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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Assets:    
Land $ 629,536 $ 640,196
Buildings and improvements, less accumulated depreciation of $883,957 and $792,342 as of December 31, 2012 and December 31, 2011, respectively 2,908,078 2,967,254
Intangible lease assets, less accumulated amortization of $67,940 and $119,419 as of December 31, 2012 and December 31, 2011, respectively 54,745 79,248
Construction in progress 20,373 17,353
Total real estate assets 3,612,732 3,704,051
Investments in unconsolidated joint ventures 37,226 38,181
Cash and cash equivalents 12,957 139,690
Tenant receivables, net of allowance for doubtful accounts of $346 and $631 as of December 31, 2012 and December 31, 2011, respectively 147,337 129,523
Due from unconsolidated joint ventures 463 788
Restricted cash and escrows 334 9,039
Prepaid expenses and other assets 13,022 9,911
Goodwill 180,097 180,097
Interest rate swap 1,075 0
Deferred financing costs, less accumulated amortization of $10,479 and $9,214 as of December 31, 2012 and December 31, 2011, respectively 6,454 5,977
Deferred lease costs, less accumulated amortization of $112,496 and $120,358 as of December 31, 2012 and December 31, 2011, respectively 243,178 230,577
Total assets 4,254,875 4,447,834
Liabilities:    
Line of credit and notes payable 1,416,525 1,472,525
Accounts payable, accrued expenses, and accrued capital expenditures 127,263 122,986
Deferred income 21,552 27,321
Intangible lease liabilities, less accumulated amortization of $40,931 and $63,981 as of December 31, 2012 and December 31, 2011, respectively 40,805 49,037
Interest rate swaps 8,235 2,537
Total liabilities 1,614,380 1,674,406
Commitments and Contingencies 0 0
Stockholders' Equity:    
Shares-in-trust, 150,000,000 shares authorized, none outstanding as of December 31, 2012 or December 31, 2011 0 0
Preferred stock, no par value, 100,000,000 shares authorized, none outstanding as of December 31, 2012 or December 31, 2011 0 0
Common stock, $.01 par value; 750,000,000 shares authorized, 167,556,001 shares issued and outstanding as of December 31, 2012; and 172,629,748 shares issued and outstanding at December 31, 2011 1,676 1,726
Additional paid-in capital 3,667,051 3,663,662
Cumulative distributions in excess of earnings (1,022,681) (891,032)
Other comprehensive loss (7,160) (2,537)
Piedmont stockholders’ equity 2,638,886 2,771,819
Noncontrolling interest 1,609 1,609
Total stockholders’ equity 2,640,495 2,773,428
Total liabilities and stockholders’ equity $ 4,254,875 $ 4,447,834