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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
OPERATING ACTIVITIES    
Net income $ 97,062 $ 110,120
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 92,310 109,047
Amortization of deferred financing costs 1,874 2,004
Equity in earnings of unconsolidated joint ventures (9,721) (10,497)
Gain on property dispositions (6,702) (24,353)
Share-based compensation/Non-cash compensation 10,500 15,663
Other (1,712) (4,424)
Changes in operating assets and liabilities:    
Restricted cash (5,102) 3,390
Accounts receivable 630 1,794
Deferred rent receivable (10,851) (8,897)
Prepaid expenses and other assets 10,459 312
Accounts payable (4,154) 3,877
Accrued interest (160) 342
Other liabilities 3,399 (17,342)
Net cash provided by operating activities 177,832 181,036
INVESTING ACTIVITIES    
Investment in properties - acquisitions (19,838) (8,000)
Investment in properties - other (25,562) (30,338)
Investments in and advances to unconsolidated joint ventures (25,333) (31,372)
Distributions from unconsolidated joint ventures 12,178 35,250
Net proceeds from disposition of properties/land 26,220 139,814
Investment in development in progress (136,030) (175,744)
Investment in land held for development (87,255) (36,855)
Payment of deferred leasing costs (18,750) (15,057)
Investing - Other 26,315 7,842
Net cash used in investing activities (248,055) (114,460)
FINANCING ACTIVITIES    
Net proceeds from issuance of common shares 4,223 4,341
Share repurchase including shares related to tax withholdings (4,668) (45,006)
Repayments of mortgage loans (3,876) (22,123)
Proceeds from credit facility 284,000 338,300
Repayments on credit facility (107,000) (202,300)
Distribution paid on common shares (128,703) (139,742)
Distribution paid on units (3,569) (3,847)
Net cash provided by (used in) financing activities 40,407 (70,377)
Net decrease in cash and cash equivalents (29,816) (3,801)
Increase (decrease) in cash and cash equivalents related to foreign currency translation 922 (2,212)
Cash and cash equivalents at beginning of period 43,642 35,353
Cash and cash equivalents at end of period 14,748 29,340
Liberty Property Limited Partnership [Member]    
OPERATING ACTIVITIES    
Net income 97,062 110,120
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 92,310 109,047
Amortization of deferred financing costs 1,874 2,004
Equity in earnings of unconsolidated joint ventures (9,721) (10,497)
Gain on property dispositions (6,702) (24,353)
Share-based compensation/Non-cash compensation 10,500 15,663
Other (1,712) (4,424)
Changes in operating assets and liabilities:    
Restricted cash (5,102) 3,390
Accounts receivable 630 1,794
Deferred rent receivable (10,851) (8,897)
Prepaid expenses and other assets 10,459 312
Accounts payable (4,154) 3,877
Accrued interest (160) 342
Other liabilities 3,399 (17,342)
Net cash provided by operating activities 177,832 181,036
INVESTING ACTIVITIES    
Investment in properties - acquisitions (19,838) (8,000)
Investment in properties - other (25,562) (30,338)
Investments in and advances to unconsolidated joint ventures (25,333) (31,372)
Distributions from unconsolidated joint ventures 12,178 35,250
Net proceeds from disposition of properties/land 26,220 139,814
Investment in development in progress (136,030) (175,744)
Investment in land held for development (87,255) (36,855)
Payment of deferred leasing costs (18,750) (15,057)
Investing - Other 26,315 7,842
Net cash used in investing activities (248,055) (114,460)
FINANCING ACTIVITIES    
Repayments of mortgage loans (3,876) (22,123)
Proceeds from credit facility 284,000 338,300
Repayments on credit facility (107,000) (202,300)
Capital contributions 4,223 4,341
Distributions to partners/noncontrolling interests (136,940) (188,595)
Net cash provided by (used in) financing activities 40,407 (70,377)
Net decrease in cash and cash equivalents (29,816) (3,801)
Increase (decrease) in cash and cash equivalents related to foreign currency translation 922 (2,212)
Cash and cash equivalents at beginning of period 43,642 35,353
Cash and cash equivalents at end of period $ 14,748 $ 29,340