the internal revenue code .therefore , cash needed to execute our strategy and invest in new properties , as well as to pay our debt at maturity , must come from one or more of the following sources : 2022 cash not distributed to shareholders , 2022 proceeds of property dispositions , or 2022 proceeds derived from the issuance of new debt or equity securities .it is management 2019s intention that we continually have access to the capital resources necessary to expand and develop our business .as a result , we intend to operate with and maintain a conservative capital structure that will allow us to maintain strong debt service coverage and fixed-charge coverage ratios as part of our commitment to investment-grade debt ratings .we may , from time to time , seek to obtain funds by the following means : 2022 additional equity offerings , 2022 unsecured debt financing and/or mortgage financings , and 2022 other debt and equity alternatives , including formation of joint ventures , in a manner consistent with our intention to operate with a conservative debt structure .cash and cash equivalents were $ 30.5 million and $ 35.0 million at december 31 , 2004 and december 31 , 2003 , respectively .summary of cash flows for the year ended december 31 , 2004 ( in thousands ) .                                               | for the year ended december 31 2004 ( in thousands )
cash provided by operating activities         | $ 161113                                            
cash used in investing activities             | -154273 ( 154273 )                                  
cash used by financing activities             | -11333 ( 11333 )                                    
decrease in cash and cash equivalents         | -4493 ( 4493 )                                      
cash and cash equivalents beginning of period | 34968                                               
cash and cash equivalents end of period       | $ 30475                                              the cash provided by operating activities is primarily attributable to the operation of our properties and the change in working capital related to our operations .we used cash of $ 154.3 million during the twelve months ended december 31 , 2004 in investing activities , including the following : 2022 $ 101.7 million for our acquisition of westgate mall , shaw 2019s plaza and several parcels of land , 2022 capital expenditures of $ 59.2 million for development and redevelopment of properties including santana row , 2022 maintenance capital expenditures of approximately $ 36.9 million , 2022 $ 9.4 million capital contribution to a real estate partnership , and 2022 an additional $ 3.2 million net advance under an existing mortgage note receivable ; offset by 2022 $ 41.8 million in net sale proceeds from the sale of properties , and .
Question: what is the percentage decrease in the balance of cash and cash equivalents during 2004?
Steps: divide(4493, 34968)
Answer: 0.12849
Question: what portion of cash used for investing activities was used for acquisition of westgate mall , shaw 2019s plaza and several parcels of land?

Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
the internal revenue code .therefore , cash needed to execute our strategy and invest in new properties , as well as to pay our debt at maturity , must come from one or more of the following sources : 2022 cash not distributed to shareholders , 2022 proceeds of property dispositions , or 2022 proceeds derived from the issuance of new debt or equity securities .it is management 2019s intention that we continually have access to the capital resources necessary to expand and develop our business .as a result , we intend to operate with and maintain a conservative capital structure that will allow us to maintain strong debt service coverage and fixed-charge coverage ratios as part of our commitment to investment-grade debt ratings .we may , from time to time , seek to obtain funds by the following means : 2022 additional equity offerings , 2022 unsecured debt financing and/or mortgage financings , and 2022 other debt and equity alternatives , including formation of joint ventures , in a manner consistent with our intention to operate with a conservative debt structure .cash and cash equivalents were $ 30.5 million and $ 35.0 million at december 31 , 2004 and december 31 , 2003 , respectively .summary of cash flows for the year ended december 31 , 2004 ( in thousands ) .                                               | for the year ended december 31 2004 ( in thousands )
cash provided by operating activities         | $ 161113                                            
cash used in investing activities             | -154273 ( 154273 )                                  
cash used by financing activities             | -11333 ( 11333 )                                    
decrease in cash and cash equivalents         | -4493 ( 4493 )                                      
cash and cash equivalents beginning of period | 34968                                               
cash and cash equivalents end of period       | $ 30475                                              the cash provided by operating activities is primarily attributable to the operation of our properties and the change in working capital related to our operations .we used cash of $ 154.3 million during the twelve months ended december 31 , 2004 in investing activities , including the following : 2022 $ 101.7 million for our acquisition of westgate mall , shaw 2019s plaza and several parcels of land , 2022 capital expenditures of $ 59.2 million for development and redevelopment of properties including santana row , 2022 maintenance capital expenditures of approximately $ 36.9 million , 2022 $ 9.4 million capital contribution to a real estate partnership , and 2022 an additional $ 3.2 million net advance under an existing mortgage note receivable ; offset by 2022 $ 41.8 million in net sale proceeds from the sale of properties , and .
Question: what is the percentage decrease in the balance of cash and cash equivalents during 2004?
Steps: divide(4493, 34968)
Answer: 0.12849
Question: what portion of cash used for investing activities was used for acquisition of westgate mall , shaw 2019s plaza and several parcels of land?
