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, 2014
Mar. 31, 2013
Tanger Factory Outlet Centers, Inc [Member]
    
OPERATING ACTIVITIES    
Net income $ 15,440 $ 16,229
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 26,063 22,288
Amortization of deferred financing costs 553 603
Equity in earnings of unconsolidated joint ventures (1,933) (590)
Distributions of cumulative earnings from unconsolidated joint ventures 1,363 293
Share-based compensation expense 3,366 2,460
Amortization of debt (premiums) and discounts, net (89) (259)
Net amortization (accretion) of market rent rate adjustments 669 (27)
Straight-line rent adjustments (1,838) (1,088)
Changes in other assets and liabilities:    
Other assets 587 (1,313)
Accounts payable and accrued expenses (3,275) (3,281)
Net cash provided by operating activities 42,502 35,315
INVESTING ACTIVITIES    
Additions to rental property (13,269) (8,495)
Additions to investments in unconsolidated joint ventures (33,679) (9,751)
Additions to non-real estate assets (705) 0
Distributions in excess of cumulative earnings from unconsolidated joint ventures 1,320 1,221
Additions to deferred lease costs (1,874) (648)
Net cash used in investing activities (48,207) (17,673)
FINANCING ACTIVITIES    
Cash dividends paid (21,459) (19,731)
Distributions to noncontrolling interests in Operating Partnership (1,158) (1,000)
Proceeds from debt issuances 133,100 80,246
Repayments of debt (103,291) (84,313)
Acquisition of noncontrolling interests in other consolidated partnerships 0 (525)
Distributions to noncontrolling interests in other consolidated partnerships (26) 0
Additions to deferred financing costs (43) (56)
Proceeds from exercise of options 261 117
Net cash provided by (used in) financing activities 7,384 (25,262)
Effect of foreign currency rate changes on cash and cash equivalents (14) (24)
Net increase (decrease) in cash and cash equivalents 1,665 (7,644)
Cash and cash equivalents, beginning of period 15,241 10,335
Cash and cash equivalents, end of period 16,906 2,691
Tanger Properties Limited Partnership [Member]
    
OPERATING ACTIVITIES    
Net income 15,440 16,229
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 26,063 22,288
Amortization of deferred financing costs 553 603
Equity in earnings of unconsolidated joint ventures (1,933) (590)
Distributions of cumulative earnings from unconsolidated joint ventures 1,363 293
Share-based compensation expense 3,366 2,460
Amortization of debt (premiums) and discounts, net (89) (259)
Net amortization (accretion) of market rent rate adjustments 669 (27)
Straight-line rent adjustments (1,838) (1,088)
Changes in other assets and liabilities:    
Other assets 840 (1,226)
Accounts payable and accrued expenses (3,330) (3,407)
Net cash provided by operating activities 42,700 35,276
INVESTING ACTIVITIES    
Additions to rental property (13,269) (8,495)
Additions to investments in unconsolidated joint ventures (33,679) (9,751)
Additions to non-real estate assets (705) 0
Distributions in excess of cumulative earnings from unconsolidated joint ventures 1,320 1,221
Additions to deferred lease costs (1,874) (648)
Net cash used in investing activities (48,207) (17,673)
FINANCING ACTIVITIES    
Cash dividends paid (22,617) (20,731)
Proceeds from debt issuances 133,100 80,246
Repayments of debt (103,291) (84,313)
Acquisition of noncontrolling interests in other consolidated partnerships 0 (525)
Distributions to noncontrolling interests in other consolidated partnerships (26) 0
Additions to deferred financing costs (43) (56)
Proceeds from exercise of options 261 117
Net cash provided by (used in) financing activities 7,384 (25,262)
Effect of foreign currency rate changes on cash and cash equivalents (14) (24)
Net increase (decrease) in cash and cash equivalents 1,863 (7,683)
Cash and cash equivalents, beginning of period 14,984 10,295
Cash and cash equivalents, end of period $ 16,847 $ 2,612