Consolidated Statements of Cash Flows (USD $) | 9 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
Operating activities: | ' | ' |
Net income | $92,387 | $99,407 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Depreciation and amortization | 146,895 | 133,556 |
Amortization of lease incentives and acquisition-related intangible assets and liabilities | 249 | 258 |
Share-based compensation expense | 6,179 | 5,896 |
Allowance for losses on accounts and accrued straight-line rents receivable | 1,942 | 1,029 |
Accrued interest on mortgages and notes receivable | -354 | 0 |
Amortization of deferred financing costs | 2,270 | 2,860 |
Amortization of cash flow hedges | 2,824 | 2,428 |
Amortization of mortgages and notes payable fair value adjustments | -845 | -1,015 |
Impairments of real estate assets | 588 | 2,194 |
Losses on debt extinguishment | 308 | 196 |
Net gains on disposition of property | -42,569 | -52,350 |
Gain on acquisition of controlling interest in unconsolidated affiliate | 0 | -7,451 |
Equity in (earnings)/losses of unconsolidated affiliates | -886 | 1,824 |
Changes in financing obligations | -241 | -591 |
Distributions of earnings from unconsolidated affiliates | 1,634 | 3,129 |
Changes in operating assets and liabilities: | ' | ' |
Accounts receivable | -1,762 | -508 |
Prepaid expenses and other assets | -2,927 | -2,188 |
Accrued straight-line rents receivable | -16,202 | -12,368 |
Accounts payable, accrued expenses and other liabilities | -5,815 | 10,206 |
Net cash provided by operating activities | 183,675 | 186,512 |
Investing activities: | ' | ' |
Investments in acquired real estate and related intangible assets, net of cash acquired | -83,751 | -418,796 |
Investment in acquired controlling interest in unconsolidated affiliate | 0 | -32,818 |
Investments in development in process | -122,106 | -16,634 |
Investments in tenant improvements and deferred leasing costs | -80,132 | -77,456 |
Investments in building improvements | -39,401 | -38,702 |
Net proceeds from disposition of real estate assets | 151,987 | 161,970 |
Distributions of capital from unconsolidated affiliates | 725 | 16,671 |
Investments in mortgages and notes receivable | -419 | -1,301 |
Repayments of mortgages and notes receivable | 16,974 | 437 |
Investments in unconsolidated affiliates | -6,425 | -429 |
Redemption of investment in unconsolidated affiliate | 4,660 | 0 |
Changes in restricted cash and other investing activities | -1,296 | 5,484 |
Net cash (used in) investing activities | -159,184 | -401,574 |
Financing activities: | ' | ' |
Dividends on Common Stock | -115,037 | -107,750 |
Redemptions of Common Units | -93 | 0 |
Dividends on Preferred Stock | -1,881 | -1,881 |
Distributions to noncontrolling interests in the Operating Partnership | -3,745 | -4,416 |
Distributions to noncontrolling interests in consolidated affiliates | -940 | -408 |
Proceeds from the issuance of Common Stock | 49,216 | 315,818 |
Costs paid for the issuance of Common Stock | -600 | -7,678 |
Repurchase of shares related to tax withholdings | -2,694 | -2,539 |
Borrowings on revolving credit facility | 377,700 | 695,300 |
Repayments of revolving credit facility | -443,400 | -511,900 |
Borrowings on mortgages and notes payable | 296,949 | 0 |
Repayments of mortgages and notes payable | -172,810 | -157,001 |
Payments on financing obligations | -2,904 | -575 |
Payments of debt extinguishment costs | -369 | 0 |
Contributions from noncontrolling interests in consolidated affiliates | 0 | 16,240 |
Additions to deferred financing costs and other financing activities | -2,467 | -242 |
Net cash (used in)/provided by financing activities | -23,075 | 232,968 |
Net increase in cash and cash equivalents | 1,416 | 17,906 |
Cash and cash equivalents at beginning of the period | 10,184 | 13,783 |
Cash and cash equivalents at end of the period | 11,600 | 31,689 |
Supplemental disclosure of cash flow information: | ' | ' |
Cash paid for interest, net of amounts capitalized | 63,340 | 67,786 |
Supplemental disclosure of non-cash investing and financing activities: | ' | ' |
Unrealized gains/(losses) on cash flow hedges | -3,337 | 4,801 |
Conversions of Common Units to Common Stock | 162 | 28,788 |
Changes in accrued capital expenditures | 17,255 | 12,778 |
Write-off of fully depreciated real estate assets | 29,953 | 24,498 |
Write-off of fully amortized deferred financing and leasing costs | 17,138 | 17,500 |
Unrealized gains on marketable securities of non-qualified deferred compensation plan | 149 | 558 |
Adjustment of noncontrolling interests in the Operating Partnership to fair value | 8,955 | 8,570 |
Unrealized gains on tax increment financing bond | 293 | 396 |
Assumption of mortgages and notes payable related to acquisition activities | 0 | 165,515 |
