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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Cash flows from operating activities:      
Net income (loss) $ 15,765us-gaap_ProfitLoss $ (111,233)us-gaap_ProfitLoss $ (241,430)us-gaap_ProfitLoss
Adjustments to reconcile net income (loss) to cash flows from operating activities:      
Provision for (recovery of) loan losses (1,714)us-gaap_ProvisionForLoanLossesExpensed [1] 5,489us-gaap_ProvisionForLoanLossesExpensed [1] 81,740us-gaap_ProvisionForLoanLossesExpensed [1]
Impairment of assets 34,634star_AssetImpairmentChargesCashFlowImpact 14,507star_AssetImpairmentChargesCashFlowImpact 38,077star_AssetImpairmentChargesCashFlowImpact
Loss on transfer of interest to unconsolidated subsidiary 0star_GainLossonTransfertoUnconsolidatedSubsidiary 7,373star_GainLossonTransfertoUnconsolidatedSubsidiary 0star_GainLossonTransfertoUnconsolidatedSubsidiary
Depreciation and amortization 73,571us-gaap_DepreciationDepletionAndAmortization 71,530us-gaap_DepreciationDepletionAndAmortization 70,786us-gaap_DepreciationDepletionAndAmortization
Payments for withholding taxes upon vesting of stock-based compensation (21,250)star_StockBasedCompensationSharesWithheldForEmployeeTaxesUponVesting (14,098)star_StockBasedCompensationSharesWithheldForEmployeeTaxesUponVesting (12,589)star_StockBasedCompensationSharesWithheldForEmployeeTaxesUponVesting
Non-cash expense for stock-based compensation 13,314us-gaap_ShareBasedCompensation 19,261us-gaap_ShareBasedCompensation 15,293us-gaap_ShareBasedCompensation
Amortization of discounts/premiums and deferred financing costs on debt 16,891us-gaap_AmortizationOfFinancingCostsAndDiscounts 20,915us-gaap_AmortizationOfFinancingCostsAndDiscounts 31,981us-gaap_AmortizationOfFinancingCostsAndDiscounts
Amortization of discounts/premiums and deferred interest on loans (59,747)star_AmortizationOfDiscountsOrPremiumsDeferredInterestAndCostsOnLendingInvestments (37,383)star_AmortizationOfDiscountsOrPremiumsDeferredInterestAndCostsOnLendingInvestments (40,912)star_AmortizationOfDiscountsOrPremiumsDeferredInterestAndCostsOnLendingInvestments
(Gain) loss from sales of loans (19,067)us-gaap_GainLossOnSalesOfLoansNet 596us-gaap_GainLossOnSalesOfLoansNet (6,367)us-gaap_GainLossOnSalesOfLoansNet
Earnings from equity method investments (94,905)us-gaap_IncomeLossFromEquityMethodInvestments (41,520)us-gaap_IncomeLossFromEquityMethodInvestments (103,009)us-gaap_IncomeLossFromEquityMethodInvestments
Distributions from operations of equity method investments 80,116us-gaap_EquityMethodInvestmentDividendsOrDistributions 17,252us-gaap_EquityMethodInvestmentDividendsOrDistributions 105,586us-gaap_EquityMethodInvestmentDividendsOrDistributions
Deferred operating lease income (8,492)us-gaap_StraightLineRent (12,077)us-gaap_StraightLineRent (11,812)us-gaap_StraightLineRent
Income from sales of real estate (92,294)star_GainLossonSaleofPropertiesCashFlowImpact (86,658)star_GainLossonSaleofPropertiesCashFlowImpact (63,472)star_GainLossonSaleofPropertiesCashFlowImpact
Gain from discontinued operations 0us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax (22,233)us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax (27,257)us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
Loss on early extinguishment of debt, net 25,369star_GainsLossesOnExtinguishmentOfDebtCashFlowImpact 19,655star_GainsLossesOnExtinguishmentOfDebtCashFlowImpact 22,405star_GainsLossesOnExtinguishmentOfDebtCashFlowImpact
Repayments and repurchases of debt—debt discount and prepayment penalty (14,888)star_RepaymentsAndRepurchasesOfDebtDiscount (24,001)star_RepaymentsAndRepurchasesOfDebtDiscount (74,712)star_RepaymentsAndRepurchasesOfDebtDiscount
Other operating activities, net 31,935us-gaap_OtherOperatingActivitiesCashFlowStatement 6,917us-gaap_OtherOperatingActivitiesCashFlowStatement 9,427us-gaap_OtherOperatingActivitiesCashFlowStatement
Changes in assets and liabilities:      
Changes in accrued interest and operating lease income receivable, net (1,426)star_IncreaseDecreaseInAccruedInterestAndOperatingLeaseAndIncomeReceivable 2,310star_IncreaseDecreaseInAccruedInterestAndOperatingLeaseAndIncomeReceivable 1,337star_IncreaseDecreaseInAccruedInterestAndOperatingLeaseAndIncomeReceivable
Changes in deferred expenses and other assets, net 4,601us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (23,012)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 1,271us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Changes in accounts payable, accrued expenses and other liabilities 7,245us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 5,945us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 11,725us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Cash flows from operating activities (10,342)us-gaap_NetCashProvidedByUsedInOperatingActivities (180,465)us-gaap_NetCashProvidedByUsedInOperatingActivities (191,932)us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities:      
Investment originations and fundings (622,428)us-gaap_PaymentsToAcquireNotesReceivable (257,600)us-gaap_PaymentsToAcquireNotesReceivable (47,603)us-gaap_PaymentsToAcquireNotesReceivable
Capital expenditures on real estate assets (142,787)us-gaap_PaymentsForCapitalImprovements (109,403)us-gaap_PaymentsForCapitalImprovements (83,070)us-gaap_PaymentsForCapitalImprovements
Acquisitions of real estate assets (4,666)us-gaap_PaymentsToAcquireRealEstate [2] (102,364)us-gaap_PaymentsToAcquireRealEstate [3],[4] (9,750)us-gaap_PaymentsToAcquireRealEstate [5]
