Brt apartments corp. (BRT)
CashFlow / Yearly
Dec'19Dec'18Sep'18Sep'17Sep'16Sep'15Sep'14Sep'13Sep'12Sep'11Sep'10Sep'09
Cash flows from operating activities:
Net income

1,693

25,625

48,001

35,628

45,158

-1,605

-16,166

2,089

1,550

4,924

-9,337

-48,360

Adjustments to reconcile net income to net cash provided by operating activities:
Recovery of previously provided allowances

-

-

-

-

-

-

10

1,066

156

3,595

-

-

Provision for loan losses

-

-

-

-

-

-

-

-

-

-

3,165

17,110

Recovery of previously provided allowances

-

-

-

-

-

-

-

-

-

-

365

-

Impairment charges

-

-

-

-

-

-

-

-

-

-

3,370

31,046

Depreciation

5,916

4,927

38,504

30,491

23,180

22,957

17,535

8,713

2,753

963

927

1,686

Amortization of deferred financing fees

311

192

-

-

-

-

-

-

-

-

-

-

Amortization of deferred financing costs

-

-

1,432

1,263

2,814

-

393

1,820

2,249

1,777

-

-

Accretion of junior subordinated notes principal

-

-

-

-

-

-

-

-

-

277

-

-

Accretion of junior subordinated notes principal

-

-

-

-

-

-

-

-

-

-

-581

-322

Amortization of securities discount

-

-

-

-

-

-

-

-

-

28

69

28

Amortization of deferred fee income

-

-

-

-

-

-

-

-

-

-

219

897

Amortization of restricted stock

1,492

995

988

1,219

1,005

906

805

691

758

845

833

876

Gain on sale of real estate assets from discontinued operations

-

-

-

-

-

-

-

-

792

1,346

1,937

2,199

Gain on sale of available-for-sale securities

-

-

-

-

-

-

-

530

605

1,319

1,586

-

Equity in earnings of unconsolidated joint ventures

-

-

-

-

-

-

-

198

-

-

-

-

Loss (gain) on sale of available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

1,016

Gain on sale of loan

-

-

-

-

-

-

-

-

3,192

-

-

-

Equity in loss of unconsolidated joint ventures

-8,826

-5,088

-388

-384

0

0

-

-

829

350

196

-2,791

Gain on sale of real estate

10,618

861

-

-

-

-

-

-

-

-

-

-

Gain on sale of partnership interests

-

-

0

0

15,853

0

0

-

-

-

-

-

Gain on sale of real estate assets

10,618

861

64,924

52,601

46,477

15,005

0

769

-

-

-

-

Gain on insurance recovery

-

-

-4,498

0

0

-

-

-

-

-

-

-

Gain on sale of partnership interest

-

-

-

-

-

-

-

5,481

-

-

-

-

Loss on extinguishment of debt

-1,387

0

-850

-1,463

-4,547

0

0

-

-

-2,138

-

6,443

Distributions from equity in earnings of unconsolidated joint ventures

7,442

23,030

-

-

-

-

-

-

-

-

-

-

Distributions from equity earnings of unconsolidated joint ventures

-

-

-

-

-

-

-

175

578

210

-

-

Effect of deconsolidation of non-controlling interest

-

-

0

0

1,692

0

0

-

-

-

-

-

Increases and decreases from changes in other assets and liabilities:
Gain on sale of joint venture interest

