| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES: | |||||||||
Consolidated net income | |||||||||
108,476 | 98,036 | 102,965 | 52,248 | 17,472 | -16,740 | -28,843 | -43,053 | -21,709 | 11,441 |
Adjustments to reconcile consolidated net income of DCT Industrial Trust Inc. to net cash provided by operating activities: | |||||||||
Real estate related depreciation and amortization | |||||||||
168,245 | 161,334 | 156,010 | 148,992 | 137,120 | 126,687 | 128,989 | 115,904 | 111,250 | 119,604 |
Gain on dispositions of real estate interests | |||||||||
47,126 | 49,895 | 77,871 | 46,199 | 33,619 | 13,383 | 12,030 | 2,091 | 1,354 | 21,771 |
Loss on business combinations | |||||||||
- | - | - | - | - | - | - | - | 10,325 | - |
Gain on dispositions of non-depreciated real estate | |||||||||
- | - | - | - | - | - | - | - | - | 219 |
Distributions of earnings from unconsolidated joint ventures | |||||||||
6,519 | 6,056 | 5,590 | 4,655 | 8,801 | 4,808 | 3,267 | 3,470 | 3,915 | 3,820 |
Equity in earnings of unconsolidated joint ventures, net | |||||||||
6,394 | 4,118 | 7,273 | 6,462 | 2,405 | 1,087 | -2,556 | -2,986 | 2,698 | 2,267 |
Casualty and involuntary conversion gain | |||||||||
- | - | - | - | - | 1,624 | - | - | - | - |
Impairment losses | |||||||||
283 | 0 | 2,285 | 5,767 | 13,279 | 11,422 | - | - | - | - |
Casualty and involuntary conversion gain | |||||||||
- | - | - | - | - | - | -1,298 | - | - | - |
Impairment losses | |||||||||
- | - | - | - | - | - | - | - | - | -10,746 |
Impairment losses | |||||||||
- | - | - | - | - | - | 10,160 | 12,328 | - | - |
Impairment loss on land | |||||||||
938 | 0 | 0 | - | - | - | - | - | 981 | - |
Stock-based compensation | |||||||||
6,020 | 5,695 | 8,945 | 4,777 | 4,004 | 3,584 | 4,068 | 4,827 | 8,602 | - |
Casualty gain | |||||||||
274 | 2,753 | 414 | 328 | 296 | - | - | - | - | - |
Straight-line rent | |||||||||
5,108 | 20,671 | 7,072 | 9,858 | 5,525 | 5,962 | 9,526 | 5,622 | - | - |
Increase (Decrease) in Deferred Income Taxes | |||||||||
1,729 | -87 | -242 | - | - | - | - | - | - | - |
Straight-line rent | |||||||||
- | - | - | - | - | - | - | - | 1,943 | - |
Other | |||||||||
5,275 | 3,684 | 1,942 | 3,902 | 6,294 | 6,213 | 3,731 | 5,623 | 6,636 | - |
Changes in operating assets and liabilities: | |||||||||
Other receivables and other assets | |||||||||
-7,988 | 5,098 | -5,460 | -2,102 | -417 | -1,767 | - | - | - | - |
Stock-based compensation and other | |||||||||
- | - | - | - | - | - | - | - | - | 5,023 |
Other receivables and other assets | |||||||||
- | - | - | - | - | - | -1,197 | -3,572 | -4,261 | -3,693 |
Accounts payable, accrued expenses and other liabilities | |||||||||
1,561 | 28,945 | 8,442 | 10,361 | 7,351 | 3,271 | 6,605 | 202 | 5 | 5,665 |
Net cash provided by operating activities | |||||||||
244,674 | 221,302 | 199,251 | 169,957 | 152,893 | 118,956 | 106,482 | 91,002 | 109,749 | 128,349 |
INVESTING ACTIVITIES: | |||||||||
Real estate acquisitions | |||||||||
188,973 | 129,142 | 186,515 | 363,026 | 402,723 | 360,002 | - | - | - | - |
Real estate acquisitions | |||||||||
- | - | - | - | - | - | 200,909 | 88,120 | 14,023 | 59,206 |
Capital expenditures and development activities | |||||||||
237,706 | 289,486 | 250,484 | 202,595 | 152,922 | 96,095 | 75,551 | 58,361 | 46,914 | 101,910 |
