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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
OPERATING ACTIVITIES    
Net income $ 139,664 $ 147,847
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 176,207 137,302
Amortization of deferred financing costs 3,727 2,952
Equity in earnings of unconsolidated joint ventures (7,297) (3,973)
Distributions from unconsolidated joint ventures 0 613
Gain on property dispositions (48,170) (49,367)
Share-based compensation 10,422 8,174
Other (5,202) (6,248)
Changes in operating assets and liabilities:    
Restricted cash 28,469 (2,703)
Accounts receivable (4,771) 231
Deferred rent receivable (11,928) (6,171)
Prepaid expenses and other assets (38,882) (50,389)
Accounts payable 18,824 15,494
Accrued interest 15,500 18,922
Other liabilities (26,232) 2,352
Net cash provided by operating activities 250,331 215,036
INVESTING ACTIVITIES    
Investment in operating properties - acquisitions (97,677) (161,404)
Investment in operating properties - other (61,480) (40,433)
Investments in and advances to unconsolidated joint ventures (13,894) (11,736)
Distributions from unconsolidated joint ventures 10,213 6,825
Net proceeds from disposition of properties/land 351,301 134,024
Net proceeds from public reimbursement receivable/escrow 5,501 12,943
Investment in development in progress (222,484) (81,736)
Investment in land held for development (73,547) (34,642)
Investment in deferred leasing costs (28,409) (22,996)
Net cash used in investing activities (130,476) (199,155)
FINANCING ACTIVITIES    
Net proceeds from issuance of common shares 44,097 954,481
Redemption of preferred units 0 (64,500)
Proceeds from unsecured notes 0 448,646
Redemption of unsecured notes (200,000) 0
Proceeds from mortgage loans 0 10,401
Repayments of mortgage loans (9,329) (3,977)
Proceeds from credit facility 179,750 344,050
Repayments on credit facility (38,800) (436,050)
Payment of deferred financing costs (3,622) (3,883)
Distribution paid on common shares (209,779) (170,970)
Distribution paid on units/to consolidated joint venture partners (5,692) (7,619)
Net cash (used in) provided by financing activities (243,375) 1,070,579
Net (decrease) increase in cash and cash equivalents (123,520) 1,086,460
Decrease in cash and cash equivalents related to foreign currency translation (808) (246)
Cash and cash equivalents at beginning of period 163,414 38,356
Cash and cash equivalents at end of period 39,086 1,124,570
Liberty Property Limited Partnership [Member]
   
OPERATING ACTIVITIES    
Net income 139,664 147,847
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 176,207 137,302
Amortization of deferred financing costs 3,727 2,952
Equity in earnings of unconsolidated joint ventures (7,297) (3,973)
Distributions from unconsolidated joint ventures 0 613
Gain on property dispositions (48,170) (49,367)
Share-based compensation 10,422 8,174
Other (5,202) (6,248)
Changes in operating assets and liabilities:    
Restricted cash 28,469 (2,703)
Accounts receivable (4,771) 231
Deferred rent receivable (11,928) (6,171)
Prepaid expenses and other assets (38,882) (50,389)
Accounts payable 18,824 15,494
Accrued interest 15,500 18,922
Other liabilities (26,232) 2,352
Net cash provided by operating activities 250,331 215,036
INVESTING ACTIVITIES    
Investment in operating properties - acquisitions (97,677) (161,404)
Investment in operating properties - other (61,480) (40,433)
Investments in and advances to unconsolidated joint ventures (13,894) (11,736)
Distributions from unconsolidated joint ventures 10,213 6,825
Net proceeds from disposition of properties/land 351,301 134,024
Net proceeds from public reimbursement receivable/escrow 5,501 12,943
Investment in development in progress (222,484) (81,736)
Investment in land held for development (73,547) (34,642)
Investment in deferred leasing costs (28,409) (22,996)
Net cash used in investing activities (130,476) (199,155)
FINANCING ACTIVITIES    
Redemption of preferred units 0 (64,500)
Proceeds from unsecured notes 0 448,646
Redemption of unsecured notes (200,000) 0
Proceeds from mortgage loans 0 10,401
Repayments of mortgage loans (9,329) (3,977)
Proceeds from credit facility 179,750 344,050
Repayments on credit facility (38,800) (436,050)
Payment of deferred financing costs (3,622) (3,883)
Capital contributions 44,097 954,481
Distributions to partners (215,471) (178,589)
Net cash (used in) provided by financing activities (243,375) 1,070,579
Net (decrease) increase in cash and cash equivalents (123,520) 1,086,460
Decrease in cash and cash equivalents related to foreign currency translation (808) (246)
Cash and cash equivalents at beginning of period 163,414 38,356
Cash and cash equivalents at end of period $ 39,086 $ 1,124,570