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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flow from operating activities:    
Net (loss) income $ (54,028) $ 45,873
Adjustments to reconcile net (loss) income to net cash flow provided by operating activities:    
Depreciation and amortization 90,884 96,902
Stock-based compensation 5,243 1,633
Amortization and write-off of deferred finance charges and fair market value of debt adjustments 906 661
Equity in net loss (income) of joint ventures 1,665 (14,421)
Reserve of preferred equity interests 76,000 0
Operating cash distributions from joint ventures 1,806 1,724
Gain on disposition of real estate (38,127) (12,381)
Impairment charges 21,973 0
Change in notes receivable accrued interest (2,479) (3,437)
Net change in accounts receivable 2,694 2,659
Net change in accounts payable and accrued expenses (8,521) (24,877)
Net change in other operating assets and liabilities (6,109) (12,538)
Total adjustments 145,935 35,925
Net cash flow provided by operating activities 91,907 81,798
Cash flow from investing activities:    
Real estate acquired, net of liabilities and cash assumed (86,028) (59,886)
Real estate developed and improvements to operating real estate (28,138) (46,946)
Proceeds from disposition of real estate 113,170 186,736
Equity contributions to joint ventures (21,506) 0
Distributions from unconsolidated joint ventures 2,900 17,056
Repayment of notes receivable 167 126
Net cash flow (used for) provided by investing activities (19,435) 97,086
Cash flow from financing activities:    
Proceeds from revolving credit facilities, net 90,000 140,000
Repayment of senior notes 0 (240,000)
Repayment of term loans and mortgage debt (63,302) (7,979)
Payment of debt issuance costs (132) 0
Issuance (repurchase) of common shares in conjunction with equity award plans and dividend reinvestment plan 3,500 (232)
Distributions to non-controlling interests and redeemable operating partnership units (209) (321)
Dividends paid (75,253) (68,639)
Net cash flow used for financing activities (45,396) (177,171)
Effect of foreign exchange rate changes on cash and cash equivalents 1 2
Net increase in cash, cash equivalents and restricted cash 27,076 1,713
Cash, cash equivalents and restricted cash, beginning of period 39,225 32,520
Cash, cash equivalents and restricted cash, end of period $ 66,302 $ 34,235