Cousins Properties Incorporated 2006 Annual Report - SNL Financial
Cousins Properties Incorporated 2006 Annual Report - SNL Financial
Cousins Properties Incorporated 2006 Annual Report - SNL Financial
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COUSINS PROPERTIES INCORPORATED AND SUBSIDIARIES<br />
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)<br />
11. CONSOLIDATED STATEMENTS OF CASH FLOWS — SUPPLEMENTAL INFORMATION<br />
Supplemental information related to cash flows, including significant non-cash activity affecting the Statements<br />
of Cash Flows, for the years ended December 31, <strong>2006</strong>, 2005 and 2004 is as follows ($ in thousands):<br />
<strong>2006</strong> 2005 2004<br />
Interest paid, including defeasance costs, net of amounts<br />
capitalized ....................................... $ 25,220 $ 8,295 $ 21,097<br />
Income taxes paid (received), net of refunds ................ 7,386 6,757 (1,487)<br />
Non-cash Transactions:<br />
Transfer from land to projects under development .......... 4,783 20,336 228<br />
Transfer from land to investment in joint venture .......... 12,569 14,198 —<br />
Transfer from land to operating properties ................ 505 — —<br />
Transfer from projects under development to operating<br />
properties ...................................... 100,740 51,539 169,937<br />
Transfer from projects under development to land .......... 3,198 7,005 682<br />
Transfer from operating properties to land ................ 7,250 — —<br />
Transfer from operating properties to held-for-sale property . . . 1,470 — —<br />
Transfers related to venture formation (see Note 5 herein):<br />
Projects under development to investment in joint venture . . 4,129 — —<br />
Operating properties to investment in joint venture ....... 15,826 — —<br />
Accrued capital expenditures excluded from development and<br />
acquisition expenditures ........................... 4,964 19,897 5,192<br />
Transfer from other assets to land . . . ................... 228 — —<br />
Transfer from other assets to projects under development. .... 802 — —<br />
Transfer from other assets to investment in joint ventures, net<br />
oftax......................................... 863 — —<br />
Transfer from investment in joint ventures to other assets .... 9,376 — —<br />
SAB 51 gain, net of tax, recorded in investment in joint<br />
ventures and additional paid-in capital ................. 453 354 —<br />
Receipt of promissory note for expense reimbursement ...... — 514 —<br />
Transfer from common stock and additional paid-in capital to<br />
unearned compensation for restricted stock grants, net of<br />
forfeitures. ..................................... — 1,467 6,071<br />
Transfer from land to residential lots under development ..... — — 1,066<br />
Transfer from investment in joint venture upon consolidation<br />
of 905 Juniper to:<br />
Projects under development. ........................ — (8,940) —<br />
Restricted cash .................................. — (1,098) —<br />
Notes and other receivables. ........................ — (2,077) —<br />
Notes payable ................................... — 2,548 —<br />
Accounts payable and accrued liabilities ............... — 1,619 —<br />
Minority interest ................................. — 875 —<br />
Investment in joint venture ......................... — 7,073 —<br />
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