Brandywine Realty Trust BDN Cash Flow

Brandywine realty trust (BDN)

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	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities:
Net income
38,033	34,529	139,328	88,986	95,350	135,472	86,961	149,529	144,611	121,177	35,645	24,483	15,462	40,501	-9,829	2,595	6,976	-30,740	30,091	18,665	17,781	6,942	29,813	32,019	37,025	43,189	-4,511	1,490	1,112	6,529	28,625	18,147	5,111	-4,715	-5,104	-18,331	-17,697	-17,606	0	0	0
Net loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization
210,599	210,005	203,107	191,621	184,153	176,000	179,370	177,658	177,722	180,323	179,524	184,051	186,695	189,676	201,410	212,768	216,791	219,029	211,151	205,453	207,110	208,569	205,438	203,429	200,997	198,731	199,283	197,414	197,430	198,579	205,458	210,958	218,842	219,110	221,837	219,930	213,931	214,776	0	0	0
Amortization of deferred financing costs
2,851	2,768	2,652	2,576	2,537	2,498	2,500	2,459	2,428	2,435	2,440	2,508	2,556	2,696	3,243	3,608	4,252	4,557	4,573	5,129	5,038	5,148	5,126	4,718	4,704	4,676	5,920	5,980	6,058	6,208	4,937	5,565	5,374	4,991	4,914	3,895	3,687	3,770	0	0	0
Amortization of debt discount/(premium), net
-381	189	702	702	701	702	1,027	1,202	1,383	1,569	1,432	1,444	1,451	1,471	860	308	-215	-755	-583	-525	-527	-531	913	1,408	1,952	2,480	1,777	1,763	1,761	1,760	1,634	1,783	1,715	1,567	1,269	870	738	831	0	0	0
Amortization of stock compensation costs
5,776	6,876	6,718	6,179	5,900	5,716	5,705	5,825	5,024	4,883	5,019	5,093	5,138	4,310	4,365	4,444	4,605	5,065	4,827	3,953	3,845	4,137	5,110	6,702	7,949	6,998	7,455	7,300	6,298	5,685	4,821	4,652	4,966	5,282	5,559	5,673	5,547	5,102	0	0	0
Straight-line rent income
9,387	11,369	10,468	10,922	11,470	12,283	16,215	21,797	26,198	27,115	27,304	27,756	28,142	28,351	28,138	25,884	23,433	23,668	22,209	20,346	18,793	16,046	15,215	16,069	18,214	20,136	22,111	21,955	35,988	23,566	53,015	42,606	18,119	20,298	-19,451	-17,744	-15,519	-13,705	0	0	0
Shares used for employee taxes upon vesting of share awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,970	1,967	2,005	1,177	3,387	1,267	1,348	1,062	3,663	5,788	4,156	2,493	-208	-210	39	1,012	0	0	0	-	-	-	-
Amortization of acquired above (below) market leases, net
-8,547	-8,857	-8,267	-5,260	-4,356	-3,344	-3,104	-2,881	-2,526	-3,071	-3,719	-4,712	-5,635	-6,529	-7,577	-8,912	-8,902	-7,960	-6,644	-5,312	-5,710	-6,377	-7,004	-7,312	-7,356	-7,170	-6,988	-6,718	-6,436	-6,084	-5,841	-5,670	-5,565	-5,384	-5,436	-5,415	-5,650	-5,960	0	0	0
Ground rent expense
0	-	-	-	0	-	-	-	164	164	88	88	88	88	88	88	88	88	89	89	89	89	289	659	1,057	1,509	1,760	1,842	1,897	1,897	1,897	1,898	1,897	1,924	1,925	1,882	1,778	1,647	0	0	0
Provision for doubtful accounts
-1,132	-1,345	1,148	1,045	1,308	1,775	1,823	1,663	1,967	2,207	2,914	2,688	2,357	1,865	1,786	2,212	2,324	2,489	1,352	1,195	1,246	1,763	2,377	2,742	2,859	2,467	2,612	2,233	1,922	2,198	2,097	2,197	2,338	1,924	1,393	1,451	1,537	2,479	0	0	0
Net gain on real estate venture transactions
-	-	-	-	-	142,233	89,449	103,207	103,207	80,526	28,811	25,525	28,653	20,000	26,947	16,475	13,347	7,418	0	0	-282	-417	-417	-417	3,548	3,683	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net gain on sale of interests in real estate
3,961	2,376	5,005	4,399	6,951	5,972	26,430	27,383	25,669	32,970	20,766	19,897	18,082	126,215	118,636	127,654	129,952	23,515	19,895	14,588	13,917	6,085	32,004	28,209	25,049	29,166	3,045	12,984	25,412	34,774	38,154	28,215	21,883	10,008	11,292	11,289	7,453	11,011	0	0	0
Loss on early extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-66,590	0	0	0	-	-	-	-	-	-	-	-	-2,119	-21,580	-21,620	-21,757	-22,002	-3,745	-3,518	-3,024	-2,776	-989	-1,229	-918	-2,110	0	0	0
Loss on early extinguishment of debt - deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for impairment
