| Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities | |||||||||
Net income (loss) | |||||||||
-5,329 | 84,327 | -29,453 | -34,163 | -15,528 | 15,983 | -152,361 | -181,875 | -231,228 | -439,087 |
Adjustments to reconcile net income (loss) to net cash used in operating activities: | |||||||||
Asset impairment losses | |||||||||
41,564 | 5,250 | 8,977 | 132 | 13,165 | 4,879 | 98,050 | 93,080 | 87,826 | 259,063 |
Goodwill impairment losses | |||||||||
- | - | - | - | - | - | - | - | 11,470 | - |
Gain on sale of assets | |||||||||
26,828 | 92,396 | 22,176 | 44,477 | 0 | 16,102 | 8,083 | 1,385 | 0 | - |
Hurricane-related loss | |||||||||
-3,000 | 0 | 0 | - | - | - | - | - | - | - |
Gain on remeasurement of investment in unconsolidated entities | |||||||||
11,090 | 14,168 | 0 | 0 | - | - | - | - | - | - |
Gain on troubled debt restructuring | |||||||||
31,006 | 0 | 0 | - | - | 36,856 | 35,635 | 39,066 | 23,898 | - |
Gain on sale of discontinued operations | |||||||||
- | - | - | 15,383 | 90,221 | 40,436 | 20,130 | 16,701 | 2,920 | - |
Loss on early extinguishment of debt | |||||||||
-8,988 | -545 | 0 | 614 | 775 | -2,787 | 0 | 0 | - | -4,477 |
Hedge ineffectiveness income from derivatives | |||||||||
0 | 253 | 572 | 0 | 0 | -251 | -66 | 0 | 193 | -2,296 |
Amortization of restricted shares and units | |||||||||
4,569 | 4,079 | 4,159 | 4,975 | 1,397 | 820 | 0 | 0 | - | - |
Depreciation and amortization | |||||||||
101,036 | 94,754 | 111,830 | 122,731 | 143,168 | 171,119 | 195,077 | 221,169 | 238,944 | 275,045 |
Amortization of lease intangibles | |||||||||
-301 | -275 | -2,015 | -1,978 | -376 | 355 | 757 | 1,831 | 1,629 | 1,549 |
Amortization of above- and below-market rent | |||||||||
-6,114 | -3,895 | -4,255 | -5,842 | -4,133 | -9,540 | -11,741 | -18,110 | -11,850 | -12,463 |
Amortization of deferred financing fees | |||||||||
1,481 | 3,444 | 3,106 | 3,683 | 3,088 | 6,308 | 7,569 | 5,810 | 8,316 | 8,405 |
Interest income capitalized to notes receivable | |||||||||
- | - | - | - | - | - | - | - | - | 18 |
Income (Loss) from Equity Method Investments | |||||||||
718 | 6,399 | 2,569 | 3,982 | 1,836 | 24,547 | 1,725 | -2,302 | 954 | 284 |
Ownership portion of fees from unconsolidated entities | |||||||||
136 | 409 | 562 | 497 | 482 | 923 | 446 | 0 | 0 | - |
Distributions from investments | |||||||||
10 | 9,108 | 739 | 871 | 1,091 | 0 | 581 | 567 | 934 | 1,068 |
Change in accounts receivable | |||||||||
1,074 | 9,055 | 8,892 | 8,180 | 8,290 | 7,999 | 13,632 | 25,705 | 10,451 | 13,597 |
Change in prepaid expenses and other assets | |||||||||
-843 | 697 | -852 | -2,260 | -618 | -572 | 1,945 | -360 | 1,131 | 435 |
Change in lease commissions | |||||||||
13,592 | 15,907 | 10,614 | 17,068 | 21,891 | 15,520 | 21,942 | 33,783 | 24,853 | 15,795 |
Change in other lease intangibles | |||||||||
73 | 432 | 852 | 1,149 | 800 | 961 | 2,508 | 3,291 | 2,300 | 403 |
Change in other intangible assets | |||||||||
0 | 0 | 100 | 0 | 0 | - | 1,445 | 0 | 0 | - |
Change in accounts payable and accrued liabilities | |||||||||
4,617 | -842 | 3,627 | -8,337 | -355 | - | - | - | - | - |
Change in accounts payable | |||||||||
- | - | - | - | - | 1,847 | 436 | -406 | -74 | -972 |
Change in accrued liabilities | |||||||||
- | - | - | - | - | -11,793 | 14,880 | -3,499 | 6,948 | -3,447 |
Change in other liabilities | |||||||||
1,513 | 3,255 | -1,051 | 2,432 | 4,604 | 2,847 | 1,469 | 1,885 | 2,742 | 1,134 |
Change in payables to related parties | |||||||||
- | - | - | -1,516 | 182 | 214 | 350 | -820 | 351 | -3,526 |
Cash used in operating activities | |||||||||
71,632 | 60,852 | 51,303 | -3,880 | 25,140 | 45,151 | 48,534 | 2,363 | 49,308 | 63,010 |
Cash flows from investing activities | |||||||||
