Coresite realty corp (COR)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10
CASH FLOWS FROM OPERATING ACTIVITIES
Net income

96,120

99,037

100,190

102,566

104,102

106,763

107,873

107,141

103,997

100,491

96,644

91,675

87,375

81,921

76,147

71,358

64,405

56,859

51,778

46,238

43,994

40,052

36,775

36,294

33,535

31,612

27,161

21,599

15,568

10,716

6,600

3,916

-1,520

-10,779

-21,963

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

158,270

152,925

149,223

144,941

143,503

141,633

138,227

134,040

130,689

129,251

127,296

122,200

116,220

108,652

102,471

99,837

97,656

95,702

93,631

90,198

85,656

80,722

75,451

70,961

67,718

65,785

64,970

65,129

64,815

64,327

63,734

63,242

64,955

68,967

72,370

0

0

0

Amortization of above/below market leases

-202

-254

-305

-747

-841

-580

-1,520

-510

-547

-598

552

516

798

541

1,324

1,054

515

520

-505

-632

-614

-556

-589

-574

-661

-823

-936

-1,139

-1,341

-1,505

-1,752

-1,683

-1,656

-1,650

-1,529

0

0

0

Amortization of deferred financing costs and hedge amortization

3,756

3,338

2,982

2,718

2,415

2,370

2,201

2,009

1,873

1,676

1,600

1,525

1,419

1,333

1,211

1,254

1,235

1,246

1,419

1,454

1,611

1,897

1,923

1,921

1,899

1,739

1,667

1,656

1,665

1,681

1,678

1,602

1,565

1,556

1,612

0

0

0

Gain on real estate disposal

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

36

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share-based compensation

14,434

14,384

13,955

13,275

12,844

12,038

11,265

10,587

9,770

8,946

8,563

8,659

8,601

8,892

8,683

8,157

7,638

7,114

6,664

6,238

5,978

6,125

6,199

6,440

6,591

6,770

6,904

6,702

6,798

5,650

4,776

4,098

3,208

2,958

2,803

0

0

0

Amortization of discount to fair market value of acquired loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

687

1,603

0

0

0

Bad debt expense (recovery)

1,018

291

177

54

-111

-229

35

903

1,289

1,338

1,129

585

160

398

163

193

265

201

132

287

441

648

829

616

255

244

509

665

676

544

604

204

414

292

-11

0

0

0

Changes in operating assets and liabilities:
Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-3,075

0

0

0

Accounts receivable

-870

2,836

2,049

4,749

677

-10,923

-3,781

4,124

4,998

5,087

12,926

8,252

5,335

13,199

2,072

-1,275

5,654

2,146

3,047

5,282

702

599

1,013

2,961

601

682

1,533

365

3,155

3,657

3,404

1,814

1,633

1,523

3,468

0

0

0

Due to and due from related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2

