Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Tanger Factory Outlet Centers, Inc [Member]
    
OPERATING ACTIVITIES    
Net income $ 16,229 $ 8,834
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 22,288 25,515
Amortization of deferred financing costs 603 561
Equity in (earnings) losses of unconsolidated joint ventures (590) 1,452
Distributions of cumulative earnings from unconsolidated joint ventures 293 237
Share-based compensation expense 2,460 3,391
Amortization of debt (premiums) and discounts, net (259) (248)
Net accretion of market rent rate adjustments (27) (234)
Straight-line rent adjustments (1,088) (997)
Changes in other assets and liabilities:    
Other assets (1,313) (1,287)
Accounts payable and accrued expenses (3,305) 5,373
Net cash provided by operating activities 35,291 42,597
INVESTING ACTIVITIES    
Additions to rental property (8,495) (8,335)
Acquisition of consolidated joint venture interest (525) 0
Additions to investments in unconsolidated joint ventures (9,751) (21,371)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 1,221 63
Additions to deferred lease costs (648) (1,329)
Net cash used in investing activities (17,673) (30,972)
FINANCING ACTIVITIES    
Cash dividends paid (19,731) (18,156)
Distributions to noncontrolling interests in Operating Partnership (1,000) (1,488)
Proceeds from debt issuances 80,246 341,781
Repayments of debt (84,313) (328,432)
Additions to deferred financing costs (56) (2,483)
Proceeds from exercise of options 117 46
Net cash used in financing activities (25,262) (8,732)
Net increase (decrease) in cash and cash equivalents (7,644) 2,893
Cash and cash equivalents, beginning of period 10,335 7,894
Cash and cash equivalents, end of period 2,691 10,787
Tanger Properties Limited Partnership [Member]
    
OPERATING ACTIVITIES    
Net income 16,229 8,834
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 22,288 25,515
Amortization of deferred financing costs 603 561
Equity in (earnings) losses of unconsolidated joint ventures (590) 1,452
Distributions of cumulative earnings from unconsolidated joint ventures 293 237
Share-based compensation expense 2,460 3,391
Amortization of debt (premiums) and discounts, net (259) (248)
Net accretion of market rent rate adjustments (27) (234)
Straight-line rent adjustments (1,088) (997)
Changes in other assets and liabilities:    
Other assets (1,226) (1,072)
Accounts payable and accrued expenses (3,431) 5,114
Net cash provided by operating activities 35,252 42,553
INVESTING ACTIVITIES    
Additions to rental property (8,495) (8,335)
Acquisition of consolidated joint venture interest (525) 0
Additions to investments in unconsolidated joint ventures (9,751) (21,371)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 1,221 63
Additions to deferred lease costs (648) (1,329)
Net cash used in investing activities (17,673) (30,972)
FINANCING ACTIVITIES    
Cash dividends paid (20,731) (19,644)
Proceeds from debt issuances 80,246 341,781
Repayments of debt (84,313) (328,432)
Additions to deferred financing costs (56) (2,483)
Proceeds from exercise of options 117 46
Net cash used in financing activities (25,262) (8,732)
Net increase (decrease) in cash and cash equivalents (7,683) 2,849
Cash and cash equivalents, beginning of period 10,295 7,866
Cash and cash equivalents, end of period $ 2,612 $ 10,715