Refunds (payments) in deferred acquisition costs and deposits | |||||||||
- | - | - | - | - | - | - | - | 143 | - |
Increase in deferred acquisition costs and deposits | |||||||||
- | - | - | - | - | - | - | - | - | 66 |
Proceeds from dispositions of real estate investments | |||||||||
113,984 | 125,803 | 237,809 | 278,381 | 258,224 | 153,747 | 106,455 | 19,391 | 29,008 | 135,932 |
Investments in unconsolidated joint ventures | |||||||||
14,345 | 17,820 | 1,660 | 777 | 2,756 | 19,417 | 21,991 | 34,425 | 6,425 | 32,973 |
Proceeds from casualties | |||||||||
373 | 3,616 | 1,991 | 606 | 8,268 | 681 | 3,813 | - | 0 | - |
Distributions of investments in unconsolidated joint ventures | |||||||||
36,778 | 1,854 | 10,012 | 21,436 | 2,175 | 22,877 | 12,941 | 565 | 7,161 | - |
Use (receipt) of proceeds from 1031 exchanges | |||||||||
- | - | - | - | 8,842 | - | - | - | - | - |
Distributions of investments in unconsolidated joint ventures | |||||||||
- | - | - | - | - | - | - | - | - | 5,586 |
Origination of notes receivable | |||||||||
- | - | - | - | - | - | - | - | - | 500 |
Repayment of notes receivable | |||||||||
- | - | - | - | - | - | - | 17,862 | 12,353 | 7,461 |
Other investing activities | |||||||||
6,893 | 7,727 | 933 | 2,493 | 2,482 | 929 | 2,581 | -4,754 | -1,024 | -3,227 |
Net cash used in investing activities | |||||||||
-296,782 | -312,902 | -189,780 | -268,468 | -301,058 | -299,138 | -177,823 | -138,334 | -17,673 | -42,317 |
FINANCING ACTIVITIES: | |||||||||
Proceeds from senior unsecured revolving line of credit | |||||||||
330,000 | 248,000 | 341,000 | 266,000 | 426,000 | 450,000 | 260,500 | 283,000 | 8,000 | 209,000 |
Repayments of senior unsecured revolving line of credit | |||||||||
171,000 | 243,000 | 308,000 | 268,000 | 497,000 | 340,000 | 311,500 | 232,000 | 8,000 | 291,000 |
Proceeds from senior unsecured notes | |||||||||
51,940 | 250,000 | 200,000 | 0 | 497,355 | 90,000 | 400,000 | 210,000 | - | 475,000 |
Repayments of senior unsecured notes | |||||||||
76,000 | 174,000 | 40,000 | 0 | 400,000 | - | 200,000 | 100,000 | - | - |
Principal payments on senior unsecured notes | |||||||||
- | - | - | - | - | - | - | - | - | 275,000 |
Proceeds from mortgage notes | |||||||||
- | - | - | - | 16,498 | - | 20,000 | 123,000 | - | - |
Principal payments on mortgage notes | |||||||||
41,079 | 6,721 | 58,561 | 59,645 | 40,744 | 72,672 | 133,898 | 227,830 | 127,925 | 73,394 |
Net settlement on issuance of stock-based compensation awards | |||||||||
1,484 | 759 | 890 | 1,287 | 65 | - | - | - | - | - |
Redemption of OP Units | |||||||||
- | - | - | - | - | - | - | - | 1,949 | 1,507 |
Settlement of cash flow hedge | |||||||||
- | - | - | - | - | 33,550 | - | - | 3,630 | 4,584 |
Principal payments on financing obligations | |||||||||
- | - | - | - | - | - | - | - | - | 5 |
Payments of deferred loan costs | |||||||||
- | - | - | - | - | - | - | - | -2,188 | -1,986 |
Proceeds from issuance of common stock | |||||||||
97,273 | 108,604 | 0 | 241,954 | 267,518 | 177,628 | 116,898 | 61,303 | 117,777 | - |
Offering costs for issuance of common stock and OP Units | |||||||||
1,773 | 1,644 | 0 | 2,947 | 8,878 | 6,361 | 5,315 | 1,227 | 5,910 | 125 |
Redemption of noncontrolling interests | |||||||||
