XML 22 R7.htm IDEA: XBRL DOCUMENT v3.24.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 167,920 $ 185,242
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of real estate assets and leasing costs 262,292 263,662
Depreciation of non-real estate furniture, fixtures, and equipment 4,769 5,600
Revenue reversals for doubtful accounts, net (Note 9) 4,657 3,931
Non-cash amortization of share-based compensation awards 13,271 28,360
Non-cash amortization of deferred financing costs and debt discounts 5,243 3,921
Non-cash amortization of net below market rents (2,675) (5,675)
Non-cash amortization of deferred revenue related to tenant-funded tenant improvements (13,539) (14,643)
Straight-line rents (888) (16,533)
Amortization of right of use ground lease assets 796 765
Net change in other operating assets (7,427) 2,042
Net change in other operating liabilities (1,507) 35,694
Net cash provided by operating activities 432,912 492,366
CASH FLOWS FROM INVESTING ACTIVITIES:    
Maturity (Purchases) of certificates of deposit (Note 3) 256,581 (252,830)
Expenditures for development and redevelopment properties and undeveloped land (290,593) (338,794)
Expenditures for operating properties and other capital assets (64,381) (68,853)
Expenditures for acquisitions of operating properties (Note 2) (35,155) 0
Net cash used in investing activities (133,548) (660,477)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Distributions to noncontrolling interests in consolidated property partnerships (17,446) (22,818)
Dividends and distributions paid to common stockholders and common unitholders (191,938) (191,499)
Repurchase of common stock and restricted stock units (27,636) (11,595)
Financing costs (18,146) (10,962)
Principal payments and repayments of secured debt (4,482) (4,310)
Proceeds from the issuance of unsecured debt (Note 5) 395,516 375,000
Repayments of unsecured debt (Note 5) (320,000) 0
Borrowings on unsecured debt 0 320,000
Repurchases of unsecured debt 0 (14,290)
Net cash (used in) provided by financing activities (184,132) 439,526
Net increase in cash and cash equivalents and restricted cash 115,232 271,415
Cash and cash equivalents and restricted cash, beginning of period 510,163 347,379
Cash and cash equivalents and restricted cash, end of period $ 625,395 $ 618,794