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Consolidated Statements of Cash Flows (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
OPERATING ACTIVITIES  
Net income$ 169,465$ 116,842
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation and amortization128,828130,158
Amortization of deferred financing costs3,9484,735
Equity in earnings of unconsolidated joint ventures(2,470)(1,562)
Distributions from unconsolidated joint ventures350517
Gain on property dispositions(58,083)(9,192)
Noncash compensation8,05210,011
Changes in operating assets and liabilities:  
Restricted cash(16,792)744
Accounts receivable(2,370)(3,553)
Deferred rent receivable(5,361)(11,124)
Prepaid expenses and other assets(4,037)(18,431)
Accounts payable16,60211,669
Accrued interest3,236(5,336)
Other liabilities(2,936)(5,984)
Net cash provided by operating activities238,432219,494
INVESTING ACTIVITIES  
Investment in properties - acquisitions(124,823)(35,080)
Investment in properties - other(51,615)(56,325)
Investments in and advances to unconsolidated joint ventures(11,309)(1,426)
Distributions from unconsolidated joint ventures9,2574,774
Net proceeds from disposition of properties/land361,15423,990
Net proceeds from public reimbursement receivable/escrow(18,274)20,609
Investment in development in progress(25,194)(7,481)
Investment in land held for development(18,475)(4,779)
Investment in deferred leasing costs(16,662)(22,991)
Net cash provided by (used in) investing activities104,059(78,709)
FINANCING ACTIVITIES  
Net proceeds from issuance of Common Shares33,39622,123
Proceeds from Issuance of Unsecured Debt0350,000
Repayments of unsecured notes(246,500)(169,739)
Proceeds from mortgage loans0743
Repayments of mortgage loans(28,407)(136,331)
Proceeds from credit facility302,900338,500
Repayments on credit facility(302,900)(478,500)
Increase in deferred financing costs(13)(9,217)
Distribution paid on Common Shares(163,658)(161,043)
Distribution paid on units(21,317)(21,570)
Net cash used in financing activities(426,499)(265,034)
Net decrease in cash and cash equivalents(84,008)(124,249)
Increase (decrease) in cash and cash equivalents related to foreign currency translation15(1,256)
Cash and cash equivalents at beginning of period108,409237,446
Cash and cash equivalents at end of period24,416111,941
Liberty Property Limited Partnership [Member]
  
OPERATING ACTIVITIES  
Net income169,465116,842
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation and amortization128,828130,158
Amortization of deferred financing costs3,9484,735
Equity in earnings of unconsolidated joint ventures(2,470)(1,562)
Distributions from unconsolidated joint ventures350517
Gain on property dispositions(58,083)(9,192)
Noncash compensation8,05210,011
Changes in operating assets and liabilities:  
Restricted cash(16,792)744
Accounts receivable(2,370)(3,553)
Deferred rent receivable(5,361)(11,124)
Prepaid expenses and other assets(4,037)(18,431)
Accounts payable16,60211,669
Accrued interest3,236(5,336)
Other liabilities(2,936)(5,984)
Net cash provided by operating activities238,432219,494
INVESTING ACTIVITIES  
Investment in properties - acquisitions(124,823)(35,080)
Investment in properties - other(51,615)(56,325)
Investments in and advances to unconsolidated joint ventures(11,309)(1,426)
Distributions from unconsolidated joint ventures9,2574,774
Net proceeds from disposition of properties/land361,15423,990
Net proceeds from public reimbursement receivable/escrow(18,274)20,609
Investment in development in progress(25,194)(7,481)
Investment in land held for development(18,475)(4,779)
Investment in deferred leasing costs(16,662)(22,991)
Net cash provided by (used in) investing activities104,059(78,709)
FINANCING ACTIVITIES  
Proceeds from Issuance of Unsecured Debt0350,000
Repayments of unsecured notes(246,500)(169,739)
Proceeds from mortgage loans0743
Repayments of mortgage loans(28,407)(136,331)
Proceeds from credit facility302,900338,500
Repayments on credit facility(302,900)(478,500)
Increase in deferred financing costs(13)(9,217)
Capital contributions33,39622,123
Distributions to partners(184,975)(182,613)
Net cash used in financing activities(426,499)(265,034)
Net decrease in cash and cash equivalents(84,008)(124,249)
Increase (decrease) in cash and cash equivalents related to foreign currency translation15(1,256)
Cash and cash equivalents at beginning of period108,409237,446
Cash and cash equivalents at end of period$ 24,416$ 111,941