ACADIA REALTY TRUST AKR Cash Flow

Acadia realty trust (AKR)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss) income
-41,771	21,204	-132	-11,569	-8,602	-15,698	15,917	31,799	40,177	64,308	73,600	60,641	80,688	134,592	108,227	126,005	185,308	149,970	152,190	245,158	171,568	152,146	156,762	54,830	52,576	44,640	99,217	96,730	98,292	89,936	35,027	33,021	46,886	53,715	0	0	0
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization
128,487	125,443	123,601	120,107	119,306	117,549	114,444	112,420	108,974	104,934	100,512	89,077	77,698	70,011	62,473	64,717	63,942	60,751	58,612	54,035	51,716	49,645	47,072	44,638	44,030	43,071	41,170	41,085	40,256	38,769	38,249	36,282	34,584	33,683	0	0	0
Distributions of operating income from unconsolidated affiliates
11,117	11,273	11,304	10,724	12,886	15,556	14,735	15,465	18,981	15,556	16,066	14,583	7,473	7,256	5,461	5,230	7,484	12,291	13,546	14,064	12,906	9,579	12,965	12,925	11,183	9,829	4,290	628	4,813	3,733	4,389	10,268	5,643	5,515	0	0	0
Equity in earnings and gains of unconsolidated affiliates
7,906	8,922	9,352	8,429	9,889	9,302	9,406	13,031	12,352	23,371	56,901	52,798	50,198	39,449	28,728	31,025	32,691	37,330	116,390	117,118	115,142	111,578	12,490	13,776	13,161	12,382	3,795	-2,952	824	-1,482	527	6,175	1,647	1,555	0	0	0
Non-cash accretion of notes receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Gain on debt extinguishment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Stock compensation expense
11,322	10,957	11,977	12,277	12,593	12,948	10,358	10,266	10,729	11,155	13,095	16,547	13,911	13,695	11,498	7,842	9,568	7,438	6,871	6,657	6,546	6,744	8,619	8,714	8,343	7,667	4,884	4,178	3,791	3,350	3,348	3,336	3,799	3,682	0	0	0
Amortization of financing costs
7,597	7,577	7,427	7,168	6,376	6,008	6,339	6,224	6,191	5,985	5,175	4,516	3,748	3,204	2,985	3,183	3,394	3,537	3,366	3,081	3,083	3,003	2,495	3,038	3,036	3,082	3,975	3,579	3,620	3,569	3,416	3,603	3,657	3,918	0	0	0
Impairment charge
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on disposition of properties
-	30,324	0	0	0	-	-	-	-	-	-	-	-	81,965	81,965	82,044	127,313	89,063	89,725	89,836	29,116	14,360	28,309	28,119	31,189	18,802	0	0	0	-	-	-	-	46,830	0	0	0
Credit loss reserves
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
5,675	11,627	13,241	14,297	16,938	11,768	8,517	7,446	9,602	10,621	10,953	11,908	8,972	8,095	6,957	7,650	7,168	6,483	6,809	4,720	4,510	3,812	3,279	3,805	3,943	4,771	3,656	2,850	1,556	-278	1,696	1,134	1,261	62	0	0	0
Changes in assets and liabilities:
Other liabilities
-4,242	-4,466	151	-3,018	-2,368	6,161	-2,790	-2,785	-3,900	-4,285	24,842	34,856	36,457	26,532	2,285	-6,541	-1,587	5,354	6,007	6,791	846	3,099	-3,735	-2,725	-492	-1,126	2,874	349	-639	709	2,585	3,168	3,162	-903	0	0	0
Prepaid expenses and other assets
-10,695	-8,198	-7,963	-3,298	5,318	7,168	2,635	4,964	3,002	6,498	8,758	10,548	18,294	11,677	853	-216	-5,556	-12,690	-2,323	-1,210	-8,890	-852	2,200	3,656	7,526	22,524	11,236	7,405	10,164	-1,033	8,458	6,509	2,192	4,872	0	0	0
Rents receivable
2,714	455	1,722	5,050	5,402	10,044	12,080	11,689	6,910	11,274	6,635	7,798	7,974	4,847	8,077	4,158	7,915	5,673	6,844	9,664	8,965	8,097	-1,605	-2,294	-1,389	-997	5,433	6,342	7,803	6,757	7,559	7,188	6,317	8,894	0	0	0
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,322	-10,476	-3,323	6,168	295	6,500	6,777	686	3,552	3,706	-351	-218	3,282	1,011	507	-2,035	-8,523	-11,141	-7,246	-7,319	0	0	0
Accounts receivable from related parties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Accounts payable and accrued expenses
