COUSINS PROPERTIES INC CUZ Cash Flow

Cousins properties inc (CUZ)

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
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
175,309	118,568	20,692	-22,582	36,005	22,751	19,859	21,749	16,406	31,871	12,285	170,945	4,858	37,886	11,657	7,765	22,796	56,855	53,619	7,952	7,203	23,848	19,412	2,616	7,132	4,066	65,038	821	56,904	35,765	13,278	10,230	-11,354	-124,226	5,606	-798	-4,049
Adjustments to reconcile net income to net cash provided by operating activities:
Gain on investment property transactions
90,916	96,373	-27	1,304	13,111	525	-33	5,317	-372	13,238	60	119,831	-70	63,170	0	-246	14,190	42,720	37,144	-575	554	10,953	13,074	1,341	6,526	-1,711	12,147	492	57,272	6,651	7,504	703	143	-	-	-	-325
Impairment Losses, Including Discontinued Operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,557	488	0	12,233	-	-	-	-
Impairment losses, including discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	3,508
Depreciation and amortization, including discontinued operations
71,614	78,372	82,012	50,904	45,861	45,546	45,068	45,675	45,093	44,199	47,622	50,040	54,884	49,101	31,842	32,381	31,969	31,848	33,233	33,988	36,393	38,541	33,127	35,186	34,168	30,528	18,837	14,814	12,299	11,291	14,142	12,750	14,256	13,778	13,369	13,375	13,539
Amortization of deferred financing costs and premium/discount on notes payable
-216	-223	512	596	615	609	605	651	552	404	405	-200	-2,748	-2,658	364	219	480	350	357	494	222	0	0	309	295	-163	254	245	279	272	272	277	235	157	401	543	536
Stock-based compensation expense, net of forfeitures
1,284	621	615	1,987	607	574	561	1,722	542	508	507	1,490	489	581	418	750	403	369	296	333	475	484	449	472	587	-	-	-	-	-	-	-	-	-	497	507	679
Amortization of stock options and restricted stock, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-361	822	212	1,793	-583	-	-	-	-
Effect of non-cash adjustments to revenues
13,602	13,673	7,877	11,356	11,933	8,373	6,337	7,695	9,996	7,031	9,322	10,724	13,333	9,907	6,310	4,758	4,898	4,568	6,860	6,118	8,929	8,299	6,601	6,065	9,074	6,055	2,932	867	1,806	882	948	626	1,482	-	-	-	-
Income from unconsolidated joint ventures
46,230	2,887	3,241	3,634	0	2,051	2,252	5,036	2,885	3,753	2,461	40,320	581	5,418	1,526	1,784	1,834	1,215	3,715	1,761	1,611	5,925	2,030	2,027	1,286	1,463	63,078	1,132	1,652	25,041	2,269	9,762	2,186	-25,159	2,660	2,312	2,496
Effect of recognizing rental revenues on a straight-line or market basis
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,500
Operating distributions from unconsolidated joint ventures
1,829	5,667	2,089	1,500	2,536	1,700	4,160	8,332	2,564	4,450	226	3,459	2,930	8,291	1,684	2,225	1,984	6,094	3,750	1,517	303	5,101	2,030	1,388	1,777	1,538	62,621	1,525	1,417	25,314	2,208	8,307	1,550	1,449	2,724	2,262	2,430
Gain (Loss) on Extinguishment of Debt
-	-	-	-	-	0	93	0	-85	0	429	1,829	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-94	-	-74	0	0
Land and multi-family cost of sales, net of closing costs paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	63	0	0	904	274	328	519	538	2,640	157	65	2,325
Land and multi-family acquisition and development expenditures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	181	255	128	435
Changes in other operating assets and liabilities:
Change in other receivables and other assets, net
13,661	-3,559	-2,036	13,954	1,720	5,614	-2,073	-4,586	7,094	-1,749	-6,599	-8,470	5,362	-332	-7,012	-920	6,108	4,485	-3,654	2,659	7,447	-1,268	1,232	-2,344	3,024	6,047	2,061	-70	1,581	-1,218	310	1,453	306	-3,114	2,129	-1,372	258
