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Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities    
Net income $ 77,357 $ 139,370
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 115,349 107,785
Gain on sale of discontinued operations, net of tax 0 (56,649)
Gain on sale of land (1,801) (698)
Impairment associated with land holdings 1,152 0
Distributions of income from joint ventures 5,161 5,898
Equity in income of joint ventures (5,026) [1] (18,732) [1]
Share-based compensation 7,867 6,969
Amortization of deferred financing costs 1,657 1,814
Net change in operating accounts and other (7,718) (4,728)
Net cash from operating activities 193,998 181,029
Cash flows from investing activities    
Development and capital improvements (267,985) (157,457)
Acquisition of operating property 0 (107,546)
Proceeds from sale of land and discontinued operations 13,706 108,039
Distributions from investments in joint ventures 5,853 4,563
Increase in non-real estate assets (2,845) (4,327)
Other 1,059 28
Net cash from investing activities (250,212) (156,700)
Cash flows from financing activities    
Borrowings on unsecured line of credit and other short-term borrowings 1,060,000 139,000
Repayments on unsecured line of credit and other short-term borrowings (880,000) (98,000)
Repayment of notes payable (11,016) (28,166)
Distributions to common shareholders and non-controlling interests (116,515) (106,469)
Proceeds from issuance of common shares 0 40,182
Payment of deferred financing costs (420) (517)
Common share options exercised 295 2,400
Net decrease in accounts receivable – affiliates 1,223 6,351
Other 922 727
Net cash from financing activities 54,489 (44,492)
Net decrease in cash and cash equivalents (1,725) (20,163)
Cash and cash equivalents, beginning of period 17,794 26,669
Cash and cash equivalents, end of period 16,069 6,506
Supplemental information    
Cash paid for interest, net of interest capitalized 40,697 50,119
Cash paid for income taxes 1,411 1,766
Supplemental schedule of noncash investing and financing activities    
Distributions declared but not paid 59,770 56,821
Value of shares issued under benefit plans, net of cancellations 19,633 23,040
Net change in redemption of non-qualified share awards 14,161 0
Accrual associated with construction and capital expenditures $ 25,172 $ 19,096
[1] Equity in income excludes our ownership interest of fee income from various services provided by us to the funds.