Brixmor Property Group Inc. BRX Cash Flow

Brixmor property group inc. (BRX)

CashFlow / Quarterly

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
Operating activities:
Net income
59,781	-	80,854	68,960	62,900	-	147,346	80,362	61,022	-	-	-	-	-	-	-	-	-	-	-	-	-	-	31,298	41,740	-	-24,554	-56,845	-25,446
Net income
-	-	-	-	-	-	-	-	-	69,896	83,380	75,438	71,655	93,318	57,805	65,470	61,549	56,414	54,819	55,167	31,136	25,949	33,864	31,298	41,740	-	-	-	-
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
83,017	82,606	82,837	81,593	85,395	85,345	85,183	91,334	90,383	89,988	94,239	96,870	93,931	92,668	98,337	95,818	100,479	102,511	102,439	104,441	108,544	107,721	111,151	109,665	113,699	111,900	110,973	111,769	115,637
(Accretion) amortization of debt premium and discount, net
-79	-87	105	480	468	232	-926	-926	-952	-952	-1,223	-1,464	-1,684	-1,806	-2,858	-3,706	-4,066	-4,093	-4,113	-4,811	-5,048	-4,889	-4,977	-5,080	-5,467	-4,354	-4,241	-6,645	-5,733
Deferred financing cost amortization
1,763	1,764	1,748	1,764	1,787	1,692	1,596	1,631	1,682	1,688	1,709	1,774	1,800	1,881	1,939	1,951	1,937	2,066	2,146	2,042	2,048	1,983	2,052	2,134	2,522	2,128	2,568	3,178	2,957
Accretion of above- and below-market leases, net
-4,229	-4,699	-4,479	-4,748	-4,898	-5,922	-5,822	-7,998	-6,824	-6,622	-7,643	-7,573	-7,796	-8,259	-9,355	-9,098	-11,018	-13,390	-9,930	-10,907	-13,530	-10,446	-11,909	-11,601	-11,580	-12,328	-14,392	-12,382	-12,277
Tenant inducement amortization and other
897	-	-	-	827	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of real estate assets
4,598	6,934	8,170	6,186	3,112	9,094	16,372	11,927	15,902	12,721	11,065	10,632	5,686	3,183	1,971	0	0	198	0	0	807	0	0	0	0	1,799	1,284	40,537	3,033
Gain on sale of real estate assets
8,905	8,501	25,621	13,043	7,602	50,125	119,333	28,262	11,448	13,927	25,942	20,173	8,805	25,381	2,450	7,782	0	-	-	-	-	745	0	0	16,624	761	1,501	3,353	0
Equity based compensation
2,652	3,814	3,236	2,970	2,641	1,372	2,738	2,784	2,484	2,639	2,864	2,848	2,126	3,528	3,463	6,160	-1,582	3,972	3,811	2,597	12,951	2,433	1,896	3,006	2,117	32,734	2,056	0	1,605
Other
-	-	-	-	-	-837	-766	-997	-824	-675	-890	-602	-344	-324	-299	-267	-231	-252	-16	-41	-49	111	101	60	53	163	249	506	247
(Gain) loss on extinguishment of debt, net
-5	0	-943	-707	30	-16,914	-19,759	-291	-132	10	1,828	-78	-1,262	105	-1,034	97	0	804	3,707	498	297	-4,000	462	-48	3,831	1,290	-17,306	-2,632	2,150
Changes in operating assets and liabilities:
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7,081	2,018	6,845	-5,913	-4,839	1,887	-8,055	-	-	-	-
Receivables, net
1,407	13,467	5,904	6,812	816	13,728	7,281	3,474	-12,171	10,783	1,747	10,335	3,593	2,476	6,509	38	-10,589	8,673	2,555	-9,382	-3,675	11,860	-449	3,263	-9,327	-4,440	-3,734	11,324	13,905
Deferred charges and prepaid expenses
6,995	564	15,528	7,781	6,829	4,735	20,786	9,745	5,309	11,556	19,785	9,654	12,321	718	17,487	10,304	5,310	16,528	12,387	8,937	2,608	-374	12,920	12,269	4,598	-2,462	10,219	10,541	4,528
Other assets
200	105	116	40	-82	-98	6	-3,603	-40	-178	3,211	268	274	994	-69	-197	-84	-252	42	-15	268	-52	-27	-261	-69	-4,721	2,319	-459	-40
Accounts payable, accrued expenses and other liabilities
35,828	1,921	-21,801	-22,946	40,199	-22,879	-223	-13,379	35,657	3,106	-10,713	-35,269	34,181	8,869	-18,747	-21,233	36,778	9,365	-2,953	-21,166	17,677	13,454	-29,741	-19,812	48,800	12,221	-8,311	-24,423	19,746
Net cash provided by operating activities
95,070	128,739	148,926	154,169	96,838	141,507	119,829	155,903	124,450	130,829	138,925	174,044	108,150	146,294	145,005	160,071	116,115	112,074	140,531	158,456	112,937	106,920	153,650	132,064	86,576	117,347	104,898	76,118	33,627
Investing activities:
Improvements to and investments in real estate assets
86,696	112,884	112,682	91,804	77,725	83,641	64,410	43,835	76,803	62,837	65,137	35,639	39,260	56,560	52,229	47,299	36,340	42,541	49,518	57,464	40,411	68,179	57,705	48,319	40,475	45,834	38,541	30,808	35,278
Acquisitions of real estate assets
2,020	0	0	79,634	0	-	-	-	-	78,697	0	6,979	104,811	40,100	6,733	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of real estate assets
41,411	-	-	-	45,160	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of real estate assets
