Camden property trust (CPT)
CashFlow / Quarterly
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'10Sep'10Jun'10Mar'10
Cash flows from operating activities
Net income

44,467

96,225

44,782

43,542

39,721

40,307

39,990

39,872

40,525

89,082

35,475

40,314

35,989

42,080

303,421

449,785

42,940

61,802

38,194

37,201

121,065

184,624

39,333

36,284

41,073

135,119

71,802

74,937

64,433

146,146

31,803

22,847

93,104

50,064

14,351

-14,055

9,601

19,281

3,832

4,248

3,781

Net income from discontinued operations, including gain on sale

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

377,766

5,076

4,918

4,907

5,056

4,869

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

91,859

85,540

85,814

84,646

80,274

78,677

76,476

75,569

70,224

68,193

67,014

65,033

63,734

62,767

62,832

62,456

62,091

61,684

61,336

59,940

57,984

47,527

59,179

57,953

57,396

57,970

55,788

54,315

53,470

53,449

52,809

53,310

50,304

45,058

44,563

45,577

46,593

45,046

43,432

42,480

43,507

Gain (Loss) on Extinguishment of Debt

-

-

-

-

-

-

-

-

-

0

0

0

-323

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Disposition of Assets

382

-

-

-

0

-

-

-

-

-

-

-

-

0

262,719

32,235

443

19,096

0

0

85,192

155,680

1,808

1,447

354

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on acquisition of controlling interest in joint ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,227

0

0

40,191

0

0

0

0

-

-

-

-

Gain on sale of discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

91,101

34,410

24,866

31,783

82,527

0

0

32,541

24,621

0

0

0

-

-

-

-

Gain on sale of land

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

698

-

0

0

0

-

-

-

-

-

-

-

-

Gain on sale of unconsolidated joint venture interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,136

-

-

0

0

Gain on sale of available-for-sale investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

4,301

-

-

-

0

Distributions of income from joint ventures

2,010

8,889

2,152

1,888

1,914

2,163

1,914

1,844

1,815

2,060

1,233

1,838

1,720

2,051

1,844

1,679

1,483

1,688

1,607

1,889

1,203

1,106

1,132

1,288

3,873

949

2,037

4,599

1,299

3,257

957

1,083

1,024

1,656

1,492

860

1,321

2,654

1,356

1,178

1,336

Income (Loss) from Equity Method Investments

2,100

-

-

-

1,900

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity in income of joint ventures

-

-

-

-

-

2,236

1,900

1,871

1,829

1,943

1,255

1,785

1,817

2,073

1,866

1,689

1,497

1,681

1,574

1,531

1,382

1,134

863

736

4,290

4,207

1,926

17,798

934

15,489

3,688

632

366

5,845

-556

16

374

-54

-244

-436

-105

Share-based compensation

3,433

3,052

3,648

4,505

4,030

4,412

4,131

4,023

4,183

4,299

4,353

4,446

4,449

4,612

5,144

5,608

4,759

4,662

4,580

4,513

3,919

3,650

4,035

4,241

3,626

3,381

3,713

3,695

3,274

3,136

3,472

3,473

3,005

2,785

3,251

3,226

2,777

2,804

2,735

2,637

3,130

Net change in operating accounts and other

-28,681

191

55,501

13,778

-31,376

-11,475

24,099

24,693

-27,764

-17,653

23,604

20,616

-31,413

-23,885

26,732

14,354

-16,920

-8,141

15,824

11,616

-25,060

45,744

-31,164

-428

8,146

47,201

-30,696

-379

5,107

17,360

-22,867

15,894

-528

26,176

-20,486

2,178

1,601

17,128

-17,570

-14,899

10,833

Amortization of deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

836

816

841

-

875

898

916

887

909

900

912

1,116

1,344

1,890

1,527

1,478

1,185

713

726

Net cash from continuing operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

85,552

135,388

122,192

87,337

96,000

115,060

108,572

67,668

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash from discontinued operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

0

57

3,364

9,173

9,585

7,971

9,514

8,868

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash from operating activities

110,584

147,162

189,764

126,020

92,651

127,797

144,667

144,129

87,154

100,785

130,424

130,462

72,985

85,552

135,445

125,556

96,510

105,585

123,031

118,086

76,536

91,522

133,008

99,979

94,019

94,687

128,575

96,159

84,870

74,272

109,129

65,087

75,779

44,037

86,043

60,347

54,407

45,575

78,486

58,223

41,752

Cash flows from investing activities
Development and capital improvements, including land

