CAMDEN PROPERTY TRUST CPT Cash Flow

Camden property trust (CPT)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Cash flows from operating activities
Net income
224,270	160,694	200,860	838,226	258,262	301,314	346,291	293,900	59,961	31,142	-44,203	82,025
Net income from discontinued operations, including gain on sale
-	-	-	382,842	19,750	18,197	-	-	-	-	-	-
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization
336,274	300,946	263,974	250,146	240,944	222,055	221,543	209,872	181,791	174,465	172,415	169,151
Gain (Loss) on Extinguishment of Debt
-11,995	0	-323	0	0	-	-	-	-	-	-2,550	13,566
Gain (Loss) on Disposition of Assets
49,901	0	43,231	295,397	104,288	159,289	698	0	-	-	-	2,929
Gain on acquisition of controlling interest in joint ventures
-	-	-	-	-	-	-	57,418	0	0	-	-
Gain on sale of discontinued operations, net of tax
-	-	-	-	-	-	182,160	115,068	24,621	9,614	16,887	80,198
Gain on sale of land
-	-	-	-	-	-	-	-	4,748	236	-	-
Impairment associated with land holdings
-	-	-	-	-	1,152	0	0	-	-	85,614	51,323
Gain on sale of unconsolidated joint venture interests
-	-	-	-	-	-	-	-	1,136	0	-	-
Gain on sale of available-for-sale investment
-	-	-	-	-	-	-	-	4,301	0	-	-
Loss on discontinuation of hedging relationship
-	-	-	-	-	-	-	-	29,791	0	-	-
Impairment provision on technology investment
-	-	-	-	-	-	-	-	-	1,000	-	0
Distributions of income from joint ventures
14,843	7,736	6,851	7,057	6,387	7,399	8,884	6,321	5,329	6,524	5,664	5,392
Equity in income of joint ventures
14,800	7,836	6,800	7,125	6,168	7,023	24,865	20,175	5,679	-839	695	-1,265
Share-based compensation
15,235	16,749	17,547	20,123	17,674	15,552	14,063	13,086	12,039	11,306	9,053	7,663
Derivative, Cash Received on Hedge
-	-	-	0	-	-	-	-	-	-	-	-
Net change in operating accounts and other
38,094	9,553	-4,846	281	-5,761	22,298	21,233	9,859	9,469	-4,508	-252	3,026
Derivative, Cash Paid on Hedge
20,430	-15,905	-	-	-	-	-	-	-	-	-	-
Amortization of deferred financing costs
-	-	-	-	-	-	-	3,608	5,877	4,102	3,925	2,975
Accretion of discount on unsecured notes payable
-	-	-	-	-	-	-	-	-	-	-	571
Interest on notes receivable - affiliates
-	-	-	-	-	-	-	-	-	-	-	3,688
Net cash from continuing operating activities
-	-	-	430,469	387,300	385,261	-	-	-	-	-	-
Net cash from discontinued operating activities
-	-	-	12,594	35,938	33,267	-	-	-	-	-	-
Net cash from operating activities
555,597	503,747	434,656	443,063	423,238	418,528	404,291	324,267	244,834	224,036	217,688	216,958
Cash flows from investing activities
Development and capital improvements, including land
407,558	359,230	299,086	342,952	411,799	497,124	356,815	290,728	227,755	63,739	72,779	199,269
Acquisition of operating properties
436,305	290,005	58,267	0	0	62,260	224,109	465,400	0	0	-	-
Proceeds from sale of land
67,572	11,296	76,902	515,754	145,044	237,625	5,686	0	-	-	-	-
Purchase of short-term investments
-	-	-	100,000	0	0	-	-	-	-	-	-
Proceeds from sale of joint venture interests
-	-	-	-	-	-	-	-	19,310	0	-	-
Proceeds from sale of available-for-sale investment
-	-	-	-	-	-	-	-	4,510	0	-	-
Payments received on notes receivable - other
-	-	-	-	-	-	-	-	-	-	8,710	2,855
Decrease in notes receivable - affiliates
-	-	-	-	-	-	-	-	-3,279	-637	7,332	3,487
Proceeds from partial sales of assets to joint ventures
-	-	-	-	-	-	-	-	-	-	-	52,509
Investments in joint ventures
-	-	-	-	-	-	-	7,006	46,037	6,467	23,159	10,444
Decrease in notes receivable - affiliates
-	-	-	-	-	-	-	-	-	-	1,978	-
Proceeds from sale of land and discontinued operations
-	-	-	-	-	-	-	-	57,312	102,819	28,078	-123,513
Distributions from investments in joint ventures
-	-	-	-	-	6,350	11,295	17,417	6,005	28	161	-
Increase in non-real estate assets
17,197	14,503	5,128	2,580	-	-	17,497	4,787	2,422	-	-	-
Decrease (increase) in notes receivable
-1,394	-9,475	1,988	4,063	-	-	-	-	-	-	-	-
Maturity of short-term investments
0	0	100,000	0	0	-	-	-	-	-	-	-
Other
