DCT INDUSTRIAL TRUST INC. DCT Cash Flow

Dct industrial trust inc. (DCT)

CashFlow / Quarterly

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	Dec'10	Sep'10	Jun'10	Mar'10
OPERATING ACTIVITIES:
Consolidated net income
25,288	50,942	22,215	26,980	43,492	15,789	20,729	16,389	22,572	38,346	40,584	9,079	23,001	30,301	31,300	13,210	7,270	468	14,952	-10,783	11,667	1,636	-630	8,262	-17,542	-6,830	-371	-9,092	-9,535	-9,845	-12,893	-9,822	-12,118	-8,220
Adjustments to reconcile consolidated net income of DCT Industrial Trust Inc. to net cash provided by operating activities:
Real estate related depreciation and amortization
41,896	41,232	42,766	42,427	41,447	41,605	41,090	40,273	39,901	40,070	39,134	39,431	38,449	38,996	37,447	37,842	37,270	36,433	35,527	34,732	34,171	32,690	32,011	30,934	31,576	32,166	32,150	33,398	32,298	31,143	29,386	28,742	29,182	28,594
Gain on dispositions of real estate interests
11,784	32,190	7,468	11,556	28,102	0	6,843	0	12,955	30,097	36,785	0	14,932	26,154	-	-	-	-	16,036	75	14,631	2,877	1,035	12,228	32	88	-	-	-	-	-	-	-	-
Gain on acquisitions and dispositions of real estate interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,045	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on dispositions of non-depreciated real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11
Distributions of earnings from unconsolidated joint ventures
1,742	1,611	1,300	-17,498	21,046	1,671	1,633	1,648	1,186	1,589	1,280	1,483	1,341	1,486	931	1,440	933	1,351	1,452	4,387	1,399	1,563	1,459	1,551	1,211	587	1,259	480	833	695	869	1,162	718	721
Equity in earnings of unconsolidated joint ventures, net
1,089	1,077	1,159	982	2,737	1,516	1,135	1,164	935	884	937	4,493	1,036	807	1,260	892	697	3,613	684	759	1,073	-111	303	1,208	430	-854	894	-967	-1,126	-1,357	-786	-1,293	-349	-558
Impairment losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,032	376	4,359	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Casualty and involuntary conversion gain
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-294	57	-59	-	-	-57	-155	-	-	-	-	-	-	-	-
Impairment loss on land
0	371	0	0	938	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation
1,629	1,569	1,468	1,548	1,578	1,426	1,542	1,413	1,438	1,302	5,063	1,342	1,477	1,063	1,367	1,199	1,173	1,038	1,098	1,031	1,081	794	508	1,061	1,035	980	335	1,069	1,283	1,381	1,245	1,234	1,212	1,136
Casualty loss (gain)
240	5	-	0	0	-270	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Casualty gain
-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Straight-line rent
919	1,634	886	8	822	3,392	4,269	5,244	5,694	5,464	2,779	891	1,815	1,587	2,230	2,325	3,206	2,097	1,760	1,046	1,203	1,516	1,558	1,261	1,123	2,020	2,523	1,750	2,155	3,098	-	-	-	-
Other
1,106	1,180	1,027	1,733	1,177	1,338	442	332	1,180	1,730	2,389	-446	-240	239	322	911	977	1,692	1,452	2,053	410	2,379	2,747	3,551	-294	209	4,548	-907	-619	709	-	-	-	-
Changes in operating assets and liabilities:
Other receivables and other assets
-6,619	2,385	-6,043	6,450	-8,145	-250	-3,651	6,348	-1,547	3,948	-821	6,029	-16,701	6,033	1,855	7,914	-7,589	-4,282	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,544
Other receivables and other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-8,920	7,898	-4,539	-	-12,778	4,918	-662	4,974	-7,887	1,044	672	1,464	-7,822	1,217	1,569
Accounts payable, accrued expenses and other liabilities
5,422	-10,601	-3,525	8,685	1,104	-4,703	6,665	16,560	4,765	955	-2,964	11,722	3,016	-3,332	2,993	14,596	1,951	-9,179	7,934	8,393	61	-9,037	-530	11,060	-1,046	-6,213	-3,434	9,779	908	-648	-4,872	12,243	-678	-6,491
Net cash provided by operating activities
70,150	49,023	60,331	44,879	87,266	52,198	63,117	61,419	53,167	43,599	47,548	51,569	65,962	34,172	40,848	48,613	47,807	32,689	49,913	41,998	39,837	21,145	41,334	29,156	29,638	18,828	30,942	27,821	25,353	22,366	20,043	27,100	24,459	19,400
INVESTING ACTIVITIES:
Real estate acquisitions
