Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Cash Flows

v2.4.1.9
Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Cash flows from operating activities      
Net income $ 111,601us-gaap_ProfitLoss $ 37,346us-gaap_ProfitLoss $ 23,708us-gaap_ProfitLoss
Adjustments to reconcile net income to net cash provided by operating activities:      
Gain on sale of real estate (106,555)us-gaap_GainsLossesOnSalesOfInvestmentRealEstate (22,144)us-gaap_GainsLossesOnSalesOfInvestmentRealEstate (5,124)us-gaap_GainsLossesOnSalesOfInvestmentRealEstate
Depreciation and amortization, including amounts in discontinued operations 96,011us-gaap_DepreciationDepletionAndAmortization 97,901us-gaap_DepreciationDepletionAndAmortization 103,934us-gaap_DepreciationDepletionAndAmortization
Provision for losses on accounts receivable 1,402us-gaap_ProvisionForDoubtfulAccounts 3,772us-gaap_ProvisionForDoubtfulAccounts 3,847us-gaap_ProvisionForDoubtfulAccounts
Real estate impairment, including amounts in discontinued operations 0wre_RealEstateImpairmentIncludingDiscontinuedOperations 0wre_RealEstateImpairmentIncludingDiscontinuedOperations 2,097wre_RealEstateImpairmentIncludingDiscontinuedOperations
Share-based compensation expense 4,995us-gaap_ShareBasedCompensation 6,246us-gaap_ShareBasedCompensation 5,856us-gaap_ShareBasedCompensation
Amortization of debt premiums, discounts and related financing costs 3,588us-gaap_AmortizationOfFinancingCostsAndDiscounts 4,158us-gaap_AmortizationOfFinancingCostsAndDiscounts 3,867us-gaap_AmortizationOfFinancingCostsAndDiscounts
Loss on extinguishment of debt, net 0wre_AdjustmentGainsLossesOnExtinguishmentOfDebt 2,737wre_AdjustmentGainsLossesOnExtinguishmentOfDebt 0wre_AdjustmentGainsLossesOnExtinguishmentOfDebt
Changes in other assets (23,306)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (10,591)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (8,458)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Changes in other liabilities (7,035)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (6,107)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 1,721us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Net cash provided by operating activities 80,701us-gaap_NetCashProvidedByUsedInOperatingActivities 113,318us-gaap_NetCashProvidedByUsedInOperatingActivities 131,448us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities      
Real estate acquisitions, net (194,536)us-gaap_PaymentsToAcquireRealEstate (48,200)us-gaap_PaymentsToAcquireRealEstate (52,142)us-gaap_PaymentsToAcquireRealEstate
Capital improvements to real estate (57,810)us-gaap_PaymentsForCapitalImprovements (55,829)us-gaap_PaymentsForCapitalImprovements (51,180)us-gaap_PaymentsForCapitalImprovements
Development in progress (43,264)us-gaap_PaymentsToDevelopRealEstateAssets (15,826)us-gaap_PaymentsToDevelopRealEstateAssets (6,494)us-gaap_PaymentsToDevelopRealEstateAssets
Net cash received from sale of real estate 190,864us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment 313,765us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment 21,825us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment
Payments for (Proceeds from) Deposits on Real Estate Acquisitions 0us-gaap_PaymentsForProceedsFromDepositsOnRealEstateAcquisitions (3,900)us-gaap_PaymentsForProceedsFromDepositsOnRealEstateAcquisitions (250)us-gaap_PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
Increase (Decrease) in Restricted Cash (1,417)us-gaap_IncreaseDecreaseInRestrictedCash 0us-gaap_IncreaseDecreaseInRestrictedCash 0us-gaap_IncreaseDecreaseInRestrictedCash
Non-real estate capital improvements (1,719)us-gaap_PaymentsToAcquireProductiveAssets (162)us-gaap_PaymentsToAcquireProductiveAssets (555)us-gaap_PaymentsToAcquireProductiveAssets
