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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
OPERATING ACTIVITIES    
Net income $ 143,725 $ 44,244
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 45,144 45,992
Amortization of deferred financing costs 967 937
Expensed pursuit costs 324 32
Equity in earnings of unconsolidated joint ventures (6,764) (5,731)
Gain on property dispositions (94,170) (807)
Share-based compensation/Non-cash compensation 9,633 7,971
Other 2,206 (844)
Changes in operating assets and liabilities:    
Accounts receivable (706) 36
Deferred rent receivable (4,944) (5,566)
Prepaid expenses and other assets 20,312 6,824
Accounts payable (9,003) (7,136)
Accrued interest 13,059 12,972
Other liabilities (26,084) (14,444)
Net cash provided by operating activities 93,699 84,480
INVESTING ACTIVITIES    
Investment in properties - acquisitions (95,027) 0
Investment in properties - other (3,603) (12,422)
Investments in and advances to unconsolidated joint ventures (66,420) (13,278)
Distributions from unconsolidated joint ventures 11,521 9,427
Net proceeds from disposition of properties/land 184,233 1,874
Investment in development in progress (51,932) (64,661)
Investment in land held for development (18,234) (53,660)
Payment of deferred leasing costs (2,183) (7,544)
Release of escrows and other 126,745 9,016
Net cash provided by (used in) investing activities 85,100 (131,248)
FINANCING ACTIVITIES    
Net proceeds from issuance of common shares 3,267 852
Share repurchase including shares related to tax withholdings (4,402) (4,624)
Repayments of mortgage loans (1,714) (1,930)
Proceeds from credit facility 312,993 159,000
Repayments on credit facility (414,757) (44,000)
Distribution paid on common shares (58,980) (69,823)
Distributions to partners/noncontrolling interests (1,651) (1,987)
Net cash (used in) provided by financing activities (165,244) 37,488
Net increase (decrease) in cash, cash equivalents and restricted cash 13,555 (9,280)
Increase in cash, cash equivalents and restricted cash related to foreign currency translation 506 470
Cash, cash equivalents and restricted cash at beginning of period 25,685 56,025
Cash, cash equivalents and restricted cash at end of period 39,746 47,215
Liberty Property Limited Partnership [Member]    
OPERATING ACTIVITIES    
Net income 143,725 44,244
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 45,144 45,992
Amortization of deferred financing costs 967 937
Expensed pursuit costs 324 32
Equity in earnings of unconsolidated joint ventures (6,764) (5,731)
Gain on property dispositions (94,170) (807)
Share-based compensation/Non-cash compensation 9,633 7,971
Other 2,206 (844)
Changes in operating assets and liabilities:    
Accounts receivable (706) 36
Deferred rent receivable (4,944) (5,566)
Prepaid expenses and other assets 20,312 6,824
Accounts payable (9,003) (7,136)
Accrued interest 13,059 12,972
Other liabilities (26,084) (14,444)
Net cash provided by operating activities 93,699 84,480
INVESTING ACTIVITIES    
Investment in properties - acquisitions (95,027) 0
Investment in properties - other (3,603) (12,422)
Investments in and advances to unconsolidated joint ventures (66,420) (13,278)
Distributions from unconsolidated joint ventures 11,521 9,427
Net proceeds from disposition of properties/land 184,233 1,874
Investment in development in progress (51,932) (64,661)
Investment in land held for development (18,234) (53,660)
Payment of deferred leasing costs (2,183) (7,544)
Release of escrows and other 126,745 9,016
Net cash provided by (used in) investing activities 85,100 (131,248)
FINANCING ACTIVITIES    
Repayments of mortgage loans (1,714) (1,930)
Proceeds from credit facility 312,993 159,000
Repayments on credit facility (414,757) (44,000)
Capital contributions 3,267 852
Distributions to partners/noncontrolling interests (65,033) (76,434)
Net cash (used in) provided by financing activities (165,244) 37,488
Net increase (decrease) in cash, cash equivalents and restricted cash 13,555 (9,280)
Increase in cash, cash equivalents and restricted cash related to foreign currency translation 506 470
Cash, cash equivalents and restricted cash at beginning of period 25,685 56,025
Cash, cash equivalents and restricted cash at end of period $ 39,746 $ 47,215