3,966	1,632	3,487	3,779	-3,013	-3,026	4,294	-1,434	3,821	8,768	1,366	3,961	1,656	591	-7,965	-750	-1,945	1,284	-487	-785	-4,086	-4,016	3,950	7,475	8,832	5,586	3,210	-7,632	-4,022	-5,648	7,367	14,128	13,205	14,513	0	0	0
Net cash provided by operating activities
135,127	127,177	124,080	109,269	92,922	96,076	94,649	94,790	113,105	114,655	140,544	135,990	116,362	109,848	84,749	102,606	104,956	113,598	106,177	90,268	86,959	82,519	85,296	86,375	83,177	65,233	64,624	50,750	51,363	59,001	62,576	78,577	72,828	65,715	0	0	0
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of real estate
306,727	319,673	299,730	240,530	133,848	147,985	166,902	168,815	211,912	200,429	341,937	554,892	518,045	495,644	338,165	84,166	130,716	338,700	412,146	421,924	386,224	256,453	216,944	218,541	223,941	220,041	244,761	239,879	279,805	241,894	163,001	162,708	165,097	116,408	0	0	0
Development, construction and property improvement costs
82,694	89,270	106,232	108,769	96,607	94,834	89,826	103,776	99,263	108,142	139,529	139,847	138,986	149,434	99,414	114,960	161,284	164,315	194,429	177,052	143,107	140,118	132,383	131,627	126,447	106,883	112,519	90,649	86,647	88,787	75,813	79,692	71,946	65,090	0	0	0
Issuance of or advances on notes receivable
0	-	-	-	-	3,002	3,153	3,302	13,401	10,600	19,598	30,849	129,702	157,352	148,353	137,103	75,750	48,500	56,000	60,007	31,719	31,169	0	0	0	-	-	-	-	108,629	61,009	65,009	47,589	34,343	0	0	0
Proceeds from the disposition of properties, net
-	88,738	0	0	0	-	-	-	-	-	-	-	-	150,378	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	62,940	0	0	0
Investments in and advances to unconsolidated affiliates and other
103,823	151,281	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Return of capital from unconsolidated affiliates and other
109,388	105,999	0	0	0	-	-	-	-	-	-	0	22,886	-	52,940	41,840	44,181	11,892	53,341	55,705	53,826	74,371	51,100	46,547	130,908	108,899	97,202	97,288	21,523	22,296	14,266	13,049	5,070	4,504	0	0	0
Consolidation of previously unconsolidated investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-
Proceeds from notes receivable
-	-	-	-	-	26,000	46,000	46,000	58,000	32,000	12,000	30,319	22,319	42,819	42,819	40,484	36,484	15,984	15,984	6,105	10,939	18,095	31,899	36,044	31,210	29,583	39,162	28,913	30,914	25,388	10,342	10,591	55,648	56,519	0	0	0
Investments in and advances to unconsolidated affiliates
-	-	-	-	-	-	-	-	5,208	-	8,500	13,326	67,238	72,098	81,740	80,697	29,051	24,168	108,024	135,377	138,555	156,972	61,493	33,040	77,737	56,171	195,739	208,661	159,200	160,888	27,793	16,867	16,053	54,981	0	0	0
Return of deposits for properties under contract
-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Return (payment) of deposits for properties under contract
0	-	-	-	0	-	-	-	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of deferred leasing costs
8,265	7,051	8,999	8,292	6,521	6,106	2,802	2,953	4,303	5,202	7,445	8,494	8,701	7,515	7,727	6,848	6,249	8,207	7,191	6,964	6,350	3,914	3,045	2,742	2,766	4,617	8,104	7,783	8,460	7,275	5,404	6,335	6,433	6,298	0	0	0
Deposits for properties under contract
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,776	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from disposition of properties of unconsolidated affiliates
