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Guarantor Disclosure (Notes) | 3 Months Ended
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Mar. 31, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Guarantor Disclosure | Guarantor Disclosure The Parent Company and the Operating Partnership are co-issuers of the $300 million senior unsecured public notes due November, 2022 that was assumed from Equity One as a result of the merger. Certain wholly-owned subsidiaries of the Company provide full guarantees of these notes (the Guarantor Subsidiaries), which are joint and several, and unconditional. The following statements set forth the condensed consolidating financial information with respect to the guarantor subsidiaries:
|  | Condensed Consolidating Balance Sheet
|  | As of March 31, 2017
(in thousands) |  | Regency Centers Corporation |  | Regency Centers, L.P. |  | Guarantor Subsidiaries (1) |  | Non-Guarantor Subsidiaries (1) |  | Eliminating Entries |  | Consolidated
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net real estate investments |  | — |  |  | 381,691 |  |  | 2,848,920 |  |  | 6,973,201 |  |  | (7,082 | ) |  | 10,196,730 |
Investment in subsidiaries |  | 6,764,503 |  |  | 8,899,971 |  |  | — |  |  | — |  |  | (15,664,474 | ) |  | — |
Other assets, net |  | 501,581 |  |  | 278,521 |  |  | 281,315 |  |  | 561,104 |  |  | (683,279 | ) |  | 939,242 |
Total Assets |  | 7,266,084 |  |  | 9,560,183 |  |  | 3,130,235 |  |  | 7,534,305 |  |  | (16,354,835 | ) |  | 11,135,972 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total notes payable and unsecured credit facilities |  | 500,000 |  |  | 2,683,728 |  |  | 93,153 |  |  | 799,463 |  |  | (669,118 | ) |  | 3,407,226 |
Other liabilities |  | 1,581 |  |  | 111,952 |  |  | 284,717 |  |  | 587,236 |  |  | (21,243 | ) |  | 964,243 |
Total Liabilities |  | 501,581 |  |  | 2,795,680 |  |  | 377,870 |  |  | 1,386,699 |  |  | (690,361 | ) |  | 4,371,469 |
Equity |  |  |  |  |  |  |  |  |  |  |  |
Shareholders' Equity |  | 6,731,349 |  |  | 6,729,286 |  |  | 2,752,365 |  |  | 6,147,606 |  |  | (15,629,257 | ) |  | 6,731,349 |
Non-controlling interest |  | 33,154 |  |  | 35,217 |  |  | — |  |  | — |  |  | (35,217 | ) |  | 33,154 |
Total Equity |  | 6,764,503 |  |  | 6,764,503 |  |  | 2,752,365 |  |  | 6,147,606 |  |  | (15,664,474 | ) |  | 6,764,503 |
Total Liabilities and Equity |  | 7,266,084 |  |  | 9,560,183 |  |  | 3,130,235 |  |  | 7,534,305 |  |  | (16,354,835 | ) |  | 11,135,972 |
|  | Condensed Consolidating Statement of Income
|  | For the three months ended March 31, 2017
(in thousands) |  | Regency Centers Corporation |  | Regency Centers, L.P. |  | Guarantor Subsidiaries (1) |  | Non-Guarantor Subsidiaries (1) |  | Eliminating Entries |  | Consolidated
Total revenue |  | — |  |  | 6,646 |  |  | 17,958 |  |  | 171,527 |  |  | — |  |  | 196,131 |
Equity in subsidiaries |  | (20,715 | ) |  | 67,935 |  |  | — |  |  | — |  |  | (47,220 | ) |  | — |
Total costs and expenses |  | — |  |  | 87,293 |  |  | 13,605 |  |  | 99,678 |  |  | (125 | ) |  | 200,451 |
Income before other income and expense and income taxes |  | (20,715 | ) |  | (12,712 | ) |  | 4,353 |  |  | 71,849 |  |  | (47,095 | ) |  | (4,320 | )
Other income (expense) |  | (11,856 | ) |  | (19,859 | ) |  | (329 | ) |  | (7,938 | ) |  | 11,731 |  |  | (28,251 | )
Noncontrolling interest |  | (652 | ) |  | (671 | ) |  | — |  |  | — |  |  | 671 |  |  | (652 | )
Net income attributable to shareholders |  | (33,223 | ) |  | (33,242 | ) |  | 4,024 |  |  | 63,911 |  |  | (34,693 | ) |  | (33,223 | )
(1) The fair value of the assets acquired and liabilities assumed from the Equity One merger, and resulting depreciation and amortization, are based on provisional purchase price allocations and are subject to change, as further discussed in note 2.
