Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Cash Flows

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Consolidated Statements Of Cash Flows (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities    
Net income $ 74,280 $ 26,944
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization, including amounts in discontinued operations 75,130 71,555
Provision for losses on accounts receivable 3,009 3,319
Real estate impairment 599  
Amortization of share grants, net 3,850 3,969
Amortization of debt premiums, discounts and related financing costs 2,644 4,576
Gain on sale of real estate (56,639) (7,942)
Loss on extinguishment of debt, net   280
Changes in operating other assets (18,782) (18,872)
Changes in operating other liabilities 2,296 (348)
Net cash provided by operating activities 86,387 83,481
Cash flows from investing activities    
Real estate acquisitions, net (281,701) (68,000)
Net cash received for sale of real estate 289,221 22,204
Capital improvements to real estate (18,117) (14,569)
Development in progress (12,128) (1,174)
Non-real estate capital improvements (442) (256)
Net cash used in investing activities (23,167) (61,795)
Cash flows from financing activities    
Line of credit borrowings 221,000 62,800
Line of credit repayments (128,000) (90,800)
Dividends paid (86,190) (80,387)
Distributions to noncontrolling interests (151) (137)
Proceeds from dividend reinvestment program 3,850 3,924
Principal payments - mortgage notes payable (12,403) (24,870)
Financing costs (3,909) (2,101)
Net proceeds from debt offerings   247,998
Net proceeds from equity offerings   118,068
Notes payable repayments, including penalties for early extinguishment (96,521) (8,843)
Net proceeds from exercise of share options 1,088 3,872
Net cash provided by and (used in) financing activities (101,236) 229,524
Net increase (decrease) in cash and cash equivalents (38,016) 251,210
Cash and cash equivalents at beginning of year 78,767 11,203
Cash and cash equivalents at end of period 40,751 262,413
Supplemental disclosure of cash flow information:    
Cash paid for interest, net of amounts capitalized $ 45,525 $ 46,078