Net cash (used in) provided by investing activities (107,882)us-gaap_NetCashProvidedByUsedInInvestingActivities 189,848us-gaap_NetCashProvidedByUsedInInvestingActivities (88,796)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities      
Line of credit borrowings (repayments), net 50,000us-gaap_ProceedsFromRepaymentsOfLinesOfCredit 0us-gaap_ProceedsFromRepaymentsOfLinesOfCredit (99,000)us-gaap_ProceedsFromRepaymentsOfLinesOfCredit
Dividends paid (80,277)us-gaap_PaymentsOfDividends (80,104)us-gaap_PaymentsOfDividends (97,734)us-gaap_PaymentsOfDividends
Contributions from noncontrolling interests 9us-gaap_ProceedsFromPaymentsToMinorityShareholders 401us-gaap_ProceedsFromPaymentsToMinorityShareholders 298us-gaap_ProceedsFromPaymentsToMinorityShareholders
Payments to Noncontrolling Interests (3,454)us-gaap_PaymentsToMinorityShareholders 0us-gaap_PaymentsToMinorityShareholders 0us-gaap_PaymentsToMinorityShareholders
Proceeds from dividend reinvestment program 0us-gaap_ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan 0us-gaap_ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan 1,316us-gaap_ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
Borrowing under construction loan 20,393us-gaap_ProceedsFromIssuanceOfSecuredDebt 7,297us-gaap_ProceedsFromIssuanceOfSecuredDebt 0us-gaap_ProceedsFromIssuanceOfSecuredDebt
Principal payments – mortgage notes payable (3,954)us-gaap_RepaymentsOfSecuredDebt (58,679)us-gaap_RepaymentsOfSecuredDebt (85,667)us-gaap_RepaymentsOfSecuredDebt
Net proceeds from debt offering 0us-gaap_ProceedsFromIssuanceOfUnsecuredDebt 0us-gaap_ProceedsFromIssuanceOfUnsecuredDebt 298,314us-gaap_ProceedsFromIssuanceOfUnsecuredDebt
Payment of financing costs (742)us-gaap_PaymentOfFinancingAndStockIssuanceCosts (843)us-gaap_PaymentOfFinancingAndStockIssuanceCosts (4,678)us-gaap_PaymentOfFinancingAndStockIssuanceCosts
Net proceeds from equity offerings 30,690us-gaap_ProceedsFromIssuanceOfCommonStock 0us-gaap_ProceedsFromIssuanceOfCommonStock 0us-gaap_ProceedsFromIssuanceOfCommonStock
Notes payable repayments (100,000)us-gaap_RepaymentsOfUnsecuredDebt (60,000)us-gaap_RepaymentsOfUnsecuredDebt (50,000)us-gaap_RepaymentsOfUnsecuredDebt
Net proceeds from exercise of share options 0us-gaap_ProceedsFromStockOptionsExercised 0us-gaap_ProceedsFromStockOptionsExercised 1,153us-gaap_ProceedsFromStockOptionsExercised
Net cash used in financing activities (87,335)us-gaap_NetCashProvidedByUsedInFinancingActivities (191,928)us-gaap_NetCashProvidedByUsedInFinancingActivities (35,998)us-gaap_NetCashProvidedByUsedInFinancingActivities
Net (decrease) increase in cash and cash equivalents (114,516)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 111,238us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 6,654us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of year 130,343us-gaap_CashAndCashEquivalentsAtCarryingValue 19,105us-gaap_CashAndCashEquivalentsAtCarryingValue 12,451us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of year 15,827us-gaap_CashAndCashEquivalentsAtCarryingValue 130,343us-gaap_CashAndCashEquivalentsAtCarryingValue 19,105us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosure of cash flow information:      
Cash paid for interest, net of capitalized interest expense 58,023us-gaap_InterestPaidNet 62,744us-gaap_InterestPaidNet 58,282us-gaap_InterestPaidNet
Cash paid for income taxes 156us-gaap_IncomeTaxesPaid 54us-gaap_IncomeTaxesPaid 84us-gaap_IncomeTaxesPaid
accured capital improvements and development costs (4,154)wre_Accuredcapitalimprovementsanddevelopmentcosts (328)wre_Accuredcapitalimprovementsanddevelopmentcosts (2,128)wre_Accuredcapitalimprovementsanddevelopmentcosts
Loans Assumed $ 100,861us-gaap_LoansAssumed1 $ 0us-gaap_LoansAssumed1 $ 0us-gaap_LoansAssumed1