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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net income $ 451,375 $ 26,667
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on early extinguishment of debt, net (8,453) (2,245)
Gain on sale or write down of assets, net (434,456) (935)
Gain on remeasurement of assets 0 (22,103)
Depreciation and amortization 88,176 122,418
Amortization of net premium on mortgage notes payable (1,050) (6,903)
Amortization of share and unit-based plans 16,440 14,468
Straight-line rent adjustment (910) (386)
Amortization of above and below-market leases (1,643) (4,666)
Provision for doubtful accounts 919 1,330
Income tax expense (benefit) 1,317 (935)
Equity in income of unconsolidated joint ventures (11,660) (8,274)
Distributions of income from unconsolidated joint ventures 2,035 0
Co-venture expense 3,289 2,130
Changes in assets and liabilities, net of acquisitions and dispositions:    
Tenant and other receivables 4,686 17,836
Other assets (9,743) 4,310
Due from affiliates 11,123 650
Accounts payable and accrued expenses (6,166) 18,318
Other accrued liabilities 2,562 450
Net cash provided by operating activities 107,841 162,130
Cash flows from investing activities:    
Acquisitions of property 0 (26,250)
Development, redevelopment, expansion and renovation of properties (60,895) (90,157)
Property improvements (5,311) (3,855)
Proceeds from notes receivable 932 452
Deferred leasing costs (7,359) (9,768)
Distributions from unconsolidated joint ventures 181,900 13,096
Contributions to unconsolidated joint ventures (350,668) (33,284)
Proceeds from sale of assets 600,665 1,440
Restricted cash (849) (1,694)
Net cash provided by (used in) investing activities 358,415 (150,020)
Cash flows from financing activities:    
Proceeds from mortgages, bank and other notes payable 2,126,138 815,671
Payments on mortgages, bank and other notes payable (1,713,094) (674,569)
Deferred financing costs (1,927) (3,476)
Payment of stock issuance costs 0 (304)
Stock repurchases (400,018) 0
Redemption of noncontrolling interests (30) 0
Dividends and distributions (452,225) (111,462)
Distributions to co-venture partner (5,105) (4,716)
Net cash (used in) provided by financing activities (446,261) 21,144
Net increase in cash and cash equivalents 19,995 33,254
Cash and cash equivalents, beginning of period 86,510 84,907
Cash and cash equivalents, end of period 106,505 118,161
Supplemental cash flow information:    
Cash payments for interest, net of amounts capitalized 32,073 60,102
Non-cash investing and financing transactions:    
Accrued development costs included in accounts payable and accrued expenses and other accrued liabilities 22,887 31,823
Mortgage notes payable assumed in exchange for investments in unconsolidated joint ventures 997,695 0
Assumption of mortgage note payable from unconsolidated joint venture 0 50,000
Acquisition of property in exchange for investment in unconsolidated joint venture 0 76,250
Conversion of Operating Partnership Units to common stock $ 3,108 $ 1,553