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Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Operating activities:      
Net income $ 141,683 $ 177,630 $ 191,663
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 254,504 229,955 227,832
Amortization of lease incentives and acquisition-related intangible assets and liabilities (505) (1,943) (1,172)
Share-based compensation expense 7,180 7,466 6,692
Credit losses on operating lease receivables 9,861 1,212 1,508
Write-off of mortgages and notes receivable 4,087 0 0
Accrued interest on mortgages and notes receivable (184) (451) (509)
Amortization of debt issuance costs 2,970 2,857 3,166
Amortization of cash flow hedges (1,250) (2,086) 1,157
Amortization of mortgages and notes payable fair value adjustments 1,619 1,449 705
Impairments of real estate assets 5,849 423 1,445
Losses on debt extinguishment 640 0 26
Net gains on disposition of property (39,517) (37,638) (54,157)
Equity in earnings of unconsolidated affiliates (3,276) (2,238) (7,404)
Distributions of earnings from unconsolidated affiliates 1,149 2,104 5,078
Settlement of cash flow hedges (11,749) 7,216 7,322
Changes in operating assets and liabilities:      
Accounts receivable (3,271) 1,759 (4,974)
Prepaid expenses and other assets 1,610 1,217 7,908
Accrued straight-line rents receivable (29,828) (23,203) (32,234)
Accounts payable, accrued expenses and other liabilities 24,225 (7,101) (1,520)
Net cash provided by operating activities 365,797 358,628 352,532
Investing activities:      
Investments in acquired real estate and related intangible assets, net of cash acquired (424,222) (50,649) (1,840)
Investments in development in-process (116,111) (150,310) (150,944)
Investments in tenant improvements and deferred leasing costs (138,754) (121,534) (109,742)
Investments in building improvements (53,826) (68,256) (63,780)
Net proceeds from disposition of real estate assets 133,326 88,813 129,503
Distributions of capital from unconsolidated affiliates 7,833 105 11,670
Repayments of mortgages and notes receivable 295 1,312 2,917
Investments in and advances to unconsolidated affiliates (9,977) 0 (10,063)
Changes in other investing activities (5,971) (6,230) (8,023)
Net cash used in investing activities (607,407) (306,749) (200,302)
Financing activities:      
Dividends on Common Stock (196,935) (191,302) (180,805)
Special dividend on Common Stock 0 0 (81,205)
Redemptions/repurchases of Preferred Stock (18) (15) (28)
Dividends on Preferred Stock (2,488) (2,492) (2,492)
Distributions to noncontrolling interests in the Operating Partnership (5,189) (5,167) (4,987)
Special distribution to noncontrolling interests in the Operating Partnership 0 0 (2,271)
Distributions to noncontrolling interests in consolidated affiliates (1,767) (1,047) (1,784)
Proceeds from the issuance of Common Stock 2,086 3,637 76,268
Costs paid for the issuance of Common Stock 0 (95) (1,283)
Repurchase of shares related to tax withholdings (1,788) (1,677) (4,008)
Borrowings on revolving credit facility 604,600 438,900 780,300
Repayments of revolving credit facility (565,600) (501,900) (535,300)
Borrowings on mortgages and notes payable 747,990 345,863 656,001
Repayments of mortgages and notes payable (326,876) (211,803) (832,553)
Payments of debt extinguishment costs 0 0 (57)
Changes in debt issuance costs and other financing activities (7,806) (2,971) (8,324)
Net cash provided by/(used in) financing activities 246,209 (130,069) (142,528)
Net increase/(decrease) in cash and cash equivalents and restricted cash 4,599 (78,190) 9,702
Cash and cash equivalents and restricted cash at beginning of the period 10,143 88,333 78,631
Cash and cash equivalents and restricted cash at end of the period 14,742 10,143 88,333
Reconciliation of cash and cash equivalents and restricted cash:      
Cash and cash equivalents at end of the period 9,505 3,769 3,272
Restricted cash at end of the period 5,237 6,374 85,061
Supplemental disclosure of cash flow information:      
Cash paid for interest, net of amounts capitalized 72,014 67,235 68,207
Supplemental disclosure of non-cash investing and financing activities:      
Unrealized gains on cash flow hedges (9,134) 4,161 1,732
Conversions of Common Units to Common Stock 663 4,043 511
Changes in accrued capital expenditures 5,625 (165) (1,912)
Write-off of fully depreciated real estate assets 85,727 76,558 59,108
Write-off of fully amortized leasing costs 45,042 34,191 40,517
Write-off of fully amortized debt issuance costs 1,791 2,733 11,724
Adjustment of noncontrolling interests in the Operating Partnership to fair value 29,557 (33,427) (354)
Contingent consideration in connection with the acquisition of land 1,200 0 750
