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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net income $ 74,809 $ 451,375
Adjustments to reconcile net income to net cash provided by operating activities:    
Loss on early extinguishment of debt, net 0 3,575
Gain on sale or write down of assets, net (49,565) (434,456)
Depreciation and amortization 84,551 88,176
Amortization of net premium on mortgage notes payable (926) (1,050)
Amortization of share and unit-based plans 13,805 16,440
Straight-line rent adjustment (1,884) (910)
Amortization of above and below-market leases 193 (1,643)
Provision for doubtful accounts 1,318 919
Income tax (benefit) expense (3,484) 1,317
Equity in income of unconsolidated joint ventures (15,843) (11,660)
Distributions of income from unconsolidated joint ventures 0 2,035
Co-venture expense 3,877 3,289
Changes in assets and liabilities, net of acquisitions and dispositions:    
Tenant and other receivables 8,757 4,686
Other assets 12,618 (9,743)
Due from affiliates (12,015) 11,123
Accounts payable and accrued expenses 4,285 (6,166)
Other accrued liabilities (17,792) 2,562
Net cash provided by operating activities 102,704 119,869
Cash flows from investing activities:    
Development, redevelopment, expansion and renovation of properties (33,013) (60,895)
Property improvements (4,350) (5,311)
Proceeds from repayment of notes receivable 212 932
Deferred leasing costs (11,267) (7,359)
Distributions from unconsolidated joint ventures 114,528 181,900
Contributions to unconsolidated joint ventures (26,593) (350,668)
Proceeds from sale of assets 167,649 600,665
Restricted cash (63) (849)
Net cash provided by investing activities 207,103 358,415
Cash flows from financing activities:    
Proceeds from mortgages, bank and other notes payable 200,000 2,126,138
Payments on mortgages, bank and other notes payable (263,927) (1,713,094)
Deferred financing costs (142) (1,927)
Payment of debt extinguishment costs 0 (12,028)
Stock repurchases (132,550) (400,018)
Redemption of noncontrolling interests (15) (30)
Dividends and distributions (110,621) (452,225)
Distributions to co-venture partner (4,302) (5,105)
Net cash used in financing activities (311,557) (458,289)
Net (decrease) increase in cash and cash equivalents (1,750) 19,995
Cash and cash equivalents, beginning of period 94,046 86,510
Cash and cash equivalents, end of period 92,296 106,505
Supplemental cash flow information:    
Cash payments for interest, net of amounts capitalized 40,462 32,073
Non-cash investing and financing transactions:    
Accrued development costs included in accounts payable and accrued expenses and other accrued liabilities 24,712 22,887
Accrued stock repurchase costs 8,552 0
Mortgage notes payable assumed in exchange for investments in unconsolidated joint ventures 0 997,695
Conversion of Operating Partnership Units to common stock $ 638 $ 3,108