American finance trust, inc. (AFIN)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13
Cash flows from operating activities:
Net loss

-5,543

-1,329

152

8,540

-3,200

-13,546

-27,291

-12,065

15,431

-19,427

-15,397

-1,023

-10,730

-35,595

-8,729

-4,077

-5,854

-12,966

-11,428

-1,624

4,901

-5,800

1,610

1,127

-9,569

-3,538

-17,015

-215

-29

Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation

20,953

20,476

19,283

19,469

19,168

18,960

21,573

21,735

22,214

22,456

22,329

22,066

18,324

16,236

16,872

16,908

16,815

16,736

16,737

16,736

16,737

-39,419

16,736

16,482

13,058

11,427

635

15

0

Amortization of in-place lease assets

12,996

10,908

10,227

11,060

12,600

13,355

13,499

13,487

14,098

18,328

18,685

18,336

13,128

8,406

8,550

8,613

8,678

8,650

8,650

8,650

8,650

-14,743

8,651

8,439

4,830

2,731

135

4

0

Amortization of deferred leasing costs

386

418

391

395

318

323

260

216

187

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization (including accelerated write-off) of deferred financing costs

1,581

1,626

1,612

3,049

1,311

1,395

1,409

1,482

1,362

959

1,171

1,059

3,504

5,243

1,141

1,167

1,100

1,166

8,889

1,306

1,302

-2,522

1,308

1,218

754

273

18

0

0

Amortization of mortgage discounts (premiums) on borrowings, net

-560

-1,344

-839

-839

-794

-1,097

-857

-1,001

-835

-979

-1,063

-928

-1,126

-990

-980

-1,265

-976

-1,584

-1,890

-1,875

-1,859

4,192

-1,893

-1,827

-484

0

0

0

0

Discount accretion and premium amortization on investments, net

-

-

-

-

-

-

-

-

-

9

3

7

6

12

13

8

7

78

18

0

0

-

-

-

-

-

-

-

-

Amortization (accretion) of market lease and other intangibles, net

-992

-1,307

-2,493

-1,728

-1,844

-6,074

-5,766

-2,320

-1,358

-2,088

-1,519

-1,113

-453

-29

-28

119

415

417

416

417

416

-841

420

443

150

-

-

-

-

Equity-based compensation

3,211

3,211

3,217

3,268

3,021

2,935

2,240

65

26

-

-

19

30

-

32

10

10

11

26

7

7

78

4

6

5

34

61

42

0

Mark-to-market adjustments

-

-

-

-

-

0

0

48

24

25

25

7

73

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of real estate investments

1,400

4,529

1,933

14,365

2,873

2,186

1,328

3,625

24,637

1,005

264

8,609

5,222

0

0

454

0

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of real estate investments

0

0

0

1,632

800

11,000

1,200

8,578

322

10,866

7,605

2,649

3,929

27,182

117

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Payments of prepayment costs on mortgages

80

2,256

258

1,564

413

803

465

1,159

1,797

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of other real estate securities, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

192

0

546

-

-

-

-

-

-

-

-

Changes in assets and liabilities:
Straight-line rent receivable

2,348

2,930

2,798

1,675

2,118

2,142

2,612

2,589

2,253

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Straight-line rent payable

83

83

82

109

922

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Gain) Loss on sale of investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-166

-

0

0

0

Prepaid expenses and other assets

2,438

-237

3,717

601

-873

363

5,047

-4,820

3,496

-10,487

9,760

58

-1,906

-4,586

2,294

3,475

869

1,318

2,440

1,880

2,240

6,330

527

5,521

-8,134

12,538

1,869

50

0

Accounts payable and accrued expenses

-182

-846

973

2,729

-4,314

-7,784

6,177

2,830

471

-2,483

68

1,926

-7,291

-2,928

4,172

8

1,921

-1,011

1,073

-665

1,780

1,491

2,724

-1,666

2,595

2,693

2,379

92

29

Deferred rent and other liabilities

-1,707

440

2,188

-1,392

-3,911

5,652

-2,726

-120

840

-1,060

-657

-436

-7,202

2,266

-1,301

84

-648

2,576

-67

1,163

-1,341

-3,519

312

3,332

1,068

-1,063

2,279

0

0

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

24,080

27,380

26,603

31,192

20,395

21,276

16,977

32,639

24,145

27,686

22,186

33,874

8,718

17,615

17,539

17,630

20,585

19,660

19,756

22,235

27,807

-67,927

29,031

21,924

20,707

-123

-13,382

-112

0

Cash flows from investing activities:
Proceeds from sale of commercial mortgage loans

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

56,884

-

0

0

0

-

-

-

-

-

-

-

-

Capital expenditures

3,309

4,458

3,378

5,269

547

2,643

4,897

745

2,141

4,573

2,897

1,314

133

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Payments to Acquire Productive Assets

63,429

-

-

-

114,312

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments to Acquire Real Estate

-

-

-

-

-

-

-

27,699

44,165

42,229

28,219

70,175

8,714

0

0

0

34,244

0

0

0

0

45,888

0

121,264

416,866

241,429

883,403

2,243

0

Proceeds from sale of real estate investments

2,314

9,041

3,200

19,450

3,122

29,278

15,513

-162

21,826

6,787

954

38,086

144,974

-331

50

15,471

0

-

-

-

-

-

-

-

-

-

-

-

-

Deposits

1,055

-

-

-

-1,877

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deposits

-

-

-

-

-

2,387

-4,641

4,526

200

-245

558

-285

537

0

0

0

0

-

-

-

-

-

-

-

15,087

-76,970

107,834

2,171

0

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of other real estate securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

