Cim commercial trust corp (CMCTP)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income

345,521

1,142

379,758

34,565

24,403

24,598

14,679

19,797

6,309

4,297

6,761

Adjustments to reconcile net income to net cash provided by operating activities:
Deferred rent and amortization of intangible assets, liabilities and lease inducements

-2,727

-3,636

-2,172

-6,584

-6,835

-5,187

-

-

-

-

-

Deferred rent

-

-

-

-

-

-

10,481

13,509

12,474

-

-

Depreciation and amortization

27,374

53,228

58,364

71,968

72,361

69,047

68,644

69,943

68,804

-

-

Reclassification from AOCI to interest expense

1,806

1,552

0

0

-

-

-

-

-

-

-

Reclassification from other assets to interest expense for swap termination

-1,421

0

0

-

-

-

-

-

-

-

-

Change in fair value of swaps

209

1,728

0

-

-

-

-

-

-

-

-

Unrealized Gain (Loss) on Cash Flow Hedging Instruments

-

-1,728

-

0

-

-

-

-

-

-

-

Transfer of right to collect supplemental real estate tax reimbursements

0

0

5,097

0

0

-

-

-

-

-

-

Bargain purchase gain

-

-

-

-

-

4,918

-

-

-

-

-

Gain on settlement of a contractual obligation

-

-

-

-

-

1,166

-

-

-

-

-

Gain on sale of real estate

433,104

0

408,098

39,666

3,092

0

-

-

-

78

1,195

Impairment of real estate

69,000

0

13,100

0

0

-

-

-

-

-

-

Loss on early extinguishment of debt

-29,982

-808

-8,215

-

-

-

-

-

-

-

-

Gain on disposition of assets held for sale

-

-

-

-

5,151

0

-

-

-

-

-

Straight-line rent, below-market ground lease and amortization of intangible assets

0

-18

1,069

1,766

1,899

1,892

-

-

-

-

-

Straight-line lease termination income

0

0

362

0

0

-

-

-

-

-

-

Amortization of above- and below-market rent

-

-

-

-

-

-

-2,170

-2,811

-2,899

-

-

Amortization of below-market ground lease

-

-

-

-

-

-

140

140

140

-

-

Straight line rent - below-market ground lease

-

-

-

-

-

-

1,175

1,175

1,175

-

-

Amortization of lease inducement

-

-

-

-

-

-

511

375

265

-

-

Amortization of deferred loan costs

1,133

896

1,016

2,803

3,229

2,168

784

657

360

-

-

Amortization of premiums and discounts on debt

-227

-444

-590

-870

-1,179

-1,192

-828

-808

-894

-

-

Unrealized premium adjustment

1,697

2,522

2,447

1,599

1,168

1,692

-

-

-

1,501

-23

Amortization and accretion on loans receivable, net

501

41

-96

1,039

6,451

5,095

-

-

-

-

-

Amortization of tax abatement

-

-

-

-

-

-

551

551

117

-

-

Amortization of discount on note receivable

-

-

-

-

-

-

-

810

1,388

-

-

Provision for loan losses, net

-

-

-

-

-

-

-

-

-

641

989

Bad debt expense (recovery)

40

494

677

161

1,428

594

155

79

300

-

-

Deferred income taxes

-81

-3

271

164

132

-58

-

-

-

-645

-256

Amortization and accretion, net

-

-

-

-

-

-

-

-

-

-231

-377

Stock-based compensation

194

162

154

164

971

1,079

-

-

-

134

151

Permanent impairments on retained interests in transferred assets

-

-

-

-

-

-

-

-

-

-

552

Impairment losses

-

-

-

-

-

-

-

-

-

325

-

Loans funded, held for sale to secondary market

29,694

55,655

57,237

38,234

29,619

32,407

-

-

-

-

-

Capitalized loan origination costs

-

-

-

-

-

-

-

-

-

316

239

Loans funded, held for sale

-

-

-

-

-

-

-

-

-

27,602

24,384

Proceeds from sale of guaranteed loans

40,033

54,142

51,312

38,536

27,974

22,893

-

-

-

-

24,996

Principal collected on loans subject to secured borrowings

3,613

5,698

6,674

3,866

4,311

4,450

-

-

-

-427

-

Other operating activity

-822

-1,587

-1,718

136

-496

-460

-

-

-

-

-

Loan fees remitted, net

-

-

-

-

-

-

-

-

-

20

65

Changes in operating assets and liabilities:
Accounts receivable and interest receivable

