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Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Operating activities:      
Net income $ 357,914 $ 141,683 $ 177,630
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 241,585 254,504 229,955
Amortization of lease incentives and acquisition-related intangible assets and liabilities (2,537) (505) (1,943)
Share-based compensation expense 6,210 7,180 7,466
Credit losses on operating lease receivables 5,458 9,861 1,212
Write-off of mortgages and notes receivable 0 4,087 0
Accrued interest on mortgages and notes receivable (118) (184) (451)
Amortization of debt issuance costs 3,092 2,970 2,857
Amortization of cash flow hedges 247 (1,250) (2,086)
Amortization of mortgages and notes payable fair value adjustments 1,681 1,619 1,449
Impairments of real estate assets 1,778 5,849 423
Losses on debt extinguishment 3,674 640 0
Net gains on disposition of property (215,897) (39,517) (37,638)
Equity in earnings of unconsolidated affiliates (4,005) (3,276) (2,238)
Distributions of earnings from unconsolidated affiliates 1,533 1,149 2,104
Settlement of cash flow hedges 0 (11,749) 7,216
Changes in operating assets and liabilities:      
Accounts receivable 437 (3,271) 1,759
Prepaid expenses and other assets (365) 1,610 1,217
Accrued straight-line rents receivable (36,576) (29,828) (23,203)
Accounts payable, accrued expenses and other liabilities (5,951) 24,225 (7,101)
Net cash provided by operating activities 358,160 365,797 358,628
Investing activities:      
Investments in acquired real estate and related intangible assets, net of cash acquired (2,363) (424,222) (50,649)
Investments in development in-process (160,612) (116,111) (150,310)
Investments in tenant improvements and deferred leasing costs (137,997) (138,754) (121,534)
Investments in building improvements (62,154) (53,826) (68,256)
Net proceeds from disposition of real estate assets 484,311 133,326 88,813
Distributions of capital from unconsolidated affiliates 72 7,833 105
Investments in mortgages and notes receivable (32) 0 0
Repayments of mortgages and notes receivable 310 295 1,312
Investments in and advances to unconsolidated affiliates 0 (9,977) 0
Changes in other investing activities (10,853) (5,971) (6,230)
Net cash provided by/(used in) investing activities 110,682 (607,407) (306,749)
Financing activities:      
Dividends on Common Stock (199,331) (196,935) (191,302)
Redemptions/repurchases of Preferred Stock (33) (18) (15)
Dividends on Preferred Stock (2,488) (2,488) (2,492)
Distributions to noncontrolling interests in the Operating Partnership (5,456) (5,189) (5,167)
Distributions to noncontrolling interests in consolidated affiliates (1,138) (1,767) (1,047)
Proceeds from the issuance of Common Stock 3,571 2,086 3,637
Costs paid for the issuance of Common Stock (215) 0 (95)
Repurchase of shares related to tax withholdings (1,160) (1,788) (1,677)
Borrowings on revolving credit facility 129,000 604,600 438,900
Repayments of revolving credit facility (350,000) (565,600) (501,900)
Borrowings on mortgages and notes payable 398,364 747,990 345,863
Repayments of mortgages and notes payable (251,952) (326,876) (211,803)
Payments of debt extinguishment costs (3,193) 0 0
Changes in debt issuance costs and other financing activities (10,309) (7,806) (2,971)
Net cash provided by/(used in) financing activities (294,340) 246,209 (130,069)
Net increase/(decrease) in cash and cash equivalents and restricted cash 174,502 4,599 (78,190)
Cash and cash equivalents and restricted cash at beginning of the period 14,742 10,143 88,333
Cash and cash equivalents and restricted cash at end of the period 189,244 14,742 10,143
Reconciliation of cash and cash equivalents and restricted cash:      
Cash and cash equivalents at end of the period 109,322 9,505 3,769
Restricted cash at end of the period 79,922 5,237 6,374
Supplemental disclosure of cash flow information:      
Cash paid for interest, net of amounts capitalized 72,350 72,014 67,235
Supplemental disclosure of non-cash investing and financing activities:      
Unrealized gains on cash flow hedges (1,238) (9,134) 4,161
Conversions of Common Units to Common Stock 145 663 4,043
Changes in accrued capital expenditures (1) (1,913) 5,625 (165)
Write-off of fully depreciated real estate assets 46,656 85,727 76,558
Write-off of fully amortized leasing costs 25,618 45,042 34,191
Write-off of fully amortized debt issuance costs 1,438 1,791 2,733
Adjustment of noncontrolling interests in the Operating Partnership to fair value (30,617) 29,557 (33,427)
Issuances of Common Units to acquire real estate assets 6,163 0 0
Contingent consideration in connection with the acquisition of land 0 1,200 0
Contributions from noncontrolling interests in consolidated affiliates 0 4,987 0
Initial recognition of lease liabilities related to right of use assets 0 35,349 0
