Consolidated Statements of Cash Flows (USD $) | 6 Months Ended |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 |
Operating activities: | ' | ' |
Net income | $38,088 | $43,339 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Depreciation and amortization | 98,608 | 84,767 |
Amortization of lease incentives and acquisition-related intangible assets and liabilities | 234 | -198 |
Share-based compensation expense | 5,381 | 4,737 |
Allowance for losses on accounts and accrued straight-line rents receivable | 1,278 | 380 |
Accrued interest on mortgages and notes receivable | -232 | 0 |
Amortization of deferred financing costs | 1,451 | 1,897 |
Amortization of cash flow hedges | 1,872 | 1,588 |
Amortization of mortgages and notes payable fair value adjustments | -902 | 0 |
Impairments of real estate assets | 588 | 2,194 |
(Gains)/losses on debt extinguishment | -18 | 164 |
Net gains on disposition of property | -6,331 | -14,370 |
Equity in earnings of unconsolidated affiliates | -638 | -1,349 |
Changes in financing obligations | -628 | -391 |
Distributions of earnings from unconsolidated affiliates | 1,216 | 2,827 |
Changes in operating assets and liabilities: | ' | ' |
Accounts receivable | 1,491 | 2,295 |
Prepaid expenses and other assets | -4,962 | -2,284 |
Accrued straight-line rents receivable | -10,365 | -8,009 |
Accounts payable, accrued expenses and other liabilities | -11,597 | -661 |
Net cash provided by operating activities | 114,534 | 116,926 |
Investing activities: | ' | ' |
Investments in acquired real estate and related intangible assets, net of cash acquired | 0 | -228,461 |
Investments in development in process | -69,928 | -11,499 |
Investments in tenant improvements and deferred leasing costs | -54,794 | -42,343 |
Investments in building improvements | -28,877 | -26,466 |
Net proceeds from disposition of real estate assets | 8,975 | 60,381 |
Distributions of capital from unconsolidated affiliates | 468 | 435 |
Investments in mortgages and notes receivable | -234 | -432 |
Repayments of mortgages and notes receivable | 16,817 | 276 |
Investments in unconsolidated affiliates | -6,225 | -429 |
Changes in restricted cash and other investing activities | 686 | 7,853 |
Net cash (used in) investing activities | -133,112 | -240,685 |
Financing activities: | ' | ' |
Dividends on Common Stock | -76,605 | -69,563 |
Redemptions of Common Units | -93 | 0 |
Dividends on Preferred Stock | -1,254 | -1,254 |
Distributions to noncontrolling interests in the Operating Partnership | -2,497 | -3,140 |
Distributions to noncontrolling interests in consolidated affiliates | -940 | -408 |
Proceeds from the issuance of Common Stock | 11,404 | 126,738 |
Costs paid for the issuance of Common Stock | -42 | -1,711 |
Repurchase of shares related to tax withholdings | -2,650 | -2,537 |
Borrowings on revolving credit facility | 302,100 | 346,300 |
Repayments of revolving credit facility | -360,800 | -233,900 |
Borrowings on mortgages and notes payable | 296,949 | 0 |
Repayments of mortgages and notes payable | -134,648 | -39,610 |
Payments on financing obligations | -1,364 | -575 |
Additions to deferred financing costs and other financing activities | -2,467 | -242 |
Net cash provided by financing activities | 27,093 | 120,098 |
Net increase/(decrease) in cash and cash equivalents | 8,515 | -3,661 |
Cash and cash equivalents at beginning of the period | 10,184 | 13,783 |
Cash and cash equivalents at end of the period | 18,699 | 10,122 |
Supplemental disclosure of cash flow information: | ' | ' |
Cash paid for interest, net of amounts capitalized | 41,468 | 40,480 |
Supplemental disclosure of non-cash investing and financing activities: | ' | ' |
Unrealized gains/(losses) on cash flow hedges | -4,250 | 6,599 |
Conversions of Common Units to Common Stock | 162 | 2,851 |
Changes in accrued capital expenditures | 10,726 | 12,618 |
Write-off of fully depreciated real estate assets | 16,994 | 17,732 |
Write-off of fully amortized deferred financing and leasing costs | 13,273 | 11,363 |
Unrealized gains on marketable securities of non-qualified deferred compensation plan | 210 | 312 |
Adjustment of noncontrolling interests in the Operating Partnership to fair value | 18,337 | 9,649 |
Unrealized gains on tax increment financing bond | 270 | 299 |
