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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating activities:    
Net income $ 141,122 $ 106,902
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 315,424 334,515
Debt premium and discount amortization (13,972) (15,524)
Deferred financing cost amortization 6,236 6,708
Above- and below-market lease intangible amortization (34,367) (35,090)
Provisions for impairment 807 0
Gain on disposition of operating properties and disposition of investments in unconsolidated joint ventures (9,224) (16,624)
Equity based compensation 19,359 7,019
Other 106 (214)
Gain on extinguishment of debt, net (4,502) (4,245)
Changes in operating assets and liabilities:    
Restricted cash (1,782) 11,007
Receivables 10,502 6,513
Deferred charges and prepaid expenses (23,932) (29,787)
Other assets (295) 357
Accounts payable, accrued expenses and other liabilities 6,442 753
Net cash provided by operating activities 411,924 372,290
Investing activities:    
Improvements to and investments in real estate assets (147,393) (146,499)
Acquisitions of real estate assets (52,278) 0
Proceeds from sales of real estate assets 41,795 2,778
Distributions from unconsolidated joint venture 0 187
Change in restricted cash attributable to investing activities 2,182 7,321
Purchase of marketable securities (19,320) (20,250)
Proceeds from sale of marketable securities 15,014 21,414
Net cash used in investing activities (160,000) (135,049)
Financing activities:    
Repayment of debt obligations and financing liabilities (733,815) (827,460)
Repayment of borrowings under unsecured revolving credit facility (1,118,475) (675,047)
Proceeds from borrowings under unsecured revolving credit facility 619,000 826,343
Proceeds from unsecured term loan and notes 1,188,146 600,000
Deferred financing costs (3,153) (2,995)
Distributions to common stockholders (201,398) (124,128)
Distributions to non-controlling interests (24,841) (55,111)
Net cash used in financing activities (274,536) (258,398)
Change in cash and cash equivalents (22,612) (21,157)
Cash and cash equivalents at beginning of period 60,595 113,915
Cash and cash equivalents at end of period 37,983 92,758
Supplemental disclosure of cash flow information:    
Cash paid for interest, net of amount capitalized of $2,131 and $2,776 191,125 216,720
Supplemental non-cash investing and/or financing activities:    
Net carrying value of properties distributed to non-controlling owners 0 178,969
Brixmor Operating Partnership LP [Member]    
Operating activities:    
Net income 141,122 106,902
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 315,424 334,515
Debt premium and discount amortization (13,972) (15,524)
Deferred financing cost amortization 6,236 6,708
Above- and below-market lease intangible amortization (34,367) (35,090)
Provisions for impairment 807 0
Gain on disposition of operating properties and disposition of investments in unconsolidated joint ventures (9,224) (16,624)
Equity based compensation 19,359 7,019
Other 106 (214)
Gain on extinguishment of debt, net (4,502) (4,245)
Changes in operating assets and liabilities:    
Restricted cash (1,782) 11,007
Receivables 10,502 6,513
Deferred charges and prepaid expenses (23,932) (29,787)
Other assets (295) 357
Accounts payable, accrued expenses and other liabilities 6,444 760
Net cash provided by operating activities 411,926 372,297
Investing activities:    
Improvements to and investments in real estate assets (147,393) (146,499)
Acquisitions of real estate assets (52,278) 0
Proceeds from sales of real estate assets 41,795 2,778
Distributions from unconsolidated joint venture 0 187
Change in restricted cash attributable to investing activities 2,182 7,321
Purchase of marketable securities (19,316) (20,243)
Proceeds from sale of marketable securities 15,014 21,414
Net cash used in investing activities (159,996) (135,042)
Financing activities:    
Repayment of debt obligations and financing liabilities (733,815) (827,460)
Repayment of borrowings under unsecured revolving credit facility (1,118,475) (675,047)
Proceeds from borrowings under unsecured revolving credit facility 619,000 826,343
Proceeds from unsecured term loan and notes 1,188,146 600,000
Deferred financing costs (3,153) (2,995)
Partners distributions (206,266) (177,531)
Distributions to non-controlling interests (19,870) (966)
Net cash used in financing activities (274,433) (257,656)
Change in cash and cash equivalents (22,503) (20,401)
Cash and cash equivalents at beginning of period 60,450 113,006
Cash and cash equivalents at end of period 37,947 92,605
Supplemental non-cash investing and/or financing activities:    
Net carrying value of properties distributed to non-controlling owners $ 0 $ 178,969