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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
OPERATING ACTIVITIES    
Net income $ 12,009 $ 9,429
Adjustments to reconcile income from operations to net cash provided by operating activities:    
Deferred rent revenue and amortization of lease intangibles (2,806) (1,874)
Depreciation and amortization 34,550 33,966
Amortization of debt issuance costs and debt fair value adjustments 2,031 1,966
Stock-based compensation expense 1,526 1,393
Other, net (368) (481)
Changes in operating assets and liabilities    
Change in restricted cash (673) (818)
Change in accounts receivable 2,379 (1,073)
Change in other assets (377) (38)
Change in accounts payable and accrued expenses 1,013 2,662
Change in security deposits payable 160 238
Change in other liabilities and deferred credits 890 303
Net cash provided by operating activities 50,334 45,673
INVESTING ACTIVITIES    
Capital expenditures (61,261) (21,204)
Change in restricted cash (969) 433
Leasing commissions (1,628) (1,344)
Net cash used in investing activities (63,858) (22,115)
FINANCING ACTIVITIES    
Change in restricted cash 0 1,400
Repayment of secured notes payable (784) (1,839)
Proceeds from term loan 100,000 0
Repayment of line of credit (93,000) 0
Debt issuance costs (1,957) 0
Proceeds from issuance of common stock, net 69,909 24,922
Dividends paid to common stock and unitholders (26,453) (24,380)
Shares withheld for employee taxes (4,319) 0
Net cash (used in) provided by financing activities 43,396 (2,697)
Net increase (decrease) in cash and cash equivalents 29,872 20,861
Cash and cash equivalents, beginning of period 48,987 42,479
Cash and cash equivalents, end of period $ 78,859 $ 63,340