|  | Condensed Consolidating Statement of Cash Flows
|  | For the three months ended March 31, 2017
(in thousands) |  | Regency Centers Corporation |  | Regency Centers, L.P. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Entries |  | Consolidated
Net cash (used in) provided by operating activities |  | 56,531 |  |  | (41,028 | ) |  | 11,837 |  |  | 99,153 |  |  | (93,770 | ) |  | 32,723 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |  |
Merger with Equity One |  | — |  |  | (648,957 | ) |  | — |  |  | — |  |  | — |  |  | (648,957 | )
Real estate development and capital improvements |  | — |  |  | (5,117 | ) |  | — |  |  | (61,387 | ) |  | — |  |  | (66,504 | )
Proceeds from sale of real estate investments |  | — |  |  | 1,749 |  |  | — |  |  | — |  |  | — |  |  | 1,749 |
Issuance of notes receivable |  | — |  |  | (510 | ) |  | — |  |  | — |  |  | — |  |  | (510 | )
Investments in real estate partnerships |  | — |  |  | (1,688 | ) |  | — |  |  | — |  |  | — |  |  | (1,688 | )
Distributions received from investments in real estate partnerships |  | — |  |  | 25,428 |  |  | — |  |  | — |  |  | — |  |  | 25,428 |
Dividends on investment securities |  | — |  |  | 55 |  |  | — |  |  | — |  |  | — |  |  | 55 |
Acquisition of securities |  | — |  |  | (3,334 | ) |  | — |  |  | — |  |  | — |  |  | (3,334 | )
Distributions received from subsidiaries |  | 268,274 |  |  | — |  |  | — |  |  | — |  |  | (268,274 | ) |  | — |
Proceeds from sale of securities |  | — |  |  | 3,815 |  |  | — |  |  | — |  |  | — |  |  | 3,815 |
Net cash used in investing activities |  | 268,274 |  |  | (628,559 | ) |  | — |  |  | (61,387 | ) |  | (268,274 | ) |  | (689,946 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from sale of treasury stock |  | — |  |  | 76 |  |  | — |  |  | — |  |  | — |  |  | 76 |
Repurchase of common shares in conjunction with equity award plans |  | (18,275 | ) |  | (18,275 | ) |  | — |  |  | — |  |  | 18,275 |  |  | (18,275 | )
Redemption of preferred stock and partnership units |  | (250,000 | ) |  | (250,000 | ) |  | — |  |  | — |  |  | 250,000 |  |  | (250,000 | )
Distributions to limited partners in consolidated partnerships, net |  | — |  |  | (786 | ) |  | — |  |  | — |  |  | — |  |  | (786 | )
Distributions to exchangeable operating partnership unit holders |  | — |  |  | (79 | ) |  | — |  |  | — |  |  | — |  |  | (79 | )
Dividends paid to common stockholders |  | (53,289 | ) |  | (53,289 | ) |  | (11,640 | ) |  | (25,599 | ) |  | 90,528 |  |  | (53,289 | )
Dividends paid to preferred stockholders |  | (3,241 | ) |  | (3,241 | ) |  | — |  |  | — |  |  | 3,241 |  |  | (3,241 | )
Proceeds from issuance of fixed rate unsecured notes, net |  | — |  |  | 646,424 |  |  | — |  |  | — |  |  | — |  |  | 646,424 |
Proceeds from unsecured credit facilities |  | — |  |  | 740,000 |  |  | — |  |  | — |  |  | — |  |  | 740,000 |
Repayment of unsecured credit facilities |  | — |  |  | (360,000 | ) |  | — |  |  |  |  | — |  |  | (360,000 | )
Proceeds from notes payable |  | — |  |  | — |  |  | — |  |  | 1,577 |  |  | — |  |  | 1,577 |
Repayment of notes payable |  | — |  |  | — |  |  | (197 | ) |  | (11,225 | ) |  | — |  |  | (11,422 | )
Scheduled principal payments |  | — |  |  | — |  |  | — |  |  | (1,367 | ) |  | — |  |  | (1,367 | )
Payment of loan costs |  | — |  |  | (7,644 | ) |  | — |  |  | (1,152 | ) |  | — |  |  | (8,796 | )
Net cash provided by (used in) financing activities |  | (324,805 | ) |  | 693,186 |  |  | (11,837 | ) |  | (37,766 | ) |  | 362,044 |  |  | 680,822 |
Net increase (decrease) in cash and cash equivalents |  | — |  |  | 23,599 |  |  | — |  |  | — |  |  | — |  |  | 23,599 |
Cash and cash equivalents at beginning of the period |  | — |  |  | 13,256 |  |  | — |  |  | — |  |  | — |  |  | 13,256 |
Cash and cash equivalents at end of the period |  | — |  |  | 36,855 |  |  | — |  |  | — |  |  | — |  |  | 36,855 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=51664549&loc=d3e5283-111683 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 06 -Article 9 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 05 -Paragraph c -Article 7 + Details
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