XML 31 R10.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Document Fiscal Year Focus 2017    
Adjustments to reconcile net income to net cash provided by operating activities:      
Equity in income of investments in real estate partnerships $ (43,341) $ (56,518) $ (22,508)
Provision for impairment 0 1,700 0
Deferred income tax expense (benefit) of taxable REIT subsidiary (10,815) 0 0
Changes in assets and liabilities:      
Straight-line rent receivable, net (93,284) (73,384)  
Cash flows from investing activities:      
Proceeds from sale of real estate investments   137,479 108,822
Parent Company [Member]      
Cash flows from operating activities:      
Net income 178,980 166,992 152,543
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 334,201 162,327 146,829
Amortization of deferred loan cost and debt premium 9,509 9,762 9,677
Net accretion of above and below market lease intangibles, net (23,144) (3,879) (1,598)
Stock-based compensation, net of capitalization 20,549 10,652 11,081
Equity in income of investments in real estate partnerships (43,341) (56,518) (22,508)
Gain Loss On Sale Of Properties Including Discontinued Operations (27,432) (47,321) (35,606)
Provision for impairment 0 4,200 0
Early extinguishment of debt 12,449 14,240 8,239
Deferred income tax expense (benefit) of taxable REIT subsidiary (9,737) 0 0
Proceeds from Equity Method Investment, Dividends or Distributions 53,502 50,361 46,646
(Payments for) Proceeds from Settlement of Derivative Instrument 0 0 (7,267)
Gain on derivative instruments 76 0 0
Deferred compensation expense 3,844 1,655 207
Net Realized and Unrealized Gain (Loss) on Trading Securities 3,837 1,673 626
Changes in assets and liabilities:      
Increase (Decrease) in Restricted Cash for Operating Activities 1,362 59 1,926
Accounts receivable, net (7,077) (1,581) (2,059)
Straight-line rent receivable, net (19,004) (7,219) (8,231)
Deferred leasing costs (14,448) (10,349) (12,949)
Other assets (note 1) 9,536 673 (496)
Accounts payable and other liabilities (2,114) 5,543 (3,810)
Tenants’ security and escrow deposits and prepaid rent (2,728) (564) 3,545
Net cash provided by operating activities 471,146 297,360 285,543
Cash flows from investing activities:      
Acquisition of operating real estate (124,727) (333,220) (42,983)
Payments for (Proceeds from) Deposits on Real Estate Acquisitions 4,917 750 2,250
Payments to Acquire Businesses, Net of Cash Acquired (648,763) 0 0
Real estate development and capital improvements (347,780) (234,598) (205,103)
Proceeds from sale of real estate investments 112,161 135,269 108,822
Payments for (Proceeds from) Loans Receivable (5,236) 0 1,719
Investments in real estate partnerships (23,529) (37,879) (20,054)
Proceeds from Equity Method Investment, Dividends or Distributions, Return of Capital 36,603 58,810 23,801
Payments for (Proceeds from) Other Investing Activities 365 330 243
Acquisition of securities (23,535) (55,223) (31,941)
Proceeds from sale of securities 21,378 57,590 28,400
Net cash used in investing activities (1,007,980) (409,671) (139,346)
Cash flows from financing activities:      
Proceeds from Issuance of Common Limited Partners Units 88,458    
Proceeds from Issuance of Common Stock   548,920 198,494
Payments Related to Tax Withholding for Share-based Compensation (18,649) (7,984) (9,906)
Proceeds from sale of treasury stock 100 957 0
Payments for Repurchase of Common Stock 0 29 0
Redemption of preferred stock and partnership units (325,000) 0 0
Proceeds from (Payments to) Noncontrolling Interests (8,139) (4,213) (5,341)
Payments of Ordinary Dividends, Noncontrolling Interest (635) (307) (299)
Dividends paid to common stockholders (322,650) (201,029) (181,392)
Dividends paid to preferred stockholders (5,029) (21,062) (21,062)
Repayment of fixed rate unsecured notes 0 (300,000) (450,000)
