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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Net income $ 3,919 $ 9,336
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 50,304 51,453
Amortization of deferred financing costs 1,161 1,311
Amortization of debt discount/(premium), net 366 365
Amortization of stock compensation costs 2,097 1,484
Shares used for employee taxes upon vesting of share awards (245) (1,418)
Straight-line rent income (5,514) (6,908)
Amortization of acquired above (below) market leases to rental revenue, net (1,771) (1,419)
Straight-line ground rent expense 474 474
Provision for doubtful accounts 505 781
Net gain on sale of interests in real estate (5,304) (14,666)
Loss on early extinguishment of debt 3 248
Real estate venture income in excess of distributions (358) 163
Deferred financing obligation (452) (405)
Changes in assets and liabilities:    
Accounts receivable (1,321) 976
Other assets (4,772) (3,629)
Accounts payable and accrued expenses 10,793 5,674
Deferred income, gains and rent 46 916
Other liabilities (88) (514)
Net cash from operating activities 49,843 44,222
Cash flows from investing activities:    
Acquisition of properties 0 (9,226)
Payments to acquire available-for-sale securities 0 (50,694)
Sales of properties, net 112,863 92,401
Distribution of sales proceeds from real estate ventures 16,963 0
Proceeds from repayment of mortgage notes receivable 200 0
Capital expenditures for tenant improvements (24,215) (20,733)
Capital expenditures for redevelopments (2,427) (517)
Capital expenditures for developments (82) 0
Reimbursement from real estate venture for pre-formation development costs 1,976 0
Advances for purchase of tenant assets, net of repayments (375) 94
Investment in unconsolidated Real Estate Ventures (7,039) (12,512)
Cash distributions from unconsolidated real estate ventures 1,357 619
Leasing costs (8,250) (7,386)
Net cash from (used in) investing activities 90,971 (7,954)
Cash flows from financing activities:    
Proceeds from Unsecured Term Loans 0 600,000
Proceeds from Credit Facility 186,000 21,500
Repayments of Credit Facility borrowings (255,000) (297,000)
Repayments of mortgage notes payable (2,765) (2,941)
Deferred financing obligation non-cash interest expense 234 234
Repayments of unsecured notes 0 (4,217)
Repayments of unsecured term loan 0 (37,500)
Net settlement of hedge transactions 0 (74)
Debt financing costs 0 (8,426)
Exercise of stock options 672 0
Distributions paid to shareholders (23,353) (23,619)
Distributions to noncontrolling interest (277) (399)
Net cash from (used in) financing activities (94,489) 247,558
Increase (decrease) in cash and cash equivalents 46,325 283,826
Cash and cash equivalents at beginning of period 1,549 410
Cash and cash equivalents at end of period 47,874 284,236
Supplemental disclosure:    
Cash paid for interest, net of capitalized interest during the three months ended March 31, 2013 and 2012 of $625 and $467, respectively 11,367 10,348
Supplemental disclosure of non-cash activity:    
Change in investments in real estate ventures related to a contribution of land (6,058) 0
Change in capital expenditures financed through accounts payable at period end (1,701) (2,608)
Change in capital expenditures financed through retention payable at period end (697) (163)
Change in unfunded tenant allowance (64) (612)
Distributions payable 23,684  
BRANDYWINE OPERATING PARTNERSHIP, L.P.
   
Net income 3,919 9,336
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 50,304 51,453
Amortization of deferred financing costs 1,161 1,311
Amortization of debt discount/(premium), net 366 365
Amortization of stock compensation costs 2,097 1,484
Shares used for employee taxes upon vesting of share awards (245) (1,418)
Straight-line rent income (5,514) (6,908)
Amortization of acquired above (below) market leases to rental revenue, net (1,771) (1,419)
Straight-line ground rent expense 474 474
Provision for doubtful accounts 505 781
Net gain on sale of interests in real estate (5,304) (14,666)
Loss on early extinguishment of debt 3 248
Real estate venture income in excess of distributions (358) 163
Deferred financing obligation (452) (405)
Changes in assets and liabilities:    
Accounts receivable (1,321) 976
Other assets (4,772) (3,629)
Accounts payable and accrued expenses 10,793 5,674
Deferred income, gains and rent 46 916
Other liabilities (88) (514)
Net cash from operating activities 49,843 44,222
Cash flows from investing activities:    
Acquisition of properties 0 (9,226)
Payments to acquire available-for-sale securities 0 (50,694)
Sales of properties, net 112,863 92,401
Distribution of sales proceeds from real estate ventures 16,963 0
Proceeds from repayment of mortgage notes receivable 200 0
Capital expenditures for tenant improvements (24,215) (20,733)
Capital expenditures for redevelopments (2,427) (517)
Capital expenditures for developments (82) 0
Reimbursement from real estate venture for pre-formation development costs 1,976 0
Advances for purchase of tenant assets, net of repayments (375) 94
Investment in unconsolidated Real Estate Ventures (7,039) (12,512)
Cash distributions from unconsolidated real estate ventures 1,357 619
Leasing costs (8,250) (7,386)
Net cash from (used in) investing activities 90,971 (7,954)
Cash flows from financing activities:    
Proceeds from Unsecured Term Loans 0 600,000
Proceeds from Credit Facility 186,000 21,500
Repayments of Credit Facility borrowings (255,000) (297,000)
Repayments of mortgage notes payable (2,765) (2,941)
Deferred financing obligation non-cash interest expense 234 234
Repayments of unsecured notes 0 (4,217)
Repayments of unsecured term loan 0 (37,500)
Net settlement of hedge transactions 0 (74)
Debt financing costs 0 (8,426)
Exercise of stock options 672 0
Distributions paid to shareholders (23,630) (24,018)
Net cash from (used in) financing activities (94,489) 247,558
Increase (decrease) in cash and cash equivalents 46,325 283,826
Cash and cash equivalents at beginning of period 1,549 410
Cash and cash equivalents at end of period 47,874 284,236
Supplemental disclosure:    
Cash paid for interest, net of capitalized interest during the three months ended March 31, 2013 and 2012 of $625 and $467, respectively 11,367 10,348
Supplemental disclosure of non-cash activity:    
Change in investments in real estate ventures related to a contribution of land (6,058) 0
Change in capital expenditures financed through accounts payable at period end (1,701) (2,608)
Change in capital expenditures financed through retention payable at period end (697) (163)
Change in unfunded tenant allowance (64) (612)
Distributions payable $ 23,684