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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net income $ 522,912 $ 1,606,931 $ 448,959
Adjustments to reconcile net income to net cash provided by operating activities:      
(Gain) loss on early extinguishment of debt, net (16,066) 526 (1,432)
(Gain) loss on sale or write down of assets, net (378,248) (73,440) 78,057
Gain on remeasurement of assets (22,089) (1,423,136) (51,205)
Gain on disposition of assets, net from discontinued operations 0 0 (286,414)
Depreciation and amortization 471,320 387,785 383,002
Amortization of net premium on mortgage notes payable (20,232) (8,906) (6,822)
Amortization of share and unit-based plans 28,367 29,463 24,207
Straight-line rent adjustment (7,192) (5,825) (7,987)
Amortization of above and below-market leases (16,510) (9,083) (6,726)
Provision for doubtful accounts 4,698 3,962 4,150
Income tax benefit (3,223) (4,269) (1,692)
Equity in income of unconsolidated joint ventures (45,164) (60,626) (167,580)
Co-venture expense 11,804 9,490 8,864
Distributions of income from unconsolidated joint ventures 4,541 2,412 8,538
Changes in assets and liabilities, net of acquisitions and dispositions:      
Tenant and other receivables 1,908 (12,356) (5,482)
Other assets 13,892 (15,594) 7,761
Due from affiliates (7,025) (1,770) 266
Accounts payable and accrued expenses (4,014) (123) (747)
Other accrued liabilities 698 (24,735) (5,682)
Net cash provided by operating activities 540,377 400,706 422,035
Cash flows from investing activities:      
Acquisition of properties (26,250) (15,233) (516,239)
Development, redevelopment, expansion and renovation of properties (272,334) (185,412) (158,682)
Property improvements (53,335) (66,718) (51,683)
Cash acquired from acquisitions 0 28,890 0
Proceeds from note receivable 1,833 4,825 8,347
Issuance of notes receivable 0 (65,130) (13,330)
Proceeds from maturities of marketable securities 0 0 23,769
Deposit on acquisition of property (12,500) 0 0
Deferred leasing costs (33,902) (28,019) (27,669)
Distributions from unconsolidated joint ventures 105,640 78,222 618,048
Contributions to unconsolidated joint ventures (426,186) (336,621) (97,898)
Collections of loans to unconsolidated joint ventures, net 0 2,756 589
Proceeds from sale of assets 646,898 320,123 416,077
Restricted cash (30,888) 6,526 70,538
Net cash (used in) provided by investing activities (101,024) (255,791) 271,867
Cash flows from financing activities:      
Proceeds from mortgages, bank and other notes payable 4,080,671 1,204,946 2,572,764
Payments on mortgages, bank and other notes payable (3,284,213) (853,080) (3,051,072)
Deferred financing costs (11,805) (1,267) (11,966)
Payment of finance deposits, net of refunds received 11,138 0 0
Proceeds from share and unit-based plans 1,512 1,231 1,188
Proceeds from stock offerings 0 0 173,011
Payment of stock issuance costs 0 (5,503) (1,909)
Stock repurchases (400,144) 0 0
Redemption of noncontrolling interests (456) (236) (1,066)
Contributions from noncontrolling interests 23 0 4,140
Purchase of noncontrolling interest (1,593) (55,867) 0
Payment of contingent consideration 0 (18,667) 0
Dividends and distributions (787,109) (385,725) (355,506)
Distributions to co-venture partner (23,498) (15,555) (19,564)
Net cash used in financing activities (437,750) (129,723) (689,980)
Net increase in cash and cash equivalents 1,603 15,192 3,922
Cash and cash equivalents, beginning of year 84,907 69,715 65,793
Cash and cash equivalents, end of year 86,510 84,907 69,715
Supplemental cash flow information:      
Cash payments for interest, net of amounts capitalized 231,106 186,877 195,129
Non-cash investing and financing activities:      
Accrued development costs included in accounts payable and accrued expenses and other accrued liabilities 52,983 83,108 41,334
Acquisition of property by issuance of common stock 0 1,166,777 0
Conversion of Operating Partnership Units to common stock 1,559 2,410 12,984
Accrued dividend 337,703 0 0
Acquisition of properties by assumption of mortgage note payable and other accrued liabilities 0 1,414,659 257,064
Mortgage notes payable settled in deed-in-lieu of foreclosure 34,149 0 84,000
Mortgage notes payable assumed by buyers in sales of properties 0 31,725 224,737
Mortgage notes payable assumed by buyer in exchange for investment in unconsolidated joint venture 1,782,455 0 0
Note receivable issued in connection with sale of property 0 9,603 0
Acquisition of property in exchange for settlement of notes receivable 0 14,120 0
Acquisition of property in exchange for investment in unconsolidated joint venture 76,250 15,767 0
Contingent consideration in acquisition of property 0 10,012 0
Assumption of mortgage notes payable and other liabilities from unconsolidated joint ventures 50,000 0 54,271
Application of deposit to acquire property $ 0 $ 0 $ 30,000