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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net income $ 409,596 $ 85,475
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 214,300 209,463
Amortization of debt issuance costs and debt discounts and premiums 4,579 4,050
Straight line rental income (8,507) (10,485)
Amortization of acquired real estate leases and other intangible assets (4,290) (3,963)
Loss on early extinguishment of debt 22 7,627
Impairment of assets 5,073 5,082
Gain on sale of properties (261,916) 0
Unrealized gains and losses on equity securities, net (85,643) 0
Other non-cash adjustments (2,828) (2,829)
Equity in earnings of an investee (882) (533)
Change in assets and liabilities:    
Other assets (5,243) (390)
Accrued interest 16,740 13,714
Other liabilities 5,021 27,438
Net cash provided by operating activities 286,022 334,649
Cash flows from investing activities:    
Real estate acquisitions and deposits (129,493) (34,227)
Real estate improvements (65,953) (89,710)
Proceeds from sale of properties 332,389 0
Net cash provided by (used in) investing activities 136,943 (123,937)
Cash flows from financing activities:    
Proceeds from issuance of senior unsecured notes, net 491,560 0
Proceeds from borrowings on revolving credit facility 617,000 572,000
Repayments of borrowings on revolving credit facility (1,018,000) (428,000)
Repayment of other debt (106,038) (303,964)
Loss on early extinguishment of debt settled in cash (150) (5,485)
Payment of debt issuance costs (4,296) (6,836)
Repurchase of common shares (407) (341)
Proceeds from noncontrolling interest, net 0 255,813
Distributions to noncontrolling interest (15,932) (8,587)
Distributions to shareholders (278,031) (277,932)
Net cash used in financing activities (314,294) (203,332)
Increase in cash and cash equivalents and restricted cash 108,671 7,380
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 155,992 42,958
Supplemental cash flows information:    
Interest paid 112,462 106,629
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