Reclass of aggregate differences between historical cost basis and the basis reflected at the joint venture level for assets acquired | 0 | 8,206 |
Highwoods Realty Limited Partnership [Member] | ' | ' |
Operating activities: | ' | ' |
Net income | 92,387 | 99,356 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Depreciation and amortization | 146,895 | 133,556 |
Amortization of lease incentives and acquisition-related intangible assets and liabilities | 249 | 258 |
Share-based compensation expense | 6,179 | 5,896 |
Allowance for losses on accounts and accrued straight-line rents receivable | 1,942 | 1,029 |
Accrued interest on mortgages and notes receivable | -354 | 0 |
Amortization of deferred financing costs | 2,270 | 2,860 |
Amortization of cash flow hedges | 2,824 | 2,428 |
Amortization of mortgages and notes payable fair value adjustments | -845 | -1,015 |
Impairments of real estate assets | 588 | 2,194 |
Losses on debt extinguishment | 308 | 196 |
Net gains on disposition of property | -42,569 | -52,350 |
Gain on acquisition of controlling interest in unconsolidated affiliate | 0 | -7,451 |
Equity in (earnings)/losses of unconsolidated affiliates | -886 | 1,875 |
Changes in financing obligations | -241 | -591 |
Distributions of earnings from unconsolidated affiliates | 1,634 | 3,109 |
Changes in operating assets and liabilities: | ' | ' |
Accounts receivable | -1,762 | -508 |
Prepaid expenses and other assets | -2,885 | -2,141 |
Accrued straight-line rents receivable | -16,202 | -12,368 |
Accounts payable, accrued expenses and other liabilities | -5,804 | 10,257 |
Net cash provided by operating activities | 183,728 | 186,590 |
Investing activities: | ' | ' |
Investments in acquired real estate and related intangible assets, net of cash acquired | -83,751 | -418,796 |
Investment in acquired controlling interest in unconsolidated affiliate | 0 | -32,818 |
Investments in development in process | -122,106 | -16,634 |
Investments in tenant improvements and deferred leasing costs | -80,132 | -77,456 |
Investments in building improvements | -39,401 | -38,702 |
Net proceeds from disposition of real estate assets | 151,987 | 161,970 |
Distributions of capital from unconsolidated affiliates | 725 | 16,671 |
Investments in mortgages and notes receivable | -419 | -1,301 |
Repayments of mortgages and notes receivable | 16,974 | 437 |
Investments in unconsolidated affiliates | -6,425 | -429 |
Redemption of investment in unconsolidated affiliate | 4,660 | 0 |
Changes in restricted cash and other investing activities | -1,296 | 5,484 |
Net cash (used in) investing activities | -159,184 | -401,574 |
Financing activities: | ' | ' |
Distributions on Common Units | -118,261 | -111,645 |
Redemptions of Common Units | -93 | 0 |
Distributions on Preferred Units | -1,881 | -1,881 |
Distributions to noncontrolling interests in consolidated affiliates | -940 | -408 |
Proceeds from the issuance of Common Units | 49,216 | 315,818 |
Costs paid for the issuance of Common Units | -600 | -7,678 |
Repurchase of units related to tax withholdings | -2,694 | -2,539 |
Borrowings on revolving credit facility | 377,700 | 695,300 |
Repayments of revolving credit facility | -443,400 | -511,900 |
Borrowings on mortgages and notes payable | 296,949 | 0 |
Repayments of mortgages and notes payable | -172,810 | -157,001 |
Payments on financing obligations | -2,904 | -575 |
Payments of debt extinguishment costs | -369 | 0 |
Contributions from noncontrolling interests in consolidated affiliates | 0 | 16,240 |
Additions to deferred financing costs and other financing activities | -3,032 | -834 |
Net cash (used in)/provided by financing activities | -23,119 | 232,897 |
Net increase in cash and cash equivalents | 1,425 | 17,913 |
Cash and cash equivalents at beginning of the period | 10,281 | 13,867 |
Cash and cash equivalents at end of the period | 11,706 | 31,780 |
Supplemental disclosure of cash flow information: | ' | ' |
Cash paid for interest, net of amounts capitalized | 63,340 | 67,786 |
Supplemental disclosure of non-cash investing and financing activities: | ' | ' |
Unrealized gains/(losses) on cash flow hedges | -3,337 | 4,801 |
Changes in accrued capital expenditures | 17,255 | 12,778 |
Write-off of fully depreciated real estate assets | 29,953 | 24,498 |
Write-off of fully amortized deferred financing and leasing costs | 17,138 | 17,500 |
Unrealized gains on marketable securities of non-qualified deferred compensation plan | 149 | 558 |
Adjustment of Redeemable Common Units to fair value | 7,768 | -20,921 |
Unrealized gains on tax increment financing bond | 293 | 396 |
Assumption of mortgages and notes payable related to acquisition activities | 0 | 165,515 |
Reclass of aggregate differences between historical cost basis and the basis reflected at the joint venture level for assets acquired | $0 | $8,206 |