| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Operating activities: | |||||||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | |||||||||||
1,330 | 829 | 540 | 1,082 | 888 | 512 | 138 | 294 | 212 | 128 | 192 | 283 |
Adjustments to reconcile net income to net cash provided from (used in) operating activities: | |||||||||||
Depreciation and amortization | |||||||||||
1,027 | 950 | 921 | 901 | 826 | 844 | 873 | 533 | 423 | 202 | 164 | 163 |
Other Depreciation and Amortization | |||||||||||
16 | 17 | 16 | 8 | 4 | 6 | 8 | 15 | 16 | 17 | 15 | 14 |
Provision for loan losses | |||||||||||
18 | 0 | 62 | 10 | 0 | 0 | 2 | 27 | 2 | 29 | 23 | 0 |
Deferred gain on sales of properties | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -3 |
Impairment of assets | |||||||||||
28 | 115 | 124 | 37 | 2 | 0 | 0 | 29 | 12 | 0 | 25 | 32 |
Stock-based compensation expense | |||||||||||
25 | 27 | 19 | 28 | 30 | 32 | 20 | 18 | 10 | 11 | 9 | 8 |
Derivative, Gain (Loss) on Derivative, Net | |||||||||||
4 | 4 | -2 | 2 | -58 | -1 | 4 | -1 | 0 | 0 | - | - |
Loss (gain) on extinguishment of debt, net | |||||||||||
-84 | -16 | -37 | -17 | -34 | -9 | 0 | 0 | 0 | -34 | -25 | 2 |
Income (Loss) from Equity Method Investments | |||||||||||
42 | -0 | -83 | -10 | -21 | -27 | -8 | 2 | 5 | 6 | 0 | - |
Rental income less than (in excess of) cash received | |||||||||||
106 | 32 | 80 | 83 | 115 | 74 | 46 | 32 | 31 | 6 | -11 | -7 |
Amortization related to above (below) market leases, net | |||||||||||
-0 | 2 | 0 | 0 | 4 | 0 | 0 | 0 | -2 | -2 | -1 | -1 |
Loss (gain) on real estate dispositions, net | |||||||||||
748 | 415 | 344 | 364 | 280 | 153 | 49 | 100 | 61 | 36 | 43 | 163 |
Other (income) expense, net | |||||||||||
- | - | - | -4 | 31 | 0 | 0 | - | - | - | - | - |
Distributions by unconsolidated entities | |||||||||||
0 | 0 | 0 | 1 | 0 | 9 | 8 | 17 | -6 | 0 | 0 | - |
Other income less than (in excess of) cash received | |||||||||||
- | - | - | - | - | - | - | - | - | - | -5 | - |
Increase (decrease) in accrued expenses and other liabilities | |||||||||||
-29 | 70 | 26 | 14 | -8 | -48 | 67 | 38 | 10 | 12 | -0 | 17 |
Decrease (increase) in receivables and other assets | |||||||||||
63 | -5 | -23 | 18 | -0 | 25 | 47 | 18 | 4 | 20 | 36 | 3 |
Net cash provided from (used in) operating activities | |||||||||||
1,535 | 1,583 | 1,434 | 1,639 | 1,382 | 1,138 | 988 | 818 | 588 | 364 | 381 | 360 |
Investing activities: | |||||||||||
Cash disbursed for acquisitions, net of cash acquired | |||||||||||
3,959 | 3,560 | 805 | 2,145 | 3,353 | 2,210 | 3,597 | 2,923 | -4,514 | 2,074 | 598 | 1,072 |
Cash disbursed for capital improvements to existing properties | |||||||||||
328 | 266 | 250 | 219 | 187 | 132 | 135 | 135 | -89 | - | - | - |
Cash disbursed for construction in progress | |||||||||||
323 | 160 | 232 | 403 | 244 | 197 | 247 | 286 | -301 | - | - | - |
Capitalized interest | |||||||||||
15 | 7 | 13 | 16 | -8 | -7 | -6 | -9 | -13 | -20 | -41 | -25 |
Investment in loans receivable | |||||||||||
119 | 112 | 101 | 129 | 598 | 202 | 117 | 665 | 51 | 97 | 74 | 83 |
Principal collected on loans receivable | |||||||||||
127 | 203 | 214 | 249 | 131 | 105 | 102 | 35 | 188 | 43 | 111 | 18 |
Other investments, net of payments | |||||||||||
