Alexanders inc (ALX)
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'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
CASH FLOWS FROM OPERATING ACTIVITIES
Net income

4,572

14,434

16,493

11,283

17,865

9,971

15,003

17,570

-9,700

17,883

20,299

20,660

21,667

21,655

21,036

21,767

22,019

23,572

18,172

17,341

17,822

18,161

17,692

16,828

15,244

15,790

13,824

13,139

14,162

616,983

19,348

19,238

19,424

20,771

22,268

20,195

17,812

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization, including amortization of debt issuance costs

9,202

9,114

9,123

9,160

9,118

9,176

9,583

10,144

9,596

11,632

9,715

8,765

8,569

8,708

8,685

10,007

8,974

8,946

8,664

8,017

8,044

8,081

7,962

7,978

7,898

7,860

7,875

7,839

7,821

7,875

9,518

9,465

9,505

9,472

9,360

9,305

8,949

Straight-lining of rental income

-1,935

-463

-637

-668

-645

-335

-3,551

-593

-1,445

-1,074

-1,074

-1,079

-1,070

-753

-684

-954

44

142

333

392

551

633

623

641

641

685

812

1,261

949

651

1,160

1,195

1,469

2,648

2,879

3,339

3,743

Change in fair value of marketable securities

-11,395

-2,500

-1,017

-5,278

38

-6,429

-824

433

-5,170

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liability related to discontinued operations (see Note 7)

-

-

-

-

-

-

-

-

23,797

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in operating assets and liabilities:
Tenant and other receivables, net

-1,225

468

897

-471

1,123

444

609

115

214

-1,310

1,227

227

-507

123

414

-790

-705

1,242

-438

-215

1,212

-174

104

-449

-193

624

0

-76

424

-1,317

1,434

-1,028

677

-179

-58

-1,845

410

Other assets

12,707

-13,596

-10,011

15,394

-13,340

12,819

-20,407

22,343

-13,558

-11,582

-11,982

39,322

-13,131

-13,194

-11,024

39,660

-5,548

-9,192

-9,800

34,934

-11,165

-10,011

-7,824

31,716

-9,547

-9,564

-7,736

27,049

-9,277

-20,021

-9,232

35,416

-10,481

-9,741

-7,417

31,707

-9,065

Amounts due to Vornado

-597

-3,192

1,302

1,969

710

168

-11

-286

-1,778

1,960

-15

34

-353

38

-344

711

-2,318

2,330

-18

-55

-29

-43,651

1,690

-3

-815

-725

-851

-740

-822

-859

-686

-205

-655

-1,968

-8

-1,041

572

Accounts payable and accrued expenses

10,166

-10,175

11,621

-10,963

7,717

-5,925

-5,453

4,648

-5,030

5,782

-5,416

2,806

-2,961

4,703

8,495

-7,648

10,499

-8,705

10,529

-10,863

9,861

-9,059

10,134

-11,336

8,888

-11,558

10,373

-9,587

4,488

-8,141

8,611

-7,586

7,009

-10,955

10,117

-12,029

8,320

Income tax liability of taxable REIT subsidiary

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

46

45

-11

Other liabilities

-156

-155

-152

-151

-151

-6

-10,107

10,285

-39

-7

-7

-7

-7

-6

-7

-8

-7

-8

-8

-8

-7

-6

-8

-2

-3

-2

-8

-31

-1

114

1

-1

0

79

-8

-8

-7

Net cash provided by operating activities

25,035

26,117

49,155

2,715

48,083

6,885

33,188

-3,340

36,805

51,216

36,405

-5,818

41,623

48,922

49,159

-12,637

45,376

33,943

47,244

-20,079

45,093

-16,922

44,147

-18,049

40,311

19,620

37,931

-17,220

33,552

37,031

43,430

-14,372

43,618

24,591

43,810

-16,434

40,547

CASH FLOWS FROM INVESTING ACTIVITIES
Construction in progress and real estate additions

6,961

2,883

1,665

3,085

1,816

1,452

725

1,161

628

279

950

577

1,628

2,065

2,295

2,293

8,853

8,202

12,563

14,448

14,908

22,007

26,595

11,918

1,444

1,740

2,712

1,952

1,267

849

1,374

2,419

2,709

4,189

2,187

1,862

6,177

Proceeds from maturing short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

