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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income (loss) $ 131,040 $ (98,828)
Adjustments to reconcile net income (loss) to cash (used in) provided by operating activities:    
Depreciation and amortization 115,520 134,041
Net amortization of debt premiums, discounts and issuance costs 4,790 5,829
Straight line rental income (4,455) (2,125)
Amortization of acquired real estate leases 162 (3,715)
Loss on modification or early extinguishment of debt 30,043 2,410
Impairment of assets 0 (174)
Gain on sale of properties (327,108) (30,638)
Losses on equity securities, net 18,710 12,188
Other non-cash adjustments, net (905) (982)
Unconsolidated joint venture distributions 5,660 0
Equity in earnings of investees (6,558) 0
Change in assets and liabilities:    
Deferred leasing costs, net (4,968) (8,258)
Other assets 25,922 (7,937)
Accrued interest (2,206) 8,918
Other liabilities (17,503) 16,317
Net cash (used in) provided by operating activities (31,856) 27,046
Cash flows from investing activities:    
Real estate improvements (116,640) (83,468)
Proceeds from sale of properties, net 792 103,057
Proceeds from sale of properties to joint venture, net 643,892 0
Proceeds from sale of interest in joint venture, net (330) 0
Net cash provided by investing activities 527,714 19,589
Cash flows from financing activities:    
Proceeds from issuance of senior unsecured notes, net 0 492,500
Proceeds from borrowings on revolving credit facility 0 800,000
Repayments of borrowings on revolving credit facility (100,000) 0
Redemption of senior unsecured notes (500,000) (300,000)
Repayment of term loan 0 (200,000)
Repayment of other debt (12,421) (1,558)
Loss on early extinguishment of debt settled in cash (24,375) 0
Payment of debt issuance costs (2,820) (4,188)
Repurchase of common shares (5) (59)
Distributions to noncontrolling interest 0 (11,324)
Distributions to shareholders (4,780) (4,766)
Net cash (used in) provided by financing activities (644,401) 770,605
(Decrease) increase in cash and cash equivalents and restricted cash (148,543) 817,240
Cash and cash equivalents and restricted cash at beginning of period 1,016,945 90,849
Cash and cash equivalents and restricted cash at end of period $ 868,402 $ 908,089