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
 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Tanger Factory Outlet Centers, Inc [Member]    
OPERATING ACTIVITIES    
Net income $ 108,205 $ 59,632
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 77,046 77,034
Amortization of deferred financing costs 1,896 1,654
Abandoned pre-development costs 0 1,596
Casualty gain 0 (329)
Gain on sale of assets and interests in unconsolidated entities (33,941) 0
Equity in earnings of unconsolidated joint ventures (8,302) (6,200)
Share-based compensation expense 11,560 10,933
Amortization of debt (premiums) and discounts, net 65 (273)
Amortization (accretion) of market rent rate adjustments, net 2,124 2,250
Straight-line rent adjustments (4,742) (5,027)
Distributions of cumulative earnings from unconsolidated joint ventures 8,803 4,166
Changes in other assets and liabilities:    
Other assets 2,197 (1,784)
Accounts payable and accrued expenses 10,117 4,854
Net cash provided by operating activities 175,028 148,506
INVESTING ACTIVITIES    
Additions to rental property (181,127) (90,254)
Additions to investments in unconsolidated joint ventures (31,517) (114,476)
Net proceeds on sale of assets and interests in unconsolidated entities 58,799 0
Change in restricted cash (42,904) 0
Proceeds from insurance reimbursements 253 1,784
Additions to non-real estate assets (691) (933)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 19,325 5,374
Additions to deferred lease costs (5,592) (4,109)
Net cash used in investing activities (183,454) (202,614)
FINANCING ACTIVITIES    
Cash dividends paid (77,569) (67,445)
Distributions to noncontrolling interests in Operating Partnership (4,114) (3,612)
Proceeds from debt issuances 469,663 410,300
Repayments of debt (373,698) (289,381)
Employee income taxes paid related to shares withheld upon vesting of equity awards (1,115) 0
Distributions to noncontrolling interests in other consolidated partnerships (116) (88)
Additions to deferred financing costs (758) (778)
Proceeds from exercise of options 448 895
Contributions from noncontrolling interests 259 0
Net cash provided by financing activities 13,000 49,891
Effect of foreign currency rate changes on cash and cash equivalents (788) (200)
Net increase (decrease) in cash and cash equivalents 3,786 (4,417)
Cash and cash equivalents, beginning of period 16,875 15,241
Cash and cash equivalents, end of period 20,661 10,824
Tanger Properties Limited Partnership [Member]    
OPERATING ACTIVITIES    
Net income 108,205 59,632
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 77,046 77,034
Amortization of deferred financing costs 1,896 1,654
Abandoned pre-development costs 0 1,596
Casualty gain 0 (329)
Gain on sale of assets and interests in unconsolidated entities (33,941) 0
Equity in earnings of unconsolidated joint ventures (8,302) (6,200)
Share-based compensation expense 11,560 10,933
Amortization of debt (premiums) and discounts, net 65 (273)
Amortization (accretion) of market rent rate adjustments, net 2,124 2,250
Straight-line rent adjustments (4,742) (5,027)
Distributions of cumulative earnings from unconsolidated joint ventures 8,803 4,166
Changes in other assets and liabilities:    
Other assets 2,397 (1,439)
Accounts payable and accrued expenses 10,965 4,758
Net cash provided by operating activities 176,076 148,755
INVESTING ACTIVITIES    
Additions to rental property (181,127) (90,254)
Additions to investments in unconsolidated joint ventures (31,517) (114,476)
Net proceeds on sale of assets and interests in unconsolidated entities 58,799 0
Change in restricted cash (42,904) 0
Proceeds from insurance reimbursements 253 1,784
Additions to non-real estate assets (691) (933)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 19,325 5,374
Additions to deferred lease costs (5,592) (4,109)
Net cash used in investing activities (183,454) (202,614)
FINANCING ACTIVITIES    
Cash dividends paid (81,683) (71,057)
Proceeds from debt issuances 469,663 410,300
Repayments of debt (373,698) (289,381)
Employee income taxes paid related to shares withheld upon vesting of equity awards (1,115) 0
Distributions to noncontrolling interests in other consolidated partnerships (116) (88)
Additions to deferred financing costs (758) (778)
Proceeds from exercise of options 448 895
Contributions from noncontrolling interests 259 0
Net cash provided by financing activities 13,000 49,891
Effect of foreign currency rate changes on cash and cash equivalents (788) (200)
Net increase (decrease) in cash and cash equivalents 4,834 (4,168)
Cash and cash equivalents, beginning of period 15,806 14,984
Cash and cash equivalents, end of period $ 20,640 $ 10,816