-	-	-	-	-	-	-	-	-	3,057	30,505	30,505	35,857	40,517	92,769	92,769	87,872	82,208	2,508	4,273	3,491	1,765	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from Real Estate Ventures, net of distributions
-10,973	-10,242	-15,194	-14,035	-11,821	-12,871	-6,074	-6,835	-4,923	-3,462	-2,379	-8,790	-12,150	-12,125	-9,400	-3,492	-2,594	-2,034	-3,874	-2,593	-2,240	-1,954	-1,016	-575	1,779	2,014	2,864	2,958	2,038	1,517	1,179	147	182	1,175	2,889	4,308	4,364	4,648	0	0	0
Deferred financing obligation
-	-	-	-	-	-	-	-	-	-	-	-	-	-679	-1,012	-1,153	-1,203	-1,237	-1,189	-2,349	-1,706	-1,147	-3,230	-1,280	-1,154	-974	1,881	1,874	1,850	1,803	1,314	825	405	0	0	0	0	-	-	-	-
Income tax provision
-13	12	311	311	314	423	663	-231	-590	-628	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cumulative interest accretion of repayments of unsecured notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,433	0	0	0
Changes in assets and liabilities:
Accounts receivable
-1,943	248	-1,445	-3,089	-631	-3,524	-2,344	6,632	5,995	6,266	6,113	650	-1,210	-2,373	-4,201	-2,701	432	848	-709	-3,069	-2,720	2,869	8,347	12,411	8,486	4,048	1,605	1,264	2,035	-262	1,406	-642	-2,099	856	503	2,271	5,357	4,173	0	0	0
Other assets
-33,908	-9,368	17,592	18,392	40,511	14,334	-282	-358	533	-1,752	-2,515	820	889	-544	-16	-1,252	-966	-837	3,305	6,886	5,925	4,111	-881	-871	-2,284	-5,440	-5,686	-5,015	-3,521	-4,244	6,051	822	3,387	3,851	-8,269	2,625	2,488	2,782	0	0	0
Accounts payable and accrued expenses
4,010	-5,599	11,229	2,395	2,903	12,579	-1,195	3,872	-6,231	4,004	-8,424	-5,055	-5,211	-8,004	-2,573	1,215	-752	4,083	5,477	1,516	-2,307	962	-5,906	-2,089	3,081	-526	-3,236	1,939	-3,236	-8,355	-4,085	686	587	7,732	2,164	-5,391	-1,585	-7,980	0	0	0
Deferred income, gains and rent
12,237	9,319	2,838	-641	-2,426	3,017	-1,783	1,565	4,146	-1,482	-1,023	-2,877	-888	137	970	2,062	438	-521	3,375	-1,439	-2,545	2,436	-1,937	3,034	5,426	3,758	3,779	1,312	-3,037	-2,167	-7,525	-5,043	-3,655	-7,220	-3,420	-5,866	-2,365	-6,412	0	0	0
Other liabilities
-25,214	-9,115	1,300	1,826	23,099	2,902	-988	-537	197	829	2,474	1,224	27	685	882	-2,243	-1,202	-1,894	-3,649	-2,139	-2,892	-2,951	-3,863	-730	-496	-385	1,303	322	-1,164	-1,590	-6,884	-5,737	-5,366	-425	5,317	10,794	8,251	5,014	0	0	0
Net cash provided by operating activities
261,522	234,230	228,062	215,274	206,417	227,349	208,769	197,340	180,720	182,581	172,488	173,192	175,165	173,800	181,855	191,917	190,737	197,154	200,959	187,375	184,170	188,999	170,256	177,492	183,661	183,484	183,193	179,722	165,151	159,110	143,399	164,526	167,933	177,247	191,498	170,467	198,725	185,127	0	0	0
Cash flows from investing activities:
Acquisition of properties
11,432	0	156,385	156,385	171,679	196,625	78,015	112,763	97,469	72,523	0	0	0	-	-	-	-	-	-	-	-	18,443	153,251	153,251	175,576	161,604	89,087	89,087	68,329	77,555	9,226	27,868	27,868	40,674	0	0	0	-	-	-	-
Investments in available-for-sale securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	105,250	0	0	0	-	-	-	-	-	-	-	-
Held-to-maturity securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Proceeds from the sale of properties
54,233	41,795	348,865	312,842	314,442	324,090	73,810	86,548	112,622	171,860	140,221	138,019	153,579	784,331	853,916	915,355	925,361	247,228	189,473	158,974	142,283	118,855	359,174	317,698	313,967	423,480	145,931	195,892	191,380	170,918	321,235	271,274	248,357	155,956	38,376	45,283	39,644	50,089	0	0	0
Proceeds from real estate venture sales
9,471	9,730	18,068	17,652	17,652	60,346	129,347	161,139	161,139	145,416	59,493	43,440	43,440	21,022	26,651	10,912	10,912	6,100	0	0	0	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Loan provided to an unconsolidated real estate venture
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,122	0	0	0	-	-	-	-
