CUBESMART CUBE Cash Flow

Cubesmart (CUBE)

CashFlow / Quarterly

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
Operating Activities
Net income
38,317	42,510	42,597	49,878	35,786	48,636	43,302	38,751	34,799	39,858	37,709	32,838	25,206	27,047	25,091	20,383	15,855	37,741	18,620	13,873	8,522	5,542	8,591	7,993	4,576	23,253	16,601	2,568	-428	1,480	2,051	3,355	-3,258	-7,545	7,928	1,588	476
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization
41,592	41,800	44,066	41,434	39,066	38,677	35,817	35,624	35,545	35,434	36,548	37,512	38,825	39,940	42,482	42,059	39,961	37,646	39,281	38,745	38,441	37,129	32,188	31,030	28,656	27,261	29,710	29,738	30,365	32,661	30,615	27,811	27,486	22,311	16,960	17,223	17,208
Equity in losses (earnings) of real estate ventures
-5	182	152	10,527	261	-80	-292	-309	-184	-81	-280	-253	-772	-845	-581	-724	-512	-212	139	-100	-238	-1,297	-1,860	-1,729	-1,369	-	-	-	-	0	-284	-210	-251	-	-	-	-
Gains from sale of real estate, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17,902	9,310	0	228	-	-	-	-	-	-	-	-
Equity compensation expense
1,871	1,704	1,676	1,695	1,619	1,376	1,382	1,222	1,592	1,407	1,406	1,418	1,355	1,236	1,210	1,213	1,191	2,472	795	1,000	-545	1,320	1,037	-985	363	1,566	1,484	1,538	1,029	1,481	1,431	1,155	483	966	756	900	582
Accretion of fair market value adjustment of debt
176	177	181	181	179	182	184	186	183	186	148	96	129	225	409	268	236	256	370	408	395	438	447	1,151	-351	1,770	-264	-241	-247	-246	-219	-181	-61	-20	-12	-38	-19
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-132	-505	233	-236	-317	-478	288	-704	646	-379	26	-49	544	-405	-657	-238	-13	-3,192	-102	-85	1,520	183	-765
Changes in other operating accounts:
Other assets
-2,743	-1,516	5,706	-824	3,212	-828	1,583	2,830	1,352	351	4,789	3,663	1,626	-1,604	3,203	4,438	-808	-758	-619	4,032	-136	-1,744	-417	3,500	-2,147	-604	-373	3,025	-892	-549	2,547	-1,108	1,235	-1,225	-1,451	3,170	91
Accounts payable and accrued expenses
-3,743	-13,294	-73	17,603	1,806	-8,168	505	15,874	-5,558	-7,742	5,815	10,178	2,595	-9,699	11,670	878	5,013	-6,524	2,780	6,705	-3,399	168	4,721	4,610	-6,800	3,013	452	7,499	-6,400	-495	9,812	1,371	-3,789	-2,196	4,218	4,596	-3,984
Other liabilities
340	-453	361	1,080	833	-898	-651	786	1,105	-249	-207	701	909	-122	-89	999	661	63	-100	802	715	-366	-368	666	647	-172	78	368	821	99	-746	27	774	-885	-22	-81	310
Net cash provided by operating activities
80,949	71,916	82,588	101,806	75,458	69,773	78,880	89,550	66,132	68,252	76,614	79,141	67,907	60,222	77,465	62,055	63,532	54,781	61,803	57,263	43,425	47,100	47,353	40,998	30,581	38,971	38,580	38,850	26,461	32,359	33,474	31,842	20,753	19,952	26,208	22,920	15,247
Investing Activities
Acquisitions of storage properties
9,090	54,499	18,082	20,320	25,097	131,111	58,470	20,895	4,034	55,754	466	12,809	600	74,687	78,377	77,120	158,457	113,874	76,225	44,280	41,347	291,650	44,143	135,103	76,619	48,569	39,300	86,886	6,857	25,282	108,731	36,938	49,840	-	-	-	-
Additions and improvements to storage properties
11,923	9,049	12,036	10,331	6,153	8,452	6,515	7,265	5,394	4,893	7,115	8,699	6,671	6,600	9,811	6,652	6,609	6,359	6,462	6,926	4,948	7,097	4,389	3,369	5,112	6,623	4,298	5,170	4,229	6,140	7,068	5,720	3,467	-	-	-	-
Development costs
9,709	8,575	22,567	21,936	49,748	16,287	16,514	13,538	39,663	15,065	28,961	8,896	15,856	2,776	39,640	66,223	28,273	22,916	21,373	27,871	9,155	6,539	4,334	5,205	7,488	28,330	8,092	14,902	2,655	-	-	-	-	-	-	-	-
Investment in real estate ventures
-5,877	-3,706	-3,392	-3,059	-107	-62	-5,007	-3,827	-10,320	-110	-68	-7	-116	-4,265	-325	-2,088	-5,498	-	-	-	-	-	-600	-700	-1,050	-	-	-	-	-	-	-	-	-	-	-	-
Cash distributed from real estate ventures
-	-	-	-	-	-	-	-	-	-	2,090	1,933	2,090	-	2,254	1,925	1,791	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisitions of storage facilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25,599	48,336	8,043
