Site centers corp. (DDR)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Cash flow from operating activities:
Net income

101,825

116,105

-243,132

61,199

-70,310

113,565

-9,381

-25,329

-19,397

-247,721

-403,640

-83,069

Adjustments to reconcile net income to net cash flow provided by operating activities:
Depreciation and amortization

-

-

-

-

-

419,079

324,129

251,085

230,332

227,304

233,967

246,374

Depreciation and amortization

165,087

242,102

346,204

389,519

402,045

-

-

-

-

-

-

-

Stock-based compensation

9,890

7,468

11,493

7,765

7,895

9,962

8,371

7,553

7,439

6,459

20,398

27,970

Amortization and write-off of debt issuance costs and fair market value of debt adjustments

3,976

16,354

7,472

2,147

-5,315

-

-

-

-

-

-

-

Loss on debt retirement, net

-

-

-

-

-

-

-

-505

-89

485

-

-

Accretion of convertible debt discount

-

-

-

-

-

-

-

-

-

-

12,238

15,255

Loss on debt extinguishment

0

-58,656

-63,204

0

0

-

-

-

-

-

145,050

10,455

Amortization and write-off of deferred finance charges and fair market value of debt adjustments

-

-

-

-

-

-6,488

4,930

-

-

-

-

-

Amortization and write-off of deferred finance costs

-

-

-

-

-

-

-

14,110

14,737

13,269

10,894

9,946

Accretion of convertible debt discount

-

-

-

-

9,953

11,377

10,789

10,884

14,914

8,204

-

-

Gain on equity derivative instruments

-

-

-

-

-

-

-

-

21,926

-40,157

-199,797

0

Settlement of accreted debt discount on repurchase of senior convertible notes

-

-

-

-

-

-

-

17,294

9,937

8,358

17,560

541

Net cash paid from interest rate hedging contracts

-

-

-

-

-

-

-

4,689

2,285

0

-

-

Net cash paid from interest rate hedging contracts

-

-

-

-

-

-

-

-

-

-

-

5,410

Equity in net income of joint ventures

11,519

9,365

8,837

15,699

-3,135

10,989

6,819

35,250

13,734

5,600

-9,733

17,719

Reserve of preferred equity interests

-

-

-

-

0

-

-

-

-

-

-

-

Reserve of preferred equity interests, net

15,500

11,400

61,000

0

-

-

-

-

-

-

-

-

Impairment of joint venture investments

-

-

-

-

1,909

30,652

980

26,671

-

-

-

-

Net gain on sale and change in control of interests

0

0

368

-1,087

7,772

87,996

19,906

78,127

-

-

-

-

Impairment of joint venture investments

-

-

-

-

-

-

-

-

2,921

227

184,584

106,957

Net gain on sale and change in control of interests

-

-

-

-

-

-

-

-

29,886

5,221

23,865

0

Gain on sale of joint venture stock

-

-

-

-

-

-

-

-

-

-

2,824

0

Operating cash distributions from joint ventures

12,168

8,799

7,413

8,210

8,382

10,749

15,116

13,165

9,424

7,334

10,889

24,427

Gain on disposition of real estate, net

31,380

225,406

161,164

73,386

167,571

-

-

-

-

-

-

-

Impairment charges

3,370

69,324

345,580

110,906

279,021

-

-

-

-

-

-

-

Valuation allowance of prepaid tax asset

0

0

-10,794

0

0

-

-

-

-

-

-

-

Assumption of buildings due to ground lease termination

0

2,150

8,585

0

-

-

-

-

-

-

-

-

Cash paid for interest rate hedging activities

0

4,538

0

0

-

-

-

-

-

-

-

-

Assumption of buildings due to lease terminations

-

-

-

-

0

-

-

-

-

-

-

-

Realized gain on sale of available-for-sale securities

-

-

-

-

-

1,416

0

0

-

-

-

-

Gain on disposition of real estate

-

-

-

-

-

99,069

11,741

9,710

47,242

7,093

-

-

(Gain) loss on disposition of real estate

-

-

-

-

-

-

-

-

-

-

-14,900

2,132

Impairment charges and loan loss reserve

-

-

-

-

-

38,552

72,597

130,771

130,844

171,900

160,112

-

Premium on issuance of senior notes

-

-

-

-

-

-

-

13,835

0

-

-

-

Impairment charges

-

-

-

-

-

-

-

-

-

-

-

85,264

Change in notes receivable accrued interest

-1,348

-1,349

2,705

9,487

8,048

8,259

5,756

6,314

1,784

3,005

-

-

Change in notes receivable interest reserve