-

-

-

-

-

-

-

-

-

-

-

271

Distribution of earnings of unconsolidated joint ventures

-

-

-

-

-

-

-

-

-

-

193

185

Increase in straight-line rent

-

-

-

-

-

-

569

264

-33

54

330

-

Decrease (increase) in straight line rent

-

-

-

-

-

-

-

-

-

-

-

16

Decrease in interest receivable

-

-

-

-

-

-17

-273

-183

-174

410

-398

-754

Decrease in deferred costs

-

-

-

-

-

-

-

519

308

142

821

987

Decrease (increase) in deposits and escrows

-1,975

-5,176

-

-

-

-

6,199

3,995

3,436

-153

270

-60

Increase in prepaid expenses

-

-

-

-

-

-

548

440

266

-240

-115

1,876

Increase in prepaid interest

-

-

-

-

-

-

1,016

-2,463

3,979

-211

-

-

Increase in deposits and escrows

-

-

6,941

-8,867

-6,190

-602

-5,963

-

-

-

-

-

Increase in accounts payable and accrued liabilities

3,766

1,002

4,757

698

4,897

1,739

7,416

1,460

2,835

375

-960

-1,431

Decrease (increase) in other assets

3,610

303

-6,149

-3,413

1,309

0

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-74

353

-127

27

-280

Net cash provided by operating activities

8,648

27,002

38,588

13,091

10,080

8,407

-4,835

766

-7,484

1,442

-5,714

-7,427

Cash flows from investing activities:
Collections from real estate loans

600

600

600

14,000

0

2,000

34,045

76,872

124,758

66,072

22,475

20,207

Additions to real estate loans

-

-

-

-

-

-

5,533

70,288

98,607

131,255

17,384

12,704

Proceeds from the sale of loans and loan participations

-

-

-

-

-

-

-

-

15,657

46,147

16,815

-

Loan loss recoveries

-

-

-

-

-

-

10

1,066

156

1,039

227

-

Loan loss recoveries

-

-

-

-

-

-

-

-

-

-

-

-2,417

Additions to real estate properties

-

-

187,940

228,354

302,628

84,295

205,220

185,453

118,382

2,421

4,120

4,721

Net costs capitalized to real estate owned

1,580

530

16,769

9,298

46,844

59,407

43,130

33,860

14,500

3,605

-

-

Purchase of partner interests

1,316

7,923

-

-

-

-

-

-

-

-

-

-

Purchase of interest from non-controlling partner

-

-

-

-

-

-

-

-

-

713

-

-

Proceeds from maturity of held-to-maturity security

-

-

-

-

-

-

-

-

-

-

1,000

-

Distributions of capital from unconsolidated joint ventures

-

-

-

-

-

-

-

-

-

-

1,701

4,111

Investment in joint venture

-

-

-

-

-

-

-

-

-

-

-

781

Net change in restricted cash

-

-

-

-

-

-

-

-

55,252

-

-

-

Investment in limited partnership

-

-

12,370

0

0

-

-

-

-

-

-

-

Net change in restricted cash - Multi Family

-

-

-

-

-

-

-

-

55,252

-

-

-

Net costs capitalized to real estate owned

-

-

-

-

-

-

-

-

-

-

-

-15,718

Collection of loan fees

-

-

-

-

-

-

180

1,520

2,186

2,465

-

-

Purchase of non-controlling interest

0

251

5,172

0

0

4,679

0

0

-

-

-

-

Proceeds from the sale of real estate owned

33,588

861

-

-

-

-

-

-

-

-

-

-

Consolidation of investment in limited partnership

-

-

-1,279

0

0

-

-

-

-

-

-

-

Net proceeds from the sale of real estate properties

-

-

169,115

167,013

197,264

66,398

75

887

859

4,035

-

-

Purchase of available-for-sale securities

-

-

-

-

-

-

-

-

1,634

55

4,194

4,520

Distributions from unconsolidated joint ventures

20,713

52,363

948

424

0

0

-

-

4,481

1,010

-

-

Acquisition of real estate through assumption of debt

-

-

13,608

27,638

16,051

45,129

28,615

0

-

-

-

-

Assets removed due to casualty loss

-

-

742

3,571

0

0

-

-

-

-

-

-

Decrease in accounts payable and accrued liabilities

3,766

1,002

-

-

-

-

-

-

-

-

-

-

Contributions to unconsolidated joint ventures

-

59,930

0

21,894

0

0

