COUSINS PROPERTIES INC CUZ Cash Flow

Cousins properties inc (CUZ)

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
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
291,987	152,683	56,866	56,033	100,364	80,765	89,885	82,311	231,507	219,959	225,974	225,346	62,166	80,104	99,073	141,035	141,222	125,629	92,622	58,415	53,079	53,008	33,226	78,852	77,057	126,829	158,528	106,768	116,177	47,919	-112,072	-119,744	-130,772	-123,467	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Gain on investment property transactions
188,566	110,761	14,913	14,907	18,920	5,437	18,150	18,243	132,757	133,059	182,991	182,931	62,854	77,114	56,664	93,808	93,479	79,843	48,076	24,006	25,922	31,894	19,230	18,303	17,454	68,200	76,562	71,919	72,130	15,001	0	0	0	-	-	-	0
Impairment Losses, Including Discontinued Operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,278	0	0	0	-	-	-	-
Impairment losses, including discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Depreciation and amortization, including discontinued operations
282,902	257,149	224,323	187,379	182,150	181,382	180,035	182,589	186,954	196,745	201,647	185,867	168,208	145,293	128,040	129,431	131,038	135,462	142,155	142,049	143,247	141,022	133,009	118,719	98,347	76,478	57,241	52,546	50,482	52,439	54,926	54,153	54,778	54,061	0	0	0
Amortization of deferred financing costs and premium/discount on notes payable
669	1,500	2,332	2,425	2,480	2,417	2,212	2,012	1,161	-2,139	-5,201	-5,242	-4,823	-1,595	1,413	1,406	1,681	1,423	1,073	716	531	604	441	695	631	615	1,050	1,068	1,100	1,056	941	1,070	1,336	1,637	0	0	0
Stock-based compensation expense, net of forfeitures
4,507	3,830	3,783	3,729	3,464	3,399	3,333	3,279	3,047	2,994	3,067	2,978	2,238	2,152	1,940	1,818	1,401	1,473	1,588	1,741	1,880	1,992	0	0	0	-	-	-	-	-	-	-	-	-	0	0	0
Amortization of stock options and restricted stock, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,466	2,244	0	0	0	-	-	-	-
Effect of non-cash adjustments to revenues
46,508	44,839	39,539	37,999	34,338	32,401	31,059	34,044	37,073	40,410	43,286	40,274	34,308	25,873	20,534	21,084	22,444	26,475	30,206	29,947	29,894	30,039	27,795	24,126	18,928	11,660	6,487	4,503	4,262	3,938	0	0	0	-	-	-	-
Income from unconsolidated joint ventures
0	12,666	11,830	10,841	0	12,224	13,926	14,135	49,419	47,115	48,780	47,845	9,309	10,562	6,359	8,548	8,525	8,302	13,012	11,327	11,593	11,268	6,806	67,854	66,959	67,325	90,903	30,094	38,724	39,258	-10,942	-10,551	-18,001	-17,691	0	0	0
Effect of recognizing rental revenues on a straight-line or market basis
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Operating distributions from unconsolidated joint ventures
11,085	11,792	7,825	9,896	16,728	16,756	19,506	15,572	10,699	11,065	14,906	16,364	15,130	14,184	11,987	14,053	13,345	11,664	10,671	8,951	8,822	10,296	6,733	67,324	67,461	67,101	90,877	30,464	37,246	37,379	13,514	14,030	7,985	8,865	0	0	0
Gain (Loss) on Extinguishment of Debt
-	-	-	-	-	8	8	344	2,173	2,258	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Land and multi-family cost of sales, net of closing costs paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	967	1,178	1,506	2,025	1,659	4,025	3,854	3,400	5,187	0	0	0
Land and multi-family acquisition and development expenditures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	999	0	0	0
Changes in other operating assets and liabilities:
Change in other receivables and other assets, net