Receivable related to redemption of investment in unconsolidated affiliate | 4,660 | 0 |
Highwoods Realty Limited Partnership [Member] | ' | ' |
Operating activities: | ' | ' |
Net income | 38,088 | 43,289 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Depreciation and amortization | 98,608 | 84,767 |
Amortization of lease incentives and acquisition-related intangible assets and liabilities | 234 | -198 |
Share-based compensation expense | 5,381 | 4,737 |
Allowance for losses on accounts and accrued straight-line rents receivable | 1,278 | 380 |
Accrued interest on mortgages and notes receivable | -232 | 0 |
Amortization of deferred financing costs | 1,451 | 1,897 |
Amortization of cash flow hedges | 1,872 | 1,588 |
Amortization of mortgages and notes payable fair value adjustments | -902 | 0 |
Impairments of real estate assets | 588 | 2,194 |
(Gains)/losses on debt extinguishment | -18 | 164 |
Net gains on disposition of property | -6,331 | -14,370 |
Equity in earnings of unconsolidated affiliates | -638 | -1,299 |
Changes in financing obligations | -628 | -391 |
Distributions of earnings from unconsolidated affiliates | 1,216 | 2,814 |
Changes in operating assets and liabilities: | ' | ' |
Accounts receivable | 1,491 | 2,295 |
Prepaid expenses and other assets | -4,892 | -2,189 |
Accrued straight-line rents receivable | -10,365 | -8,009 |
Accounts payable, accrued expenses and other liabilities | -11,568 | -587 |
Net cash provided by operating activities | 114,633 | 117,082 |
Investing activities: | ' | ' |
Investments in acquired real estate and related intangible assets, net of cash acquired | 0 | -228,461 |
Investments in development in process | -69,928 | -11,499 |
Investments in tenant improvements and deferred leasing costs | -54,794 | -42,343 |
Investments in building improvements | -28,877 | -26,466 |
Net proceeds from disposition of real estate assets | 8,975 | 60,381 |
Distributions of capital from unconsolidated affiliates | 468 | 435 |
Investments in mortgages and notes receivable | -234 | -432 |
Repayments of mortgages and notes receivable | 16,817 | 276 |
Investments in unconsolidated affiliates | -6,225 | -429 |
Changes in restricted cash and other investing activities | 686 | 7,853 |
Net cash (used in) investing activities | -133,112 | -240,685 |
Financing activities: | ' | ' |
Distributions on Common Units | -78,754 | -72,355 |
Redemptions of Common Units | -93 | 0 |
Distributions on Preferred Units | -1,254 | -1,254 |
Distributions to noncontrolling interests in consolidated affiliates | -940 | -408 |
Proceeds from the issuance of Common Units | 11,404 | 126,738 |
Costs paid for the issuance of Common Units | -42 | -1,711 |
Repurchase of units related to tax withholdings | -2,650 | -2,537 |
Borrowings on revolving credit facility | 302,100 | 346,300 |
Repayments of revolving credit facility | -360,800 | -233,900 |
Borrowings on mortgages and notes payable | 296,949 | 0 |
Repayments of mortgages and notes payable | -134,648 | -39,610 |
Payments on financing obligations | -1,364 | -575 |
Additions to deferred financing costs and other financing activities | -2,917 | -747 |
Net cash provided by financing activities | 26,991 | 119,941 |
Net increase/(decrease) in cash and cash equivalents | 8,512 | -3,662 |
Cash and cash equivalents at beginning of the period | 10,281 | 13,867 |
Cash and cash equivalents at end of the period | 18,793 | 10,205 |
Supplemental disclosure of cash flow information: | ' | ' |
Cash paid for interest, net of amounts capitalized | 41,468 | 40,480 |
Supplemental disclosure of non-cash investing and financing activities: | ' | ' |
Unrealized gains/(losses) on cash flow hedges | -4,250 | 6,599 |
Changes in accrued capital expenditures | 10,726 | 12,618 |
Write-off of fully depreciated real estate assets | 16,994 | 17,732 |
Write-off of fully amortized deferred financing and leasing costs | 13,273 | 11,363 |
Unrealized gains on marketable securities of non-qualified deferred compensation plan | 210 | 312 |
Adjustment of Redeemable Common Units to fair value | 16,725 | 5,482 |
Unrealized gains on tax increment financing bond | 270 | 299 |
Receivable related to redemption of investment in unconsolidated affiliate | $4,660 | $0 |