Escrow deposits | |||||||||
3,000 | 13,350 | 19,000 | 0 | 0 | - | - | - | - | - |
Return of investments | |||||||||
1,711 | 25,784 | 17,331 | 4,786 | 2,702 | 36,310 | 2,278 | 780 | 899 | 1,482 |
Purchase of ground lease | |||||||||
- | - | - | 7,200 | 0 | 0 | - | - | - | - |
Purchases of real estate | |||||||||
100,480 | 93,011 | 0 | 178,184 | 0 | 0 | - | 1,035 | 0 | 2,477 |
Investments in unconsolidated entities | |||||||||
1,499 | 19,667 | 3,956 | 39,173 | 560 | 1,500 | 1,330 | 4,057 | 0 | - |
Capital expenditures for real estate | |||||||||
34,967 | 33,688 | 48,603 | 70,856 | 78,567 | 66,004 | 67,301 | 58,609 | 43,972 | 68,463 |
Capital expenditures for real estate under development | |||||||||
77,956 | 30,550 | 11,088 | 2,555 | 27,423 | 39,180 | 2,065 | 0 | 6,607 | 43,362 |
Proceeds from notes receivable | |||||||||
- | - | - | - | - | - | - | 10,355 | 643 | 2,126 |
Insurance proceeds received | |||||||||
- | - | - | - | - | - | - | - | - | 16,000 |
Proceeds from sale of discontinued operations | |||||||||
- | - | - | 59,715 | 242,800 | 495,866 | 111,142 | 89,998 | 55,271 | 41,749 |
Proceeds from Sale of Productive Assets | |||||||||
188,772 | 328,461 | 295,453 | 433,709 | 0 | 0 | 21,235 | 92,982 | 0 | - |
Insurance proceeds for capital expenditures | |||||||||
2,868 | 0 | 0 | - | - | - | - | - | - | - |
Change in restricted cash | |||||||||
- | - | - | - | - | -28,954 | -21,022 | 1,374 | -27,264 | -75,076 |
Cash provided by investing activities | |||||||||
-24,551 | 163,979 | 230,137 | 200,242 | 138,952 | 454,446 | 84,981 | 129,040 | 33,498 | 22,131 |
Cash flows from financing activities | |||||||||
Financing costs | |||||||||
3,329 | 1,972 | 885 | 5,915 | 5,454 | 2,362 | 1,550 | 14,273 | 225 | 2,456 |
Proceeds from notes payable | |||||||||
778,000 | 196,000 | 173,000 | 779,905 | 334,359 | 55,785 | 34,501 | 557,500 | 0 | 150,000 |
Payments on notes payable | |||||||||
904,241 | 374,792 | 419,294 | 943,667 | 533,528 | 499,672 | 147,494 | 780,939 | 83,184 | 242,660 |
Payments for early extinguishment of debt | |||||||||
3,633 | 436 | 0 | - | - | - | - | - | - | - |
Issuance of common stock | |||||||||
140,348 | 0 | 0 | - | - | - | - | - | - | - |
Purchase of operating partnership units | |||||||||
- | - | - | 1,123 | 0 | 0 | - | - | - | - |
Costs associated with issuance of common stock | |||||||||
2,455 | 0 | 0 | - | - | - | 9 | 11 | 13 | 337 |
Termination of interest rate hedge | |||||||||
- | - | - | - | - | - | - | - | - | 2,101 |
Payments on capital lease obligations | |||||||||
- | - | - | 12 | 30 | 0 | 44 | 82 | 75 | 74 |
Redemptions of common stock | |||||||||
- | - | - | 50,841 | 0 | 0 | 4,083 | 4,288 | 7,164 | 31,633 |
Transfer of common stock | |||||||||
3,025 | 1,143 | 650 | 1,257 | 141 | 0 | 0 | - | - | - |
Distributions paid to common stockholders | |||||||||
36,623 | 43,034 | 34,359 | 17,549 | 0 | 0 | 16,748 | 16,323 | 30,396 | 59,856 |
Distributions paid to Series A Convertible Preferred stockholders | |||||||||
0 | 0 | 2 | 4 | - | - | - | - | - | - |
Distributions paid to noncontrolling interests | |||||||||
8 | 25 | 38 | 30 | 37 | 5,308 | 415 | 53 | 2,193 | 357 |
Contributions from noncontrolling interests | |||||||||
2,457 | 488 | 221 | 325 | 0 | 0 | - | - | - | 27 |
Conversion of debentures | |||||||||
- | - | - | - | - | - | - | - | - | 52,891 |
Change in payables to related parties | |||||||||
- | - | - | - | - | - | - | - | - | -678 |
Cash used in financing activities | |||||||||
-32,509 | -224,914 | -282,007 | -240,168 | -204,831 | -451,557 | -135,842 | -258,469 | -123,250 | -243,016 |
Net change in cash, cash equivalents, and restricted cash | |||||||||
14,572 | -83 | -567 | -43,806 | -40,739 | 48,040 | -2,327 | -127,066 | -40,444 | -157,875 |