351	-2,046	2,187	-3,161	12,705	4,945	1,300	4,050	1,566	-1,872	5,173	3,051
Net cash from continuing investing activities
-	-	-	69,320	-279,460	-320,354	-	-	-	-	-	-
Proceeds from discontinued operations, including land
-	-	-	622,982	0	0	323,755	226,869	-	-	-	-
Net cash from discontinued investing activities
-	-	-	-1,890	-13,775	-6,233	-	-	-	-	-	-
Net cash from investing activities
-792,445	-640,921	-189,754	690,412	-293,235	-326,587	-258,985	-527,685	-187,364	35,150	-69,516	-37,374
Cash flows from financing activities
Borrowings on unsecured credit facility and other short-term borrowings
1,217,000	342,000	465,000	1,305,000	1,466,000	2,246,000	952,900	603,000	8,000	37,000	-	30,000
Repayments on unsecured credit facility and other short-term borrowings
1,173,000	342,000	465,000	1,549,000	1,222,000	2,246,000	952,900	603,000	8,000	37,000	145,000	0
Repayment of notes payable
746,730	381,438	278,999	3,077	253,043	36,340	230,288	567,575	627,623	306,692	503,705	379,213
Proceeds from notes payable
889,979	495,545	0	0	-	248,078	249,535	346,308	495,705	57,748	440,840	385,927
Distributions to common shareholders and non-controlling interests
317,253	298,005	280,761	663,363	253,129	236,514	220,083	189,018	152,242	135,626	152,687	172,332
Net decrease in accounts receivable - affiliates
-	-	-	-	-	-	-5,901	2,586	-860	-4,217	-909	929
Proceeds from issuance of common shares
353,213	0	445,038	0	0	66,225	40,044	693,355	106,571	231,651	272,112	0
Redemption of perpetual preferred units
-	-	-	-	-	-	-	100,000	0	0	-	-
Noncontrolling Interest, Increase from Business Combination
-	-	-	0	9,500	0	0	16,482	0	0	-	33,133
Payment of deferred financing costs
5,965	914	978	-	-	-	-	3,737	9,288	6,564	5,124	4,321
Repurchase of common shares and redemption of units
0	14,668	0	-	-	-	-	-	-	-	-	-
Common share options exercised
-	-	-	-	-	-	-	13,038	11,397	1,435	620	-
Other
3,500	2,452	2,777	6,203	-1,559	2,033	710	1,625	1,734	1,064	612	927
Net cash from financing activities
220,744	-197,028	-112,923	-904,237	-273,231	43,482	-154,181	174,928	-172,886	-152,767	-91,423	-173,074
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]
Net increase (decrease) in cash, cash equivalents, and restricted cash
-16,104	-334,202	131,979	229,238	-143,228	135,423	-8,875	-28,490	-115,416	106,419	56,749	6,510
Supplemental information
Cash paid for interest, net of interest capitalized
71,248	81,299	88,654	93,302	96,179	86,711	98,101	106,405	114,615	128,742	134,266	136,172
Cash paid for income taxes
1,291	1,951	1,705	2,424	1,889	1,658	2,114	1,561	2,664	1,169	1,654	1,651
Supplemental schedule of noncash investing and financing activities
Distributions declared but not paid
80,973	74,982	72,943	69,161	64,275	-	-	-	-	-	-	-
Value of shares issued under benefit plans, net of cancellations
18,249	17,253	18,061	19,006	18,336	19,310	20,195	20,933	18,629	14,401	6,653	10,766
Net change in redemption of non-qualified share awards
-	-	-	-	-	-	9,443	0	0	-	-	-
Conversion of operating partnership units to common shares
-	-	-	-	-	-	-	9,143	592	3,536	-3,753	15,793
Accrual associated with construction and capital expenditures
27,162	35,588	19,016	22,762	24,175	22,456	21,071	18,993	16,754	6,590	5,189	24,167
Right-of-use assets obtained in exchange for the use of new operating lease liabilities
15,017	0	0	-	-	-	-	-	-	-	-	-
Conversion of mezzanine notes to joint venture equity
-	-	-	-	-	-	-	-	-	43,279	18,496	0
Change of fair value of available-for-sale investments, net of tax
-	-	-	-	-	-	-	-	-	3,306	-	0
Real estate assets
-	-	-	-	-	-	-	-	-	238,885	-	0
In-place leases
-	-	-	-	-	-	-	-	-	4,962	-	0
Other assets
-	-	-	-	-	-	-	-	-	1,135	-	0
Mortgage debt assumed
-	-	-	-	-	-	-	298,807	0	188,119	-	0
Other liabilities assumed
-	-	-	-	-	-	-	6,976	0	3,197	-	-
Debt disposed of through disposition
-	-	-	-	-	-	-	-	-	-	-	14,010
Contribution of real estate assets to joint ventures
-	-	-	-	-	-	-	-	-	-	-	10,523
Other liabilities
-	-	-	-	-	-	-	-	-	-	-	0