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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income (loss) $ 49,548 $ (186,832)
Adjustments to reconcile net income (loss) to cash used in operating activities:    
Depreciation and amortization 175,927 202,743
Net amortization of debt premiums, discounts and issuance costs 6,698 9,777
Straight line rental income (7,193) (3,804)
Amortization of acquired real estate leases 204 (5,563)
Loss on modification or early extinguishment of debt 30,043 2,410
Impairment of assets 0 (174)
Gain on sale of properties (322,064) (30,838)
Losses on equity securities, net 21,384 26,943
Other non-cash adjustments, net (1,376) (1,183)
Unconsolidated joint venture distributions 7,400 0
Equity in earnings of investees (8,685) 0
Change in assets and liabilities:    
Deferred leasing costs, net (6,188) (11,736)
Other assets 9,809 (29,227)
Accrued interest 2,312 23,462
Other liabilities 5,233 (9,176)
Net cash used in operating activities (36,948) (13,198)
Cash flows from investing activities:    
Real estate acquisitions (75,105) 0
Real estate improvements (189,118) (126,142)
Proceeds from sale of properties, net 822 103,257
Proceeds from sale of properties to joint venture, net 638,488 0
Proceeds from sale of interest in joint venture, net 108,626 0
Net cash provided by (used in) investing activities 483,713 (22,885)
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 (28,373) (2,349)
Loss on early extinguishment of debt settled in cash (24,375) 0
Payment of debt issuance costs (2,821) (9,101)
Repurchase of common shares (165) (381)
Distributions to noncontrolling interest 0 (16,848)
Distributions to shareholders (7,171) (7,150)
Net cash (used in) provided by financing activities (662,905) 756,671
(Decrease) increase in cash and cash equivalents and restricted cash (216,140) 720,588
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 $ 800,805 $ 811,437