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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flow from operating activities:    
Net income (loss) $ 77,533 $ (65,222)
Adjustments to reconcile net income (loss) to net cash flow provided by operating activities:    
Depreciation and amortization 123,400 196,515
Stock-based compensation 9,582 5,344
Amortization and write-off of debt issuance costs and fair market value of debt adjustments 3,055 15,209
Loss on extinguishment of debt 0 49,049
Equity in net income of joint ventures (5,446) (9,687)
Reserve of preferred equity interests, net 12,106 4,537
Operating cash distributions from joint ventures 7,693 6,077
Gain on disposition of real estate, net (31,087) (39,643)
Impairment charges 3,370 68,394
Cash paid for interest rate hedging activities 0 (4,538)
Assumption of building due to ground lease termination 0 (2,150)
Change in notes receivable accrued interest 206 1,020
Net change in accounts receivable 4,233 (2,908)
Transaction costs related to RVI spin-off 0 (27,203)
Net change in accounts payable and accrued expenses (7,124) 15,256
Net change in other operating assets and liabilities (8,101) (12,581)
Total adjustments 111,887 262,691
Net cash flow provided by operating activities 189,420 197,469
Cash flow from investing activities:    
Real estate developed and improvements to operating real estate (80,197) (95,357)
Proceeds from disposition of real estate 107,101 301,479
Hurricane property insurance advance proceeds 0 20,193
Equity contributions to joint ventures (47,020) (170)
Distributions from unconsolidated joint ventures 15,329 30,350
Repayment of joint venture advances 17,418 68,146
Net transactions with RVI 17,000 (33,681)
Net cash flow provided by investing activities 29,631 290,960
Cash flow from financing activities:    
(Repayment of) proceeds from revolving credit facilities, net (100,000) 105,000
Repayment of senior notes 0 (947,014)
Repayment of term loan and mortgage debt (1,669) (759,970)
Payment of debt issuance costs (5,006) (32,825)
Proceeds from mortgage payable and term loan 50,000 1,350,000
(Repurchase) issuance of common shares in conjunction with equity award plans and dividend reinvestment plan (708) 5,048
Repurchase of common shares (14,069) 0
Redemption of operating partnership units 0 (736)
Contribution of assets to RVI 0 (52,358)
Distributions to non-controlling interests and redeemable operating partnership units (685) (1,097)
Dividends paid (134,539) (235,926)
Net cash flow used for financing activities (206,676) (569,878)
Effect of foreign exchange rate changes on cash and cash equivalents (2) (2)
Net increase (decrease) in cash, cash equivalents and restricted cash 12,375 (81,449)
Cash, cash equivalents and restricted cash, beginning of period 13,650 94,724
Cash, cash equivalents and restricted cash, end of period $ 26,023 $ 13,273