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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net income $ 500,809 $ 42,413
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on early extinguishment of debt, net (8,453) (636)
(Gain) loss on sale or write down of assets, net (445,371) 3,736
Gain on remeasurement of assets 0 (22,089)
Depreciation and amortization 175,090 243,526
Amortization of net premium on mortgage notes payable (2,063) (12,382)
Amortization of share and unit-based plans 22,008 19,207
Straight-line rent adjustment (2,503) (1,663)
Amortization of above and below-market leases (4,178) (9,784)
Provision for doubtful accounts 2,291 3,156
Income tax expense (benefit) 1,831 (1,218)
Equity in income of unconsolidated joint ventures (26,276) (17,368)
Distributions of income from unconsolidated joint ventures 4,483 0
Co-venture expense 6,501 4,943
Changes in assets and liabilities, net of acquisitions and dispositions:    
Tenant and other receivables 4,061 10,991
Other assets (15,930) (4,334)
Due from affiliates 4,330 2,225
Accounts payable and accrued expenses (15,403) 7,756
Other accrued liabilities 6,454 4,400
Net cash provided by operating activities 207,681 272,879
Cash flows from investing activities:    
Acquisitions of property 0 (26,250)
Development, redevelopment, expansion and renovation of properties (107,565) (132,212)
Property improvements (14,267) (16,851)
Proceeds from notes receivable 3,161 909
Deferred leasing costs (14,698) (18,128)
Distributions from unconsolidated joint ventures 308,952 46,326
Contributions to unconsolidated joint ventures (382,910) (312,367)
Proceeds from sale of assets 695,724 1,440
Restricted cash (3,613) (987)
Net cash provided by (used in) investing activities 484,784 (458,120)
Cash flows from financing activities:    
Proceeds from mortgages, bank and other notes payable 2,596,138 1,565,674
Payments on mortgages, bank and other notes payable (1,929,969) (1,120,090)
Deferred financing costs (1,979) (5,060)
Proceeds from share and unit-based plans 834 745
Stock repurchases (800,018) 0
Redemption of noncontrolling interests (30) (189)
Contribution from noncontrolling interests 0 23
Dividends and distributions (561,611) (221,911)
Distributions to co-venture partner (9,202) (8,532)
Net cash (used in) provided by financing activities (705,837) 210,660
Net (decrease) increase in cash and cash equivalents (13,372) 25,419
Cash and cash equivalents, beginning of period 86,510 84,907
Cash and cash equivalents, end of period 73,138 110,326
Supplemental cash flow information:    
Cash payments for interest, net of amounts capitalized 72,224 119,291
Non-cash investing and financing transactions:    
Accrued development costs included in accounts payable and accrued expenses and other accrued liabilities 24,177 43,085
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
Mortgage note payable settled by deed-in-lieu of foreclosure 0 34,149
Acquisition of property in exchange for investment in unconsolidated joint venture 0 76,250
Conversion of Operating Partnership Units to common stock $ 3,119 $ 1,559