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Note 21 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Notes Tables

Book to Tax Reconciliation [Table Text Block]

		2017				2016				2015
		(Estimated)				(Actual)				(Actual)
GAAP net income attributable to the Company		$	426,075			$	378,850			$	894,115
GAAP net (income)/loss attributable to TRSs			(12,164	)			12,708				(6,073	)
GAAP net income from REIT operations (a)			413,911				391,558				888,042
Net book depreciation in excess of tax depreciation			116,106				65,194				21,515
Capitalized leasing/legal commissions			-				(11,984	)			(14,246	)
Deferred/prepaid/above-market and below-market rents, net			(30,303	)			(34,097	)			(32,848	)
Fair market value debt amortization			(8,495	)			(15,901	)			(19,723	)
Book/tax differences from restricted stock			676				(4,490	)			(3,094	)
Book/tax differences from non-qualified stock options			(172	)			(11,301	)			(4,786	)
Book/tax differences from investments in and advances to real estate joint ventures			(15,196	)			(20,739	)			(294	)
Book/tax difference on sale of properties			(85,856	)			(93,704	)			(64,270	)
Foreign income tax from capital gains			-				3,976				5,873
Cumulative foreign currency translation adjustment and deferred tax adjustment			(1,300	)			-				-
Book adjustment to property carrying values and marketable equity securities			53,893				11,161				4,484
Taxable currency exchange gains/(losses), net			221				(8,962	)			(47,297	)
Tangible property regulation deduction (b)			(52,237	)			(28,954	)			(126,957	)
GAAP gain on change in control of interests			(71,160	)			(57,385	)			(149,407	)
Valuation allowance against net deferred tax assets			-				51,939				-
Other book/tax differences, net			(6,893	)			542				(2,971	)
Adjusted REIT taxable income		$	313,195			$	236,853			$	454,021

Taxable Characteristics of Distributions Paid [Table Text Block]

		201 7								201 6								2015
Preferred H Dividends
Ordinary income		$	-				-			$	-				-			$	-				-
Capital gain			-				-				-				-				13,417				100	%
		$	-				-			$	-				-			$	13,417				100	%
Preferred I Dividends
Ordinary income		$	21,636				96	%		$	16,320				68	%		$	-				-
Capital gain			902				4	%			7,680				32	%			24,000				100	%
		$	22,538				100	%		$	24,000				100	%		$	24,000				100	%
Preferred J Dividends
Ordinary income		$	11,880				96	%		$	8,415				68	%		$	-				-
Capital gain			495				4	%			3,960				32	%			12,375				100	%
		$	12,375				100	%		$	12,375				100	%		$	12,375				100	%
Preferred K Dividends
Ordinary income		$	9,450				96	%		$	6,694				68	%		$	-				-
Capital gain			394				4	%			3,150				32	%			9,844				100	%
		$	9,844				100	%		$	9,844				100	%		$	9,844				100	%
Preferred L Dividends
Ordinary income		$	1,814				96	%		$	-				-			$	-				-
Capital gain			76				4	%			-				-				-				-
		$	1,890				100	%		$	-				-			$	-				-
Common Dividends
Ordinary income		$	260,573				57	%		$	263,892				62	%		$	-				-
Capital gain			9,143				2	%			127,689				30	%			394,400				100	%
Return of capital			187,430				41	%			34,050				8	%			-				-
		$	457,146				100	%		$	425,631				100	%		$	394,400				100	%
Total dividends distributed for tax purposes		$	503,793							$	471,850							$	454,036

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

			2017				2016				2015
I ncome/(loss) before income taxes – U.S.			$	1,487			$	(23,810	)		$	23,729
( Provision)/benefit for income taxes, net:
Federal:
Current				(704	)			2,199				(638	)
Deferred				(632	)			(45,097	)			(7,355	)
Federal tax provision				(1,336	)			(42,898	)			(7,993	)
State and local:
Current				(66	)			1,057				(2,535	)
Deferred				(190	)			(8,812	)			(1,474	)
State tax provision				(256	)			(7,755	)			(4,009	)
Total tax provision – U.S.				(1,592	)			(50,653	)			(12,002	)
Net (loss)/income from U.S. TRSs			$	(105)			$	(74,463	)		$	11,727
(Loss)/income before taxes – Non-U.S.			$	(11,483)			$	138,253			$	381,999
B enefit/(provision) for Non-U.S. income taxes:
Current (1)			$	2,425			$	(24,393	)		$	(58,365	)
Deferred				47				(3,537	)			4,331
Non-U.S. tax benefit/(provision)			$	2,472			$	(27,930	)		$	(54,034	)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

		201 7				201 6				201 5
Federal provision at statutory tax rate (35%) (1)		$	(520	)		$	(47,155	)		$	(8,304	)
State and local provision, net of federal benefit (2)			(1,072	)			(3,498	)			(3,698	)
Total tax provision – U.S.		$	(1,592	)		$	(50,653	)		$	(12,002	)

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

		201 7				201 6
Deferred tax assets:
Tax/GAAP basis differences		$	35,839			$	63,167
Net operating losses (1)			22,137				44,833
Tax credit carryforwards (2)			6,064				5,368
Capital loss carryforwards			4,648				3,659
Related party deferred losses			619				952
Charitable contribution carryforwards			23				35
Non-U.S. tax/GAAP basis differences			-				513
Valuation allowance – U.S.			(54,155	)			(95,126	)
Total deferred tax assets			15,175				23,401
Deferred tax liabilities – U.S.			(12,739	)			(19,599	)
Deferred tax liabilities – Non-U.S.			-				(559	)
Net deferred tax assets		$	2,436			$	3,243

Summary of Income Tax Contingencies [Table Text Block]

		201 7				201 6
Balance at January 1,		$	4,962			$	4,263
Increases for tax positions related to current year (1)			339				41
Increase for tax position due to ASU 2013-11			-				4,930
Decreases relating to settlements with taxing authorities			-				(2,000	)
Reductions due to lapsed statute of limitations			(1,310	)			(2,272	)
Balance at December 31,		$	3,991			$	4,962

      (1)

     Amounts relate to increases resulting from foreign currency translation adjustments.

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