Repayments of and principal collections on loans 512,528star_ProceedsFromPrincipalRepaymentsOnPortfolioOfAssets 613,615star_ProceedsFromPrincipalRepaymentsOnPortfolioOfAssets 728,657star_ProceedsFromPrincipalRepaymentsOnPortfolioOfAssets
Net proceeds from sales of loans 65,438us-gaap_ProceedsFromSaleOfLoansHeldForInvestment 81,614us-gaap_ProceedsFromSaleOfLoansHeldForInvestment 56,998us-gaap_ProceedsFromSaleOfLoansHeldForInvestment
Net proceeds from sales of real estate 419,527us-gaap_ProceedsFromSaleOfRealEstate 437,817us-gaap_ProceedsFromSaleOfRealEstate 562,705us-gaap_ProceedsFromSaleOfRealEstate
Net proceeds from sale of other investments 0us-gaap_ProceedsFromSaleOfEquityMethodInvestments 220,281us-gaap_ProceedsFromSaleOfEquityMethodInvestments 0us-gaap_ProceedsFromSaleOfEquityMethodInvestments
Distributions from other investments 61,031us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital 36,918us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital 78,238us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
Contributions to other investments (159,424)star_PaymentsForContributionsToUnconsolidatedEntities (12,784)star_PaymentsForContributionsToUnconsolidatedEntities (10,640)star_PaymentsForContributionsToUnconsolidatedEntities
Changes in restricted cash held in connection with investing activities 29,283us-gaap_IncreaseDecreaseInRestrictedCash (19,388)us-gaap_IncreaseDecreaseInRestrictedCash (5,127)us-gaap_IncreaseDecreaseInRestrictedCash
Other investing activities, net 1,291us-gaap_PaymentsForProceedsFromOtherInvestingActivities 4,741us-gaap_PaymentsForProceedsFromOtherInvestingActivities (3,361)us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Cash flows from investing activities 159,793us-gaap_NetCashProvidedByUsedInInvestingActivities 893,447us-gaap_NetCashProvidedByUsedInInvestingActivities 1,267,047us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:      
Borrowings from debt obligations 1,349,822us-gaap_ProceedsFromIssuanceOfDebt 1,444,565us-gaap_ProceedsFromIssuanceOfDebt 3,498,794us-gaap_ProceedsFromIssuanceOfDebt
Repayments of debt obligations (1,471,174)us-gaap_RepaymentsOfDebt (1,984,102)us-gaap_RepaymentsOfDebt (4,608,133)us-gaap_RepaymentsOfDebt
Preferred dividends paid (51,320)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock (49,020)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock (42,320)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock
Proceeds from issuance of preferred stock 0us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock 193,510us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock 0us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
Payments for deferred financing costs (19,595)us-gaap_PaymentsOfFinancingCosts (17,539)us-gaap_PaymentsOfFinancingCosts (21,662)us-gaap_PaymentsOfFinancingCosts
Other financing activities, net 1,309us-gaap_ProceedsFromPaymentsForOtherFinancingActivities (43,172)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities (2,276)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
Cash flows from financing activities (190,958)us-gaap_NetCashProvidedByUsedInFinancingActivities (455,758)us-gaap_NetCashProvidedByUsedInFinancingActivities (1,175,597)us-gaap_NetCashProvidedByUsedInFinancingActivities
Changes in cash and cash equivalents (41,507)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 257,224us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (100,482)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of period 513,568us-gaap_CashAndCashEquivalentsAtCarryingValue 256,344us-gaap_CashAndCashEquivalentsAtCarryingValue 356,826us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of period 472,061us-gaap_CashAndCashEquivalentsAtCarryingValue 513,568us-gaap_CashAndCashEquivalentsAtCarryingValue 256,344us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash paid during the period for interest, net of amount capitalized $ 194,605us-gaap_InterestPaidNet $ 237,457us-gaap_InterestPaidNet $ 329,546us-gaap_InterestPaidNet
[1] For the years ended December 31, 2014, 2013 and 2012, the provision for loan losses includes recoveries of previously recorded loan loss reserves of $10.1 million, $63.1 million and $4.6 million, respectively.
[2] During the year ended December 31, 2014, the Company purchased two condominium units for $3.0 million and one land parcel for $1.7 million.
[3] During the year ended December 31, 2013, the Company paid $8.8 million to redeem a noncontrolling member's interest.
[4] During the year ended December 31, 2013, the Company acquired a net lease asset for a purchase price of $93.6 million, including intangible assets of $36.1 million, intangible liabilities of $11.9 million and acquisition-related costs of $0.2 million, which was leased back to the seller. The Company concluded that the transaction was a real estate asset acquisition and capitalized the acquisition-related costs. The intangible assets were included in "Deferred expenses and other assets, net" and the intangible liabilities were included in "Accounts payable, accrued expenses and other liabilities" on the Company's Consolidated Balance Sheets. The lease was classified as an operating lease. During the year ended December 31, 2014, the net lease asset was sold to its Net Lease Venture for net proceeds of $93.7 million, which approximated carrying value.
[5] During the year ended December 31, 2012, the Company acquired approximately 900 parking spaces adjacent to an owned property for $9.8 million.