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, unless otherwise specified
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 46,269 $ 81,387 $ 63,439
Adjustments to reconcile net income to net cash provided by Operating activities:      
Depreciation and amortization, including related intangible assets 189,072 189,467 186,684
Depreciation and amortization on discontinued operations 3,090 3,538 3,985
Amortization of stock compensation 4,135 4,557 4,528
Amortization of deferred financing costs and debt discount 2,669 2,370 2,656
Write off of unamortized discount on senior unsecured notes 593    
Equity in earnings of unconsolidated joint venture, net (4,089) [1] (2,022) [1] (2,276) [1]
Distributions of cumulative earnings from unconsolidated joint ventures 3,990 3,301 2,311
Realized (gains) and unrealized losses on disposition of rental property, net 4,775   5,074
Impairments 18,245    
Changes in operating assets and liabilities:      
Increase in unbilled rents receivable, net (6,488) (7,352) (7,458)
Increase in deferred charges, goodwill and other assets (17,227) (27,398) (24,069)
(Increase) decrease in accounts receivable, net (2,065) 5,241 (4,306)
(Decrease) increase in accounts payable, accrued expenses and other liabilities (1,816) 1,827 (424)
Increase (decrease) in rents received in advance and security deposits 2,898 (4,859) 3,184
Increase (decrease) in accrued interest payable 655 2,008 (10,292)
Net cash provided by operating activities 244,706 252,065 223,036
CASH FLOWS FROM INVESTING ACTIVITIES      
Acquisition of Roseland interests (net of cash acquired) (115,460)    
Rental property additions and improvements (47,191) (74,888) (74,908)
Development of rental property (60,354) (16,841) (17,591)
Proceeds from the sale of rental property 23,429    
Investment in unconsolidated joint ventures (36,051) (501) (954)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 1,547 1,460 2,410
Decrease (increase) in restricted cash 1,724 (3,407) 2,018
Net cash used in investing activities (232,356) (94,177) (89,025)
CASH FLOW FROM FINANCING ACTIVITIES      
Borrowings from revolving credit facility 591,026 299,500 250,000
Repayment of revolving credit facility (646,526) (472,000) (22,000)
Proceeds from senior unsecured notes 547,926    
Repayment of senior unsecured notes (221,019)   (465,000)
Proceeds from mortgages and loans payable 1,937   11,000
Proceeds from offering of common stock   227,374  
Redemption of preferred stock   (25,000)  
Repayment of mortgages, loans payable and other obligations (52,318) (8,684) (8,154)
Payment of financing costs (4,711) (4,993) (2,074)
Repurchase of common stock (11,011)    
Proceeds from stock options exercised 0 3,048 1,504
Payment of dividends and distributions (179,905) (178,488) (168,495)
Net cash provided by (used in) financing activities 25,399 (159,243) (403,219)
Net increase (decrease) in cash and cash equivalents 37,749 (1,355) (269,208)
Cash and cash equivalents, beginning of period 20,496 21,851 291,059
Cash and cash equivalents, end of period $ 58,245 $ 20,496 $ 21,851
[1] Included in the real estate segment for these items are the effects of the Roseland Assets acquired in 2012.