XML 50 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements Of Cash Flows (USD $)
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities:    
Net income $ 264,782,000 $ 160,152,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on insurance settlement (5,597,000)  
Gain on contribution of investment properties to unconsolidated joint venture (115,054,000)  
Equity in earnings of unconsolidated joint ventures (6,839,000) (6,402,000)
Change in fair value of accrued contingent consideration (13,000)  
Distributions from unconsolidated joint ventures 27,675,000 18,573,000
Write-off of net assets due to early lease terminations 56,000 1,260,000
Depreciation and amortization of buildings and improvements, tenant improvements and acquired ground leases 291,707,000 226,739,000
Amortization of share-based unearned compensation 9,344,000 9,922,000
Allowance for (recovery of) doubtful accounts 1,660,000 (74,000)
Amortization of deferred financing costs 7,733,000 6,341,000
Write-off of deferred financing costs, included in loss on early extinguishment of debt 1,205,000 254,000
Amortization of debt discount/premium 530,000 748,000
Amortization of acquired in place lease value and deferred leasing costs 56,981,000 48,096,000
Amortization of acquired above market leases and acquired below market leases, net (8,831,000) (7,443,000)
Changes in assets and liabilities:    
Restricted cash 2,487,000 6,866,000
Accounts and other receivables (11,601,000) (52,851,000)
Deferred rent (60,802,000) (55,772,000)
Deferred leasing costs (16,604,000) (13,206,000)
Other assets (9,355,000) (13,107,000)
Accounts payable and other accrued liabilities 13,304,000 (7,194,000)
Security deposits and prepaid rents 11,312,000 33,634,000
Net cash provided by operating activities 454,080,000 356,536,000
Cash flows from investing activities:    
Acquisitions of real estate (154,801,000) (1,451,598,000)
Proceeds from contribution of investment properties to unconsolidated joint venture 328,569,000  
Investment in unconsolidated joint ventures (7,297,000) (37,069,000)
Investment in equity securities (17,100,000)  
Deposits paid for acquisitions of real estate (2,250,000) (500,000)
Receipt of value added tax refund 8,326,000 15,272,000
Refundable value added tax paid (11,805,000) (17,611,000)
Change in restricted cash (1,292,000) 3,227,000
Improvements to and advances for investments in real estate (882,346,000) (596,644,000)
Improvement advances to tenants (5,108,000) (2,384,000)
Proceeds from insurance settlements 8,625,000  
Collection of advances from tenants for improvements 3,978,000 2,379,000
Net cash used in investing activities (732,501,000) (2,084,928,000)
Cash flows from financing activities:    
Repayments on other secured loan   (10,500,000)
Principal payments on mortgage loans (109,661,000) (162,548,000)
Earnout payment related to Sentrum acquisition (25,783,000)  
Change in restricted cash 498,000 2,011,000
Payment of loan fees and costs (17,441,000) (8,859,000)
Capital contributions received from noncontrolling interests in consolidated joint ventures 399,000 2,323,000
Gross proceeds from the issuance of common stock   894,221,000
Gross proceeds from the issuance of preferred stock 250,000,000 182,500,000
Common stock offering costs paid (553,000) (34,310,000)
Preferred stock offering costs paid (8,489,000) (6,429,000)
Proceeds from exercise of stock options 230,000 4,173,000
Payment of dividends/distributions to preferred stockholders/unitholders (31,179,000) (28,921,000)
Payment of dividends/distributions to common stockholders/unitholders and distributions to noncontrolling interests in operating partnership (400,953,000) (334,430,000)
Purchase of noncontrolling interests in consolidated joint ventures   (12,384,000)
Net cash provided by financing activities 277,258,000 1,763,876,000
Net (decrease) increase in cash and cash equivalents (1,163,000) 35,484,000
Cash and cash equivalents at beginning of period 56,281,000 40,631,000
Cash and cash equivalents at end of period 55,118,000 76,115,000
Supplemental disclosure of cash flow information:    
Cash paid for interest, including amounts capitalized 159,746,000 135,840,000
Cash paid for income taxes 1,947,000 2,045,000
Supplementary disclosure of noncash investing and financing activities:    
Change in net assets related to foreign currency translation adjustments (6,190,000) 36,286,000
Increase in accounts payable and other accrued liabilities related to change in fair value of interest rate swaps 3,175,000 (6,794,000)
Acquisition measurement period adjustment included in accounts payable and other accrued liabilities 21,893,000  
Noncontrolling interests in operating partnership redeemed for or converted to shares of common stock 452,000 4,898,000
Preferred stock/units converted to shares of common stock/units 119,348,000 169,239,000
Accrual for additions to investments in real estate and tenant improvement advances included in accounts payable and accrued expenses 224,902,000 240,310,000
Additional accrual of contingent purchase price for investments in real estate 6,214,000 87,532,000
Allocation of purchase price of real estate/investment in partnership to:    
Investments in real estate 143,033,000 1,336,127,000
Acquired above market leases 203,000 44,402,000
Acquired below market leases (4,136,000) (80,604,000)
Acquired in place lease value and deferred leasing costs 15,701,000 158,563,000
Mortgage loans assumed, net of premium   (6,890,000)
Cash paid for acquisition of real estate 154,801,000 1,451,598,000
3.625% Notes Due 2022 [Member]
   
