City office reit, inc. (CIO)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15
Cash Flows from Operating Activities:
Net income/(loss)

4,368

2,442

-7,229

-7,443

-9,449

38,669

44,364

43,804

57,655

9,158

6,952

6,792

7,866

376

1,770

667

-15,657

-7,667

0

0

0

Adjustments to reconcile net income/(loss) to net cash provided by operating activities:
Depreciation and amortization

59,695

59,159

59,365

57,709

54,876

52,352

49,543

45,613

42,989

41,594

38,439

36,753

34,125

30,178

27,670

25,795

23,769

21,624

0

0

0

Amortization of deferred financing costs and debt fair value

1,312

1,325

1,316

1,306

1,326

1,621

1,722

1,783

1,761

1,452

1,313

1,141

1,059

957

867

863

798

746

0

0

0

Amortization of above/below market leases

14

-27

-106

-134

-9

-182

-354

-400

-534

-337

34

102

235

299

127

189

282

349

0

0

0

Increase in straight-line rent/expense

4,483

5,233

5,803

6,285

5,313

4,703

3,894

2,702

2,887

2,820

2,267

2,800

3,384

3,751

4,991

4,735

2,956

1,895

0

0

0

Non-cash stock compensation

1,867

1,742

1,665

1,590

1,510

1,416

1,302

1,197

1,194

1,671

2,078

2,458

2,721

2,436

2,292

2,148

2,040

1,907

0

0

0

Earn-out termination payment

-

-

-

-

-

-

-

-

-

2,400

0

0

0

-

-

-

-

-

-

-

-

Internalization shares issued

-

-

-

-

-

-

-

-

-

-

-

-

-

3,464

0

0

0

-

-

-

-

Net gain on sale of real estate property

-

-

-

-

-

46,980

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Changes in non-cash working capital:
Rents receivable, net

874

1,061

1,937

3,186

2,149

1,602

2,539

605

-844

1,647

3,667

3,028

6,222

4,331

1,565

3,361

3,596

4,506

0

0

0

Other assets

-1,570

330

528

-1,599

322

353

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other assets

-

-

-

-

-

-

-

-

-

-

1,407

-342

-418

587

936

1,209

1,175

648

0

0

0

Accounts payable and accrued liabilities

-2,314

-5,538

-693

316

-1,526

-910

-3,034

-5,033

-4,692

670

3,395

1,376

-2,830

3,135

48

1,373

7,635

2,988

0

0

0

Deferred rent

212

1,022

667

1,261

805

-834

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Tenant rent deposits

-543

-590

-365

-287

-38

196

0

0

0

-

-

-

-

-338

0

0

-177

-

0

0

0

Deferred rent

-

-

-

-

-

-

-

-

-

-

0

0

1,844

-

1,719

865

557

440

0

0

0

Tenant rent deposits

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Net Cash Provided By Operating Activities

57,412

49,499

49,371

49,465

43,208

42,187

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Cash Flows to Investing Activities:
Net Cash Provided By Operating Activities

-

-

-

-

-

-

-

-

-

-

-

-

17,773

-

14,480

10,192

15,825

14,163

0

0

0

Additions to real estate properties

16,847

16,002

21,656

24,311

23,125

23,586

17,855

13,307

9,148

8,189

7,665

6,755

6,164

8,729

9,127

9,722

9,340

5,466

0

0

0

Acquisition of real estate

-

108,358

0

0

0

-

-

-

-

249,299

0

0

0

-

-

-

-

166,788

0

0

0

Net proceeds from sale of real estate .

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from sale of real estate

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Deferred leasing costs

5,310

3,926

3,300

3,589

3,788

4,048

4,933

4,536

4,886

4,289

3,679

3,195

2,389

2,074

1,319

1,452

2,808

3,217

0

0

0

Net Cash Used In Investing Activities

-50,507

-81,922

-191,425

-254,032

-315,071

-197,309

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Cash Flows from Financing Activities:
Repurchases of common stock

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Cash Provided By/(Used In) Investing Activities

-

-

-

-

-

-

-

-

-

-

-

-

-260,561

-

-42,600

-91,376

-168,513

-175,471

0

0

0

Net proceeds from sale of common stock

-

-

-

-

-

-

-

-

-

136,941

0

0

0

-

-

-

-

-

-

-

-

Debt issuance and extinguishment costs

-

1,008

1,296

1,669

1,583

2,963

4,666

4,391

4,772

3,202

3,435

3,482

3,177

2,955

0

0

0

-

-

-

-

Proceeds from borrowings

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of borrowings

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from mortgage loans payable

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Repayment of mortgage loans payable

-

-

-

-

-

-

-

0

60,014

-

27,620

-5,650

20,811

20,199

0

0

0

-

-

0

0

Proceeds from credit facility

-

-

-

-

-

-

-

0

187,500

-

0

0

0

-

-

-

0

-

-

-

-

Repayment of credit facility

-

-

-

-

-

-

-

0

187,500

-

0

0

0

-

-

-

-

-

-

-

-

Shares withheld for payment of taxes on restricted stock unit vesting

657

832

246

247

247

87

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Contributions from non-controlling interests in properties .

103

112

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions to non-controlling interests in properties

662

596

623

652

632

527

553

690

4,852

4,943

4,864

4,631

460

455

466

456

440

421

0

0

0

Dividend distributions paid to stockholders

51,699

48,163

44,637

43,812

42,988

42,158

39,976

38,597

37,216

36,256

33,031

29,800

26,536

20,841

18,670

16,597

14,496

14,404

0

0

0

Net Cash Provided By Financing Activities

120,905

86,801

140,743

202,831

269,997

153,253

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net Increase in Cash, Cash Equivalents and Restricted Cash

127,810

54,378

-1,311

-1,736

-1,866

-1,869

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-411

42,867

5,542

4,083

0

0

0

Net Cash (Used In)/Provided By Financing Activities

-

-

-

-

-

-

-

-

-

-

-

-

291,844

-

29,626

77,547

136,901

134,584

0

0

0

Net Increase in Cash, Cash Equivalents and Restricted Cash

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Reconciliation of Cash, Cash Equivalents and Restricted Cash:
Net (Decrease)/Increase in Cash and Cash Equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,506

-3,637

-15,787

-26,724

0

0

0

Supplemental Disclosures of Cash Flow Information:
Cash paid for interest

27,911

28,479

28,426

26,865

23,203

22,131

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,912

13,075

11,665

10,030

0

0

0

Earn-out payment in common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Purchase of additions in real estate properties included in accounts payable

4,915

6,489

4,676

4,822

7,449

6,791

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of deferred leasing costs included in accounts payable

695

603

522

656

699

654

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-