XML 45 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Operating Activities    
Net income $ 14,612 $ 6,702
Adjustments to reconcile net income to net cash provided by operating activities:    
(Income) loss, including depreciation, from unconsolidated real estate funds (1,189) 984
Depreciation and amortization 46,024 45,797
Net accretion of acquired lease intangibles (4,054) (4,877)
Amortization of deferred loan costs 1,146 1,155
Amortization of loan premium 0 (1,060)
Non-cash market value adjustments on interest rate contracts 24 4,412
Non-cash amortization of stock-based compensation 1,562 1,449
Operating distributions from unconsolidated real estate funds 177 206
Change in working capital components:    
Tenant receivables (7) 227
Deferred rent receivables (1,960) (2,058)
Accounts payable and accrued expenses 14,042 5,158
Security deposits 286 246
Other 1,232 1,794
Net cash provided by operating activities 71,895 60,135
Investing Activities    
Capital expenditures (19,542) (17,659)
Deposits for property acquisitions (5,000) 0
Contributions to unconsolidated real estate funds (6) (2,614)
Acquisitions of additional interests in unconsolidated real estate funds (7,988) (33,448)
Capital distributions from unconsolidated real estate funds 1,142 1,252
Net cash used in investing activities (31,394) (52,469)
Financing Activities    
Proceeds from long-term borrowings 0 155,000
Deferred loan costs (152) (714)
Refund of refundable loan deposit 0 1,575
Repayment of borrowings (90,000) (521,956)
Distributions to noncontrolling interests (5,493) (4,228)
Distributions of capital to noncontrolling interests 0 (10)
Cash dividends (25,424) (17,039)
Issuance of common stock, net 0 128,257
Net cash used in financing activities (121,069) (259,115)
Decrease in cash and cash equivalents (80,568) (251,449)
Cash and cash equivalents at beginning of period 373,203 406,977
Cash and cash equivalents at end of period $ 292,635 $ 155,528