XML 18 R8.htm IDEA: XBRL DOCUMENT v3.21.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net (loss) income $ (67,730) $ 8,731
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Loss on sale or write down of assets, net 21,283 36,703
Depreciation and amortization 80,812 83,827
Amortization of premium on mortgage notes payable 0 (229)
Amortization of share and unit-based plans 4,030 4,224
Straight-line rent and amortization of above and below market leases (4,959) (243)
Provision for doubtful accounts 3,208 913
Income tax expense (benefit) 2,238 (266)
Equity in income of unconsolidated joint ventures (1,910) (9,698)
Change in fair value of financing arrangement obligation (863) (48,384)
Changes in assets and liabilities, net of dispositions:    
Tenant and other receivables 52,684 11,673
Other assets 5,969 1,037
Due from affiliates (3,619) (4,766)
Accounts payable and accrued expenses (7,328) 15,937
Other accrued liabilities (31,596) (49,759)
Net cash provided by operating activities 52,219 49,700
Cash flows from investing activities:    
Development, redevelopment, expansion and renovation of properties (14,819) (26,406)
Property improvements (8,653) (1,845)
Proceeds from repayment of notes receivable 1,300 0
Deferred leasing costs (91) (981)
Distributions from unconsolidated joint ventures 21,341 21,693
Contributions to unconsolidated joint ventures (25,673) (33,870)
Proceeds from sale of assets 100,334 0
Net cash provided by (used in) investing activities 73,739 (41,409)
Cash flows from financing activities:    
Proceeds from mortgages, bank and other notes payable 0 660,000
Payments on mortgages, bank and other notes payable (23,986) (8,676)
Deferred financing costs (3,472) 0
Proceeds from finance lease 0 4,115
Payments on finance leases (552) (290)
Proceeds from issuance of common stock 597,007 0
Redemption of noncontrolling interests (1) (2)
Contribution from noncontrolling interests 125 125
Dividends and distributions (26,670) (114,672)
Net cash provided by financing activities 542,451 540,600
Net increase in cash, cash equivalents and restricted cash 668,409 548,891
Cash, cash equivalents and restricted cash, beginning of period 482,659 114,216
Cash, cash equivalents and restricted cash, end of period 1,151,068 663,107
Supplemental cash flow information:    
Cash payments for interest, net of amounts capitalized 61,041 52,989
Non-cash investing and financing transactions:    
Accrued development costs included in accounts payable and accrued expenses and other accrued liabilities 25,248 28,250
Conversion of Operating Partnership Units to common stock 22,218 5,797
Accrued receivable of net proceeds from stock offering $ 41,137 $ 0