COLONY CAPITAL, INC. CLNY Cash Flow

Colony capital, inc. (CLNY)

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
Cash Flows from Operating Activities
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-404,057	931,728	-565,842	-484,646	-30,155	-407,695	-17,414	-42,908	-27,158	-294,584	72,589	105,192	52,190	24,655	71,904	103,136	91,031
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Amortization of discount and net origination fees on loans receivable and debt securities
594	4,387	5,466	4,323	5,426	2,010	6,837	6,352	7,995	4,517	18,290	14,070	18,182	7,957	9,895	7,031	2,155
Paid-in-kind interest added to loan principal, net of interest received
21,218	19,855	17,581	15,248	9,780	12,879	8,914	10,129	6,486	-1,340	10,188	8,732	7,572	-5,045	10,082	15,372	9,435
Straight-line rents
2,069	7,478	761	6,973	5,529	7,207	7,369	7,001	7,753	7,031	9,514	8,213	7,906	2,952	2,480	3,540	3,645
Amortization of above- and below-market lease values, net
-3,506	-9,831	-3,251	-3,088	-3,643	-2,114	-3,245	422	-1,925	-8,343	-1,379	-3,619	-1,978	352	378	348	967
Amortization of deferred financing costs and debt discount and premium
15,260	41,758	16,201	25,984	19,594	20,325	21,221	25,291	22,802	23,945	18,172	20,866	20,736	9,630	6,903	6,444	5,959
Equity method earnings
97,291	49,625	82,068	-257,624	38,487	-37,378	13,798	1,875	32,265	-	-	-	-	-	-	-	-
Earnings from investments in unconsolidated ventures
-	-	-	-	-	-	-	-	-	-	17,447	122,394	113,992	-	16,684	53,113	2,429
Distributions of income from equity method investments
20,496	65,198	23,475	27,821	26,923	22,529	22,542	11,617	23,307	21,674	16,552	14,338	19,633	16,600	26,329	29,696	6,736
Provision for loan loss
0	33	17,233	15,003	3,611	15,901	7,825	13,933	5,375	6,834	5,116	1,067	6,724	17,593	6,569	6,213	4,630
Allowance for doubtful accounts
404	2,572	-198	30	4,389	1,659	3,097	20,799	1,305	-	-	-	-	-	-	-	-
Impairment of real estate and related intangibles and right-of-use assets
308,268	70,227	177,899	84,695	25,622	288,494	76,497	69,834	153,398	59,007	24,073	29,799	-8,519	6,256	941	2,441	2,079
Goodwill impairment
79,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
137,491	119,376	171,347	154,742	150,797	144,495	145,310	137,896	144,705	164,554	162,694	153,111	137,420	42,406	43,593	39,541	46,142
Equity-based compensation
8,249	14,522	10,122	8,266	6,663	11,753	8,557	9,397	12,169	43,125	41,206	37,914	32,184	3,312	3,484	3,423	3,419
Unrealized settlement loss
3,890	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of contingent consideration—Internalization (Note 12)
-	-	-	-	-	0	0	8,750	-10,480	-6,260	-6,090	-4,850	-3,400	1,900	-4,550	689	-9,779
Gain on sales of real estate, net
7,932	1,448,984	12,899	6,624	52,301	70,965	35,120	42,702	18,444	40,669	72,541	15,190	6,862	5,502	11,151	5,844	51,119
Cash and restricted cash contributed to CLNC (Note 6)
-	-	-	-	-	0	0	0	141,153	0	0	0	0	-	-	-	-
Payment of cash collateral on derivative
6,641	-	-	-	31,054	-	-	-	10,900	-	-	-	0	-	-	-	-
Payments of cash collateral on derivative, net of cash received
-	-	-	-	-	-	-	-1,897	1,897	-	-	-	-	-	-	-	-
Deferred income tax benefit
-9,138	-7,824	-2,025	1,087	-840	-18,470	-5,779	-3,716	-41,465	-116,948	-15,971	-1,969	-3,571	-	-	-	-
Other loss, net
-9,279	-8,791	-44,547	-88,223	-49,077	-82,025	29,677	38,348	63,976	-23,729	-14,912	-29,165	22,446	0	0	0	0
(Increase) decrease in due from affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,024	-326	-2,430
Increase in other assets and due from affiliates
6,406	7,450	136	12,767	3,584	-9,764	-2,675	33,820	18,742	20,614	12,268	-27,314	60,719	5,183	4,341	-10,168	-1,409
Decrease in accrued and other liabilities and due to affiliates
-81,407	-19,053	56,016	20,227	-37,205	2,477	24,052	2,198	-29,197	39,533	28,261	-72,383	-6,580	29,194	14,059	6,238	-4,126
Increase (decrease) in due to affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,979
Other adjustments, net