-

-

-

-

-

-

-

-

-

-

9,683

0

Change in restricted cash

-

-

-

-

-

-7,060

-3,610

-3,290

4,317

10,876

-12,980

-

Net change in accounts receivable

-4,361

3,687

-2,470

-1,410

3,107

2,357

3,463

-326

-7,358

-21,045

-13,902

1,520

Transaction costs related to RVI spin-off

0

27,203

0

0

-

-

-

-

-

-

-

-

Net change in accounts payable and accrued expenses

-4,771

11,388

-3,661

-9,775

174

14,630

-18,651

2,580

1,760

4,323

-11,691

18,783

Net change in other operating assets and liabilities

-255

7,200

16,771

13,233

16,915

18,770

-9,169

-6,134

-3,885

-66,261

15,186

22,189

Total adjustments

168,329

147,313

653,539

399,464

503,786

306,717

383,355

329,525

292,592

525,845

632,575

475,010

Net cash flow provided by operating activities

270,154

263,418

410,407

460,663

-

420,282

373,974

304,196

273,195

278,124

228,935

391,941

Cash flow from investing activities:
Net cash flow provided by operating activities

-

-

-

-

433,476

-

-

-

-

-

-

-

Real estate acquired, net of liabilities and cash assumed

75,623

35,069

86,079

145,975

176,020

330,929

857,795

393,541

93,898

-

-

-

Real estate developed and improvements to operating real estate

109,364

123,517

115,361

162,926

305,725

260,897

210,709

193,363

123,963

-

-

-

Proceeds from disposition of real estate

109,509

938,051

624,250

758,064

488,229

977,189

236,219

172,231

-

-

-

-

Return of investments in joint ventures

-

-

-

-

-

-

-

-

-

-

19,565

-

Repayments of (advances to) joint venture advances, net

-

-

-

-

-

-

-

-

-

-

-

56,926

Distributions of proceeds from sale and refinancing of joint venture interests

-

-

-

-

-

-

-

-

-

-

-

12,154

Proceeds from sale of joint venture interest

-

-

-

-

-

-

-

-

-

-

-

28,211

Hurricane property insurance advance proceeds

0

20,193

10,000

0

0

-

-

-

-

-

-

-

Proceeds from disposition of real estate

-

-

-

-

-

-

-

-

-

-

348,176

133,546

Real estate developed or acquired, net of liabilities assumed

-

-

-

-

-

-

-

-

-

164,391

208,768

398,563

Proceeds from disposition of real estate and joint venture interest

-

-

-

-

-

-

-

-

344,231

156,374

-

-

Equity contributions to joint ventures

64,237

59,420

69,240

6,849

6,142

21,754

21,043

54,976

7,719

30,311

28,115

98,113

Distributions from unconsolidated joint ventures

22,339

34,620

27,885

26,793

18,123

25,693

-

-

-

-

-

-

Net transactions with RVI

-

-

-

0

-

-

-

-

-

-

-

-

Repayment of joint venture advances, net

-62,246

-77,151

-56,085

-

-

-

-

-

-

-

-

-

Issuance of joint venture advances, net

-

-

-

-

-

-

-

-

-

442

1,650

-

Distributions from sale and refinancing of joint venture interests

-

-

-

-

-

-

2,429

18,120

21,911

24,339

7,442

-

Return of investments in joint ventures

-

-

-

-

-

-

7,450

11,955

9,466

22,094

-

-

Purchase of available-for-sale securities

-

-

-

-

-

-

1,800

0

0

-

-

-

Proceeds from sale of available-for-sale securities

-

-

-

-

-

3,216

0

0

-

-

-

-

Issuance of notes receivable

-

-

-

11,139

0

0

26,555

10,239

10,000

62,958

-

-

Repayment of notes receivable

11,139

0

31,068

5,065

9,521

1,436

18,326

1,080

33,208

0

-

-

Repayment of joint venture advances, net

-

-

-

10,000

-82,634

-258,248

-41,000

-149,921

22,378

-

-

-

Net transactions with RVI

-33,596

33,681

0

-

-

-

-

-

-

-

-

-

Issuance of notes receivable

-

-

-

-

-

-

-

-

-

-

1,885

36,047

Change in restricted cash

-

-

-

-

-

-17,490

3,381

-10,224

-5,082

-86,173

-16,119

52,834

Net cash flow provided by investing activities

-10,395

818,328

478,608

473,033

-54,648

153,196

-897,859

-588,430

200,696

31,762

150,884

-468,572

Cash flow from financing activities:
Proceeds from (Repayment of) revolving credit facilities, net

