improvements to operating real estate(169,350)(105,112)
Acquisition of and improvements to real estate under development(26,939)(33,972)
Investment in marketable securities (9,041)
Proceeds from sale/repayments of marketable securities178,2906,336
Investments and advances to real estate joint ventures(90,747)(114,882)
Reimbursements of advances to real estate joint ventures44,89475,289
Other real estate investments(5,225)(7,940)
Reimbursements of advances to other real estate investments50,5366,541
Investment in mortgage loans receivable (2,738)
Collection of mortgage loans receivable14,73226,265
Other investments(730)(3,952)
Reimbursements of other investments11,1228,792
Proceeds from sale of operating properties65,593221,477
Proceeds from sale of development properties7,3737,028
Net cash flow provided by investing activities79,54974,091
Cash flow from financing activities:  
Principal payments on debt, excluding normal amortization of rental property debt(24,393)(213,089)
Principal payments on rental property debt(17,130)(18,336)
Principal payments on construction loan financings(409)(30,256)
Proceeds from mortgage/construction loan financings13,68513,960
Borrowings under revolving unsecured credit facilities186,96941,853
Repayment of borrowings under unsecured revolving credit facilities(173,643)(32,447)
Proceeds from issuance of unsecured term loan/notes 449,720
Repayment of unsecured term loan/notes(88,000)(471,725)
Financing origination costs(855)(5,012)
Redemption of non-controlling interests(23,890)(71,837)
Dividends paid(265,674)(230,192)
Cash retained from excess tax benefits697
Proceeds from issuance of stock4,832171,117
Repurchase of common stock(3,981) 
Net cash flow used for financing activities(392,420)(396,237)
Change in cash and cash equivalents55,04436,058
Cash and cash equivalents, beginning of period125,154122,058
Cash and cash equivalents, end of period180,198158,116
Interest paid during the period (net of capitalized interest of $6,142, and $11,758, respectively)145,378168,102
Income taxes paid during the period$ 2,062$ 1,029