22,020	10,079	19,252	19,215	675	6,049	-1,314	-5,840	-9,724	-11,456	-10,039	-10,452	-2,902	-2,156	2,661	6,019	9,598	10,937	5,184	10,070	5,067	644	7,959	8,788	11,062	9,619	2,354	603	2,126	851	-1,045	774	-2,051	-2,099	0	0	0
Change in operating liabilities, net
-2,999	54,568	39,767	25,702	13,712	434	-4,685	-1,116	-14,348	-5,589	-23,143	-22,340	-11,629	-20,749	14,541	11,310	2,993	4,471	-787	843	2,447	9,021	23,868	21,995	15,874	24,833	12,627	-626	474	4,761	-1,823	-1,024	-631	-2,256	0	0	0
Net cash provided by operating activities
271,640	303,177	249,362	202,109	252,629	229,034	228,457	223,721	207,322	211,649	159,680	150,252	137,427	117,702	170,513	169,331	157,371	154,302	150,844	137,412	137,832	142,400	133,260	166,225	142,577	137,340	141,587	81,260	86,870	95,322	69,511	63,725	56,620	55,581	0	0	0
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from Sale of Real Estate Held-for-investment
438,866	62,667	59,340	58,144	58,048	372	0	0	0	-	-	-	-	622,643	109,897	237,231	245,081	225,307	327,142	224,585	225,815	244,471	61,014	92,010	86,285	178,966	372,113	326,156	386,037	273,386	147,060	185,316	122,080	143,623	0	0	0
Proceeds from sales of investments in unconsolidated joint ventures
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property acquisition, development, and tenant asset expenditures
427,831	482,633	343,202	292,569	286,246	223,636	222,632	268,592	309,439	319,975	300,988	269,090	238,073	193,534	155,961	187,238	173,316	184,988	510,470	713,357	711,934	710,743	375,904	1,186,186	1,267,127	1,526,263	1,512,967	497,318	392,819	105,069	241,327	185,552	182,281	181,909	0	0	0
Purchase of tenant-in-common interest
-	-	-	-	-	-	-	-	-	13,382	13,382	13,382	13,382	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Collection of notes receivable
-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	77	-140	127	0	808	723	176	0	0	0	0
Investment in unconsolidated joint ventures
19,033	23,361	29,133	32,759	34,886	50,933	49,494	42,237	40,158	20,080	17,475	14,516	13,842	28,531	27,417	28,823	25,784	9,985	15,250	14,033	16,108	18,342	20,361	19,576	14,562	11,922	2,187	482	2,155	6,619	16,027	19,735	26,985	23,341	0	0	0
Distributions from unconsolidated joint ventures
-	-	-	-	-	2,032	3,007	3,006	71,683	75,506	71,330	71,382	3,336	949	2,483	7,101	5,249	4,651	25,064	23,716	24,889	26,179	9,316	38,631	51,442	88,635	128,420	96,363	82,900	67,435	28,792	28,920	28,924	8,428	0	0	0
Change in notes receivable and other assets
47	96	3,959	6,410	7,545	8,317	-3,502	-4,629	-5,788	-6,583	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	4,002	4,261	4,264	472	0	0	0	0	-	-	-	-	-118	-1,148	-1,285	1,249	1,819	-37	477	-153	75	-3,307	-2,440	-2,459	-2,504	1,778	1,735	1,980	2,255	0	0	0
Change in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	156	-	-766	919	687	1,361	1,844	827	15	111	204	-1,687	-506	-2,077	-2,765	-9,722	-11,895	-10,592	0	0	0
Net cash provided by (used in) investing activities
131,058	-357,424	-230,695	-187,354	-272,369	-284,484	-62,897	-96,279	107,568	112,110	589,857	613,426	407,833	465,849	-81,688	27,393	51,140	35,103	-171,600	-478,723	-479,274	-461,615	-324,398	-1,072,529	-1,139,586	-1,266,193	-1,003,194	-63,047	85,302	241,961	-79,707	17,659	-48,171	-44,862	0	0	0
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from credit facility
1,332,500	1,212,000	912,000	845,000	168,000	8,000	0	132,300	496,300	589,300	1,123,300	1,010,100	693,700	716,800	269,700	405,500	377,900	355,900	638,400	665,350	776,150	764,575	416,525	403,475	345,600	365,075	347,425	319,725	280,400	417,900	571,625	476,475	483,175	256,275	0	0	0
Repayment of credit facility
