CAMDEN PROPERTY TRUST CPT Cash Flow

Camden property trust (CPT)

CashFlow / TTM

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	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities
Net income
229,016	224,270	168,352	163,560	159,890	160,694	209,469	204,954	205,396	200,860	153,858	421,804	831,275	838,226	857,948	592,721	180,137	258,262	381,084	382,223	381,306	301,314	251,809	284,278	322,931	346,291	357,318	317,319	265,229	293,900	197,818	180,366	143,464	59,961	29,178	18,659	36,962	31,142	0	0	0
Net income from discontinued operations, including gain on sale
-	-	-	-	-	-	-	-	-	-	-	-	-	382,842	387,760	392,667	19,957	19,750	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization
347,859	336,274	329,411	320,073	310,996	300,946	290,462	281,000	270,464	263,974	258,548	254,366	251,789	250,146	249,063	247,567	245,051	240,944	226,787	224,630	222,643	222,055	232,498	229,107	225,469	221,543	217,022	214,043	213,038	209,872	201,481	193,235	185,502	181,791	181,779	180,648	177,551	174,465	0	0	0
Gain (Loss) on Extinguishment of Debt
-	-	-	-	-	-	-	-	-	-323	-323	-323	-323	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Disposition of Assets
0	-	-	-	0	-	-	-	-	-	-	-	-	295,397	314,493	51,774	19,539	104,288	240,872	242,680	244,127	159,289	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on acquisition of controlling interest in joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	57,418	40,191	40,191	40,191	0	0	0	0	-	-	-	-
Gain on sale of discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	182,160	173,586	139,176	114,310	115,068	57,162	57,162	57,162	24,621	0	0	0	-	-	-	-
Gain on sale of land
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-
Gain on sale of unconsolidated joint venture interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,136	0	0	0	-	-	0	0
Gain on sale of available-for-sale investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,301	0	0	0	-	-	-	0
Distributions of income from joint ventures
14,939	14,843	8,117	7,879	7,835	7,736	7,633	6,952	6,946	6,851	6,842	7,453	7,294	7,057	6,694	6,457	6,667	6,387	5,805	5,330	4,729	7,399	7,242	8,147	11,458	8,884	11,192	10,112	6,596	6,321	4,720	5,255	5,032	5,329	6,327	6,191	6,509	6,524	0	0	0
Income (Loss) from Equity Method Investments
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity in income of joint ventures
-	-	-	-	-	7,836	7,543	6,898	6,812	6,800	6,930	7,541	7,445	7,125	6,733	6,441	6,283	6,168	5,621	4,910	4,115	7,023	10,096	11,159	28,221	24,865	36,147	37,909	20,743	20,175	10,531	6,287	5,671	5,679	-220	92	-360	-839	0	0	0
Share-based compensation
14,638	15,235	16,595	17,078	16,596	16,749	16,636	16,858	17,281	17,547	17,860	18,651	19,813	20,123	20,173	19,609	18,514	17,674	16,662	16,117	15,845	15,552	15,283	14,961	14,415	14,063	13,818	13,577	13,355	13,086	12,735	12,514	12,267	12,039	12,058	11,542	10,953	11,306	0	0	0
Net change in operating accounts and other
40,789	38,094	26,428	-4,974	5,941	9,553	3,375	2,880	-1,197	-4,846	-11,078	-7,950	-14,212	281	16,025	5,117	2,379	-5,761	48,124	1,136	-10,908	22,298	23,755	24,223	24,272	21,233	-8,608	-779	15,494	9,859	18,675	21,056	7,340	9,469	421	3,337	-13,740	-4,508	0	0	0
Amortization of deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	3,576	3,610	3,612	3,608	3,837	4,272	5,262	5,877	6,239	6,080	4,903	4,102	0	0	0
Net cash from continuing operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	430,469	440,917	420,589	406,969	387,300	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash from discontinued operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	12,594	22,179	30,093	36,243	35,938	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash from operating activities
573,530	555,597	536,232	491,135	509,244	503,747	476,735	462,492	448,825	434,656	419,423	424,444	419,538	443,063	463,096	450,682	443,212	423,238	409,175	419,152	401,045	418,528	421,693	417,260	413,440	404,291	383,876	364,430	333,358	324,267	294,032	270,946	266,206	244,834	246,372	238,815	236,691	224,036	0	0	0
Cash flows from investing activities
Development and capital improvements, including land
