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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flow from operating activities:      
Net income $ 439,671 $ 386,138 $ 900,143
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 360,811 355,320 344,527
Impairment charges 67,331 93,266 45,464
Deferred taxes 807 55,068 4,498
Early extinguishment of debt charges 1,753 45,674
Equity award expense 21,563 19,071 18,465
Gain on sale of operating properties, net, net of tax (93,538) (92,823) (132,907)
Gain on sale of marketable securities (39,852)
Gain on change in control of interests (71,160) (57,386) (149,234)
Equity in income of joint ventures, net (60,763) (218,714) (480,395)
Equity in income from other real estate investments, net (67,001) (27,773) (36,090)
Distributions from joint ventures and other real estate investments 58,189 90,589 126,263
Change in accounts and notes receivable (7,934) (6,571) (2,867)
Change in accounts payable and accrued expenses 4,417 (7,886) 164
Change in Canadian withholding tax receivable 12,996 23,571 (37,040)
Change in other operating assets and liabilities (52,961) (65,448) (67,438)
Net cash flow provided by operating activities 614,181 592,096 493,701
Cash flow from investing activities:      
Acquisition of operating real estate and other related net assets (153,854) (203,190) (661,423)
Improvements to operating real estate (206,800) (143,489) (166,670)
Acquisition of real estate under development (10,010) (51,588) (16,355)
Improvements to real estate under development (160,257) (72,759) (16,861)
Investment in marketable securities (9,822) (2,466) (257)
Proceeds from sale/repayments of marketable securities 3,146 1,937 76,170
Investments in and advances to real estate joint ventures (35,291) (86,453) (91,609)
Reimbursements of investments and advances to real estate joint ventures 55,839 71,656 94,053
Distributions from liquidation of real estate joint ventures 138,475 373,833
Return of investment from liquidation of real estate joint ventures 191,902 88,672
Investment in other real estate investments (666) (233) (641)
Reimbursements of investments and advances to other real estate investments 40,709 11,019 40,556
Collection of mortgage loans receivable 1,405 921 55,145
Investment in other investments (190,278)
Reimbursements of other investments 500
Proceeds from sale of operating properties 181,321 304,600 437,030
Proceeds from sale of development properties 4,551
Net cash flow (used for)/provided by investing activities (294,280) 165,383 21,365
Cash flow from financing activities:      
Principal payments on debt, excluding normal amortization of rental property debt (687,117) (700,853) (555,627)
Principal payments on rental property debt (15,186) (19,039) (28,632)
Proceeds from mortgage loan financings 206,000
(Repayments)/proceeds under the unsecured revolving credit facility, net (17,143) 26,445 (100,000)
Proceeds from issuance of unsecured term loan/notes 1,250,000 1,400,000 1,500,030
Repayments under unsecured term loan/notes (550,000) (1,261,850) (750,000)
Financing origination costs (23,305) (25,679) (19,017)
Payment of early extinguishment of debt charges (2,631) (45,674)
Change in tenants' security deposits 911 1,367 2,116
Contributions from noncontrolling interests 1,422 106,154
Conversion/distribution of noncontrolling interests (96,599) (12,594) (55,753)
Dividends paid (506,172) (474,045) (455,833)
Proceeds from issuance of stock, net 440,946 307,395 18,708
Redemption of preferred stock (225,000) (175,000)
Net cash flow used for financing activities (223,874) (804,527) (512,854)
Net change in cash and cash equivalents 96,027 (47,048) 2,212
Cash and cash equivalents, beginning of year 142,486 189,534 187,322
Cash and cash equivalents, end of year 238,513 142,486 189,534
Interest paid during the year (net of capitalized interest of $14,480, $9,247 and $5,618, respectively) 192,155 252,482 232,950
Income taxes (received)/paid during the year (net of refunds received of $16,118, $113,934 and $0, respectively) $ (14,456) $ 6,090 $ 100,366