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CONDENSED 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 $ 736,961 $ 687,367
Depreciation and amortization of real estate, in-place lease and other intangibles:    
Continuing operations 343,496 317,172
Discontinued operations   4,604
Amortization of above and below market lease intangibles, net (619) (6,414)
Amortization of deferred compensation 16,467 33,833
Amortization of deferred financing costs, net 14,122 13,922
Straight-line rents (35,082) (28,559)
Loan and direct financing lease interest accretion (58,271) (65,296)
Deferred rental revenues (420) 73
Equity income from unconsolidated joint ventures (39,388) (44,278)
Distributions of earnings from unconsolidated joint ventures 3,895 2,724
Lease termination income, net (38,001)  
Gain on sales of real estate (28,010) (9,185)
Marketable securities and other (gains) losses, net (2,143) (10,964)
Changes in:    
Accounts receivable, net (7,193) 6,389
Other assets (14,345) (43,939)
Accounts payable and accrued liabilities (8,447) (13,769)
Net cash provided by operating activities 883,022 843,680
Cash flows from investing activities:    
Cash used to acquire the CCRC unconsolidated joint venture interest, net (370,186)  
Acquisitions of real estate (467,147) (63,878)
Development of real estate (118,732) (96,914)
Leasing costs and tenant and capital improvements (44,953) (33,964)
Proceeds from sales of real estate, net 36,938 3,777
Contributions to unconsolidated joint ventures (2,935)  
Distributions in excess of earnings from unconsolidated joint ventures 1,986 1,194
Purchases of marketable debt securities   (16,706)
Proceeds from the sales of marketable securities   28,403
Principal repayments on loans receivable 49,503 231,004
Investments in loans receivable and other (24,480) (316,494)
(Increase) decrease in restricted cash (17,219) (10,376)
Net cash used in investing activities (957,225) (273,954)
Cash flows from financing activities:    
Net borrowings under bank line of credit 70,000 283,082
Issuance of senior unsecured notes 1,150,000  
Repayments of senior unsecured notes (487,000) (150,000)
Issuance of mortgage and other debt 39,671 6,798
Repayments of mortgage debt (202,134) (285,005)
Deferred financing costs (16,550)  
Issuance of common stock and exercise of options 73,059 92,504
Repurchase of common stock (11,599)  
Dividends paid on common stock (750,835) (716,869)
Issuance of noncontrolling interests 4,282 12,387
Distributions to and purchase of noncontrolling interests (11,719) (11,536)
Net cash used in financing activities (142,825) (768,639)
Effect of foreign exchange on cash and cash equivalents 3 654
Net decrease in cash and cash equivalents (217,025) (198,259)
Cash and cash equivalents, beginning of period 300,556 247,673
Cash and cash equivalents, end of period $ 83,531 $ 49,414