437,614	407,558	387,551	388,408	366,900	359,230	351,609	328,604	308,131	299,086	300,100	332,502	332,670	342,952	346,216	337,447	388,619	411,799	434,620	461,969	483,284	497,124	502,235	467,343	408,510	356,815	333,334	307,222	288,849	290,728	275,408	301,132	264,883	227,755	174,889	103,433	75,817	63,739	0	0	0
Acquisition of operating properties
341,420	436,305	214,233	302,339	182,991	290,005	290,005	201,899	260,166	58,267	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	465,400	0	0	0	-	-	-	-	-	-	-	-
Proceeds from sale of land
0	-	-	-	0	-	-	-	-	-	-	-	-	515,754	548,618	72,994	34,864	145,044	327,199	336,099	344,056	237,625	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of joint venture interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19,310	0	0	0	-	-	-	0
Proceeds from sale of available-for-sale investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,510	0	0	0	-	-	-	0
Decrease in notes receivable - affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,279	-3,379	-3,769	-3,758	-637	0	0	0
Investments in joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,006	17,463	16,582	39,373	46,037	36,653	41,230	18,506	6,467	0	0	0
Acquisition of operating properties, including joint venture interests, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Proceeds from sale of land and discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	92,342	92,342	111,437	57,312	0	0	0	-	-	-	-
Distributions from investments in joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,350	11,772	12,585	16,872	11,295	14,281	17,950	15,073	17,417	12,782	8,827	7,417	6,005	2,453	1,208	1,216	28	0	0	0
Increase in non-real estate assets
17,683	17,197	15,860	15,567	14,744	14,503	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17,497	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Maturity of short-term investments
-	-	-	-	-	-	-	-	-	100,000	100,000	100,000	100,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
2,366	351	943	-1,753	-1,743	-2,046	1,868	1,085	-704	2,187	-9,874	-7,888	-3,976	-3,161	9,853	14,181	15,678	12,705	8,088	6,714	4,486	4,945	4,696	3,114	1,084	1,300	1,781	4,648	4,826	4,050	497	-1,292	1,127	1,566	52	-882	-1,779	-1,872	0	0	0
Net cash from continuing investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	69,320	92,549	-278,741	-369,433	-279,460	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash from discontinued investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-1,890	-7,519	-10,574	-15,937	-13,775	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash from investing activities
-729,364	-792,445	-618,614	-683,790	-542,121	-640,921	-561,515	-467,944	-500,086	-189,754	-258,982	83,651	803,180	690,412	708,012	333,667	-385,370	-293,235	-192,369	-205,564	-213,219	-326,587	-253,821	-352,497	-366,290	-258,985	-440,507	-423,388	-414,137	-527,685	-499,633	-390,834	-285,057	-187,364	-60,965	5,993	39,069	35,150	0	0	0
Cash flows from financing activities
Borrowings on unsecured credit facility and other short-term borrowings
832,000	1,217,000	1,447,000	1,509,000	980,000	342,000	0	0	0	-	-	-	-	1,305,000	2,043,000	2,585,000	2,432,000	1,466,000	802,000	1,372,000	1,936,000	2,246,000	2,674,000	1,873,900	1,262,900	952,900	974,900	699,000	560,000	603,000	87,000	51,000	51,000	8,000	0	0	0	-	-	-	-
Repayments on unsecured credit facility and other short-term borrowings
948,000	1,173,000	1,501,000	1,509,000	738,000	342,000	0	0	0	-	-	-	-	1,549,000	2,266,000	2,767,000	2,146,286	1,222,000	579,000	1,370,000	1,996,714	2,246,000	2,857,000	1,734,900	1,202,900	952,900	825,900	658,000	560,000	603,000	53,000	51,000	51,000	8,000	0	0	0	-	-	-	-
Repayment of notes payable
307,127	746,730	820,469	820,577	820,683	381,438	1,422	1,407	248,143	278,999	279,436	280,012	33,681	3,077	0	0	0	-	-	-	-	36,340	236,711	213,138	204,253	230,288	251,200	287,038	320,888	567,575	346,783	311,054	812,304	627,623	740,877	875,009	339,700	306,692	0	0	0
Proceeds from notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	57,748	0	0	0
Distributions to common shareholders and non-controlling interests
323,244	317,253	311,465	305,769	300,044	298,005	295,959	290,233	284,543	280,761	290,652	668,581	668,275	663,363	644,795	261,775	256,992	253,129	249,106	244,622	240,113	236,514	233,077	230,129	226,929	220,083	213,667	206,629	197,695	189,018	177,951	167,134	158,206	152,242	147,506	142,937	137,771	135,626	0	0	0