0

0

0

-

Deferred rent receivable

-3,295

-4,827

-4,024

-2,091

838

3,124

3,414

3,764

3,545

3,645

8,338

7,990

7,386

7,083

4,282

6,525

8,265

7,799

6,940

5,830

4,353

4,245

3,316

2,960

2,525

2,248

2,364

2,107

2,594

3,966

4,568

5,195

5,695

4,986

4,675

0

0

0

Deferred leasing costs

16,917

13,422

12,259

12,679

10,961

11,672

12,499

12,533

13,060

13,315

13,817

14,515

14,514

14,395

16,847

16,332

17,317

17,555

17,092

25,781

24,369

21,390

17,019

6,118

5,674

6,852

6,542

5,765

4,101

4,105

2,570

3,719

4,159

4,215

5,084

0

0

0

Other assets

6,021

8,132

7,132

2,989

3,889

4,079

5,881

4,384

8,390

10,924

10,705

11,071

9,960

8,819

9,373

9,626

9,674

5,535

9,155

7,252

5,416

4,459

4,409

5,747

6,136

7,157

6,178

2,294

2,884

2,465

-2,485

2,490

2,781

515

2,987

0

0

0

Accounts payable and accrued expenses

2,872

8,208

13,028

10,789

8,215

3,502

3,740

-107

-1,578

1,224

7,255

8,271

11,289

4,910

3,900

5,184

1,458

6,532

4,149

1,247

-1,631

-4,160

-3,869

-459

4,550

3,756

4,400

276

-3,506

2,245

-2,037

-3,011

6,301

7,273

10,340

0

0

0

Unearned revenue, prepaid rent and other liabilities

-9,228

-9,097

-8,839

-9,348

-2,329

-1,275

2,405

-2,259

1,931

-2,235

375

8,961

6,312

8,696

3,242

3,559

8,076

9,561

9,567

7,071

4,982

7,350

6,464

5,283

3,384

262

2,652

651

303

-1,611

-3,692

-987

1,525

2,820

4,157

0

0

0

Deferred rent payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-670

-1,077

-1,137

-1,051

-948

-882

-778

-661

-383

3,677

3,887

5,317

5,381

1,697

1,857

794

914

1,029

1,142

1,258

1,407

0

0

0

Operating leases

1,969

2,316

4,741

3,515

4,534

2,491

39

965

-571

2,234

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

250,236

251,585

257,736

249,771

256,317

258,761

247,108

227,788

216,758

209,356

198,620

201,495

195,134

170,525

162,023

156,719

138,161

142,573

128,409

105,830

103,555

99,516

97,043

106,373

106,222

97,723

96,091

86,705

73,674

68,648

63,363

55,749

61,231

61,206

56,713

0

0

0

Tenant improvements

4,297

4,014

4,223

4,724

4,998

5,247

5,760

5,708

6,537

7,850

8,672

8,618

7,709

5,878

5,867

6,134

6,661

7,736

6,209

5,077

5,445

5,893

6,954

8,210

8,047

7,128

6,023

6,063

5,217

6,075

0

0

0

-

-

-

-

0

Real estate improvements

347,232

342,187

318,972

291,367

266,172

239,715

205,677

175,716

165,708

153,956

166,944

249,627

265,344

293,359

284,716

201,023

169,137

122,196

90,624

99,638

96,212

100,299

149,606

168,190

181,636

185,452

151,525

120,198

99,478

83,837

67,828

82,384

107,808

112,196

101,369

0

0

0

Acquisition of NY2

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21,889

0

0

0

-

-

-

-

-

-

-

-

-

Proceeds from real estate disposal

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assumption of cash balances in connection with the contribution of the CoreSite Acquired Properties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Business combinations and asset acquisitions

-

-

-

-

-

10,681

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net cash used in investing activities

-377,589

-372,261

-349,255

-322,151

-277,468

-255,643

-222,118

-204,263

-188,786

-173,964

-248,664

-323,210

-338,018

-364,202

-294,658

-207,157

-175,809

-127,533

-94,434

-102,316

-99,247

-106,192

-156,560

-176,400

-189,683

-214,469

-179,436

-139,612

-120,626

-83,802

-72,312

-87,986

-110,336

-112,559

-90,709

0

0

0

CASH FLOWS FROM FINANCING ACTIVITIES
Changes in reserves for capital improvements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-8,691

-8,691

-5,724

-5,039

-4,965

-5,014

0

0

0

Proceeds from exercise of stock options

420

364

157

129

227

310

219

361

746

4,820

4,867

4,782

4,455

1,290

1,465

1,912

1,953

1,393

1,970

2,614

2,589

2,354

1,850

807

1,008

925

1,320

1,294

1,287

1,564

0

0

0

-

-

-

-

-

Offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17

25,199

0

0

0

Redemption of operating partnership units

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Proceeds from revolving credit facility

416,798

397,298

355,250

329,786

274,036

253,036

351,036

321,500

303,000

274,000

206,250

273,000

276,750

299,500

232,250

150,750

132,500

87,000

71,250

82,500

76,750

88,250

138,250

144,750

149,000

174,250

123,000

96,000

89,500

72,750

0

0

0

-

-

-

-

-

Payments on revolving credit facility

552,299

546,299

447,500

374,500

199,536

211,036

215,536

209,536

309,500

298,500

282,000

273,000

164,750

247,750

0

0

0

-

-

-

-

44,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from unsecured debt

-

-

-

-

-

-

-

-

-

-

-

-

-

250,000

0

0

0

-

-

-

-

100,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from mortgage loans payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Repayments of mortgage loans payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

58,250

58,625

59,000

59,375

1,500

33,006

32,699

32,407

57,114

0

0

0

-

-

-

-

0

Payments of loan fees and costs

0

-

-

-

-

-

-

-

-

-

-

-

-

2,981

0

0

0

-

-

-

-

-

-

-

-

-

-

3,014

2,652

503

1,850

1,837

1,848

1,745

3,454

0

0

0

Reduction in contribution receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Contributions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends and distributions

230,025

223,901

214,595

205,527

199,323

193,038

190,099

185,513

179,115

172,484

153,277

135,394

122,439

108,807

103,530

98,180

92,807

87,420

84,042

80,624

77,182

73,772

69,958

66,170

63,119

57,098

0

0

0

-

-

-

26,117

23,785

0

0

0

-

Net cash provided by (used in) financing activities

128,366

121,125

90,916

72,382

20,366

-5,766

-24,366

-43,025

-27,279

-34,574

48,430

141,806

142,070

191,252

129,454

45,139

28,790

-18,848

-33,766

-7,104

-2,403

12,025

68,083

78,356

85,127

113,929

70,626

50,184

51,441

16,656

12,166

6,439

-20,107

-28,265

34,940

0

0

0

Net change in cash and cash equivalents

1,013

449

-603

2

-785

-2,648

624

-19,500

693

818

-1,614

20,091

-814

-2,425

-3,181

-5,299

-8,858

-3,808

209

-3,590

1,905

5,349

8,566

8,329

1,666

-2,817

-12,719

-2,723

4,489

1,502

3,217

-25,798

-69,212

-79,618

944

0

0

0

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash paid for interest, net of capitalized amounts

39,443

31,123

33,056

33,971

34,575

32,579

31,151

28,400

23,304

22,252

17,926

16,736

13,082

11,528

7,630

7,665

6,864

6,219

5,615

4,879

4,419

4,072

3,752

3,121

2,593

2,044

1,436

2,037

3,004

4,278

11,421

9,443

4,741

4,360

-1,691

0

0

0

Cash paid for operating lease liabilities

25,761

25,206

22,459

23,525

21,270

21,994

23,439

21,121

22,427

20,764

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NON-CASH INVESTING AND FINANCING ACTIVITY
Construction costs payable capitalized to real estate

45,392

64,776

69,476

81,385

85,390

41,328

52,741

55,017

44,828

32,228

60

-45,339

4,335

28,805

64,138

129,695

88,383

37,033

48,171

28,403

13,688

16,142

-616

-33,813

-22,351

-19,821

-30,920

-16,848

-19,114

-10,520

-8,583

-4,018

-20,392

-5,564

-11,762

0

0

0

Contribution of the CoreSite Acquired Properties for Operating Partnership units

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

NON-CASH OPERATING ACTIVITY
Lease liabilities arising from obtaining right-of-use assets

0

-

-

-

-

-

-

-

-

8,330

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0