Distribution of sales proceeds from real estate ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
Proceeds from repayment of mortgage notes receivable
3,326	3,341	3,392	3,441	-355	192	292	243	713	151	0	0	0	-	-	-	-	88,000	89,901	92,226	93,826	7,026	5,125	2,800	1,200	200	-366	-367	23,564	23,364	0	0	0	-	-	-	-	-	-	-	-
Capital expenditures for tenant improvements
65,987	67,258	75,505	71,238	63,673	65,264	58,826	71,197	65,747	60,586	58,309	44,920	48,857	51,398	79,747	84,097	97,285	97,851	101,474	112,735	109,370	131,077	130,574	120,564	121,364	109,357	86,940	85,223	90,468	86,986	0	0	0	-	-	-	-	-	-	-	-
Capital expenditures for redevelopments
53,042	53,846	50,824	56,495	56,579	48,231	44,040	32,350	31,603	34,679	23,008	16,077	11,215	11,909	20,294	34,856	48,582	48,367	47,975	36,316	24,198	19,245	11,172	6,362	4,869	6,265	8,130	13,530	13,874	11,964	0	0	0	-	-	-	-	-	-	-	-
Capital expenditures for developments
77,973	77,192	83,809	92,200	98,362	99,104	83,652	76,191	65,146	66,915	96,913	122,088	157,935	191,184	205,378	202,178	196,465	179,927	160,931	150,966	122,624	86,608	48,148	24,688	7,259	5,490	5,561	234	244	162	-97,557	-67,768	-31,292	0	133,616	159,273	160,103	180,943	0	0	0
Reimbursement from real estate venture for pre-formation development costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,976	-1,976	-1,976	-1,976	0	0	0	0	-	-	-	-	-	-	-	-
Advances for the purchase of tenant assets, net of repayments
-1,165	1,035	507	-36	1,521	-410	391	-847	663	-18	-89	-1,748	147	784	-293	303	-806	-308	38	3,559	772	540	-81	-582	-342	127	137	706	199	-270	-2,904	-2,034	-2,061	-1,365	0	0	0	-	-	-	-
Investment in unconsolidated Real Estate Ventures
71	253	515	829	829	908	2,041	1,917	1,989	6,638	6,679	18,292	19,106	28,610	32,855	34,710	71,935	68,549	92,636	92,142	56,318	46,098	19,257	23,596	26,838	33,069	45,733	59,305	59,881	65,354	52,781	23,894	17,789	5,277	0	0	0	-	-	-	-
Deposits for real estate
8,344	4,181	4,674	719	4,920	8,234	5,582	4,677	-143	-573	-605	30	-1,797	746	1,173	-1,129	-2,842	878	451	2,935	5,995	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital distributions from Real Estate Ventures
34,055	35,906	36,631	37,892	6,426	6,526	10,976	10,826	14,426	20,781	15,406	15,173	19,935	13,065	13,721	13,081	7,430	8,557	9,827	10,212	9,502	9,767	11,176	9,380	8,967	7,496	5,991	6,831	5,847	5,109	9,663	8,976	9,439	10,316	4,184	4,467	3,308	2,205	0	0	0
Leasing costs paid
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease in cash due to the deconsolidation of variable interest entities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,382	0	0	0
Payments for Leasing Costs, Commissions, and Tenant Improvements
-	-	-	-	-	18,407	15,768	15,749	16,648	17,657	15,752	15,709	15,496	16,083	15,852	20,591	19,608	21,263	26,194	21,947	27,699	24,917	22,711	30,946	26,736	31,397	34,836	30,616	32,107	31,243	32,112	38,677	41,017	38,461	35,243	26,633	23,648	23,503	0	0	0
Net cash used in investing activities
-131,884	-130,659	-111,057	-150,779	-249,678	-214,506	-118,320	-99,671	9,778	79,801	-19,611	-42,523	-57,790	500,910	563,005	589,203	417,789	-166,452	-367,428	-364,767	-184,109	-270,785	-6,579	-25,845	-34,208	104,708	-101,190	-15,687	23,641	-74,864	159,178	61,078	4,142	-46,163	-175,375	-168,905	-182,834	-171,936	0	0	0
Escrowed cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6,505	-5,396	-4,639	-516	-211	-638	-1,515	-283	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Cash flows from financing activities:
Repayments of mortgage notes payable
7,669	7,595	122,877	122,805	122,734	122,180	6,222	5,625	5,033	4,931	4,885	4,839	91,194	357,151	568,185	570,544	486,462	222,836	14,045	13,840	13,638	13,441	12,911	12,378	11,852	11,268	67,655	68,022	68,337	68,513	12,106	105,680	220,884	221,856	264,392	169,703	53,576	51,966	0	0	0
