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, 2013
Sep. 30, 2012
Tanger Factory Outlet Centers, Inc [Member]
    
OPERATING ACTIVITIES    
Net income $ 90,185 $ 37,462
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 68,683 75,247
Amortization of deferred financing costs 1,795 1,722
Gain on previously held interest in acquired joint venture (26,002) 0
Equity in (earnings) losses of unconsolidated joint ventures (10,107) 2,874
Distributions of cumulative earnings from unconsolidated joint ventures 4,415 740
Share-based compensation expense 8,363 8,231
Amortization of debt (premiums) and discounts, net (767) (753)
Net amortization (accretion) of market rent rate adjustments 389 (489)
Straight-line rent adjustments (4,068) (2,866)
Changes in other assets and liabilities:    
Other assets 236 (1,336)
Accounts payable and accrued expenses 3,947 8,331
Net cash provided by operating activities 137,069 129,163
INVESTING ACTIVITIES    
Additions to rental property (40,578) (31,157)
Acquisition of interest in unconsolidated joint venture, net of cash acquired (11,271) 0
Additions to investments in unconsolidated joint ventures (140,373) (57,810)
Additions to non-real estate assets (7,768) 0
Distributions in excess of cumulative earnings from unconsolidated joint ventures 45,891 336
Additions to deferred lease costs (3,381) (3,430)
Net cash used in investing activities (157,480) (92,061)
FINANCING ACTIVITIES    
Cash dividends paid (62,206) (57,202)
Distributions to noncontrolling interests in Operating Partnership (3,136) (3,900)
Proceeds from debt issuances 500,003 491,477
Repayments of debt (413,806) (463,705)
Acquisition of noncontrolling interests in other consolidated partnerships 525 0
Distributions to noncontrolling interests in consolidated partnerships (67) 0
Additions to deferred financing costs (37) (2,527)
Proceeds from exercise of options 332 372
Net cash used in financing activities 20,558 (35,485)
Net increase in cash and cash equivalents 147 1,617
Cash and cash equivalents, beginning of period 10,335 7,894
Cash and cash equivalents, end of period 10,482 9,511
Tanger Properties Limited Partnership [Member]
    
OPERATING ACTIVITIES    
Net income 90,185 37,462
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 68,683 75,247
Amortization of deferred financing costs 1,795 1,722
Gain on previously held interest in acquired joint venture (26,002) 0
Equity in (earnings) losses of unconsolidated joint ventures (10,107) 2,874
Distributions of cumulative earnings from unconsolidated joint ventures 4,415 740
Share-based compensation expense 8,363 8,231
Amortization of debt (premiums) and discounts, net (767) (753)
Net amortization (accretion) of market rent rate adjustments 389 (489)
Straight-line rent adjustments (4,068) (2,866)
Changes in other assets and liabilities:    
Other assets 214 (1,274)
Accounts payable and accrued expenses 3,985 8,290
Net cash provided by operating activities 137,085 129,184
INVESTING ACTIVITIES    
Additions to rental property (40,578) (31,157)
Acquisition of interest in unconsolidated joint venture, net of cash acquired (11,271) 0
Additions to investments in unconsolidated joint ventures (140,373) (57,810)
Additions to non-real estate assets (7,768) 0
Distributions in excess of cumulative earnings from unconsolidated joint ventures 45,891 336
Additions to deferred lease costs (3,381) (3,430)
Net cash used in investing activities (157,480) (92,061)
FINANCING ACTIVITIES    
Cash dividends paid (65,342) (61,102)
Proceeds from debt issuances 500,003 491,477
Repayments of debt (413,806) (463,705)
Acquisition of noncontrolling interests in other consolidated partnerships 525 0
Distributions to noncontrolling interests in consolidated partnerships (67) 0
Additions to deferred financing costs (37) (2,527)
Proceeds from exercise of options 332 372
Net cash used in financing activities 20,558 (35,485)
Net increase in cash and cash equivalents 163 1,638
Cash and cash equivalents, beginning of period 10,295 7,866
Cash and cash equivalents, end of period $ 10,458 $ 9,504