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
 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Tanger Factory Outlet Centers, Inc [Member]    
OPERATING ACTIVITIES    
Net income $ 61,745 $ 35,335
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 48,261 51,260
Amortization of deferred financing costs 1,202 1,107
Abandoned pre-development costs 0 1,596
Gain on sale of assets and interests in unconsolidated entities (13,726) 0
Equity in earnings of unconsolidated joint ventures (4,589) (3,721)
Share-based compensation expense 7,566 7,120
Amortization of debt (premiums) and discounts, net (74) (181)
Amortization (accretion) of market rent rate adjustments, net 1,299 1,527
Straight-line rent adjustments (2,818) (3,361)
Distributions of cumulative earnings from unconsolidated joint ventures 5,535 2,699
Changes in other assets and liabilities:    
Other assets 1,146 2,258
Accounts payable and accrued expenses (4,847) (11,530)
Net cash provided by operating activities 100,700 84,109
INVESTING ACTIVITIES    
Additions to rental property (111,231) (43,703)
Additions to investments in unconsolidated joint ventures (26,938) (69,698)
Net proceeds on sale of interests in unconsolidated entities 15,495 0
Proceeds from insurance reimbursements 187 550
Additions to non-real estate assets (457) (803)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 9,448 3,033
Additions to deferred lease costs (3,989) (2,541)
Net cash used in investing activities (117,485) (113,162)
FINANCING ACTIVITIES    
Cash dividends paid (50,262) (44,448)
Distributions to noncontrolling interests in Operating Partnership (2,666) (2,388)
Proceeds from debt issuances 302,257 271,600
Repayments of debt (230,887) (198,380)
Employee income taxes paid related to shares withheld upon vesting of equity awards (1,084) 0
Distributions to noncontrolling interests in other consolidated partnerships (90) (44)
Additions to deferred financing costs (721) (21)
Proceeds from exercise of options 384 628
Contributions from noncontrolling interests 259 0
Net cash provided by financing activities 17,190 26,947
Effect of foreign currency rate changes on cash and cash equivalents (331) 105
Net increase (decrease) in cash and cash equivalents 74 (2,001)
Cash and cash equivalents, beginning of period 16,875 15,241
Cash and cash equivalents, end of period 16,949 13,240
Tanger Properties Limited Partnership [Member]    
OPERATING ACTIVITIES    
Net income 61,745 35,335
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 48,261 51,260
Amortization of deferred financing costs 1,202 1,107
Abandoned pre-development costs 0 1,596
Gain on sale of assets and interests in unconsolidated entities (13,726) 0
Equity in earnings of unconsolidated joint ventures (4,589) (3,721)
Share-based compensation expense 7,566 7,120
Amortization of debt (premiums) and discounts, net (74) (181)
Amortization (accretion) of market rent rate adjustments, net 1,299 1,527
Straight-line rent adjustments (2,818) (3,361)
Distributions of cumulative earnings from unconsolidated joint ventures 5,535 2,699
Changes in other assets and liabilities:    
Other assets 1,182 2,482
Accounts payable and accrued expenses (3,857) (11,543)
Net cash provided by operating activities 101,726 84,320
INVESTING ACTIVITIES    
Additions to rental property (111,231) (43,703)
Additions to investments in unconsolidated joint ventures (26,938) (69,698)
Net proceeds on sale of interests in unconsolidated entities 15,495 0
Proceeds from insurance reimbursements 187 550
Additions to non-real estate assets (457) (803)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 9,448 3,033
Additions to deferred lease costs (3,989) (2,541)
Net cash used in investing activities (117,485) (113,162)
FINANCING ACTIVITIES    
Cash dividends paid (52,928) (46,836)
Proceeds from debt issuances 302,257 271,600
Repayments of debt (230,887) (198,380)
Employee income taxes paid related to shares withheld upon vesting of equity awards (1,084) 0
Distributions to noncontrolling interests in other consolidated partnerships (90) (44)
Additions to deferred financing costs (721) (21)
Proceeds from exercise of options 384 628
Contributions from noncontrolling interests 259 0
Net cash provided by financing activities 17,190 26,947
Effect of foreign currency rate changes on cash and cash equivalents (331) 105
Net increase (decrease) in cash and cash equivalents 1,100 (1,790)
Cash and cash equivalents, beginning of period 15,806 14,984
Cash and cash equivalents, end of period $ 16,906 $ 13,194