0 | 3,258 | 0 | 0 | 1,500 | 3,293 | 371 | 1,002 | - | - |
Redemption of noncontrolling interests | |||||||||
7,176 | 5,692 | 4,421 | 997 | - | - | - | - | - | - |
Dividends to common stockholders | |||||||||
114,608 | 104,004 | 98,820 | 92,200 | 82,431 | 70,921 | 67,250 | 59,151 | 58,901 | 109,248 |
Distributions paid to noncontrolling interests | |||||||||
5,395 | 6,098 | 9,675 | 6,027 | 6,976 | 7,056 | 7,422 | 7,802 | 10,069 | 24,159 |
Contributions from noncontrolling interests | |||||||||
611 | 444 | 648 | 201 | 723 | 30 | 231 | 1,674 | 158 | 176 |
Other financing activity | |||||||||
-1,430 | -2,076 | -4,523 | -14 | -2,805 | -3,761 | -5,028 | -4,423 | - | - |
Net cash used in financing activities | |||||||||
59,879 | 59,796 | 16,758 | 77,038 | 167,695 | 180,044 | 66,845 | 45,542 | -92,637 | -96,832 |
NET CHANGE IN CASH AND CASH EQUIVALENTS | |||||||||
7,771 | -31,804 | 26,229 | - | - | - | - | - | - | - |
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | |||||||||
- | - | - | -21,473 | - | - | - | - | - | - |
NET CHANGE IN CASH AND CASH EQUIVALENTS | |||||||||
- | - | - | - | 19,530 | -138 | -4,496 | -1,790 | -561 | -10,800 |
Supplemental Disclosures of Cash Flow Information | |||||||||
Cash paid for interest, net of capitalized interest | |||||||||
60,042 | 56,968 | 50,294 | 58,788 | 57,177 | 64,795 | 58,461 | 54,532 | 50,366 | - |
Supplemental Disclosures of Non-Cash Activities | |||||||||
Retirement of fully depreciated and amortized assets | |||||||||
34,053 | 32,935 | 34,752 | 25,379 | 29,899 | 51,817 | 42,149 | 29,927 | 68,013 | - |
Redemptions of OP Units settled in shares of common stock | |||||||||
4,325 | 13,784 | 2,861 | 8,297 | 19,746 | 42,766 | - | - | - | - |
Cash paid for interest, net of capitalized interest | |||||||||
- | - | - | - | - | - | - | - | - | 53,581 |
Redemptions of OP Units settled in shares of common stock | |||||||||
- | - | - | - | - | - | 7,148 | 19,228 | 46,218 | 63,674 |
Assumption of mortgage notes in connection with real estate acquired | |||||||||
0 | 0 | 22,958 | 20,310 | - | 73,253 | - | - | 1,050 | - |
Change in capital expenditures accruals | |||||||||
-19,288 | 20,903 | -22,609 | -10,037 | - | - | - | - | - | - |
Increase in dividends declared and not paid | |||||||||
-5,448 | -2,684 | -965 | - | - | - | - | - | - | - |
Contributions from noncontrolling interests | |||||||||
745 | 0 | 0 | - | - | - | - | - | - | - |
Capitalized stock compensation | |||||||||
1,478 | 1,447 | 1,632 | - | - | - | - | - | - | - |
Contributions of real estate from noncontrolling interests | |||||||||
- | - | - | - | 350 | - | - | - | - | - |
Assumption of mortgage notes in connection with real estate acquired | |||||||||
- | - | - | - | - | - | 7,653 | 19,556 | 65,979 | - |
Issuance of notes receivable in connection with real estate acquisitions | |||||||||
- | - | - | - | - | - | - | - | - | 9,950 |
Reduction of financing obligation and issuance of OP Units in connection with purchase of TIC Interests (see Note 8) | |||||||||
- | - | - | - | - | - | - | - | - | 14,669 |
Contributions of real estate from non-controlling interests | |||||||||
- | - | - | - | - | - | 4,401 | 7,127 | - | - |
Issuance of OP Units in connection with real estate acquisition | |||||||||
- | - | - | - | - | - | 4,885 | - | 0 | - |