Easterly government properties, inc. (DEA)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15
Cash flows from operating activities
Net income (loss)

1,918

1,611

603

6,491

-481

643

2,482

1,719

1,815

1,528

1,117

1,203

1,541

2,223

1,128

1,037

1,109

847

818

965

-8,001

Adjustments to reconcile net income (loss) to net cash provided by operating activities
Depreciation and amortization

23,556

23,722

23,299

22,967

22,451

21,072

16,109

14,588

14,634

14,782

13,950

13,272

12,869

11,709

12,237

11,074

10,863

9,492

9,344

9,151

4,900

Straight line rent

709

600

110

592

974

1,384

1,180

1,266

1,807

1,406

883

350

143

91

50

-45

12

55

66

63

36

Amortization of above- / below-market leases

-1,521

-1,559

-1,517

-1,515

-1,729

-1,856

-2,219

-2,239

-2,279

-2,234

-2,065

-2,106

-2,112

-1,928

-1,816

-1,711

-1,698

-6,890

1,400

1,300

-676

Amortization of unearned revenue

697

697

176

67

67

67

75

26

26

24

27

28

27

28

27

27

23

-

-

-

-

Amortization of loan premium / discount

-20

-20

-20

-20

-20

-20

-20

-21

-21

-21

-22

-21

-21

-21

-21

-22

-21

-22

-21

-26

-12

Amortization of deferred financing costs

378

378

350

343

342

341

333

320

285

333

332

265

251

250

217

216

216

215

212

213

116

Amortization of lease inducements

207

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contributions to investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

257

Net unrealized loss on investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-5,122

Non-cash compensation

1,000

2,764

714

697

734

732

731

712

864

748

748

740

727

741

742

723

699

692

1,687

-457

-55

Net change in:
Rents receivable

-1,252

1,561

218

1,568

1,361

2,325

2,146

-751

-991

1,693

522

-12

-775

962

423

264

253

714

-506

802

3,858

Accounts receivable

-1,069

26

2,427

-283

1,960

2,504

988

-1,713

564

1,815

786

1,006

-83

1,687

427

-123

912

63

92

-464

640

Prepaid expenses and other assets

17,336

-533

492

-1,311

4,443

1,058

-98

-625

2,613

-40

-66

-207

1,905

-423

-113

-515

964

140

262

-40

417

Deferred revenue associated with operating leases

20,646

-

-

-

6

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable, accrued expenses and other liabilities

8,802

-885

8,623

2,378

1,478

-504

7,039

-375

834

-4,171

6,372

1,631

-1,313

522

3,511

-542

871

2,434

2,039

-715

2,333

Net cash provided by operating activities

38,545

22,938

80,944

24,457

13,976

13,687

20,481

16,501

12,113

6,407

18,280

13,819

10,725

11,151

15,184

11,167

9,875

11,179

11,758

8,384

-1,371

Real estate acquisitions and deposits

30,305

67,522

69,393

109,314

148,251

74,916

307,077

20,250

326

50,022

93,074

205,524

43,968

28,316

10,607

95,446

34,350

117,763

18,100

14,158

20,167

Cash assumed in formation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

6,187

Additions to operating properties

4,570

2,569

2,455

1,277

895

1,627

1,639

1,535

890

1,727

1,320

777

124

634

398

190

76

-

-

-

-

Additions to development properties

18,417

15,736

11,028

15,036

18,808

19,592

17,766

10,715

10,410

4,317

1,649

3,832

79

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-125

36

-215

-74

281

-56

-53

Net cash used in investing activities

-53,292

-85,827

-82,876

-105,684

-167,954

-96,135

-326,482

-32,500

-11,626

-45,527

-96,043

-210,133

-44,171

-29,373

-11,025

-95,672

-34,211

-117,886

-18,505

-14,208

-13,953

Cash flows from financing activities
Additions to real estate property

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

106

26

Payment of deferred financing costs

-

-

-

-

-

-

-

-

-

42

173

3,207

18

-

-

-

-

126

0

18

3,379

Issuance of common shares

4,883

31,961

68,541

26,883

131,171

0

0

284,136

13,669

-

-

-

-

-

-

-

-

0

0

0

193,545

Repurchase of initial shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1

Proceeds from private placement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