-	-	-	-	-	-	-	-	-	-	-	-	49,666	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of properties, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-394,529	-397,057	-419,925	-347,597	-203,353	-136,619	80,368	84,658	17,087	4,063	-390,451	-629,929	-725,629	-613,564	-475,730	-233,124	-46,640	-354,503	-464,053	-307,542	-383,322	-268,516	13,345	-155,892	-109,286	-87,879	-106,868	-70,236	-148,316	-136,745	-244,560	-275,762	-191,437	-153,157	0	0	0
CASH FLOWS FROM FINANCING ACTIVITIES
Principal payments on mortgage and other notes
161,685	168,211	179,541	155,946	44,494	81,726	244,433	322,490	346,129	306,119	232,785	151,145	300,599	394,864	348,770	345,692	217,534	148,423	218,207	122,222	167,741	176,323	347,804	432,802	429,093	437,257	499,385	613,525	592,718	549,095	284,385	209,606	156,491	161,389	0	0	0
Principal payments on unsecured debt
402,460	521,600	405,895	313,900	335,940	632,300	712,519	665,718	603,534	277,134	168,215	201,006	534,390	541,790	576,790	596,500	336,315	234,815	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds received on mortgage and other notes
225,302	326,268	248,397	198,880	241,555	187,173	158,424	177,568	110,573	156,344	271,886	298,228	313,170	222,071	74,812	29,444	50,059	90,234	223,562	177,764	195,723	284,303	358,100	428,383	449,143	572,443	580,482	687,947	683,565	433,815	250,433	173,364	101,060	144,959	0	0	0
Proceeds from unsecured debt
567,705	526,400	514,575	493,800	281,940	648,800	671,225	722,525	787,425	359,625	317,601	177,601	552,100	666,716	780,540	840,340	424,441	417,425	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of finance lease obligations
2,749	2,749	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other employee and trustee stock compensation, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	0	0	0
Repurchase of Common Shares
0	-	-	-	-	55,111	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Loan proceeds held as restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,823	18,352	23,473	48,676	61,992	71,002	89,336	79,191	85,111	81,740	56,859	-109,795	-134,392	-153,022	-151,596	0	0	0	0	-	-	-	-
Proceeds from the sale of Common Shares, net
-	145,498	0	0	0	-	-	-	-	-	-	0	418,104	-	393,563	183,503	76,655	63,234	270,643	290,040	352,545	357,459	118,672	93,316	52,367	80,688	202,702	238,631	267,288	223,477	141,199	105,376	52,688	44,659	0	0	0
Capital contributions from noncontrolling interests
136,705	161,628	0	0	0	-	-	-	-	85,206	111,218	158,204	269,029	295,108	205,006	162,764	81,782	35,489	57,548	57,058	49,308	57,970	57,126	64,803	58,036	49,324	77,434	79,714	133,650	172,228	196,608	182,380	156,523	117,945	0	0	0
Distributions to noncontrolling interests
101,285	101,370	41,754	20,988	34,156	31,568	56,860	50,494	36,190	39,942	44,195	43,014	55,162	105,994	79,647	91,394	106,887	84,610	87,409	229,248	222,471	221,330	271,899	126,625	119,454	88,975	128,874	135,093	161,166	161,765	70,590	53,234	12,048	8,605	0	0	0
Dividends paid to Common Shareholders
96,311	93,902	91,659	90,018	89,122	88,887	88,626	88,371	87,853	99,527	97,430	94,373	90,497	91,334	88,239	86,063	84,686	86,353	83,599	80,666	77,191	53,210	51,043	49,102	47,496	44,115	40,943	37,497	33,894	32,143	30,931	29,993	29,443	29,033	0	0	0
Deferred financing and other costs
3,808	6,920	5,073	5,181	4,731	4,219	4,540	5,329	7,332	6,211	11,377	12,721	12,904	11,678	6,509	4,654	3,619	4,376	4,707	4,385	3,983	3,672	2,843	2,545	2,664	11,741	11,106	14,415	16,200	6,772	6,726	5,195	2,935	2,877	0	0	0
Common Shares issued under Employee Share Purchase Plan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Net cash provided by financing activities
