| Net income |
318.94M |
| Depreciation and amortization |
| Amortization of financing costs |
8.3M |
| Gain on sale of loans, servicing rights and other assets |
-134.78M |
| Gain on disposition of real estate held for investment |
| Equity income from unconsolidated subsidiaries |
-116.9M |
| Provision for doubtful accounts |
6.81M |
| Compensation expense related to stock options and non-vested stock awards |
| Incremental tax benefit from stock options exercised |
0 |
| Distribution of earnings from unconsolidated subsidiaries |
19.98M |
| Tenant concessions received |
7.67M |
| Decrease in receivables |
| (Increase) decrease in prepaid expenses and other assets |
-101.92M |
| Decrease (increase) in real estate held for sale and under development |
2.87M |
| Decrease in accounts payable and accrued expenses |
-125.47M |
| Decrease in compensation and employee benefits payable and accrued bonus and profit sharing |
| (Increase) decrease in income taxes receivable |
-66.59M |
| Increase (decrease) in other liabilities |
8.81M |
| Other operating activities, net |
-19.59M |
| Net cash (used in) provided by operating activities |
| Capital expenditures |
-134.36M |
| Acquisition of businesses, including net assets acquired, intangibles and goodwill, net of cash acquired |
-10.48M |
| Contributions to unconsolidated subsidiaries |
-57.3M |
| Distributions from unconsolidated subsidiaries |
| Net proceeds from disposition of real estate held for investment |
44.33M |
| Additions to real estate held for investment |
| Proceeds from the sale of servicing rights and other assets |
| Decrease in restricted cash |
-1.62M |
| Other investing activities, net |
-2.97M |
| Net cash provided by investing activities |
| Proceeds from senior secured term loans |
| Repayment of senior secured term loans |
| Proceeds from revolving credit facility |
2.2B |
| Repayment of revolving credit facility |
-2.11B |
| Proceeds from notes payable on real estate held for investment |
7.27M |
| Repayment of notes payable on real estate held for investment |
-33.52M |
| Proceeds from notes payable on real estate held for sale and under development |
15.11M |
| Repayment of notes payable on real estate held for sale and under development |
-4.1M |
| Repayment of short-term borrowings and other loans, net |
| Proceeds from exercise of stock options |
915K |
| Incremental tax benefit from stock options exercised |
0 |
| Non-controlling interests contributions |
1.48M |
| Non-controlling interests distributions |
-12.8M |
| Payment of financing costs |
-5.6M |
| Other financing activities, net |
-1.19M |
| Net cash used by (used in) financing activities |
| Effect of currency exchange rate changes on cash and cash equivalents |
-408K |
| NET INCREASE IN CASH AND CASH EQUIVALENTS |
-94.06M |
| CASH AND CASH EQUIVALENTS, AT BEGINNING OF PERIOD |
540.4M |
| CASH AND CASH EQUIVALENTS, AT END OF PERIOD |
| Interest |
118.27M |
| Income tax (refunds) payments, net |
225.13M |
