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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net income $ 430,278 $ 405,083
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 463,288 516,371
Impairment loss 0 1,783
Non-cash compensation expense 27,260 25,290
Income from unconsolidated joint ventures (7,035) (5,489)
Distributions of net cash flow from operations of unconsolidated joint ventures 8,563 11,645
Gains from investments in securities (2,716) (1,713)
(Gains) losses from early extinguishments of debt (14,444) 371
Non-cash portion of interest expense (6,667) (27,386)
Gains on sales of real estate (6,791) (80,606)
Change in assets and liabilities:    
Cash held in escrows 7,795 1,675
Tenant and other receivables, net 12,528 22,135
Accrued rental income, net (36,012) (14,618)
Prepaid expenses and other assets (13,633) 4,883
Accounts payable and accrued expenses 7,861 16,852
Accrued interest payable (144,833) 44,242
Other liabilities (65,031) (114,321)
Tenant leasing costs (67,699) (62,412)
Total adjustments 162,434 338,702
Net cash provided by operating activities 592,712 743,785
Cash flows from investing activities:    
Acquisitions of real estate (15,953) (78,000)
Construction in progress (452,283) (359,716)
Building and other capital improvements (162,395) (81,842)
Tenant improvements (152,749) (167,762)
Proceeds from sales of real estate 29,810 122,750
Proceeds from sales of real estate placed in escrow (29,810) (122,647)
Proceeds from sales of real estate released from escrow 16,640 122,647
Cash released from escrow for investing activities 9,638 6,694
Cash released from escrow for land sale contracts 0 1,403
Cash placed in escrow for investment in unconsolidated joint venture (25,000) 0
Capital contributions to unconsolidated joint ventures (89,874) (546,982)
Capital distributions from unconsolidated joint ventures 251,000 0
Investments in securities, net (1,451) (929)
Net cash used in investing activities (622,427) (1,104,384)
Cash flows from financing activities:    
Proceeds from mortgage notes payable 2,300,000 0
Repayments of mortgage notes payable (1,313,890) (1,323,284)
Proceeds from unsecured senior notes 0 1,989,790
Borrowings on unsecured line of credit 470,000 0
Repayments of unsecured line of credit (470,000) 0
Repayments of mezzanine notes payable (306,000) 0
Repayments of outside members’ notes payable (70,424) 0
Payments on capital lease obligations (373) 0
Payments on real estate financing transactions (1,306) (4,712)
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 (44,083) (16,101)
Net proceeds from equity transactions 241 (270)
Dividends and distributions (394,900) (557,262)
Contributions from noncontrolling interests in property partnerships 38,196 6,737
Distributions to noncontrolling interests in property partnerships (41,605) (38,694)
Net cash provided by financing activities 165,856 56,204
Net increase (decrease) in cash and cash equivalents 136,141 (304,395)
Cash and cash equivalents, beginning of period 356,914 723,718
Cash and cash equivalents, end of period 493,055 419,323
Supplemental disclosures:    
Cash paid for interest 477,189 327,053
Interest capitalized 43,286 28,956
Non-cash investing and financing activities:    
Write off of fully depreciated real estate (103,972) (168,861)
Additions to real estate included in accounts payable and accrued expenses 36,609 11,864
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 130,434 113,038
Conversions of noncontrolling interests to stockholders’ equity 16,812 5,881
Issuance of restricted securities to employees 35,711 33,711
Boston Properties Limited Partnership    
Cash flows from operating activities:    
Net income 437,041 416,389
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 457,102 507,234
Impairment loss 0 1,783
Non-cash compensation expense 27,260 25,290
Income from unconsolidated joint ventures (7,035) (5,489)
Distributions of net cash flow from operations of unconsolidated joint ventures 8,563 11,645
Gains from investments in securities (2,716) (1,713)
(Gains) losses from early extinguishments of debt (14,444) 371
Non-cash portion of interest expense (6,667) (27,386)
Gains on sales of real estate (7,368) (82,775)
Change in assets and liabilities:    
Cash held in escrows 7,795 1,675
Tenant and other receivables, net 12,528 22,135
Accrued rental income, net (36,012) (14,618)
Prepaid expenses and other assets (13,633) 4,883
Accounts payable and accrued expenses 7,861 16,852
Accrued interest payable (144,833) 44,242
Other liabilities (65,031) (114,321)
Tenant leasing costs (67,699) (62,412)
Total adjustments 155,671 327,396
Net cash provided by operating activities 592,712 743,785
Cash flows from investing activities:    
Acquisitions of real estate (15,953) (78,000)
Construction in progress (452,283) (359,716)
Building and other capital improvements (162,395) (81,842)
Tenant improvements (152,749) (167,762)
Proceeds from sales of real estate 29,810 122,750
Proceeds from sales of real estate placed in escrow (29,810) (122,647)
Proceeds from sales of real estate released from escrow 16,640 122,647
Cash released from escrow for investing activities 9,638 6,694
Cash released from escrow for land sale contracts 0 1,403
Cash placed in escrow for investment in unconsolidated joint venture (25,000) 0
Capital contributions to unconsolidated joint ventures (89,874) (546,982)
Capital distributions from unconsolidated joint ventures 251,000 0
Investments in securities, net (1,451) (929)
Net cash used in investing activities (622,427) (1,104,384)
Cash flows from financing activities:    
Proceeds from mortgage notes payable 2,300,000 0
Repayments of mortgage notes payable (1,313,890) (1,323,284)
Proceeds from unsecured senior notes 0 1,989,790
Borrowings on unsecured line of credit 470,000 0
Repayments of unsecured line of credit (470,000) 0
Repayments of mezzanine notes payable (306,000) 0
Repayments of outside members’ notes payable (70,424) 0
Payments on capital lease obligations (373) 0
Payments on real estate financing transactions (1,306) (4,712)
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 (44,083) (16,101)
Net proceeds from equity transactions 241 (270)
Dividends and distributions (394,900) (557,262)
Contributions from noncontrolling interests in property partnerships 38,196 6,737
Distributions to noncontrolling interests in property partnerships (41,605) (38,694)
Net cash provided by financing activities 165,856 56,204
Net increase (decrease) in cash and cash equivalents 136,141 (304,395)
Cash and cash equivalents, beginning of period 356,914 723,718
Cash and cash equivalents, end of period 493,055 419,323
Supplemental disclosures:    
Cash paid for interest 477,189 327,053
Interest capitalized 43,286 28,956
Non-cash investing and financing activities:    
Write off of fully depreciated real estate (102,795) (164,528)
Additions to real estate included in accounts payable and accrued expenses 36,609 11,864
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 130,434 113,038
Conversions of noncontrolling interests to stockholders’ equity 16,812 5,881
Issuance of restricted securities to employees $ 35,711 $ 33,711