5,000

0

0

0

23,000

Repayment of Rego Park II loan participation

-

-

-

-

-

529

781

766

753

738

725

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

284

-129

13

-148

-837

53

-4,510

-426

1,506

-512

-919

1,210

-439

1,823

-968

737

-118

-937

3,520

Net cash used in investing activities

-6,961

-2,883

-1,665

-3,085

-1,816

-923

56

-395

125

459

-200,225

-577

-1,628

-2,065

-2,295

-2,293

-8,853

-8,034

-12,847

10,679

-14,921

-46,857

-25,758

-11,971

3,066

-1,314

-4,218

-1,440

-348

711,995

-935

-4,242

3,259

-4,926

-7,069

-925

13,303

CASH FLOWS FROM FINANCING ACTIVITIES
Dividends paid

23,034

23,034

23,034

23,028

23,028

23,028

23,028

23,022

23,022

21,743

21,744

21,737

21,737

20,459

20,458

20,453

20,452

17,896

17,895

17,890

17,890

16,611

16,612

16,606

16,607

14,052

14,051

14,047

14,047

642,333

19,155

19,152

19,151

15,321

15,320

15,318

15,318

Debt issuance costs

79

0

1

14

0

-

-

-

-

214

10

11,953

9

14

0

0

16

4

4,061

1

9

10

-18

40

4,223

2

0

3

82

0

0

5

395

1,873

-166

4,423

12

Debt repayments

-

-

-

-

-

682

1,008

157,481

971

953

935

300,918

901

885

868

851

836

821

320,805

791

776

761

748

733

314,937

4,087

3,982

3,925

3,963

253,860

3,756

3,702

3,698

348,442

2,947

153,281

3,809

Proceeds from borrowing

145,708

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

300,000

0

0

0

0

-

-

-

-

-

-

-

-

Net cash used in financing activities

122,595

-23,034

-23,035

-23,042

-23,028

-25,714

-24,080

-102,398

-23,993

-22,910

-22,689

165,392

-22,647

-21,358

-21,326

-21,304

-21,304

-18,721

7,239

-18,682

-18,675

-17,382

-17,342

-17,379

-35,767

-18,141

-18,033

-17,975

-18,092

-903,993

-22,911

-22,859

-23,244

-22,636

-18,101

76,378

-19,139

Net increase (decrease) in cash and cash equivalents and restricted cash

140,669

200

24,455

-23,412

23,239

-19,752

9,164

-106,133

12,937

28,765

-186,509

158,997

17,348

25,499

25,538

-36,234

15,219

7,188

41,636

-28,082

11,497

-81,161

1,047

-47,399

7,610

165

15,680

-36,635

15,112

-154,967

19,584

-41,473

23,633

-2,971

18,640

59,019

34,711

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash payments for interest

7,805

7,771

8,791

9,142

8,965

10,503

9,946

9,426

8,356

7,636

7,600

6,372

5,386

5,048

4,973

4,820

4,676

4,289

5,547

6,298

6,220

6,594

6,824

6,947

10,291

10,426

10,588

10,635

10,472

11,874

12,091

11,709

12,258

12,815

12,012

15,491

13,025

NON-CASH TRANSACTIONS
Liability for real estate additions, including $146 and $24 for development fees due to Vornado in 2020 and 2019, respectively

3,209

2,958

-558

-38

829

595

-173

-819

1,028

581

9

-77

192

-731

-348

-530

1,931

-3,120

-2,403

1,945

13,717

-767

5,446

7,100

1,750

-374

-826

1,681

603

-817

-311

-457

1,806

-737

1,398

-1,203

3,594

Write-off of fully amortized and/or depreciated assets

367

0

0

0

0

2,299

49

2,519

11,223

0

0

4,265

0

0

100

1,579

12

11,186

9,517

0

83

57

0

0

10,569

0

0

0

0

0

24

0

624

289

0

5,007

1,503

Lease liability arising from the recognition of right-of-use asset

0

0

0

0

5,428

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reclassification of prepaid real estate taxes to construction in progress for property in redevelopment

0

0

0

0

1,466

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in unrealized net gain on available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,419

3,292

-777

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-