109,554

106,897

93,937

127,226

79,498

86,890

94,794

105,718

71,828

79,269

71,789

85,245

62,783

80,283

104,191

85,413

73,065

83,547

95,422

136,585

96,245

106,368

122,771

157,900

110,085

111,479

87,879

99,067

58,390

87,998

61,767

80,694

60,269

72,678

87,491

44,445

23,141

19,812

16,035

16,829

11,063

Acquisition of operating properties

0

222,072

0

119,348

94,885

0

88,106

0

201,899

0

0

58,267

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

160,142

133,975

75,177

96,106

-

-

-

-

-

-

-

-

Proceeds from sale of land

753

-

-

-

0

-

-

-

-

-

-

-

-

0

475,624

38,130

2,000

32,864

0

0

112,180

215,019

8,900

7,957

5,749

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of joint venture interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

19,310

-

-

-

0

Proceeds from sale of available-for-sale investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

4,510

-

-

-

0

Decrease in notes receivable - affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-3,279

-100

-390

11

-158

Investments in joint ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

300

1,050

0

5,656

10,757

169

22,791

12,320

1,373

4,746

67

281

Acquisition of operating properties, including joint venture interests, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

Proceeds from sale of land and discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

53,980

39,802

68,237

-

0

0

54,125

38,217

0

19,095

0

-

-

-

-

Distributions from investments in joint ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-221

718

0

5,853

5,201

1,531

4,287

276

8,187

5,200

1,410

2,620

3,552

1,245

0

1,208

0

0

8

20

Increase in non-real estate assets

3,006

3,404

4,138

7,135

2,520

2,067

3,845

6,312

2,279

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,394

10,776

3,242

1,085

-

-

-

-

-

-

-

-

-

-

-

-

Maturity of short-term investments

-

-

-

-

-

-

-

-

-

0

0

0

100,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

1,869

-419

1,275

-359

-146

173

-1,421

-349

-449

4,087

-2,204

-2,138

2,442

-7,974

-218

1,774

3,257

5,040

4,110

3,271

284

423

2,736

1,043

743

174

1,154

-987

959

655

4,021

-809

183

-2,898

2,232

1,610

622

-4,412

1,298

713

529

Net cash from continuing investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-78,952

271,651

-49,057

-74,322

-55,723

-99,639

-139,749

15,651

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash from discontinued investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,781

-3,671

-5,629

-3,055

-3,582

-1,509

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash from investing activities

-113,676

-262,961

-99,377

-253,350

-176,757

-89,130

-164,553

-111,681

-275,557

-9,724

-70,982

-143,823

34,775

-78,952

271,651

575,706

-77,993

-61,352

-102,694

-143,331

14,142

39,514

-115,889

-150,986

-99,226

112,280

-214,565

-164,779

8,079

-69,242

-197,446

-155,528

-105,469

-41,190

-88,647

-49,751

-7,776

85,209

-21,689

-16,675

-11,695

Cash flows from financing activities
Borrowings on unsecured credit facility and other short-term borrowings

253,000

50,000

0

529,000

638,000

280,000

62,000

0

0

-

-

-

-

0

0

339,000

966,000

738,000

542,000

186,000

0

74,000

1,112,000

750,000

310,000

502,000

311,900

139,000

0

524,000

36,000

0

43,000

8,000

0

0

0

-

-

-

-

Repayments on unsecured credit facility and other short-term borrowings

171,000

6,000

0

771,000

396,000

334,000

8,000

0

0

-

-

-

-

0

0

624,000

925,000

717,000

501,000

3,286

714

74,000

1,292,000

630,000

250,000

685,000

169,900

98,000

0

558,000

2,000

0

43,000

8,000

0

0

0

-

-

-

-

Repayment of notes payable

0

306,627

251

249

439,603

380,366

359

355

358

350

344

247,091

31,214

787

920

760

610

-

-

-

-

700

24,624

9,929

1,087

201,071

1,051

1,044

27,122

221,983

36,889

34,894

273,809

1,191

1,160

536,144

89,128

114,445

135,292

835

56,120

Proceeds from notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

147

53,381

2,459

1,761

Distributions to common shareholders and non-controlling interests

80,973

80,764

80,766

80,741

74,982

74,976

75,070

75,016

72,943

72,930

69,344

69,326

69,161

82,821

447,273

69,020

64,249

64,253

64,253

64,237

60,386

60,230

59,769

59,728

56,787

56,793

56,821

56,528

49,941

50,377

49,783

47,594

41,264

39,310

38,966

38,666

35,300

34,574

34,397

33,500

33,155

Net decrease in accounts receivable - affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,579

