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Consolidated Statements of Cash Flows (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:  
Net income$ 75,120$ 59,397
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation and amortization211,582216,016
Net amortization of deferred finance costs and debt premiums8,1435,219
Net amortization of intangible lease assets and liabilities(1,179)(1,481)
Gain on sales of real estate assets(3,637)(2,577)
Realized foreign currency loss0169
Gain on sale of discontinued operations(86)(29)
Write-off of development projects51420
Share-based compensation expense1,7691,932
Income tax effect of share-based compensation0(1,815)
Net realized loss on sale of available-for-sale securities220
Write down of mortgage and other notes receivable1,9000
Loss on impairment of real estate55,7610
Loss on impairment of real estate from discontinued operations2,23925,435
Gain on extinguishment of debt(581)0
Gain on extinguishment of debt from discontinued operations(31,434)0
Equity in (earnings) losses of unconsolidated affiliates(4,222)610
Distributions of earnings from unconsolidated affiliates6,1713,554
Provision for doubtful accounts1,9992,950
Change in deferred tax accounts(5,032)2,245
Changes in:  
Tenant and other receivables(3,908)(8,623)
Other assets552(5,918)
Accounts payable and accrued liabilities2,905(7,666)
Net cash provided by operating activities318,135289,838
CASH FLOWS FROM INVESTING ACTIVITIES:  
Additions to real estate assets(149,321)(80,689)
Acquisition of real estate assets(12,172)0
(Additions) reductions to restricted cash(13,571)16,837
Proceeds from sales of real estate assets20,4955,485
Additions to mortgage and other notes receivable(5,300)0
Payments received on mortgage and other notes receivable4,8171,485
Net purchases of available-for-sale securities0(9,975)
Additional investments in and advances to unconsolidated affiliates(20,041)(22,019)
Distributions in excess of equity in earnings of unconsolidated affiliates13,09428,548
Changes in other assets(10,770)(4,089)
Net cash used in investing activities(172,769)(64,417)
CASH FLOWS FROM FINANCING ACTIVITIES:  
Proceeds from mortgage and other indebtedness1,373,265637,113
Principal payments on mortgage and other indebtedness(1,315,890)(824,371)
Additions to deferred financing costs(16,154)(4,418)
Proceeds from issuances of common stock136104
Proceeds from issuances of preferred stock0121,268
Proceeds from exercises of stock options1,955942
Income tax effect of share-based compensation01,815
Contributions from noncontrolling interests1,0400
Distributions to noncontrolling interests(55,033)(64,409)
Dividends paid to holders of preferred stock(31,782)(22,745)
Dividends paid to common shareholders(91,887)(62,114)
Net cash used in financing activities(134,350)(216,815)
NET CHANGE IN CASH AND CASH EQUIVALENTS11,0168,606
CASH AND CASH EQUIVALENTS, end of period50,89648,062
CASH AND CASH EQUIVALENTS, end of period61,91256,668
SUPPLEMENTAL INFORMATION:  
Cash paid for interest, net of amounts capitalized$ 202,097$ 212,343