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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 658,910 $ 207,293 $ 215,229
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization of real estate assets and leasing costs 303,799 290,353 268,045
Depreciation of non-real estate furniture, fixtures and equipment 6,244 8,955 5,085
Revenue reversals (recoveries) for doubtful accounts, net (Notes 2 and 17) 1,433 18,997 (3,433)
Non-cash amortization of share-based compensation awards (Note 15) 33,800 30,245 27,007
Non-cash amortization of deferred financing costs and net debt discounts 2,831 2,958 1,427
Non-cash amortization of net below market rents (Note 5) (6,904) (7,603) (9,206)
Gains on sales of depreciable operating properties (Note 4) (463,128) (35,536) (36,802)
Loss on early extinguishment of debt (Note 9) 12,246 0 0
Non-cash amortization of deferred revenue related to tenant-funded tenant improvements (Note 10) (17,247) (17,547) (19,190)
Straight-line rents (53,745) (67,826) (72,023)
Amortization of right of use ground lease assets 1,241 825 683
Net change in other operating assets (6,077) (3,685) (14,476)
Net change in other operating liabilities 43,000 28,161 24,175
Net cash provided by operating activities 516,403 455,590 386,521
CASH FLOWS FROM INVESTING ACTIVITIES:      
Expenditures for acquisitions of development properties and undeveloped land (Note 3) (586,927) 0 (173,291)
Expenditures for acquisitions of operating properties (Note 3) (537,429) 0 (186,258)
Expenditures for development and redevelopment properties and undeveloped land (552,837) (486,565) (845,464)
Expenditures for operating properties and other capital assets (120,611) (129,500) (147,687)
Net proceeds received from dispositions (Note 4) 1,048,927 74,937 124,421
Decrease (increase) in acquisition-related deposits 1,000 (1,000) 0
Net cash used in investing activities (747,877) (542,128) (1,228,279)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net proceeds from issuance of common stock (Note 13) 0 721,665 353,722
Net proceeds from the issuance of unsecured debt (Note 9) 449,807 772,297 499,390
Repayments of unsecured debt (Note 9) (312,105) (150,000) 0
Borrowings on unsecured revolving credit facility 0 190,000 1,110,000
Repayments on unsecured revolving credit facility 0 (435,000) (910,000)
Principal payments and repayments of secured debt (Note 9) (5,341) (5,137) (76,309)
Financing costs (12,032) (6,594) (6,678)
Repurchase of common stock and restricted stock units (Note 15) (21,888) (14,082) (14,556)
Distributions to noncontrolling interests in consolidated property partnerships (27,601) (15,247) (12,952)
Dividends and distributions paid to common stockholders and common unitholders (237,355) (224,578) (196,252)
Proceeds from exercise of stock options 383 0 703
Contributions from noncontrolling interests in consolidated property partnerships 1,559 0 0
Net cash (used in) provided by financing activities (164,573) 833,324 747,068
Net (decrease) increase in cash and cash equivalents and restricted cash (396,047) 746,786 (94,690)
Cash and cash equivalents and restricted cash, beginning of year 823,130 76,344 171,034
Cash and cash equivalents and restricted cash, end of year 427,083 823,130 76,344
Kilroy Realty L.P.      
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income 658,910 207,293 215,229
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization of real estate assets and leasing costs 303,799 290,353 268,045
Depreciation of non-real estate furniture, fixtures and equipment 6,244 8,955 5,085
Revenue reversals (recoveries) for doubtful accounts, net (Notes 2 and 17) 1,433 18,997 (3,433)
Non-cash amortization of share-based compensation awards (Note 15) 33,800 30,245 27,007
Non-cash amortization of deferred financing costs and net debt discounts 2,831 2,958 1,427
Non-cash amortization of net below market rents (Note 5) (6,904) (7,603) (9,206)
Gains on sales of depreciable operating properties (Note 4) (463,128) (35,536) (36,802)
Loss on early extinguishment of debt (Note 9) 12,246 0 0
Non-cash amortization of deferred revenue related to tenant-funded tenant improvements (Note 10) (17,247) (17,547) (19,190)
Straight-line rents (53,745) (67,826) (72,023)
Amortization of right of use ground lease assets 1,241 825 683
Net change in other operating assets (6,077) (3,685) (14,476)
Net change in other operating liabilities 43,000 28,161 24,175
Net cash provided by operating activities 516,403 455,590 386,521
CASH FLOWS FROM INVESTING ACTIVITIES:      
Expenditures for acquisitions of development properties and undeveloped land (Note 3) (586,927) 0 (173,291)
Expenditures for acquisitions of operating properties (Note 3) (537,429) 0 (186,258)
Expenditures for development and redevelopment properties and undeveloped land (552,837) (486,565) (845,464)
Expenditures for operating properties and other capital assets (120,611) (129,500) (147,687)
Net proceeds received from dispositions (Note 4) 1,048,927 74,937 124,421
Decrease (increase) in acquisition-related deposits 1,000 (1,000) 0
Net cash used in investing activities (747,877) (542,128) (1,228,279)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net proceeds from issuance of common stock (Note 13) 0 721,665 353,722
Net proceeds from the issuance of unsecured debt (Note 9) 449,807 772,297 499,390
Repayments of unsecured debt (Note 9) (312,105) (150,000) 0
Borrowings on unsecured revolving credit facility 0 190,000 1,110,000
Repayments on unsecured revolving credit facility 0 (435,000) (910,000)
Principal payments and repayments of secured debt (Note 9) (5,341) (5,137) (76,309)
Financing costs (12,032) (6,594) (6,678)
Repurchase of common stock and restricted stock units (Note 15) (21,888) (14,082) (14,556)
Distributions to noncontrolling interests in consolidated property partnerships (27,601) (15,247) (12,952)
Dividends and distributions paid to common stockholders and common unitholders (237,355) (224,578) (196,252)
Proceeds from exercise of stock options 383 0 703
Contributions from noncontrolling interests in consolidated property partnerships 1,559 0 0
Net cash (used in) provided by financing activities (164,573) 833,324 747,068
Net (decrease) increase in cash and cash equivalents and restricted cash (396,047) 746,786 (94,690)
Cash and cash equivalents and restricted cash, beginning of year 823,130 76,344 171,034
Cash and cash equivalents and restricted cash, end of year $ 427,083 $ 823,130 $ 76,344