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Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Operating activities:      
Net income $ 177,630 $ 191,663 $ 541,139
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 229,955 227,832 220,140
Amortization of lease incentives and acquisition-related intangible assets and liabilities (1,943) (1,172) (1,996)
Share-based compensation expense 7,466 6,692 6,251
Allowance for losses on accounts and accrued straight-line rents receivable 1,212 1,508 2,001
Accrued interest on mortgages and notes receivable (451) (509) (502)
Amortization of debt issuance costs 2,857 3,166 3,506
Amortization of cash flow hedges (2,086) 1,157 3,057
Amortization of mortgages and notes payable fair value adjustments 1,449 705 (234)
Impairments of real estate assets 423 1,445 0
Losses on debt extinguishment 0 26 0
Net gains on disposition of property (37,638) (54,157) (429,303)
Equity in earnings of unconsolidated affiliates (2,238) (7,404) (5,793)
Distributions of earnings from unconsolidated affiliates 2,104 5,078 4,424
Settlement of cash flow hedges 7,216 7,322 0
Changes in operating assets and liabilities:      
Accounts receivable 1,759 (4,974) 3,401
Prepaid expenses and other assets 1,217 7,908 (4,423)
Accrued straight-line rents receivable (23,203) (32,234) (24,245)
Accounts payable, accrued expenses and other liabilities (7,101) (1,520) (11,618)
Net cash provided by operating activities 358,628 352,532 305,805
Investing activities:      
Investments in acquired real estate and related intangible assets, net of cash acquired (50,649) (1,840) (110,249)
Investments in development in-process (150,310) (150,944) (177,875)
Investments in tenant improvements and deferred leasing costs (121,534) (109,742) (91,423)
Investments in building improvements (68,256) (63,780) (80,672)
Net proceeds from disposition of real estate assets 88,813 129,503 684,371
Distributions of capital from unconsolidated affiliates 105 11,670 2,766
Investments in mortgages and notes receivable 0 0 (7,934)
Repayments of mortgages and notes receivable 1,312 2,917 1,699
Investments in and advances to unconsolidated affiliates 0 (10,063) (105)
Repayments from unconsolidated affiliates 0 0 448
Changes in other investing activities (6,230) (8,023) (4,764)
Net cash provided by/(used in) investing activities (306,749) (200,302) 216,262
Financing activities:      
Dividends on Common Stock (191,302) (180,805) (166,861)
Special dividend on Common Stock 0 (81,205) 0
Redemptions/repurchases of Preferred Stock (15) (28) (130)
Dividends on Preferred Stock (2,492) (2,492) (2,501)
Distributions to noncontrolling interests in the Operating Partnership (5,167) (4,987) (4,888)
Special distribution to noncontrolling interests in the Operating Partnership 0 (2,271) 0
Distributions to noncontrolling interests in consolidated affiliates (1,047) (1,784) (1,267)
Proceeds from the issuance of Common Stock 3,637 76,268 264,769
Costs paid for the issuance of Common Stock (95) (1,283) (3,973)
Repurchase of shares related to tax withholdings (1,677) (4,008) (4,416)
Borrowings on revolving credit facility 438,900 780,300 287,600
Repayments of revolving credit facility (501,900) (535,300) (586,600)
Borrowings on mortgages and notes payable 345,863 656,001 150,000
Repayments of mortgages and notes payable (211,803) (832,553) (395,993)
Payments of debt extinguishment costs 0 (57) 0
Changes in debt issuance costs and other financing activities (2,971) (8,324) (981)
Net cash used in financing activities (130,069) (142,528) (465,241)
Net increase/(decrease) in cash and cash equivalents and restricted cash (78,190) 9,702 56,826
Cash and cash equivalents and restricted cash at beginning of the period 88,333 78,631 21,805
Cash and cash equivalents and restricted cash at end of the period 10,143 88,333 78,631
Reconciliation of cash and cash equivalents and restricted cash:      
Cash and cash equivalents at end of the period 3,769 3,272 49,490
Restricted cash at end of the period 6,374 85,061 29,141
Supplemental disclosure of cash flow information:      
Cash paid for interest, net of amounts capitalized 67,235 68,207 72,847
Supplemental disclosure of non-cash investing and financing activities:      
Unrealized gains on cash flow hedges 4,161 1,732 5,703
Conversions of Common Units to Common Stock 4,043 511 3,057
Changes in accrued capital expenditures (165) (1,912) 8,580
Write-off of fully depreciated real estate assets 76,558 59,108 39,262
Write-off of fully amortized leasing costs 34,191 40,517 25,569
Write-off of fully amortized debt issuance costs 2,733 11,724 964
Adjustment of noncontrolling interests in the Operating Partnership to fair value (33,427) (354) 12,993
