XML 22 R5.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net income $ 362,393 $ 49,683
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 142,639 142,844
Amortization of debt issuance costs and debt discounts and premiums 2,953 2,803
Straight line rental income (6,023) (6,865)
Amortization of acquired real estate leases and other intangible assets (2,797) (2,610)
Loss on early extinguishment of debt 130 7,353
Impairment of assets 548 5,082
Gain on sale of properties (261,916) 0
Unrealized gains and losses on equity securities, net (50,506) 0
Other non-cash adjustments (1,886) (1,887)
Equity in earnings of an investee (51) (502)
Change in assets and liabilities:    
Other assets 4,742 7,094
Accrued interest 8,028 (985)
Other liabilities (19,130) 9,487
Net cash provided by operating activities 179,124 211,497
Cash flows from investing activities:    
Real estate acquisitions and deposits (129,493) (15,146)
Real estate improvements (41,061) (57,067)
Proceeds from sale of properties 332,389 0
Net cash provided by (used in) investing activities 161,835 (72,213)
Cash flows from financing activities:    
Proceeds from issuance of senior unsecured notes, net 491,560 0
Proceeds from borrowings on revolving credit facility 429,000 501,000
Repayments of borrowings on revolving credit facility (961,000) (394,000)
Repayment of other debt (7,832) (302,476)
Loss on early extinguishment of debt settled in cash (130) (5,485)
Payment of debt issuance costs (4,296) 0
Repurchase of common shares (90) (11)
Proceeds from noncontrolling interest, net 0 255,813
Distributions to noncontrolling interest (10,781) (3,483)
Distributions to shareholders (185,350) (185,284)
Net cash used in financing activities (248,919) (133,926)
Increase in cash and cash equivalents and restricted cash 92,040 5,358
Cash and cash equivalents and restricted cash at beginning of period 47,321 35,578
Cash and cash equivalents and restricted cash at end of period 139,361 40,936
Supplemental cash flows information:    
Interest paid 77,385 82,470
Income taxes paid 439 441
Non-cash investing activities:    
Acquisitions funded by assumed debt (44,386) 0
Non-cash financing activities:    
Assumption of mortgage notes payable $ 44,386 $ 0