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
 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
INVESTING ACTIVITIES    
Proceeds from insurance reimbursements $ 1,300  
Tanger Factory Outlet Centers, Inc [Member]
    
OPERATING ACTIVITIES    
Net income 59,632 90,185
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 77,034 68,683
Amortization of deferred financing costs 1,654 1,795
Abandoned pre-development costs 1,596 0
Casualty gain (329) 0
Gain on previously held interest in acquired joint venture 0 (26,002)
Equity in earnings of unconsolidated joint ventures (6,200) (10,107)
Distributions of cumulative earnings from unconsolidated joint ventures 4,166 4,415
Share-based compensation expense 10,933 8,363
Amortization of debt (premiums) and discounts, net (273) (767)
Net amortization (accretion) of market rent rate adjustments 2,250 389
Straight-line rent adjustments (5,027) (4,068)
Changes in other assets and liabilities:    
Other assets (1,784) 236
Accounts payable and accrued expenses 4,854 3,857
Net cash provided by operating activities 148,506 136,979
INVESTING ACTIVITIES    
Additions to rental property (92,500) (40,578)
Acquisition of interest in unconsolidated joint venture, net of cash acquired 0 (11,271)
Additions to investments in and notes receivable from unconsolidated joint ventures (114,476) (140,373)
Proceeds from insurance reimbursements 1,784 0
Additions to non-real estate assets (933) (7,768)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 5,374 45,891
Additions to deferred lease costs (4,109) (3,381)
Net cash used in investing activities (204,860) (157,480)
FINANCING ACTIVITIES    
Cash dividends paid (67,445) (62,206)
Distributions to noncontrolling interests in Operating Partnership (3,612) (3,136)
Proceeds from debt issuances 410,300 500,003
Repayments of debt (289,381) (413,806)
Acquisition of noncontrolling interests in other consolidated partnerships 0 (525)
Distributions to noncontrolling interests in other consolidated partnerships (88) (67)
Proceeds from tax increment financing 2,246 0
Additions to deferred financing costs (778) (37)
Proceeds from exercise of options 895 332
Net cash provided by financing activities 52,137 20,558
Effect of foreign currency rate changes on cash and cash equivalents (200) 90
Net increase (decrease) in cash and cash equivalents (4,417) 147
Cash and cash equivalents, beginning of period 15,241 10,335
Cash and cash equivalents, end of period 10,824 10,482
Tanger Properties Limited Partnership [Member]
    
OPERATING ACTIVITIES    
Net income 59,632 90,185
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 77,034 68,683
Amortization of deferred financing costs 1,654 1,795
Abandoned pre-development costs 1,596 0
Casualty gain (329) 0
Gain on previously held interest in acquired joint venture 0 (26,002)
Equity in earnings of unconsolidated joint ventures (6,200) (10,107)
Distributions of cumulative earnings from unconsolidated joint ventures 4,166 4,415
Share-based compensation expense 10,933 8,363
Amortization of debt (premiums) and discounts, net (273) (767)
Net amortization (accretion) of market rent rate adjustments 2,250 389
Straight-line rent adjustments (5,027) (4,068)
Changes in other assets and liabilities:    
Other assets (1,439) 214
Accounts payable and accrued expenses 4,758 3,895
Net cash provided by operating activities 148,755 136,995
INVESTING ACTIVITIES    
Additions to rental property (92,500) (40,578)
Acquisition of interest in unconsolidated joint venture, net of cash acquired 0 (11,271)
Additions to investments in and notes receivable from unconsolidated joint ventures (114,476) (140,373)
Proceeds from insurance reimbursements 1,784 0
Additions to non-real estate assets (933) (7,768)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 5,374 45,891
Additions to deferred lease costs (4,109) (3,381)
Net cash used in investing activities (204,860) (157,480)
FINANCING ACTIVITIES    
Cash dividends paid (71,057) (65,342)
Proceeds from debt issuances 410,300 500,003
Repayments of debt (289,381) (413,806)
Acquisition of noncontrolling interests in other consolidated partnerships 0 (525)
Distributions to noncontrolling interests in other consolidated partnerships (88) (67)
Proceeds from tax increment financing 2,246 0
Additions to deferred financing costs (778) (37)
Proceeds from exercise of options 895 332
Net cash provided by financing activities 52,137 20,558
Effect of foreign currency rate changes on cash and cash equivalents (200) 90
Net increase (decrease) in cash and cash equivalents (4,168) 163
Cash and cash equivalents, beginning of period 14,984 10,295
Cash and cash equivalents, end of period $ 10,816 $ 10,458