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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES          
Net (loss) income $ (2,270) $ 6,108 $ (6,430) $ 26,079  
Adjustments to reconcile net (loss) income to net cash provided by operating activities:          
Gain on disposition of properties     (33) 0  
Depreciation and amortization     58,079 50,593  
Distributions of operating income from unconsolidated affiliates     10,210 10,301  
Equity in earnings and gains of unconsolidated affiliates     (6,703) (17,043)  
Stock compensation expense     6,113 7,002  
Amortization of financing costs     2,743 2,504  
Other, net     (4,450) (7,625)  
Changes in assets and liabilities:          
Other liabilities     680 (820)  
Prepaid expenses and other assets     (1,883) (3,417)  
Rents receivable, net     (4,252) (3,837)  
Accounts payable and accrued expenses     (5,038) 5,164  
Net cash provided by operating activities     49,036 68,901  
CASH FLOWS FROM INVESTING ACTIVITIES          
Acquisition of real estate     (46,171) (77,785)  
Development, construction and property improvement costs     (41,937) (46,303)  
Issuance of or advances on notes receivable     (3,002) (10,300)  
Proceeds from the disposition of properties, net     25,218 0  
Investments in and advances to unconsolidated affiliates     (2,265) (4,262)  
Return of capital from unconsolidated affiliates and other     19,512 28,409  
Proceeds from notes receivable     26,000 12,000  
Return (payment) of deposits for properties under contract     1,750 (1,000)  
Payment of deferred leasing costs     (1,645) (3,894)  
Net cash used in investing activities     (22,540) (103,135)  
CASH FLOWS FROM FINANCING ACTIVITIES          
Principal payments on mortgage and other notes     (48,272) (31,901)  
Principal payments on unsecured debt     (519,300) (130,716)  
Proceeds received on mortgage and other notes     119,752 98,528  
Proceeds from unsecured debt     482,300 119,400  
Payments for repurchase of Common Shares     (55,057) 0  
Capital contributions from noncontrolling interests     6,550 20,505  
Distributions to noncontrolling interests     (19,004) (8,452)  
Dividends paid to Common Shareholders     (44,863) (56,019)  
Deferred financing and other costs     (3,185) (4,067)  
Net cash (used in) provided by financing activities     (81,079) 7,278  
Decrease in cash and restricted cash     (54,583) (26,956)  
Cash of $74,823 and $71,805 and restricted cash of $10,846 and $22,904, respectively, beginning of period     85,669 94,709 $ 94,709
Cash of $17,330 and $43,442 and restricted cash of $13,756 and $24,311, respectively, end of period $ 31,086 $ 67,753 31,086 67,753 $ 85,669
Supplemental disclosure of cash flow information          
Cash paid during the period for interest, net of capitalized interest of $2,836 and $9,666, respectively     29,219 23,343  
Cash paid for income taxes, net of (refunds)     0 138  
Supplemental disclosure of non-cash investing activities          
Assumption of accounts payable and accrued expenses through acquisition of real estate     425 1,927  
Acquisition of real estate through conversion of note receivable     0 9,142  
Acquisition of undivided interest in a property through conversion of notes receivable     $ 22,201 $ 16,005