Consolidated Statements of Cash Flows (USD $) | 9 Months Ended |
Sep. 30, 2013 | Sep. 30, 2012 |
Operating Activities | ' | ' |
Net income / (loss) | $12,000 | ' |
BIOMED REALTY, L.P. | ' | ' |
Operating Activities | ' | ' |
Net income / (loss) | 36,633,000 | 3,501,000 |
Adjustments to reconcile net income to net cash provided by operating activities | ' | ' |
Depreciation and amortization | 186,219,000 | 143,974,000 |
Allowance for doubtful accounts | 730,000 | 1,167,000 |
Non-cash revenue adjustments | 9,590,000 | 9,045,000 |
Other non-cash adjustments | 9,903,000 | 15,283,000 |
Compensation expense related to restricted common stock and LTIP units / share-based payments | 9,567,000 | 8,670,000 |
Distributions representing a return on capital from unconsolidated partnerships | 178,000 | 1,145,000 |
Change in operating assets and liabilities | ' | ' |
Accounts receivable | -5,573,000 | -2,040,000 |
Accrued straight-line rents | -17,470,000 | -15,740,000 |
Deferred leasing costs | -12,833,000 | -9,873,000 |
Other assets | -14,001,000 | -2,925,000 |
Accounts payable, accrued expenses and other liabilities | 1,759,000 | 23,825,000 |
Net cash provided by operating activities | 204,702,000 | 176,032,000 |
Investing activities | ' | ' |
Purchases of investments in real estate and related intangible assets | -471,910,000 | -367,785,000 |
Capital expenditures | -142,833,000 | -110,205,000 |
Contributions from historic tax credit transactions, net of deferred costs | 8,620,000 | ' |
Contributions from new market tax credit transactions, net of deferred costs | 4,078,000 | ' |
Draws on construction loan receivable | -95,303,000 | ' |
Contributions to unconsolidated partnerships, net | -983,000 | -1,351,000 |
Purchases of debt and equity securities | -12,674,000 | -5,101,000 |
Proceeds from the sale of debt and equity securities | 6,103,000 | 133,000 |
Net cash used in investing activities | -704,902,000 | -484,309,000 |
Financing activities | ' | ' |
Proceeds from issuance of OP units | 641,130,000 | ' |
Redemption of Series A preferred stock | -198,000,000 | ' |
Payments of deferred loan costs | -7,172,000 | -5,989,000 |
Unsecured line of credit proceeds | 687,000,000 | 543,000,000 |
Unsecured line of credit payments | -785,000,000 | -724,000,000 |
Mortgage notes proceeds | 4,182,000 | ' |
Principal payments on mortgage notes payable | -112,837,000 | -38,533,000 |
Proceeds from unsecured senior term loans | 350,000,000 | 556,404,000 |
Unsecured senior term loan payments | ' | -156,404,000 |
Proceeds from unsecured senior notes | ' | 247,815,000 |
Release of restriction of cash for repayment of debt | 60,000,000 | ' |
Dividends paid to common stockholders / unitholders | -123,751,000 | -98,981,000 |
Dividends paid to preferred stockholders / unitholders | -6,045,000 | -10,950,000 |
Net cash provided by financing activities | 509,507,000 | 312,362,000 |
Effect of exchange rate changes on cash and cash equivalents | -53,000 | 150,000 |
Net increase / (decrease) in cash and cash equivalents | 9,254,000 | 4,235,000 |
Cash and cash equivalents at beginning of period | 19,976,000 | 16,411,000 |
Cash and cash equivalents at end of period | 29,230,000 | 20,646,000 |
Supplemental disclosure of cash flow information: | ' | ' |
Cash paid during the period for interest (net of amounts capitalized of $9,999 and $6,376 during the nine months ended September 30, 2013 and 2012, respectively) | 67,079,000 | 58,978,000 |
Supplemental disclosure of non-cash investing and financing activities: | ' | ' |
Accrual for preferred stock dividends / unit distributions declared | ' | 3,651,000 |
Accrual for common stock dividends / unit distributions declared | 46,418,000 | 33,815,000 |
Accrued additions to real estate and related intangible assets | 60,246,000 | 28,545,000 |
Mortgage notes assumed (includes premiums of $8,671 and $1,802 during the nine months ended September 30, 2013 and 2012, respectively) | 254,660,000 | 25,947,000 |
Equity issued in connection with Wexford merger and 320 Charles Street acquisition | 165,114,000 | ' |
Deposits applied for acquisitions | ' | 18,649,000 |
Debt Instrument, Unamortized Premium | 8,671,000 | 1,802,000 |
Parent Company | ' | ' |
Operating Activities | ' | ' |
