CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
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12 Months Ended | |||||
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Dec. 31, 2012
Tanger Factory Outlet Centers, Inc [Member]
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Dec. 31, 2011
Tanger Factory Outlet Centers, Inc [Member]
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Dec. 31, 2010
Tanger Factory Outlet Centers, Inc [Member]
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Dec. 31, 2012
Tanger Properties Limited Partnership [Member]
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Dec. 31, 2011
Tanger Properties Limited Partnership [Member]
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Dec. 31, 2010
Tanger Properties Limited Partnership [Member]
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OPERATING ACTIVITIES: | ||||||
Net income | $ 56,476,000 | $ 50,989,000 | $ 38,244,000 | $ 56,476,000 | $ 50,989,000 | $ 38,244,000 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Depreciation and amortization (including discontinued operations) | 98,683,000 | 84,015,000 | 78,126,000 | 98,683,000 | 84,015,000 | 78,126,000 |
Impairment charges (including discontinued operations) | 0 | 0 | 846,000 | 0 | 0 | 846,000 |
Amortization of deferred financing costs | 2,313,000 | 2,143,000 | 1,286,000 | 2,313,000 | 2,143,000 | 1,286,000 |
Equity in losses of unconsolidated joint ventures | 3,295,000 | 1,565,000 | 464,000 | 3,295,000 | 1,565,000 | 464,000 |
Distributions of cumulative earnings from unconsolidated joint ventures | 1,005,000 | 499,000 | 653,000 | 1,005,000 | 499,000 | 653,000 |
Loss on termination of derivatives | 0 | 0 | 6,142,000 | 0 | 0 | 6,142,000 |
Loss on early extinguishment of exchangeable debt | 0 | 0 | 563,000 | 0 | 0 | 563,000 |
Share-based Compensation, Cashflow | 10,676,000 | 7,291,000 | 5,848,000 | 10,676,000 | 7,291,000 | 5,848,000 |
Amortization of debt (premiums) and discounts, net | 1,007,000 | 315,000 | 176,000 | 1,007,000 | 315,000 | 176,000 |
Gain on sale of outparcels of land | 0 | 0 | (161,000) | 0 | 0 | (161,000) |
Net accretion of market rent rate adjustments | (348,000) | (454,000) | (950,000) | (348,000) | (454,000) | (950,000) |
Straight-line rent adjustments | (3,649,000) | (3,829,000) | (2,676,000) | (3,649,000) | (3,829,000) | (2,676,000) |
Changes in other asset and liabilities: | ||||||
Other assets | (5,557,000) | (9,080,000) | (8,844,000) | (5,447,000) | (9,127,000) | (8,781,000) |
Accounts payable and accrued expenses | (3,878,000) | (3,170,000) | 865,000 | (3,756,000) | (3,276,000) | 962,000 |
Net cash provided by operating activities | 165,765,000 | 135,994,000 | 118,500,000 | 165,753,000 | 136,053,000 | 118,466,000 |
INVESTING ACTIVITIES: | ||||||
Additions of rental property | (41,283,000) | (60,314,000) | (77,487,000) | (41,283,000) | (60,314,000) | (77,487,000) |
Acquisition of rental property | 0 | (266,211,000) | 0 | 0 | (266,211,000) | 0 |
Additions to investments in unconsolidated joint ventures | (103,041,000) | (25,314,000) | 0 | (103,041,000) | (25,314,000) | 0 |
Termination payments related to derivatives | 0 | 0 | (6,142,000) | 0 | 0 | (6,142,000) |
Distributions in excess of cumulative earnings from unconsolidated joint ventures | (1,471,000) | (701,000) | (897,000) | (1,471,000) | (701,000) | (897,000) |
Additions to deferred lease costs | (5,056,000) | (10,661,000) | (6,146,000) | (5,056,000) | (10,661,000) | (6,146,000) |
Net proceeds from sales of real estate | 0 | 723,000 | 2,025,000 | 0 | 723,000 | 2,025,000 |
Net cash used in investing activities | (147,909,000) | (361,076,000) | (86,853,000) | (147,909,000) | (361,076,000) | (86,853,000) |
FINANCING ACTIVITIES: | ||||||
Cash dividends paid | (76,903,000) | (66,530,000) | (68,737,000) | (81,834,000) | (76,031,000) | (78,110,000) |
Distributions to noncontrolling interests in Operating Partnership | 4,931,000 | 9,501,000 | 9,373,000 | |||
Proceeds from issuance of common shares | 0 | 117,375,000 | 0 | |||
Contributions from partners | 0 | (117,375,000) | 0 | |||
Payments to redeem preferred shares | 0 | 0 | (75,000,000) | 0 | 0 | (75,000,000) |
Proceeds from debt issuances | 585,800,000 | 876,342,000 | 903,030,000 | 585,800,000 | 876,342,000 | 903,030,000 |
Repayments of debt | (517,271,000) | (687,390,000) | (773,600,000) | (517,271,000) | (687,390,000) | (773,600,000) |
Additions to deferred financing costs | (2,591,000) | (3,431,000) | (6,583,000) | (2,591,000) | (3,431,000) | (6,583,000) |
Proceeds from exercise of options | 481,000 | 353,000 | 1,107,000 | 481,000 | 353,000 | 1,107,000 |
Net cash provided (used in) by financing activities | (15,415,000) | 227,218,000 | (29,156,000) | (15,415,000) | 227,218,000 | (29,156,000) |
Net increase in cash and cash equivalents | 2,441,000 | 2,136,000 | 2,491,000 | 2,429,000 | 2,195,000 | 2,457,000 |
Cash and cash equivalents, beginning of year | 7,894,000 | 5,758,000 | 3,267,000 | 7,866,000 | 5,671,000 | 3,214,000 |
Cash and cash equivalents, end of year | $ 10,335,000 | $ 7,894,000 | $ 5,758,000 | $ 10,295,000 | $ 7,866,000 | $ 5,671,000 |
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- Definition
Additions to deferred lease costs including (1) internal lease costs capitalized directly related to the creation of a new lease and (2) payments of lease commissions to third-parties. No definition available.