63,504	14,653	65,700	87,718	25,592	9,963	74,548	45,896	8,594	104	31,682	11,368	59,326	84,139	105,928	141,024	72,845	43,229	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Real estate acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	58,679	165,513	35,010	-	45,816	65,953	8,556	54,698	82,063	15,746	48,402	62,504	18,374	5,588	1,654
Capital expenditures and development activities
74,734	78,093	74,739	65,435	48,054	49,478	59,531	77,844	68,840	83,271	87,946	64,899	50,096	47,543	67,730	50,745	45,427	38,693	45,293	36,773	40,139	30,717	34,386	24,144	19,933	17,632	25,602	19,033	15,428	15,488	18,234	16,176	10,930	13,021
Increase in deferred acquisition costs and deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	56	14	-226
Proceeds from dispositions of real estate investments
34,879	98,740	30,955	30,161	52,868	0	19,677	-18	50,047	56,097	101,681	-60	50,573	85,615	152,221	94,228	29,071	2,861	145,862	-106	62,675	49,793	71,943	55,689	21,393	4,722	-	-	-	-	-	-	-	-
Investments in unconsolidated joint ventures
495	127	634	1,820	8,164	3,727	2,739	7,139	5,817	2,125	820	0	749	91	23	-186	169	771	972	738	467	579	1,018	15,997	451	1,951	4,202	12,843	3,177	1,769	32,515	1,248	325	337
Proceeds from casualties
0	0	73	0	30	270	170	2,846	44	556	-	-	-	-	2	113	286	205	449	2,266	792	4,761	-	-	-	-	-	-	-	-	-	-	-	-
Distributions of investments in unconsolidated joint ventures
390	383	382	32,850	3,043	503	345	856	330	323	524	8,474	304	710	4,393	286	270	16,487	516	504	515	640	16,237	5,959	455	226	-	-	-	-	-	-	-	-
Change in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-2,504	2,503	-2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of notes receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	42	42	16,139	82	21	1,620
Other investing activities
-1,004	1,737	2,727	888	335	2,943	3,350	1,404	1,363	1,610	-1,580	1,573	125	815	8,463	-8,762	9,507	-6,715	-5,308	7,545	256	-11	710	-96	186	129	5,191	-3,183	387	186	372	-1,958	-859	-2,309
Net cash used in investing activities
-102,460	4,513	-112,390	-92,850	-26,204	-65,338	-119,976	-128,599	-34,193	-30,134	-14,675	-66,922	-61,922	-46,261	-25,528	-88,194	-98,321	-56,425	-46,493	-101,071	-142,393	-11,101	-187,611	-26,570	-61,637	-23,320	21,533	-102,617	-30,936	-65,803	-93,341	-18,306	-15,378	-11,309
FINANCING ACTIVITIES:
Proceeds from senior unsecured revolving line of credit
100,000	45,000	43,000	98,000	96,000	93,000	75,000	60,000	7,000	106,000	131,000	44,000	113,000	53,000	131,000	59,000	64,000	12,000	171,000	56,000	143,000	56,000	182,000	103,000	104,000	61,000	22,000	88,500	65,000	85,000	51,000	9,000	129,000	94,000
Repayments of senior unsecured revolving line of credit
40,000	15,000	15,000	25,000	70,000	61,000	0	193,000	35,000	15,000	247,000	7,000	33,000	21,000	226,000	0	25,000	17,000	184,000	121,000	76,000	116,000	72,000	208,000	24,000	36,000	73,500	133,000	3,000	102,000	0	9,000	217,000	6,000
Proceeds from senior unsecured notes
0	0	0	0	0	51,940	0	250,000	0	0	-	-	-	-	-	-	-	-	272,355	0	0	225,000	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of senior unsecured notes
41,500	0	0	0	51,000	25,000	0	124,000	0	50,000	-	-	-	-	-	-	-	-	225,000	0	0	175,000	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from mortgage notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	7,195	9,303	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments on mortgage notes
1,723	1,694	1,668	1,641	9,816	27,954	1,720	1,692	2,134	1,175	52,562	1,887	1,859	2,253	45,199	6,413	2,751	5,282	23,271	2,153	6,988	8,332	22,787	13,272	34,318	2,295	4,091	78,045	10,276	41,486	2,306	2,149	129,785	93,590
Net settlement on issuance of stock-based compensation awards
-143	907	25	7	722	730	69	208	212	270	285	180	23	402	1,005	8	3	271	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of deferred loan costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-39	103	11	-	-	-	-	-	-	-	-
Redemption of OP Units
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	198	99	308
Payments of deferred loan costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,325	-129	-	-3,521	-1,548	788
Proceeds from issuance of common stock