Accrued capital expenditures included in accounts payable, accrued expenses and other liabilities 66,000 67,900 62,200
Highwoods Realty Limited Partnership [Member]      
Operating activities:      
Net income 357,914 141,683 177,630
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 241,585 254,504 229,955
Amortization of lease incentives and acquisition-related intangible assets and liabilities (2,537) (505) (1,943)
Share-based compensation expense 6,210 7,180 7,466
Credit losses on operating lease receivables 5,458 9,861 1,212
Write-off of mortgages and notes receivable 0 4,087 0
Accrued interest on mortgages and notes receivable (118) (184) (451)
Amortization of debt issuance costs 3,092 2,970 2,857
Amortization of cash flow hedges 247 (1,250) (2,086)
Amortization of mortgages and notes payable fair value adjustments 1,681 1,619 1,449
Impairments of real estate assets 1,778 5,849 423
Losses on debt extinguishment 3,674 640 0
Net gains on disposition of property (215,897) (39,517) (37,638)
Equity in earnings of unconsolidated affiliates (4,005) (3,276) (2,238)
Distributions of earnings from unconsolidated affiliates 1,533 1,149 2,104
Settlement of cash flow hedges 0 (11,749) 7,216
Changes in operating assets and liabilities:      
Accounts receivable 437 (3,271) 1,759
Prepaid expenses and other assets (365) 1,610 1,217
Accrued straight-line rents receivable (36,576) (29,828) (23,203)
Accounts payable, accrued expenses and other liabilities (5,951) 24,225 (7,101)
Net cash provided by operating activities 358,160 365,797 358,628
Investing activities:      
Investments in acquired real estate and related intangible assets, net of cash acquired (2,363) (424,222) (50,649)
Investments in development in-process (160,612) (116,111) (150,310)
Investments in tenant improvements and deferred leasing costs (137,997) (138,754) (121,534)
Investments in building improvements (62,154) (53,826) (68,256)
Net proceeds from disposition of real estate assets 484,311 133,326 88,813
Distributions of capital from unconsolidated affiliates 72 7,833 105
Investments in mortgages and notes receivable (32) 0 0
Repayments of mortgages and notes receivable 310 295 1,312
Investments in and advances to unconsolidated affiliates 0 (9,977) 0
Changes in other investing activities (10,853) (5,971) (6,230)
Net cash provided by/(used in) investing activities 110,682 (607,407) (306,749)
Financing activities:      
Distributions on Common Units (204,002) (201,347) (195,712)
Redemptions/repurchases of Preferred Units (33) (18) (15)
Distributions on Preferred Units (2,488) (2,488) (2,492)
Distributions to noncontrolling interests in consolidated affiliates (1,138) (1,767) (1,047)
Proceeds from the issuance of Common Units 3,571 2,086 3,637
Costs paid for the issuance of Common Units (215) 0 (95)
Repurchase of units related to tax withholdings (1,160) (1,788) (1,677)
Borrowings on revolving credit facility 129,000 604,600 438,900
Repayments of revolving credit facility (350,000) (565,600) (501,900)
Borrowings on mortgages and notes payable 398,364 747,990 345,863
Repayments of mortgages and notes payable (251,952) (326,876) (211,803)
Payments of debt extinguishment costs (3,193) 0 0
Changes in debt issuance costs and other financing activities (11,094) (8,583) (3,728)
Net cash provided by/(used in) financing activities (294,340) 246,209 (130,069)
Net increase/(decrease) in cash and cash equivalents and restricted cash 174,502 4,599 (78,190)
Cash and cash equivalents and restricted cash at beginning of the period 14,742 10,143 88,333
Cash and cash equivalents and restricted cash at end of the period 189,244 14,742 10,143
Reconciliation of cash and cash equivalents and restricted cash:      
Cash and cash equivalents at end of the period 109,322 9,505 3,769
Restricted cash at end of the period 79,922 5,237 6,374
Supplemental disclosure of cash flow information:      
Cash paid for interest, net of amounts capitalized 72,350 72,014 67,235
Supplemental disclosure of non-cash investing and financing activities:      
Unrealized gains on cash flow hedges (1,238) (9,134) 4,161
Changes in accrued capital expenditures (1) (1,913) 5,625 (165)
Write-off of fully depreciated real estate assets 46,656 85,727 76,558
Write-off of fully amortized leasing costs 25,618 45,042 34,191
Write-off of fully amortized debt issuance costs 1,438 1,791 2,733
Adjustment of Redeemable Common Units to fair value (26,880) 27,256 (38,049)
Issuances of Common Units to acquire real estate assets 6,163 0 0
Contingent consideration in connection with the acquisition of land 0 1,200 0
Contributions from noncontrolling interests in consolidated affiliates 0 4,987 0
Initial recognition of lease liabilities related to right of use assets 0 35,349 0
Accrued capital expenditures included in accounts payable, accrued expenses and other liabilities $ 66,000 $ 67,900 $ 62,200