American finance trust, inc. (AFIN)
CashFlow / TTM
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

1,820

4,163

-8,054

-35,497

-56,102

-37,471

-43,352

-31,458

-20,416

-46,577

-62,745

-56,077

-59,131

-54,255

-31,626

-34,325

-31,872

-21,117

-13,951

-913

1,838

-12,632

-10,370

-28,995

-30,337

-20,797

0

0

0

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

80,181

78,396

76,880

79,170

81,436

84,482

87,978

88,734

89,065

85,175

78,955

73,498

68,340

66,831

67,331

67,196

67,024

66,946

10,791

10,790

10,536

6,857

57,703

41,602

25,135

12,077

0

0

0

Amortization of in-place lease assets

45,191

44,795

47,242

50,514

52,941

54,439

59,412

64,598

69,447

68,477

58,555

48,420

38,697

34,247

34,491

34,591

34,628

34,600

11,207

11,208

10,997

7,177

24,651

16,135

7,700

2,870

0

0

0

Amortization of deferred leasing costs

1,590

1,522

1,427

1,296

1,117

986

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

7,868

7,598

7,367

7,164

5,597

5,648

5,212

4,974

4,551

6,693

10,977

10,947

11,055

8,651

4,574

12,322

12,461

12,663

8,975

1,394

1,306

758

3,553

2,263

1,045

291

0

0

0

Amortization of mortgage discounts (premiums) on borrowings, net

-3,582

-3,816

-3,569

-3,587

-3,749

-3,790

-3,672

-3,878

-3,805

-4,096

-4,107

-4,024

-4,361

-4,211

-4,805

-5,715

-6,325

-7,208

-1,432

-1,435

-1,387

-12

-4,204

-2,311

-484

0

0

0

0

Discount accretion and premium amortization on investments, net

-

-

-

-

-

-

-

-

-

25

28

38

39

40

106

111

103

96

0

0

0

-

-

-

-

-

-

-

-

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

-6,520

-7,372

-12,139

-15,412

-16,004

-15,518

-11,532

-7,285

-6,078

-5,173

-3,114

-1,623

-391

477

923

1,367

1,665

1,666

408

412

438

172

0

0

0

-

-

-

-

Equity-based compensation

12,907

12,717

12,441

11,464

8,261

5,266

0

0

0

-

-

0

87

-

63

57

54

51

118

96

95

93

49

106

142

137

0

0

0

Mark-to-market adjustments

-

-

-

-

-

72

97

122

81

130

105

80

73

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of real estate investments

22,227

23,700

21,357

20,752

10,012

31,776

30,595

29,531

34,515

15,100

14,095

13,831

5,676

454

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of real estate investments

1,632

2,432

13,432

14,632

21,578

21,100

20,966

27,371

21,442

25,049

41,365

33,877

31,228

27,299

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Payments of prepayment costs on mortgages

4,158

4,491

3,038

3,245

2,840

4,224

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of other real estate securities, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

738

0

0

0

-

-

-

-

-

-

-

-

Changes in assets and liabilities:
Straight-line rent receivable

9,751

9,521

8,733

8,547

9,461

9,596

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Straight-line rent payable

357

1,196

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Gain) Loss on sale of investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

Prepaid expenses and other assets

6,519

3,208

3,808

5,138

-283

4,086

-6,764

-2,051

2,827

-2,575

3,326

-4,140

-723

2,052

7,956

8,102

6,507

7,878

12,890

10,977

14,618

4,244

10,452

11,794

6,323

14,457

0

0

0

Accounts payable and accrued expenses

2,674

-1,458

-8,396

-3,192

-3,091

1,694

6,995

886

-18

-7,780

-8,225

-4,121

-6,039

3,173

5,090

1,991

1,318

1,177

3,679

5,330

4,329

5,144

6,346

6,001

7,759

5,193

0

0

0

Deferred rent and other liabilities

-471

-2,675

2,537

-2,377

-1,105

3,646

-3,066

-997

-1,313

-9,355

-6,029

-6,673

-6,153

401

711

1,945

3,024

2,331

-3,764

-3,385

-1,216

1,193

3,649

5,616

2,284

1,216

0

0

0

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

109,255

105,570

99,466

89,840

91,287

95,037

101,447

106,656

107,891

92,464

82,393

77,746

61,502

73,369

75,414

77,631

82,236

89,458

1,871

11,146

10,835

3,735

71,539

29,126

7,090

-13,617

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

56,884

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Capital expenditures

16,414

13,652

11,837

13,356

8,832

10,426

12,356

10,356

10,925

8,917

4,344

1,447

133

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Payments to Acquire Productive Assets

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments to Acquire Real Estate

-

-

-

-

-

-

-

142,312

184,788

149,337

107,108

78,889

8,714

34,244

34,244

34,244

34,244

0

45,888

45,888

167,152

584,018

779,559

1,662,962

1,543,941

1,127,075

0

0

0

Proceeds from sale of real estate investments

34,005

34,813

55,050

67,363

47,751

66,455

43,964

29,405

67,653

190,801

183,683

182,779

160,164

15,190

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Deposits

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deposits

-

-

-

-

-

2,472

-160

5,039

228

565

810

252

537

0

0

0

0

-

-

-

-

-

-

-

48,122

33,035

0

0

0

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of other real estate securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,266

