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Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
OPERATING ACTIVITIES    
Net income $ 165,854,000 $ 162,085,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 156,562,000 173,726,000
Amortization of deferred financing costs 3,068,000 3,249,000
Impairment - real estate assets 0 16,775,000
Loss on debt extinguishment 3,494,000 0
Equity in earnings of unconsolidated joint ventures (19,540,000) (805,000)
Distributions from unconsolidated joint ventures 0 2,490,000
Gain on property dispositions (25,671,000) (56,987,000)
Share-based compensation/Non-cash compensation 12,841,000 10,709,000
Other (5,326,000) (8,143,000)
Changes in operating assets and liabilities:    
Restricted cash 4,059,000 4,914,000
Accounts receivable (4,980,000) 1,023,000
Deferred rent receivable (12,948,000) (17,122,000)
Prepaid expenses and other assets (22,172,000) (20,182,000)
Accounts payable 21,343,000 8,312,000
Accrued interest 12,800,000 19,258,000
Other liabilities (2,561,000) 371,000
Net cash provided by operating activities 286,823,000 299,673,000
INVESTING ACTIVITIES    
Investment in properties - acquisitions (9,278,000) (100,756,000)
Investment in properties - other (44,017,000) (58,038,000)
Investments in and advances to unconsolidated joint ventures (50,460,000) (30,609,000)
Distributions from unconsolidated joint ventures 49,372,000 23,093,000
Net proceeds from disposition of properties/land 142,808,000 243,943,000
Investment in development in progress (259,193,000) (123,547,000)
Investment in land held for development (70,809,000) (101,934,000)
Payment of deferred leasing costs (22,306,000) (34,404,000)
Investing - Other 4,874,000 (6,366,000)
Net cash used in investing activities (259,009,000) (188,618,000)
FINANCING ACTIVITIES    
Net proceeds from issuance of common shares 11,967,000 38,195,000
Share repurchase (40,896,000) (65,463,000)
Proceeds from unsecured notes 396,648,000 398,576,000
Repayment of unsecured notes including prepayment premium (303,673,000) (300,000,000)
Repayments of mortgage loans (25,260,000) (112,970,000)
Proceeds from credit facility 466,300,000 919,700,000
Repayments on credit facility (305,300,000) (786,700,000)
Payment of deferred financing costs (2,600,000) (3,478,000)
Distribution paid on common shares (209,428,000) (212,402,000)
Distribution paid on units (5,690,000) (5,704,000)
Net cash used in financing activities (17,932,000) (130,246,000)
Net increase (decrease) in cash and cash equivalents 9,882,000 (19,191,000)
Decrease in cash and cash equivalents related to foreign currency translation (2,945,000) (1,503,000)
Cash and cash equivalents at beginning of period 35,353,000 69,346,000
Cash and cash equivalents at end of period 42,290,000 48,652,000
Liberty Property Limited Partnership [Member]    
OPERATING ACTIVITIES    
Net income 165,854,000 162,085,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 156,562,000 173,726,000
Amortization of deferred financing costs 3,068,000 3,249,000
Impairment - real estate assets 0 16,775,000
Loss on debt extinguishment 3,494,000 0
Equity in earnings of unconsolidated joint ventures (19,540,000) (805,000)
Distributions from unconsolidated joint ventures 0 2,490,000
Gain on property dispositions (25,671,000) (56,987,000)
Share-based compensation/Non-cash compensation 12,841,000 10,709,000
Other (5,326,000) (8,143,000)
Changes in operating assets and liabilities:    
Restricted cash 4,059,000 4,914,000
Accounts receivable (4,980,000) 1,023,000
Deferred rent receivable (12,948,000) (17,122,000)
Prepaid expenses and other assets (22,172,000) (20,182,000)
Accounts payable 21,343,000 8,312,000
Accrued interest 12,800,000 19,258,000
Other liabilities (2,561,000) 371,000
Net cash provided by operating activities 286,823,000 299,673,000
INVESTING ACTIVITIES    
Investment in properties - acquisitions (9,278,000) (100,756,000)
Investment in properties - other (44,017,000) (58,038,000)
Investments in and advances to unconsolidated joint ventures (50,460,000) (30,609,000)
Distributions from unconsolidated joint ventures 49,372,000 23,093,000
Net proceeds from disposition of properties/land 142,808,000 243,943,000
Investment in development in progress (259,193,000) (123,547,000)
Investment in land held for development (70,809,000) (101,934,000)
Payment of deferred leasing costs (22,306,000) (34,404,000)
Investing - Other 4,874,000 (6,366,000)
Net cash used in investing activities (259,009,000) (188,618,000)
FINANCING ACTIVITIES    
Proceeds from unsecured notes 396,648,000 398,576,000
Repayment of unsecured notes including prepayment premium (303,673,000) (300,000,000)
Repayments of mortgage loans (25,260,000) (112,970,000)
Proceeds from credit facility 466,300,000 919,700,000
Repayments on credit facility (305,300,000) (786,700,000)
Payment of deferred financing costs (2,600,000) (3,478,000)
Capital contributions 11,967,000 38,195,000
Distributions to partners (256,014,000) (283,569,000)
Net cash used in financing activities (17,932,000) (130,246,000)
Net increase (decrease) in cash and cash equivalents 9,882,000 (19,191,000)
Decrease in cash and cash equivalents related to foreign currency translation (2,945,000) (1,503,000)
Cash and cash equivalents at beginning of period 35,353,000 69,346,000
Cash and cash equivalents at end of period $ 42,290,000 $ 48,652,000