Proceeds from unsecured term loan borrowing
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	600,000	600,000	600,000	600,000	0	0	0	0	-	-	-	-
Repayments of unsecured term loan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	190,485	183,000	183,000	183,000	145,500	0	0	0	-	0	0	0
Proceeds from credit facility borrowings
216,500	348,500	788,500	716,000	653,500	455,500	0	0	0	-	-	-	-	195,000	284,000	284,000	284,000	89,000	0	0	0	-	-	-	-	186,000	255,000	255,000	255,000	90,500	320,000	546,002	624,002	706,002	628,502	515,500	546,500	565,000	0	0	0
Repayments of credit facility borrowings
327,000	441,000	642,000	552,500	493,000	363,000	0	0	0	-	-	-	-	195,000	284,000	284,000	284,000	89,000	0	0	0	-	-	-	-	255,000	255,000	255,000	255,000	297,000	486,000	588,002	821,002	613,502	484,502	633,500	509,500	474,000	0	0	0
Repayments of unsecured notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	338,097	247,856	248,821	109,598	105,381	0	0	0	-	-	-	-
Net settlement of hedge transactions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	74	74	74	613	0	0	0	-	-	-	-
Debt financing costs paid
-	-	-	-	-	-	-	-	-	-	-	-	-	495	2,450	2,738	5,274	5,202	3,304	6,611	3,670	3,705	3,979	384	390	355	1,672	1,703	1,702	10,128	8,512	9,018	12,119	4,249	4,302	4,265	1,154	595	0	0	0
Proceeds from the exercise of stock options
3,018	3,771	800	800	800	0	0	0	0	-	-	-	-	1,286	1,286	826	826	127	1,561	1,561	2,270	2,143	850	1,328	1,709	2,381	2,468	2,462	1,648	976	0	0	0	-	-	-	-	-	-	-	-
Deferred financing obligation interest expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	931	933	935	935	701	468	234	0	0	0	0	-	-	-	-
Proceeds from Issuance of Common Stock
-	-	-	-	-	416	51,641	51,641	51,641	51,225	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,930	12,843	37,915	56,967	70,867	0	0	0
Shares used for employee taxes upon vesting of share awards
1,046	1,554	1,554	1,554	1,782	1,494	1,494	1,494	1,487	674	674	674	719	879	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Partner contributions to consolidated real estate venture
4	27	26	30	24	16	15	63	71	85	120	87	119	108	73	54	1,043	1,025	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Partner distributions from consolidated real estate venture
-	-	-	-	-	94	56	102	102	48	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase and retirement of common shares
53,857	17,282	39,123	39,123	39,123	21,841	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions paid to shareholders
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions paid to shareholders
-	-	-	-	-	128,859	124,775	120,681	118,669	116,311	118,162	119,676	117,513	115,702	113,775	112,909	113,640	114,328	114,905	111,492	108,093	104,731	101,387	101,332	99,344	97,367	96,568	95,716	95,764	96,030	93,963	91,949	90,886	89,559	89,419	88,910	88,183	87,345	0	0	0
Distributions to noncontrolling interest
747	747	826	905	986	1,065	1,035	1,006	976	947	948	947	941	934	926	921	921	921	950	984	1,017	1,064	1,071	1,070	1,083	1,083	1,095	1,230	1,351	1,473	2,262	2,268	2,289	2,309	1,664	1,680	1,682	1,684	0	0	0
Net cash provided by (used in) financing activities
-91,067	-35,612	-157,669	-141,682	-143,584	-193,074	-45,816	-59,632	-256,512	-253,558	-345,384	-325,136	-273,230	-536,786	-576,433	-639,505	-494,092	-231,510	-454,842	66,538	72,731	76,081	322,749	-132,759	38,964	-26,534	-138,102	-138,142	-425,154	-83,107	-66,667	-36,282	111,912	-147,239	-114,458	-1,126	-23,232	1,807	0	0	0
Decrease in cash and cash equivalents and restricted cash
38,571	67,959	-40,664	-77,187	-186,845	-180,231	44,633	38,037	-66,014	8,824	-192,507	-194,467	-155,855	137,924	168,427	141,615	114,434	-200,808	-621,311	-110,854	72,792	-5,705	486,426	18,888	188,417	261,658	-56,099	25,893	-236,362	1,139	235,910	189,322	283,987	-16,155	-98,335	436	-7,341	14,998	0	0	0
