Consolidated Statements of Cash Flows (USD $) | 9 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
BIOMED REALTY, L.P. | ' | ' |
Interest Paid, Capitalized | $15,734 | $9,999 |
Operating Activities | ' | ' |
Net income / (loss) | 56,841 | 36,633 |
Adjustments to reconcile net income to net cash provided by operating activities | ' | ' |
Depreciation and amortization | 189,597 | 186,219 |
Allowance for doubtful accounts | 526 | 730 |
Non-cash revenue adjustments | 942 | 9,590 |
Other non-cash adjustments | 5,146 | 9,903 |
Compensation expense related to restricted common stock and LTIP units / share-based payments | 11,137 | 9,567 |
Distributions representing a return on capital from unconsolidated partnerships | 399 | 178 |
Change in operating assets and liabilities | ' | ' |
Accounts receivable | -10,607 | -5,573 |
Accrued straight-line rents | -10,466 | -17,470 |
Deferred leasing costs | -10,526 | -12,833 |
Other assets | -24,478 | -14,001 |
Accounts payable, accrued expenses and other liabilities | 15,355 | 1,759 |
Net cash provided by operating activities | 223,866 | 204,702 |
Investing activities | ' | ' |
Purchases of investments in real estate and related intangible assets | -130,458 | -471,910 |
Capital expenditures | -300,716 | -142,833 |
Contributions from historic tax credit transactions, net of deferred costs | 22,557 | 8,620 |
Contributions From New Market Tax Credit Transaction Net Of Deferred Costs | ' | 4,078 |
Draws on construction loan receivable | -39,769 | -95,303 |
Proceeds from Collection of Loans Receivable | 184,239 | ' |
Contributions to unconsolidated partnerships, net | -4,760 | -983 |
Purchases of debt and equity securities | -15,725 | -12,674 |
Proceeds from the sale of debt and equity securities | 13,952 | 6,103 |
Net cash used in investing activities | -270,680 | -704,902 |
Financing activities | ' | ' |
Proceeds from issuance of OP units | ' | 641,130 |
Redemption of Series A preferred stock | ' | -198,000 |
Payments of Debt Issuance Costs | 3,101 | 7,172 |
Unsecured line of credit proceeds | 732,000 | 687,000 |
Unsecured line of credit payments | -631,000 | -785,000 |
Proceeds from Sale and Collection of Mortgage Notes Receivable | 39,237 | 4,182 |
Principal payments on mortgage notes payable | -340,124 | -112,837 |
Proceeds from Issuance of Other Long-term Debt | 0 | 350,000 |
Proceeds from Issuance of Senior Long-term Debt | 397,632 | 0 |
Proceeds from (Repayments of) Restricted Cash, Financing Activities | ' | 60,000 |
Dividends paid to common stockholders / unitholders | -148,464 | -123,751 |
Dividends paid to preferred stockholders / unitholders | ' | -6,045 |
Net cash provided by financing activities | 46,180 | 509,507 |
Effect of exchange rate changes on cash and cash equivalents | -208 | -53 |
Net increase / (decrease) in cash and cash equivalents | -842 | 9,254 |
Cash and cash equivalents at beginning of period | 34,706 | 19,976 |
Cash and cash equivalents at end of period | 33,864 | 29,230 |
Supplemental disclosure of cash flow information: | ' | ' |
Cash paid during the period for interest (net of amounts capitalized of $15,734 and $9,999 during the nine months ended September 30, 2014 and 2013, respectively) | 59,233 | 67,079 |
Supplemental disclosure of non-cash investing and financing activities: | ' | ' |
Accrual for common stock dividends / unit distributions declared | 50,714 | 46,418 |
Accrued additions to real estate and related intangible assets | 113,704 | 60,246 |
Debt Instrument, Unamortized Premium | 3,966 | 8,671 |
Equity issued in connection with Wexford Merger and 320 Charles Street acquisition | 0 | 165,114 |
Notes Assumed | 71,937 | 254,660 |
Stock Issued During Period, Value, Conversion of Convertible Securities | 84,322 | 0 |
Equity issued in connection with 100 College Street and 300 George Street acquisition | 21,740 | ' |
Parent Company | ' | ' |
Interest Paid, Capitalized | 15,734 | 9,999 |
