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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Proceeds and Excess Tax Benefit from Share-based Compensation $ (608) $ (581)
Cash Flows From Operating Activities:    
Net income 36,484 29,738
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 51,696 44,956
Gains on partial dispositions of ownership interests in UJVs, net of tax (Note 2) (10,914)  
Gains on remeasurements of ownership interests in UJVs (Note 2) (13,729)  
Fluctuation in fair value of equity securities (Note 11) 3,346
Income (loss) from UJVs net of distributions 6,551 (1,684)
Non-cash operating lease expense 528 509
Other 3,108 3,499
Decrease in cash attributable to changes in assets and liabilities:    
Receivables, deferred charges, and other assets (5,923) (3,084)
Accounts payable and accrued liabilities (23,855) (27,420)
Net Cash Provided By Operating Activities 43,946 43,168
Cash Flows From Investing Activities:    
Additions to properties (24,165) (47,006)
Partial reimbursement of Saks anchor allowance at The Mall of San Juan 3,000  
Proceeds from partial dispositions of ownership interests in UJVs (Note 2) 48,311  
Proceeds from sale of equity securities (Note 11) 52,077
Contributions to UJVs (Note 2) (923) (16,900)
Distributions from UJVs (less than) in excess of income (2,827) 8,418
Other 24 23
Net Cash Provided By (Used In) Investing Activities 23,420 (3,388)
Cash Flows From Financing Activities:    
Proceeds from revolving lines of credit, net (Note 5) 295,000 18,475
Debt payments (2,998) (2,871)
Distributions to noncontrolling interests (18,482) (17,194)
Distributions to participating securities of TRG (595) (627)
Cash dividends to preferred shareholders (5,784) (5,784)
Cash dividends to common shareholders (41,357) (41,283)
Net Cash Provided By (Used In) Financing Activities 225,176 (49,865)
Effect of exchange rate fluctuations on cash, cash equivalents, and restricted cash (Note 13) (226) 2,601
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 292,316 (7,484)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period (Note 13) 103,418 142,929
Cash, Cash Equivalents, and Restricted Cash at End of Period (Note 13) $ 395,734 $ 135,445