-	-	-	-	-	280,996	437,555	135,206	104,198	102,077	121,590	72,999	34,091	71,836	10,534	20,534	0	12,441	0	31,877	9,918	4,057	0	0	2,778	14,128	13,505	20,458	10,903
Distributions from unconsolidated joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	267	0	55	132	138	108	238	109
Change in restricted cash attributable to investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,318	-2,542	1,678	2,838	-3,848	-2,377	-1,096	-3,870	-15,135	5,284	5,613
Change in restricted cash attributable to investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,790	-1,827
Purchase of marketable securities
3,328	1,736	11,843	18,956	5,246	5,173	11,399	12,869	3,655	4,265	11,023	5,473	7,502	11,153	17,811	10,468	6,893	4,958	9,669	5,451	4,200	2,873	646	11,448	8,156	2,075	2,477	7,774	411
Proceeds from sale of marketable securities
4,019	2,784	8,567	32,965	5,977	5,804	11,879	8,701	4,496	4,983	6,925	5,380	8,335	12,025	19,913	4,899	6,810	6,427	5,109	5,406	4,499	3,783	1,329	15,234	4,851	2,929	3,144	9,465	0
Net cash used in investing activities
-46,614	-61,521	28,741	-107,450	-31,834	189,533	372,084	79,750	28,236	-38,739	64,724	30,288	-109,147	-26,798	-46,326	-32,334	-36,423	-30,743	-52,760	-75,368	-31,872	-65,783	-53,174	-42,101	-39,774	-9,451	-40,854	-13,212	-22,850
Financing activities:
Repayment of secured debt obligations
7,000	0	0	0	0	377,409	508,952	4,498	4,858	13,219	101,659	288,736	5,961	48,553	687,371	173,807	4,740	388,303	238,378	336,869	158,568	258,781	12,371	117,078	698,011	223,101	2,415,159	14,468	50,203
Proceeds from debt obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	57,000
Repayment of borrowings under unsecured revolving credit facility
7,500	45,000	204,000	272,000	65,000	120,000	39,000	35,000	0	55,000	40,000	451,000	57,000	35,000	208,000	597,000	0	0	436,000	0	682,475	45,000	20,000	18,000	637,047	914,108	0	0	0
Proceeds from borrowings under unsecured revolving credit facility
646,000	52,000	59,000	126,000	50,000	285,000	180,000	35,000	0	55,000	40,000	241,000	145,000	65,000	300,000	141,000	40,000	396,000	159,000	297,000	163,000	293,000	24,000	112,469	689,874	155,178	2,379,108	0	0
Proceeds from unsecured term loans and notes
-	-	-	-	-	-	-	-	-	0	300,000	497,880	396,036	0	498,680	595,968	0	7,675	492,990	0	695,156	0	0	0	600,000	0	0	0	0
Repayment of borrowings under unsecured term loans
-	-	-	-	-	0	250,000	135,000	50,000	25,000	300,000	100,000	390,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Deferred financing and debt extinguishment costs
404	605	3,287	3,269	133	27,581	28,577	256	184	-43	3,260	4,417	3,508	-41	12,525	5,173	0	7,681	1,254	0	1,899	0	0	42	2,953	6,306	19,795	2	1,426
Distributions to stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,456
Distributions to common stockholders
85,572	83,561	83,562	83,675	84,097	82,525	83,310	83,411	84,165	79,283	79,303	79,310	79,493	74,578	73,786	73,394	73,447	66,883	67,489	67,159	66,750	49,019	49,019	45,939	29,170	-	-	-	-
Distributions to non-controlling interests
-	-	-	-	-	-	-	-	-	0	0	1,289	101	244	882	1,313	1,297	1,473	1,721	1,509	21,611	13,500	12,158	15,239	27,714	16,556	3,373	3,365	3,398
Repurchases of common shares
25,007	0	0	2,977	11,586	22,765	48,670	3,500	29,765	5,872	0	0	0	-	-	-	-	0	-329	0	329	-	-	-	-	-	-	-	-
Repurchases of common shares in conjunction with equity award plans
3,405	10	0	164	1,547	14	9	133	1,722	0	53	198	2,463	98	123	1,918	1,165	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
517,112	-77,176	-159,442	-36,869	-112,363	-345,294	-528,518	-226,798	-170,694	-123,331	-184,275	-186,070	2,510	-93,432	-184,007	-115,637	-40,649	-61,488	-92,523	-108,537	-73,476	-73,300	-69,548	-83,829	-105,021	-131,357	-68,674	-27,292	-7,483
Net change in cash, cash equivalents and restricted cash
565,568	-9,958	18,225	9,850	-47,359	-14,254	-36,605	8,855	-18,008	-31,241	19,374	18,262	1,513	-	-	-	-	19,843	-4,752	-25,449	7,589	-32,163	30,928	6,134	-58,219	-23,461	-4,630	35,614	3,294
Supplemental disclosure of cash flow information:
Cash paid for interest, net of amount capitalized of $1,063 and $626
47,023	44,383	47,337	36,002	51,168	-	-	-	-	46,674	65,423	44,286	66,815	44,873	68,554	46,863	68,088	52,942	73,438	56,332	61,355	-	-	-	-	-	-	-	-
Net carrying value of properties distributed to non-controlling owners
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	178,969	0	0	0	0
Brixmor Operating Partnership LP
