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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
OPERATING ACTIVITIES    
Net income $ 110,120,000 $ 68,388,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 109,047,000 117,160,000
Amortization of deferred financing costs 2,004,000 2,168,000
Impairment - real estate assets 0 16,775,000
Equity in earnings of unconsolidated joint ventures (10,497,000) (1,652,000)
Distributions from unconsolidated joint ventures 0 4,441,000
Gain on property dispositions (24,353,000) (3,520,000)
Share-based compensation/Non-cash compensation 11,553,000 9,504,000
Other (4,424,000) (6,750,000)
Changes in operating assets and liabilities:    
Restricted cash 3,390,000 2,541,000
Accounts receivable 1,794,000 665,000
Deferred rent receivable (8,897,000) (11,319,000)
Prepaid expenses and other assets 312,000 (16,540,000)
Accounts payable 3,877,000 (5,647,000)
Accrued interest 342,000 2,663,000
Other liabilities (17,342,000) (5,780,000)
Net cash provided by operating activities 176,926,000 173,097,000
INVESTING ACTIVITIES    
Investment in properties - acquisitions (8,000,000) (36,714,000)
Investment in properties - other (30,338,000) (33,585,000)
Investments in and advances to unconsolidated joint ventures (31,372,000) (17,182,000)
Distributions from unconsolidated joint ventures 35,250,000 7,979,000
Net proceeds from disposition of properties/land 139,814,000 156,891,000
Investment in development in progress (175,744,000) (78,120,000)
Investment in land held for development (36,855,000) (23,150,000)
Payment of deferred leasing costs (15,057,000) (23,395,000)
Investing - Other 7,842,000 5,154,000
Net cash used in investing activities (114,460,000) (42,122,000)
FINANCING ACTIVITIES    
Net proceeds from issuance of common shares 4,341,000 25,227,000
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 (22,123,000) (4,567,000)
Proceeds from credit facility 338,300,000 613,200,000
Repayments on credit facility (202,300,000) (710,200,000)
Payment of deferred financing costs 0 (3,551,000)
Distribution paid on common shares (139,742,000) (141,395,000)
Distribution paid on units (3,847,000) (3,821,000)
Net cash used in financing activities (66,267,000) (126,531,000)
Net (decrease) increase in cash and cash equivalents (3,801,000) 4,444,000
Decrease in cash and cash equivalents related to foreign currency translation (2,212,000) (737,000)
Cash and cash equivalents at beginning of period 35,353,000 69,346,000
Cash and cash equivalents at end of period 29,340,000 73,053,000
Liberty Property Limited Partnership [Member]    
OPERATING ACTIVITIES    
Net income 110,120,000 68,388,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 109,047,000 117,160,000
Amortization of deferred financing costs 2,004,000 2,168,000
Impairment - real estate assets 0 16,775,000
Equity in earnings of unconsolidated joint ventures (10,497,000) (1,652,000)
Distributions from unconsolidated joint ventures 0 4,441,000
Gain on property dispositions (24,353,000) (3,520,000)
Share-based compensation/Non-cash compensation 11,553,000 9,504,000
Other (4,424,000) (6,750,000)
Changes in operating assets and liabilities:    
Restricted cash 3,390,000 2,541,000
Accounts receivable 1,794,000 665,000
Deferred rent receivable (8,897,000) (11,319,000)
Prepaid expenses and other assets 312,000 (16,540,000)
Accounts payable 3,877,000 (5,647,000)
Accrued interest 342,000 2,663,000
Other liabilities (17,342,000) (5,780,000)
Net cash provided by operating activities 176,926,000 173,097,000
INVESTING ACTIVITIES    
Investment in properties - acquisitions (8,000,000) (36,714,000)
Investment in properties - other (30,338,000) (33,585,000)
Investments in and advances to unconsolidated joint ventures (31,372,000) (17,182,000)
Distributions from unconsolidated joint ventures 35,250,000 7,979,000
Net proceeds from disposition of properties/land 139,814,000 156,891,000
Investment in development in progress (175,744,000) (78,120,000)
Investment in land held for development (36,855,000) (23,150,000)
Payment of deferred leasing costs (15,057,000) (23,395,000)
Investing - Other 7,842,000 5,154,000
Net cash used in investing activities (114,460,000) (42,122,000)
FINANCING ACTIVITIES    
Proceeds from unsecured notes 0 398,576,000
Repayment of unsecured notes 0 (300,000,000)
Repayments of mortgage loans (22,123,000) (4,567,000)
Proceeds from credit facility 338,300,000 613,200,000
Repayments on credit facility (202,300,000) (710,200,000)
Payment of deferred financing costs 0 (3,551,000)
Capital contributions 4,341,000 25,227,000
Distributions to partners (184,485,000) (145,216,000)
Net cash used in financing activities (66,267,000) (126,531,000)
Net (decrease) increase in cash and cash equivalents (3,801,000) 4,444,000
Decrease in cash and cash equivalents related to foreign currency translation (2,212,000) (737,000)
Cash and cash equivalents at beginning of period 35,353,000 69,346,000
Cash and cash equivalents at end of period $ 29,340,000 $ 73,053,000