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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net income $ 376,877 $ 282,574
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 322,214 311,124
Non-cash compensation expense 23,243 19,237
Income from unconsolidated joint ventures (1,230) (6,192)
Distributions of net cash flow from operations of unconsolidated joint ventures 1,663 2,905
Gains from investments in securities (379) (1,772)
Gains from early extinguishments of debt 0 (14,354)
Non-cash portion of interest expense 10,607 (11,979)
Gains on sales of real estate (114,689) (3,900)
Change in assets and liabilities:    
Tenant and other receivables, net 33,012 2,033
Accrued rental income, net (45,759) (19,348)
Prepaid expenses and other assets (4,641) 36,223
Accounts payable and accrued expenses (9,899) (2,608)
Accrued interest payable 12,999 (158,761)
Other liabilities 11,571 (33,121)
Tenant leasing costs (54,743) (37,252)
Total adjustments 183,969 82,235
Net cash provided by operating activities 560,846 364,809
Cash flows from investing activities:    
Acquisitions of real estate 0 (15,953)
Construction in progress (380,565) (297,747)
Building and other capital improvements (96,730) (100,808)
Tenant improvements (83,982) (107,533)
Proceeds from sales of real estate 141,249 17,049
Capital contributions to unconsolidated joint ventures (65,250) (41,491)
Investments in securities, net (523) (1,195)
Net cash used in investing activities (485,801) (547,678)
Cash flows from financing activities:    
Proceeds from mortgage notes payable 0 2,300,000
Repayments of mortgage notes payable (9,192) (1,308,708)
Borrowings on unsecured line of credit 345,000 430,000
Repayments of unsecured line of credit (390,000) (430,000)
Proceeds from unsecured term loan 500,000 0
Repayments of mezzanine notes payable 0 (306,000)
Repayments of outside members’ notes payable 0 (70,424)
Payments on capital lease obligations 0 (548)
Payments on real estate financing transactions (960) (1,013)
Deposit on mortgage note payable interest rate lock 0 (23,200)
Return of deposit on mortgage note payable interest rate lock 0 23,200
Deferred financing costs (263) (43,635)
Debt prepayment and extinguishment costs 0 (90)
Net proceeds from equity transactions (684) (181)
Dividends and distributions (280,754) (263,221)
Contributions from noncontrolling interests in property partnerships 27,532 23,496
Distributions to noncontrolling interests in property partnerships (44,033) (27,115)
Net cash provided by financing activities 146,646 302,561
Net increase in cash and cash equivalents and cash held in escrows 221,691 119,692
Cash and cash equivalents and cash held in escrows, beginning of period 505,369 420,088
Cash and cash equivalents and cash held in escrows, end of period 727,060 539,780
Reconciliation of cash and cash equivalents and cash held in escrows:    
Cash and cash equivalents, beginning of period 434,767 356,914
Cash held in escrows, beginning of period 70,602 63,174
Cash and Cash Equivalents, end of period 472,555 492,435
Cash held in escrows, end of period 254,505 47,345
Supplemental disclosures:    
Cash paid for interest 192,898 388,045
Interest capitalized 34,999 26,628
Non-cash investing and financing activities:    
Write-off of fully depreciated real estate (78,900) (86,135)
Additions to real estate included in accounts payable and accrued expenses 326 22,994
Real estate acquired through capital lease 0 28,962
Outside members’ notes payable contributed to noncontrolling interests in property partnerships 0 109,576
Dividends and distributions declared but not paid 139,263 130,432
Conversions of noncontrolling interests to stockholders’ equity / partners' capital 1,196 16,422
Issuance of restricted securities to employees 37,342 35,945
Boston Properties Limited Partnership    
Cash flows from operating activities:    
Net income 383,752 287,383
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 318,327 306,892
Non-cash compensation expense 23,243 19,237
Income from unconsolidated joint ventures (1,230) (6,192)
Distributions of net cash flow from operations of unconsolidated joint ventures 1,663 2,905
Gains from investments in securities (379) (1,772)
Gains from early extinguishments of debt 0 (14,354)
Non-cash portion of interest expense 10,607 (11,979)
Gains on sales of real estate (117,677) (4,477)
Change in assets and liabilities:    
Tenant and other receivables, net 33,012 2,033
Accrued rental income, net (45,759) (19,348)
Prepaid expenses and other assets (4,641) 36,223
Accounts payable and accrued expenses (9,899) (2,608)
Accrued interest payable 12,999 (158,761)
Other liabilities 11,571 (33,121)
Tenant leasing costs (54,743) (37,252)
Total adjustments 177,094 77,426
Net cash provided by operating activities 560,846 364,809
Cash flows from investing activities:    
Acquisitions of real estate 0 (15,953)
Construction in progress (380,565) (297,747)
Building and other capital improvements (96,730) (100,808)
Tenant improvements (83,982) (107,533)
Proceeds from sales of real estate 141,249 17,049
Capital contributions to unconsolidated joint ventures (65,250) (41,491)
Investments in securities, net (523) (1,195)
Net cash used in investing activities (485,801) (547,678)
Cash flows from financing activities:    
Proceeds from mortgage notes payable 0 2,300,000
Repayments of mortgage notes payable (9,192) (1,308,708)
Borrowings on unsecured line of credit 345,000 430,000
Repayments of unsecured line of credit (390,000) (430,000)
Proceeds from unsecured term loan 500,000 0
Repayments of mezzanine notes payable 0 (306,000)
Repayments of outside members’ notes payable 0 (70,424)
Payments on capital lease obligations 0 (548)
Payments on real estate financing transactions (960) (1,013)
Deposit on mortgage note payable interest rate lock 0 (23,200)
Return of deposit on mortgage note payable interest rate lock 0 23,200
Deferred financing costs (263) (43,635)
Debt prepayment and extinguishment costs 0 (90)
Net proceeds from equity transactions (684) (181)
Dividends and distributions (280,754) (263,221)
Contributions from noncontrolling interests in property partnerships 27,532 23,496
Distributions to noncontrolling interests in property partnerships (44,033) (27,115)
Net cash provided by financing activities 146,646 302,561
Net increase in cash and cash equivalents and cash held in escrows 221,691 119,692
Cash and cash equivalents and cash held in escrows, beginning of period 505,369 420,088
Cash and cash equivalents and cash held in escrows, end of period 727,060 539,780
Reconciliation of cash and cash equivalents and cash held in escrows:    
Cash and cash equivalents, beginning of period 434,767 356,914
Cash held in escrows, beginning of period 70,602 63,174
Cash and Cash Equivalents, end of period 472,555 492,435
Cash held in escrows, end of period 254,505 47,345
Supplemental disclosures:    
Cash paid for interest 192,898 388,045
Interest capitalized 34,999 26,628
Non-cash investing and financing activities:    
Write-off of fully depreciated real estate (78,900) (85,525)
Additions to real estate included in accounts payable and accrued expenses 326 22,994
Real estate acquired through capital lease 0 28,962
Outside members’ notes payable contributed to noncontrolling interests in property partnerships 0 109,576
Dividends and distributions declared but not paid 139,263 130,432
Conversions of noncontrolling interests to stockholders’ equity / partners' capital 1,196 16,422
Issuance of restricted securities to employees $ 37,342 $ 35,945