256,726	265,042	334,819	253,409	98,862	-10,278	-220,712	-216,115	-150,059	-127,758	231,109	440,555	558,851	488,365	367,409	109,720	-93,011	96,101	299,558	235,128	343,126	324,388	-55,930	56,292	17,070	10,022	45,368	53,045	129,114	79,745	169,254	114,789	60,944	56,662	0	0	0
Increase in cash and restricted cash
-2,676	-4,838	38,974	15,081	-11,569	-50,821	-45,695	-36,667	-19,867	-9,040	-18,798	-53,384	-50,416	-15,351	-23,572	-20,798	-34,695	-144,804	-58,318	17,854	46,763	138,391	42,711	-13,225	-9,039	-12,624	3,124	33,559	32,161	2,001	-12,730	-82,396	-57,665	-30,780	0	0	0
Supplemental disclosure of cash flow information
Cash paid during the period for interest, net of capitalized interest of $2,938 and $2,575 respectively
50,844	53,586	70,167	67,998	66,820	61,832	55,567	55,818	52,223	49,942	53,789	46,376	43,471	42,279	41,930	44,471	43,053	47,960	45,753	45,791	47,713	46,542	46,720	48,361	47,858	41,543	37,557	33,286	30,485	32,327	34,642	31,146	31,328	32,120	0	0	0
Cash paid for income taxes, net of refunds
836	730	0	0	0	-	-	-	1,328	875	1,542	3,441	2,512	2,036	762	-802	880	2,038	455	-515	-1,151	-1,772	336	480	570	301	281	570	883	941	996	583	503	3,776	0	0	0
Supplemental disclosure of non-cash investing and financing activities
Assumption of accounts payable and accrued expenses through acquisition of real estate
4,623	4,666	5,280	3,968	2,331	2,597	1,026	671	1,936	2,173	3,939	5,514	4,249	3,587	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Right-of-use assets, finance leases obtained in exchange for finance lease liabilities
-	16,349	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Right-of-use assets, finance leases obtained in exchange for assets under capital lease
-	76,965	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Right-of-use assets, operating leases obtained in exchange for operating lease liabilities
-	57,165	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital lease obligation exchanged for finance lease liability
-	71,111	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities exchanged for operating lease liabilities
-	946	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of undivided interest in a property through conversion of notes receivable
-	-	-	-	-	22,201	66,891	66,891	82,896	60,695	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of real estate through conversion of note receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,500	18,500	28,500	32,500	14,000	0	0	0	-	-	-	-
Acquisition of real estate through issuance of OP Units
-	-	-	-	-	-	-	-	-	-	-	-	-	29,336	29,336	29,336	29,336	0	0	0	0	-	-	-	-	-	-	-	-	2,279	2,279	2,279	2,279	0	0	0	0
Acquisition of capital lease obligation
-	-	-	-	-	-	-	-	-	-	-	-	-	76,461	76,461	76,461	76,461	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Disposition of real estate through forgiveness of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22,865	22,865	22,865	22,865	0	0	0	0	-	-	-	-	-	-	-	-
Real estate, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	118,484	118,484	118,484	118,484	0	0	0	0	-	-	-	-
Investments in and advances to unconsolidated affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,298	10,298	10,298	10,298	0	0	0	0	-	-	-	-
Mortgage notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	166,200	166,200	166,200	166,200	0	0	0	0	-	-	-	-
Other assets and liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,605	-1,605	-1,605	-1,605	0	0	0	0	-	-	-	-
Noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33,949	33,949	33,949	-33,949	0	0	0	0	-	-	-	-
Cash included in consolidation of previously unconsolidated investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-