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
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Tanger Factory Outlet Centers, Inc [Member]
   
OPERATING ACTIVITIES    
Net income $ 34,005 $ 21,292
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 44,460 50,438
Amortization of deferred financing costs 1,201 1,146
Equity in (earnings) losses of unconsolidated joint ventures (1,093) 2,319
Distributions of cumulative earnings from unconsolidated joint ventures 2,129 466
Share-based compensation expense 5,399 5,797
Amortization of debt (premiums) and discounts, net (513) (499)
Net amortization (accretion) of market rent rate adjustments 154 (430)
Straight-line rent adjustments (2,480) (1,789)
Changes in other assets and liabilities:    
Other assets (1,401) 3,956
Accounts payable and accrued expenses (6,447) 113
Net cash provided by operating activities 75,414 82,809
INVESTING ACTIVITIES    
Additions to rental property (26,146) (19,945)
Additions to investments in unconsolidated joint ventures (40,964) (46,893)
Increase in non-real estate assets (6,562) 0
Distributions in excess of cumulative earnings from unconsolidated joint ventures 4,711 310
Additions to deferred lease costs (1,661) (2,531)
Net cash used in investing activities (70,622) (69,059)
FINANCING ACTIVITIES    
Cash dividends paid (40,976) (37,589)
Distributions to noncontrolling interests in Operating Partnership (2,068) (2,782)
Proceeds from debt issuances 300,203 432,732
Repayments of debt (266,553) (399,864)
Acquisition of noncontrolling interests in other consolidated partnerships 525 0
Distributions to noncontrolling interests in consolidated partnerships (38) 0
Additions to deferred financing costs (57) (2,527)
Proceeds from exercise of options 337 241
Net cash used in financing activities (9,677) (9,789)
Net increase (decrease) in cash and cash equivalents (4,885) 3,961
Cash and cash equivalents, beginning of period 10,335 7,894
Cash and cash equivalents, end of period 5,450 11,855
Tanger Properties Limited Partnership [Member]
   
OPERATING ACTIVITIES    
Net income 34,005 21,292
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 44,460 50,438
Amortization of deferred financing costs 1,201 1,146
Equity in (earnings) losses of unconsolidated joint ventures (1,093) 2,319
Distributions of cumulative earnings from unconsolidated joint ventures 2,129 466
Share-based compensation expense 5,399 5,797
Amortization of debt (premiums) and discounts, net (513) (499)
Net amortization (accretion) of market rent rate adjustments 154 (430)
Straight-line rent adjustments (2,480) (1,789)
Changes in other assets and liabilities:    
Other assets (1,362) 3,854
Accounts payable and accrued expenses (6,506) 111
Net cash provided by operating activities 75,394 82,705
INVESTING ACTIVITIES    
Additions to rental property (26,146) (19,945)
Additions to investments in unconsolidated joint ventures (40,964) (46,893)
Increase in non-real estate assets (6,562) 0
Distributions in excess of cumulative earnings from unconsolidated joint ventures 4,711 310
Additions to deferred lease costs (1,661) (2,531)
Net cash used in investing activities (70,622) (69,059)
FINANCING ACTIVITIES    
Cash dividends paid (43,044) (40,371)
Proceeds from debt issuances 300,203 432,732
Repayments of debt (266,553) (399,864)
Acquisition of noncontrolling interests in other consolidated partnerships 525 0
Distributions to noncontrolling interests in consolidated partnerships (38) 0
Additions to deferred financing costs (57) (2,527)
Proceeds from exercise of options 337 241
Net cash used in financing activities (9,677) (9,789)
Net increase (decrease) in cash and cash equivalents (4,905) 3,857
Cash and cash equivalents, beginning of period 10,295 7,866
Cash and cash equivalents, end of period $ 5,390 $ 11,723