75,638

Credit facility draws

56,500

0

50,000

108,250

178,750

105,500

38,500

15,000

4,000

53,000

0

42,250

65,750

14,000

19,500

19,750

34,000

134,750

16,750

2,500

30,917

Credit facility repayments

20,500

0

312,000

30,750

129,000

3,750

5,500

113,750

5,000

12,500

8,750

132,417

119,750

8,500

11,000

6,000

4,000

-

-

-

-

Term loan draws

-

-

-

-

-

-

-

-

-

0

0

0

100,000

-

-

-

-

-

-

-

-

Repayments of mortgage notes payable

870

861

852

842

836

826

803

797

763

756

748

741

732

726

717

711

703

651

591

587

334

Debt payoff

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

293,381

Dividends and distributions paid

22,086

21,787

21,398

20,276

18,433

18,415

18,345

14,772

14,424

13,697

12,919

11,515

11,049

11,049

10,244

10,244

8,757

-

-

-

-

Distributions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-5,441

Payment of offering costs

122

374

785

442

5,454

0

238

10,893

190

-

-

-

-

-

-

-

-

0

0

207

1,755

Net cash provided by financing activities

17,805

8,831

56,618

82,823

156,198

82,243

163,476

155,854

-2,708

44,904

78,516

198,732

34,201

18,619

-3,505

83,829

20,540

110,417

7,804

-2,689

-4,191

Net increase in Cash and cash equivalents and Restricted cash

3,058

-54,058

54,686

1,596

2,220

-205

-142,525

139,855

-2,221

5,784

753

2,418

755

397

654

-676

-3,796

3,710

1,057

-8,513

-19,515

Supplemental disclosure of cash flow information is as follows (amounts in thousands):
Cash paid for interest, net of capitalized interest

9,358

7,525

6,110

9,402

6,083

8,272

2,251

7,269

3,497

6,929

3,087

2,959

2,190

1,907

1,916

2,192

1,423

1,318

1,137

1,027

569

Non-cash investing and financing activities:
Additions to properties accrued, not paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7

Deferred offering accrued, not paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

207

Offering costs accrued, not paid

1

7

56

0

2

0

-238

229

17

-

-

-

-

-

-

-

-

-

-

-

-

Deferred asset acquisition costs accrued, not paid

151

-

165

-47

70

-

-170

248

8

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized loss on interest rate swaps, net

-9,846

1,936

-1,807

-5,173

-3,017

-4,192

406

662

1,859

943

-111

-694

108

-

-

-

-

-

-

-

-

Deferred financing accrued, not paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18

Contribution for shares and OPUs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

260,687

Properties acquired for Common Units

21,550

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Exchange of Common Units for Shares of Common Stock
Non-controlling interest in Operating Partnership

597

813

3,510

1,012

493

-

-

-

-

271

535

18,139

1,727

-

-

-

-

-

-

-

-

Common stock

1

-

-

-

-

-

-

-

-

0

1

12

1

-

-

-

-

-

-

-

-

Additional paid-in capital

596

812

3,508

1,011

493

-

-

-

-

271

534

18,127

1,726

-

-

-

-

-

-

-

-

Operating Properties [Member]
Additions to properties accrued, not paid

1,784

701

50

209

505

-124

-68

469

183

-554

590

127

102

-

-

-

-

-

-

-

-

Development Properties [Member]
Additions to properties accrued, not paid

8,411

559

596

1,257

10,862

-2,592

6,642

4,887

2,532

2,574

708

-81

92

-

-

-

-

-

-

-

-