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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net income $ 42,413 $ 37,629
Adjustments to reconcile net income to net cash provided by operating activities:    
(Gain) loss on extinguishment of debt, net (636) 358
Loss on sale or write down of assets, net 3,736 11,065
Gain on remeasurement of assets (22,089) 0
Depreciation and amortization 243,526 180,374
Amortization of net premium on mortgage notes payable (12,382) (2,704)
Amortization of share and unit-based plans 19,207 20,839
Straight-line rent adjustment (1,663) (3,098)
Amortization of above and below-market leases (9,784) (2,719)
Provision for doubtful accounts 3,156 3,430
Income tax benefit (1,218) (3,070)
Equity in income of unconsolidated joint ventures (17,368) (27,672)
Distributions of income from unconsolidated joint ventures 0 177
Co-venture expense 4,943 4,032
Changes in assets and liabilities, net of acquisitions and dispositions:    
Tenant and other receivables 10,991 10,966
Other assets (4,334) 487
Due from affiliates 2,225 940
Accounts payable and accrued expenses 7,756 (15,085)
Other accrued liabilities 4,400 (25,377)
Net cash provided by operating activities 272,879 190,572
Cash flows from investing activities:    
Acquisitions of property (26,250) (15,233)
Development, redevelopment, expansion and renovation of properties (132,212) (82,457)
Property improvements (16,851) (14,597)
Proceeds from notes receivable 909 0
Deferred leasing costs (18,128) (13,772)
Distributions from unconsolidated joint ventures 46,326 33,382
Contributions to unconsolidated joint ventures (312,367) (108,316)
Loans to unconsolidated joint ventures, net 0 (640)
Proceeds from sale of assets 1,440 25,414
Restricted cash (987) 1,420
Net cash used in investing activities (458,120) (174,799)
Cash flows from financing activities:    
Proceeds from mortgages, bank and other notes payable 1,565,674 301,655
Payments on mortgages, bank and other notes payable (1,120,090) (121,571)
Deferred financing costs (5,060) (603)
Proceeds from share and unit-based plans 745 645
Redemption of noncontrolling interests (189) (221)
Contribution from noncontrolling interests 23 0
Payment of contingent consideration 0 (9,000)
Dividends and distributions (221,911) (191,200)
Distributions to co-venture partner (8,532) (8,693)
Net cash provided by (used in) financing activities 210,660 (28,988)
Net increase (decrease) in cash and cash equivalents 25,419 (13,215)
Cash and cash equivalents, beginning of period 84,907 69,715
Cash and cash equivalents, end of period 110,326 56,500
Supplemental cash flow information:    
Cash payments for interest, net of amounts capitalized 119,291 97,083
Non-cash investing and financing transactions:    
Accrued development costs included in accounts payable and accrued expenses and other accrued liabilities 43,085 24,933
Assumption of mortgage note payable from unconsolidated joint venture 50,000 0
Mortgage note payable settled by deed-in-lieu of foreclosure 34,149 0
Acquisition of property in exchange for investment in unconsolidated joint venture 76,250 15,767
Notes receivable issued in connection with sale of property 0 9,603
Conversion of Operating Partnership Units to common stock $ 1,559 $ 984