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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income $ 177,716 $ 211,558
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 381,938 372,210
Loss (gain) on sale of depreciable real estate assets 7 (987)
Gain on sale of non-depreciable real estate assets (995) (9,260)
Loss (gain) on embedded derivative in preferred shares 14,603 (19,592)
Stock compensation expense 12,532 11,550
Amortization of debt issuance costs, discounts and premiums 3,595 4,706
Net change in operating accounts and other operating activities 54,489 51,353
Net cash provided by operating activities 643,885 621,538
Cash flows from investing activities:    
Purchases of real estate and other assets (5,004) (22,860)
Capital improvements, development and other (288,183) (219,670)
Distributions from real estate joint ventures 207 365
Contributions to affiliates (3,450) (4,500)
Proceeds from disposition of real estate assets 3,278 15,984
Net cash used in investing activities (293,152) (230,681)
Cash flows from financing activities:    
Proceeds from revolving credit facility 245,000 565,000
Repayments of revolving credit facility (245,000) (1,105,000)
Net (repayments of) proceeds from commercial paper (35,000) 200,000
Proceeds from notes payable 447,593 760,003
Principal payments on notes payable (440,222) (468,635)
Payment of deferred financing costs (4,196) (11,530)
Distributions to noncontrolling interests (11,993) (11,813)
Distributions paid on common shares/units (342,983) (328,239)
Distributions paid on preferred shares/units (2,766) (2,766)
Net change in other financing activities (4,118) 3,132
Net cash used in financing activities (393,685) (399,848)
Net decrease in cash, cash equivalents and restricted cash (42,952) (8,991)
Cash, cash equivalents and restricted cash, beginning of period 70,541 51,673
Cash, cash equivalents and restricted cash, end of period 27,589 42,682
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 18,407 25,826
Restricted cash 9,182 16,856
Cash, cash equivalents and restricted cash, end of period 27,589 42,682
Supplemental disclosure of cash flow information:    
Interest paid 109,527 108,249
Income taxes paid 2,534 2,509
Supplemental disclosure of noncash investing and financing activities:    
Conversion of OP Units to shares of common stock 471 1,993
Accrued construction in progress 41,443 14,652
Interest capitalized 4,783 1,847
Limited Partner [Member]    
Cash flows from operating activities:    
Net income 177,716 211,558
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 381,938 372,210
Loss (gain) on sale of depreciable real estate assets 7 (987)
Gain on sale of non-depreciable real estate assets (995) (9,260)
Loss (gain) on embedded derivative in preferred shares 14,603 (19,592)
Stock compensation expense 12,532 11,550
Amortization of debt issuance costs, discounts and premiums 3,595 4,706
Net change in operating accounts and other operating activities 54,489 51,353
Net cash provided by operating activities 643,885 621,538
Cash flows from investing activities:    
Purchases of real estate and other assets (5,004) (22,860)
Capital improvements, development and other (288,183) (219,670)
Distributions from real estate joint ventures 207 365
Contributions to affiliates (3,450) (4,500)
Proceeds from disposition of real estate assets 3,278 15,984
Net cash used in investing activities (293,152) (230,681)
Cash flows from financing activities:    
Proceeds from revolving credit facility 245,000 565,000
Repayments of revolving credit facility (245,000) (1,105,000)
Net (repayments of) proceeds from commercial paper (35,000) 200,000
Proceeds from notes payable 447,593 760,003
Principal payments on notes payable (440,222) (468,635)
Payment of deferred financing costs (4,196) (11,530)
Distributions paid on common shares/units (354,976) (340,052)
Distributions paid on preferred shares/units (2,766) (2,766)
Net change in other financing activities (4,118) 3,132
Net cash used in financing activities (393,685) (399,848)
Net decrease in cash, cash equivalents and restricted cash (42,952) (8,991)
Cash, cash equivalents and restricted cash, beginning of period 70,541 51,673
Cash, cash equivalents and restricted cash, end of period 27,589 42,682
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 18,407 25,826
Restricted cash 9,182 16,856
Cash, cash equivalents and restricted cash, end of period 27,589 42,682
Supplemental disclosure of cash flow information:    
Interest paid 109,527 108,249
Income taxes paid 2,534 2,509
Supplemental disclosure of noncash investing and financing activities:    
Accrued construction in progress 41,443 14,652
Interest capitalized $ 4,783 $ 1,847