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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
OPERATING ACTIVITIES    
Net income $ 277,969 $ 152,339
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 223,244 202,160
Deconsolidation of VIE, Gain (Loss), Amount (70,374) 0
Gain on sale of real estate and change in control of interest (29,723) (17,428)
(Income) loss from partnerships (4,878) 86
Straight-line rent (14,414) (4,114)
Share-based compensation expense 10,255 9,780
Other, net (3,509) (2,206)
Changes in assets and liabilities, net of effects of acquisitions and dispositions:    
(Increase) decrease in accounts receivable, net (5,519) 4,857
Decrease (increase) in prepaid expenses and other assets 1,361 (6,004)
Increase in accounts payable and accrued expenses 13,948 15,505
Increase in security deposits and other liabilities 10,933 11,061
Net cash provided by operating activities 409,293 366,036
INVESTING ACTIVITIES    
Acquisition of real estate (429,990) (366,466)
Capital expenditures - development and redevelopment (213,881) (282,833)
Capital expenditures - other (70,004) (48,693)
Costs associated with property sold under threat of condemnation (2,915) 0
Proceeds from sale of real estate 66,682 19,896
Change in cash from deconsolidation of VIE (4,192) 0
Investment in partnerships (417) (2,657)
Distribution from partnerships in excess of earnings 5,076 1,868
Leasing costs (17,039) (14,079)
(Issuance) repayment of mortgage and other notes receivable, net (3,471) 31,122
Net cash used in investing activities (670,151) (661,842)
FINANCING ACTIVITIES    
Net borrowings under revolving credit facility 267,000 0
Repayment of mortgages, finance leases and notes payable (18,644) (160,307)
Issuance of common shares, net of costs 292,671 87,279
Dividends paid to common and preferred shareholders (258,009) (250,849)
Shares withheld for employee taxes (4,886) (2,939)
Contributions from noncontrolling interests 0 104
Distributions to and redemptions of redeemable noncontrolling interests (33,801) (6,473)
Net cash provided by (used in) financing activities 244,331 (333,185)
Decrease in cash, cash equivalents and restricted cash (16,527) (628,991)
Cash, cash equivalents, and restricted cash at beginning of year 175,163 816,896
Cash, cash equivalents, and restricted cash at end of period 158,636 187,905
Federal Realty OP LP    
OPERATING ACTIVITIES    
Net income 277,969 152,339
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 223,244 202,160
Deconsolidation of VIE, Gain (Loss), Amount (70,374) 0
Gain on sale of real estate and change in control of interest (29,723) (17,428)
(Income) loss from partnerships (4,878) 86
Straight-line rent (14,414) (4,114)
Share-based compensation expense 10,255 9,780
Other, net (3,509) (2,206)
Changes in assets and liabilities, net of effects of acquisitions and dispositions:    
(Increase) decrease in accounts receivable, net (5,519) 4,857
Decrease (increase) in prepaid expenses and other assets 1,361 (6,004)
Increase in accounts payable and accrued expenses 13,948 15,505
Increase in security deposits and other liabilities 10,933 11,061
Net cash provided by operating activities 409,293 366,036
INVESTING ACTIVITIES    
Acquisition of real estate (429,990) (366,466)
Capital expenditures - development and redevelopment (213,881) (282,833)
Capital expenditures - other (70,004) (48,693)
Costs associated with property sold under threat of condemnation (2,915) 0
Proceeds from sale of real estate 66,682 19,896
Change in cash from deconsolidation of VIE (4,192) 0
Investment in partnerships (417) (2,657)
Distribution from partnerships in excess of earnings 5,076 1,868
Leasing costs (17,039) (14,079)
(Issuance) repayment of mortgage and other notes receivable, net (3,471) 31,122
Net cash used in investing activities (670,151) (661,842)
FINANCING ACTIVITIES    
Net borrowings under revolving credit facility 267,000 0
Repayment of mortgages, finance leases and notes payable (18,644) (160,307)
Issuance of common shares, net of costs 292,671 87,279
Dividends paid to common and preferred shareholders (258,009) (250,849)
Shares withheld for employee taxes (4,886) (2,939)
Contributions from noncontrolling interests 0 104
Distributions to and redemptions of redeemable noncontrolling interests (33,801) (6,473)
Net cash provided by (used in) financing activities 244,331 (333,185)
Decrease in cash, cash equivalents and restricted cash (16,527) (628,991)
Cash, cash equivalents, and restricted cash at beginning of year 175,163 816,896
Cash, cash equivalents, and restricted cash at end of period $ 158,636 $ 187,905