-1,747	-3,215	-687	-2,173	-2,036	-1,794	-1,704	39	880	-1,179	5,019	332	-78	-3,711	-218	176	-4,554
Net cash provided by (used in) operating activities
-59,669	-63,722	95,439	72,515	66,636	113,666	181,919	111,428	99,952	176,469	224,527	157,430	24,120	104,453	107,735	112,445	80,539
Cash Flows from Investing Activities
Contributions to and acquisition of equity investments
126,837	25,200	105,637	15,185	101,335	337,987	20,978	92,792	96,406	-	-	-	-	-	-	-	-
Contributions to investments in unconsolidated ventures
-	-	-	-	-	-	-	-	-	-	153,149	196,130	15,541	76,497	117,636	18,254	14,278
Return of capital from equity method investments
29,386	47,661	57,960	100,238	18,310	172,541	30,475	70,199	159,929	59,304	65,086	74,423	26,664	34,463	42,944	15,842	20,242
Acquisition of loans receivable and debt securities
0	0	0	320	451	4,591	17,179	14,470	68,007	-	-	-	-	-	-	-	-
Acquisition of loans receivable and securities
-	-	-	-	-	-	-	-	-	-	9,676	11,523	538,136	98,032	101,606	0	0
Cash and restricted cash assumed in Merger, net of payments for merger-related liabilities
-	-	-	-	-	-	-	-	-	0	0	0	-132,377	0	0	0	0
Net disbursements on originated loans
63,812	74,144	54,401	18,523	21,892	42,953	186,456	76,970	11,573	109,094	111,679	62,438	109,579	56,867	174,739	81,040	73,056
Repayments of loans receivable
49,133	1,490	1,592	137,689	89,199	30,891	55,035	17,349	40,085	308,753	305,019	126,725	90,577	271,058	263,067	140,885	57,383
Proceeds from sales of loans receivable and debt securities
0	0	37,329	15,547	13,373	66,893	32,981	34,856	90,877	-24,033	1,949	80,836	58,788	32,349	113,551	0	75,000
Acquisition of and additions to real estate, related intangibles and leasing commissions
78,283	120,278	207,580	322,697	1,267,762	601,593	205,302	306,180	236,392	130,878	402,465	616,582	175,197	128,216	144,073	108,998	119,934
Cash receipts in excess of accretion on purchased credit-impaired loans
0	12,242	8,741	1,538	8,607	23,772	91,302	22,692	21,463	117,244	139,797	25,226	75,156	58,643	24,944	35,732	20,738
Proceeds from Sale of Real Estate Held-for-investment
126,741	5,448,908	216,588	147,990	294,667	279,778	156,007	316,000	112,562	267,747	366,456	69,762	903,841	46,672	119,294	56,262	168,715
Proceeds from sales of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Proceeds from paydown and maturity of debt securities
1,623	2,025	3,142	2,700	3,338	1,740	14,847	10,329	16,709	21,159	29,609	30,850	31,321	0	0	0	0
Proceeds from sale of equity investments
-	-	-	-	-	-	140,146	84,775	4,340	-	52,823	261,423	239,081	0	0	0	0
Proceeds from sale of equity investments
231,078	165,657	0	-19,505	19,505	-	-	-	-	-	-	-	-	-	-	-	-
Investment deposits
3,593	1,718	-7,043	5,959	14,294	-61,259	81,349	11,841	2,383	-2,454	-44,196	37,987	9,143	67,693	0	0	0
Return of borrower escrow deposits
-	-	-	-	-	-	-	-	-	-	-	2,143	8,374	-	-	-	-
Increase in restricted cash related to investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,963	-7,963	0
Net receipts on settlement of derivatives
-3,227	-2,528	-14,145	-10,185	-19,608	1,940	-5,838	1,041	18,811	8,735	-3,250	7,626	-1,311	-	-	-	-
Acquisition of business
-	-	-	-	-	-	-	-	-	-	0	0	23,111	0	0	0	0
Other investing activities, net
1,742	-5,457	1,727	-4,900	-14,176	-216	-3,258	2,477	582	-25,853	11,455	-1,534	2,997	-404	-2,887	3,489	1,421
Net cash provided by (used in) investing activities
166,921	5,136,605	-79,477	66,761	-924,951	-350,195	18,625	203,599	-140,242	789,715	442,250	-259,364	693,786	31,979	28,510	21,579	133,389
Cash Flows from Financing Activities
Dividends paid to preferred stockholders
23,785	27,137	27,137	27,137	27,137	27,137	29,357	31,387	32,821	30,228	29,034	37,769	33,151	12,093	12,093	12,093	12,093
Dividends paid to common stockholders
53,657	53,659	53,654	53,410	53,426	54,015	53,952	55,852	146,700	148,260	149,022	134,150	50,724	45,516	45,516	45,244	44,896
Repurchase of common stock
24,749	0	0	0	10,734	24,114	0	108,755	210,274	75,565	56,627	111,976	56,009	0	0	0	0
