Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Tanger Factory Outlet Centers, Inc. [Member]    
OPERATING ACTIVITIES    
Net income (loss) $ (28,119) $ 65,841
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 29,417 31,760
Impairment charge 45,675 0
Amortization of deferred financing costs 757 747
Gain on sale of assets 0 (43,422)
Equity in earnings of unconsolidated joint ventures (1,527) (1,629)
Equity-based compensation expense 3,789 3,818
Amortization of debt (premiums) and discounts, net 118 109
Amortization (accretion) of market rent rate adjustments, net 362 480
Straight-line rent adjustments (1,872) (1,970)
Distributions of cumulative earnings from unconsolidated joint ventures 1,517 1,455
Changes in other assets and liabilities:    
Other assets 2,210 873
Accounts payable and accrued expenses (25,045) (24,894)
Net cash provided by operating activities 27,282 33,168
INVESTING ACTIVITIES    
Additions to rental property (10,551) (9,906)
Additions to investments in unconsolidated joint ventures (261) (779)
Net proceeds from sale of assets 0 128,248
Additions to non-real estate assets (677) (174)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 3,488 8,157
Additions to deferred lease costs (1,220) (1,209)
Other investing activities 2,844 2,936
Net cash provided by (used) in investing activities (6,377) 127,273
FINANCING ACTIVITIES    
Cash dividends paid (33,034) (32,910)
Distributions to noncontrolling interests in Operating Partnership (1,744) (1,735)
Proceeds from revolving credit facility 634,030 135,200
Repayments of revolving credit facility (34,200) (265,300)
Repayments of notes, mortgages and loans (873) (825)
Employee income taxes paid related to shares withheld upon vesting of equity awards (736) (1,781)
Additions to deferred financing costs (65) (65)
Proceeds from other financing activities 72 18
Payment for other financing activities (549) (500)
Net cash provided by (used) in financing activities 562,901 (167,898)
Effect of foreign currency rate changes on cash and cash equivalents (24) (10)
Net increase (decrease) in cash and cash equivalents 583,782 (7,467)
Cash and cash equivalents, beginning of period 16,672 9,083
Cash and cash equivalents, end of period 600,454 1,616
Tanger Properties Limited Partnership [Member]    
OPERATING ACTIVITIES    
Net income (loss) (28,119) 65,841
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 29,417 31,760
Impairment charge 45,675 0
Amortization of deferred financing costs 757 747
Gain on sale of assets 0 (43,422)
Equity in earnings of unconsolidated joint ventures (1,527) (1,629)
Equity-based compensation expense 3,789 3,818
Amortization of debt (premiums) and discounts, net 118 109
Amortization (accretion) of market rent rate adjustments, net 362 480
Straight-line rent adjustments (1,872) (1,970)
Distributions of cumulative earnings from unconsolidated joint ventures 1,517 1,455
Changes in other assets and liabilities:    
Other assets 2,552 1,001
Accounts payable and accrued expenses (25,329) (24,976)
Net cash provided by operating activities 27,340 33,214
INVESTING ACTIVITIES    
Additions to rental property (10,551) (9,906)
Additions to investments in unconsolidated joint ventures (261) (779)
Net proceeds from sale of assets 0 128,248
Additions to non-real estate assets (677) (174)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 3,488 8,157
Additions to deferred lease costs (1,220) (1,209)
Other investing activities 2,844 2,936
Net cash provided by (used) in investing activities (6,377) 127,273
FINANCING ACTIVITIES    
Cash dividends paid (34,778) (34,645)
Proceeds from revolving credit facility 634,030 135,200
Repayments of revolving credit facility (34,200) (265,300)
Repayments of notes, mortgages and loans (873) (825)
Employee income taxes paid related to shares withheld upon vesting of equity awards (736) (1,781)
Additions to deferred financing costs (65) (65)
Proceeds from other financing activities 72 18
Payment for other financing activities (549) (500)
Net cash provided by (used) in financing activities 562,901 (167,898)
Effect of foreign currency rate changes on cash and cash equivalents (24) (10)
Net increase (decrease) in cash and cash equivalents 583,840 (7,421)
Cash and cash equivalents, beginning of period 16,519 8,991
Cash and cash equivalents, end of period $ 600,359 $ 1,570