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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net income $ 554,839 $ 522,912 $ 1,606,931
Adjustments to reconcile net income to net cash provided by operating activities:      
(Gain) loss on early extinguishment of debt, net (13,737) (16,066) 526
Gain on sale or write down of assets, net (415,348) (378,248) (73,440)
Gain on remeasurement of assets 0 (22,089) (1,423,136)
Depreciation and amortization 355,358 471,320 387,785
Amortization of net premium on mortgage notes payable (4,048) (20,232) (8,906)
Amortization of share and unit-based plans 33,288 28,367 29,463
Straight-line rent adjustment (5,237) (7,192) (5,825)
Amortization of above and below-market leases (12,815) (16,510) (9,083)
Provision for doubtful accounts 3,586 4,698 3,962
Income tax expense (benefit) 722 (3,223) (4,269)
Equity in income of unconsolidated joint ventures (56,941) (45,164) (60,626)
Co-venture expense 13,382 11,804 9,490
Distributions of income from unconsolidated joint ventures 7,248 4,541 2,412
Changes in assets and liabilities, net of acquisitions and dispositions:      
Tenant and other receivables (7,585) 1,908 (12,356)
Other assets (20,033) 13,892 (15,594)
Due from affiliates 15,983 (7,025) (1,770)
Accounts payable and accrued expenses (8,929) (4,014) (123)
Other accrued liabilities (22,227) 698 (24,735)
Net cash provided by operating activities 417,506 540,377 400,706
Cash flows from investing activities:      
Acquisition of properties 0 (26,250) (15,233)
Development, redevelopment, expansion and renovation of properties (211,616) (272,334) (185,412)
Property improvements (47,863) (53,335) (66,718)
Cash acquired from acquisitions 0 0 28,890
Proceeds from note receivable 3,677 1,833 4,825
Issuance of notes receivable 0 0 (65,130)
Deposit on acquisition of property 0 (12,500) 0
Deferred leasing costs (28,074) (33,902) (28,019)
Distributions from unconsolidated joint ventures 444,095 105,640 78,222
Contributions to unconsolidated joint ventures (430,428) (426,186) (336,621)
Collections of loans to unconsolidated joint ventures, net 0 0 2,756
Proceeds from sale of assets 724,275 646,898 320,123
Restricted cash (10,953) (30,888) 6,526
Net cash provided by (used in) investing activities 443,113 (101,024) (255,791)
Cash flows from financing activities:      
Proceeds from mortgages, bank and other notes payable 3,201,138 4,080,671 1,204,946
Payments on mortgages, bank and other notes payable (2,437,891) (3,284,213) (853,080)
Deferred financing costs (10,584) (11,805) (1,267)
Payment of finance deposits, net of refunds received 0 (11,138) 0
Proceeds from share and unit-based plans 1,697 1,512 1,231
Payment of stock issuance costs 0 0 (5,503)
Stock repurchases (800,018) (400,144) 0
Redemption of noncontrolling interests (30) (456) (236)
Contributions from noncontrolling interests 90 23 0
Purchase of noncontrolling interest 0 (1,593) (55,867)
Settlement of contingent consideration (10,012) 0 (18,667)
Dividends and distributions (779,308) (787,109) (385,725)
Distributions to co-venture partner (18,165) (23,498) (15,555)
Net cash used in financing activities (853,083) (437,750) (129,723)
Net increase in cash and cash equivalents 7,536 1,603 15,192
Cash and cash equivalents, beginning of year 86,510 84,907 69,715
Cash and cash equivalents, end of year 94,046 86,510 84,907
Supplemental cash flow information:      
Cash payments for interest, net of amounts capitalized 153,838 231,106 186,877
Non-cash investing and financing activities:      
Accrued development costs included in accounts payable and accrued expenses and other accrued liabilities 49,484 52,983 83,108
Acquisition of property by issuance of common stock 0 0 1,166,777
Conversion of Operating Partnership Units to common stock 12,448 1,559 2,410
Accrued dividend 0 337,703 0
Acquisition of properties by assumption of mortgage note payable and other accrued liabilities 0 0 1,414,659
Mortgage notes payable settled in deed-in-lieu of foreclosure 37,000 34,149 0
Mortgage notes payable assumed by buyers in sales of properties 0 0 31,725
Mortgage notes payable assumed by buyer in exchange for investment in unconsolidated joint venture 997,695 1,782,455 0
Note receivable issued in connection with sale of property 0 0 9,603
Acquisition of property in exchange for settlement of notes receivable 0 0 14,120
Acquisition of property in exchange for investment in unconsolidated joint venture 0 76,250 15,767
Contingent consideration in acquisition of property 0 0 10,012
Assumption of mortgage notes payable and other liabilities from unconsolidated joint ventures $ 0 $ 50,000 $ 0