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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash Flows from Operating Activities    
Net income (loss) $ (344,860) $ (411,765)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Paid-in-kind interest added to loan principal (544) (2,777)
Straight-line rent income (3,798) (9,579)
Amortization of above- and below-market lease values, net 864 (141)
Amortization of deferred financing costs and debt discount and premium, net 17,719 99,448
Carried interest (allocation) reversal (24,498) (79,700)
Principal investment (income) loss (33,971) (22,898)
Other equity method (earnings) losses 13,303 (50,421)
Distributions of income from equity method investments 3,677 0
Impairment of real estate and related intangibles and right-of-use ("ROU") asset 0 35,985
Depreciation and amortization 291,136 286,258
Equity-based compensation 42,577 28,064
Deferred income tax (benefit) expense 2,469 (15,645)
Loss on extinguishment of debt 0 133,173
Other gain (loss), net 152,625 62,524
Other adjustments, net 506 (763)
(Increase) decrease in other assets and due from affiliates 23,075 12,511
Increase (decrease) in accrued and other liabilities and due to affiliates (48,075) 9,793
Net cash provided by (used in) operating activities 92,205 74,067
Cash Flows from Investing Activities    
Contributions to and acquisition of equity investments (405,703) (298,526)
Return of capital from equity method investments 55,643 25,652
Proceeds from sale of equity investments 595,209 239,563
Acquisition of loans receivable and debt securities 0 (156,949)
Proceeds from paydown and maturity of debt securities 0 566
Net disbursements on originated loans 0 (215,918)
Repayments of loans receivable 6,804 19,205
Proceeds from sales of loans receivable and debt securities 0 126,644
Acquisition of and additions to real estate, related intangibles and leasing commissions (510,973) (1,787,317)
Cash transferred to buyer in sale of real estate, net of proceeds received 0 (92,793)
Investment deposits (1,669) 235
Net receipt (payment) on settlement of derivatives 3,401  
Net receipt (payment) on settlement of derivatives   (11,893)
Acquisition of InfraBridge, net of cash acquired (Note 3) (314,266) 0
Other investing activities, net 0 (875)
Net cash provided by (used in) investing activities (571,554) (2,152,406)
Cash Flows from Financing Activities    
Dividends paid to preferred stockholders (29,441) (31,518)
Dividends paid to common stockholders (3,214) 0
Borrowings on corporate debt 0 270,000
Repayments of corporate debt, including repurchase of senior notes (200,000) (214,237)
Borrowings from investment-level debt 1,617,790 690,082
Repayments of investment-level debt (1,158,667) (5,452)
Payment of deferred financing costs and prepayment penalties on investment level debt (38,012) (18,586)
Contributions from noncontrolling interests 68,224 568,946
Distributions to and redemptions of noncontrolling interests (127,599) (450,337)
Payment of contingent consideration to Wafra (Note 10) (90,000) 0
Redemptions/repurchases of preferred stock (4,758) 0
Shares canceled for tax withholdings on vested equity awards (10,217) (16,477)
Acquisition of noncontrolling interest 0 (32,076)
Net cash provided by (used in) financing activities 24,106 760,345
Effect of exchange rates on cash, cash equivalents and restricted cash 74 (2,415)
Net increase (decrease) in cash, cash equivalents and restricted cash (455,169) (1,320,409)
Cash, cash equivalents and restricted cash—beginning of period 1,036,739 1,766,245
Cash, cash equivalents and restricted cash—end of period 581,570 445,836
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Roll Forward]    
Cash and cash equivalents, beginning balance 918,254 1,602,102
Restricted cash, beginning balance 118,485 99,121
Restricted cash included in assets held for disposition, beginning balance 0 65,022
Cash and cash equivalents, ending balance 426,883 337,150
Restricted cash, ending balance 154,687 108,686
Total cash, cash equivalents, and restricted cash $ 581,570 $ 445,836