0	10,963	36,579	0	49,965	10,729	26,835	32,546	46,296	2,927	-	-	-	-	136,939	18,087	42,677	44,251	25,814	165,784	47,978	27,942	-	-	-	-	4,967	0	0	111,931	43,446	8,786	5,889	3,182
Offering costs for issuance of common stock and OP Units
0	194	516	58	735	464	446	426	677	95	-	-	-	-	1,555	282	551	559	411	7,492	532	443	6,170	79	24	88	4,972	0	0	343	513	209	311	194
Redemption of noncontrolling interests
929	1,155	-7,110	2,830	3,500	780	858	1,263	607	530	-1,714	773	903	38	-800	4	89	707	567	181	137	615	445	18	1,948	882	235	49	64	23	-	-	-	-
Dividends to common stockholders
33,921	33,779	28,859	28,841	28,506	28,402	26,394	26,113	25,863	25,634	24,718	24,715	24,714	24,673	23,495	23,338	22,927	22,440	22,152	20,498	20,125	19,656	18,842	17,494	17,345	17,240	17,226	17,192	17,196	15,636	15,034	14,819	14,717	14,581
Distributions paid to noncontrolling interests
2,252	1,522	1,241	1,286	1,558	1,310	1,494	1,383	1,723	1,498	1,468	5,222	1,548	1,437	1,481	1,469	1,633	1,444	1,494	1,524	2,271	1,687	1,671	1,673	1,836	1,876	1,834	1,849	1,871	1,868	1,912	1,905	1,991	1,994
Contributions from noncontrolling interests
430	443	79	0	452	80	310	35	60	39	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	30	125	50	29	27	1,443	35	36	160
Other financing activity
-365	0	-640	-92	-90	-608	-486	-1,664	79	-5	-	-	-	-	0	-1	0	-13	-6,152	3,263	-162	246	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
-13,004	2,155	31,643	38,245	-19,510	9,501	64,986	-7,168	-12,781	14,759	1,204	4,222	8,135	3,197	-30,893	45,572	53,824	8,535	9,444	68,812	92,681	-3,242	121,382	31,598	24,426	2,638	-54,935	82,010	4,297	35,473	75,585	-13,980	2,474	-18,537
NET CHANGE IN CASH AND CASH EQUIVALENTS
-	-	-	-	-	-	8,127	-74,348	6,193	28,224	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH
-45,314	55,691	-	-	41,552	-3,639	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET CHANGE IN CASH AND CASH EQUIVALENTS
-	-	-	-	-	-	-	-	-	-	-	-11,131	12,175	-8,892	-	5,991	3,310	-15,201	12,864	9,739	-9,875	6,802	-24,895	34,184	-7,573	-1,854	-2,460	7,214	-1,286	-7,964	2,287	-5,186	11,555	-10,446
Supplemental Disclosures of Cash Flow Information
Cash paid for interest, net of capitalized interest
14,616	14,574	14,919	14,507	16,352	14,264	16,012	12,173	17,107	11,676	14,588	9,858	15,464	10,384	16,438	11,972	17,933	12,445	12,168	14,441	13,959	16,609	15,479	15,738	17,198	16,380	17,191	11,310	18,106	11,854	-	-	-	-
Supplemental Disclosures of Non-Cash Activities
Retirement of fully depreciated and amortized assets
10,506	10,145	8,825	9,568	8,037	7,623	9,064	5,740	10,256	7,875	12,902	8,691	9,897	3,262	5,983	4,976	9,218	5,202	5,650	6,299	13,351	4,599	13,903	9,497	19,279	9,138	8,879	26,978	4,793	1,499	-	-	-	-
Redemptions of OP Units settled in shares of common stock
199	3,884	2,166	-221	862	1,518	-554	6,609	3,785	3,944	697	-186	523	1,827	2,268	-55	3,151	2,933	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for interest, net of capitalized interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,783
Retirement of fully amortized intangible lease assets, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,628	6,128
Redemptions of OP Units settled in shares of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,458	6,817	2,413	-	2,190	17,471	7,833	139	2,411	2,298	2,300	4,702	1,195	5,016	8,315
Assumption of mortgage notes in connection with real estate acquired
-	-	-	-	-	-	-	-	-	-	0	0	0	22,958	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in dividends declared and not paid
-2	-112	-	-	-287	-123	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease in capital expenditures accruals
8,717	-7,816	-	-23,975	14,389	-6,088	-	3,517	-1,658	6,237	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capitalized stock compensation
354	300	-	-	347	340	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Assumption of mortgage notes in connection with real estate acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	3,778	0	3,875	-	-	-	-
Contributions of real estate from non-controlling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	4,401	-	-	-	-