Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Tanger Factory Outlet Centers, Inc [Member]    
OPERATING ACTIVITIES    
Net income $ 178,693,000 $ 108,205,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 82,078,000 77,046,000
Amortization of deferred financing costs 2,350,000 1,896,000
Gain on sale of assets and interests in unconsolidated entities (6,305,000) (33,941,000)
Gain on previously held interests in acquired joint ventures (95,516,000) 0
Equity in earnings of unconsolidated joint ventures (7,680,000) (8,302,000)
Share-based compensation expense 11,815,000 11,560,000
Amortization of debt (premiums) and discounts, net 1,160,000 65,000
Amortization (accretion) of market rent rate adjustments, net 2,087,000 2,124,000
Straight-line rent adjustments (5,092,000) (4,742,000)
Distributions of cumulative earnings from unconsolidated joint ventures 10,571,000 8,803,000
Changes in other assets and liabilities:    
Other assets 1,093,000 2,197,000
Accounts payable and accrued expenses 2,512,000 10,117,000
Net cash provided by operating activities 177,766,000 175,028,000
INVESTING ACTIVITIES    
Additions to rental property (112,213,000) (181,127,000)
Acquisitions of interests in unconsolidated joint ventures, net of cash acquired (45,219,000) 0
Acquisition of noncontrolling interest in other consolidated partnership (1,942,000) 0
Additions to investments in unconsolidated joint ventures (27,851,000) (31,517,000)
Net proceeds on sale of assets and interests in unconsolidated entities 28,706,000 58,799,000
Change in restricted cash 118,370,000 (42,904,000)
Proceeds from insurance reimbursements 721,000 253,000
Additions to non-real estate assets (8,982,000) (691,000)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 14,193,000 19,325,000
Additions to deferred lease costs (5,273,000) (5,592,000)
Net cash used in investing activities (39,490,000) (183,454,000)
FINANCING ACTIVITIES    
Cash dividends paid (109,879,000) (77,569,000)
Distributions to noncontrolling interests in Operating Partnership (5,786,000) (4,114,000)
Proceeds from revolving credit facility 733,450,000 409,400,000
Repayments of revolving credit facility (727,750,000) (324,600,000)
Proceeds from notes, mortgages and loans 338,270,000 60,263,000
Repayments of notes, mortgages and loans (329,603,000) (49,098,000)
Repayment of deferred financing obligation (28,388,000) 0
Employee income taxes paid related to shares withheld upon vesting of equity awards (2,164,000) (1,115,000)
Distributions to noncontrolling interests in other consolidated partnerships (99,000) (116,000)
Additions to deferred financing costs (4,243,000) (758,000)
Proceeds from exercise of options 1,693,000 448,000
Contributions from noncontrolling interests in other consolidated partnerships 35,000 259,000
Net cash provided by (used in) financing activities (134,464,000) 13,000,000
Effect of foreign currency rate changes on cash and cash equivalents 532,000 (788,000)
Net increase in cash and cash equivalents 4,344,000 3,786,000
Cash and cash equivalents, beginning of period 21,558,000 16,875,000
Cash and cash equivalents, end of period 25,902,000 20,661,000
Tanger Properties Limited Partnership [Member]    
OPERATING ACTIVITIES    
Net income 178,693,000 108,205,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 82,078,000 77,046,000
Amortization of deferred financing costs 2,350,000 1,896,000
Gain on sale of assets and interests in unconsolidated entities (6,305,000) (33,941,000)
Gain on previously held interests in acquired joint ventures (95,516,000) 0
Equity in earnings of unconsolidated joint ventures (7,680,000) (8,302,000)
Share-based compensation expense 11,815,000 11,560,000
Amortization of debt (premiums) and discounts, net 1,160,000 65,000
Amortization (accretion) of market rent rate adjustments, net 2,087,000 2,124,000
Straight-line rent adjustments (5,092,000) (4,742,000)
Distributions of cumulative earnings from unconsolidated joint ventures 10,571,000 8,803,000
Changes in other assets and liabilities:    
Other assets 780,000 2,397,000
Accounts payable and accrued expenses 2,782,000 10,965,000
Net cash provided by operating activities 177,723,000 176,076,000
INVESTING ACTIVITIES    
Additions to rental property (112,213,000) (181,127,000)
Acquisitions of interests in unconsolidated joint ventures, net of cash acquired (45,219,000) 0
Acquisition of noncontrolling interest in other consolidated partnership (1,942,000) 0
Additions to investments in unconsolidated joint ventures (27,851,000) (31,517,000)
Net proceeds on sale of assets and interests in unconsolidated entities 28,706,000 58,799,000
Change in restricted cash 118,370,000 (42,904,000)
Proceeds from insurance reimbursements 721,000 253,000
Additions to non-real estate assets (8,982,000) (691,000)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 14,193,000 19,325,000
Additions to deferred lease costs (5,273,000) (5,592,000)
Net cash used in investing activities (39,490,000) (183,454,000)
FINANCING ACTIVITIES    
Cash dividends paid (115,665,000) (81,683,000)
Proceeds from revolving credit facility 733,450,000 409,400,000
Repayments of revolving credit facility (727,750,000) (324,600,000)
Proceeds from notes, mortgages and loans 338,270,000 60,263,000
Repayments of notes, mortgages and loans (329,603,000) (49,098,000)
Repayment of deferred financing obligation (28,388,000) 0
Employee income taxes paid related to shares withheld upon vesting of equity awards (2,164,000) (1,115,000)
Distributions to noncontrolling interests in other consolidated partnerships (99,000) (116,000)
Additions to deferred financing costs (4,243,000) (758,000)
Proceeds from exercise of options 1,693,000 448,000
Contributions from noncontrolling interests in other consolidated partnerships 35,000 259,000
Net cash provided by (used in) financing activities (134,464,000) 13,000,000
Effect of foreign currency rate changes on cash and cash equivalents 532,000 (788,000)
Net increase in cash and cash equivalents 4,301,000 4,834,000
Cash and cash equivalents, beginning of period 21,552,000 15,806,000
Cash and cash equivalents, end of period $ 25,853,000 $ 20,640,000