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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net income $ 4,066 $ 44,705
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 51,980 43,291
Amortization of deferred financing costs 666 627
Amortization of debt discount/(premium), net 175 176
Amortization of stock compensation costs 3,449 3,265
Straight-line rent income (4,165) (4,978)
Amortization of acquired above (below) market leases, net (1,805) (793)
Straight-line ground rent expense 351 22
Provision for doubtful accounts 0 467
Net gain on real estate venture transactions 0 (37,263)
Net gain on sale of interests in real estate (1,001) (22)
Income from Real Estate Ventures, net of distributions 1,159 2,209
Income tax provision 29 138
Accounts receivable (3,539) (646)
Other assets (39,088) (12,911)
Accounts payable and accrued expenses (10,822) (1,146)
Deferred income, gains and rent (3,148) 2,295
Other liabilities 19,459 (738)
Net cash provided by operating activities 17,766 38,698
Cash flows from investing activities:    
Acquisition of properties 0 (24,946)
Proceeds from the sale of properties 5,273 14,921
Proceeds from real estate venture sales 259 42,953
Proceeds from repayment of mortgage notes receivable 15 562
Capital expenditures for tenant improvements (14,978) (16,569)
Capital expenditures for redevelopments (10,777) (2,429)
Capital expenditures for developments (18,645) (19,387)
Advances for the purchase of tenant assets, net of repayments (1,615) 316
Investment in unconsolidated Real Estate Ventures (182) (261)
Deposits for real estate 3,152 (162)
Capital distributions from Real Estate Ventures 1,851 1,951
Leasing costs paid (5,696) (3,120)
Net cash used in investing activities (41,343) (6,171)
Cash flows from financing activities:    
Repayments of mortgage notes payable (1,871) (1,317)
Proceeds from credit facility borrowings 198,000 0
Repayments of credit facility borrowings (130,000) 0
Proceeds from the exercise of stock options 800 0
Proceeds from the issuance of common shares 0 416
Shares used for employee taxes upon vesting of share awards (1,230) (942)
Partner contributions to consolidated real estate venture 23 15
Partner distributions from consolidated real estate venture 0 (54)
Repurchase and retirement of common shares (17,282) 0
Distributions paid to shareholders (33,084) (32,173)
Distributions to noncontrolling interest (187) (266)
Net cash provided by (used in) financing activities 15,169 (34,321)
Decrease in cash and cash equivalents and restricted cash (8,408) (1,794)
Cash and cash equivalents and restricted cash at beginning of year 23,211 203,442
Cash and cash equivalents and restricted cash at end of period 14,803 201,648
Reconciliation of cash and cash equivalents and restricted cash:    
Cash and cash equivalents, beginning of period 22,842 202,179
Restricted cash, beginning of period 369 1,263
Cash and cash equivalents and restricted cash at beginning of year 23,211 203,442
Cash and cash equivalents, end of period 14,449 200,813
Restricted cash, end of period 354 835
Cash and cash equivalents and restricted cash at end of period 14,803 201,648
Supplemental disclosure:    
Cash paid for interest, net of capitalized interest during the three months ended March 31, 2019 and 2018 of $728 and $687, respectively 14,251 12,705
Cash paid for income taxes 0 7
Supplemental disclosure of non-cash activity:    
Dividends and distributions declared but not paid 34,107 32,502
Change in investment in real estate ventures as a result of dispositions 0 (17,313)
Change in operating real estate related to a non-cash acquisition of an operating property 0 (20,653)
Change in intangible assets, net related to non-cash acquisition of an operating property 0 (3,144)
Change in acquired lease intangibles, net related to non-cash acquisition of an operating property 0 182
Change in investments in joint venture related to non-cash acquisition of property 0 (2,042)
Change in mortgage notes payable related to acquisition of an operating property 0 9,940
Change in capital expenditures financed through accounts payable at period end (1,080) (1,112)
Change in capital expenditures financed through retention payable at period end (4,503) (792)
BRANDYWINE OPERATING PARTNERSHIP, L.P.    
