v2.4.0.8
Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities:    
Net income $ 314,632 $ 735,128
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 466,143 409,988
Non-cash compensation expense 22,708 39,001
Impairment loss 0 8,306
Income from unconsolidated joint ventures (10,069) (72,240)
Gains on consolidation of joint ventures 0 (385,991)
Distributions of net cash flow from operations of unconsolidated joint ventures 3,130 29,607
Gains from investments in securities (651) (1,872)
Non-cash portion of interest expense (28,753) 29,149
Settlement of accreted debt discount on repurchases of unsecured exchangeable senior notes (92,979) (56,532)
Gains from early extinguishments of debt 0 (264)
Gains on sales of real estate (41,937) 0
Gain on sale of real estate from discontinued operations 0 (86,448)
Gain on forgiveness of debt from discontinued operations 0 (20,182)
Impairment loss from discontinued operations 0 3,241
Change in assets and liabilities:    
Cash held in escrows 3,957 4,017
Tenant and other receivables, net 16,254 3,628
Accrued rental income, net (42,180) (44,636)
Prepaid expenses and other assets (34,804) (41,245)
Accounts payable and accrued expenses 4,237 9,179
Accrued interest payable 14,431 35,089
Other liabilities (60,795) (9,352)
Tenant leasing costs (63,647) (37,150)
Total adjustments 155,045 (184,707)
Net cash provided by operating activities 469,677 550,421
Cash flows from investing activities:    
Acquisitions of real estate 0 (522,900)
Construction in progress (305,192) (279,786)
Building and other capital improvements (57,329) (46,805)
Tenant improvements (80,692) (78,462)
Proceeds from the sales of real estate 103,542 160,815
Proceeds from sales of real estate placed in escrow (99,917) 0
Cash recorded upon consolidation 0 79,468
Repayments of notes receivable, net 0 12,491
Capital contributions to unconsolidated joint ventures (47,767) 0
Capital distributions from unconsolidated joint ventures 641 223,067
Investments in securities, net (1,542) (1,333)
Net cash used in investing activities (488,256) (453,445)
Cash flows from financing activities:    
Repayments of mortgage notes payable (82,030) (96,750)
Proceeds from unsecured senior notes 0 1,194,753
Repayment/redemption of unsecured exchangeable senior notes (654,521) (393,468)
Deferred financing costs (31) (15,180)
Net proceeds from preferred stock issuance 0 193,623
Net proceeds from equity transactions 1,530 (348)
Redemption of preferred units (15,984) (43,070)
Dividends and distributions (726,314) (337,440)
Contributions from noncontrolling interests in property partnerships 2,980 6,386
Distributions to noncontrolling interests in property partnerships (25,524) (6,185)
Net cash provided by (used in) financing activities (1,499,894) 502,321
Net increase (decrease) in cash and cash equivalents (1,518,473) 599,297
Cash and cash equivalents, beginning of period 2,365,137 1,041,978
Cash and cash equivalents, end of period 846,664 1,641,275
Supplemental disclosures:    
Cash paid for interest 489,949 368,652
Interest capitalized 44,809 50,252
Non-cash investing and financing activities:    
Additions to real estate included in accounts payable and accrued expenses 20,016 6,397
Real estate and related intangibles recorded upon consolidation 0 3,356,000
Debt recorded upon consolidation 0 2,056,000
Working capital recorded upon consolidation 0 170,748
Noncontrolling interests recorded upon consolidation 0 480,861
Investment in unconsolidated joint venture eliminated upon consolidation 0 361,808
Mortgage note payable extinguished through foreclosure 0 25,000
Real estate transferred upon foreclosure 0 7,508
Land improvements contributed by noncontrolling interest in property partnership 0 4,546
Dividends and distributions declared but not paid 112,708 112,470
Issuance of common stock in connection with the exchange of exchangeable senior notes 0 43,834
Conversions of noncontrolling interests to stockholders’ equity 2,368 10,406
Conversions of redeemable preferred units to common units 33,306 0
Issuance of restricted securities to employees $ 27,445 $ 30,077