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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income $ 861,618 $ 302,760 $ 432,644
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation of buildings and tenant improvements 304,935 297,158 272,422
Amortization of Other Deferred Charges 57,213 55,855 54,801
Amortization of deferred financing costs 9,735 9,155 6,536
Straight-line rental income and expense, net (32,081) (25,865) (21,197)
Impairment charges 0 5,626 0
Loss on debt extinguishment 17,901 32,900 6,320
Gain (Loss) on Involuntary Conversion (3,222) (4,312) (2,259)
Gain on land and property sales (598,602) (138,269) (242,543)
Third-party construction contracts, net (6,269) (2,511) 9,254
Other accrued revenues and expenses, net 48,194 29,333 8,476
Equity in earnings (in excess of) less than operating distributions received from unconsolidated joint ventures (16,996) 4,606 (18,556)
Net cash provided by operating activities 642,426 566,436 505,898
Cash flows from investing activities:      
Development of real estate investments (661,416) (573,544) (446,801)
Payments to Acquire Commercial Real Estate (447,584) (383,672) (210,224)
Acquisition of land and other real estate assets (700,632) (248,413) (388,202)
Second generation tenant improvements, leasing costs and building improvements (68,445) (45,037) (53,137)
Other deferred leasing costs (42,214) (41,607) (32,921)
Other assets (19,067) (4,868) (10,777)
Proceeds from the repayments of notes receivable from property sales 0 110,000 162,550
Proceeds from land and property sales, net 1,067,967 336,255 432,662
Capital distributions from unconsolidated joint ventures 61,616 876 26,272
Capital contributions and advances to unconsolidated joint ventures (22,640) (6,211) (34,496)
Net cash used for investing activities (832,415) (856,221) (555,074)
Cash flows from financing activities:      
Proceeds from issuance of common shares, net 406,576 187,856 272,761
Proceeds from unsecured debt 940,749 663,123 582,284
Payments on unsecured debt (390,900) (546,972) (255,812)
Proceeds from secured debt financings 0 18,400 0
Payments on secured indebtedness including principal amortization (4,413) (13,457) (45,515)
(Repayments) borrowings on line of credit, net (295,000) 295,000 (30,000)
Distributions to common shareholders (394,487) (355,287) (318,702)
Distributions to noncontrolling interests, net (4,352) (3,347) (2,648)
Tax payments on stock-based compensation awards (5,132) (4,360) (6,825)
Change in book overdrafts (12,453) 1,941 138
Cash settlement of interest rate swaps 0 0 (35,569)
Other financing activities (357) 163 (10,183)
Deferred financing costs (14,262) (7,483) (4,839)
Redemption of Limited Partnership Units (39) 0 0
Net cash provided by financing activities 225,930 235,577 145,090
Net increase (decrease) in cash, cash equivalents and restricted cash 35,941 (54,208) 95,914
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning Balance 67,223 121,431 25,517
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 103,164 67,223 121,431
Non-cash investing and financing activities:      
Lease liabilities arising from right-of-use assets 19,822 20,883 40,467
Assumption of indebtedness and other liabilities in real estate acquisitions 128,639 39,966 0
Non-cash distribution of assets from unconsolidated joint ventures, net 11,124 0 0
Contribution of properties to unconsolidated joint venture 74,942 0 0
Conversion of Limited Partner Units to common shares 5,099 0 1,624
Issuance of Limited Partner Units for acquisition 11,603 0 0
Duke Realty Limited Partnership [Member]      
Cash flows from operating activities:      
Net income 861,618 302,760 432,644
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation of buildings and tenant improvements 304,935 297,158 272,422
Amortization of Other Deferred Charges 57,213 55,855 54,801
Amortization of deferred financing costs 9,735 9,155 6,536
Straight-line rental income and expense, net (32,081) (25,865) (21,197)
Impairment charges 0 5,626 0
Loss on debt extinguishment 17,901 32,900 6,320
Gain (Loss) on Involuntary Conversion (3,222) (4,312) (2,259)
Gain on land and property sales (598,602) (138,269) (242,543)
Third-party construction contracts, net (6,269) (2,511) 9,254
Other accrued revenues and expenses, net 48,194 29,333 8,476
Equity in earnings (in excess of) less than operating distributions received from unconsolidated joint ventures (16,996) 4,606 (18,556)
Net cash provided by operating activities 642,426 566,436 505,898
Cash flows from investing activities:      
Development of real estate investments (661,416) (573,544) (446,801)
Payments to Acquire Commercial Real Estate (447,584) (383,672) (210,224)
Acquisition of land and other real estate assets (700,632) (248,413) (388,202)
Second generation tenant improvements, leasing costs and building improvements (68,445) (45,037) (53,137)
Other deferred leasing costs (42,214) (41,607) (32,921)
Other assets (19,067) (4,868) (10,777)
Proceeds from the repayments of notes receivable from property sales 0 110,000 162,550
Proceeds from land and property sales, net 1,067,967 336,255 432,662
Capital distributions from unconsolidated joint ventures 61,616 876 26,272
Capital contributions and advances to unconsolidated joint ventures (22,640) (6,211) (34,496)
Net cash used for investing activities (832,415) (856,221) (555,074)
Cash flows from financing activities:      
Contributions from the General Partner 406,576 187,856 272,761
Proceeds from unsecured debt 940,749 663,123 582,284
Payments on unsecured debt (390,900) (546,972) (255,812)
Proceeds from secured debt financings 0 18,400 0
Payments on secured indebtedness including principal amortization (4,413) (13,457) (45,515)
(Repayments) borrowings on line of credit, net (295,000) 295,000 (30,000)
Distributions to common shareholders (398,399) (358,484) (321,469)
Distributions to noncontrolling interests, net (440) (150) 119
Tax payments on stock-based compensation awards (5,132) (4,360) (6,825)
Change in book overdrafts (12,453) 1,941 138
Cash settlement of interest rate swaps 0 0 (35,569)
Other financing activities (357) 163 (10,183)
Deferred financing costs (14,262) (7,483) (4,839)
Redemption of Limited Partnership Units (39) 0 0
Net cash provided by financing activities 225,930 235,577 145,090
Net increase (decrease) in cash, cash equivalents and restricted cash 35,941 (54,208) 95,914
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning Balance 67,223 121,431 25,517
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 103,164 67,223 121,431
Non-cash investing and financing activities:      
Lease liabilities arising from right-of-use assets 19,822 20,883 40,467
Assumption of indebtedness and other liabilities in real estate acquisitions 128,639 39,966 0
Non-cash distribution of assets from unconsolidated joint ventures, net 11,124 0 0
Contribution of properties to unconsolidated joint venture 74,942 0 0
Conversion of Limited Partner Units to common shares 5,099 0 1,624
Issuance of Limited Partner Units for acquisition $ 11,603 $ 0 $ 0