-3,197

-6,692

977

2,569

350

2,028

1,094

2,281

-3,200

-

-

Other assets

-2,980

1,421

21,341

-419

4,036

5,850

5,309

-8,369

12,409

321

-290

Borrower advances

-

-

-

-

-

-

-

-

-

1,104

-451

Accounts payable and accrued expenses

-6,326

-365

-14,139

630

3,678

1,728

6,017

-5,887

4,388

272

-749

Deferred leasing costs

1,695

5,773

6,973

19,885

8,580

9,753

11,530

7,706

12,905

-

-

Other liabilities

-6,825

2,221

-5,589

3,219

984

2,400

-159

-1,265

4,321

-54

-140

Due to related parties

-1,601

2,218

-1,584

724

286

2,379

742

705

-169

-

-

Net cash provided by operating activities

40,985

61,456

-2,724

51,873

77,035

66,806

61,827

66,714

46,241

-20,104

5,860

CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to investments in real estate

24,600

12,055

21,101

35,414

26,614

24,759

24,342

27,937

51,726

-

-

Acquisition of real estate

0

112,048

19,631

0

11,143

63,436

-

1,050

44,980

-

-

Proceeds from sale of real estate, net

941,032

0

1,018,476

94,568

7,786

0

-

-

-

-

-

Proceeds from sale of assets held for sale, net

-

-

-

25,690

82,272

0

-

-

-

-

-

Loans funded

9,898

18,579

19,079

66,001

29,848

18,564

-

-

-

10,838

6,051

Cash and cash equivalents acquired in connection with the merger

-

-

-

-

-

3,185

-

-

-

-

-

Principal collected on loans

10,273

10,770

10,883

33,470

39,950

44,924

-

-

-

-

-

Principal collected on loans receivable

-

-

-

-

-

-

-

-

-

-20,572

-14,640

Principal collected on retained interests in transferred assets

-

-

-

-

-

-

-

-

-

200

308

Investment in retained interests in transferred assets

-

-

-

-

-

-

-

-

-

-

559

Principal collected on mortgage-backed security of affiliate

-

-

-

-

-

-

-

-

-

-

162

Purchase of furniture, fixtures, and equipment

-

-

-

-

-

-

-

-

-

-

5

Proceeds from sales of real estate owned, net

-

-

-

-

-

-

-

-

-

2,373

-

Proceeds from unconsolidated subsidiary

-

-

-

-

-

-

-

-

-

-1,024

-

Restricted cash

-

-

-

-

-1,691

3,105

-2,159

23

3,927

1,024

-1,181

Other investing activity

-386

-178

-317

-1,287

-178

-1,454

-

-

-

-

-

Net cash (used in) provided by investing activities

917,193

-131,734

969,865

53,600

64,272

-60,301

-22,183

-29,010

-100,633

10,259

9,676

CASH FLOWS FROM FINANCING ACTIVITIES:
Payment of unsecured revolving lines of credit, revolving credit facility and or term note

135,500

220,000

335,000

-

-

-

-

-

-

-

-

Proceeds from unsecured revolving lines of credit, revolving credit facilities and term notes

158,500

180,000

120,000

175,000

619,000

554,700

-

-

-

-

-

Payment of unsecured revolving lines of credit, revolving credit facility and or term note

-

-

-

282,000

487,000

393,400

-

-

-

-

-

Proceeds from mortgages payable

-

-

-

392,000

0

0

-

-

120,757

-

-

Payment of mortgages payable

46,000

0

65,877

4,354

77,056

6,472

83,698

8,098

56,907

-

-

Investments in marketable securities in connection with the legal defeasance of mortgages payable

