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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 142,055 $ 29,933
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 36,055 32,054
Amortization of financing costs 2,214 2,801
Gain on disposition of property (13,698) (4,191)
Impairment of asset 0 1,500
Share-based compensation expense 5,542 4,590
Equity in earnings of unconsolidated affiliates (7,382) (7,274)
Gain on disposition of properties of unconsolidated affiliates (102,855) 0
Distributions of operating income from unconsolidated affiliates 7,780 4,644
Other, net (2,106) (3,598)
Changes in assets and liabilities    
Cash in escrow (7,148) (3,378)
Rents receivable, net (3,707) (4,315)
Prepaid expenses and other assets 430 (19,894)
Accounts payable and accrued expenses 4,209 5,845
Other liabilities 295 2,904
Net cash provided by operating activities 61,684 41,621
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisition of real estate (136,978) (140,075)
Redevelopment and property improvement costs (105,049) (79,549)
Deferred leasing costs (2,654) (4,226)
Investments in and advances to unconsolidated affiliates (59,529) (54,207)
Return of capital from unconsolidated affiliates 30,604 88,403
Proceeds from disposition of properties of unconsolidated affiliates 188,870 0
Consolidation of previously unconsolidated investment 0 1,864
Collection of notes receivable 18,095 15,779
Issuance of notes receivable (23,519) 0
Proceeds from sale of properties, net 31,188 11,815
Net cash used in investing activities (58,972) (160,196)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal payments on mortgage and other notes (134,334) (140,037)
Proceeds received from mortgage and other notes 229,000 360,943
Loan proceeds held as restricted cash 60,514 (134,392)
Purchase of convertible notes payable 0 (550)
Deferred financing and other costs (2,120) (11,018)
Capital contributions from noncontrolling interests 35,317 27,515
Distributions to noncontrolling interests (213,496) (30,572)
Dividends paid to Common Shareholders (39,399) (32,471)
Proceeds from issuance of Common Shares, net of issuance costs of $1,818 and $1,430, respectively 113,749 75,765
Net cash provided by financing activities 49,231 115,183
Increase (decrease) in cash and cash equivalents 51,943 (3,392)
Cash and cash equivalents, beginning of period 79,189 91,813
Cash and cash equivalents, end of period 131,132 88,421
Supplemental disclosure of cash flow information    
Cash paid during the period for interest, net of capitalized interest of $9,250 and $6,429, respectively 34,935 29,758
Cash paid for income taxes 316 281
Supplemental disclosure of non-cash investing activities    
Acquisition of real estate through assumption of debt 29,794 0
Acquisition of real estate through issuance of OP Units 38,937 0
Acquisition of real estate through conversion of notes receivable 38,000 18,500
Disposition of real estate through cancellation of debt (22,865) 0
Consolidation of previously unconsolidated investment    
Real estate, net 0 (118,484)
Mortgage notes payable 0 166,200
Distributions in excess of income from, and investments in, unconsolidated affiliates 0 (10,298)
Other assets and liabilities 0 (1,605)
Noncontrolling interest 0 (33,949)
Cash included in consolidation of previously unconsolidated investment $ 0 $ 1,864