Proceeds from Issuance of Unsecured Debt 953,115 0 248,160
Proceeds from unsecured credit facilities 1,100,000 460,000 445,000
Repayment of unsecured credit facilities (755,000) (345,000) (355,000)
Proceeds from notes payable 131,069 53,446 4,316
Repayment of notes payable (232,839) (72,803) (76,168)
Repayments of Secured Debt 10,162 5,860 5,878
Payment of loan costs (13,271) (2,233) (5,998)
Payments of Debt Extinguishment Costs (12,420) (14,092) (8,043)
Net cash provided by (used in) financing activities 568,948 88,711 (223,117)
Net increase (decrease) in cash and cash equivalents 32,114 (23,600) (76,920)
Cash and cash equivalents 13,256 36,856 113,776
Cash and cash equivalents 45,370 13,256 36,856
Supplemental disclosure of cash flow information:      
Cash paid for interest (net of capitalized interest of $000, $6,078, and $3,686 in 2014, 2013, and 2012, respectively) 109,956 82,950 101,527
Income Taxes Paid (269) 0 1,015
Supplemental disclosure of non-cash transactions:      
Stock Issued During Period, Value, Conversion of Units 13,100 0 0
Mortgage loans assumed for the acquisition of real estate 27,000 0 42,799
Unrealized Gain (Loss) on Securities (8) 24 (43)
Stock Issued During Period, Value, Dividend Reinvestment Plan 1,210 1,070 1,250
Contributions from limited partners in consolidated partnerships, net 186 8,755 13
Common stock issued for dividend reinvestment in trust 557 728 833
Stock-based compensation capitalized 3,210 2,963 2,988
Contribution of stock awards into trust 1,372 1,538 1,651
Distribution of stock held in trust 677 4,114 1,898
Deconsolidation of consolidated partnership, Real estate, net 0 14,144 0
Deconsolidation of consolidated partnership, Return of capital 0 (3,355) 0
Deconsolidation of consolidated partnership, Mortgage Notes Payable 0 (9,415) 0
Deconsolidation of consolidated partnership, Other assets and liabilities 0 571 0
Deconsolidation of consolidated partnership, Noncontrolling Interest 0 (2,099) 0
Partnership Interest [Member]      
Cash flows from operating activities:      
Net income 178,980 166,992 152,543
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 334,201 162,327 146,829
Amortization of deferred loan cost and debt premium 9,509 9,762 9,677
Net accretion of above and below market lease intangibles, net (23,144) (3,879) (1,598)
Stock-based compensation, net of capitalization 20,549 10,652 11,081
Equity in income of investments in real estate partnerships (43,341) (56,518) (22,508)
Gain Loss On Sale Of Properties Including Discontinued Operations (27,432) (47,321) (35,606)
Provision for impairment 0 4,200 0
Early extinguishment of debt 12,449 14,240 8,239
Deferred income tax expense (benefit) of taxable REIT subsidiary (9,737) 0 0
Proceeds from Equity Method Investment, Dividends or Distributions 53,502 50,361 46,646
(Payments for) Proceeds from Settlement of Derivative Instrument 0 0 (7,267)
Gain on derivative instruments 76 0 0
Deferred compensation expense 3,844 1,655 207
Net Realized and Unrealized Gain (Loss) on Trading Securities 3,837 1,673 626
Changes in assets and liabilities:      
Increase (Decrease) in Restricted Cash for Operating Activities 1,362 59 1,926
Accounts receivable, net (7,077) (1,581) (2,059)
Straight-line rent receivable, net (19,004) (7,219) (8,231)
Deferred leasing costs (14,448) (10,349) (12,949)
Other assets (note 1) 9,536 673 (496)
Accounts payable and other liabilities (2,114) 5,543 (3,810)
Tenants’ security and escrow deposits and prepaid rent (2,728) (564) 3,545
Net cash provided by operating activities 471,146 297,360 285,543
Cash flows from investing activities:      
Acquisition of operating real estate (124,727) (333,220) (42,983)
Payments for (Proceeds from) Deposits on Real Estate Acquisitions 4,917 750 2,250
Payments to Acquire Businesses, Net of Cash Acquired (648,763) 0 0
