Consolidated Statements of Cash Flows (USD $) | 3 Months Ended |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Cash flows from operating activities: | | |
Net income (loss) | $65,969 | $25,571 |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | | |
Depreciation of buildings and tenant improvements | 66,835 | 71,393 |
Amortization of deferred leasing and other costs | 18,585 | 26,871 |
Amortization of deferred financing costs | 2,130 | 2,499 |
Straight-line rental income and expense, net | -8,819 | -5,974 |
Gains on land and depreciated property sales | -47,284 | -30,106 |
Third-party construction contracts, net | -1,240 | 411 |
Other accrued revenues and expenses, net | -52,033 | -33,911 |
Operating distributions received in excess of (less than) equity in earnings from unconsolidated companies | -1,465 | 2,383 |
Net cash provided by operating activities | 42,678 | 59,137 |
Cash flows from investing activities: | | |
Development of real estate investments | -66,754 | -105,413 |
Acquisition of real estate investments and related intangible assets | -890 | -17,224 |
Acquisition of undeveloped land | 0 | -2,270 |
Second generation tenant improvements, leasing costs and building improvements | -17,496 | -19,631 |
Other deferred leasing costs | -13,122 | -8,706 |
Other assets | 13,283 | 5,539 |
Proceeds from land and depreciated property sales, net | 109,892 | 70,673 |
Capital distributions from unconsolidated companies | 2,164 | 2,546 |
Capital contributions and advances to unconsolidated companies | -49,689 | -420 |
Net cash provided by (used for) investing activities | -22,612 | -74,906 |
Cash flows from financing activities: | | |
Proceeds from issuance of common shares, net | 4,882 | 23,783 |
Payments for redemption/repurchase of preferred shares/units | 0 | -17,656 |
Payments on unsecured debt | -250,544 | -511 |
Payments on secured indebtedness including principal amortization | -63,151 | -21,471 |
Borrowings (payments) on line of credit, net | 347,000 | 92,000 |
Distributions to common shareholders/unitholders | -58,607 | -55,596 |
Distributions to preferred shareholders/unitholders | 0 | -7,140 |
Distributions to Noncontrolling Interest, Net | -706 | -770 |
Change in book overdrafts | 1,054 | 3,629 |
Deferred financing costs | -110 | -300 |
Net cash provided by (used for) financing activities | -20,182 | 15,968 |
Net increase (decrease) in cash and cash equivalents | -116 | 199 |
Cash and cash equivalents at beginning of period | 17,922 | 19,275 |
Cash and cash equivalents at end of period | 17,806 | 19,474 |
Noncash investing and financing activities: | | |
Assumption of indebtedness and other liabilities in real estate acquisitions | 0 | 76 |
Conversion of Limited Partner Units to common shares | 350 | 0 |
Duke Realty Limited Partnership [Member] | | |
Cash flows from operating activities: | | |
Net income (loss) | 65,969 | 25,571 |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | | |
Depreciation of buildings and tenant improvements | 66,835 | 71,393 |
Amortization of deferred leasing and other costs | 18,585 | 26,871 |
Amortization of deferred financing costs | 2,130 | 2,499 |
Straight-line rental income and expense, net | -8,819 | -5,974 |
Gains on land and depreciated property sales | -47,284 | -30,106 |
Third-party construction contracts, net | -1,240 | 411 |
Other accrued revenues and expenses, net | -52,036 | -33,911 |
Operating distributions received in excess of (less than) equity in earnings from unconsolidated companies | -1,465 | 2,383 |
Net cash provided by operating activities | 42,675 | 59,137 |
Cash flows from investing activities: | | |
Development of real estate investments | -66,754 | -105,413 |
Acquisition of real estate investments and related intangible assets | -890 | -17,224 |
Acquisition of undeveloped land | 0 | -2,270 |
Second generation tenant improvements, leasing costs and building improvements | -17,496 | -19,631 |
Other deferred leasing costs | -13,122 | -8,706 |
Other assets | 13,283 | 5,539 |
Proceeds from land and depreciated property sales, net | 109,892 | 70,673 |
Capital distributions from unconsolidated companies | 2,164 | 2,546 |
Capital contributions and advances to unconsolidated companies | -49,689 | -420 |
Net cash provided by (used for) investing activities | -22,612 | -74,906 |
Cash flows from financing activities: | | |
Contributions from the General Partner | 4,885 | 23,783 |
Payments for redemption/repurchase of preferred shares/units | 0 | -17,656 |
Payments on unsecured debt | -250,544 | -511 |
Payments on secured indebtedness including principal amortization | -63,151 | -21,471 |
Borrowings (payments) on line of credit, net | 347,000 | 92,000 |
Distributions to common shareholders/unitholders | -59,239 | -56,342 |
Distributions to preferred shareholders/unitholders | 0 | -7,140 |
Distributions to Noncontrolling Interest, Net | -74 | -24 |
Change in book overdrafts | 1,054 | 3,629 |
Deferred financing costs | -110 | -300 |
Net cash provided by (used for) financing activities | -20,179 | 15,968 |
Net increase (decrease) in cash and cash equivalents | -116 | 199 |
Cash and cash equivalents at beginning of period | 17,922 | 19,275 |
Cash and cash equivalents at end of period | 17,806 | 19,474 |
Noncash investing and financing activities: | | |
Assumption of indebtedness and other liabilities in real estate acquisitions | 0 | 76 |
Conversion of Limited Partner Units to common shares | $350 | $0 |