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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
12 Months Ended
Dec. 31, 2010
Dec. 31, 2009
Dec. 31, 2008
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 295,983 $ 382,029 $ 436,413
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 673,403 600,375 602,908
Amortization of deferred financing costs 10,406 13,127 9,701
Amortization of discounts on investment securities   (1,661) (365)
Amortization of discounts and premiums on debt (471) 5,857 9,730
Amortization of deferred settlements on derivative instruments 2,804 2,228 1,317
Impairment 45,380 11,124 116,418
Write-off of pursuit costs 5,272 4,838 5,535
Loss from investments in unconsolidated entities 735 2,815 107
Distributions from unconsolidated entities - return on capital 61 153 116
Net (gain) on sales of investment securities   (4,943) 0
Net (gain) on sales of unconsolidated entities (28,101) (10,689) (2,876)
Net loss (gain) on sales of land parcels 1,395   (2,976)
Net (gain) on sales of discontinued operations (297,956) (335,299) (392,857)
Loss (gain) on debt extinguishments 2,457 17,525 (18,656)
Unrealized loss (gain) on derivative instruments 1 (3) 500
Compensation paid with Company Common Shares 18,875 17,843 22,311
Changes in assets and liabilities:      
Decrease (increase) in deposits - restricted 3,316 3,117 (1,903)
(Increase) decrease in other assets (9,048) 11,768 (1,488)
(Decrease) in accounts payable and accrued expenses (5,454) (34,524) (821)
(Decrease) in accrued interest payable (4,000) (11,997) (10,871)
Increase (decrease) in other liabilities 9,972 2,220 (19,412)
Increase (decrease) in security deposits 1,007 (5,091) 2,196
Net cash provided by operating activities 726,037 670,812 755,027
CASH FLOWS FROM INVESTING ACTIVITIES:      
Investment in real estate - acquisitions (1,189,210) (175,531) (388,083)
Investment in real estate - development/other (131,301) (330,623) (521,546)
Improvements to real estate (138,208) (123,937) (169,838)
Additions to non-real estate property (2,991) (2,028) (2,327)
Interest capitalized for real estate under development (13,008) (34,859) (60,072)
Proceeds from disposition of real estate, net 672,700 887,055 887,576
Distributions from unconsolidated entities - return of capital 26,924 6,521 3,034
Purchase of investment securities   (77,822) (158,367)
Proceeds from sale of investment securities 25,000 215,753 0
Decrease (increase) in deposits on real estate acquisitions, net 137,106 (250,257) 65,395
Decrease in mortgage deposits 4,699 2,437 445
Consolidation of previously unconsolidated properties (26,854)    
Deconsolidation of previously consolidated properties 11,708    
Acquisition of Noncontrolling Interests - Partially Owned Properties (16,023) (11,480) (20)
Net cash (used for) provided by investing activities (639,458) 105,229 (343,803)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Loan and bond acquisition costs (8,811) (9,291) (9,233)
Mortgage notes payable:      
Proceeds 173,561 738,798 1,841,453
Restricted cash 73,232 46,664 37,262
Lump sum payoffs (635,285) (939,022) (411,391)
Scheduled principal repayments (16,769) (17,763) (24,034)
(Loss) gain on debt extinguishments (2,457) 2,400 (81)
Notes, net:      
Proceeds 595,422   0
Lump sum payoffs   (850,115) (304,043)
(Loss) gain on debt extinguishments   (19,925) 18,737
Lines of credit:      
Proceeds 5,513,125   841,000
Repayments (5,513,125)   (980,000)
(Payments on) proceeds from settlement of derivative instruments (10,040) 11,253 (26,781)
Proceeds from sale of Common Shares 329,452 86,184 0
Proceeds from Employee Share Purchase Plan (ESPP) 5,112 5,292 6,170
Proceeds from exercise of options 71,596 9,136 24,634
Common Shares repurchased and retired (1,887) (1,124) (12,548)
Redemption of Preferred Shares (877) 0 0
Payment of offering costs (4,657) (2,536) (102)
Other financing activities, net (48) (16) (16)
Contributions - Noncontrolling Interests - Partially Owned Properties 222 893 2,083
Contributions - Noncontrolling Interests - Operating Partnership   78 0
Distributions:      
Common Shares (379,969) (488,604) (522,195)
Preferred Shares (14,471) (14,479) (14,521)
Preference Interests and Units   (12) (15)
Noncontrolling Interests - Operating Partnership (18,867) (28,935) (34,584)
Noncontrolling Interests - Partially Owned Properties (2,918) (2,423) (3,056)
Net cash provided by (used for) financing activities 151,541 (1,473,547) 428,739
Net increase (decrease) in cash and cash equivalents 238,120 (697,506) 839,963
Cash and cash equivalents, beginning of year 193,288 890,794 50,831
Cash and cash equivalents, end of year 431,408 193,288 890,794
SUPPLEMENTAL INFORMATION:      
Cash paid for interest, net of amounts capitalized 475,374 508,847 491,803
Net cash (received) paid for income and other taxes (2,740) 3,968 (1,252)
Real estate acquisitions/dispositions/other:      
Mortgage loans assumed 359,082 0 24,946
Valuation of OP Units issued 8,245 1,034 849
Mortgage loans (assumed) by purchaser (39,999) (17,313) 0
Amortization of deferred financing costs:      
Investment in real estate, net (2,768) (3,585) (1,986)
Deferred financing costs, net 13,174 16,712 11,687
Amortization of discounts and premiums on debt:      
Investment in real estate, net 0 (3) (6)
Mortgage notes payable (9,208) (6,097) (6,287)
Notes, net 8,737 11,957 16,023
Amortization of deferred settlements on derivative instruments:      
Other liabilities (534) (1,496) (1,379)
Losses reclassified into earnings from other comprehensive income 3,338 3,724 2,696
Unrealized loss (gain) on derivative instruments:      
Other assets 13,019 (33,261) (6,680)
Mortgage notes payable (163) (1,887) 6,272
Notes, net 7,497 719 1,846
Other liabilities 45,542 (3,250) 22,877
Accumulated other comprehensive (loss) income (65,894) 37,676 (23,815)
(Payments on) proceeds from settlement of derivative instruments:      
Other assets 0 11,253 (98)
Other Liabilities (10,040) 0 (26,683)
Consolidation of previously unconsolidated properties:      
Investment in real estate, net (105,065) 0 0
Investments in unconsolidated entities 7,376 0 0
Deposits - restricted (42,633) 0 0
Mortgage notes payable 112,631 0 0
Net other assets recorded 837 0 0
Deconsolidation of previously consolidated properties:      
Investment in real estate, net 14,875 0 0
Investments in unconsolidated entities (3,167) 0 0
Other      
Receivable on sale of Common Shares 37,550 0 0
Transfer from notes, net to mortgage notes payable $ 35,600 $ 0 $ 0