Consolidated Statements of Cash Flows (USD $) | 3 Months Ended |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Operating activities: | ' | ' |
Net income | $13,576 | $13,760 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Depreciation and amortization | 48,165 | 42,292 |
Amortization of lease incentives and acquisition-related intangible assets and liabilities | 82 | -136 |
Share-based compensation expense | 4,262 | 3,440 |
Allowance for losses on accounts and accrued straight-line rents receivable | 1,125 | 426 |
Accrued interest on mortgages and notes receivable | -115 | 0 |
Amortization of deferred financing costs | 652 | 949 |
Amortization of cash flow hedges | 928 | 788 |
Amortization of mortgages and notes payable fair value adjustments | -809 | 0 |
Impairments of real estate assets | 0 | 1,128 |
Losses on debt extinguishment | 0 | 164 |
Net gains on disposition of property | -384 | -1,244 |
Equity in (earnings)/losses of unconsolidated affiliates | 29 | -436 |
Changes in financing obligations | -221 | -105 |
Distributions of earnings from unconsolidated affiliates | 788 | 1,145 |
Changes in operating assets and liabilities: | ' | ' |
Accounts receivable | 713 | -1,479 |
Prepaid expenses and other assets | -5,260 | -2,533 |
Accrued straight-line rents receivable | -6,457 | -5,788 |
Accounts payable, accrued expenses and other liabilities | -25,690 | -10,252 |
Net cash provided by operating activities | 31,384 | 42,119 |
Investing activities: | ' | ' |
Investments in acquired real estate and related intangible assets, net of cash acquired | 0 | -88,332 |
Investments in development in process | -27,232 | -4,978 |
Investments in tenant improvements and deferred leasing costs | -24,782 | -18,004 |
Investments in building improvements | -13,007 | -13,107 |
Net proceeds from disposition of real estate assets | 0 | 14,971 |
Distributions of capital from unconsolidated affiliates | 230 | 363 |
Investments in mortgages and notes receivable | -108 | 0 |
Repayments of mortgages and notes receivable | 16,604 | 0 |
Investments in unconsolidated affiliates | 0 | -429 |
Changes in restricted cash and other investing activities | 4,043 | 10,262 |
Net cash (used in) investing activities | -44,252 | -99,254 |
Financing activities: | ' | ' |
Dividends on Common Stock | -38,225 | -34,259 |
Redemptions of Common Units | -93 | 0 |
Dividends on Preferred Stock | -627 | -627 |
Distributions to noncontrolling interests in the Operating Partnership | -1,249 | -1,584 |
Distributions to noncontrolling interests in consolidated affiliates | -522 | -265 |
Proceeds from the issuance of Common Stock | 1,313 | 59,019 |
Costs paid for the issuance of Common Stock | -14 | -701 |
Repurchase of shares related to tax withholdings | -1,523 | -2,514 |
Borrowings on revolving credit facility | 96,100 | 135,900 |
Repayments of revolving credit facility | -36,800 | -61,400 |
Repayments of mortgages and notes payable | -2,236 | -37,214 |
Additions to deferred financing costs and other financing activities | -96 | -833 |
Net cash provided by financing activities | 16,028 | 55,522 |
Net increase/(decrease) in cash and cash equivalents | 3,160 | -1,613 |
Cash and cash equivalents at beginning of the period | 10,184 | 13,783 |
Cash and cash equivalents at end of the period | 13,344 | 12,170 |
Supplemental disclosure of cash flow information: | ' | ' |
Cash paid for interest, net of amounts capitalized | 25,054 | 21,887 |
Supplemental disclosure of non-cash investing and financing activities: | ' | ' |
Unrealized gains/(losses) on cash flow hedges | -1,404 | 280 |
Conversions of Common Units to Common Stock | 162 | 351 |
Changes in accrued capital expenditures | 5,399 | 5,158 |
Write-off of fully depreciated real estate assets | 3,121 | 6,467 |
Write-off of fully amortized deferred financing and leasing costs | 3,697 | 4,872 |
Unrealized gains on marketable securities of non-qualified deferred compensation plan | 59 | 283 |