Borrowings from corporate credit facility
600,000	70,000	522,200	218,000	0	0	181,000	271,000	233,000	261,000	121,000	201,000	458,000	189,000	180,000	173,000	152,000
Repayment of borrowings from corporate credit facility
-	-	-	-	-	0	181,000	371,000	183,000	211,000	192,000	130,000	880,600	126,500	248,400	48,100	163,400
Borrowings from secured debt
8,052	1,395,037	243,003	1,856,633	1,169,777	611,344	747,269	341,858	90,550	1,376,545	542,095	2,152,569	501,890	337,276	403,502	104,406	227,372
Repayments of secured debt
111,678	3,098,400	250,800	1,898,050	498,259	416,519	870,293	559,707	139,471	1,432,530	735,573	1,987,969	577,568	706,356	470,017	198,105	226,945
Change in escrow deposits related to financing arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,756	6,968	0
Settlement of call spread option
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Costs associated with contributions from noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Payment of deferred financing costs
140	25,660	1,757	38,085	16,700	8,792	11,662	3,064	5,112	31,630	9,875	45,125	9,439	5,118	3,329	3,719	10,298
Contributions from noncontrolling interests
87,083	21,641	110,129	199,903	247,033	312,065	302,442	297,111	108,270	86,313	185,311	225,021	676,787	301,106	424,667	48,897	44,363
Distributions to and redemptions of noncontrolling interests
68,320	2,404,216	93,803	220,077	129,734	147,574	128,663	141,201	101,426	340,739	253,936	97,778	278,162	180,030	158,510	95,613	193,476
Redemption of preferred stock
402,855	-	-	-	0	-	-	-	-	-	-	-	-	0	0	0	19,998
Reissuance of preferred stock to an equity method investee
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	19,998
Shares canceled for tax withholdings on vested stock awards
5,069	226	394	0	3,007	2,153	0	298	31,752	0	432	735	4,670	-	-	-	-
Other financing activities, net
0	-8,639	1,351	-1,717	-1,138	-2,244	162	-350	0	5,354	-6,594	-306	135	5,417	-2,555	0	-2,862
Net cash provided by financing activities
4,882	-4,385,459	26,138	-96,940	676,675	240,861	-246,788	-363,741	-418,736	-869,788	-281,569	40,487	-253,511	-260,955	76,062	-76,123	-230,235
Effect of exchange rates on cash, cash equivalents and restricted cash
-3,650	8,197	-6,814	1,561	-1,196	-4,646	-1,972	-9,752	4,832	894	2,385	7,176	1,027	-4,972	662	-1,997	1,753
Net increase (decrease) in cash, cash equivalents and restricted cash
108,484	695,621	35,286	43,897	-182,836	-314	-48,216	-58,466	-454,194	97,290	387,593	-54,271	465,422	-129,495	212,969	55,904	-14,554
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	27,522	40,126	31,914
Cash paid for income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,180	2,327	944
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:
Assets acquired in Merger (Note 3)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Liabilities assumed in Merger (Note 3)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Noncontrolling interests assumed in Merger (Note 3)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Debt assumed by buyer of real estate reported as discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Net assets acquired in CPI restructuring (Note 3)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Investment deposits applied to acquisition of loans receivable, real estate and CPI Group
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Loan payoff and real estate sale proceeds held in escrow (Note 10)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-35,267	46,817	0
Redemption of OP Units for cash in accrued and other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Redemption of OP Units for common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-13,476	13,476	0
Payment of fees and expenses related to contributions from noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Foreclosure of collateral assets underlying loans receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,062	113,632	0