XML 41 R7.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 17,034 $ 9,271
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Depreciation 46,315 46,710
Amortization of Deferred Financing Costs 1,510 1,607
Other Amortization 14,349 17,031
Provision for Bad Debt 600 672
Equity in Income of Joint Ventures (67) (3,522)
Distributions from Joint Ventures 0 1,881
Gain on Sale of Real Estate (10,127) (1,055)
Loss from Retirement of Debt 0 623
Mark-to-Market and Settlement Loss on Interest Rate Protection Agreements 11,546 0
Decrease (Increase) in Tenant Accounts Receivable, Prepaid Expenses and Other Assets, Net 1,120 (977)
Increase in Deferred Rent Receivable (3,931) (508)
Decrease in Accounts Payable, Accrued Expenses, Other Liabilities, Rents Received in Advance and Security Deposits (3,647) (9,462)
Payments of Discounts and Prepayment Penalties Associated with Retirement of Debt 0 (10,648)
Net Cash Provided by Operating Activities 74,702 51,623
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions of Real Estate (26,474) (31,125)
Additions to Investment in Real Estate and Non-Acquisition Tenant Improvements and Lease Costs (55,157) (50,042)
Net Proceeds from Sales of Investments in Real Estate 41,211 4,417
Contributions to and Investments in Joint Ventures (13) (13)
Distributions from Joint Ventures 126 2,469
Settlement of Interest Rate Protection Agreements (11,546) 0
Repayments of Notes Receivable 2,720 26,946
Decrease (Increase) in Escrows 781 (509)
Net Cash Used in Investing Activities (48,352) (47,857)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Debt and Equity Issuance and Redemption Costs (2,152) (2,060)
Repurchase and Retirement of Restricted Stock (2,101) (2,060)
Common Stock and Unit Distributions Paid (26,460) (21,582)
Preferred Dividends Paid 0 (1,471)
Redemption of Preferred Stock 0 (75,000)
Repayments on Mortgage Loans Payable (5,996) (46,740)
Repayments of Senior Unsecured Notes 0 (71,578)
Proceeds from Unsecured Term Loan 0 200,000
Proceeds from Unsecured Credit Facility 76,000 262,000
Repayments on Unsecured Credit Facility (70,000) (248,000)
Net Cash Used in Financing Activities (30,709) (6,491)
Net Effect of Exchange Rate Changes on Cash and Cash Equivalents (14) (27)
Net Decrease in Cash and Cash Equivalents (4,359) (2,725)
Cash and Cash Equivalents, Beginning of Year 9,500 7,577
Cash and Cash Equivalents, End of Year $ 5,127 $ 4,825