8 | 44 | 44 | -4 | 141 | 100 | 15 | -25 | 22 | 133 | 22 | 21 |
Contributions to unconsolidated entities | |||||||||||
279 | 136 | 114 | 101 | 160 | 353 | 99 | 227 | 2 | 196 | 0 | - |
Distributions by unconsolidated entities | |||||||||||
216 | 90 | 70 | 119 | 130 | 57 | 30 | 13 | 9 | 0 | 0 | - |
Proceeds from (payments on) derivatives | |||||||||||
8 | 65 | 52 | -108 | -106 | -10 | 6 | -6 | 0 | 0 | - | - |
Decrease (increase) in restricted cash | |||||||||||
- | - | - | - | - | 6 | -79 | 35 | -30 | 52 | -130 | 138 |
Proceeds from Sale of Property, Plant, and Equipment | |||||||||||
2,650 | 1,541 | 1,378 | 2,350 | 823 | 911 | 482 | 610 | 247 | 219 | 224 | 287 |
Net cash provided from (used in) investing activities | |||||||||||
-2,048 | -2,386 | 154 | -183 | -3,502 | -2,126 | -3,531 | -3,592 | -4,520 | -2,312 | -270 | -1,035 |
Financing activities: | |||||||||||
Net increase (decrease) in unsecured credit facility and commercial paper | |||||||||||
440 | 428 | 74 | -190 | 835 | -130 | 130 | -610 | 310 | 160 | -430 | 263 |
Proceeds from Issuance of Unsecured Debt | |||||||||||
3,974 | 2,824 | 7 | 693 | 1,451 | 773 | 1,756 | 2,025 | 1,381 | 1,821 | 0 | - |
Payments to extinguish senior unsecured notes | |||||||||||
3,335 | 1,450 | 5 | 865 | 558 | 365 | 517 | 370 | 0 | 495 | 201 | 42 |
Proceeds from Issuance of Secured Debt | |||||||||||
343 | 45 | 241 | 460 | 228 | 109 | 89 | 157 | 119 | 154 | 276 | - |
Payments on secured debt | |||||||||||
284 | 362 | 1,144 | 563 | 573 | 341 | 674 | 406 | 83 | 217 | 107 | 58 |
Proceeds from Issuance of Common Stock | |||||||||||
1,056 | 789 | 621 | 534 | 1,755 | 2,343 | 1,854 | 3,581 | 2,137 | 995 | 704 | 782 |
Net proceeds from issuance of preferred stock | |||||||||||
- | - | - | - | - | - | - | 277 | 696 | 0 | 0 | - |
Redemption of preferred stock | |||||||||||
0 | 0 | 287 | 0 | 0 | - | - | 275 | 0 | 0 | - | - |
Payments for deferred financing costs and prepayment penalties | |||||||||||
84 | 29 | 54 | 22 | 11 | 16 | 13 | 7 | 28 | 3 | 7 | 0 |
Contributions by noncontrolling interests | |||||||||||
55 | 39 | 56 | 148 | 173 | 9 | 5 | 24 | 8 | 2 | 2 | 3 |
Distributions to noncontrolling interests | |||||||||||
172 | 109 | 87 | 134 | 50 | 43 | 35 | 29 | 30 | 3 | 2 | 2 |
Acquisitions of noncontrolling interests | |||||||||||
- | - | - | - | 5 | 1 | 23 | 0 | 0 | - | - | - |
Cash distributions to stockholders | |||||||||||
1,400 | 1,348 | 1,325 | 1,298 | 1,210 | 1,035 | 906 | 722 | 544 | 370 | 333 | 276 |
Other financing activities | |||||||||||
-15 | -6 | -10 | -11 | -36 | -0 | 2 | -0 | -1 | 0 | - | - |
Net cash provided from (used in) financing activities | |||||||||||
577 | 818 | -1,913 | -1,250 | 1,997 | 1,303 | 1,667 | 3,645 | 3,963 | 2,043 | -99 | 667 |
Effect of foreign currency translation on cash and cash equivalents and restricted cash | |||||||||||
5 | -9 | 26 | -20 | -8 | -0 | 0 | 0 | 0 | - | - | - |
Increase (decrease) in cash, cash equivalents and restricted cash | |||||||||||
69 | 6 | -297 | 184 | -130 | 314 | -874 | 870 | 31 | 96 | 12 | -6 |
Supplemental cash flow information: | |||||||||||
Interest paid | |||||||||||
574 | 501 | 488 | 541 | 492 | 504 | 447 | -369 | -285 | -156 | -143 | -156 |
Income taxes paid (received), net | |||||||||||
14 | 2 | 10 | 8 | 12 | 18 | 12 | -3 | -0 | -0 | -0 | -1 |