Operating Activities | ' | ' |
Net income / (loss) | 56,841 | 36,633 |
Adjustments to reconcile net income to net cash provided by operating activities | ' | ' |
Depreciation and amortization | 189,597 | 186,219 |
Allowance for doubtful accounts | 526 | 730 |
Non-cash revenue adjustments | 942 | 9,590 |
Other non-cash adjustments | 5,146 | 9,903 |
Compensation expense related to restricted common stock and LTIP units / share-based payments | 11,137 | 9,567 |
Distributions representing a return on capital from unconsolidated partnerships | 399 | 178 |
Change in operating assets and liabilities | ' | ' |
Accounts receivable | -10,607 | -5,573 |
Accrued straight-line rents | -10,466 | -17,470 |
Deferred leasing costs | -10,526 | -12,833 |
Other assets | -24,478 | -14,001 |
Accounts payable, accrued expenses and other liabilities | 15,355 | 1,759 |
Net cash provided by operating activities | 223,866 | 204,702 |
Investing activities | ' | ' |
Purchases of investments in real estate and related intangible assets | -130,458 | -471,910 |
Capital expenditures | -300,716 | -142,833 |
Contributions from historic tax credit transactions, net of deferred costs | 22,557 | 8,620 |
Contributions From New Market Tax Credit Transaction Net Of Deferred Costs | ' | 4,078 |
Draws on construction loan receivable | -39,769 | -95,303 |
Proceeds from Collection of Loans Receivable | 184,239 | ' |
Contributions to unconsolidated partnerships, net | -4,760 | -983 |
Purchases of debt and equity securities | -15,725 | -12,674 |
Proceeds from the sale of debt and equity securities | 13,952 | 6,103 |
Net cash used in investing activities | -270,680 | -704,902 |
Financing activities | ' | ' |
Proceeds from common stock offering | ' | 668,553 |
Payment of offering costs | ' | -27,423 |
Redemption of Series A preferred stock | ' | -198,000 |
Payments of Debt Issuance Costs | 3,101 | 7,172 |
Unsecured line of credit proceeds | 732,000 | 687,000 |
Unsecured line of credit payments | -631,000 | -785,000 |
Proceeds from Sale and Collection of Mortgage Notes Receivable | 39,237 | 4,182 |
Principal payments on mortgage notes payable | -340,124 | -112,837 |
Proceeds from Issuance of Other Long-term Debt | ' | 350,000 |
Proceeds from Issuance of Senior Long-term Debt | 397,632 | ' |
Proceeds from (Repayments of) Restricted Cash, Financing Activities | ' | 60,000 |
Distributions to operating partnership unit and LTIP unit holders | -4,175 | -2,648 |
Dividends paid to common stockholders / unitholders | -144,289 | -121,103 |
Dividends paid to preferred stockholders / unitholders | ' | -6,045 |
Net cash provided by financing activities | 46,180 | 509,507 |
Effect of exchange rate changes on cash and cash equivalents | -208 | -53 |
Net increase / (decrease) in cash and cash equivalents | -842 | 9,254 |
Cash and cash equivalents at beginning of period | 34,706 | 19,976 |
Cash and cash equivalents at end of period | 33,864 | 29,230 |
Supplemental disclosure of cash flow information: | ' | ' |
Cash paid during the period for interest (net of amounts capitalized of $15,734 and $9,999 during the nine months ended September 30, 2014 and 2013, respectively) | 59,233 | 67,079 |
Supplemental disclosure of non-cash investing and financing activities: | ' | ' |
Accrual for common stock dividends / unit distributions declared | 49,363 | 45,145 |
Accrual for distributions declared for operating partnership unit and LTIP unit holders | 1,351 | 1,273 |
Accrued additions to real estate and related intangible assets | 113,704 | 60,246 |
Debt Instrument, Unamortized Premium | 3,966 | 8,671 |
Equity issued in connection with Wexford Merger and 320 Charles Street acquisition | 0 | 165,114 |
Notes Assumed | 71,937 | 254,660 |
Stock Issued During Period, Value, Conversion of Convertible Securities | 84,322 | 0 |
Equity issued in connection with 100 College Street and 300 George Street acquisition | $21,740 | ' |