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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
OPERATING ACTIVITIES    
Net income $ 59,063,000 $ 31,862,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 54,837,000 59,431,000
Amortization of deferred financing costs 1,002,000 1,073,000
Impairment - real estate assets 0 15,739,000
Equity in earnings of unconsolidated joint ventures (4,914,000) (6,906,000)
Distributions from unconsolidated joint ventures 314,000 0
Gain on property dispositions (20,521,000) (2,271,000)
Share-based compensation/Non-cash compensation 10,536,000 7,437,000
Other (1,652,000) (2,990,000)
Changes in operating assets and liabilities:    
Restricted cash 2,216,000 489,000
Accounts receivable (4,030,000) (3,670,000)
Deferred rent receivable (5,225,000) (5,504,000)
Prepaid expenses and other assets (2,926,000) (13,058,000)
Accounts payable 3,762,000 (116,000)
Accrued interest 16,976,000 12,178,000
Other liabilities (12,627,000) (3,718,000)
Net cash provided by operating activities 96,811,000 89,976,000
INVESTING ACTIVITIES    
Investment in properties - acquisitions (8,000,000) 0
Investment in properties - other (13,314,000) (12,805,000)
Investments in and advances to unconsolidated joint ventures (14,635,000) (5,822,000)
Distributions from unconsolidated joint ventures 26,684,000 6,098,000
Net proceeds from disposition of properties/land 127,727,000 40,998,000
Investment in development in progress (76,522,000) (48,001,000)
Investment in land held for development (15,392,000) (4,045,000)
Payment of deferred leasing costs (8,200,000) (9,684,000)
Investing - Other 8,095,000 (1,601,000)
Net cash provided by (used in) investing activities 26,443,000 (34,862,000)
FINANCING ACTIVITIES    
Net proceeds from issuance of common shares 504,000 12,579,000
Share repurchase 40,896,000 0
Proceeds from unsecured notes 0 398,576,000
Repayment of unsecured notes 0 (300,000,000)
Repayments of mortgage loans (3,101,000) (2,160,000)
Proceeds from credit facility 187,000,000 390,000,000
Repayments on credit facility (186,000,000) (507,000,000)
Payment of deferred financing costs 0 (3,551,000)
Distribution paid on common shares (70,104,000) (70,562,000)
Distribution paid on units (1,794,000) (1,863,000)
Net cash used in financing activities (114,391,000) (83,981,000)
Net increase (decrease) in cash and cash equivalents 8,863,000 (28,867,000)
Decrease in cash and cash equivalents related to foreign currency translation (553,000) (1,724,000)
Cash and cash equivalents at beginning of period 35,353,000 69,346,000
Cash and cash equivalents at end of period 43,663,000 38,755,000
Liberty Property Limited Partnership [Member]    
OPERATING ACTIVITIES    
Net income 59,063,000 31,862,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 54,837,000 59,431,000
Amortization of deferred financing costs 1,002,000 1,073,000
Impairment - real estate assets 0 15,739,000
Equity in earnings of unconsolidated joint ventures (4,914,000) (6,906,000)
Distributions from unconsolidated joint ventures 314,000 0
Gain on property dispositions (20,521,000) (2,271,000)
Share-based compensation/Non-cash compensation 10,536,000 7,437,000
Other (1,652,000) (2,990,000)
Changes in operating assets and liabilities:    
Restricted cash 2,216,000 489,000
Accounts receivable (4,030,000) (3,670,000)
Deferred rent receivable (5,225,000) (5,504,000)
Prepaid expenses and other assets (2,926,000) (13,058,000)
Accounts payable 3,762,000 (116,000)
Accrued interest 16,976,000 12,178,000
Other liabilities (12,627,000) (3,718,000)
Net cash provided by operating activities 96,811,000 89,976,000
INVESTING ACTIVITIES    
Investment in properties - acquisitions (8,000,000) 0
Investment in properties - other (13,314,000) (12,805,000)
Investments in and advances to unconsolidated joint ventures (14,635,000) (5,822,000)
Distributions from unconsolidated joint ventures 26,684,000 6,098,000
Net proceeds from disposition of properties/land 127,727,000 40,998,000
Investment in development in progress (76,522,000) (48,001,000)
Investment in land held for development (15,392,000) (4,045,000)
Payment of deferred leasing costs (8,200,000) (9,684,000)
Investing - Other 8,095,000 (1,601,000)
Net cash provided by (used in) investing activities 26,443,000 (34,862,000)
FINANCING ACTIVITIES    
Proceeds from unsecured notes 0 398,576,000
Repayment of unsecured notes 0 (300,000,000)
Repayments of mortgage loans (3,101,000) (2,160,000)
Proceeds from credit facility 187,000,000 390,000,000
Repayments on credit facility (186,000,000) (507,000,000)
Payment of deferred financing costs 0 (3,551,000)
Capital contributions 504,000 12,579,000
Distributions to partners (112,794,000) (72,425,000)
Net cash used in financing activities (114,391,000) (83,981,000)
Net increase (decrease) in cash and cash equivalents 8,863,000 (28,867,000)
Decrease in cash and cash equivalents related to foreign currency translation (553,000) (1,724,000)
Cash and cash equivalents at beginning of period 35,353,000 69,346,000
Cash and cash equivalents at end of period $ 43,663,000 $ 38,755,000