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, 2014
Jun. 30, 2013
INVESTING ACTIVITIES    
Proceeds from insurance reimbursements $ 550  
Tanger Factory Outlet Centers, Inc [Member]
    
OPERATING ACTIVITIES    
Net income 35,335 34,005
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 51,260 44,460
Amortization of deferred financing costs 1,107 1,201
Abandoned pre-development costs 1,596 0
Equity in earnings of unconsolidated joint ventures (3,721) (1,093)
Distributions of cumulative earnings from unconsolidated joint ventures 2,699 2,129
Share-based compensation expense 7,120 5,399
Amortization of debt (premiums) and discounts, net (181) (513)
Net amortization (accretion) of market rent rate adjustments 1,527 154
Straight-line rent adjustments (3,361) (2,480)
Changes in other assets and liabilities:    
Other assets 2,258 (1,401)
Accounts payable and accrued expenses (11,530) (6,481)
Net cash provided by operating activities 84,109 75,380
INVESTING ACTIVITIES    
Additions to rental property (45,750) (26,146)
Additions to investments in unconsolidated joint ventures (69,698) (40,964)
Proceeds from insurance reimbursements 550 0
Additions to non-real estate assets (803) (6,562)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 3,033 4,711
Additions to deferred lease costs (2,541) (1,661)
Net cash used in investing activities (115,209) (70,622)
FINANCING ACTIVITIES    
Cash dividends paid (44,448) (40,976)
Distributions to noncontrolling interests in Operating Partnership (2,388) (2,068)
Proceeds from debt issuances 271,600 300,203
Repayments of debt (198,380) (266,553)
Acquisition of noncontrolling interests in other consolidated partnerships 0 (525)
Distributions to noncontrolling interests in other consolidated partnerships (44) (38)
Proceeds from tax increment financing 2,047 0
Additions to deferred financing costs (21) (57)
Proceeds from exercise of options 628 337
Net cash provided by (used in) financing activities 28,994 (9,677)
Effect of foreign currency rate changes on cash and cash equivalents 105 34
Net decrease in cash and cash equivalents (2,001) (4,885)
Cash and cash equivalents, beginning of period 15,241 10,335
Cash and cash equivalents, end of period 13,240 5,450
Tanger Properties Limited Partnership [Member]
    
OPERATING ACTIVITIES    
Net income 35,335 34,005
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 51,260 44,460
Amortization of deferred financing costs 1,107 1,201
Abandoned pre-development costs 1,596 0
Equity in earnings of unconsolidated joint ventures (3,721) (1,093)
Distributions of cumulative earnings from unconsolidated joint ventures 2,699 2,129
Share-based compensation expense 7,120 5,399
Amortization of debt (premiums) and discounts, net (181) (513)
Net amortization (accretion) of market rent rate adjustments 1,527 154
Straight-line rent adjustments (3,361) (2,480)
Changes in other assets and liabilities:    
Other assets 2,482 (1,362)
Accounts payable and accrued expenses (11,543) (6,540)
Net cash provided by operating activities 84,320 75,360
INVESTING ACTIVITIES    
Additions to rental property (45,750) (26,146)
Additions to investments in unconsolidated joint ventures (69,698) (40,964)
Proceeds from insurance reimbursements 550 0
Additions to non-real estate assets (803) (6,562)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 3,033 4,711
Additions to deferred lease costs (2,541) (1,661)
Net cash used in investing activities (115,209) (70,622)
FINANCING ACTIVITIES    
Cash dividends paid (46,836) (43,044)
Proceeds from debt issuances 271,600 300,203
Repayments of debt (198,380) (266,553)
Acquisition of noncontrolling interests in other consolidated partnerships 0 (525)
Distributions to noncontrolling interests in other consolidated partnerships (44) (38)
Proceeds from tax increment financing 2,047 0
Additions to deferred financing costs (21) (57)
Proceeds from exercise of options 628 337
Net cash provided by (used in) financing activities 28,994 (9,677)
Effect of foreign currency rate changes on cash and cash equivalents 105 34
Net decrease in cash and cash equivalents (1,790) (4,905)
Cash and cash equivalents, beginning of period 14,984 10,295
Cash and cash equivalents, end of period $ 13,194 $ 5,390