-95,000

100,000

0

-210,000

182,371

2,110

-117,256

5,511

-

-

-

-

Repayments of revolving credit facilities, net

-

-

-

-

-

-

-

-

-138,098

-492,224

-

-

Repayments of revolving credit facilities, net

-

-

-

-

-

-

-

-

-

-

270,692

-343,201

Proceeds from issuance of senior notes, net of offering expenses

0

0

791,113

0

884,786

0

591,006

439,892

295,495

933,370

294,685

0

Repayment of senior notes, including repayment costs

0

1,206,619

958,509

240,000

502,996

0

0

445,682

207,858

541,606

854,720

158,239

Repayment of term loan and mortgage debt

2,372

1,006,065

542,486

-

-

-

-

-

-

-

-

-

Repayment of term loan and mortgage debt

-

-

-

195,495

1,068,924

497,238

519,881

785,588

-

-

-

-

Payment of debt issuance costs

4,998

32,825

7,295

43

4,605

1,046

3,999

-

-

-

-

-

Proceeds from mortgage payable and term loan

50,000

1,350,000

0

-

400,000

151,302

46,645

718,506

186,956

23,686

699,221

466,936

Proceeds from issuance of common shares related to the exercise of warrants

-

-

-

-

-

-

-

-

59,978

0

-

-

Proceeds from issuance of preferred shares, net of offering expenses

0

0

168,870

0

0

-

144,863

192,855

0

-

-

-

Repayment of term loans and mortgage debt

-

-

-

-

-

-

-

-

499,767

601,678

497,632

306,309

Payment of debt issuance costs

-

-

-

-

-

-

-

5,622

13,993

13,773

20,634

5,522

Redemption of preferred shares

200,031

0

0

-

-

55,000

150,000

170,000

180,000

0

-

-

Proceeds from issuance of common shares, net of offering expenses

194,600

0

0

13,536

2,325

11,635

788,045

492,129

129,684

440,430

317,505

41,352

Proceeds from mortgage payable

-

-

-

0

-

-

-

-

-

-

-

-

Repurchase of common shares in conjunction with equity award plans and dividend reinvestment plan

-718

4,770

21,677

-

-

-

-

-

-

-

-

-

Issuance (repurchase) of common shares in conjunction with equity award plans and dividend reinvestment plan

-

-

-

-

-

-494

-4,416

-

-

-

-

-

Proceeds from issuance of preferred shares, net of underwriting commissions and offering expenses, of $845 in 2012

-

-

-

-

-

-

-

-

-

0

-

-

Repurchase of common shares

14,069

36,341

0

0

-

-

-

3,841

6,655

1,763

-

-

Redemption of operating partnership units

0

736

232

0

0

-

-

-

-

-

-

-

Contribution of assets to RVI

0

52,358

0

0

-

-

-

-

-

-

-

-

Purchase of common shares in conjunction with equity award plans

-

-

-

-

-

-

-

-

-

-

3,079

-

Contributions from non-controlling interests

-

-

-

-

-

93

374

492

374

746

8,271

-

Distributions to non-controlling interests and redeemable operating partnership units

990

1,310

835

1,085

6,452

9,446

1,565

9,128

2,250

2,886

-

-

Repurchase of common shares in conjunction with the exercise of stock options and dividend reinvestment plan

-

-

-

-

-

-

-

-

-

-

-

-1,371

Contributions from non-controlling interests

-

-

-

-

-

-

-

-

-

-

-

55,039

Purchase of redeemable operating partnership units

-

-

-

-

-

-

-

-

-

-

-

46

Distributions to non-controlling interest and redeemable operating partnership units

-

-

-

-

-

-

-

-

-

-

1,984

-11,722

Dividends paid

180,698

281,332

305,819

293,905

265,277

240,551

194,497

154,761

75,720

61,367

52,289

369,765

Net cash flow provided by (used for) financing activities

-254,278

-1,162,816

-833,516

-926,992

-

-638,635

579,319

274,763

-451,854

-317,065

-381,348

56,296

Effect of foreign exchange rate changes on cash and cash equivalents

2

-4

0

1

-

-

-

-

-

-

-

-

Net cash flow used for financing activities

-

-

-

-

-378,772

-

-

-

-

-

-

-

Effect of foreign exchange rate changes on cash and cash equivalents

-

-

-

-

152

-

-

-

-

-

-

-

Net increase (decrease) in cash, cash equivalents and restricted cash

5,481

-81,070

55,499

6,704

56

-

-

-

-

-

-

-

Increase (decrease) in cash and cash equivalents

-

-

-

-

-

-65,157

55,434

-9,471

-

-

-

-

Increase in cash and cash equivalents

-

-

-

-

-

-

-

-

22,037

-7,179

-1,529

-20,335

Effect of exchange rate changes on cash and cash equivalents

-

-

-

-

-

-570

56

-561

-247

423

-1,793

282