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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Tanger Factory Outlet Centers, Inc
Sep. 30, 2010
Tanger Factory Outlet Centers, Inc
Sep. 30, 2011
Tanger Properties Limited Partnership
Sep. 30, 2010
Tanger Properties Limited Partnership
Net income$ 35,851$ 23,148$ 35,851$ 23,148
Depreciation and amortization (including discontinued operations)58,78760,47558,78760,475
Impairment charges (including discontinued operations)08460846
Loss on termination of derivatives06,14206,142
Write off of Deferred Debt Issuance Cost  0(563)
Loss on early extinguishment of debt  0563
Gain on sale of outparcels of land0(161)0(161)
Amortization of deferred financing costs1,5409161,540916
Loss on early extinguishment of debt05630563
Equity in earnings (losses) of unconsolidated joint ventures823194823194
Equity-based compensation expense5,4584,2245,4584,224
Amortization of debt premiums and discount, net(54)(197)(54)(197)
Distributions of cumulative earnings from unconsolidated joint ventures315568315568
Net accretion of market rent rate adjustment(278)(576)(278)(576)
Straight-line base rent adjustment(3,041)(2,171)(3,041)(2,171)
Changes in other assets and liabilities :    
Other assets(6,377)(4,461)(6,460)(4,501)
Accounts payable and accrued expenses11,7867,68811,8887,725
Net cash provided by operating activities104,81097,198104,82997,195
INVESTING ACTIVITIES    
Additions to rental property(44,911)(55,588)(44,911)(55,588)
Payments to Acquire Real Estate(262,488)0(262,488)0
Payments to Acquire Interest in Subsidiaries and Affiliates(5,424)0(5,424)0
Termination payments related to derivatives0(6,142)0(6,142)
Distributions in excess of cumulative earnings from unconsolidated joint ventures585682585682
Deposits into escrow for potential acquisition(1,500)0(1,500)0
Net proceeds from the sale of real estate7232,0257232,025
Additions to deferred lease costs(9,570)(3,066)(9,570)(3,066)
Net cash used in investing activities(322,585)(62,089)(322,585)(62,089)
FINANCING ACTIVITIES    
Cash distributions paid(49,192)(51,050)(56,395)(58,072)
Partners' Capital Account, Contributions  117,5390
Distributions to noncontrolling interest in Operating Partnership(7,203)(7,022)  
Proceeds from Issuance of Common Stock117,5390  
Proceeds from debt issuances485,350567,530485,350567,530
Repayments of debt(330,566)(543,300)(330,566)(543,300)
Additions to deferred financing costs(289)(2,592)(289)(2,592)
Proceeds from exercise of options7289372893
Net cash used in financing activities215,711(35,541)215,711(35,541)
Net decrease in cash and cash equivalents(2,064)(432)(2,045)(435)
Cash and cash equivalents, beginning of period5,7583,2675,6713,214
Cash and cash equivalents, end of period$ 3,694$ 2,835$ 3,626$ 2,779