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CONSOLIDATED STATEMENTS OF CASH FLOWS - Cash and Restricted Cash (Parenthetical) - USD ($)
$ in Thousands
1 Months Ended 12 Months Ended
Feb. 28, 2023
Jan. 31, 2023
Feb. 28, 2022
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Feb. 24, 2023
Dec. 31, 2019
Cash and cash equivalents       $ 658,065 $ 634,848 $ 74,417    
Restricted cash [1]       30,237 382,097 16,432    
Total cash and cash equivalents and restricted cash shown in our consolidated statements of cash flows       688,302 1,016,945 90,849   $ 52,224
Repayments of borrowings on revolving credit facility       $ 100,000 $ 0 $ 968,000    
Subsequent Event                
Cash and cash equivalents             $ 413,000  
Credit Facility | Unsecured debt                
Repayments of borrowings on revolving credit facility     $ 100,000          
Credit Facility | Subsequent Event | Unsecured debt                
Repayments of borrowings on revolving credit facility $ 136,373 $ 113,627            
[1] As of December 31, 2022 and 2021, restricted cash consists of proceeds from the sale of joint venture interests and proceeds from the sale of properties to joint ventures held as collateral pursuant to the agreement governing our credit facility, or our credit agreement. We may use these funds to pay for approved expenditures in accordance with our credit agreement. In January 2023, we used the remaining restricted cash held as collateral to repay a portion of the $113,627 reduction in commitments under our credit facility. We continue to be required to hold any proceeds from the sale of properties as restricted cash pursuant to the terms of our credit agreement. Restricted cash also consists of amounts escrowed for real estate taxes, insurance and capital expenditures at certain of our mortgaged properties. Prior to the deconsolidation of the joint venture that owns a life science property located in Boston, Massachusetts, or the Seaport JV, restricted cash also consisted of cash held for the operations of this joint venture.