Supplemental disclosure:
Cash paid for interest, net of capitalized interest during the three months ended March 31, 2020 and 2019 of $1,201 and $728, respectively
65,218	66,508	80,425	79,848	78,404	76,858	77,775	76,147	84,576	83,139	92,049	91,128	95,455	97,843	108,279	114,273	120,529	124,953	117,684	125,530	128,027	129,160	134,382	117,739	126,560	118,714	130,733	136,187	138,842	137,823	140,737	137,592	131,374	135,210	127,473	122,154	135,839	135,206	0	0	0
Cash paid for income taxes
1,386	1,385	1,169	1,343	398	405	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental disclosure of non-cash activity:
Change in real estate investments due to the deconsolidation of variable interest entities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-37,126	0	0	0
Change in mortgage notes payable due to the deconsolidation of variable interest entities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-42,887	0	0	0
Dividends and distributions declared but not paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in investment in real estate ventures as a result of dispositions
-	-	-	-	-	14,169	-51,521	-94,654	-69,556	-64,792	-30,584	8,503	-13,442	-2,023	-2,023	2,023	-1,130	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in operating real estate related to a non-cash acquisition of an operating property
-	-	-	-	-	20,653	20,653	20,653	20,653	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in intangible assets, net related to non-cash acquisition of an operating property
-	-	-	-	-	3,144	-3,144	-3,144	-3,144	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in acquired lease intangibles, net related to non-cash acquisition of an operating property
-	-	-	-	-	182	182	182	182	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in investment in real estate ventures related to non-cash disposition of property
-	-	-	-	-	-	-	-	-	-	-	-	-	-	38	38	-50,292	-25,127	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in investments in joint venture related to non-cash acquisition of property
-	-	-	-	-	-	-	-2,042	-2,042	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in investments in joint venture related to contribution of land
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6,058	-21,280	-21,280	-21,280	-15,222	0	0	0	-	-	-	-	-	-	-	-
Change in mortgage notes payable related to acquisition of an operating property
-	-	-	-	-	9,940	9,940	9,940	9,940	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in capital expenditures financed through accounts payable at period end
6,793	10,618	-15,787	-21,499	-6,592	-8,784	9,040	7,639	4,208	6,593	11,779	9,354	5,260	8,222	-10,194	-8,326	-2,979	-7,654	449	2,555	-1,332	7,336	17,328	11,115	21,632	11,703	-9,539	-7,567	-6,152	-7,059	3,052	6,534	435	3,896	15,045	6,962	6,868	5,126	0	0	0
Change in capital expenditures financed through retention payable at period end
-3,580	946	-2,796	211	8,207	2,912	2,428	-1,317	-434	159	-1,556	373	-104	848	1,718	1,698	4,657	6,104	9,558	10,391	7,826	6,164	2,539	636	1,031	-204	454	-162	-1,100	-566	66	657	899	6,213	6,567	5,942	4,697	2,066	0	0	0
Change in unfunded tenant allowance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	955	485	918	990	969	489	189	1,637	1,089	2,686	3,375	291	1,717	3,368	1,904	403	0	0	0	0
BRANDYWINE OPERATING PARTNERSHIP, L.P.
Net income
38,033	34,529	139,328	88,986	95,350	135,472	0	149,529	144,611	121,177	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
210,599	210,005	203,107	191,621	184,153	176,000	0	177,658	177,722	180,323	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred financing costs
2,851	2,768	2,652	2,576	2,537	2,498	0	2,459	2,428	2,435	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt discount/(premium), net