Contingent consideration in connection with the acquisition of land 0 750 0
Special dividend on Common Stock declared 0 0 (81,205)
Special distribution to noncontrolling interests in the Operating Partnership declared 0 0 (2,271)
Highwoods Realty Limited Partnership [Member]      
Operating activities:      
Net income 177,630 191,663 541,139
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 229,955 227,832 220,140
Amortization of lease incentives and acquisition-related intangible assets and liabilities (1,943) (1,172) (1,996)
Share-based compensation expense 7,466 6,692 6,251
Allowance for losses on accounts and accrued straight-line rents receivable 1,212 1,508 2,001
Accrued interest on mortgages and notes receivable (451) (509) (502)
Amortization of debt issuance costs 2,857 3,166 3,506
Amortization of cash flow hedges (2,086) 1,157 3,057
Amortization of mortgages and notes payable fair value adjustments 1,449 705 (234)
Impairments of real estate assets 423 1,445 0
Losses on debt extinguishment 0 26 0
Net gains on disposition of property (37,638) (54,157) (429,303)
Equity in earnings of unconsolidated affiliates (2,238) (7,404) (5,793)
Distributions of earnings from unconsolidated affiliates 2,104 5,078 4,011
Settlement of cash flow hedges 7,216 7,322 0
Changes in operating assets and liabilities:      
Accounts receivable 1,759 (4,974) 3,401
Prepaid expenses and other assets 1,217 7,908 (4,423)
Accrued straight-line rents receivable (23,203) (32,234) (24,245)
Accounts payable, accrued expenses and other liabilities (7,101) (1,520) (11,618)
Net cash provided by operating activities 358,628 352,532 305,392
Investing activities:      
Investments in acquired real estate and related intangible assets, net of cash acquired (50,649) (1,840) (110,249)
Investments in development in-process (150,310) (150,944) (177,875)
Investments in tenant improvements and deferred leasing costs (121,534) (109,742) (91,423)
Investments in building improvements (68,256) (63,780) (80,672)
Net proceeds from disposition of real estate assets 88,813 129,503 684,371
Distributions of capital from unconsolidated affiliates 105 11,670 3,179
Investments in mortgages and notes receivable 0 0 (7,934)
Repayments of mortgages and notes receivable 1,312 2,917 1,699
Investments in and advances to unconsolidated affiliates 0 (10,063) (105)
Repayments from unconsolidated affiliates 0 0 448
Changes in other investing activities (6,230) (8,023) (4,764)
Net cash provided by/(used in) investing activities (306,749) (200,302) 216,675
Financing activities:      
Distributions on Common Units (195,712) (185,072) (171,054)
Special distribution on Common Units 0 (83,149) 0
Redemptions/repurchases of Preferred Units (15) (28) (130)
Distributions on Preferred Units (2,492) (2,492) (2,501)
Distributions to noncontrolling interests in consolidated affiliates (1,047) (1,784) (1,267)
Proceeds from the issuance of Common Units 3,637 76,268 264,769
Costs paid for the issuance of Common Units (95) (1,283) (3,973)
Repurchase of units related to tax withholdings (1,677) (4,008) (4,416)
Borrowings on revolving credit facility 438,900 780,300 287,600
Repayments of revolving credit facility (501,900) (535,300) (586,600)
Borrowings on mortgages and notes payable 345,863 656,001 150,000
Repayments of mortgages and notes payable (211,803) (832,553) (395,993)
Payments of debt extinguishment costs 0 (57) 0
Changes in debt issuance costs and other financing activities (3,728) (9,371) (1,676)
Net cash used in financing activities (130,069) (142,528) (465,241)
Net increase/(decrease) in cash and cash equivalents and restricted cash (78,190) 9,702 56,826
Cash and cash equivalents and restricted cash at beginning of the period 88,333 78,631 21,805
Cash and cash equivalents and restricted cash at end of the period 10,143 88,333 78,631
Reconciliation of cash and cash equivalents and restricted cash:      
Cash and cash equivalents at end of the period 3,769 3,272 49,490
Restricted cash at end of the period 6,374 85,061 29,141
Supplemental disclosure of cash flow information:      
Cash paid for interest, net of amounts capitalized 67,235 68,207 72,847
Supplemental disclosure of non-cash investing and financing activities:      
Unrealized gains on cash flow hedges 4,161 1,732 5,703
Changes in accrued capital expenditures (165) (1,912) 8,580
Write-off of fully depreciated real estate assets 76,558 59,108 39,262
Write-off of fully amortized leasing costs 34,191 40,517 25,569
Write-off of fully amortized debt issuance costs 2,733 11,724 964
Adjustment of Redeemable Common Units to fair value (38,049) (793) 18,373
Contingent consideration in connection with the acquisition of land 0 750 0
Special distribution on Common Units declared $ 0 $ 0 $ (83,149)