Cash flows from financing activities:    
Borrowings on unsecured senior notes   296,052,000
4.25% Notes Due 2025 [Member]
   
Cash flows from financing activities:    
Borrowings on unsecured senior notes 630,026,000  
Digital Realty Trust, L.P. [Member]
   
Cash flows from operating activities:    
Net income 264,782,000 160,152,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on insurance settlement (5,597,000)  
Gain on contribution of investment properties to unconsolidated joint venture (115,054,000)  
Equity in earnings of unconsolidated joint ventures (6,839,000) (6,402,000)
Change in fair value of accrued contingent consideration (13,000)  
Distributions from unconsolidated joint ventures 27,675,000 18,573,000
Write-off of net assets due to early lease terminations 56,000 1,260,000
Depreciation and amortization of buildings and improvements, tenant improvements and acquired ground leases 291,707,000 226,739,000
Amortization of share-based unearned compensation 9,344,000 9,922,000
Allowance for (recovery of) doubtful accounts 1,660,000 (74,000)
Amortization of deferred financing costs 7,733,000 6,341,000
Write-off of deferred financing costs, included in loss on early extinguishment of debt 1,205,000 254,000
Amortization of debt discount/premium 530,000 748,000
Amortization of acquired in place lease value and deferred leasing costs 56,981,000 48,096,000
Amortization of acquired above market leases and acquired below market leases, net (8,831,000) (7,443,000)
Changes in assets and liabilities:    
Restricted cash 2,487,000 6,866,000
Accounts and other receivables (11,601,000) (52,851,000)
Deferred rent (60,802,000) (55,772,000)
Deferred leasing costs (16,604,000) (13,206,000)
Other assets (9,355,000) (13,107,000)
Accounts payable and other accrued liabilities 13,304,000 (7,194,000)
Security deposits and prepaid rents 11,312,000 33,634,000
Net cash provided by operating activities 454,080,000 356,536,000
Cash flows from investing activities:    
Acquisitions of real estate (154,801,000) (1,451,598,000)
Proceeds from contribution of investment properties to unconsolidated joint venture 328,569,000  
Investment in unconsolidated joint ventures (7,297,000) (37,069,000)
Investment in equity securities (17,100,000)  
Deposits paid for acquisitions of real estate (2,250,000) (500,000)
Receipt of value added tax refund 8,326,000 15,272,000
Refundable value added tax paid (11,805,000) (17,611,000)
Change in restricted cash (1,292,000) 3,227,000
Improvements to and advances for investments in real estate (882,346,000) (596,644,000)
Improvement advances to tenants (5,108,000) (2,384,000)
Proceeds from insurance settlements 8,625,000  
Collection of advances from tenants for improvements 3,978,000 2,379,000
Net cash used in investing activities (732,501,000) (2,084,928,000)
Cash flows from financing activities:    
Repayments on other secured loan   10,500,000
Principal payments on mortgage loans (109,661,000) (162,548,000)
Earnout payment related to Sentrum acquisition (25,783,000)  
Change in restricted cash (498,000) (2,011,000)
Payment of loan fees and costs (17,441,000) (8,859,000)
Capital contributions received from noncontrolling interests in consolidated joint ventures 399,000 2,323,000