0

0

0

-

75,072

80,989

60,731

51,160

0

0

0

Payments to Acquire Businesses, Gross

-

-

-

-

-

-

-

-

-

94,504

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash acquired in merger transaction

-

-

-

-

-

-

-

-

-

26,163

26,163

26,163

26,163

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-360,445

-404,826

-370,824

-299,384

-273,395

-188,215

-185,893

-106,836

-111,088

-19,159

3,082

33,850

82,439

37,830

66,785

-32,860

-48,331

-61,718

-183,828

-70,956

-156,875

-588,510

-627,517

-1,729,419

-1,647,914

-1,225,532

0

0

0

Cash flows from financing activities:
Proceeds from mortgage notes payable

286,930

286,930

241,930

241,930

0

29,887

273,287

297,237

297,237

267,350

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on mortgage notes payable

69,261

69,144

32,784

32,468

47,228

47,197

65,063

65,120

22,057

21,841

3,626

3,229

1,155

1,014

196,467

196,453

196,439

196,431

345

475

551

384

755

387

76

0

0

0

0

Proceeds from credit facility

295,000

233,000

262,000

300,400

432,700

324,700

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

0

423,000

423,000

338,000

0

0

0

0

Payments on credit facility

244,553

224,553

205,000

175,000

70,000

95,000

275,000

275,000

205,000

294,000

114,000

114,000

114,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Payments of financing costs

10,953

10,778

9,865

11,351

5,865

7,031

10,403

9,564

5,214

4,948

3,773

6,609

6,609

5,709

0

0

0

-

-

-

-

7,061

15,544

18,779

16,646

8,180

0

0

0

Payments of prepayment costs on mortgages

4,158

4,491

3,038

3,245

2,840

4,224

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Refunds of deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

Common stock repurchases

0

274

568

1,003

4,213

20,531

20,234

28,470

25,405

29,058

29,061

20,390

20,498

16,253

36,329

36,329

42,616

31,725

11,367

11,620

5,417

308

0

0

0

-

-

-

-

Distributions on LTIP Units and Class A Units

0

-

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid on common stock

0

-

-

0

0

-

-

89,532

92,399

87,659

93,006

89,333

77,904

87,505

87,755

91,122

89,081

74,151

25,702

14,300

13,161

12,208

43,714

36,780

25,734

14,850

0

0

0

Dividends paid on preferred stock

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

90,112

9,927

128,620

173,106

173,721

0

0

0

Common stock offering costs

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

853,535

96,078

1,141,868

1,537,091

1,537,164

0

0

0

Proceeds from issuance of preferred stock, net

159,882

168,956

147,605

40,231

28,956

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Advances from affiliate, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

-

0

0

Net cash provided by financing activities

318,710

289,465

287,536

240,517

218,988

75,555

78,499

3,895

30,365

-85,156

-150,476

-193,647

-220,253

-110,481

-162,847

16,376

10,145

35,887

482,417

314,618

406,908

742,443

448,467

1,379,267

1,658,671

1,340,325

0

0

0

Net change in cash, cash equivalents and restricted cash

67,520

-9,791

16,178

30,973

36,880

-17,623

-5,947

3,715

27,168

-11,851

-65,001

-82,051

-76,312

718

-20,648

61,147

44,050

63,627

300,460

254,808

260,868

157,668

-107,511

-321,026

17,847

101,176

0

0

0

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

72,876

72,826

72,147

69,600

66,221

63,839

62,063

75,353

60,436

57,017

53,773

37,387

50,015

49,140

52,091

49,416

45,739

42,696

12,942

11,201

10,853

3,088

17,830

9,202

599

178

0

0

0

Cash paid for income taxes

235

217

320

1,106

1,086

1,100

1,016

791

865

827

737

245

645

739

805

760

1,139

877

813

837

396

411

409

362

24

1

0

0

0

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

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred dividend declared

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

0

-

-

-

0

-

-

-

-

127,651

127,651

127,651

127,651

0

0

0

0

-

-

-

-

24,232

471,068

471,068

431,151

8,830

0

0

0

Accrued common stock repurchases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

921,930

921,930

921,930

921,930

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Credit facility assumed or used to acquire investments in real estate

-

-

-

-

-

-

-

-

-

304,000

304,000

304,000

304,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage notes payable released in connection with disposition of real estate

84,611

94,940

104,128

113,129

62,200

90,038

87,609

81,318

141,034

103,041

90,904

85,598

16,318

14,867

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Increase in accounts payable related to investments in real estate

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Premiums on assumed mortgage notes payable

-

-

-

-

-

-

-

-

-

4,143

4,143

4,143

4,143

0

0

0

0

-

-

-

-

-

28,196

28,196

24,894

334

0

0

0

Investments in real estate

26,518

0

0

0

11,475

23,248

35,577

49,765

55,739

55,853

43,524

37,230

32,386

20,499

20,499

17,509

19,980

34,806

3,972

14,599

14,831

14,824

59,812

50,330

35,248

20,429

0

0

0

Accrued capital expenditures

-1,501

355

-659

-149

-318

341

2,113

2,435

3,444

933

1,012

1,950

912

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-