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v3.4.0.3

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2016 | Mar. 31, 2015
Cash flows from operating activities |  |  |
Net income |  | $ 42,940 | $ 121,065
Income from discontinued operations |  | (5,076) | (4,869)
Adjustments to reconcile net income to net cash from operating activities: |  |  |
Depreciation and amortization |  | 62,091 | 57,984
Gain on sale of operating properties, including land |  | (443) | (85,192)
Distributions of income from joint ventures |  | 1,483 | 1,203
Equity in income of joint ventures | [1] | (1,497) | (1,382)
Share-based compensation |  | 4,759 | 3,919
Net change in operating accounts and other |  | (16,920) | (25,060)
Net cash from continuing operating activities |  | 87,337 | 67,668
Net cash from discontinued operating activities |  | 9,173 | 8,868
Net cash from operating activities |  | 96,510 | 76,536
Cash flows from investing activities |  |  |
Development and capital improvements |  | (73,065) | (96,245)
Proceeds from sales of operating properties, including land |  | 2,000 | 112,180
Other |  | (2,664) | (284)
Net cash from continuing investing activities |  | (73,729) | 15,651
Net cash from discontinued investing activities |  | (3,671) | (1,509)
Net cash from investing activities |  | (77,400) | 14,142
Cash flows from financing activities |  |  |
Borrowings on unsecured credit facility and other short-term borrowings |  | 966,000 | 0
Repayments on unsecured credit facility, other short-term borrowings and notes payable |  | (925,610) | (714)
Distributions to common shareholders and non-controlling interests |  | (64,249) | (60,386)
Purchase of non-controlling interests |  | 0 | (9,500)
Other |  | 1,067 | 357
Net cash from continuing financing activities |  | (22,792) | (70,243)
Net increase (decrease) in cash and cash equivalents |  | (3,682) | 20,435
Cash and cash equivalents, beginning of period |  | 10,617 | 153,918
Cash and cash equivalents, end of period |  | 6,935 | 174,353
Supplemental information |  |  |
Cash paid for interest, net of interest capitalized |  | 16,552 | 14,420
Supplemental schedule of noncash investing and financing activities |  |  |
Distributions declared but not paid |  | 69,020 | 64,261
Value of shares issued under benefit plans, net of cancellations |  | 17,545 | 17,297
Net change in redemption of non-qualified share awards |  | 6,810 | 2,412
Accrual associated with construction and capital expenditures |  | $ 30,157 | $ 25,637
[1] | Equity in income excludes our ownership interest of fee income from various services provided by us to the Funds.

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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 55 -Paragraph 4K -URI http://asc.fasb.org/extlink&oid=65897068&loc=SL4591552-111686 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=68079674&loc=SL4569616-111683 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=64809438&loc=SL4573702-111684 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 55 -Paragraph 4J -URI http://asc.fasb.org/extlink&oid=65897068&loc=SL4591551-111686 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (a)(2) -URI http://asc.fasb.org/extlink&oid=64809438&loc=SL4573702-111684 + Details
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