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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income $ 103,861 $ 500,809
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 (49,088) (445,371)
Depreciation and amortization 169,216 175,090
Amortization of net premium on mortgage notes payable (1,860) (2,063)
Amortization of share and unit-based plans 19,652 22,008
Straight-line rent adjustment (4,544) (2,503)
Amortization of above and below-market leases (1,082) (4,178)
Provision for doubtful accounts 3,358 2,291
Income tax (benefit) expense (3,047) 1,831
Equity in income of unconsolidated joint ventures (32,779) (26,276)
Distributions of income from unconsolidated joint ventures 0 4,483
Co-venture expense 8,000 6,501
Changes in assets and liabilities, net of acquisitions and dispositions:    
Tenant and other receivables 5,401 4,061
Other assets 2,346 (15,930)
Due from affiliates (13,365) 4,330
Accounts payable and accrued expenses (2,002) (15,403)
Other accrued liabilities (13,840) 6,454
Net cash provided by operating activities 190,227 219,709
Cash flows from investing activities:    
Development, redevelopment, expansion and renovation of properties (60,603) (107,565)
Property improvements (16,750) (14,267)
Proceeds from repayment of notes receivable 619 3,161
Deferred leasing costs (19,553) (14,698)
Distributions from unconsolidated joint ventures 170,734 308,952
Contributions to unconsolidated joint ventures (51,303) (382,910)
Proceeds from sale of assets 167,631 695,724
Restricted cash (353) (3,613)
Net cash provided by investing activities 190,422 484,784
Cash flows from financing activities:    
Proceeds from mortgages, bank and other notes payable 300,000 2,596,138
Payments on mortgages, bank and other notes payable (279,419) (1,929,969)
Deferred financing costs (32) (1,979)
Proceeds from share and unit-based plans 986 834
Payment of debt extinguishment costs 0 (12,028)
Stock repurchases (181,740) (800,018)
Redemption of noncontrolling interests (85) (30)
Dividends and distributions (219,946) (561,611)
Distributions to co-venture partner (7,326) (9,202)
Net cash used in financing activities (387,562) (717,865)
Net decrease in cash and cash equivalents (6,913) (13,372)
Cash and cash equivalents, beginning of period 94,046 86,510
Cash and cash equivalents, end of period 87,133 73,138
Supplemental cash flow information:    
Cash payments for interest, net of amounts capitalized 82,864 72,224
Non-cash investing and financing transactions:    
Accrued development costs included in accounts payable and accrued expenses and other accrued liabilities 31,500 24,177
Mortgage notes payable assumed in exchange for investments in unconsolidated joint ventures 0 997,695
Conversion of Operating Partnership Units to common stock $ 11,796 $ 3,119