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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net (loss) income $ (245,462) $ 102,554 $ 68,972
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Loss on extinguishment of debt 0 351 0
Loss on remeasurement of assets 163,298 0 0
Loss on sale or write down of assets, net 68,112 11,909 31,825
Depreciation and amortization 326,058 337,667 334,682
Amortization of net premium on mortgage notes payable (773) (929) (929)
Amortization of share and unit-based plans 13,843 12,032 27,367
Straight-line rent and amortization of above and below market leases (23,707) (14,009) (13,701)
Provision for doubtful accounts 44,250 7,682 4,663
Income tax (benefit) expense (447) 1,589 (3,604)
Equity in loss (income) of unconsolidated joint ventures 27,038 (48,508) (71,773)
Change in fair value of financing arrangement obligation (139,522) (76,640) (15,225)
Distributions of income from unconsolidated joint ventures 0 934 1,959
Changes in assets and liabilities, net of acquisitions and dispositions:      
Tenant and other receivables (105,947) (9,929) (13,912)
Other assets 810 (9,553) 8,439
Due from affiliates 3,385 13,894 (3,019)
Accounts payable and accrued expenses 15,479 (237) (2,159)
Other accrued liabilities (21,578) 26,350 (9,274)
Net cash provided by operating activities 124,837 355,157 344,311
Cash flows from investing activities:      
Development, redevelopment, expansion and renovation of properties (45,161) (166,791) (181,089)
Property improvements (23,143) (21,114) (56,142)
Proceeds from collection of notes receivable 0 68,819 1,043
Deferred leasing costs (3,212) (11,906) (28,769)
Distributions from unconsolidated joint ventures 78,427 266,349 536,643
Contributions to unconsolidated joint ventures (132,466) (252,903) (181,239)
Cash and restricted cash acquired from acquisition of previously unconsolidated joint venture 5,811 0 0
Loan to previously unconsolidated joint venture (100,000) 0 0
Proceeds from sale of assets 16,896 5,520 85,876
Net cash (used in) provided by investing activities (202,848) (112,026) 176,323
Cash flows from financing activities:      
Proceeds from mortgages, bank and other notes payable 660,000 1,796,000 415,000
Payments on mortgages, bank and other notes payable (33,972) (1,567,089) (469,814)
Deferred financing costs (4,320) (7,759) (275)
Payment of finance deposits, net of refunds received 0 0 (6,542)
Payment on finance arrangement obligation 0 (27,945) 0
Proceeds from finance lease 4,115 0  
Payments on finance leases (1,534) (1,472)  
Proceeds from share and unit-based plans 1,531 1,519 1,570
Redemption of noncontrolling interests (29) (67) (759)
Contributions from noncontrolling interests 525 3,131 16
Dividends and distributions (179,862) (474,534) (453,634)
Net cash provided by (used in) financing activities 446,454 (278,216) (514,438)
Net increase (decrease) in cash, cash equivalents and restricted cash 368,443 (35,085) 6,196
Cash, cash equivalents and restricted cash at beginning of year 114,216 149,301 143,105
Cash, cash equivalents, and restricted cash at end of year 482,659 114,216 149,301
Supplemental cash flow information:      
Cash payments for interest, net of amounts capitalized 199,147 210,026 192,254
Non-cash investing and financing activities:      
Accrued development costs included in accounts payable and accrued expenses and other accrued liabilities 29,376 32,452 50,006
Conversion of Operating Partnership Units to common stock 12,086 1,005 75
Lease liabilities recorded in connection with right-of-use assets 0 109,299  
Mortgage notes payable assumed by buyer in exchange for investment in unconsolidated joint venture 0 0 139,249
Disposition of property in exchange for investments in unconsolidated joint ventures 0 0 25,177
Joint venture      
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Equity in loss (income) of unconsolidated joint ventures 27,038 (48,508) (71,773)
Disposition of property in exchange for investments in unconsolidated joint ventures 19,300 0 0
Assets acquired from previously unconsolidated joint venture 395,844 0 0
Liabilities assumed from previously unconsolidated joint venture $ 263,393 $ 0 $ 0