Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Cash Flows

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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) $ (142,052) $ 31,391 $ (19,058)
Adjustments to reconcile net income to net cash provided by Operating activities:      
Depreciation and amortization, including related intangible assets 172,108 173,848 183,303
Depreciation and amortization on discontinued operations     8,218
Amortization of deferred stock units 397 407 529
Amortization of stock compensation 2,219 11,097 2,387
Amortization of deferred financing costs 3,790 3,274 3,172
Write-off of unamortized discount on senior unsecured notes   12 156
Amortization of debt discount and mark-to-market 3,385 6,507 6,781
Equity in (earnings) loss of unconsolidated joint ventures 3,172 2,423 2,327
Distributions of cumulative earnings from unconsolidated joint ventures 5,644 11,213 8,485
Realized (gains) loss on disposition of rental property, net (53,261) (54,848) (59,520)
Realized (gains) loss on sale of investment in unconsolidated joint venture (6,448)    
Impairments 197,919   110,853
Changes in operating assets and liabilities:      
Increase in unbilled rents receivable, net (1,760) (4,083) (10,105)
Increase in deferred charges, goodwill and other assets (22,854) (34,402) (31,404)
(Increase) decrease in accounts receivable, net (2,178) 355 248
Increase (decrease) in accounts payable, accrued expenses and other liabilities 6,960 15,858 (7,090)
Decrease in rents received in advance and security deposits (2,408) (1,583) (2,187)
Increase (decrease) in accrued interest payable 4,822 (2,216) 1,598
Net cash provided by operating activities 169,455 159,253 198,693
CASH FLOWS FROM INVESTING ACTIVITIES      
Rental property acquisitions and related intangibles (70,455) (61,938) (178,294)
Rental property additions and improvements (94,073) (91,813) (89,869)
Development of rental property and other related costs (81,073) (25,140) (13,772)
Proceeds from the sale of rental property 81,049 274,839 332,102
Proceeds from the sale of investment in unconsolidated joint venture 6,448    
Investments in notes receivable   (62,276) (16,425)
Repayment of notes receivable 8,250 62,526 333
Investment in unconsolidated joint ventures (78,027) (67,325) (86,504)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 6,445 35,901 23,907
Increase in restricted cash (1,098) (14,451) (455)
Net cash used in investing activities (222,534) 50,323 (28,977)
CASH FLOW FROM FINANCING ACTIVITIES      
Borrowings from revolving credit facility 334,000 277,328 289,000
Repayment of revolving credit facility (179,000) (277,328) (289,000)
Repayment of senior unsecured notes   (350,000) (100,000)
Proceeds of senior unsecured notes     268,928
Proceeds from mortgages and loans payable 10,752 130,135 3,170
Repayment of mortgages, loans payable and other obligations (43,133) (83,808) (20,715)
Payment of contingent consideration (1,167) (5,228) (2,755)
Payment of financing costs (2,998) (3,147) (5,429)
Contributions from noncontrolling interests 2,140 145  
Payment of dividends and distributions (59,987) (89,830) (149,454)
Net cash provided by (used in) financing activities 60,607 (401,733) (6,255)
Net increase (decrease) in cash and cash equivalents 7,528 (192,157) 163,461
Cash and cash equivalents, beginning of period 29,549 221,706 58,245
Cash and cash equivalents, end of period $ 37,077 $ 29,549 $ 221,706