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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net income $ 102,554 $ 68,972 $ 161,673
Adjustments to reconcile net income to net cash provided by operating activities:      
Loss on extinguishment of debt 351 0 0
Loss (gain) on sale or write down of assets, net 11,909 31,825 (42,446)
Depreciation and amortization 337,667 334,682 341,275
Amortization of net premium on mortgage notes payable (929) (929) (3,277)
Amortization of share and unit-based plans 12,032 27,367 30,799
Straight-line rent and amortization of above and below market leases (14,009) (13,701) (9,561)
Provision for doubtful accounts 7,682 4,663 4,314
Income tax expense (benefit) 1,589 (3,604) 15,594
Equity in income of unconsolidated joint ventures (48,508) (71,773) (85,546)
Change in fair value of financing arrangement obligation (76,640) (15,225) 0
Co-venture expense 0 0 13,629
Distributions of income from unconsolidated joint ventures 934 1,959 463
Changes in assets and liabilities, net of acquisitions and dispositions:      
Tenant and other receivables (9,929) (13,912) (6,508)
Other assets (9,553) 8,439 (4,414)
Due from affiliates 13,894 (3,019) (13,982)
Accounts payable and accrued expenses (237) (2,159) (5,822)
Other accrued liabilities 26,350 (9,274) (9,802)
Net cash provided by operating activities 355,157 344,311 386,389
Cash flows from investing activities:      
Development, redevelopment, expansion and renovation of properties (166,791) (181,089) (160,343)
Property improvements (21,114) (56,142) (41,807)
Proceeds from collection of notes receivable 68,819 1,043 7,073
Deferred leasing costs (11,906) (28,769) (31,655)
Distributions from unconsolidated joint ventures 266,349 536,643 267,964
Contributions to unconsolidated joint ventures (252,903) (181,239) (117,538)
Proceeds from sale of assets 5,520 85,876 255,294
Net cash (used in) provided by investing activities (112,026) 176,323 178,988
Cash flows from financing activities:      
Proceeds from mortgages, bank and other notes payable 1,796,000 415,000 1,430,000
Payments on mortgages, bank and other notes payable (1,567,089) (469,814) (1,219,728)
Deferred financing costs (7,759) (275) (8,500)
Payment of finance deposits, net of refunds received 0 (6,542) 0
Payment on finance arrangement obligation (27,945) 0 0
Payments on finance leases (1,472)    
Proceeds from share and unit-based plans 1,519 1,570 1,868
Stock repurchases 0 0 (221,428)
Redemption of noncontrolling interests (67) (759) (920)
Contributions from noncontrolling interests 3,131 16 30
Dividends and distributions (474,534) (453,634) (443,839)
Distributions to co-venture partner 0 0 (103,752)
Net cash used in financing activities (278,216) (514,438) (566,269)
Net (decrease) increase in cash, cash equivalents and restricted cash (35,085) 6,196 (892)
Cash, cash equivalents and restricted cash at beginning of year 149,301 143,105 143,997
Cash, cash equivalents, and restricted cash at end of year 114,216 149,301 143,105
Supplemental cash flow information:      
Cash payments for interest, net of amounts capitalized 210,026 192,254 168,493
Non-cash investing and financing activities:      
Accrued development costs included in accounts payable and accrued expenses and other accrued liabilities 32,452 50,006 43,726
Conversion of Operating Partnership Units to common stock 1,005 75 16,797
Lease liabilities recorded in connection with right-of-use assets 109,299    
Mortgage notes payable assumed by buyer in exchange for investment in unconsolidated joint venture 0 139,249 0
Disposition of property in exchange for investments in unconsolidated joint ventures $ 0 $ 25,177 $ 0