268,194

0

0

-

-

-

-

-

-

-

-

Prepayment penalties and other payments for early extinguishment of debt

5,660

0

6,361

-

-

-

-

-

-

-

-

Payment of principal on SBA 7(a) loan-backed notes

11,487

4,431

0

0

-

-

-

-

-

-

-

Proceeds from revolving credit facility

-

-

-

-

-

-

-

-

-

-9,200

-

Proceeds from SBA 7(a) loan-backed notes

0

38,200

0

0

-

-

-

-

-

-

-

Payment of principal on secured borrowings

3,613

5,698

6,674

13,946

4,311

4,450

-

-

-

-

-

Proceeds from secured borrowings

0

772

0

25,791

10,000

5,887

-

-

-

-

-

Payment of deferred preferred stock offering costs

1,320

1,136

3,832

1,960

0

0

-

-

-

-

-

Proceeds from unsecured revolving lines of credit

-

-

-

-

-

-

134,000

30,000

-

-

-

Payment of deferred loan costs

34

4,234

304

1,994

3,596

5,774

395

1,084

1,257

-

-

Payment of other deferred costs

389

235

0

0

-

-

-

-

-

-

-

Payment of special dividend and dividend assumed in acquisition

-

-

-

-

-

59,286

-

-

-

-

-

Redemption of redeemable preferred stock of subsidiary

-

-

-

-

-

-

-

-

-

-

-2,000

Payment of common dividends

13,140

21,895

38,327

-

-

16,100

-

-

-

6,776

9,681

Payment of common dividends

-

-

-

77,316

85,389

68,948

-

-

-

-

-

Payment of special cash dividends

613,294

1,575

4,872

0

0

-

-

-

-

-

-

Proceeds from issuance of stock

-

-

-

-

-

-

-

-

-

11

-

Repurchase of Common Stock

0

0

886,010

290,134

0

0

-

-

-

-

1,076

Payment of borrowing costs

0

0

8

0

0

-

-

-

-

-

30

Redemption of class B shares of subsidiary REITs

-

-

-

-

-

1,850

-

-

-

-

-

Net proceeds from issuance of Series A Preferred Warrants

385

73

127

5

0

201

-

-

-

-

-

Net proceeds from issuance of Series A Preferred Stock

-

-

-

-

-

0

-

-

-

-

-

Payment of preferred stock dividends

22,157

2,173

250

0

0

-

-

-

-

-

-

Proceeds from (repayment of) revolving credit facility, net

-

-

-

-

-

-

-

-

-

-

-300

Payment of principal on debentures payable and structured notes payable

-

-

-

-

-

-

-

-

-

5,404

5,817

Proceeds from secured borrowings-government guaranteed loans

-

-

-

-

-

-

-

-

-

28,445

-

Payment of principal on secured borrowings-government guaranteed loans

-

-

-

-

-

-

-

-

-

-427

-

Redemption of Series A Preferred Stock

-

-

-

0

0

-

-

-

-

2,000

-

Retirement of fractional shares of Common Stock

1

0

0

-

-

-

-

-

-

-

-

Payments for Retirement of Common Stock

-

-

-

-

-

3

-

-

-

-

-

Noncontrolling interests' distributions

522

74

43

43

45

264

266

258

251

-

-

Partner contributions

-

-

-

-

-

-

32

-

-

-

-

Partner distributions

-

-

-

-

-

-

104,035

72,987

68,524

-

-

Noncontrolling interests' contributions

455

0

0

-

110

10

-

-

440

-

-

Net cash used in by financing activities

-1,000,157

-6,535

-989,011

-77,522

-28,287

4,251

-54,362

-52,427

-5,742

4,649

-18,304

Change in cash balances included in assets held for sale

755

-755

0

1,471

569

-2,040

-

-

-

-

-

NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH

-41,224

-77,568

-21,870

29,422

113,589

8,716

-14,718

-14,723

-60,134

-5,196

-2,768

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the period for interest

13,674

27,473

35,092

33,060

20,920

19,397

18,303

18,809

18,466

-

-

Federal income taxes paid

1,000

622

1,595

1,353

805

691

-

-

-

-

-

SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING AND FINANCING ACTIVITIES:
Additions to investments in real estate included in accounts payable and accrued expenses