Change in operating liabilities, net
-69,022	11,181	23,709	31,133	-11,455	-3,620	9,644	19,143	-24,733	-8,739	13,213	5,911	-15,974	-26,293	14,016	16,622	-25,094	8,997	10,785	8,305	-23,616	3,739	12,415	9,909	-17,042	18,586	10,542	3,788	-8,083	6,380	-2,711	4,888	-3,796	-204	-1,912	5,281	-5,421
Net cash provided by operating activities
12,964	104,812	120,574	33,290	44,501	50,997	73,321	83,810	20,906	50,420	68,585	67,411	25,233	-1,549	59,157	54,586	5,508	51,262	57,975	42,626	2,439	47,804	44,543	43,046	7,007	38,664	77,508	19,398	1,770	42,911	17,181	25,008	10,222	17,100	11,395	17,903	9,183
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from Sale of Real Estate Held-for-investment
433,875	3,699	1,196	96	57,676	372	0	0	0	-	-	-	-	601,555	0	0	21,088	88,809	127,334	7,850	1,314	190,644	24,777	9,080	19,970	7,187	55,773	3,355	112,651	200,334	9,816	63,236	0	74,008	48,072	0	21,543
Proceeds from sales of investments in unconsolidated joint ventures
53,104	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property acquisition, development, and tenant asset expenditures
67,983	230,599	83,334	45,915	122,785	91,168	32,701	39,592	60,175	90,164	78,661	80,439	70,711	71,177	46,763	49,422	26,172	33,604	78,040	35,500	37,844	359,086	280,927	34,077	36,653	24,247	1,091,209	115,018	295,789	10,951	75,560	10,519	8,039	147,209	19,785	7,248	7,667
Purchase of tenant-in-common interest
-	-	-	-	-	-	-	-	-	0	0	0	13,382	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Collection of notes receivable
-	-	-	-	-	-	-	-	-	-	0	1,869	3,292	-	0	0	0	-	-	-	-	-	-	-	-	-	552	342	339	-1,156	335	609	212	-348	250	62	36
Investment in unconsolidated joint ventures
1,238	1,885	9,227	6,683	5,566	7,657	12,853	8,810	21,613	6,218	5,596	6,731	1,535	3,613	2,637	6,057	16,224	2,499	4,043	3,018	425	7,764	2,826	5,093	2,659	9,783	2,041	79	19	48	336	1,752	4,483	9,456	4,044	9,002	839
Distributions from unconsolidated joint ventures
-	-	-	-	-	0	0	1,790	242	975	-1	70,467	4,065	-3,201	51	2,421	1,678	-1,667	4,669	569	1,080	18,746	3,321	1,742	2,370	1,883	32,636	14,553	39,563	41,668	579	1,090	24,098	3,025	707	1,094	3,602
Change in notes receivable and other assets
-26	25	24	24	23	3,888	2,475	1,159	795	-7,931	1,348	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	-259	-3	3,792	472	0	0	0	0	-	-	-	-	1,031	-377	-1,195	423	1	-514	1,339	993	-1,855	0	709	1,221	-5,237	867	690	1,176	-955	824	935	1,451
Change in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,791	251	625	-	-945	658	-6	-473	740	426	668	10	-277	-386	764	103	-2,168	795	-807	-585	-9,125	-1,378	496
Net cash provided by (used in) investing activities
417,784	-228,811	-91,367	33,452	-70,698	-102,082	-48,026	-51,563	-82,813	119,505	-81,408	152,284	-78,271	597,252	-57,839	-53,309	-20,255	49,715	51,242	-29,562	-36,292	-156,988	-255,881	-30,113	-18,633	-19,771	-1,004,012	-97,170	-145,240	243,228	-63,865	51,179	11,419	-78,440	33,501	-14,651	14,728
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from credit facility
280,500	308,000	67,000	677,000	160,000	8,000	0	0	0	0	132,300	364,000	93,000	534,000	19,100	47,600	116,100	86,900	154,900	20,000	94,100	369,400	181,850	130,800	82,525	21,350	168,800	72,925	102,000	3,700	141,100	33,600	239,500	157,425	45,950	40,300	12,600
Repayment of credit facility
532,000	136,500	51,000	669,400	103,600	8,000	0	0	0	0	226,300	270,000	227,000	400,000	174,100	35,600	65,100	128,900	222,900	16,000	36,300	316,900	174,600	50,350	122,600	32,350	168,725	76,925	47,000	97,200	88,100	80,100	350,750	78,975	51,550	8,600	24,300