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- Definition
The cash flow add back for the noncash expense of depreciation and amortization including properties classified in discontinued operations. No definition available.
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- Definition
This item represents disclosure of the amount of dividends or other distributions received from unconsolidated subsidiaries, certain corporate joint ventures, and certain noncontrolled corporation; these investments are accounted for under the equity method of accounting. This element includes distributions that constitute a return of investment, which are classified as investing activities. No definition available.
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- Definition
Gain (loss) recognized on sale of land No definition available.
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Charges against earnings for both operating properties and properties classified as discontinued operations during the reporting period to reduce the carrying amount of real property to fair value. No definition available.
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- Definition
The amortization of the identifiable intangible asset or liability established for an assumed above or below market lease acquired in an acquisition. Such asset or liability is established regardless of whether the acquiree is the lessee or lessor. The amortization is over the life of the lease including probability assumptions for renewal periods. No definition available.
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- Definition
Share-based Compensation, Cashflow No definition available.
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- Definition
Cash outflow to terminate derivative instrument contract. No definition available.
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- Details
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- Definition
Amount of noncash expense included in interest expense to amortize debt discount and premium associated with the related debt instruments. Excludes amortization of financing costs. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of noncash expense included in interest expense to issue debt and obtain financing associated with the related debt instruments. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This item represents disclosure of the amount of dividends or other distributions received from unconsolidated subsidiaries, certain corporate joint ventures, and certain noncontrolled corporation; these investments are accounted for under the equity method of accounting. This element excludes distributions that constitute a return of investment, which are classified as investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate net gain (loss) on all derivative instruments recognized in earnings during the period, before tax effects. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The increase (decrease) during the reporting period in other assets used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets, other noncurrent assets, or a combination of other current and noncurrent assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash inflow or outflow from financing activity for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The net cash inflow or outflow from investing activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The net cash from (used in) all of the entity's operating activities, including those of discontinued operations, of the reporting entity. Operating activities generally involve producing and delivering goods and providing services. Operating activity cash flows include transactions, adjustments, and changes in value that are not defined as investing or financing activities. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Total contributions made by each class of partners (i.e., general, limited and preferred partners). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow for reacquisition of callable preferred stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Cash outflow in the form of capital distributions and dividends to common shareholders, preferred shareholders and noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow for loan and debt issuance costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of or advances to an entity that is related to it but not strictly controlled (for example, an unconsolidated subsidiary, affiliate, and joint venture or equity method investment) or the acquisition of an additional interest in a subsidiary (controlled entity). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow from the acquisition of a piece of land, anything permanently fixed to it, including buildings, structures on it and so forth; includes real estate intended to generate income for the owner; excludes real estate acquired for use by the owner. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Payments to develop real estate assets is the process of adding improvements on or to a parcel of land. Such improvements may include drainage, utilities, subdividing, access, buildings, and any combination of these elements; and are generally classified as cash flow from investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow to return capital to noncontrolled interest, which generally occurs when noncontrolling shareholders reduce their ownership stake (in a subsidiary of the entity). This element does not include dividends paid to noncontrolling shareholders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from the additional capital contribution to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from a debt initially having maturity due after one year or beyond the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Cash received for the sale of real estate that is not part of an investing activity during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow associated with the amount received from holders exercising their stock options. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Difference between actual rental income due and rental income recognized on a straight-line basis. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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