XML 17 R8.htm IDEA: XBRL DOCUMENT v3.23.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net loss $ (58,194) $ (37,354)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Gain on sale or write down of assets, net (3,779) (6,453)
Depreciation and amortization 75,035 75,673
Amortization of share and unit-based plans 4,895 4,869
Straight-line rent and amortization of above and below market leases 823 1,589
(Recovery of) provision for doubtful accounts (1,023) 567
Income tax (benefit) expense (1,882) 1,799
Equity in loss of unconsolidated joint ventures 61,810 29,097
Distributions of income from unconsolidated joint ventures 280 0
Change in fair value of financing arrangement obligation (11,885) 2,543
Changes in assets and liabilities, net of dispositions:    
Tenant and other receivables 22,051 28,098
Other assets 8,645 210
Due from affiliates (4,592) (4,504)
Accounts payable and accrued expenses 1,938 790
Other accrued liabilities (13,392) (31,480)
Net cash provided by operating activities 80,730 65,444
Cash flows from investing activities:    
Development, redevelopment, expansion and renovation of properties (19,992) (13,377)
Property improvements (14,872) (7,022)
Deferred leasing costs (1,217) (372)
Distributions from unconsolidated joint ventures 162,166 40,062
Contributions to unconsolidated joint ventures (12,938) (19,422)
Proceeds from collection of receivable in connection with sale of joint venture property 0 21,000
Proceeds from sale of assets 5,018 26,085
Net cash provided by investing activities 118,165 46,954
Cash flows from financing activities:    
Proceeds from mortgages, bank and other notes payable 50,000 0
Payments on mortgages, bank and other notes payable (168,664) (53,237)
Deferred financing costs (13,251) 0
Payments on finance leases (593) (571)
Costs from stock offerings (21) (70)
Dividends and distributions (41,812) (41,314)
Net cash used in financing activities (174,341) (95,192)
Net increase in cash, cash equivalents and restricted cash 24,554 17,206
Cash, cash equivalents and restricted cash, beginning of period 181,139 166,971
Cash, cash equivalents and restricted cash, end of period 205,693 184,177
Supplemental cash flow information:    
Cash payments for interest, net of amounts capitalized 48,376 46,463
Non-cash investing and financing transactions:    
Accrued development costs included in accounts payable and accrued expenses and other accrued liabilities 34,526 18,881
Lease liabilities recorded in connection with right-of-use assets $ 0 $ 24,929