v3.21.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
FINANCING ACTIVITIES    
Employee income taxes paid related to shares withheld upon vesting of equity awards $ (1,800) $ (736)
Proceeds from common share offering 186,969 0
Tanger Factory Outlet Centers, Inc. [Member]    
OPERATING ACTIVITIES    
Net loss (4,133) (38,290)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 82,826 87,966
Impairment charge 0 45,675
Amortization of deferred financing costs 3,170 2,586
Gain on sale of assets 0 (2,324)
Loss on early extinguishment of debt 47,860 0
Equity in (earnings) losses of unconsolidated joint ventures (6,758) 1,490
Equity-based compensation expense 9,602 9,566
Amortization of debt (premiums) and discounts, net 333 359
Amortization (accretion) of market rent rate adjustments, net 151 2,560
Straight-line rent adjustments 1,137 2,418
Distributions of cumulative earnings from unconsolidated joint ventures 7,068 2,309
Other non-cash 3,638 0
Changes in other assets and liabilities:    
Other assets 5,908 (23,249)
Accounts payable and accrued expenses (6,852) 895
Net cash provided by operating activities 143,950 91,961
INVESTING ACTIVITIES    
Additions to rental property (23,685) (23,072)
Additions to investments in unconsolidated joint ventures (7,000) (5,601)
Net proceeds from sale of assets 8,129 7,626
Additions to non-real estate assets (1,664) (1,541)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 16,023 4,717
Additions to deferred lease costs (5,333) (2,755)
Other investing activities 11,602 8,339
Net cash used in investing activities (1,928) (12,287)
FINANCING ACTIVITIES    
Cash dividends paid (53,385) (66,563)
Distributions to noncontrolling interests in Operating Partnership (2,553) (3,499)
Proceeds from revolving credit facility 0 641,630
Repayments of revolving credit facility 0 (641,630)
Proceeds from notes, mortgages and loans 394,208 0
Repayments of notes, mortgages and loans (552,811) (2,656)
Payment of make-whole premium related to early extinguishment of debt (44,872) 0
Employee income taxes paid related to shares withheld upon vesting of equity awards (1,787) (736)
Additions to deferred financing costs (8,703) (1,841)
Proceeds from exercise of options 188 0
Proceeds from common share offering 186,969 0
Proceeds from other financing activities 0 72
Payment for other financing activities (861) (1,122)
Net cash used in financing activities (83,607) (76,345)
Effect of foreign currency rate changes on cash and cash equivalents (131) (208)
Net increase in cash and cash equivalents 58,284 3,121
Cash and cash equivalents, beginning of period 84,832 16,672
Cash and cash equivalents, end of period 143,116 19,793
Tanger Properties Limited Partnership [Member]    
OPERATING ACTIVITIES    
Net loss (4,133) (38,290)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 82,826 87,966
Impairment charge 0 45,675
Amortization of deferred financing costs 3,170 2,586
Gain on sale of assets 0 (2,324)
Loss on early extinguishment of debt 47,860 0
Equity in (earnings) losses of unconsolidated joint ventures (6,758) 1,490
Equity-based compensation expense 9,602 9,566
Amortization of debt (premiums) and discounts, net 333 359
Amortization (accretion) of market rent rate adjustments, net 151 2,560
Straight-line rent adjustments 1,137 2,418
Distributions of cumulative earnings from unconsolidated joint ventures 7,068 2,309
Other non-cash 3,638 0
Changes in other assets and liabilities:    
Other assets 5,506 (23,326)
Accounts payable and accrued expenses (6,671) 1,044
Net cash provided by operating activities 143,729 92,033
INVESTING ACTIVITIES    
Additions to rental property (23,685) (23,072)
Additions to investments in unconsolidated joint ventures (7,000) (5,601)
Net proceeds from sale of assets 8,129 7,626
Additions to non-real estate assets (1,664) (1,541)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 16,023 4,717
Additions to deferred lease costs (5,333) (2,755)
Other investing activities 11,602 8,339
Net cash used in investing activities (1,928) (12,287)
FINANCING ACTIVITIES    
Cash dividends paid (55,938) (70,062)
Proceeds from revolving credit facility 0 641,630
Repayments of revolving credit facility 0 (641,630)
Proceeds from notes, mortgages and loans 394,208 0
Repayments of notes, mortgages and loans (552,811) (2,656)
Payment of make-whole premium related to early extinguishment of debt (44,872) 0
Employee income taxes paid related to shares withheld upon vesting of equity awards (1,787) (736)
Additions to deferred financing costs (8,703) (1,841)
Proceeds from exercise of options 188 0
Proceeds from common share offering 186,969 0
Proceeds from other financing activities 0 72
Payment for other financing activities (861) (1,122)
Net cash used in financing activities (83,607) (76,345)
Effect of foreign currency rate changes on cash and cash equivalents (131) (208)
Net increase in cash and cash equivalents 58,063 3,193
Cash and cash equivalents, beginning of period 84,750 16,519
Cash and cash equivalents, end of period $ 142,813 $ 19,712

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