XML 20 R8.htm IDEA: XBRL DOCUMENT v3.19.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income (loss) $ 22,790 $ (25,515)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Loss on extinguishment of debt, net 351 0
Loss on sale or write down of assets, net 15,375 47,030
Depreciation and amortization 167,371 162,418
Amortization of premium on mortgage notes payable (464) (463)
Amortization of share and unit-based plans 7,433 19,090
Straight-line rent and amortization of above and below market leases (7,452) (7,201)
Provision for doubtful accounts 3,833 2,599
Income tax expense (benefit) 1,025 (2,265)
Equity in income of unconsolidated joint ventures (19,500) (32,541)
Distributions of income from unconsolidated joint ventures 460 669
Change in fair value of financing arrangement obligation (31,522) (4,386)
Changes in assets and liabilities, net of dispositions:    
Tenant and other receivables 10,286 13,876
Other assets (6,668) (2,676)
Due from affiliates 9,046 (1,113)
Accounts payable and accrued expenses 935 4,245
Other accrued liabilities (8,221) (8,917)
Net cash provided by operating activities 165,078 164,850
Cash flows from investing activities:    
Development, redevelopment, expansion and renovation of properties (56,298) (98,852)
Property improvements (18,005) (17,421)
Proceeds from repayment of notes receivable 65,569 618
Deferred leasing costs (9,530) (18,323)
Distributions from unconsolidated joint ventures 91,350 448,067
Contributions to unconsolidated joint ventures (96,988) (75,017)
Proceeds from sale of assets 1,015 27,063
Net cash (used in) provided by investing activities (22,887) 266,135
Cash flows from financing activities:    
Proceeds from mortgages, bank and other notes payable 976,000 195,000
Payments on mortgages, bank and other notes payable (844,560) (400,338)
Payment on finance arrangement obligation (27,944) 0
Deferred financing costs (2,921) (178)
Payments on finance leases (278)  
Proceeds from share and unit-based plans 819 806
Redemption of noncontrolling interests (37) (123)
Contribution from noncontrolling interests 410 0
Dividends and distributions (244,553) (226,745)
Net cash used in financing activities (143,064) (431,578)
Net decrease in cash, cash equivalents and restricted cash (873) (593)
Cash, cash equivalents and restricted cash, beginning of period 149,301 143,105
Cash, cash equivalents and restricted cash, end of period 148,428 142,512
Supplemental cash flow information:    
Cash payments for interest, net of amounts capitalized 105,346 93,032
Non-cash investing and financing transactions:    
Accrued development costs included in accounts payable and accrued expenses and other accrued liabilities 49,953 36,841
Conversion of Operating Partnership Units to common stock $ 1,005 $ 75