Net income
59,781	-	80,854	68,960	62,900	-	147,346	80,362	61,022	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
83,017	82,606	82,837	81,593	85,395	85,345	85,183	91,334	90,383	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Accretion) amortization of debt premium and discount, net
-79	-87	105	480	468	232	-926	-926	-952	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred financing cost amortization
1,763	1,764	1,748	1,764	1,787	1,692	1,596	1,631	1,682	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accretion of above- and below-market leases, net
-4,229	-4,699	-4,479	-4,748	-4,898	-5,922	-5,822	-7,998	-6,824	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tenant inducement amortization and other
897	-	-	-	827	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of real estate assets
4,598	6,934	8,170	6,186	3,112	9,094	16,372	11,927	15,902	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of real estate assets
8,905	8,501	25,621	13,043	7,602	50,125	119,333	28,262	11,448	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity based compensation
2,652	3,814	3,236	2,970	2,641	1,372	2,738	2,784	2,484	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	-837	-766	-997	-824	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on extinguishment of debt, net
-5	0	-943	-707	30	-16,914	-19,759	-291	-132	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receivables, net
1,407	13,467	5,904	6,812	816	13,728	7,281	3,474	-12,171	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred charges and prepaid expenses
6,995	564	15,528	7,781	6,829	4,735	20,786	9,745	5,309	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
200	105	116	40	-82	-98	6	-3,603	-40	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable, accrued expenses and other liabilities
35,828	1,921	-21,801	-22,946	40,199	-22,879	-223	-13,379	35,657	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
95,070	128,739	148,926	154,169	96,838	141,507	119,829	155,903	124,450	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Improvements to and investments in real estate assets
86,696	112,884	112,682	91,804	77,725	83,641	64,410	43,835	76,803	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisitions of real estate assets
2,020	0	0	79,634	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of real estate assets
41,411	-	-	-	45,160	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of real estate assets
-	-	-	-	-	280,996	437,555	135,206	104,198	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of marketable securities
3,328	1,960	11,842	18,955	5,245	5,172	11,398	12,870	3,654	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of marketable securities
4,019	2,784	8,567	32,965	5,977	5,804	11,879	8,701	4,496	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-46,614	-61,745	28,742	-107,449	-31,833	189,534	372,085	79,749	28,237	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of secured debt obligations
7,000	0	0	0	0	377,409	508,952	4,498	4,858	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of borrowings under unsecured revolving credit facility
7,500	45,000	204,000	272,000	65,000	120,000	39,000	35,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from borrowings under unsecured revolving credit facility
646,000	52,000	59,000	126,000	50,000	285,000	180,000	35,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of borrowings under unsecured term loans
-	-	-	-	-	0	250,000	135,000	50,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred financing and debt extinguishment costs
404	605	3,287	3,269	133	27,581	28,577	256	184	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Partner distributions and repurchases of OP Units
113,983	83,345	83,562	86,586	97,355	105,406	131,987	87,042	115,652	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
517,113	-76,950	-159,442	-36,639	-112,488	-345,396	-528,516	-226,796	-170,694	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in cash, cash equivalents and restricted cash
565,569	-	18,226	10,081	-47,483	-	-36,602	8,856	-18,007	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for interest, net of amount capitalized of $1,063 and $626
47,023	-	-	-	51,168	39,810	63,626	45,807	63,646	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-