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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
OPERATING ACTIVITIES    
Net income $ 60,243 $ 33,134
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 105,148 93,668
Other amortization 3,056 2,477
Stock-based compensation 7,496 5,649
Amortization of straight-line rent receivable (4,867) (5,446)
Amortization of straight-line rent liability 492 (93)
Gain on sales of real estate assets (39,525) (8)
Impairment of real estate assets 5,387  
Provision for bad debts, net 175 (8)
Changes in operating assets and liabilities:    
Other assets (6,037) (1,436)
Accounts payable and accrued liabilities (3,301) (3,889)
Other liabilities 1,098 (21,628)
Net cash provided by operating activities 129,365 102,420
INVESTING ACTIVITIES    
Acquisitions of real estate (72,934) (162,702)
Development of real estate (11,753) (28,508)
Additional long-lived assets (52,305) (49,794)
Proceeds from sales of real estate 119,425  
Proceeds from mortgages and notes receivable repayments 15 14
Net cash used in investing activities (17,552) (240,990)
FINANCING ACTIVITIES    
Net repayments on unsecured credit facility (107,000) (125,000)
Repayment on term loan   (50,000)
Borrowings of notes and bonds payable   11,500
Repayments on notes and bonds payable (4,654) (36,786)
Dividends paid (104,860) (96,998)
Net proceeds from issuance of common stock 248,384 450,304
Common stock redemptions (1,125) (1,282)
Debt issuance and assumption costs (84) (4,621)
Net cash provided by financing activities 30,661 147,117
Increase in cash, cash equivalents and restricted cash 142,474 8,547
Cash, cash equivalents and restricted cash at beginning of period 54,507 4,102
Cash, cash equivalents and restricted cash at beginning of period 196,981 12,649
Supplemental Cash Flow Information:    
Interest paid 42,136 43,879
Invoices accrued for construction, tenant improvements and other capitalized costs 6,842 10,014
Mortgage notes payable assumed upon acquisition (adjusted to fair value) 12,460 13,951
Capitalized interest $ 681 $ 828