Proceeds from issuance of notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7	302,976	126	1,166	1,394	5,683	3,758	102,191	0	0	0	0
Repayment of notes payable
26,849	3,972	2,762	681,735	2,710	2,683	24,375	2,183	2,161	2,139	80,048	410,619	3,107	900,061	2,650	2,458	2,131	16,277	2,203	2,175	2,196	16,230	2,096	2,040	2,577	1,573	592	583	75,139	1,114	1,074	25,405	1,215	1,142	30,300	27,115	986
Payment of deferred financing costs
-	-	-	-	-	0	85	68	6,013	26	18	2,030	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	66	3,353	0	442	0	0
Repurchase of Common Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	13,743	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock issued, net of expenses
-	-	-	-	-	-	-	-	-	-77	-222	-5	211,825	0	0	0	0	16	1	-23	14	67	-223,393	25	-98,544	-1,652,762	661,429	165,100	0	-	-	-	-	36	-34	2	14
Shares withheld for payment of taxes on restricted stock vesting
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contributions from nonredeemable noncontrolling interests
1,036	2,816	1,030	1,660	2,581	1,245	252	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions to nonredeemable noncontrolling interests
638	666	480	541	724	582	1,198	474	399	443	398	966	0	-	-	-	-	-	-	-	-	2,206	88	128	153	152	24,894	503	491	13,585	548	1,054	956	8,850	711	693	5,833
Redemption of preferred shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common dividends paid
42,561	42,569	42,555	30,491	27,326	27,325	27,324	27,349	25,169	25,201	25,135	25,212	23,603	-1	16,821	16,810	16,918	17,185	17,334	17,328	17,349	16,204	16,236	14,884	14,231	8,535	8,537	5,431	4,689	4,684	4,691	4,686	4,687	4,667	4,666	4,663	4,653
Preferred dividends paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,178	1,777	1,777	1,777	3,227	3,227	3,227	3,226	3,227	3,227	3,227	3,226	3,227	3,227
Other
-1,265	-164	162	67	-1,093	0	0	-950	-759	44	1	-444	-158	-4,195	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
-321,777	126,943	-28,610	-56,301	27,128	-29,345	-52,730	-31,024	-34,501	-26,784	50,868	-244,376	50,957	-645,927	94,977	-5,795	18,208	-105,043	-105,858	-15,480	38,241	101,974	212,291	-35,756	39,731	-23,326	926,987	76,655	-27,380	-114,716	49,144	-77,180	-22,497	60,564	-43,611	-4,000	-26,413
NET INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH
108,971	2,944	597	10,441	931	-80,430	-27,435	1,223	-96,408	143,141	38,045	-24,681	-2,081	-50,224	96,295	-4,518	3,461	-4,066	3,359	-2,416	4,388	-7,210	953	-22,823	28,105	-4,433	483	-1,117	-170,850	171,423	2,460	-993	-856	-776	1,285	-748	-2,502
Interest paid, net of amounts capitalized
-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,661	6,651	7,480	-	7,102	7,782	7,695	-	6,194	7,070	7,186	-	4,803	4,249	5,470	-	5,467	5,247	6,606	-	4,777	8,322	6,580
INCOME TAXES REFUNDED
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	324	0	53
Significant non-cash transactions:
Transfer from operating properties to real estate assets and other assets held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-36,284	86,775	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from investment in unconsolidated joint ventures to operating properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from investment in unconsolidated joint ventures to projects under development
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	5,880	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in accrued property acquisition, development, and tenant asset expenditures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-15,275	3,470	421	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-