Net income / (loss) | 36,633,000 | 3,501,000 |
Adjustments to reconcile net income to net cash provided by operating activities | ' | ' |
Depreciation and amortization | 186,219,000 | 143,974,000 |
Allowance for doubtful accounts | 730,000 | 1,167,000 |
Non-cash revenue adjustments | 9,590,000 | 9,045,000 |
Other non-cash adjustments | 9,903,000 | 15,283,000 |
Compensation expense related to restricted common stock and LTIP units / share-based payments | 9,567,000 | 8,670,000 |
Distributions representing a return on capital from unconsolidated partnerships | 178,000 | 1,145,000 |
Change in operating assets and liabilities | ' | ' |
Accounts receivable | -5,573,000 | -2,040,000 |
Accrued straight-line rents | -17,470,000 | -15,740,000 |
Deferred leasing costs | -12,833,000 | -9,873,000 |
Other assets | -14,001,000 | -2,925,000 |
Accounts payable, accrued expenses and other liabilities | 1,759,000 | 23,825,000 |
Net cash provided by operating activities | 204,702,000 | 176,032,000 |
Investing activities | ' | ' |
Purchases of investments in real estate and related intangible assets | -471,910,000 | -367,785,000 |
Capital expenditures | -142,833,000 | -110,205,000 |
Contributions from historic tax credit transactions, net of deferred costs | 8,620,000 | ' |
Contributions from new market tax credit transactions, net of deferred costs | 4,078,000 | ' |
Draws on construction loan receivable | -95,303,000 | ' |
Contributions to unconsolidated partnerships, net | -983,000 | -1,351,000 |
Purchases of debt and equity securities | -12,674,000 | -5,101,000 |
Proceeds from the sale of debt and equity securities | 6,103,000 | 133,000 |
Net cash used in investing activities | -704,902,000 | -484,309,000 |
Financing activities | ' | ' |
Proceeds from common stock offering | 668,553,000 | ' |
Payment of offering costs | -27,423,000 | ' |
Redemption of Series A preferred stock | -198,000,000 | ' |
Payments of deferred loan costs | -7,172,000 | -5,989,000 |
Unsecured line of credit proceeds | 687,000,000 | 543,000,000 |
Unsecured line of credit payments | -785,000,000 | -724,000,000 |
Mortgage notes proceeds | 4,182,000 | ' |
Principal payments on mortgage notes payable | -112,837,000 | -38,533,000 |
Proceeds from unsecured senior term loans | 350,000,000 | 556,404,000 |
Unsecured senior term loan payments | ' | -156,404,000 |
Proceeds from unsecured senior notes | ' | 247,815,000 |
Release of restriction of cash for repayment of debt | 60,000,000 | ' |
Distributions to operating partnership unit and LTIP unit holders | -2,648,000 | -1,865,000 |
Dividends paid to common stockholders / unitholders | -121,103,000 | -97,116,000 |
Dividends paid to preferred stockholders / unitholders | -6,045,000 | -10,950,000 |
Net cash provided by financing activities | 509,507,000 | 312,362,000 |
Effect of exchange rate changes on cash and cash equivalents | -53,000 | 150,000 |
Net increase / (decrease) in cash and cash equivalents | 9,254,000 | 4,235,000 |
Cash and cash equivalents at beginning of period | 19,976,000 | 16,411,000 |
Cash and cash equivalents at end of period | 29,230,000 | 20,646,000 |
Supplemental disclosure of cash flow information: | ' | ' |
Cash paid during the period for interest (net of amounts capitalized of $9,999 and $6,376 during the nine months ended September 30, 2013 and 2012, respectively) | 67,079,000 | 58,978,000 |
Supplemental disclosure of non-cash investing and financing activities: | ' | ' |
Accrual for preferred stock dividends / unit distributions declared | ' | 3,651,000 |
Accrual for common stock dividends / unit distributions declared | 45,145,000 | 33,182,000 |
Accrual for distributions declared for operating partnership unit and LTIP unit holders | 1,273,000 | 633,000 |
Accrued additions to real estate and related intangible assets | 60,246,000 | 28,545,000 |
Mortgage notes assumed (includes premiums of $8,671 and $1,802 during the nine months ended September 30, 2013 and 2012, respectively) | 254,660,000 | 25,947,000 |
Equity issued in connection with Wexford merger and 320 Charles Street acquisition | 165,114,000 | ' |
Deposits applied for acquisitions | ' | 18,649,000 |
Debt Instrument, Unamortized Premium | $8,671,000 | $1,802,000 |