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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net income $ 302,760 $ 432,644 $ 387,268
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation of buildings and tenant improvements 297,158 272,422 256,250
Amortization of deferred leasing and other costs 55,855 54,801 55,967
Amortization of deferred financing costs 9,155 6,536 5,867
Straight-line rental income and expense, net (25,865) (21,197) (24,605)
Impairment charges 5,626 0 0
Loss on debt extinguishment 32,900 6,320 388
Gain (Loss) on Involuntary Conversion (4,312) (2,259) 0
Gains on land and property sales (138,269) (242,543) (219,114)
Third-party construction contracts, net (2,511) 9,254 (15,400)
Other accrued revenues and expenses, net 29,333 8,476 47,711
Operating distributions received in excess of (less than) equity in earnings from unconsolidated joint ventures 4,606 (18,556) (9,925)
Net cash provided by operating activities 566,436 505,898 484,407
Cash flows from investing activities:      
Development of real estate investments (573,544) (446,801) (577,383)
Payments to Acquire Commercial Real Estate (383,672) (210,224) (348,107)
Acquisition of land and other real estate assets (248,413) (388,202) (244,262)
Second generation tenant improvements, leasing costs and building improvements (41,099) (47,549) (53,474)
Other deferred leasing costs (45,545) (38,509) (39,380)
Other assets (4,868) (10,777) (14,535)
Proceeds from the repayments of notes receivable from property sales 110,000 162,550 154,107
Proceeds from land and property sales, net 336,255 432,662 511,391
Capital distributions from unconsolidated joint ventures 876 26,272 23,133
Capital contributions and advances to unconsolidated joint ventures (6,211) (34,496) (5,920)
Net cash used for investing activities (856,221) (555,074) (594,430)
Cash flows from financing activities:      
Proceeds from issuance of common shares, net 187,856 272,761 34,913
Proceeds from unsecured debt 663,123 582,284 450,000
Payments on unsecured debt (546,972) (255,812) (7,190)
Proceeds from secured debt financings 18,400 0 0
Payments on secured indebtedness including principal amortization (13,457) (45,515) (232,234)
Borrowings (repayments) on line of credit, net 295,000 (30,000) 30,000
Distributions to common shareholders (355,287) (318,702) (291,502)
Distributions to noncontrolling interests, net (3,347) (2,648) (2,456)
Tax payments on stock-based compensation awards (4,360) (6,825) (8,459)
Change in book overdrafts 1,941 138 (22,088)
Cash settlement of interest rate swaps 0 (35,569) 0
Other financing activities 163 (10,183) 0
Deferred financing costs (7,483) (4,839) (9,071)
Net cash provided by (used for) financing activities 235,577 145,090 (58,087)
Net (decrease) increase in cash, cash equivalents and restricted cash (54,208) 95,914 (168,110)
Cash, cash equivalents and restricted cash at beginning of year (121,431) (25,517) (193,627)
Cash, cash equivalents and restricted cash at end of year 67,223 121,431 25,517
Non-cash investing and financing activities:      
Lease liabilities arising from right-of-use assets 20,883 40,467 0
Carrying amount of pre-existing ownership interest in acquired property 0 0 5,034
Non-cash property contribution from noncontrolling interests 0 0 3,200
Assumption of indebtedness and other liabilities in real estate acquisitions 39,966 0 0
Conversion of Limited Partner Units to common shares 0 1,624 (269)
Duke Realty Limited Partnership [Member]      
Cash flows from operating activities:      
Net income 302,760 432,644 387,268
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation of buildings and tenant improvements 297,158 272,422 256,250
Amortization of deferred leasing and other costs 55,855 54,801 55,967
Amortization of deferred financing costs 9,155 6,536 5,867
Straight-line rental income and expense, net (25,865) (21,197) (24,605)
Impairment charges 5,626 0 0
Loss on debt extinguishment 32,900 6,320 388
Gain (Loss) on Involuntary Conversion (4,312) (2,259) 0
Gains on land and property sales (138,269) (242,543) (219,114)
Third-party construction contracts, net (2,511) 9,254 (15,400)
Other accrued revenues and expenses, net 29,333 8,476 47,711
Operating distributions received in excess of (less than) equity in earnings from unconsolidated joint ventures 4,606 (18,556) (9,925)
Net cash provided by operating activities 566,436 505,898 484,407
Cash flows from investing activities:      
Development of real estate investments (573,544) (446,801) (577,383)
Payments to Acquire Commercial Real Estate (383,672) (210,224) (348,107)
Acquisition of land and other real estate assets (248,413) (388,202) (244,262)
Second generation tenant improvements, leasing costs and building improvements (41,099) (47,549) (53,474)
Other deferred leasing costs (45,545) (38,509) (39,380)
Other assets (4,868) (10,777) (14,535)
Proceeds from the repayments of notes receivable from property sales 110,000 162,550 154,107
Proceeds from land and property sales, net 336,255 432,662 511,391
Capital distributions from unconsolidated joint ventures 876 26,272 23,133
Capital contributions and advances to unconsolidated joint ventures (6,211) (34,496) (5,920)
Net cash used for investing activities (856,221) (555,074) (594,430)
Cash flows from financing activities:      
Contributions from the General Partner 187,856 272,761 34,913
Proceeds from unsecured debt 663,123 582,284 450,000
Payments on unsecured debt (546,972) (255,812) (7,190)
Proceeds from secured debt financings 18,400 0 0
Payments on secured indebtedness including principal amortization (13,457) (45,515) (232,234)
Borrowings (repayments) on line of credit, net 295,000 (30,000) 30,000
Distributions to common shareholders (358,484) (321,469) (294,233)
Distributions to noncontrolling interests, net (150) 119 275
Tax payments on stock-based compensation awards (4,360) (6,825) (8,459)
Change in book overdrafts 1,941 138 (22,088)
Cash settlement of interest rate swaps 0 (35,569) 0
Other financing activities 163 (10,183) 0
Deferred financing costs (7,483) (4,839) (9,071)
Net cash provided by (used for) financing activities 235,577 145,090 (58,087)
Net (decrease) increase in cash, cash equivalents and restricted cash (54,208) 95,914 (168,110)
Cash, cash equivalents and restricted cash at beginning of year (121,431) (25,517) (193,627)
Cash, cash equivalents and restricted cash at end of year 67,223 121,431 25,517
Non-cash investing and financing activities:      
Lease liabilities arising from right-of-use assets 20,883 40,467 0
Carrying amount of pre-existing ownership interest in acquired property 0 0 5,034
Non-cash property contribution from noncontrolling interests 0 0 3,200
Assumption of indebtedness and other liabilities in real estate acquisitions 39,966 0 0
Conversion of Limited Partner Units to common shares $ 0 $ 1,624 $ (269)