Easterly government properties, inc. (DEA)
CashFlow / TTM
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)

10,623

8,224

7,256

9,135

4,363

6,659

7,544

6,179

5,663

5,389

6,084

6,095

5,929

5,497

4,121

3,811

3,739

-5,371

0

0

0

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

93,544

92,439

89,789

82,599

74,220

66,403

60,113

57,954

56,638

54,873

51,800

50,087

47,889

45,883

43,666

40,773

38,850

32,887

0

0

0

Straight line rent

2,011

2,276

3,060

4,130

4,804

5,637

5,659

5,362

4,446

2,782

1,467

634

239

108

72

88

196

220

0

0

0

Amortization of above- / below-market leases

-6,112

-6,320

-6,617

-7,319

-8,043

-8,593

-8,971

-8,817

-8,684

-8,517

-8,211

-7,962

-7,567

-7,153

-12,115

-8,899

-5,888

-4,866

0

0

0

Amortization of unearned revenue

1,637

1,007

377

276

235

194

151

103

105

106

110

110

109

105

0

0

0

-

-

-

-

Amortization of loan premium / discount

-80

-80

-80

-80

-81

-82

-83

-85

-85

-85

-85

-84

-85

-85

-86

-86

-90

-81

0

0

0

Amortization of deferred financing costs

1,449

1,413

1,376

1,359

1,336

1,279

1,271

1,270

1,215

1,181

1,098

983

934

899

864

859

856

756

0

0

0

Amortization of lease inducements

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contributions to investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

257

0

0

0

Net unrealized loss on investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5,122

0

0

0

Non-cash compensation

5,175

4,909

2,877

2,894

2,909

3,039

3,055

3,072

3,100

2,963

2,956

2,950

2,933

2,905

2,856

3,801

2,621

1,867

0

0

0

Net change in:
Rents receivable

2,095

4,708

5,472

7,400

5,081

2,729

2,097

473

1,212

1,428

697

598

874

1,902

1,654

725

1,263

4,868

0

0

0

Accounts receivable

1,101

4,130

6,608

5,169

3,739

2,343

1,654

1,452

4,171

3,524

3,396

3,037

1,908

2,903

1,279

944

603

331

0

0

0

Prepaid expenses and other assets

15,984

3,091

4,682

4,092

4,778

2,948

1,850

1,882

2,300

1,592

1,209

1,162

854

-87

476

851

1,326

779

0

0

0

Deferred revenue associated with operating leases

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable, accrued expenses and other liabilities

18,918

11,594

11,975

10,391

7,638

6,994

3,327

2,660

4,666

2,519

7,212

4,351

2,178

4,362

6,274

4,802

4,629

6,091

0

0

0

Net cash provided by operating activities

166,884

142,315

133,064

72,601

64,645

62,782

55,502

53,301

50,619

49,231

53,975

50,879

48,227

47,377

47,405

43,979

41,196

29,950

0

0

0

Real estate acquisitions and deposits

276,534

394,480

401,874

639,558

550,494

402,569

377,675

163,672

348,946

392,588

370,882

288,415

178,337

168,719

258,166

265,659

184,371

170,188

0

0

0

Cash assumed in formation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,187

0

0

0

Additions to operating properties

10,871

7,196

6,254

5,438

5,696

5,691

5,791

5,472

4,714

3,948

2,855

1,933

1,346

1,298

0

0

0

-

-

-

-

Additions to development properties

60,217

60,608

64,464

71,202

66,881

58,483

43,208

27,091

20,208

9,877

0

0

0

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-378

28

-64

98

0

0

0

Net cash used in investing activities

-327,679

-442,341

-452,649

-696,255

-623,071

-466,743

-416,135

-185,696

-363,329

-395,874

-379,720

-294,702

-180,241

-170,281

-258,794

-266,274

-184,810

-164,552

0

0

0

Cash flows from financing activities
Additions to real estate property

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Payment of deferred financing costs

-

-

-

-

-

-

-

-

-

3,440

0

0

0

-

-

-

-

3,523

0

0

0

Issuance of common shares

132,268

258,556

226,595

158,054

415,307

297,805

0

0

0

-

-

-

-

-

-

-

-

193,545

0

0

0

Repurchase of initial shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

0

0

0

Proceeds from private placement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

75,638

0

0

0

Credit facility draws

214,750

337,000

442,500

431,000

337,750

163,000

110,500

72,000

99,250

161,000

122,000

141,500

119,000

87,250

208,000

205,250

188,000

184,917

0

0

0

Credit facility repayments

363,250

471,750

475,500

169,000

252,000

128,000

136,750

140,000

158,667

273,417

269,417

271,667

145,250

29,500

0

0

0

-

-

-

-

Term loan draws

-

-

-

-

-

-

-

-

-

100,000

0

0

0

-

-

-

-

-

-

-

-

Repayments of mortgage notes payable

3,425

3,391

3,356

3,307

3,262

3,189

3,119

3,064

3,008

2,977

2,947

2,916

2,886

2,857

2,782

2,656

2,532

2,163

0

0

0

Debt payoff

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

293,381

0

0

0

Dividends and distributions paid

85,547

81,894

78,522

75,469

69,965

65,956

61,238

55,812

52,555

49,180

46,532

43,857

42,586

40,294

0

0

0

-

-

-

-

Distributions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5,441

0

0

0

Payment of offering costs

1,723

7,055

6,681

6,134

16,585

11,321

0

0

0

-

-

-

-

-

-

-

-

1,962

0

0

0

Net cash provided by financing activities

166,077

304,470

377,882

484,740

557,771

398,865

361,526

276,566

319,444

356,353

330,068

248,047

133,144

119,483

211,281

222,590

136,072

111,341

0

0

0

Net increase in Cash and cash equivalents and Restricted cash

5,282

4,444

58,297

-138,914

-655

-5,096

893

144,171

6,734

9,710

4,323

4,224

1,130

-3,421

-108

295

-7,542

-23,261

0

0

0

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

32,395

29,120

29,867

26,008

23,875

21,289

19,946

20,782

16,472

15,165

10,143

8,972

8,205

7,438

6,849

6,070

4,905

4,051

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Deferred offering accrued, not paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Offering costs accrued, not paid

64

65

58

-236

-7

8

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Deferred asset acquisition costs accrued, not paid

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized loss on interest rate swaps, net

-14,890

-8,061

-14,189

-11,976

-6,141

-1,265

3,870

3,353

1,997

246

0

0

0

-

-

-

-

-

-

-

-

Deferred financing accrued, not paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Contribution for shares and OPUs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

260,687

0

0

0

Properties acquired for Common Units

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

5,932

5,828

0

0

0

-

-

-

-

20,672

0

0

0

-

-

-

-

-

-

-

-

Common stock

0

-

-

-

-

-

-

-

-

14

0

0

0

-

-

-

-

-

-

-

-

Additional paid-in capital

5,927

5,824

0

0

0

-

-

-

-

20,658

0

0

0

-

-

-

-

-

-

-

-

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

2,744

1,465

640

522

782

460

30

688

346

265

0

0

0

-

-

-

-

-

-

-

-

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

10,823

13,274

10,123

16,169

19,799

11,469

16,635

10,701

5,733

3,293

0

0

0

-

-

-

-

-

-

-

-