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Consolidated Statements of Cash Flows (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash Flows from Operating Activities:      
Net income $ 694,541,000 $ 740,000,000 $ 708,031,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization (including amortization of deferred financing costs) 557,888,000 580,990,000 556,312,000
Equity in net income of partially owned entities including Toys "R" Us (423,126,000) (118,612,000) (92,493,000)
Net gain on sales of real estate (245,799,000) (51,623,000) (2,506,000)
Distributions of income from partially owned entities 226,172,000 93,635,000 61,037,000
Non-cash impairment loss on J.C. Penney owned shares 224,937,000 0 0
Impairment losses, write-off of tenant buy-outs and litigation loss accrual 133,977,000 58,173,000 137,367,000
Loss (income) from the mark-to-market of J.C. Penney derivative position 75,815,000 (12,984,000) (130,153,000)
Straight-lining of rental income (69,648,000) (45,788,000) (76,926,000)
Return of capital from Real Estate Fund investments 63,762,000 0 0
Net realized and unrealized gains on Real Estate Fund assets (55,361,000) (17,386,000) 0
Amortization of below-market leases, net (54,359,000) (63,044,000) (66,202,000)
Other non-cash adjustments 52,082,000 27,325,000 36,352,000
Gain on sale of Canadian Trade Shows (31,105,000) 0 0
Net gain on disposition of wholly owned and partially owned assets (13,347,000) (15,134,000) (81,432,000)
Net gain on extinguishment of debt 0 (83,907,000) (97,728,000)
Mezzanine loans loss reversal and net gain on disposition 0 (82,744,000) (53,100,000)
Recognition of disputed account receivable from Stop & Shop 0 (23,521,000) 0
Interest received on repayment of mezzanine loan 0 0 40,467,000
Changes in operating assets and liabilities:      
Real Estate Fund investments (262,537,000) (184,841,000) (144,423,000)
Tenant and other receivables, net (23,271,000) 8,869,000 2,019,000
Prepaid assets (10,549,000) (7,779,000) 6,321,000
Other assets (46,573,000) (89,186,000) (68,305,000)
Accounts payable and accrued expenses 21,595,000 (28,699,000) 2,645,000
Other liabilities 9,955,000 18,755,000 33,803,000
Net cash provided by operating activities 825,049,000 702,499,000 771,086,000
Cash Flows from Investing Activities:      
Acquisitions of real estate and other (673,684,000) (90,858,000) (173,413,000)
Proceeds from sales of real estate and related investments 445,683,000 140,186,000 127,736,000
Additions to real estate (205,652,000) (165,680,000) (144,794,000)
Funding of J.C. Penney derivative collateral (191,330,000) (43,850,000) (12,500,000)
Development costs and construction in progress (156,873,000) (93,066,000) (156,775,000)
Distributions of capital from partially owned entities 144,502,000 318,966,000 51,677,000
Investments in partially owned entities (134,994,000) (571,922,000) (165,170,000)
Return of J.C. Penney derivative collateral 134,950,000 56,350,000 0
Investments in mezzanine loans receivable and other (94,094,000) (98,979,000) (85,336,000)
Restricted cash (75,138,000) 126,380,000 138,586,000
Proceeds from sales of, and return of investment in, marketable securities 60,258,000 70,418,000 280,462,000
Proceeds from the sale of Canadian Trade Shows 52,504,000 0 0
Proceeds from sales and repayments of mezzanine loans receivable and other 38,483,000 187,294,000 70,762,000
Proceeds from the repayment of loan to officer 13,123,000 13,123,000 0
Loan to officer 0 (13,123,000) 0
Purchases of marketable securities including J.C. Penney common shares and other 0 0 (491,596,000)
Proceeds from maturing short-term investments 0 0 40,000,000
Net cash used in investing activities (642,262,000) (164,761,000) (520,361,000)
Cash Flows from Financing Activities:      
