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Condensed Consolidated Statements Of Cash Flows
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
USD ($)
Jun. 30, 2023
USD ($)
Jun. 30, 2022
USD ($)
Cash flows from operating activities      
Net income $ 498,886 $ 136,559 $ 582,487
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation and amortization   285,498 270,872
Loss on early retirement of debt 0 2,513 0
Gain on sale of operating property   (48,919) (36,372)
Gain on acquisition of unconsolidated joint venture interests (474,146) 0 (474,146)
Distributions of income from joint ventures   0 3,015
Equity in income of joint ventures 0 [1] 0 (3,048) [1]
Share-based compensation   7,098 6,442
Net change in operating accounts and other   (16,107) (18,616)
Net cash from operating activities   366,642 330,634
Cash flows from investing activities      
Development and capital improvements, including land   (196,271) (250,988)
Acquisition of joint venture interests, net of cash acquired   0 (1,066,051)
Proceeds from sale of operating property   60,359 70,536
Other   (3,784) (8,001)
Net cash from investing activities   (139,696) (1,254,504)
Cash flows from financing activities      
Borrowings on unsecured revolving credit facility   934,000 560,000
Repayments on unsecured revolving credit facility   (499,000) (510,000)
Repayment of notes payable, including prepayment penalties   (437,749) 0
Proceeds from issuance of common shares 490,593 0 516,758
Distributions to common shareholders and non-controlling interests   (214,011) (189,638)
Other   1,233 6,428
Net cash from financing activities   (215,527) 383,548
Net increase/(decrease) in cash, cash equivalents, and restricted cash   11,419 (540,322)
Cash, cash equivalents, and restricted cash, beginning of period   17,438 618,980
Cash, cash equivalents, and restricted cash, end of period 78,658 28,857 78,658
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]      
Cash and cash equivalents 72,095 20,326 72,095
Restricted cash 6,563 8,531 6,563
Total cash, cash equivalents, and restricted cash $ 78,658 28,857 78,658
Supplemental information      
Cash paid for interest, net of interest capitalized   65,103 51,941
Cash paid for income taxes   3,021 2,818
Supplemental schedule of noncash investing and financing activities      
Distributions declared but not paid   110,465 103,621
Value of shares issued under benefit plans, net of cancellations   25,070 21,739
Conversion of operating partnership units to common shares   0  
Accrual associated with construction and capital expenditures   22,342 23,262
Mortgage debt assumed   0 514,554
Other liabilities   0 $ 39,168
Conversion of operating partnership units to common shares   $ 0  
[1] Equity in income excludes our ownership interest of fee income from various services provided by us to the Funds.