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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 |
Operating activities: | | | | | | | | |
Consolidated net earnings | 3,555.4 | 3,148.6 | 1,616.6 | 1,701.8 | 1,823.0 | 1,761.0 | 1,292.5 | 925.5 |
Adjustments to reconcile net earnings to net cash from operating activities: | | | | | | | | |
Straight-lined rents and amortization of above and below market leases | -267.7 | -148.2 | -126.3 | -98.4 | -66.9 | -81.0 | -93.6 | -59.6 |
Equity-based compensation awards | 175.4 | 113.0 | 109.8 | 97.6 | 76.1 | 76.6 | 60.3 | 53.7 |
Depreciation and amortization | 1,812.8 | 1,577.9 | 1,562.0 | 1,139.9 | 947.2 | 879.1 | 931.0 | 880.4 |
Earnings from unconsolidated entities, net | -310.9 | -404.3 | -297.4 | -200.2 | -298.3 | -248.6 | -206.3 | -159.3 |
Operating distributions from unconsolidated entities | 487.5 | 498.3 | 707.7 | 736.0 | 710.2 | 516.4 | 286.7 | 284.7 |
Decrease (increase) in operating receivables from unconsolidated entities | -63.9 | -14.2 | 14.7 | 11.6 | | | | |
Amortization of debt discounts and debt issuance costs, net | 23.7 | 8.7 | 7.9 | 17.0 | 12.7 | 0.8 | -15.1 | -31.8 |
Gains on dispositions of development properties and land, net | -597.7 | -817.0 | -464.9 | -467.6 | -469.8 | -327.5 | | |
Gains on other dispositions of investments in real estate, net | -589.4 | -772.6 | -252.2 | -390.2 | -371.2 | -855.4 | | |
Unrealized foreign currency and derivative losses (gains), net | -92.2 | -173.0 | 160.7 | 70.7 | -120.4 | 69.0 | -8.1 | -1.0 |
Losses on early extinguishment of debt, net | 20.2 | 187.5 | 188.3 | 16.1 | 2.6 | 68.4 | -2.5 | 86.3 |
Deferred income tax expense | 12.6 | 1.3 | 0.7 | 12.2 | 1.4 | -5.0 | -5.5 | -5.1 |
Increase in accounts receivable and other assets | -71.3 | -328.5 | -127.6 | -108.2 | -73.0 | 37.3 | -106.3 | -64.7 |
Increase in accounts payable and accrued expenses and other liabilities | 109.0 | 176.9 | 94.1 | 115.2 | 30.1 | 36.4 | 26.5 | 4.4 |
Net cash provided by operating activities | 4,126.4 | 2,996.0 | 2,937.0 | 2,264.0 | 1,803.6 | 1,687.2 | 1,417.0 | 1,116.3 |
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Investing activities: | | | | | | | | |
Real estate development | -3,118.4 | -2,639.9 | -1,920.2 | -1,795.1 | -1,953.1 | -1,606.1 | | |
Real estate acquisitions | -2,492.1 | -2,320.4 | -1,239.0 | -1,006.0 | -999.1 | -442.7 | -458.5 | -890.2 |
Transaction, net of cash acquired | | | | | | | | |
Tenant improvements and lease commissions on previously leased space | -339.2 | -329.1 | -221.5 | -179.3 | -134.9 | -153.3 | -165.9 | -154.6 |
Property improvements | -211.4 | -169.9 | -149.5 | -143.0 | -93.1 | -110.6 | | |
Proceeds from dispositions and contributions of real estate | 2,063.6 | 4,222.3 | 2,281.9 | 2,331.6 | | | | |
Investments in and advances to unconsolidated entities | | | | | | | | |
Return of investment from unconsolidated entities | 487.5 | 498.3 | 707.7 | 736.0 | 710.2 | 516.4 | 286.7 | 284.7 |
Proceeds from repayment of notes receivable backed by real estate | | | 4.3 | | 34.3 | 32.1 | 203.0 | 9.9 |
Proceeds from the settlement of net investment hedges | 59.3 | 3.3 | 2.4 | 23.6 | 29.4 | 7.5 | 79.8 | 129.1 |
Payments on the settlement of net investment hedges | -3.5 | -16.5 | -9.0 | -30.4 | -11.7 | -5.1 | | -1.0 |
Net cash used in investing activities | -4,499.1 | -1,990.1 | -3,074.3 | -685.4 | -663.8 | 543.3 | 1,252.0 | -4,789.2 |
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Financing activities: | | | | | | | | |
Proceeds from issuance of common stock/units | | 0.7 | 2.2 | 6.1 | 6.9 | 32.9 | 39.5 | 90.3 |
Repurchase and retirement of common stock | | | -34.8 | | | | | |
Dividends/distributions paid on common and preferred stock/units | -2,494.7 | -1,872.9 | -1,723.0 | -1,345.7 | -1,123.4 | -942.9 | -893.5 | -804.7 |
Noncontrolling interests contributions | 13.3 | 74.4 | 917.1 | 11.6 | 170.1 | 240.9 | 2.2 | 2,355.4 |
Noncontrolling interests distributions | -270.1 | -375.1 | -361.6 | -164.4 | -224.9 | -207.8 | -343.6 | -215.7 |
Settlement of noncontrolling interests | -89.0 | -153.2 | -117.0 | -109.8 | -75.9 | -813.8 | -3.1 | -2.6 |
Redemption of common limited partnership units | | | | | | | | |
Tax paid with shares withheld | -27.7 | -19.9 | -24.9 | -22.4 | -26.5 | -19.8 | -8.6 | -12.3 |
Tax paid for shares of the Parent withheld | | | | | | | | |
Debt and equity issuance costs paid | -45.7 | -23.3 | -54.2 | -17.7 | -17.4 | -7.1 | -20.1 | -32.0 |
Net proceeds from (payments on) credit facilities | 4,410.7 | 3,921.0 | 7,813.6 | 4,104.5 | 4,225.1 | 2,703.1 | 1,403.3 | 5,373.9 |
Repurchase of and payments on debt | -1,381.0 | -2,560.2 | -6,782.3 | -3,301.8 | -4,166.1 | -3,578.9 | | |
Proceeds from the issuance of debt | 4,410.7 | 3,921.0 | 7,813.6 | 4,104.5 | 4,225.1 | 2,703.1 | 1,403.3 | 5,373.9 |
Net cash provided by (used in) financing activities | 115.8 | -1,008.3 | -372.2 | -839.6 | -1,232.1 | -2,606.6 | -2,125.5 | 3,595.9 |
Effect of foreign currency exchange rate changes on cash | -20.8 | -39.6 | 18.7 | | | | | |
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