-

-

275

4,045

-

-

Net cash (used in) provided by investing activities

22,936

-14,810

-50,844

-76,877

-135,783

-67,388

-219,324

-179,444

-136,614

-13,736

36,294

18,018

Cash flows from financing activities:
Repayment of junior subordinated notes

-

-

-

-

-

-

-

-

-

5,000

-

8,316

Proceeds from mortgages payable

-

-

116,972

155,172

267,788

98,907

170,767

147,957

162,508

2,130

3,202

5,131

Increase in other borrowed funds

-

-

0

0

6,001

0

0

-

-

-

-

-

Mortgage payoffs

20,635

0

84,726

96,322

130,090

37,504

0

4,025

7,641

270

105

86

Mortgage principal payments

2,912

2,351

-

-

-

-

-

-

-

-

-

-

Proceeds from credit facility

15,200

0

-

-

-

-

-

3,000

3,500

-

-

6,000

Repayment of credit facility

15,200

0

-

-

-

-

-

3,000

3,500

-

-

9,000

Mortgage principal payments

-

-

-5,130

-5,163

-5,081

-3,252

-1,577

-

-

-

-

-

Increase in deferred financing costs

84

0

1,320

2,574

2,491

3,758

2,641

2,052

11,300

926

-

-

Dividends paid

13,468

12,088

0

0

11,463

-

-

-

-

-

-

-

Loss on extinguishment of debt

-

-

-

-

-

-

0

-

-

-

-

-

Cash distribution - common shares

-

-

-

-

-

-

-

-

-

-

1,334

15,564

Expenses associated with stock issuance

-

-

-

-

-

-

-

-

-

-

60

-

Contributions from non-controlling interests

-

-

32,553

31,606

33,613

11,973

22,062

17,192

11,243

3,181

1,846

3,117

Distributions to non-controlling interests

1,257

107

40,023

33,756

32,825

12,588

3,318

1,370

1,460

68

229

-

Proceeds from sale of New Markets Tax Credits

-

-

0

0

2,746

0

5,142

0

25,848

-

-

-

Proceeds from the sale of common stock

7,517

20,412

20,411

0

0

-

-

-

-

-

-

-

Repurchase of shares of common stock

46

162

41

193

2,115

2,422

0

0

880

1,225

290

943

Net cash provided by (used in) financing activities

-30,885

5,704

27,233

48,770

137,546

51,356

190,435

157,702

178,318

-2,178

2,209

-20,648

Net increase in cash, cash equivalents and restricted cash

699

17,896

-

-

-

-

-

-

-

-

-

-

Net (decrease) increase in cash and cash equivalents

-

-

14,977

-15,016

11,843

-7,625

-33,724

-20,976

34,220

-14,472

32,789

-10,057

Supplemental disclosures of cash flow information:
Cash paid during the year for interest expense

7,511

6,185

33,063

27,135

27,680

24,324

19,700

10,753

6,764

1,791

2,120

5,841

Cash paid during the period for interest

-

-

-

-

-

-

-

-

-

-

17

-

Cash paid during the year for income and excise taxes

324

255

241

1,884

1,264

131

255

133

220

8

-

145

Collection of loan fees

-

-

-

-

-

-

-

-

-

-

419

557

Proceeds from sale of real estate owned

-

-

-

-

-

-

-

-

-

-

15,930

25,152

Proceeds from sale of available-for-sale securities

-

-

-

-

-

-

-

1,318

3,939

7,590

3,425

2,668

Decrease in investment in joint venture

-

-

0

0

19,242

0

0

5,522

-

-

-

1,350

Common stock dividend - portion paid in the Trust's common shares

-

-

-

-

-

-

-

-

-

-

11,916

-

Reclassification of loans to real estate and real estate held for sale upon foreclosure

-

-

-

-

-

-

-

-

-

-

-

43,329

Junior subordinated notes redeemed to cancel statutory trust common securities

-

-

-

-

-

-

-

-

-

-

-

1,702

Seller financing provided for sale of real estate

-

-

-

-

-

-

-

-

-

-

-

17,777

Reclassification of real estate properties to/from real estate held for sale

-

-

-

-

-

-

-

-

-

-

-

6,801

Assumption of mortgages of consolidated joint venture

-

-

-

-

-

-

-

-

-

-

-

2,100

Reclassification of real estate loans to real estate loans held for sale

-

-

-

-

-

-

-

-

-

-

-

16,915