1,388,900	960,500	832,000	781,000	111,600	8,000	0	226,300	496,300	723,300	1,123,300	1,071,100	836,700	674,800	403,700	452,500	432,900	404,100	592,100	543,800	578,150	664,450	379,900	374,025	400,600	325,000	389,850	309,225	312,400	616,150	597,925	561,375	489,875	163,425	0	0	0
Proceeds from issuance of notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	304,275	305,662	8,369	12,001	113,026	111,632	105,949	102,191	0	0	0	0
Repayment of notes payable
715,318	691,179	689,890	711,503	31,951	31,402	30,858	86,531	494,967	495,913	1,393,835	1,316,437	908,276	907,300	23,516	23,069	22,786	22,851	22,804	22,697	22,562	22,943	8,286	6,782	5,325	77,887	77,428	77,910	102,732	28,808	28,836	58,062	59,772	59,543	0	0	0
Payment of deferred financing costs
-	-	-	-	-	6,166	6,192	6,125	8,087	2,074	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,419	3,419	3,861	3,795	442	0	0	0
Repurchase of Common Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	13,743	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock issued, net of expenses
-	-	-	-	-	-	-	-	-	211,521	211,598	211,820	211,825	0	16	17	-6	8	59	-223,335	-223,287	-321,845	-1,974,674	-1,089,852	-924,777	-826,233	0	0	0	-	-	-	-	18	0	0	0
Shares withheld for payment of taxes on restricted stock vesting
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contributions from nonredeemable noncontrolling interests
6,542	8,087	6,516	5,738	4,078	1,497	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions to nonredeemable noncontrolling interests
2,325	2,411	2,327	3,045	2,978	2,653	2,514	1,714	2,206	1,807	0	0	0	-	-	-	-	-	-	-	-	2,575	521	25,327	25,702	26,040	39,473	15,127	15,678	16,143	11,408	11,571	11,210	16,087	0	0	0
Redemption of preferred shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common dividends paid
158,176	142,941	127,697	112,466	109,324	107,167	105,043	102,854	100,717	99,151	73,949	65,635	57,233	50,548	67,734	68,247	68,765	69,196	68,215	67,117	64,673	61,555	53,886	46,187	36,734	27,192	23,341	19,495	18,750	18,748	18,731	18,706	18,683	18,649	0	0	0
Preferred dividends paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,955	4,732	6,509	8,558	10,008	11,458	12,907	12,907	12,907	12,907	12,907	12,907	12,907	0	0	0
Other
-1,200	-1,028	-864	-1,026	-2,043	-1,709	-1,665	-1,664	-1,158	-557	-4,796	-4,797	-4,353	-4,195	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
-279,745	69,160	-87,128	-111,248	-85,971	-147,600	-145,039	-41,441	-254,793	-169,335	-788,478	-744,369	-505,788	-538,537	2,347	-198,488	-208,173	-188,140	18,877	337,026	316,750	318,240	192,940	907,636	1,020,047	952,936	861,546	-16,297	-170,132	-165,249	10,031	-82,724	-9,544	-13,460	0	0	0
NET INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH
122,953	14,913	-68,461	-96,493	-105,711	-203,050	20,521	86,001	60,097	154,424	-38,941	19,309	39,472	45,014	91,172	-1,764	338	1,265	-1,879	-4,285	-24,692	-975	1,802	1,332	23,038	-175,917	-61	1,916	2,040	172,034	-165	-1,340	-1,095	-2,741	0	0	0
Interest paid, net of amounts capitalized
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
INCOME TAXES REFUNDED
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Significant non-cash transactions:
Transfer from operating properties to real estate assets and other assets held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	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	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in accrued property acquisition, development, and tenant asset expenditures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-