-381	189	702	702	701	702	0	1,202	1,383	1,569	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of stock compensation costs
5,776	6,876	6,718	6,179	5,900	5,716	0	5,825	5,024	4,883	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Straight-line rent income
9,387	11,369	10,468	10,922	11,470	12,283	0	21,797	26,198	27,115	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of acquired above (below) market leases, net
-8,547	-8,857	-8,267	-5,260	-4,356	-3,344	0	-2,881	-2,526	-3,071	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Ground rent expense
1,466	1,470	1,246	1,023	779	431	0	265	164	164	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for doubtful accounts
-1,132	-1,345	1,148	1,045	1,308	1,775	0	1,663	1,967	2,207	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain on real estate venture transactions
-	-	-	-	-	142,233	0	103,207	103,207	80,526	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain on sale of interests in real estate
3,961	2,376	5,005	4,399	6,951	5,972	0	27,383	25,669	32,970	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for impairment
-	-	-	-	-	-	-	-	-	3,057	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from Real Estate Ventures, net of distributions
-10,973	-10,242	-15,194	-14,035	-11,821	-12,871	0	-6,835	-4,923	-3,462	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax provision
-13	12	311	311	314	423	663	-231	-590	-628	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts receivable
-1,943	248	-1,445	-3,089	-631	-3,524	0	6,632	5,995	6,266	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
-33,908	-9,368	17,592	18,392	40,511	14,334	0	-358	533	-1,752	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable and accrued expenses
4,010	-5,599	11,229	2,395	2,903	12,579	0	3,872	-6,231	4,004	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income, gains and rent
12,237	9,319	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
-25,214	-9,115	1,300	1,826	23,099	2,902	0	-537	197	829	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income, gains and rent
-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
261,522	234,230	228,062	215,274	206,417	227,349	0	197,340	180,720	182,581	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of properties
11,432	0	156,385	156,385	171,679	196,625	0	112,763	97,469	72,523	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the sale of properties
54,233	41,795	348,865	312,842	314,442	324,090	0	86,548	112,622	171,860	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from real estate venture sales
9,471	9,730	18,068	17,652	17,652	60,346	0	161,139	161,139	145,416	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from repayment of mortgage notes receivable
3,326	3,341	3,392	3,441	-355	192	0	243	713	151	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital expenditures for tenant improvements
65,987	67,258	75,505	71,238	63,673	65,264	0	71,197	65,747	60,586	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital expenditures for redevelopments
53,042	53,846	50,824	56,495	56,579	48,231	0	32,350	31,603	34,679	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital expenditures for developments
77,973	77,192	83,809	92,200	98,362	99,104	0	76,191	65,146	66,915	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advances for the purchase of tenant assets, net of repayments
-1,165	1,035	507	-36	1,521	-410	391	-847	663	-18	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in unconsolidated Real Estate Ventures
71	253	515	829	829	908	0	1,917	1,989	6,638	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deposits for real estate
8,344	4,181	4,674	719	4,920	8,234	0	4,677	-143	-573	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital distributions from Real Estate Ventures