10,013

0

9,253

-

13,277

20,258

9,571

31,966

19,194

0

0

Payments to Acquire Businesses, Gross

-

-

-

-

-

-

-

-

-

2

-2

0

94,504

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash acquired in merger transaction

-

-

-

-

-

-

-

-

-

0

0

0

26,163

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-65,479

-58,896

-181,215

-54,855

-109,860

-24,894

-109,775

-28,866

-24,680

-22,572

-30,718

-33,118

67,249

-331

50

15,471

22,640

28,624

-99,595

0

9,253

-93,486

13,277

-85,919

-422,382

-132,493

-1,088,625

-4,414

0

Cash flows from financing activities:
Proceeds from mortgage notes payable

0

45,000

0

241,930

0

0

0

0

29,887

243,400

23,950

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on mortgage notes payable

756

36,971

908

30,626

639

611

592

45,386

608

18,477

649

2,323

392

262

252

249

251

195,715

238

235

243

-371

368

311

76

0

0

0

0

Proceeds from credit facility

170,000

35,000

90,000

0

108,000

64,000

128,400

132,300

0

-

-

-

-

-

-

-

-

-

-

-

-

-423,000

0

85,000

338,000

0

0

0

0

Payments on credit facility

20,000

19,553

30,000

175,000

0

0

0

70,000

25,000

180,000

0

0

114,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Payments of financing costs

175

913

29

9,836

0

0

1,515

4,350

1,166

3,372

676

0

900

2,197

3,512

0

0

-

-

-

-

-3,538

0

2,133

8,466

4,945

3,235

0

0

Payments of prepayment costs on mortgages

80

2,256

258

1,564

413

803

465

1,159

1,797

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Refunds of deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

88

-

-

0

0

-

-

-

-

-

-

-

-

Common stock repurchases

0

0

0

0

274

294

435

3,210

16,592

-3

8,671

145

20,245

0

0

253

16,000

20,076

0

6,540

5,109

-282

253

337

0

-

-

-

-

Distributions on LTIP Units and Class A Units

171

-

-24

209

131

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid on common stock

29,831

-

-

29,207

29,248

-

-

22,961

21,906

21,649

23,016

25,828

17,166

26,996

19,343

14,399

26,767

27,246

22,710

12,358

11,837

-21,203

11,308

11,219

10,884

10,303

4,374

173

0

Dividends paid on preferred stock

3,300

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of offering costs and fees related to stock issuances, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

90,071

10

7

24

9,886

118,703

44,493

639

Common stock offering costs

-73

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

853,408

0

0

127

95,951

1,045,790

395,223

200

Proceeds from issuance of preferred stock, net

19,882

21,351

107,374

11,275

28,956

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Advances from affiliate, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

439

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

-1

-1

-

-37,947

0

0

-

167

164

-331

-

-

0

0

Net cash provided by financing activities

135,496

34,853

141,598

6,763

106,251

32,924

94,579

-14,766

-37,182

35,868

19,975

11,704

-152,703

-29,452

-23,196

-14,902

-42,931

-81,818

156,027

-21,133

-17,189

364,712

-11,772

71,157

318,346

70,736

919,028

350,561

0

Net change in cash, cash equivalents and restricted cash

94,097

3,337

-13,014

-16,900

16,786

29,306

1,781

-10,993

-37,717

40,982

11,443

12,460

-76,736

-12,168

-5,607

18,199

294

-33,534

76,188

1,102

19,871

203,299

30,536

7,162

-83,329

-61,880

-182,979

346,035

0

Supplemental Disclosures:
Cash paid for interest, net of amounts capitalized

17,955

17,938

18,687

18,296

17,905

17,259

16,140

14,917

15,523

15,483

29,430

0

12,104

12,239

13,044

12,628

11,229

15,190

10,369

8,951

8,186

-14,564

8,628

8,603

421

178

0

0

0

Cash paid for income taxes

218

72

-1

-54

200

175

785

-74

214

91

560

0

176

1

68

400

270

67

23

779

8

3

47

338

23

1

0

0

0

Non-Cash Investing and Financing Activities:
Accrued Preferred Stock offering costs

210

-

285

1

359

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred dividend declared

3,619

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from real estate sales used to pay off related mortgage notes payable

1,277

-

-

-

11,606

-

-

-

-

0

0

0

127,651

0

0

0

0

-

-

-

-

-438,006

0

39,917

422,321

8,830

0

0

0

Accrued common stock repurchases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,388

-

-

-

-

-

-

-

-

Non-Cash Investing and Financing Activities:
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable

-

-

-

-

-

-

-

-

-

0

0

0

921,930

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Credit facility assumed or used to acquire investments in real estate

-

-

-

-

-

-

-

-

-

0

0

0

304,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage notes payable released in connection with disposition of real estate

1,277

6,304

3,148

73,882

11,606

15,492

12,149

22,953

39,444

13,063

5,858

82,669

1,451

926

552

13,389

0

-

-

-

-

-

-

-

-

-

-

-

-

Increase in accounts payable related to investments in real estate

26,518

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Premiums on assumed mortgage notes payable

-

-

-

-

-

-

-

-

-

0

0

0

4,143

0

0

0

0

-

-

-

-

-

0

3,302

24,560

334

0

0

0

Investments in real estate

26,518

0

0

0

0

0

0

11,475

11,773

12,329

14,188

17,449

11,887

0

7,894

12,605

0

0

4,904

15,076

14,826

-30,834

15,531

15,308

14,819

14,154

6,049

226

0

Accrued capital expenditures

908

-837

-1,770

198

2,764

-1,851

-1,260

29

3,423

-79

-938

1,038

912

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-