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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net income $ 34,232 $ 2,096
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 24,865 23,477
Amortization of above and below-market leases, net (1,537) (1,641)
Amortization of debt premiums, discounts and financing costs 273 380
Straight-line rental income (1,113) (342)
Provision for asset impairment 797 16,440
Gain on sale of investment properties, net (20,305) (1,021)
Gain on extinguishment of debt (10,751) 0
Equity in losses (earnings) of unconsolidated entities 2,041 (572)
Distributions from unconsolidated entities 2,503 351
Realized and unrealized investment loss (income), net 13 (14,530)
Non-cash share based compensation 868 995
Changes in assets and liabilities:    
Accounts and rents receivable 2,706 5,828
Deferred costs and other assets 2,441 (4,650)
Accounts payable and accrued expenses (10,228) (12,096)
Other liabilities 512 11,776
Net cash provided by operating activities 27,317 26,491
Cash flows from investing activities:    
Purchase of investment properties 0 (215,435)
Acquired in-place and market lease intangibles, net 0 (17,651)
Capital expenditures and tenant improvements (3,171) (2,774)
Investment in development projects (1,022) 0
Proceeds from sale and transfer of investment properties, net 119,825 28,474
Proceeds from sale of marketable securities, net 8 57,927
Contributions to unconsolidated entities (20) (1,819)
Distributions from unconsolidated entities 282 331
Lease commissions and other leasing costs (1,402) (1,153)
Other assets (120) (224)
Other liabilities (108) (651)
Net cash provided by (used in) investing activities 114,272 (152,975)
Cash flows from financing activities:    
Distributions (13,441) (13,041)
Refund received of excess funds associated with 2016 tender offer 0 1,700
Principal payments of mortgage debt (461) (317)
Payment of loan fees and deposits 0 (288)
Net cash used in financing activities (13,902) (11,946)
Net increase (decrease) in cash, cash equivalents, and restricted cash 127,687 (138,430)
Cash, cash equivalents, and restricted cash at beginning of period 171,878 422,225
Cash, cash equivalents, and restricted cash at end of period 299,565 283,795
Reconciliation to condensed consolidated balance sheets    
Cash and cash equivalents 292,563 243,243
Restricted cash 7,002 40,552
Cash, cash equivalents, and restricted cash at end of period 299,565 283,795
Supplemental disclosure of cash flow information    
Cash paid for interest 6,445 7,896
Cash refund for income taxes, net of payments of $8 and $50 683 349
Supplemental schedule of non-cash investing and financing activities    
Distributions payable 13,860 13,436
Recognition of partially deferred gains on property sales 12,756  
Accrued capital expenditures and tenant improvements 1,369  
Accrued investment in development projects 478 0
Accrued lease commissions and other leasing costs 136 485
Supplemental schedule of purchase of investment properties    
Net investment properties 0 257,674
Accounts receivable, acquired lease intangibles, and deferred costs and other assets 0 26,089
Accounts payable, acquired lease intangibles, and other liabilities 0 (8,960)
Assumption of mortgage debt upon acquisition of investment property 0 (41,717)
Cash outflow for purchase of investment properties 0 233,086
Assumption of mortgage principal 0 41,000
Capitalized acquisition costs 0 (1,168)
Construction escrow accounts 0 16,500
Credits and other changes in cash outflow, net 0 482
Gross acquisition price of investment properties 0 289,900
Supplemental schedule of sale and transfer of investment properties    
Net investment properties 129,094 27,136
Accounts receivable, acquired lease intangibles, and deferred costs and other assets 5,375 423
Debt extinguished through transfer of property (38,273) 0
Accounts payable, acquired lease intangibles, and other liabilities (7,427)  
Gain on sale of investment properties, net 20,305 1,021
Gain on extinguishment of debt (10,751) 0
Proceeds from sale and transfer of investment properties, net 119,825 28,474
Surrender of mortgage escrow for transferred property 1,813 0
Credits and other changes in cash inflow, net 5,862 576
Gross disposition price of investment properties $ 127,500 $ 29,050