General partner contributions 241,188,000 1,040,155,000
Payment of dividends/distributions to preferred stockholders/unitholders (31,179,000) (28,921,000)
Payment of dividends/distributions to common stockholders/unitholders and distributions to noncontrolling interests in operating partnership (400,953,000) (334,430,000)
Purchase of noncontrolling interests in consolidated joint ventures   (12,384,000)
Net cash provided by financing activities 277,258,000 1,763,876,000
Net (decrease) increase in cash and cash equivalents (1,163,000) 35,484,000
Cash and cash equivalents at beginning of period 56,281,000 40,631,000
Cash and cash equivalents at end of period 55,118,000 76,115,000
Supplemental disclosure of cash flow information:    
Cash paid for interest, including amounts capitalized 159,746,000 135,840,000
Cash paid for income taxes 1,947,000 2,045,000
Supplementary disclosure of noncash investing and financing activities:    
Change in net assets related to foreign currency translation adjustments (6,190,000) 36,286,000
Increase in accounts payable and other accrued liabilities related to change in fair value of interest rate swaps 3,175,000 (6,794,000)
Acquisition measurement period adjustment included in accounts payable and other accrued liabilities 21,893,000  
Preferred stock/units converted to shares of common stock/units 119,348,000 169,239,000
Accrual for additions to investments in real estate and tenant improvement advances included in accounts payable and accrued expenses 224,902,000 240,310,000
Additional accrual of contingent purchase price for investments in real estate 6,214,000 87,532,000
Allocation of purchase price of real estate/investment in partnership to:    
Investments in real estate 143,033,000 1,336,127,000
Acquired above market leases 203,000 44,402,000
Acquired below market leases (4,136,000) (80,604,000)
Acquired in place lease value and deferred leasing costs 15,701,000 158,563,000
Mortgage loans assumed, net of premium   (6,890,000)
Cash paid for acquisition of real estate 154,801,000 1,451,598,000
Digital Realty Trust, L.P. [Member] | 3.625% Notes Due 2022 [Member]
   
Cash flows from financing activities:    
Borrowings on unsecured senior notes   296,052,000
Digital Realty Trust, L.P. [Member] | 4.25% Notes Due 2025 [Member]
   
Cash flows from financing activities:    
Borrowings on unsecured senior notes 630,026,000  
Global Revolving Credit Facility [Member]
   
Cash flows from financing activities:    
Borrowings on lines of credit 1,292,146,000 1,500,520,000
Repayments on revolving credit facility (1,497,317,000) (1,271,528,000)
Global Revolving Credit Facility [Member] | Digital Realty Trust, L.P. [Member]
   
Cash flows from financing activities:    
Borrowings on lines of credit 1,292,146,000 1,500,520,000
Repayments on revolving credit facility (1,497,317,000) (1,271,528,000)
Unsecured Term Loan [Member]
   
Cash flows from financing activities:    
Borrowings on lines of credit 195,335,000 751,985,000
Unsecured Term Loan [Member] | Digital Realty Trust, L.P. [Member]
   
Cash flows from financing activities:    
Borrowings on unsecured senior notes $ 195,335,000 $ 751,985,000