Proceeds from sale of real estate, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	88,180	24,607	0	10,993	23,101	6,867	22,518	144	-	-	-	-
Proceeds from notes receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	5,192	-	-	-	-	-	-	-	-
Change in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-833	25	-162	30	-162	32	31	-245	21	2	-306	-152	-856	-539	71	-1,271	-36	-1,787	-2	-130	-39	-48	127
Cash distributed from real estate ventures
1,815	1,583	1,646	1,795	2,072	2,287	2,173	1,989	2,257	9,670	2,090	1,933	2,090	-	-	-	-	-	-	1,447	1,553	1,515	1,432	52,425	1,524	-	-	-	-	0	276	267	366	-	-	-	-
Net cash used in investing activities
-34,784	-70,390	-54,431	-171,810	-79,033	-137,236	-84,333	-43,536	-57,154	-66,152	-34,520	-28,478	-21,153	-87,155	-125,066	-150,183	-196,884	-136,705	-102,213	-81,762	-53,928	-303,726	-52,055	-78,479	-88,439	-152,651	-26,227	-106,419	2,373	-11,277	-189,778	-18,086	-52,795	-387,467	1,825	-48,288	-8,170
Financing Activities
Proceeds from:
Unsecured senior notes
-	348,680	0	0	347,746	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revolving credit facility
5,127	3,302	234,610	342,381	279,020	227,075	201,435	94,325	156,700	178,500	144,600	158,300	147,000	128,200	174,900	353,800	301,300	59,520	293,100	216,800	161,900	134,500	130,800	249,700	197,500	285,600	121,400	168,600	60,600	59,700	97,000	161,200	85,100	138,000	31,500	73,200	14,000
Mortgage loans and notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	3,537
Principal payments on:
Revolving credit facility
5,127	241,282	253,780	285,314	378,400	125,800	154,885	183,025	102,000	163,500	137,900	151,300	137,300	84,900	324,900	258,100	247,000	227,320	286,900	135,200	159,900	56,500	187,700	263,400	165,500	335,300	143,100	88,600	75,600	80,200	31,500	211,200	35,100	138,000	40,500	104,700	16,500
Unsecured term loans
-	0	0	0	200,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage loans and notes payable
633	625	9,642	684	701	679	658	648	7,831	644	622	589	6,811	612	22,989	4,103	9,556	7,976	21,478	54,168	1,283	19,560	7,936	1,344	1,309	14,644	8,500	11,768	1,584	29,888	30,489	168,182	7,781	1,488	1,416	34,829	1,588
Loan procurement costs
-	2,919	78	392	2,634	-	-	-	-	-	-	-	-	-	-	-	-	2,150	0	2,264	19	0	217	0	57	-	-	-	-	-	-	-	-	3,388	-6	2,119	-17
Settlement of hedge transactions
-	0	0	0	807	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of noncontrolling interest in subsidiary, net
-	369	2,618	27,618	5,172	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of common shares, net
-	-	-	-	-	-	-	-	-	-	-41	-105	-72	-29	47,548	25,712	62,891	97,399	80,185	27,036	29,442	180,041	109,842	79,960	46,163	47,790	32,112	18,874	1,514	-	-	-	-	-	-	-	-
Cash paid upon vesting of restricted OP units
631	21	22	25	353	12	25	13	1,411	12	18	15	2,001	7	21	11	1,599	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Exercise of stock options
-	-	-	-	-	-	-	-	-	-	771	64	30	710	374	6,312	5,887	4,093	4,037	921	8,438	11,536	1,299	407	560	1,223	1,209	493	785	268	389	204	768	0	0	61	60
Contributions from noncontrolling interests in subsidiaries
-	-	-	-	-	8	74	105	738	341	172	135	410	-	-	-	-	0	0	0	178	47	47	33	515	-	-	-	-	-	-	-	-	-2	-4	-5	12
Distributions paid to noncontrolling interests in subsidiaries
59	46	68	8	66	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	377	1,159	1,149	1,147	1,159	1,148	1,145
Distributions paid to common OP unitholders
64,036	62,048	61,432	60,374	60,005	55,971	55,842	54,769	54,746	48,899	48,710	48,707	48,690	37,814	37,482	37,254	36,730	27,387	26,819	26,613	26,274	20,005	19,162	18,525	18,157	15,066	14,835	14,703	14,555	10,255	9,857	9,835	9,808	6,976	6,962	6,971	6,940
Distributions paid to preferred OP unitholders