Cash flows from operating activities:    
Net income 4,066 44,705
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 51,980 43,291
Amortization of deferred financing costs 666 627
Amortization of debt discount/(premium), net 175 176
Amortization of stock compensation costs 3,449 3,265
Straight-line rent income (4,165) (4,978)
Amortization of acquired above (below) market leases, net (1,805) (793)
Straight-line ground rent expense 351 22
Provision for doubtful accounts 0 467
Net gain on real estate venture transactions 0 (37,263)
Net gain on sale of interests in real estate (1,001) (22)
Income from Real Estate Ventures, net of distributions 1,159 2,209
Income tax provision 29 138
Accounts receivable (3,539) (646)
Other assets (39,088) (12,911)
Accounts payable and accrued expenses (10,822) (1,146)
Other liabilities 19,459 (738)
Deferred income, gains and rent (3,148) 2,295
Net cash provided by operating activities 17,766 38,698
Cash flows from investing activities:    
Acquisition of properties 0 (24,946)
Proceeds from the sale of properties 5,273 14,921
Proceeds from real estate venture sales 259 42,953
Proceeds from repayment of mortgage notes receivable 15 562
Capital expenditures for tenant improvements (14,978) (16,569)
Capital expenditures for redevelopments (10,777) (2,429)
Capital expenditures for developments (18,645) (19,387)
Advances for the purchase of tenant assets, net of repayments (1,615) 316
Investment in unconsolidated Real Estate Ventures (182) (261)
Deposits for real estate 3,152 (162)
Capital distributions from Real Estate Ventures 1,851 1,951
Leasing costs paid (5,696) (3,120)
Net cash used in investing activities (41,343) (6,171)
Cash flows from financing activities:    
Repayments of mortgage notes payable (1,871) (1,317)
Proceeds from credit facility borrowings 198,000 0
Repayments of credit facility borrowings (130,000) 0
Proceeds from the exercise of stock options 800 0
Proceeds from the issuance of common shares 0 416
Shares used for employee taxes upon vesting of share awards (1,230) (942)
Partner contributions to consolidated real estate venture 23 15
Partner distributions from consolidated real estate venture 0 (54)
Repurchase and retirement of common shares (17,282) 0
Distributions paid to shareholders (33,271) (32,439)
Net cash provided by (used in) financing activities 15,169 (34,321)
Decrease in cash and cash equivalents and restricted cash (8,408) (1,794)
Cash and cash equivalents and restricted cash at beginning of year 23,211 203,442
Cash and cash equivalents and restricted cash at end of period 14,803 201,648
Reconciliation of cash and cash equivalents and restricted cash:    
Cash and cash equivalents, beginning of period 22,842 202,179
Restricted cash, beginning of period 369 1,263
Cash and cash equivalents and restricted cash at beginning of year 23,211 203,442
Cash and cash equivalents, end of period 14,449 200,813
Restricted cash, end of period 354 835
Cash and cash equivalents and restricted cash at end of period 14,803 201,648
Supplemental disclosure:    
Cash paid for interest, net of capitalized interest during the three months ended March 31, 2019 and 2018 of $728 and $687, respectively 14,251 12,705
Cash paid for income taxes 0 7
Supplemental disclosure of non-cash activity:    
Dividends and distributions declared but not paid 34,107 32,502
Change in investment in real estate ventures as a result of dispositions 0 (17,313)
Change in operating real estate related to a non-cash acquisition of an operating property 0 (20,653)
Change in intangible assets, net related to non-cash acquisition of an operating property 0 (3,144)
Change in acquired lease intangibles, net related to non-cash acquisition of an operating property 0 182
Change in investments in joint venture related to non-cash acquisition of property 0 (2,042)
Change in mortgage notes payable related to acquisition of an operating property 0 9,940
Change in capital expenditures financed through accounts payable at period end (1,080) (1,112)
Change in capital expenditures financed through retention payable at period end $ (4,503) $ (792)