XML 57 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities:    
Net income $ 19,644 $ 22,530
Adjustments to reconcile net income to net cash provided by operating activities:    
Loss on extinguishment of debt 358 0
Loss (gain) on remeasurement, sale or write down of assets, net 1,611 (4,828)
Gain on the disposition of assets, net from discontinued operations 0 (6)
Depreciation and amortization 90,569 95,465
Amortization of net premium on mortgage notes payable (1,352) (2,441)
Amortization of share and unit-based plans 16,505 3,700
Straight-line rent adjustment (1,491) (1,561)
Amortization of above and below-market leases (1,497) (1,624)
Provision for doubtful accounts 372 756
Income tax benefit (172) (243)
Equity in income of unconsolidated joint ventures (13,769) (18,115)
Distributions of income from unconsolidated joint ventures 0 8,538
Co-venture expense 1,820 2,041
Changes in assets and liabilities, net of acquisitions and dispositions:    
Tenant and other receivables 8,817 4,782
Other assets (1,536) 9,092
Due from affiliates 1,573 (799)
Accounts payable and accrued expenses 8,049 15,073
Other accrued liabilities (31,590) (24,817)
Net cash provided by operating activities 97,911 107,543
Cash flows from investing activities:    
Acquisitions of property 0 (470,000)
Development, redevelopment, expansion and renovation of properties (29,578) (36,741)
Property improvements (4,792) (10,901)
Issuance of notes receivable 0 (13,330)
Proceeds from maturities of marketable securities 0 99
Deferred leasing costs (6,465) (10,885)
Distributions from unconsolidated joint ventures 43,495 104,708
Contributions to unconsolidated joint ventures (49,842) (26,134)
Collection of/loans to unconsolidated joint ventures, net (618) (21)
Proceeds from sale of assets 24,514 6,059
Restricted cash 1,035 530
Net cash used in investing activities (22,251) (456,616)
Cash flows from financing activities:    
Proceeds from mortgages, bank and other notes payable 133,982 1,735,123
Payments on mortgages, bank and other notes payable (104,225) (1,286,303)
Deferred financing costs (550) (4,601)
Redemption of noncontrolling interests (203) (1,022)
Payments of Contingent Consideration (9,000) 0
Dividends and distributions (95,342) (86,207)
Distributions to co-venture partner (5,111) (4,896)
Net cash (used in) provided by financing activities (80,449) 352,094
Net (decrease) increase in cash and cash equivalents (4,789) 3,021
Cash and cash equivalents, beginning of period 69,715 65,793
Cash and cash equivalents, end of period 64,926 68,814
Supplemental cash flow information:    
Cash payments for interest, net of amounts capitalized 47,958 53,993
Non-cash transactions:    
Accrued development costs included in accounts payable and accrued expenses and other accrued liabilities 37,852 25,761
Notes receivable issued in connection with sale of property 9,603 0
Application of deposit to acquire property 0 30,000
Conversion of noncontrolling interests to common shares $ 627 $ 974