250

200

326

-6,677

4,751

-1,066

195

-1,294

-360

994

428

-1,922

-374

276

-664

-3,455

Proceeds from issuance of common shares

0

24,813

0

26

328,374

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-54

-84

30,816

9,366

-20

88,916

168,548

435,911

36,708

32,737

33,331

3,795

97,034

28,195

89,222

17,200

Redemption of perpetual preferred units

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

100,000

0

0

0

0

-

-

-

-

Noncontrolling Interest, Increase from Business Combination

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

9,500

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of deferred financing costs

407

-44

667

57

5,285

162

269

235

248

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

310

211

306

2,980

317

218

222

512

3,893

3,882

1,001

36

5,954

231

343

Other

1,617

2,311

-721

164

1,746

305

1,190

373

584

1,550

30

704

493

4,236

-106

1,006

1,067

218

-2,489

355

357

1,294

-1,281

1,544

476

-608

591

-623

1,350

-129

907

-1,476

2,323

28

685

-256

1,277

-83

-670

275

1,542

Net cash from financing activities

2,237

-19,627

-82,405

270,526

52,250

-13,654

-35,176

-75,233

-72,965

-72,708

275,380

-215,713

-99,882

-83,207

-447,950

-350,288

-22,792

-43,918

-26,470

-132,600

-70,243

-43,946

32,939

50,308

4,181

-193,880

84,191

15,484

-59,976

16,049

41,781

92,865

24,233

-3,787

-4,445

-46,219

-118,435

-51,280

-93,881

58,054

-65,660

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]
Net increase (decrease) in cash, cash equivalents, and restricted cash

-855

-135,426

7,982

143,196

-31,856

25,013

-55,062

-42,785

-261,368

18,353

334,822

-229,074

7,878

-76,607

-40,854

350,974

-4,275

315

-6,133

-157,845

20,435

87,090

50,058

-699

-1,026

13,087

-1,799

-53,136

32,973

21,079

-46,536

2,424

-5,457

-940

-7,049

-35,623

-71,804

79,504

-37,084

99,602

-35,603

Supplemental information
Cash paid for interest, net of interest capitalized

17,581

21,455

8,220

27,576

13,997

22,702

17,588

24,308

16,701

24,199

17,580

31,108

15,767

30,307

15,926

30,517

16,552

30,431

16,033

35,295

14,420

34,638

11,376

35,390

5,307

41,601

6,381

42,959

7,160

45,285

7,816

44,671

8,633

45,572

9,334

40,357

19,352

41,626

22,508

41,602

23,006

Cash paid for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13

98

1,438

12

761

24

1,338

541

-111

59

1,198

23

Supplemental schedule of noncash investing and financing activities
Distributions declared but not paid

84,112

209

-3

-4

80,771

6

-95

-12

75,083

-19

3,615

111

69,236

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Value of shares issued under benefit plans, net of cancellations

18,412

-139

-166

1,624

16,930

-588

-147

1,517

16,471

-93

8

1,212

16,934

-97

-77

1,635

17,545

-153

-63

1,255

17,297

95

-418

1,131

18,502

-360

-2,485

229

22,811

-293

-153

1,324

20,055

-283

107

659

18,146

-64

-48

804

13,709

Net change in redemption of non-qualified share awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,412

-

-2,620

3,467

10,694

-3,353

12,796

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Conversion of operating partnership units to common shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,696

0

-1

448

0

0

588

4

5,668

-3,469

187

1,150

Accrual associated with construction and capital expenditures

24,017

8,688

-14,806

11,100

22,180

9,381

481

2,522

23,204

1,511

-300

1,120

16,685

428

-4,370

-3,453

30,157

6,735

-4,070

-4,127

25,637

187

-2,903

3,061

22,111

-431

2,406

9,978

9,118

4,565

398

1,526

12,504

4,197

1,148

6,422

4,987

2,450

803

1,076

2,261

Right-of-use assets obtained in exchange for the use of new operating lease liabilities

69

-649

-583

-564

16,813

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assets acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

Mortgage debt assumed

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

26,201

0

0

272,606

0

0

0

0

-

-

-

-

Other liabilities assumed

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

336

1,145

874

4,621

0

0

0

0

-

-

-

-