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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 59,383 $ 507,411
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of real estate assets and leasing costs 87,001 74,431
Depreciation of non-real estate furniture, fixtures and equipment 1,659 1,501
Revenue (recoveries) reversals for doubtful accounts, net (Note 8) (1,311) 1,035
Non-cash amortization of share-based compensation awards 5,256 7,877
Non-cash amortization of deferred financing costs and debt discounts 821 794
Non-cash amortization of net below market rents (2,892) (1,181)
Gain on sale of depreciable operating property 0 (457,288)
Non-cash amortization of deferred revenue related to tenant-funded tenant improvements (4,261) (4,204)
Straight-line rents (13,847) (17,292)
Amortization of right of use ground lease assets 356 211
Net change in other operating assets 2,657 1,710
Net change in other operating liabilities 43,837 29,147
Net cash provided by operating activities 178,659 144,152
CASH FLOWS FROM INVESTING ACTIVITIES:    
Expenditures for acquisitions of development properties and undeveloped land (Note 2) (40,033) 0
Expenditures for development and redevelopment properties and undeveloped land (112,314) (172,325)
Expenditures for operating properties and other capital assets (17,027) (28,242)
Net proceeds received from disposition 0 1,012,817
Net cash (used in) provided by investing activities (169,374) 812,250
CASH FLOWS FROM FINANCING ACTIVITIES:    
Financing costs (318) (235)
Repurchase of common stock and restricted stock units (13,994) (21,137)
Distributions to noncontrolling interests in consolidated property partnerships (14,834) (11,672)
Dividends and distributions paid to common stockholders and common unitholders (61,161) (58,594)
Principal payments and repayments of secured debt (1,369) (1,316)
Net cash used in financing activities (91,676) (92,954)
Net (decrease) increase in cash and cash equivalents and restricted cash (82,391) 863,448
Cash and cash equivalents and restricted cash, beginning of period 427,083 823,130
Cash and cash equivalents and restricted cash, end of period 344,692 1,686,578
Kilroy Realty L.P.    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income 59,383 507,411
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of real estate assets and leasing costs 87,001 74,431
Depreciation of non-real estate furniture, fixtures and equipment 1,659 1,501
Revenue (recoveries) reversals for doubtful accounts, net (Note 8) (1,311) 1,035
Non-cash amortization of share-based compensation awards 5,256 7,877
Non-cash amortization of deferred financing costs and debt discounts 821 794
Non-cash amortization of net below market rents (2,892) (1,181)
Gain on sale of depreciable operating property 0 (457,288)
Non-cash amortization of deferred revenue related to tenant-funded tenant improvements (4,261) (4,204)
Straight-line rents (13,847) (17,292)
Amortization of right of use ground lease assets 356 211
Net change in other operating assets 2,657 1,710
Net change in other operating liabilities 43,837 29,147
Net cash provided by operating activities 178,659 144,152
CASH FLOWS FROM INVESTING ACTIVITIES:    
Expenditures for acquisitions of development properties and undeveloped land (Note 2) (40,033) 0
Expenditures for development and redevelopment properties and undeveloped land (112,314) (172,325)
Expenditures for operating properties and other capital assets (17,027) (28,242)
Net proceeds received from disposition 0 1,012,817
Net cash (used in) provided by investing activities (169,374) 812,250
CASH FLOWS FROM FINANCING ACTIVITIES:    
Financing costs (318) (235)
Repurchase of common stock and restricted stock units (13,994) (21,137)
Distributions to noncontrolling interests in consolidated property partnerships (14,834) (11,672)
Dividends and distributions paid to common stockholders and common unitholders (61,161) (58,594)
Principal payments and repayments of secured debt (1,369) (1,316)
Net cash used in financing activities (91,676) (92,954)
Net (decrease) increase in cash and cash equivalents and restricted cash (82,391) 863,448
Cash and cash equivalents and restricted cash, beginning of period 427,083 823,130
Cash and cash equivalents and restricted cash, end of period $ 344,692 $ 1,686,578