COUSINS PROPERTIES INC CUZ Cash Flow

Cousins properties inc (CUZ)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
152,683	80,765	219,959	80,104	125,629	53,008	126,829	47,919	-123,467	-12,033	29,547
Adjustments to reconcile net income to net cash provided by operating activities:
Gain on investment property transactions
110,761	5,437	133,059	77,114	79,843	31,894	68,200	15,001	12,013	9,164	168,784
Impairment Losses, Including Discontinued Operations
-	-	-	-	-	-	-	14,278	107,763	0	-
Impairment losses, including discontinued operations
-	-	-	-	-	-	-	-	-	2,554	40,512
Gain on sale of third party management and leasing business
-	-	-	-	-	-	-4,577	-7,459	0	0	-
Losses on abandoned predevelopment projects
-	-	-	-	-	-	-	-	937	829	7,723
Loss on extinguishment of debt, including discontinued operations
-	-	-	-	-	-	-	-94	-74	-	-
Impairment Losses on Investments in Unconsolidated Joint Ventures
-	-	-	-	-	-	-	-	608	-	51,058
Depreciation and amortization, including discontinued operations
257,149	181,382	196,745	145,293	135,462	141,022	76,478	52,439	54,061	59,956	55,833
Amortization of deferred financing costs and premium/discount on notes payable
1,500	2,417	-2,139	-1,595	1,423	604	615	1,056	1,637	2,074	1,473
Stock-based compensation expense, net of forfeitures
3,830	3,399	2,994	2,152	1,473	1,992	-	-	-	2,348	3,743
Amortization of stock options and restricted stock, net
-	-	-	-	-	-	1,898	2,244	-2,113	-	-
Effect of non-cash adjustments to revenues
44,839	32,401	40,410	25,873	26,475	30,039	11,660	3,938	6,719	5,142	-
Income from unconsolidated joint ventures
12,666	12,224	47,115	10,562	8,302	11,268	67,325	39,258	-17,691	9,493	-17,639
Effect of recognizing rental revenues on a straight-line or market basis
-	-	-	-	-	-	-	-	-	-	4,970
Operating distributions from unconsolidated joint ventures
11,792	16,756	11,065	14,184	11,664	10,296	67,101	37,379	8,865	11,394	7,237
Gain (Loss) on Extinguishment of Debt
0	8	2,258	-5,180	0	0	-	-	-	-592	12,498
Land and multi-family cost of sales, net of closing costs paid
-	-	-	-	-	302	967	1,659	5,187	35,743	27,415
Other
-	-	-	4,526	-263	0	-	-	-	-	-
Land and multi-family acquisition and development expenditures
-	-	-	-	-	-	-	-	999	3,272	7,283
Changes in other operating assets and liabilities:
Change in deferred income taxes, net of valuation allowance
-	-	-	-	-	-	-	-	-	-	-8,897
Income tax deficiency from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-43
Change in other receivables and other assets, net
10,079	6,049	-11,456	-2,156	10,937	644	9,619	851	-2,099	-3,870	3,537
Change in operating liabilities, net
54,568	434	-5,589	-20,749	4,471	9,021	24,833	4,761	-2,256	-560	-10,884
Net cash provided by operating activities
303,177	229,034	211,649	117,702	154,302	142,400	137,340	95,322	55,581	79,696	43,164
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from Sale of Real Estate Held-for-investment
62,667	372	370,944	622,643	225,307	244,471	178,966	273,386	143,623	101,706	11,727
Proceeds from sales of investments in unconsolidated joint ventures
0	0	12,514	0	0	-	-	-	-	-	-
Proceeds from sale of third party management and leasing business
-	-	-	-	-	-	4,577	8,247	0	0	-
Property acquisition, development, and tenant asset expenditures
482,633	223,636	319,975	193,534	184,988	710,743	1,526,263	105,069	181,909	33,761	53,874
Investment in preferred stock
-	-	-	-	-	0	-	-	-	-	-
Cash and restricted cash acquired in merger
85,989	0	0	93,753	0	0	-	-	-	-	-
Purchase of tenant-in-common interest
0	0	13,382	0	0	-	-	-	-	-	-
Collection of notes receivable
-	-	-	-	-	-	-	0	0	-	-34
Investment in unconsolidated joint ventures
23,361	50,933	20,080	28,531	9,985	18,342	11,922	6,619	23,341	26,229	5,234
Distributions from unconsolidated joint ventures
10	2,032	75,506	949	4,651	26,179	88,635	67,435	8,428	16,024	4,830
Investment in marketable securities
-	-	-	21,190	0	0	-	-	-	-	-
Change in notes receivable and other assets
96	8,317	-6,583	8,241	-	-	-	-	-	-	-
Other
0	4,002	0	0	-118	1,819	75	-2,504	2,255	1,229	2,812
Change in restricted cash
-	-	-	-	-	1,361	111	-2,077	-10,592	12,409	-51
Payment of debt guarantee for unconsolidated joint venture
-	-	-	-	-	-	-	-	-	17,250	-
Net cash provided by (used in) investing activities
-357,424	-284,484	112,110	465,849	35,103	-461,615	-1,266,193	241,961	-44,862	26,852	-45,346
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from credit facility
1,212,000	8,000	589,300	716,800	355,900	764,575	365,075	417,900	256,275	100,300	165,000
Repayment of credit facility
960,500	8,000	723,300	674,800	404,100	664,450	325,000	616,150	163,425	134,900	436,000
Proceeds from issuance of notes payable
-	-	-	870,000	0	85,068	304,275	113,026	0	27,034	-
Repayment of notes payable
691,179	31,402	495,913	907,300	22,851	22,943	77,887	28,808	59,543	73,133	75,819
Issuance of unsecured senior notes
650,000	0	350,000	-	-	-	-	-	-	-	-
Payment of deferred financing costs
2,868	6,166	2,074	0	0	-	1,693	3,419	442	1,996	-
Cash distributed to Parkway, Inc.
-	-	-	192,755	0	0	-	-	-	-	-
Repurchase of Common Stock
-	-	-	13,743	47,790	0	0	-	-	-	-
Common stock issued, net of expenses
0	0	211,521	0	8	-321,845	-826,233	0	18	-95	318,406
Contributions from nonredeemable noncontrolling interests
8,087	1,497	2,646	4,126	0	0	-	-	1,300	2,237	32
Distributions to nonredeemable noncontrolling interests
2,411	2,653	1,807	286,122	111	2,575	26,040	16,143	16,087	2,777	7,276
Redemption of preferred shares
-	-	-	-	-	94,775	-74,827	0	0	-	-
Income tax deficiency from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-43
Common dividends paid
142,941	107,167	99,151	50,548	69,196	61,555	27,192	18,748	18,649	12,176	22,710
Preferred dividends paid
-	-	-	-	-	2,955	10,008	12,907	12,907	12,907	12,907
Other
-1,028	-1,709	-557	-4,195	0	-3,995	-	-	-	-	-
Net cash provided by (used in) financing activities
69,160	-147,600	-169,335	-538,537	-188,140	318,240	952,936	-165,249	-13,460	-108,413	-71,317
NET INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH
14,913	-203,050	154,424	45,014	1,265	-975	-175,917	172,034	-2,741	-1,865	-73,499