Net decrease in accounts receivable - affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-803	-5,901	-1,400	-2,666	-2,797	2,586	-2,525	-465	-232	-860	-874	-1,592	-2,684	-4,217	0	0	0
Proceeds from issuance of common shares
24,839	353,213	328,400	328,400	328,374	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	40,044	40,078	129,078	266,810	693,355	730,083	673,904	538,687	106,571	166,897	162,355	218,246	231,651	0	0	0
Redemption of perpetual preferred units
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100,000	100,000	100,000	100,000	0	0	0	0	-	-	-	-
Noncontrolling Interest, Increase from Business Combination
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,500	9,500	9,500	9,500	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of deferred financing costs
1,087	5,965	6,171	5,773	5,951	914	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,807	3,814	3,821	3,737	1,269	4,845	8,509	9,288	8,812	10,873	7,222	6,564	0	0	0
Other
3,371	3,500	1,494	3,405	3,614	2,452	3,697	2,537	2,868	2,777	5,463	5,327	5,629	6,203	2,185	-198	-849	-1,559	-483	725	1,914	2,033	131	2,003	-164	710	1,189	1,505	652	1,625	1,782	1,560	2,780	1,734	1,623	268	799	1,064	0	0	0
Net cash from financing activities
170,731	220,744	226,717	273,946	-71,813	-197,028	-256,082	54,474	-86,006	-112,923	-123,422	-846,752	-981,327	-904,237	-864,948	-443,468	-225,780	-273,231	-273,259	-213,850	-30,942	43,482	-106,452	-55,200	-90,024	-154,181	55,748	13,338	90,719	174,928	155,092	108,866	-30,218	-172,886	-220,379	-309,815	-205,542	-152,767	0	0	0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]
Net increase (decrease) in cash, cash equivalents, and restricted cash
14,897	-16,104	144,335	81,291	-104,690	-334,202	-340,862	49,022	-137,267	131,979	37,019	-338,657	241,391	229,238	306,160	340,881	-167,938	-143,228	-56,453	-262	156,884	135,423	61,420	9,563	-42,874	-8,875	-883	-45,620	9,940	-28,490	-50,509	-11,022	-49,069	-115,416	-34,972	-65,007	70,218	106,419	0	0	0
Supplemental information
Cash paid for interest, net of interest capitalized
74,832	71,248	72,495	81,863	78,595	81,299	82,796	82,788	89,588	88,654	94,762	93,108	92,517	93,302	93,426	93,533	98,311	96,179	100,386	95,729	95,824	86,711	93,674	88,679	96,248	98,101	101,785	103,220	104,932	106,405	106,692	108,210	103,896	114,615	110,669	123,843	125,088	128,742	0	0	0
Cash paid for income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,561	2,309	2,235	2,135	2,664	1,792	1,827	1,687	1,169	0	0	0
Supplemental schedule of noncash investing and financing activities
Distributions declared but not paid
84,314	80,973	80,770	80,678	80,670	74,982	74,957	78,667	78,790	72,943	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Value of shares issued under benefit plans, net of cancellations
19,731	18,249	17,800	17,819	17,712	17,253	17,748	17,903	17,598	18,061	18,057	17,972	18,395	19,006	18,950	18,964	18,584	18,336	18,584	18,229	18,105	19,310	18,855	16,788	15,886	20,195	20,262	22,594	23,689	20,933	20,943	21,203	20,538	18,629	18,848	18,693	18,838	14,401	0	0	0
Net change in redemption of non-qualified share awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	8,188	23,604	20,137	9,443	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Conversion of operating partnership units to common shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,143	447	447	1,036	592	6,260	2,791	2,390	3,536	0	0	0
Accrual associated with construction and capital expenditures
28,999	27,162	27,855	43,142	34,564	35,588	27,718	26,937	25,535	19,016	17,933	13,863	9,290	22,762	29,069	29,369	28,695	24,175	17,627	18,794	25,982	22,456	21,838	27,147	34,064	21,071	26,067	24,059	15,607	18,993	18,625	19,375	24,271	16,754	15,007	14,662	9,316	6,590	0	0	0
Right-of-use assets obtained in exchange for the use of new operating lease liabilities
-1,727	15,017	15,666	16,249	16,813	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Assets acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Mortgage debt assumed
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	298,807	272,606	272,606	272,606	0	0	0	0	-	-	-	-
Other liabilities assumed
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,976	6,640	5,495	4,621	0	0	0	0	-	-	-	-