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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net income $ 68,972 $ 161,673 $ 554,839
Adjustments to reconcile net income to net cash provided by operating activities:      
Gain on extinguishment of debt, net 0 0 (1,709)
Loss (gain) on sale or write down of assets, net 31,825 (42,446) (415,348)
Depreciation and amortization 334,682 341,275 355,358
Amortization of net premium on mortgage notes payable (929) (3,277) (4,048)
Amortization of share and unit-based plans 27,367 30,799 33,288
Straight-line rent adjustment (11,755) (8,597) (5,237)
Amortization of above and below-market leases (1,946) (964) (12,815)
Provision for doubtful accounts 4,663 4,314 3,586
Income tax (benefit) expense (3,604) 15,594 722
Equity in income of unconsolidated joint ventures (71,773) (85,546) (56,941)
Change in fair value of financing arrangement obligation (15,225) 0 0
Co-venture expense 0 13,629 13,382
Distributions of income from unconsolidated joint ventures 1,959 463 7,248
Changes in assets and liabilities, net of acquisitions and dispositions:      
Tenant and other receivables (13,912) (6,508) (7,585)
Other assets 8,439 (4,414) (20,033)
Due from affiliates (3,019) (13,982) 15,983
Accounts payable and accrued expenses (2,159) (5,822) (8,929)
Other accrued liabilities (9,274) (9,802) (22,227)
Net cash provided by operating activities 344,311 386,389 429,534
Cash flows from investing activities:      
Development, redevelopment, expansion and renovation of properties (181,089) (160,343) (211,616)
Property improvements (56,142) (41,807) (47,863)
Proceeds from repayment of notes receivable 1,043 7,073 3,677
Deferred leasing costs (28,769) (31,655) (28,074)
Distributions from unconsolidated joint ventures 536,643 267,964 444,095
Contributions to unconsolidated joint ventures (181,239) (117,538) (430,428)
Proceeds from sale of assets 85,876 255,294 724,275
Net cash provided by investing activities 176,323 178,988 454,066
Cash flows from financing activities:      
Proceeds from mortgages, bank and other notes payable 415,000 1,430,000 3,201,138
Payments on mortgages, bank and other notes payable (469,814) (1,219,728) (2,437,891)
Deferred financing costs (275) (8,500) (10,584)
Payment of finance deposits, net of refunds received (6,542) 0 0
Payment of debt extinguishment costs 0 0 (14,419)
Proceeds from share and unit-based plans 1,570 1,868 1,697
Stock repurchases 0 (221,428) (800,018)
Redemption of noncontrolling interests (759) (920) (30)
Contributions from noncontrolling interests 16 30 90
Settlement of contingent consideration 0 0 (10,012)
Dividends and distributions (453,634) (443,839) (779,308)
Distributions to co-venture partner 0 (103,752) (18,165)
Net cash used in financing activities (514,438) (566,269) (867,502)
Net increase (decrease) in cash, cash equivalents and restricted cash 6,196 (892) 16,098
Cash, cash equivalents and restricted cash at beginning of year 143,105 143,997 127,899
Cash, cash equivalents, and restricted cash at end of year 149,301 143,105 143,997
Supplemental cash flow information:      
Cash payments for interest, net of amounts capitalized 192,254 168,493 153,838
Non-cash investing and financing activities:      
Accrued development costs included in accounts payable and accrued expenses and other accrued liabilities 50,006 43,726 49,484
Conversion of Operating Partnership Units to common stock 75 16,797 12,448
Mortgage notes payable settled by deed-in-lieu of foreclosure 0 0 37,000
Mortgage notes payable assumed by buyer in exchange for investment in unconsolidated joint venture 139,249 0 $ 997,695
Disposition of property in exchange for investments in unconsolidated joint ventures $ 25,177 $ 0