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, 2016
Jun. 30, 2015
Tanger Factory Outlet Centers, Inc [Member]    
OPERATING ACTIVITIES    
Net income $ 105,919 $ 61,745
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 52,873 48,261
Amortization of deferred financing costs 1,505 1,202
Gain on sale of assets and interests in unconsolidated entities (4,887) (13,726)
Gain on previously held interest in acquired joint venture (49,258) 0
Equity in earnings of unconsolidated joint ventures (6,965) (4,589)
Share-based compensation expense 7,655 7,566
Amortization of debt (premiums) and discounts, net 1,075 (74)
Amortization (accretion) of market rent rate adjustments, net 1,303 1,299
Straight-line rent adjustments (3,321) (2,818)
Distributions of cumulative earnings from unconsolidated joint ventures 7,468 5,535
Changes in other assets and liabilities:    
Other assets (1,011) 1,146
Accounts payable and accrued expenses (7,335) (4,847)
Net cash provided by operating activities 105,021 100,700
INVESTING ACTIVITIES    
Additions to rental property (68,582) (111,231)
Acquisition of interest in unconsolidated joint venture, net of cash acquired (34,187) 0
Acquisition of noncontrolling interest in other consolidated partnership (1,942) 0
Additions to investments in unconsolidated joint ventures (19,363) (26,938)
Net proceeds on sale of assets and interests in unconsolidated entities 25,785 15,495
Change in restricted cash 121,306 0
Proceeds from insurance reimbursements 266 187
Additions to non-real estate assets (2,379) (457)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 7,874 9,448
Additions to deferred lease costs (2,919) (3,989)
Net cash provided by (used in) investing activities 25,859 (117,485)
FINANCING ACTIVITIES    
Cash dividends paid (78,675) (50,262)
Distributions to noncontrolling interests in Operating Partnership (4,144) (2,666)
Proceeds from debt issuances 597,715 302,257
Repayments of debt (609,551) (230,887)
Repayment of deferred financing obligation (28,388) 0
Employee income taxes paid related to shares withheld upon vesting of equity awards (1,921) (1,084)
Distributions to noncontrolling interests in other consolidated partnerships (99) (90)
Additions to deferred financing costs (1,883) (721)
Proceeds from exercise of options 1,041 384
Contributions from noncontrolling interests in other consolidated partnerships 35 259
Net cash (used in) provided by financing activities (125,870) 17,190
Effect of foreign currency rate changes on cash and cash equivalents 539 (331)
Net increase in cash and cash equivalents 5,549 74
Cash and cash equivalents, beginning of period 21,558 16,875
Cash and cash equivalents, end of period 27,107 16,949
Tanger Properties Limited Partnership [Member]    
OPERATING ACTIVITIES    
Net income 105,919 61,745
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 52,873 48,261
Amortization of deferred financing costs 1,505 1,202
Gain on sale of assets and interests in unconsolidated entities (4,887) (13,726)
Gain on previously held interest in acquired joint venture (49,258) 0
Equity in earnings of unconsolidated joint ventures (6,965) (4,589)
Share-based compensation expense 7,655 7,566
Amortization of debt (premiums) and discounts, net 1,075 (74)
Amortization (accretion) of market rent rate adjustments, net 1,303 1,299
Straight-line rent adjustments (3,321) (2,818)
Distributions of cumulative earnings from unconsolidated joint ventures 7,468 5,535
Changes in other assets and liabilities:    
Other assets (1,511) 1,182
Accounts payable and accrued expenses (6,848) (3,857)
Net cash provided by operating activities 105,008 101,726
INVESTING ACTIVITIES    
Additions to rental property (68,582) (111,231)
Acquisition of interest in unconsolidated joint venture, net of cash acquired (34,187) 0
Acquisition of noncontrolling interest in other consolidated partnership (1,942) 0
Additions to investments in unconsolidated joint ventures (19,363) (26,938)
Net proceeds on sale of assets and interests in unconsolidated entities 25,785 15,495
Change in restricted cash 121,306 0
Proceeds from insurance reimbursements 266 187
Additions to non-real estate assets (2,379) (457)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 7,874 9,448
Additions to deferred lease costs (2,919) (3,989)
Net cash provided by (used in) investing activities 25,859 (117,485)
FINANCING ACTIVITIES    
Cash dividends paid (82,819) (52,928)
Proceeds from debt issuances 597,715 302,257
Repayments of debt (609,551) (230,887)
Repayment of deferred financing obligation (28,388) 0
Employee income taxes paid related to shares withheld upon vesting of equity awards (1,921) (1,084)
Distributions to noncontrolling interests in other consolidated partnerships (99) (90)
Additions to deferred financing costs (1,883) (721)
Proceeds from exercise of options 1,041 384
Contributions from noncontrolling interests in other consolidated partnerships 35 259
Net cash (used in) provided by financing activities (125,870) 17,190
Effect of foreign currency rate changes on cash and cash equivalents 539 (331)
Net increase in cash and cash equivalents 5,536 1,100
Cash and cash equivalents, beginning of period 21,552 15,806
Cash and cash equivalents, end of period $ 27,088 $ 16,906