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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Net income $ 22,187 $ 33,227
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 151,066 150,362
Amortization of deferred financing costs 3,502 3,790
Amortization of debt discount/(premium), net 1,112 1,095
Amortization of stock compensation costs 5,510 3,740
Shares used for employee taxes upon vesting of share awards (1,062) (2,232)
Straight-line rent income (16,337) (17,792)
Amortization of acquired above (below) market leases to rental revenue, net (5,372) (4,468)
Straight-line ground rent expense 1,286 1,423
Provision for doubtful accounts 1,777 1,363
Net gain on sale of interests in real estate (3,044) (34,773)
Loss On Real Estate Venture Formation 0 950
Net gain on real estate venture transactions (3,683) 0
Gain from remeasurement of investment in a real estate venture (7,847) 0
Loss on early extinguishment of debt 1,127 1,549
Historic tax credit transaction income (11,853) (11,840)
Real estate venture income in excess of distributions (2,371) (1,024)
Deferred financing obligation (1,392) (1,314)
Changes in assets and liabilities:    
Accounts receivable (287) 1,580
Other assets (5,758) (7,200)
Accounts payable and accrued expenses 14,684 9,565
Increase (Decrease) in Leasing Receivables 1,265 (4,681)
Other liabilities 1,718 (1,175)
Net cash from operating activities 146,228 122,145
Cash flows from investing activities:    
Acquisition of properties (20,758) (9,226)
Payments to acquire available-for-sale securities 0 (98,250)
Proceeds from Sale of Available-for-sale Securities 0 98,250
Sales of properties, net 145,931 170,918
Distribution of sales proceeds from real estate ventures 16,963 0
Proceeds from repayment of mortgage notes receivable 200 23,930
Capital expenditures for tenant improvements (64,481) (64,527)
Capital expenditures for redevelopments (5,288) (9,122)
Capital expenditures for developments (5,399) 0
Reimbursement from real estate venture for pre-formation development costs 1,976 0
Advances for purchase of tenant assets, net of repayments (420) (13)
Investment in unconsolidated real estate ventures (30,142) (49,763)
Cash distributions from unconsolidated real estate ventures 3,661 2,779
Leasing costs (25,704) (22,111)
Net cash from investing activities 16,539 42,865
Cash flows from financing activities:    
Proceeds from Unsecured Term Loans 0 600,000
Proceeds from Credit Facility borrowings 186,000 21,500
Repayments of Credit Facility borrowings (255,000) (297,000)
Repayments of mortgage notes payable (8,351) (9,209)
Deferred financing obligation non-cash interest expense 697 701
Proceeds from Issuance of Common Stock 181,527 0
Proceeds from Issuance of Preferred Stock and Preference Stock 0 96,240
Redemption of preferred shares 0 (50,188)
Repayments of unsecured notes (13,027) (167,841)
Repayments of unsecured term loan 0 (37,500)
Net settlement of hedge transactions 0 (74)
Debt financing costs (6) (8,462)
Exercise of stock options 2,240 748
Distributions paid to shareholders (72,061) (71,523)
Distributions to noncontrolling interest (818) (1,196)
Net cash from financing activities 21,201 76,196
Increase in cash and cash equivalents 183,968 241,206
Cash and cash equivalents at beginning of period 1,549 410
Cash and cash equivalents at end of period 185,517 241,616
Supplemental disclosure:    
Cash paid for interest, net of capitalized interest during the nine months ended September 30, 2013 and 2012 of $2,012 and $1,978, respectively 76,528 83,618
Supplemental disclosure of non-cash activity:    
Change in operating real estate related to a non-cash acquisition of an operating property (21,649) 0
Change in intangible assets, net related to non-cash acquisition of an operating property (3,517) 0
Change in acquired lease intangibles, net related to non-cash acquisition of an operating property (462) 0
Change in investments in joint venture related to non-cash acquisition of property 13,040 0
Change in operating real estate related to non-cash adjustment to land (4,386) 0
Change in investments in real estate ventures related to a contribution of land 6,058 0
Change in capital expenditures financed through accounts payable at period end 1,210 (1,270)
Change in capital expenditures financed through retention payable at period end (736) 284
Change in unfunded tenant allowance (811) (1,411)
BRANDYWINE OPERATING PARTNERSHIP, L.P.