5,663

11,875

9,024

4,527

8,097

7,613

3,493

4,329

7,846

-

-

Retirement of treasury stock

-

-

-

-

4,901

0

-

-

-

-

-

Stock issued in connection with the merger

-

-

-

-

-

44,610

-

-

-

-

-

Additions to investments in real estate included in other assets

-

-

-

-

4,244

0

-

-

-

-

-

Net increase in fair value of derivatives applied to other comprehensive income

0

1,727

2,140

2,010

-2,519

0

-

-

-

-

-

Foreclosure on a loan receivable included in other assets

-

-

-

-

708

0

-

-

-

-

-

Reduction of loans receivable and secured borrowings due to the SBA's repurchase of the guaranteed portion of loans

0

0

534

2,663

0

0

-

-

-

-

-

Additions to deferred loan costs included in accounts payable and accrued expenses

0

32

0

0

-

-

-

-

-

-

-

Seller financing and assumed debt in connection with acquisitions of real estate properties and real estate mortgage note receivable

-

-

-

-

-

-

-

-

20,000

-

-

Foreclosure on note receivable included in investments in real estate and other intangible assets (Note 4)

-

-

-

-

-

-

40,100

-

66,030

-

-

Additions to deferred costs included in accounts payable and accrued expenses

35

174

0

0

-

34

-

-

340

-

-

Additions to preferred stock offering costs included in accounts payable and accrued expenses

264

172

388

238

0

0

-

-

-

-

-

Accrual of dividends payable to preferred stockholders

9,873

14,935

249

-

-

-

-

-

-

-

-

Preferred stock offering costs offset against redeemable preferred stock in temporary equity

347

229

122

3

0

0

-

-

-

-

-

Preferred stock offering costs offset against redeemable preferred stock in permanent equity

3

0

2,532

0

0

-

-

-

-

-

-

Reclassification of Series A Preferred Stock from temporary equity to permanent equity

35,649

27,887

1,417

0

0

-

-

-

-

-

-

Reclassification of loans receivable, net to real estate owned

243

0

0

-

-

-

-

-

-

-

-

Reclassification of Series A Preferred Stock from permanent equity to accounts payable and accrued expenses

0

0

13

0

0

-

-

-

-

-

-

Reclassification of Series A Preferred Stock from permanent equity to accounts payable and accrued expenses

20

0

0

-

-

-

-

-

-

-

-

Accrual of special cash dividends

0

0

1,575

-

-

-

-

-

-

-

-

Accrual reversed to lease termination income

0

0

480

0

0

-

-

-

-

-

-

Payable to related parties included in net proceeds from disposition of real estate

0

0

202

-

-

-

-

-

-

-

-

Establishment of right-of use asset and lease liability

362

0

0

-

-

-

-

-

-

-

-

Marketable securities transferred in connection with the legal defeasance of mortgages payable

268,194

0

0

-

-

-

-

-

-

-

-

Mortgage notes payable legally defeased

245,000

0

0

-

-

-

-

-

-

-

-

Mortgage note assumed in connection with our sale of real estate

28,200

0

0

-

-

-

-

-

-

-

-

Series A Preferred Stock
Net proceeds from issuance of Series A Preferred Stock

37,197

35,984

28,070

1,429

-

-

-

-

-

-

-

Redemption of Series A Preferred Stock

228

113

27

-

-

-

-

-

-

-

-

Series L Preferred Stock
Net proceeds from issuance of Preferred Stock

0

0

210,377

0

-

-

-

-

-

-

-

Redemption of Series A Preferred Stock

75,155

0

0

-

-

-

-

-

-

-

-