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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income $ 282,574 $ 333,579
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 311,124 312,623
Non-cash compensation expense 19,237 17,647
Income from unconsolidated joint ventures (6,192) (4,025)
Distributions of net cash flow from operations of unconsolidated joint ventures 2,905 11,399
Gains from investments in securities (1,772) (737)
Gains from early extinguishments of debt (14,444) 0
Non-cash portion of interest expense (11,979) (19,330)
Gains on sales of real estate (3,900) (67,623)
Change in assets and liabilities:    
Cash held in escrows 7,531 632
Tenant and other receivables, net 2,033 13,963
Accrued rental income, net (19,348) (5,294)
Prepaid expenses and other assets 36,223 62,752
Accounts payable and accrued expenses (2,608) 9,236
Accrued interest payable (158,761) 31,789
Other liabilities (33,093) (71,805)
Tenant leasing costs (37,252) (40,655)
Total adjustments 89,704 250,572
Net cash provided by operating activities 372,278 584,151
Cash flows from investing activities:    
Acquisition of real estate (15,953) (78,000)
Construction in progress (297,747) (242,944)
Building and other capital improvements (100,808) (48,306)
Tenant improvements (107,533) (116,935)
Proceeds from sales of real estate 17,049 104,816
Proceeds from sales of real estate placed in escrow (16,640) (104,696)
Proceeds from sales of real estate released from escrow 15,844 104,696
Cash released from escrow for investing activities 9,004 6,694
Cash released from escrow for land sale contracts 0 781
Deposit on real estate 0 (25,000)
Capital contributions to unconsolidated joint ventures (41,491) (26,040)
Investments in securities, net (1,195) (658)
Net cash used in investing activities (539,470) (425,592)
Cash flows from financing activities:    
Proceeds from mortgage notes payable 2,300,000 0
Repayments of mortgage notes payable (1,308,708) (222,535)
Proceeds from unsecured senior notes 0 997,080
Borrowings on unsecured line of credit 430,000 0
Repayments of unsecured line of credit (430,000) 0
Repayments of mezzanine notes payable (306,000) 0
Repayments of outside members’ notes payable (70,424) 0
Payments on capital lease obligations (486) 0
Payments on real estate financing transactions (1,013) (4,290)
Deposit on mortgage note payable interest rate lock (23,200) 0
Return of deposit on mortgage note payable interest rate lock 23,200 0
Deferred financing costs (43,635) (8,047)
Net proceeds from equity transactions (181) (666)
Dividends and distributions (263,221) (442,901)
Contributions from noncontrolling interests in property partnerships 23,496 5,040
Distributions to noncontrolling interests in property partnerships (27,115) (25,914)
Net cash provided by financing activities 302,713 297,767
Net increase in cash and cash equivalents 135,521 456,326
Cash and cash equivalents, beginning of period 356,914 723,718
Cash and cash equivalents, end of period 492,435 1,180,044
Supplemental disclosures:    
Cash paid for interest 388,045 217,021
Interest capitalized 26,628 19,168
Non-cash investing and financing activities:    
Write off of fully depreciated real estate (86,135) (52,708)
Additions to real estate included in accounts payable and accrued expenses 22,994 (14,471)
Real estate acquired through capital lease 28,962 0
Outside members’ notes payable contributed to noncontrolling interests in property partnerships 109,576 0
Dividends and distributions declared but not paid 130,432 113,071
Conversions of noncontrolling interests to stockholders’ equity 16,422 2,664
Issuance of restricted securities to employees 35,945 33,711
Boston Properties Limited Partnership    
Cash flows from operating activities:    
Net income 287,383 339,719
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 306,892 308,652
Non-cash compensation expense 19,237 17,647
Income from unconsolidated joint ventures (6,192) (4,025)
Distributions of net cash flow from operations of unconsolidated joint ventures 2,905 11,399
Gains from investments in securities (1,772) (737)
Gains from early extinguishments of debt (14,444) 0
Non-cash portion of interest expense (11,979) (19,330)
Gains on sales of real estate (4,477) (69,792)
Change in assets and liabilities:    
Cash held in escrows 7,531 632
Tenant and other receivables, net 2,033 13,963
Accrued rental income, net (19,348) (5,294)
Prepaid expenses and other assets 36,223 62,752
Accounts payable and accrued expenses (2,608) 9,236
Accrued interest payable (158,761) 31,789
Other liabilities (33,093) (71,805)
Tenant leasing costs (37,252) (40,655)
Total adjustments 84,895 244,432
Net cash provided by operating activities 372,278 584,151
Cash flows from investing activities:    
Acquisition of real estate (15,953) (78,000)
Construction in progress (297,747) (242,944)
Building and other capital improvements (100,808) (48,306)
Tenant improvements (107,533) (116,935)
Proceeds from sales of real estate 17,049 104,816
Proceeds from sales of real estate placed in escrow (16,640) (104,696)
Proceeds from sales of real estate released from escrow 15,844 104,696
Cash released from escrow for investing activities 9,004 6,694
Cash released from escrow for land sale contracts 0 781
Deposit on real estate 0 (25,000)
Capital contributions to unconsolidated joint ventures (41,491) (26,040)
Investments in securities, net (1,195) (658)
Net cash used in investing activities (539,470) (425,592)
Cash flows from financing activities:    
Proceeds from mortgage notes payable 2,300,000 0
Repayments of mortgage notes payable (1,308,708) (222,535)
Proceeds from unsecured senior notes 0 997,080
Borrowings on unsecured line of credit 430,000 0
Repayments of unsecured line of credit (430,000) 0
Repayments of mezzanine notes payable (306,000) 0
Repayments of outside members’ notes payable (70,424) 0
Payments on capital lease obligations (486) 0
Payments on real estate financing transactions (1,013) (4,290)
Deposit on mortgage note payable interest rate lock (23,200) 0
Return of deposit on mortgage note payable interest rate lock 23,200 0
Deferred financing costs (43,635) (8,047)
Net proceeds from equity transactions (181) (666)
Dividends and distributions (263,221) (442,901)
Contributions from noncontrolling interests in property partnerships 23,496 5,040
Distributions to noncontrolling interests in property partnerships (27,115) (25,914)
Net cash provided by financing activities 302,713 297,767
Net increase in cash and cash equivalents 135,521 456,326
Cash and cash equivalents, beginning of period 356,914 723,718
Cash and cash equivalents, end of period 492,435 1,180,044
Supplemental disclosures:    
Cash paid for interest 388,045 217,021
Interest capitalized 26,628 19,168
Non-cash investing and financing activities:    
Write off of fully depreciated real estate (85,525) (52,708)
Additions to real estate included in accounts payable and accrued expenses 22,994 (14,471)
Real estate acquired through capital lease 28,962 0
Outside members’ notes payable contributed to noncontrolling interests in property partnerships 109,576 0
Dividends and distributions declared but not paid 130,432 113,071
Conversions of noncontrolling interests to stockholders’ equity 16,422 2,664
Issuance of restricted securities to employees $ 35,945 $ 33,711