   
Net income 22,187 33,227
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 151,066 150,362
Amortization of deferred financing costs 3,502 3,790
Amortization of debt discount/(premium), net 1,112 1,095
Amortization of stock compensation costs 5,510 3,740
Shares used for employee taxes upon vesting of share awards (1,062) (2,232)
Straight-line rent income (16,337) (17,792)
Amortization of acquired above (below) market leases to rental revenue, net (5,372) (4,468)
Straight-line ground rent expense 1,286 1,423
Provision for doubtful accounts 1,777 1,363
Net gain on sale of interests in real estate (3,044) (34,773)
Loss On Real Estate Venture Formation 0 950
Net gain on real estate venture transactions (3,683) 0
Gain from remeasurement of investment in a real estate venture (7,847) 0
Loss on early extinguishment of debt 1,127 1,549
Historic tax credit transaction income (11,853) (11,840)
Real estate venture income in excess of distributions (2,371) (1,024)
Deferred financing obligation (1,392) (1,314)
Changes in assets and liabilities:    
Accounts receivable (287) 1,580
Other assets (5,758) (7,200)
Accounts payable and accrued expenses 14,684 9,565
Increase (Decrease) in Leasing Receivables 1,265 (4,681)
Other liabilities 1,718 (1,175)
Net cash from operating activities 146,228 122,145
Cash flows from investing activities:    
Acquisition of properties (20,758) (9,226)
Payments to acquire available-for-sale securities 0 (98,250)
Proceeds from Sale of Available-for-sale Securities 0 98,250
Sales of properties, net 145,931 170,918
Distribution of sales proceeds from real estate ventures 16,963 0
Proceeds from repayment of mortgage notes receivable 200 23,930
Capital expenditures for tenant improvements (64,481) (64,527)
Capital expenditures for redevelopments (5,288) (9,122)
Capital expenditures for developments (5,399) 0
Reimbursement from real estate venture for pre-formation development costs 1,976 0
Advances for purchase of tenant assets, net of repayments (420) (13)
Investment in unconsolidated real estate ventures (30,142) (49,763)
Cash distributions from unconsolidated real estate ventures 3,661 2,779
Leasing costs (25,704) (22,111)
Net cash from investing activities 16,539 42,865
Cash flows from financing activities:    
Proceeds from Unsecured Term Loans 0 600,000
Proceeds from Credit Facility borrowings 186,000 21,500
Repayments of Credit Facility borrowings (255,000) (297,000)
Repayments of mortgage notes payable (8,351) (9,209)
Deferred financing obligation non-cash interest expense 697 701
Proceeds from Issuance of Common Stock 181,527 0
Proceeds from Issuance of Preferred Stock and Preference Stock 0 96,240
Redemption of preferred shares 0 (50,188)
Repayments of unsecured notes (13,027) (167,841)
Repayments of unsecured term loan 0 (37,500)
Net settlement of hedge transactions 0 (74)
Debt financing costs (6) (8,462)
Exercise of stock options 2,240 748
Distributions paid to shareholders (72,879) (72,719)
Net cash from financing activities 21,201 76,196
Increase in cash and cash equivalents 183,968 241,206
Cash and cash equivalents at beginning of period 1,549 410
Cash and cash equivalents at end of period 185,517 241,616
Supplemental disclosure:    
Cash paid for interest, net of capitalized interest during the nine months ended September 30, 2013 and 2012 of $2,012 and $1,978, respectively 76,528 83,618
Supplemental disclosure of non-cash activity:    
Change in operating real estate related to a non-cash acquisition of an operating property (21,649) 0
Change in intangible assets, net related to non-cash acquisition of an operating property (3,517) 0
Change in acquired lease intangibles, net related to non-cash acquisition of an operating property 462 0
Change in investments in joint venture related to non-cash acquisition of property 13,040 0
Change in operating real estate related to non-cash adjustment to land (4,386) 0
Change in investments in real estate ventures related to a contribution of land 6,058 0
Change in capital expenditures financed through accounts payable at period end 1,210 (1,270)
Change in capital expenditures financed through retention payable at period end (736) 284
Change in unfunded tenant allowance $ (811) $ (1,411)