34,055	35,906	36,631	37,892	6,426	6,526	0	10,826	14,426	20,781	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Leasing costs paid
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments for Leasing Costs, Commissions, and Tenant Improvements
-	-	-	-	-	18,407	0	15,749	16,648	17,657	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-131,884	-130,659	-111,057	-150,779	-249,678	-214,506	0	-99,671	9,778	79,801	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of mortgage notes payable
7,669	7,595	122,877	122,805	122,734	122,180	0	5,625	5,033	4,931	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from credit facility borrowings
216,500	348,500	788,500	716,000	653,500	455,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of credit facility borrowings
327,000	441,000	642,000	552,500	493,000	363,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the exercise of stock options
3,018	3,771	800	800	800	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Issuance of Common Stock
-	-	-	-	-	416	0	51,641	51,641	51,225	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shares used for employee taxes upon vesting of share awards
1,046	1,554	1,554	1,554	1,782	1,494	0	1,494	1,487	674	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Partner contributions to consolidated real estate venture
4	27	26	30	24	16	0	63	71	85	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Partner distributions from consolidated real estate venture
-	-	-	-	-	94	0	102	102	48	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase and retirement of common shares
53,857	17,282	39,123	39,123	39,123	21,841	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions paid to shareholders
135,425	134,887	133,632	132,017	130,756	129,924	125,810	121,687	119,645	117,258	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
-91,067	-35,612	-157,669	-141,682	-143,584	-193,074	0	-59,632	-256,512	-253,558	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease in cash and cash equivalents and restricted cash
38,571	67,959	-40,664	-77,187	-186,845	-180,231	0	38,037	-66,014	8,824	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for interest, net of capitalized interest during the three months ended March 31, 2020 and 2019 of $1,201 and $728, respectively
65,218	66,508	80,425	79,848	78,404	76,858	0	76,147	84,576	83,139	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for income taxes
1,386	1,385	1,169	1,343	398	405	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in investment in real estate ventures as a result of dispositions
-	-	-	-	-	14,169	-51,521	-94,654	-69,556	-64,792	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in operating real estate related to a non-cash acquisition of an operating property
-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in intangible assets, net related to non-cash acquisition of an operating property
-	-	-	-	-	3,144	-3,144	-3,144	-3,144	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in acquired lease intangibles, net related to non-cash acquisition of an operating property
-	-	-	-	-	182	0	182	182	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in investments in joint venture related to non-cash acquisition of property
-	-	-	-	-	16,832	-2,042	-2,042	-2,042	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in mortgage notes payable related to acquisition of an operating property
-	-	-	-	-	9,940	0	9,940	9,940	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in capital expenditures financed through accounts payable at period end
6,793	10,618	-15,787	-21,499	-6,592	-8,784	0	7,639	4,208	6,593	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in capital expenditures financed through retention payable at period end
-3,580	946	-2,796	211	8,207	2,912	0	-1,317	-434	159	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-