XML 18 R8.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net (loss) income $ (25,515) $ 103,861
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Loss (gain) on sale or write down of assets, net 47,030 (49,088)
Depreciation and amortization 162,418 169,216
Amortization of premium on mortgage notes payable (463) (1,860)
Amortization of share and unit-based plans 19,090 19,652
Straight-line rent adjustment (5,419) (4,544)
Amortization of above and below-market leases (1,782) (1,082)
Provision for doubtful accounts 2,599 3,358
Income tax benefit (2,265) (3,047)
Equity in income of unconsolidated joint ventures (32,541) (32,779)
Distributions of income from unconsolidated joint ventures 669 0
Change in fair value of financing arrangement obligation (4,386) 0
Co-venture expense 0 8,000
Changes in assets and liabilities, net of dispositions:    
Tenant and other receivables 13,876 5,401
Other assets (2,676) 2,346
Due from affiliates (1,113) (13,365)
Accounts payable and accrued expenses 4,245 (2,002)
Other accrued liabilities (8,917) (13,840)
Net cash provided by operating activities 164,850 190,227
Cash flows from investing activities:    
Development, redevelopment, expansion and renovation of properties (98,852) (60,603)
Property improvements (17,421) (16,750)
Proceeds from repayment of notes receivable 618 619
Deferred leasing costs (18,323) (19,553)
Distributions from unconsolidated joint ventures 448,067 170,734
Contributions to unconsolidated joint ventures (75,017) (51,303)
Proceeds from sale of assets 27,063 167,631
Net cash provided by investing activities 266,135 190,775
Cash flows from financing activities:    
Proceeds from mortgages, bank and other notes payable 195,000 300,000
Payments on mortgages, bank and other notes payable (400,338) (279,419)
Deferred financing costs (178) (32)
Proceeds from share and unit-based plans 806 986
Stock repurchases 0 (181,740)
Redemption of noncontrolling interests (123) (85)
Dividends and distributions (226,745) (219,946)
Distributions to co-venture partner 0 (7,326)
Net cash used in financing activities (431,578) (387,562)
Net decrease in cash, cash equivalents and restricted cash (593) (6,560)
Cash, cash equivalents and restricted cash, beginning of period 143,105 143,997
Cash, cash equivalents and restricted cash, end of period 142,512 137,437
Supplemental cash flow information:    
Cash payments for interest, net of amounts capitalized 93,032 82,864
Non-cash investing and financing transactions:    
Accrued development costs included in accounts payable and accrued expenses and other accrued liabilities 36,841 31,500
Conversion of Operating Partnership Units to common stock $ 75 $ 11,796