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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income $ 402,963 $ 455,840
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 424,797 405,412
Loss (gain) on sale of depreciable real estate assets 61 (131,963)
Gain on sale of non-depreciable real estate assets (54) (809)
Loss on embedded derivative in preferred shares 1,863 10,364
Stock compensation expense 12,296 14,615
Amortization of debt issuance costs, discounts and premiums 4,537 4,547
(Gain) loss on investments (745) 39,290
Net change in operating accounts and other operating activities 26,538 10,019
Net cash provided by operating activities 872,256 807,315
Cash flows from investing activities:    
Purchases of real estate and other assets (12,450) (252,628)
Capital improvements and other (261,069) (219,221)
Development costs (151,145) (124,262)
Distributions from real estate joint venture 0 386
Contributions to affiliates (7,505) (11,100)
Proceeds from real estate asset dispositions 2,948 165,827
Net proceeds from insurance recoveries 680 26,385
Net cash used in investing activities (428,541) (414,613)
Cash flows from financing activities:    
Net (payments of) proceeds from commercial paper (20,000) 125,000
Principal payments on notes payable (3,861) (126,043)
Payment of deferred financing costs 0 (5,473)
Distributions to noncontrolling interests (13,266) (10,968)
Distributions paid on common shares (488,354) (395,258)
Distributions paid on preferred shares (2,766) (2,766)
Proceeds from issuances of common units 204,743 761
Acquisition of noncontrolling interests 0 (43,070)
Net change in other financing activities (5,945) (11,929)
Net cash used in financing activities (329,449) (469,746)
Net increase (decrease) in cash, cash equivalents and restricted cash 114,266 (77,044)
Cash, cash equivalents and restricted cash, beginning of period 61,071 130,598
Cash, cash equivalents and restricted cash, end of period 175,337 53,554
Reconciliation of cash, cash equivalents and restricted cash at period end:    
Cash and cash equivalents 161,897 38,996
Restricted cash 13,440 14,558
Total cash, cash equivalents and restricted cash 175,337 53,554
Supplemental disclosure of cash flow information:    
Interest paid 105,640 109,936
Income taxes paid 3,824 3,463
Supplemental disclosure of noncash investing and financing activities:    
Dividends and distributions declared and accrued 167,768 148,305
Accrued construction in progress 26,519 30,175
Interest capitalized 9,065 6,146
Conversion of OP Units to shares of common stock 894 500
Limited Partnership [Member]    
Cash flows from operating activities:    
Net income 402,963 455,840
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 424,797 405,412
Loss (gain) on sale of depreciable real estate assets 61 (131,963)
Gain on sale of non-depreciable real estate assets (54) (809)
Loss on embedded derivative in preferred shares 1,863 10,364
Stock compensation expense 12,296 14,615
Amortization of debt issuance costs, discounts and premiums 4,537 4,547
(Gain) loss on investments (745) 39,290
Net change in operating accounts and other operating activities 26,538 10,019
Net cash provided by operating activities 872,256 807,315
Cash flows from investing activities:    
Purchases of real estate and other assets (12,450) (252,628)
Capital improvements and other (261,069) (219,221)
Development costs (151,145) (124,262)
Distributions from real estate joint venture 0 386
Contributions to affiliates (7,505) (11,100)
Proceeds from real estate asset dispositions 2,948 165,827
Net proceeds from insurance recoveries 680 26,385
Net cash used in investing activities (428,541) (414,613)
Cash flows from financing activities:    
Net (payments of) proceeds from commercial paper (20,000) 125,000
Principal payments on notes payable (3,861) (126,043)
Payment of deferred financing costs 0 (5,473)
Distributions paid on common shares (501,620) (406,226)
Distributions paid on preferred shares (2,766) (2,766)
Proceeds from issuances of common units 204,743 761
Acquisition of noncontrolling interests 0 (43,070)
Net change in other financing activities (5,945) (11,929)
Net cash used in financing activities (329,449) (469,746)
Net increase (decrease) in cash, cash equivalents and restricted cash 114,266 (77,044)
Cash, cash equivalents and restricted cash, beginning of period 61,071 130,598
Cash, cash equivalents and restricted cash, end of period 175,337 53,554
Reconciliation of cash, cash equivalents and restricted cash at period end:    
Cash and cash equivalents 161,897 38,996
Restricted cash 13,440 14,558
Total cash, cash equivalents and restricted cash 175,337 53,554
Supplemental disclosure of cash flow information:    
Interest paid 105,640 109,936
Income taxes paid 3,824 3,463
Supplemental disclosure of noncash investing and financing activities:    
Distribution on common units declared and accrued 167,768 148,305
Accrued construction in progress 26,519 30,175
Interest capitalized $ 9,065 $ 6,146