Proceeds from borrowings 3,593,000,000 3,412,897,000 2,481,883,000
Repayments of borrowings (2,747,694,000) (3,740,327,000) (1,564,143,000)
Dividends paid on common shares (699,318,000) (508,745,000) (474,299,000)
Proceeds from the issuance of preferred shares 290,971,000 238,842,000 0
Purchases of outstanding preferred units and shares (243,300,000) (28,000,000) (78,954,000)
Contributions from noncontrolling interests 213,132,000 204,185,000 103,831,000
Distributions to noncontrolling interests (104,448,000) (116,510,000) (53,842,000)
Dividends paid on preferred shares (73,976,000) (61,464,000) (55,669,000)
Debt issuance and other costs (39,073,000) (47,395,000) (14,980,000)
Repurchase of shares related to stock compensation agreements and related tax withholdings (30,168,000) (964,000) (25,660,000)
Proceeds received from exercise of employee share options 11,853,000 25,507,000 26,993,000
Acquisition of convertible senior debentures and senior unsecured notes 0 0 (440,575,000)
Net cash provided by (used in) financing activities 170,979,000 (621,974,000) (95,415,000)
Net increase (decrease) in cash and cash equivalents 353,766,000 (84,236,000) 155,310,000
Cash and cash equivalents at beginning of period 606,553,000 690,789,000 535,479,000
Cash and cash equivalents at end of period 960,319,000 606,553,000 690,789,000
Supplemental Disclosure Of Cash Flow Information [Abstract]      
Cash payments for interest (net of amounts capitalized of $16,801, $1,197 and $864) 491,869,000 531,174,000 549,327,000
Cash payments for income taxes 21,709,000 26,187,000 23,960,000
Non-Cash Investing and Financing Activities:      
Adjustments to carry redeemable Class A units at redemption value (52,117,000) 98,092,000 (191,826,000)
Contribution of mezzanine loan receivable to joint venture 0 73,750,000 0
Write-off of fully depreciated assets (177,367,000) (72,279,000) (63,007,000)
Common shares issued upon redemption of Class A units at redemption value 89,762,000 64,830,000 126,764,000
Change in unrealized net gain on securities available-for-sale (283,649,000) 41,657,000 55,891,000
Financing assumed in acquisitions 0 0 102,616,000
Financings transferred in dispositions (163,144,000) 0 0
L.A. Mart seller financing 35,000,000 0 0
Marriott Marquis Times Square - retail and signage capital lease: Asset (included in development costs and construction in progress) 240,000,000    
Marriott Marquis Times Square Hotel - retail and signage capital lease: Liability (included in other liabilities) (240,000,000) 0 0
Increase in assets and liabilities resulting from the consolidation of investments previously accounted for on the equity method:      
Real Estate, net 342,919,000 0 102,804,000
Notes and mortgages payable 334,225,000 0 57,563,000
Decrease in assets and liabilities resulting from deconsolidation of investments that were previously consolidated:      
Real Estate, Net 0 (145,333,000) (401,857,000)
Notes and Mortgages Payable 0 (232,502,000) (316,490,000)
Like Kind Properties Acquired [Member]
     
Non-Cash Investing and Financing Activities:      
Like-kind exchange of real estate 230,913,000 21,999,000 0
Like Kind Properties Sold [Member]
     
Non-Cash Investing and Financing Activities:      
Like-kind exchange of real estate (230,913,000) (45,625,000) 0
Toys R Us [Member]
     
Adjustments to reconcile net income to net cash provided by operating activities:      
Equity in net income of partially owned entities including Toys "R" Us (14,859,000) (48,540,000) (71,624,000)
All Equity Method Investees Excluding Toys [Member]
     
Adjustments to reconcile net income to net cash provided by operating activities:      
Equity in net income of partially owned entities including Toys "R" Us $ (408,267,000) $ (70,072,000) $ (20,869,000)