-	-	-	-	-	-	-	-	-	-	-	-	-	2,039	1,502	1,502	1,502	1,502	1,502	1,502	1,502	1,502	1,502	1,502	1,502	1,502	1,502	1,502	1,502	1,502	1,502	1,502	1,218	-	-	-	-
Distributions paid to noncontrolling interests in Operating Partnership
-	-	-	-	-	-	-	-	-	-	668	548	549	467	467	453	454	354	362	361	361	294	294	294	296	245	218	288	362	352	353	375	374	321	304	365	332
Net cash (used in) provided by financing activities
-66,127	44,067	-30,692	78,846	3,634	67,466	2,408	-45,472	-9,154	-3,361	-43,916	-48,059	-47,983	-74,180	131,557	88,797	73,237	141,775	40,261	24,649	10,619	228,263	25,177	45,035	57,917	113,916	-13,434	68,965	-30,704	-19,294	21,215	116,575	30,438	364,093	-17,387	23,124	-8,879
Cash paid for acquisition of noncontrolling interest
-	369	2,618	27,618	5,172	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in cash, cash equivalents and restricted cash
-19,962	45,593	-2,535	8,842	59	3	-3,045	542	-176	-1,261	-1,822	2,604	-1,229	-101,113	83,956	669	-60,115	59,851	-149	150	116	-28,363	20,475	7,554	59	236	-1,081	1,396	-1,870	1,788	-135,089	130,331	-1,604	-3,422	10,646	-2,244	-1,802
Supplemental Cash Flow and Noncash Information
Cash paid for interest, net of interest capitalized
23,652	16,107	20,956	16,302	15,918	18,035	15,693	17,803	15,298	16,933	15,064	15,532	15,878	14,975	11,231	16,123	10,756	10,649	11,674	11,778	12,115	11,784	13,036	12,385	12,819	6,980	13,628	8,163	14,359	7,853	7,695	9,443	8,587	8,466	8,429	8,212	8,158
Supplemental disclosure of noncash activities:
Mortgage loan assumptions
-	-	-	-	-	0	0	0	7,166	-	-	-	-	-	-	-	-	0	0	0	2,695	0	0	0	27,467	-	-	-	-	0	44,544	25,506	36,961	13,922	-38	-78	8,021
Accretion of put liability
896	1,224	-637	1,238	4,070	3,870	6,805	6,806	7,266	9,527	9,527	8,034	8,034	8,033	19,219	-3,712	7,886	5,508	3,994	3,808	3,619	3,620	1,786	1,785	1,786	-	-	-	-	-	-	-	-	-	-	-	-
Derivative valuation adjustment
20	20	20	20	242	-1,039	0	685	-279	3,380	-307	-362	-836	-1,413	-1,393	-687	328	-2,648	245	-1,215	764	80	-2,598	646	-592	-1,649	1,118	-7,149	-1,222	-1,345	2,708	6,596	-688	-	-	-	-
Issuance of OP units
-	-	-	-	-	12,484	-1,460	-9,564	4,782	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted cash - acquisition of storage facilities
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-22,019	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreign currency translation adjustment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	35	-215	268	-337	-120	-483	354	74	-10	297	25	-256	21	132	-105	124	-1	-76	-24	252
Acquisition of noncontrolling interest in subsidiary
-	0	0	0	4,828	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contributions from noncontrolling interests in subsidiaries
-	0	2,500	0	4,828	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cubesmart, L P and Subsidiaries
Net income
38,317	42,510	42,597	49,878	35,786	48,636	43,302	38,751	34,799	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
41,592	41,800	44,066	41,434	39,066	38,677	35,817	35,624	35,545	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity in losses (earnings) of real estate ventures
-5	182	152	10,527	261	-80	-292	-309	-184	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity compensation expense
1,871	1,704	1,676	1,695	1,619	1,376	1,382	1,222	1,592	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accretion of fair market value adjustment of debt
176	177	181	181	179	182	184	186	183	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
-2,743	-1,516	5,706	-824	3,212	-828	1,583	2,830	1,352	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable and accrued expenses
-3,743	-13,294	-73	17,603	1,806	-8,168	505	15,874	-5,558	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
340	-453	361	1,080	833	-898	-651	786	1,105	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
80,949	71,916	82,588	101,806	75,458	69,773	78,880	89,550	66,132	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisitions of storage properties