Adjustment of noncontrolling interests in the Operating Partnership to fair value | 7,434 | 23,802 |
Unrealized gains on tax increment financing bond | 165 | 390 |
Highwoods Realty Limited Partnership [Member] | ' | ' |
Operating activities: | ' | ' |
Net income | 13,576 | 13,707 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Depreciation and amortization | 48,165 | 42,292 |
Amortization of lease incentives and acquisition-related intangible assets and liabilities | 82 | -136 |
Share-based compensation expense | 4,262 | 3,440 |
Allowance for losses on accounts and accrued straight-line rents receivable | 1,125 | 426 |
Accrued interest on mortgages and notes receivable | -115 | 0 |
Amortization of deferred financing costs | 652 | 949 |
Amortization of cash flow hedges | 928 | 788 |
Amortization of mortgages and notes payable fair value adjustments | -809 | 0 |
Impairments of real estate assets | 0 | 1,128 |
Losses on debt extinguishment | 0 | 164 |
Net gains on disposition of property | -384 | -1,244 |
Equity in (earnings)/losses of unconsolidated affiliates | 29 | -383 |
Changes in financing obligations | -221 | -105 |
Distributions of earnings from unconsolidated affiliates | 788 | 1,139 |
Changes in operating assets and liabilities: | ' | ' |
Accounts receivable | 713 | -1,479 |
Prepaid expenses and other assets | -5,226 | -2,391 |
Accrued straight-line rents receivable | -6,457 | -5,788 |
Accounts payable, accrued expenses and other liabilities | -25,667 | -10,155 |
Net cash provided by operating activities | 31,441 | 42,352 |
Investing activities: | ' | ' |
Investments in acquired real estate and related intangible assets, net of cash acquired | 0 | -88,332 |
Investments in development in process | -27,232 | -4,978 |
Investments in tenant improvements and deferred leasing costs | -24,782 | -18,004 |
Investments in building improvements | -13,007 | -13,107 |
Net proceeds from disposition of real estate assets | 0 | 14,971 |
Distributions of capital from unconsolidated affiliates | 230 | 363 |
Investments in mortgages and notes receivable | -108 | 0 |
Repayments of mortgages and notes receivable | 16,604 | 0 |
Investments in unconsolidated affiliates | 0 | -429 |
Changes in restricted cash and other investing activities | 4,043 | 10,262 |
Net cash (used in) investing activities | -44,252 | -99,254 |
Financing activities: | ' | ' |
Distributions on Common Units | -39,300 | -35,669 |
Redemptions of Common Units | -93 | 0 |
Distributions on Preferred Units | -627 | -627 |
Distributions to noncontrolling interests in consolidated affiliates | -522 | -265 |
Proceeds from the issuance of Common Units | 1,313 | 59,019 |
Costs paid for the issuance of Common Units | -14 | -701 |
Repurchase of units related to tax withholdings | -1,523 | -2,514 |
Borrowings on revolving credit facility | 96,100 | 135,900 |
Repayments of revolving credit facility | -36,800 | -61,400 |
Repayments of mortgages and notes payable | -2,236 | -37,214 |
Additions to deferred financing costs and other financing activities | -338 | -1,240 |
Net cash provided by financing activities | 15,960 | 55,289 |
Net increase/(decrease) in cash and cash equivalents | 3,149 | -1,613 |
Cash and cash equivalents at beginning of the period | 10,281 | 13,867 |
Cash and cash equivalents at end of the period | 13,430 | 12,254 |
Supplemental disclosure of cash flow information: | ' | ' |
Cash paid for interest, net of amounts capitalized | 25,054 | 21,887 |
Supplemental disclosure of non-cash investing and financing activities: | ' | ' |
Unrealized gains/(losses) on cash flow hedges | -1,404 | 280 |
Changes in accrued capital expenditures | 5,399 | 5,158 |
Write-off of fully depreciated real estate assets | 3,121 | 6,467 |
Write-off of fully amortized deferred financing and leasing costs | 3,697 | 4,872 |
Unrealized gains on marketable securities of non-qualified deferred compensation plan | 59 | 283 |
Adjustment of Redeemable Common Units to fair value | 6,328 | 22,448 |
Unrealized gains on tax increment financing bond | $165 | $390 |