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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flow from operating activities    
Net income $ 36,697 $ 26,333
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 25,843 25,027
Straight line rent (1,737) 3,783
Amortization of Deferred financing costs 845 642
Amortization of lease contracts above and below market value (116) (593)
Compensation paid with Company common shares 1,769 5,290
Changes in operating assets and liabilities    
Rents and other receivables (97) (3,599)
Deferred costs (1,611) (1,474)
Prepaid expenses and other assets 61 (2,052)
Accounts payable and accrued liabilities (4,599) 1,916
Accrued interest payable (5,309) (8,816)
Prepaid rents and other liabilities (407) 2,635
Net cash provided by operating activities 51,339 49,092
Cash flow from investing activities    
Investments in real estate – development (52,302) (57,584)
Land acquisition costs - related party (20,168) 0
Interest capitalized for real estate under development (3,183) (2,856)
Improvements to real estate (2,099) (574)
Additions to non-real estate property (123) (176)
Net cash used in investing activities (77,875) (61,190)
Line of credit:    
Proceeds 60,000 90,000
Repayments of Lines of Credit (60,000) 0
Proceeds from Issuance of Common Stock 275,797 0
Equity compensation (payments) proceeds 7,007 (7,489)
Payments for Repurchase of Common Stock 0 (31,912)
Dividends and distributions:    
Common shares (31,070) (27,745)
Preferred shares (6,811) (6,811)
Redeemable noncontrolling interests – operating partnership (7,084) (6,484)
Net cash provided by financing activities 237,839 9,559
Net increase (decrease) in cash and cash equivalents 211,303 (2,539)
Cash and cash equivalents, beginning 31,230 29,598
Cash and cash equivalents, ending 242,533 27,059
Supplemental information:    
Cash paid for interest 20,063 19,930
Deferred financing costs capitalized for real estate under development 217 231
Construction costs payable capitalized for real estate under development 21,247 25,482
Redemption of operating partnership units 6,101 598
Adjustments to redeemable noncontrolling interests – operating partnership 131,582 (5,878)
DuPont Fabros Technology, L.P. [Member]    
Cash flow from operating activities    
Net income 36,697 26,333
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 25,843 25,027
Straight line rent (1,737) 3,783
Amortization of Deferred financing costs 845 642
Amortization of lease contracts above and below market value (116) (593)
Compensation paid with Company common shares 1,769 5,290
Changes in operating assets and liabilities    
Rents and other receivables (97) (3,599)
Deferred costs (1,611) (1,474)
Prepaid expenses and other assets 61 (2,052)
Accounts payable and accrued liabilities (4,599) 1,916
Accrued interest payable (5,309) (8,816)
Prepaid rents and other liabilities (407) 2,635
Net cash provided by operating activities 51,339 49,092
Cash flow from investing activities    
Investments in real estate – development (52,302) (57,584)
Land acquisition costs - related party (20,168) 0
Interest capitalized for real estate under development (3,183) (2,856)
Improvements to real estate (2,099) (574)
Additions to non-real estate property (123) (176)
Net cash used in investing activities (77,875) (61,190)
Line of credit:    
Proceeds 60,000 90,000
Repayments of Lines of Credit (60,000) 0
Proceeds from Issuance of Common Stock 275,797 0
Equity compensation (payments) proceeds 7,007 (7,489)
Payments for Repurchase of Common Stock 0 (31,912)
Distributions (44,965) (41,040)
Dividends and distributions:    
Net cash provided by financing activities 237,839 9,559
Net increase (decrease) in cash and cash equivalents 211,303 (2,539)
Cash and cash equivalents, beginning 27,015 25,380
Cash and cash equivalents, ending 238,318 22,841
Supplemental information:    
Cash paid for interest 20,063 19,930
Deferred financing costs capitalized for real estate under development 217 231
Construction costs payable capitalized for real estate under development 21,247 25,482
Redemption of operating partnership units 6,101 598
Adjustments to redeemable noncontrolling interests – operating partnership $ 130,066 $ (8,635)