9,090	54,499	18,082	20,320	25,097	131,111	58,470	20,895	4,034	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additions and improvements to storage properties
11,923	9,049	12,036	10,331	6,153	8,452	6,515	7,265	5,394	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Development costs
9,709	8,575	22,567	21,936	49,748	16,287	16,514	13,538	39,663	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in real estate ventures
-5,877	-3,706	-3,392	-3,059	-107	-62	-5,007	-3,827	-10,320	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash distributed from real estate ventures
1,815	1,583	1,646	1,795	2,072	2,287	2,173	1,989	2,257	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-34,784	-70,390	-54,431	-171,810	-79,033	-137,236	-84,333	-43,536	-57,154	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unsecured senior notes
-	348,680	0	0	347,746	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revolving credit facility
5,127	3,302	234,610	342,381	279,020	227,075	201,435	94,325	156,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revolving credit facility
5,127	241,282	253,780	285,314	378,400	125,800	154,885	183,025	102,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unsecured term loans
-	0	0	0	200,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage loans and notes payable
633	625	9,642	684	701	679	658	648	7,831	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan procurement costs
-	2,919	78	392	2,634	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Settlement of hedge transactions
-	0	0	0	807	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of noncontrolling interest in subsidiary, net
-	369	2,618	27,618	5,172	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of common OP units
-118	-29	61,232	110,521	24,580	23,494	12,913	95,466	-43	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid upon vesting of restricted OP units
631	21	22	25	353	12	25	13	1,411	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Exercise of OP unit options
-	20	1,655	962	1,049	0	52	3,781	2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contributions from noncontrolling interests in subsidiaries
-	-	-	-	-	8	74	105	738	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions paid to noncontrolling interests in subsidiaries
59	46	68	8	66	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions paid to common OP unitholders
64,686	62,644	62,029	60,977	60,628	56,585	56,444	55,383	55,309	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used in) provided by financing activities
-66,127	44,067	-30,692	78,846	3,634	67,466	2,408	-45,472	-9,154	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for acquisition of noncontrolling interest
-	369	2,618	27,618	5,172	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in cash, cash equivalents and restricted cash
-19,962	45,593	-2,535	8,842	59	3	-3,045	542	-176	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for interest, net of interest capitalized
23,652	16,107	20,956	16,302	15,918	18,035	15,693	17,803	15,298	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage loan assumptions
-	-	-	-	-	0	0	0	7,166	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accretion of put liability
896	1,224	-637	1,238	4,070	3,870	6,805	6,806	7,266	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Derivative valuation adjustment
-20	-20	-20	-20	-242	1,039	0	-127	-279	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of OP units
-	-	-	-	-	0	1,460	0	4,782	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of noncontrolling interest in subsidiary
-	0	0	0	4,828	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contributions from noncontrolling interests in subsidiaries
-	0	2,500	0	4,828	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-