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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flow from operating activities:    
Net income $ 309,791 $ 232,889
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 161,142 187,344
Impairment charges 30,519 31,336
Equity award expense 10,423 13,775
Gain on sale of operating properties/change in control of interests (152,211) (21,569)
Gain on change in control of interests (71,160)
Equity in income of joint ventures, net (35,953) (27,902)
Equity in income of other real estate investments, net (19,593) (42,043)
Distributions from joint ventures and other real estate investments 67,005 27,678
Change in accounts and notes receivable 9,306 4,916
Change in accounts payable and accrued expenses (5,139) (10,506)
Change in other operating assets and liabilities (23,304) (24,724)
Net cash flow provided by operating activities 351,986 300,034
Cash flow from investing activities:    
Acquisition of operating real estate and other related net assets (3,337) (56,036)
Improvements to operating real estate (127,380) (81,280)
Acquisition of real estate under development (4,592) (10,010)
Improvements to real estate under development (121,393) (91,729)
Investments in marketable securities (63) (9,822)
Proceeds from sale/repayments of marketable securities 129 1,846
Investments in and advances to real estate joint ventures (15,240) (22,704)
Reimbursements of investments in and advances to real estate joint ventures 5,228 15,793
Investments in and advances to other real estate investments (353) (569)
Reimbursements of investments in and advances to other real estate investments 10,444 39,751
Collection of mortgage loans receivable 5,427 514
Proceeds from sale of operating properties 472,781 66,803
Proceeds from insurance casualty claims 6,500
Net cash flow provided by/(used for) investing activities 228,151 (147,443)
Cash flow from financing activities:    
Principal payments on debt, excluding normal amortization of rental property debt (175,209) (463,572)
Principal payments on rental property debt (6,852) (8,129)
(Repayments)/proceeds under the unsecured revolving credit facility, net (7,746) 449,958
Proceeds from issuance of unsecured notes 400,000
Repayments under unsecured notes/term loan (6,365) (250,000)
Financing origination costs (11) (14,936)
Payment of early extinguishment of debt charges (546) (708)
Contributions from noncontrolling interests 1,284
Redemption/distribution of noncontrolling interests (5,454) (14,695)
Dividends paid (264,711) (252,793)
Proceeds from issuance of stock, net 33,144 973
Repurchase of common stock (75,126)
Change in other financing liabilities (4,197) 640
Net cash flow used for financing activities (513,073) (151,978)
Net change in cash and cash equivalents 67,064 613
Cash and cash equivalents, beginning of the period 238,513 142,486
Cash and cash equivalents, end of the period 305,577 143,099
Interest paid during the period (net of capitalized interest of $8,199 and $6,442 respectively) $ 96,974 $ 96,306