Overview Financials News + Filings IR Vault Key Docs Charts Transactions Ownership Insiders
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| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Cash flows from operating activities: | | | | | | | | |
| Net income (loss) | 516.4 | 525.9 | 428.3 | 60.1 | 1,073.5 | 422.6 | 639.9 | -546.4 |
| Adjustments to reconcile net income (loss) to net cash from (used in) operating activities: | | | | | | | | |
| Stock-based compensation amortization expense | 26.5 | 18.2 | 17.4 | 18.2 | 16.6 | 14.3 | 22.9 | 26.1 |
| Amortization of deferred financing costs | 10.9 | 9.2 | 10.2 | 10.9 | 12.6 | 14.6 | 20.0 | 20.2 |
| Straight-line rents | -49.2 | -31.2 | -24.5 | -22.5 | -23.1 | -23.9 | -18.0 | -28.9 |
| Equity loss (income) from unconsolidated joint ventures | -2.0 | -11.2 | 67.8 | 8.6 | 2.6 | -10.9 | -11.4 | -57.3 |
| Distributions of earnings from unconsolidated joint ventures | 0.9 | 5.0 | 12.3 | 20.1 | 22.5 | 44.1 | 26.5 | 15.1 |
| Loss (gain) on sales of real estate, net | -10.4 | -605.3 | -550.5 | -22.9 | -926.0 | -356.6 | -164.7 | -6.4 |
| Casualty-related loss (recoveries), net | 7.2 | 1.6 | 0.5 | -3.7 | | | | |
| Changes in: | | | | | | | | |
| Decrease (increase) in accounts receivable and other assets, net | -17.4 | 18.6 | 15.3 | -49.8 | 5.7 | -24.8 | -7.0 | -29.0 |
| Increase (decrease) in accounts payable, accrued liabilities, and deferred revenue | 136.3 | 7.8 | 93.5 | 71.7 | 40.6 | 4.8 | 42.0 | -23.8 |
| Net cash provided by (used in) operating activities | 900.3 | 795.2 | 758.4 | 846.1 | 848.7 | 847.0 | 1,214.1 | 1,222.1 |
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| Cash flows from investing activities: | | | | | | | | |
| Acquisitions of real estate | -178.1 | -1,483.0 | -1,170.7 | -1,604.3 | -426.1 | -560.8 | | |
| Development, redevelopment, and other major improvements of real estate | -861.6 | -610.6 | -791.6 | -626.9 | -503.6 | -373.5 | -421.3 | -281.0 |
| Investments in unconsolidated joint ventures | -21.1 | -25.3 | -39.1 | -15.0 | -12.2 | -46.3 | -10.2 | -69.9 |
| Distributions in excess of earnings from unconsolidated joint ventures | 12.5 | 37.6 | 18.6 | 27.1 | 26.5 | 37.0 | 28.4 | 31.0 |
| Net cash provided by (used in) investing activities | -876.3 | 531.0 | -1,007.7 | -1,448.8 | 1,829.3 | 1,246.3 | -429.0 | -1,660.4 |
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| Cash flows from financing activities: | | | | | | | | |
| Issuances and borrowings of term loans, senior unsecured notes, and mortgage debt | 500.0 | 1,088.5 | 594.8 | 2,047.1 | 223.6 | 5.4 | 1,108.4 | 2,269.0 |
| Payments for debt extinguishment and deferred financing costs | | | | | | | | |
| Issuance of common stock and exercise of options, net of offering costs | 308.1 | 5.0 | 1,068.9 | 795.6 | 217.7 | 28.1 | 67.7 | 206.5 |
| Repurchase of common stock | -67.8 | -12.8 | -10.5 | -5.0 | -3.4 | -4.8 | -8.7 | -8.7 |
| Dividends paid on common stock | -648.0 | -650.1 | -787.1 | -720.1 | -696.9 | -695.0 | -979.5 | -1,046.6 |
| Distributions to and purchase of noncontrolling interests | -30.5 | -93.3 | -40.6 | -29.5 | -82.9 | -57.6 | -27.5 | -26.2 |
| Contributions from and issuance of noncontrolling interests | 1.4 | 0.6 | | 33.3 | 299.7 | 1.6 | 11.8 | 110.8 |
| Net cash provided by (used in) financing activities | -116.5 | -1,288.5 | 246.5 | 647.3 | -2,620.5 | -2,148.5 | -1,054.3 | 614.1 |
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