Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Cash Flows

v2.4.0.8
Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 39,719 $ 39,273
Adjustments to reconcile net income to net cash provided by Operating activities:    
Depreciation and amortization, including related intangible assets 90,460 88,950
Depreciation and amortization on discontinued operations   6,442
Amortization of deferred stock units 213  
Amortization of stock compensation 5,563 1,687
Amortization of deferred financing costs and debt discount 1,528 1,582
Equity in (earnings) loss of unconsolidated joint venture, net 792 1,830
Distributions of cumulative earnings from unconsolidated joint ventures 3,756 4,712
Realized (gains) and unrealized losses on disposition of rental property, net (54,584) (13,758)
Changes in operating assets and liabilities:    
Increase in unbilled rents receivable, net (3,551) (8,216)
Increase in deferred charges, goodwill and other assets (8,592) (16,859)
(Increase) decrease in accounts receivable, net (2,325) 1,171
Increase in accounts payable, accrued expenses and other liabilities 19,946 3,120
Decrease in rents received in advance and security deposits (4,798) (6,758)
(Decrease) increase in accrued interest payable (3,180) 1,007
Net cash provided by operating activities 84,947 104,183
CASH FLOWS FROM INVESTING ACTIVITIES    
Rental property acquisitions and related intangibles (37,696) (149,200)
Rental property additions and improvements (41,825) (39,688)
Development of rental property, other related costs and deposits (7,896) (12,204)
Proceeds from the sale of rental property 190,798 161,727
Investments in notes receivable (62,276)  
Repayment of notes receivable 250 83
Investment in unconsolidated joint ventures (38,948) (31,500)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 837 20,354
Increase in restricted cash (6,611) (300)
Net cash used in investing activities (3,367) (50,728)
CASH FLOW FROM FINANCING ACTIVITIES    
Borrowings from revolving credit facility 233,500 289,000
Repayment of revolving credit facility (177,500) (289,000)
Proceeds from senior unsecured notes   268,928
Repayment of senior unsecured notes (200,000) (100,000)
Proceeds from mortgages and loans payable 28,135 1,798
Repayment of mortgages, loans payable and other obligations (42,469) (9,420)
Payment of contingent consideration (3,936) (2,755)
Payment of financing costs (198) (2,643)
Payment of dividends and distributions (59,875) (89,669)
Net cash (used in) provided by financing activities (222,343) 66,239
Net (decrease) increase in cash and cash equivalents (140,763) 119,694
Cash and cash equivalents, beginning of period 221,706 58,245
Cash and cash equivalents, end of period $ 80,943 $ 177,939