Contributions from noncontrolling interests in consolidated affiliates 4,987 0 0
Initial recognition of lease liabilities related to right of use assets 35,349 0 0
Highwoods Realty Limited Partnership [Member]      
Operating activities:      
Net income 141,683 177,630 191,663
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 254,504 229,955 227,832
Amortization of lease incentives and acquisition-related intangible assets and liabilities (505) (1,943) (1,172)
Share-based compensation expense 7,180 7,466 6,692
Credit losses on operating lease receivables 9,861 1,212 1,508
Write-off of mortgages and notes receivable 4,087 0 0
Accrued interest on mortgages and notes receivable (184) (451) (509)
Amortization of debt issuance costs 2,970 2,857 3,166
Amortization of cash flow hedges (1,250) (2,086) 1,157
Amortization of mortgages and notes payable fair value adjustments 1,619 1,449 705
Impairments of real estate assets 5,849 423 1,445
Losses on debt extinguishment 640 0 26
Net gains on disposition of property (39,517) (37,638) (54,157)
Equity in earnings of unconsolidated affiliates (3,276) (2,238) (7,404)
Distributions of earnings from unconsolidated affiliates 1,149 2,104 5,078
Settlement of cash flow hedges (11,749) 7,216 7,322
Changes in operating assets and liabilities:      
Accounts receivable (3,271) 1,759 (4,974)
Prepaid expenses and other assets 1,610 1,217 7,908
Accrued straight-line rents receivable (29,828) (23,203) (32,234)
Accounts payable, accrued expenses and other liabilities 24,225 (7,101) (1,520)
Net cash provided by operating activities 365,797 358,628 352,532
Investing activities:      
Investments in acquired real estate and related intangible assets, net of cash acquired (424,222) (50,649) (1,840)
Investments in development in-process (116,111) (150,310) (150,944)
Investments in tenant improvements and deferred leasing costs (138,754) (121,534) (109,742)
Investments in building improvements (53,826) (68,256) (63,780)
Net proceeds from disposition of real estate assets 133,326 88,813 129,503
Distributions of capital from unconsolidated affiliates 7,833 105 11,670
Repayments of mortgages and notes receivable 295 1,312 2,917
Investments in and advances to unconsolidated affiliates (9,977) 0 (10,063)
Changes in other investing activities (5,971) (6,230) (8,023)
Net cash used in investing activities (607,407) (306,749) (200,302)
Financing activities:      
Distributions on Common Units (201,347) (195,712) (185,072)
Special distribution on Common Units 0 0 (83,149)
Redemptions/repurchases of Preferred Units (18) (15) (28)
Distributions on Preferred Units (2,488) (2,492) (2,492)
Distributions to noncontrolling interests in consolidated affiliates (1,767) (1,047) (1,784)
Proceeds from the issuance of Common Units 2,086 3,637 76,268
Costs paid for the issuance of Common Units 0 (95) (1,283)
Repurchase of units related to tax withholdings (1,788) (1,677) (4,008)
Borrowings on revolving credit facility 604,600 438,900 780,300
Repayments of revolving credit facility (565,600) (501,900) (535,300)
Borrowings on mortgages and notes payable 747,990 345,863 656,001
Repayments of mortgages and notes payable (326,876) (211,803) (832,553)
Payments of debt extinguishment costs 0 0 (57)
Changes in debt issuance costs and other financing activities (8,583) (3,728) (9,371)
Net cash provided by/(used in) financing activities 246,209 (130,069) (142,528)
Net increase/(decrease) in cash and cash equivalents and restricted cash 4,599 (78,190) 9,702
Cash and cash equivalents and restricted cash at beginning of the period 10,143 88,333 78,631
Cash and cash equivalents and restricted cash at end of the period 14,742 10,143 88,333
Reconciliation of cash and cash equivalents and restricted cash:      
Cash and cash equivalents at end of the period 9,505 3,769 3,272
Restricted cash at end of the period 5,237 6,374 85,061
Supplemental disclosure of cash flow information:      
Cash paid for interest, net of amounts capitalized 72,014 67,235 68,207
Supplemental disclosure of non-cash investing and financing activities:      
Unrealized gains on cash flow hedges (9,134) 4,161 1,732
Changes in accrued capital expenditures 5,625 (165) (1,912)
Write-off of fully depreciated real estate assets 85,727 76,558 59,108
Write-off of fully amortized leasing costs 45,042 34,191 40,517
Write-off of fully amortized debt issuance costs 1,791 2,733 11,724
Adjustment of Redeemable Common Units to fair value 27,256 (38,049) (793)
Contingent consideration in connection with the acquisition of land 1,200 0 750
Contributions from noncontrolling interests in consolidated affiliates 4,987 0 0
Initial recognition of lease liabilities related to right of use assets $ 35,349 $ 0 $ 0