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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net income $ 131,159 $ 216,312
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 164,594 165,797
Amortization of right of use assets - operating leases 605 0
Impairment loss 24,038 0
Non-cash compensation expense 15,050 14,772
Income from unconsolidated joint ventures (213) (461)
Distributions of net cash flow from operations of unconsolidated joint ventures 2,650 847
(Gains) losses from investments in securities (2,969) 126
Non-cash portion of interest expense 5,447 5,299
Losses (gains) on sales of real estate 905 (96,397)
Change in assets and liabilities:    
Tenant and other receivables, net (14,000) 22,790
Note receivable (125) 0
Accrued rental income, net (15,570) (26,319)
Prepaid expenses and other assets (68,554) (66,968)
Lease liabilities - operating leases 370 0
Accounts payable and accrued expenses 258 (13,913)
Accrued interest payable (160) 12,399
Other liabilities (17,831) 23,089
Tenant leasing costs (18,420) (31,595)
Total adjustments 76,075 9,466
Net cash provided by operating activities 207,234 225,778
Cash flows from investing activities:    
Acquisitions of real estate (43,061) 0
Construction in progress (85,632) (150,060)
Building and other capital improvements (32,719) (53,550)
Tenant improvements (54,242) (47,157)
Proceeds from sales of real estate 20,019 116,120
Capital contributions to unconsolidated joint ventures (26,995) (48,823)
Investments in securities, net (885) (318)
Net cash used in investing activities (223,515) (183,788)
Cash flows from financing activities:    
Repayments of mortgage notes payable (5,645) (5,333)
Borrowings on unsecured line of credit 50,000 260,000
Repayments of unsecured line of credit (50,000) (190,000)
Payments on finance lease obligations (470) 0
Payments on capital lease obligations 0 (3)
Payments on real estate financing transactions 0 (444)
Deferred financing costs (186) (16)
Net proceeds from equity transactions 1,792 (723)
Dividends and distributions (166,362) (140,288)
Contributions from noncontrolling interests in property partnerships 4,387 15,267
Distributions to noncontrolling interests in property partnerships (24,128) (30,690)
Net cash used in financing activities (190,612) (92,230)
Net decrease in cash and cash equivalents and cash held in escrows (206,893) (50,240)
Cash and cash equivalents and cash held in escrows, beginning of period 639,191 505,369
Cash and cash equivalents and cash held in escrows, end of period 432,298 455,129
Reconciliation of cash and cash equivalents and cash held in escrows:    
Cash and cash equivalents, beginning of period 543,359 434,767
Cash held in escrows, beginning of period 95,832 70,602
Cash and Cash Equivalents, end of period 360,091 294,571
Cash held in escrows, end of period 72,207 160,558
Supplemental disclosures:    
Cash paid for interest 107,094 89,412
Interest capitalized 11,813 17,378
Non-cash investing and financing activities:    
Write-off of fully depreciated real estate (31,640) (29,609)
Additions to real estate included in accounts payable and accrued expenses 49,689 35,245
Real estate acquired through finance lease 122,563 0
Dividends and distributions declared but not paid 165,352 139,218
Conversions of noncontrolling interests to stockholders’ equity / partners' capital 492 832
Issuance of restricted securities to employees 37,428 36,433
Boston Properties Limited Partnership    
Cash flows from operating activities:    
Net income 134,837 220,766
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 162,682 163,853
Amortization of right of use assets - operating leases 605 0
Impairment loss 22,272 0
Non-cash compensation expense 15,050 14,772
Income from unconsolidated joint ventures (213) (461)
Distributions of net cash flow from operations of unconsolidated joint ventures 2,650 847
(Gains) losses from investments in securities (2,969) 126
Non-cash portion of interest expense 5,447 5,299
Losses (gains) on sales of real estate 905 (98,907)
Change in assets and liabilities:    
Tenant and other receivables, net (14,000) 22,790
Note receivable (125) 0
Accrued rental income, net (15,570) (26,319)
Prepaid expenses and other assets (68,554) (66,968)
Lease liabilities - operating leases 370 0
Accounts payable and accrued expenses 258 (13,913)
Accrued interest payable (160) 12,399
Other liabilities (17,831) 23,089
Tenant leasing costs (18,420) (31,595)
Total adjustments 72,397 5,012
Net cash provided by operating activities 207,234 225,778
Cash flows from investing activities:    
Acquisitions of real estate (43,061) 0
Construction in progress (85,632) (150,060)
Building and other capital improvements (32,719) (53,550)
Tenant improvements (54,242) (47,157)
Proceeds from sales of real estate 20,019 116,120
Capital contributions to unconsolidated joint ventures (26,995) (48,823)
Investments in securities, net (885) (318)
Net cash used in investing activities (223,515) (183,788)
Cash flows from financing activities:    
Repayments of mortgage notes payable (5,645) (5,333)
Borrowings on unsecured line of credit 50,000 260,000
Repayments of unsecured line of credit (50,000) (190,000)
Payments on finance lease obligations (470) 0
Payments on capital lease obligations 0 (3)
Payments on real estate financing transactions 0 (444)
Deferred financing costs (186) (16)
Net proceeds from equity transactions 1,792 (723)
Dividends and distributions (166,362) (140,288)
Contributions from noncontrolling interests in property partnerships 4,387 15,267
Distributions to noncontrolling interests in property partnerships (24,128) (30,690)
Net cash used in financing activities (190,612) (92,230)
Net decrease in cash and cash equivalents and cash held in escrows (206,893) (50,240)
Cash and cash equivalents and cash held in escrows, beginning of period 639,191 505,369
Cash and cash equivalents and cash held in escrows, end of period 432,298 455,129
Reconciliation of cash and cash equivalents and cash held in escrows:    
Cash and cash equivalents, beginning of period 543,359 434,767
Cash held in escrows, beginning of period 95,832 70,602
Cash and Cash Equivalents, end of period 360,091 294,571
Cash held in escrows, end of period 72,207 160,558
Supplemental disclosures:    
Cash paid for interest 107,094 89,412
Interest capitalized 11,813 17,378
Non-cash investing and financing activities:    
Write-off of fully depreciated real estate (31,640) (29,609)
Additions to real estate included in accounts payable and accrued expenses 49,689 35,245
Real estate acquired through finance lease 122,563 0
Dividends and distributions declared but not paid 165,352 139,218
Conversions of noncontrolling interests to stockholders’ equity / partners' capital 492 832
Issuance of restricted securities to employees $ 37,428 $ 36,433