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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
OPERATING ACTIVITIES    
Net income $ 44,244 $ 59,063
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 45,992 54,837
Amortization of deferred financing costs 937 1,002
Equity in earnings of unconsolidated joint ventures (5,731) (4,914)
Distributions from unconsolidated joint ventures 0 314
Gain on property dispositions (807) (20,521)
Share-based compensation/Non-cash compensation 7,971 14,566
Other (844) (1,652)
Changes in operating assets and liabilities:    
Restricted cash 1,902 2,216
Accounts receivable 36 (4,030)
Deferred rent receivable (5,566) (5,225)
Prepaid expenses and other assets 6,856 (2,926)
Accounts payable (7,136) 3,762
Accrued interest 12,972 16,976
Other liabilities (14,444) (12,627)
Net cash provided by operating activities 86,382 100,841
INVESTING ACTIVITIES    
Investment in properties - acquisitions 0 (8,000)
Investment in properties - other (12,422) (13,314)
Investments in and advances to unconsolidated joint ventures (13,278) (14,635)
Distributions from unconsolidated joint ventures 9,427 26,684
Net proceeds from disposition of properties/land 1,874 127,727
Investment in development in progress (64,661) (76,522)
Investment in land held for development (53,660) (15,392)
Payment of deferred leasing costs (7,544) (8,200)
Investing - Other 9,016 8,095
Net cash (used in) provided by investing activities (131,248) 26,443
FINANCING ACTIVITIES    
Net proceeds from issuance of common shares 852 504
Share repurchase including shares related to tax withholdings (4,624) (44,926)
Repayments of mortgage loans (1,930) (3,101)
Proceeds from credit facility 159,000 187,000
Repayments on credit facility (44,000) (186,000)
Distribution paid on common shares (69,823) (70,104)
Distribution paid on units (1,987) (1,794)
Net cash provided by (used in) financing activities 37,488 (118,421)
Net (decrease) increase in cash and cash equivalents (7,378) 8,863
Increase (decrease) in cash and cash equivalents related to foreign currency translation 271 (553)
Cash and cash equivalents at beginning of period 43,642 35,353
Cash and cash equivalents at end of period 36,535 43,663
Liberty Property Limited Partnership [Member]    
OPERATING ACTIVITIES    
Net income 44,244 59,063
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 45,992 54,837
Amortization of deferred financing costs 937 1,002
Equity in earnings of unconsolidated joint ventures (5,731) (4,914)
Distributions from unconsolidated joint ventures 0 314
Gain on property dispositions (807) (20,521)
Share-based compensation/Non-cash compensation 7,971 14,566
Other (844) (1,652)
Changes in operating assets and liabilities:    
Restricted cash 1,902 2,216
Accounts receivable 36 (4,030)
Deferred rent receivable (5,566) (5,225)
Prepaid expenses and other assets 6,856 (2,926)
Accounts payable (7,136) 3,762
Accrued interest 12,972 16,976
Other liabilities (14,444) (12,627)
Net cash provided by operating activities 86,382 100,841
INVESTING ACTIVITIES    
Investment in properties - acquisitions 0 (8,000)
Investment in properties - other (12,422) (13,314)
Investments in and advances to unconsolidated joint ventures (13,278) (14,635)
Distributions from unconsolidated joint ventures 9,427 26,684
Net proceeds from disposition of properties/land 1,874 127,727
Investment in development in progress (64,661) (76,522)
Investment in land held for development (53,660) (15,392)
Payment of deferred leasing costs (7,544) (8,200)
Investing - Other 9,016 8,095
Net cash (used in) provided by investing activities (131,248) 26,443
FINANCING ACTIVITIES    
Repayments of mortgage loans (1,930) (3,101)
Proceeds from credit facility 159,000 187,000
Repayments on credit facility (44,000) (186,000)
Capital contributions 852 504
Distributions to partners/noncontrolling interests (76,434) (116,824)
Net cash provided by (used in) financing activities 37,488 (118,421)
Net (decrease) increase in cash and cash equivalents (7,378) 8,863
Increase (decrease) in cash and cash equivalents related to foreign currency translation 271 (553)
Cash and cash equivalents at beginning of period 43,642 35,353
Cash and cash equivalents at end of period $ 36,535 $ 43,663