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Consolidated Statements of Cash Flows
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
USD ($)
Dec. 31, 2011
USD ($)
Dec. 31, 2010
USD ($)
Cash flow from operating activities:      
Net income $ 280,275 $ 182,090 $ 161,651
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 262,742 251,139 247,637
Loss on operating/development properties held for sale/sold/transferred     57
Impairment charges 59,569 32,763 39,121
Gain on sale of development properties   (12,074) (2,130)
Gain on sale of operating properties (94,369) (17,435) (4,366)
Equity in income of joint ventures, net (112,896) (63,467) (55,705)
Gains on change in control of interests (15,555) (569)  
Equity in income from other real estate investments, net (53,397) (51,813) (39,642)
Distributions from joint ventures and other real estate investments 194,110 163,048 162,860
Cash retained from excess tax benefits     (103)
Change in accounts and notes receivable 2,940 (19,271) (17,388)
Change in accounts payable and accrued expenses (11,281) (8,082) 15,811
Change in other operating assets and liabilities (33,084) (7,716) (27,868)
Net cash flow provided by operating activities 479,054 448,613 479,935
Cash flow from investing activities:      
Acquisition of and improvements to operating real estate (552,469) (343,299) (182,482)
Acquisition of and improvements to real estate under development (2,487) (37,896) (41,975)
Investment in marketable securities     (9,041)
Proceeds from sale/repayments of marketable securities 156 188,003 30,455
Investments and advances to real estate joint ventures (219,885) (171,695) (138,796)
Reimbursements of investments and advances to real estate joint ventures 187,856 63,529 85,205
Other real estate investments (5,638) (6,958) (12,528)
Reimbursements of investments and advances to other real estate investments 33,720 68,881 30,861
Investment in mortgage loans receivable (16,021)   (2,745)
Collection of mortgage loans receivable 63,600 19,148 27,587
Other investments (924) (730) (4,004)
Reimbursements of other investments 11,553 20,116 8,792
Proceeds from sale of operating properties 449,539 135,646 238,746
Proceeds from sale of development properties   44,495 7,829
Net cash flow (used for)/provided by investing activities (51,000) (20,760) 37,904
Cash flow from financing activities:      
Principal payments on debt, excluding normal amortization of rental property debt (284,815) (62,470) (226,155)
Principal payments on rental property debt (23,130) (22,720) (23,645)
Principal payments on construction loan financings (2,177) (3,428) (30,383)
Proceeds from mortgage/construction loan financings 14,776 20,346 13,960
Proceeds from (repayment of)/borrowings under unsecured revolving credit facilities, net 8,559 112,137 (11,309)
Repayment of unsecured term loan/notes (215,900) (92,600) (471,725)
Proceeds from issuance of unsecured term loan/notes 400,000   449,720
Financing origination costs (2,138) (11,478) (5,330)
Redemption of/distribution to noncontrolling interests (42,315) (26,682) (80,852)
Dividends paid (382,722) (353,764) (306,964)
Cash retained from excess tax benefits     103
Proceeds from issuance of stock 796,748 6,537 177,837
Redemption of preferred stock (635,000)    
Repurchase of common stock (30,947) (6,003)  
Net cash flow used for financing activities (399,061) (440,125) (514,743)
Change in cash and cash equivalents 28,993 (12,272) 3,096
Cash and cash equivalents, beginning of period 112,882 125,154 122,058
Cash and cash equivalents, end of period 141,875 112,882 125,154
Interest paid during the period (net of capitalized interest of $1,538, $7,086, and $14,730 respectively) 226,775 220,270 242,033
Income taxes paid during the period $ 2,122 $ 2,606 $ 3,278