Real estate development and capital improvements (347,780) (234,598) (205,103)
Proceeds from sale of real estate investments 112,161 135,269 108,822
Payments for (Proceeds from) Loans Receivable (5,236) 0 1,719
Investments in real estate partnerships (23,529) (37,879) (20,054)
Proceeds from Equity Method Investment, Dividends or Distributions, Return of Capital 36,603 58,810 23,801
Payments for (Proceeds from) Other Investing Activities 365 330 243
Acquisition of securities (23,535) (55,223) (31,941)
Proceeds from sale of securities 21,378 57,590 28,400
Net cash used in investing activities (1,007,980) (409,671) (139,346)
Cash flows from financing activities:      
Proceeds from Issuance of Common Limited Partners Units 88,458 548,920 198,494
Payments Related to Tax Withholding for Share-based Compensation (18,649) (7,984) (9,906)
Proceeds from sale of treasury stock 100 957 0
Payments for Repurchase of Common Stock 0 29 0
Redemption of preferred stock and partnership units (325,000) 0 0
Proceeds from (Payments to) Noncontrolling Interests (8,139) (4,213) (5,341)
Dividends paid to common stockholders (323,285) (201,336) (181,691)
Dividends paid to preferred stockholders (5,029) (21,062) (21,062)
Repayment of fixed rate unsecured notes 0 (300,000) (450,000)
Proceeds from Issuance of Unsecured Debt 953,115 0 248,160
Proceeds from unsecured credit facilities 1,100,000 460,000 445,000
Repayment of unsecured credit facilities (755,000) (345,000) (355,000)
Proceeds from notes payable 131,069 53,446 4,316
Repayment of notes payable (232,839) (72,803) (76,168)
Repayments of Secured Debt 10,162 5,860 5,878
Payment of loan costs (13,271) (2,233) (5,998)
Payments of Debt Extinguishment Costs (12,420) (14,092) (8,043)
Net cash provided by (used in) financing activities 568,948 88,711 (223,117)
Net increase (decrease) in cash and cash equivalents 32,114 (23,600) (76,920)
Cash and cash equivalents 13,256 36,856 113,776
Cash and cash equivalents 45,370 13,256 36,856
Supplemental disclosure of cash flow information:      
Cash paid for interest (net of capitalized interest of $000, $6,078, and $3,686 in 2014, 2013, and 2012, respectively) 109,956 82,950 101,527
Supplemental disclosure of non-cash transactions:      
Stock Issued During Period, Value, Conversion of Units 13,100 0 0
Mortgage loans assumed for the acquisition of real estate 27,000 0 42,799
Unrealized Gain (Loss) on Securities (8) 24 (43)
Stock Issued During Period, Value, Dividend Reinvestment Plan 1,210 1,070 1,250
Contributions from limited partners in consolidated partnerships, net 186 8,755 13
Common stock issued for dividend reinvestment in trust 557 728 833
Stock-based compensation capitalized 3,210 2,963 2,988
Contribution of stock awards into trust 1,372 1,538 1,651
Distribution of stock held in trust 677 4,114 1,898
Deconsolidation of consolidated partnership, Real estate, net 0 14,144 0
Deconsolidation of consolidated partnership, Return of capital 0 (3,355) 0
Deconsolidation of consolidated partnership, Mortgage Notes Payable 0 (9,415) 0
Deconsolidation of consolidated partnership, Other assets and liabilities 0 571 0
Deconsolidation of consolidated partnership, Noncontrolling Interest 0 (2,099) 0
Common Stock | Parent Company [Member]      
Supplemental disclosure of non-cash transactions:      
Stock Issued During Period, Value, Dividend Reinvestment Plan 1,210 1,070 1,250
Equity One Inc. [Member]      
Adjustments to reconcile net income to net cash provided by operating activities:      
Stock-based compensation, net of capitalization 7,931 0 0
Equity One Inc. [Member] | Partnership Interest [Member]      
Supplemental disclosure of non-cash transactions:      
Mortgage loans assumed for the acquisition of real estate 757,399 0 0
Common stock exchanged for Equity One shares $ 4,471,808 $ 0 $ 0