XML 69 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities:    
Net income (loss) $ 233,655 $ 115,292
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation of buildings and tenant improvements 216,963 214,118
Amortization of deferred leasing and other costs 73,942 89,359
Amortization of deferred financing costs 7,423 9,913
Straight-line rental income and expense, net (16,419) (12,421)
Asset Impairment Charges 8,891 3,777
Gain on acquisitions 0 (962)
Gains on land and depreciated property sales (163,689) (105,525)
Third-party construction contracts, net (4,397) 27,117
Other accrued revenues and expenses, net 18,059 11,367
Operating distributions received in excess of (less than) equity in earnings from unconsolidated companies (53,429) (34,411)
Net cash provided by operating activities 320,999 317,624
Cash flows from investing activities:    
Development of real estate investments (385,088) (320,698)
Acquisition of real estate investments and related intangible assets (94,032) (372,934)
Acquisition of undeveloped land (37,579) (30,101)
Second generation tenant improvements, leasing costs and building improvements (69,475) (60,052)
Other deferred leasing costs (24,948) (26,647)
Other assets 514 (14,725)
Proceeds from land and depreciated property sales, net 386,215 330,740
Capital distributions from unconsolidated companies 70,054 106,306
Capital contributions and advances to unconsolidated companies (5,874) (38,959)
Net cash provided by (used for) investing activities (160,213) (427,070)
Cash flows from financing activities:    
Proceeds from issuance of common shares, net 255,962 632,531
Payments for redemption/repurchase of preferred shares/units (113,797) (177,955)
Proceeds from unsecured debt 0 500,000
Payments on unsecured debt (1,556) (426,462)
Proceeds from secured debt financings 0 1,933
Payments on secured indebtedness including principal amortization (93,036) (112,097)
Borrowings (payments) on line of credit, net 52,000 (75,000)
Distributions to common shareholders/unitholders (169,917) (164,811)
Distributions to preferred shareholders/unitholders (20,789) (24,261)
Distributions to Noncontrolling Interest, Net (2,044) (2,692)
Payments to Noncontrolling Interests (7,803) 0
Change in book overdrafts (12,450) (44,225)
Deferred financing costs (499) (7,292)
Net cash provided by (used for) financing activities (113,929) 99,669
Net increase (decrease) in cash and cash equivalents 46,857 (9,777)
Cash and cash equivalents at beginning of period 19,275 33,889
Cash and cash equivalents at end of period 66,132 24,112
Noncash investing and financing activities:    
Assumption of indebtedness and other liabilities in real estate acquisitions 54 106,555
Carrying amount of pre-existing ownership interest in acquired property 0 630
Conversion of Limited Partner Units to common shares 56 338
Duke Realty Limited Partnership [Member]
   
Cash flows from operating activities:    
Net income (loss) 233,655 115,292
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation of buildings and tenant improvements 216,963 214,118
Amortization of deferred leasing and other costs 73,942 89,359
Amortization of deferred financing costs 7,423 9,913
Straight-line rental income and expense, net (16,419) (12,421)
Asset Impairment Charges 8,891 3,777
Gain on acquisitions 0 (962)
Gains on land and depreciated property sales (163,689) (105,525)
Third-party construction contracts, net (4,397) 27,117
Other accrued revenues and expenses, net 18,059 11,405
Operating distributions received in excess of (less than) equity in earnings from unconsolidated companies (53,429) (34,411)
Net cash provided by operating activities 320,999 317,662
Cash flows from investing activities:    
Development of real estate investments (385,088) (320,698)
Acquisition of real estate investments and related intangible assets (94,032) (372,934)
Acquisition of undeveloped land (37,579) (30,101)
Second generation tenant improvements, leasing costs and building improvements (69,475) (60,052)
Other deferred leasing costs (24,948) (26,647)
Other assets 514 (14,725)
Proceeds from land and depreciated property sales, net 386,215 330,740
Capital distributions from unconsolidated companies 70,054 106,306
Capital contributions and advances to unconsolidated companies (5,874) (38,959)
Net cash provided by (used for) investing activities (160,213) (427,070)
Cash flows from financing activities:    
Contributions from the General Partner 255,962 632,531
Payments for redemption/repurchase of preferred shares/units (113,797) (177,955)
Proceeds from unsecured debt 0 500,000
Payments on unsecured debt (1,556) (426,462)
Proceeds from secured debt financings 0 1,933
Payments on secured indebtedness including principal amortization (93,036) (112,097)
Borrowings (payments) on line of credit, net 52,000 (75,000)
Distributions to common shareholders/unitholders (172,153) (167,092)
Distributions to preferred shareholders/unitholders (20,789) (24,261)
Distributions to Noncontrolling Interest, Net 192 (449)
Payments to Noncontrolling Interests (7,803) 0
Change in book overdrafts (12,450) (44,225)
Deferred financing costs (499) (7,292)
Net cash provided by (used for) financing activities (113,929) 99,631
Net increase (decrease) in cash and cash equivalents 46,857 (9,777)
Cash and cash equivalents at beginning of period 19,275 33,889
Cash and cash equivalents at end of period 66,132 24,112
Noncash investing and financing activities:    
Assumption of indebtedness and other liabilities in real estate acquisitions 54 106,555
Carrying amount of pre-existing ownership interest in acquired property 0 630
Conversion of Limited Partner Units to common shares $ 56 $ 338