Douglas emmett, inc. (DEI)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Operating Activities
Net income

418,698

128,612

104,427

96,090

68,755

52,854

52,837

28,345

2,258

-32,956

-34,157

-35,913

Adjustments to reconcile net income to net cash provided by operating activities:
Income (Loss) from Equity Method Investments

6,923

6,400

5,905

7,812

7,694

3,713

3,098

-1,710

-2,867

-6,971

-3,279

-

Variable Interest Entity, Initial Consolidation, Gain (Loss)

307,938

0

0

-

-

-

-

-

-

-

-

-

Gain from insurance recoveries for damage to real estate

-

-

-

-

82

6,621

431

0

-

-

-

-

Gains on sales of investments in real estate

-

-

-

14,327

0

0

-

-

-

-

-

-

Depreciation and amortization

357,743

309,864

276,761

248,914

205,333

202,512

191,351

184,849

205,696

225,030

226,620

248,011

Net accretion of acquired lease intangibles

-16,264

-22,025

-18,006

-18,198

-19,100

-16,084

-15,693

-18,094

-20,466

26,260

32,468

42,905

Straight-line rent

10,100

18,800

12,900

13,599

4,840

5,335

2,580

3,841

9,748

-

-

-

Write-off of uncollectible amounts

4,103

2,154

406

422

223

-461

-3,988

-4,392

-

-

-

-

Gain on disposition of interest in unconsolidated real estate fund

-

-

-

-

-

-

-

-

-

-

5,573

-

Non-cash profit sharing allocation to consolidated real estate fund

-

-

-

-

-

-

-

-

-

-

660

-431

Deferred loan costs amortized and written off

14,314

8,292

10,834

8,927

6,969

4,097

4,214

4,211

4,512

2,424

2,018

2,083

Amortization of loan premium

-261

-205

0

0

-

-

0

-1,060

-9,073

-5,326

-5,026

4,742

Derivative non-cash adjustments

0

0

-51

196

66

-50

-88

-8,956

-16,497

-17,610

-20,062

-13,805

Share-based Payment Arrangement, Noncash Expense

18,359

22,299

18,478

17,400

15,234

13,722

10,005

10,581

7,995

10,127

5,101

4,400

Operating distributions from unconsolidated Funds

6,820

6,400

5,905

2,668

1,068

909

783

752

1,084

226

-

-

Change in working capital components:
Tenant receivables

4,712

3,545

1,221

680

-13

-78

331

-4,113

-131

-766

132

467

Deferred rent receivables

-

-

-

-

-

-

-

-

-

8,538

8,961

12,234

Interest payable, accounts payable and deferred revenue

-6,844

1,376

24,942

10,712

4,557

2,668

8,816

-6,873

1,498

-11,276

9,739

3,403

Security deposits

1,919

319

4,424

7,307

1,233

1,980

1,186

330

2,104

-935

-75

1,274

Other assets

-706

-4,654

5,544

-1,773

176

-59

-383

-786

-3,799

-11,079

744

-6,547

Net cash provided by operating activities

469,586

432,982

402,697

339,449

271,427

246,715

243,542

210,373

208,892

188,942

180,343

182,831

Investing Activities
Capital expenditures for improvements to real estate

176,448

179,062

108,326

91,826

75,541

84,444

66,907

60,158

55,963

53,827

-

-

Capital expenditures for developments

61,660

68,459

63,018

27,720

3,720

4,259

549

0

-

-

-

-

Property acquisitions

365,885

0

537,669

1,619,759

89,906

220,469

150,000

0

0

229,571

42,151

684,623

Cash assumed from consolidation of JV

39,226

0

0

-

-

-

-

-

-

-

-

-

Insurance recoveries for damage to real estate

-

-

-

-

82

6,506

431

0

-

-

-

-

Deposits for property acquisitions

-

-

-

-

75,000

2,500

0

0

-

-

-

-

Proceeds from sale of investments in real estate, net

-

-

-

348,203

0

0

-

-

-

-

-

-

Note receivable

-

-

-

-

0

27,500

0

0

-

-

-

-

Proceeds from repayment of note receivable

-

-

-

-

1,000

0

-

-

-

-

-

-

Loans to related parties

-

-

-

-

2,000

0

2,882

0

0

-

-

-

Loan payments received from related parties

-

-

-

763

2,719

1,187

213

0

0

-

-

-

Deconsolidation of Douglas Emmett Fund X, LLC

-

-

-

-

-

-

-

-

-

-

6,625

-

Contributions to unconsolidated real estate funds

-

-

-

-

11

0

26,405

2,604

9,211

26,923

0

-

Acquisition of additional interests in unconsolidated Fund

90,754

9,379

4,142

0

-

-

8,004

33,454

0

0

-

-

Capital distributions from unconsolidated Funds

5,853

7,349

43,560

24,170

10,788

11,514

7,518

4,699

4,164

5,643

0

-

Net cash used in investing activities

-649,668

-249,551

-669,595

-1,366,169

-231,589

-319,965

-246,585

-91,517

-61,010

-304,678

-48,776

-684,623

Financing Activities
Proceeds from borrowings

2,185,000

667,000

1,410,500

2,109,500

1,614,400

551,000

40,000

440,000

1,745,000

788,080

82,640

1,563,275

Refund of loan deposit

-

-

-

-

-

-

-

-

0

0

-

-

Repayment of borrowings

2,095,718

655,326

1,698,544

1,335,580

1,415,528

356,850

240,000

621,956

1,779,904

388,080

106,665

946,400

Loan cost payments

21,348

2,992

11,442

24,586

14,232

1,974

2,596

2,125

13,400

10,168

446

6,810

Net change in short-term borrowings

-

-

-

-

-

-

-

-

-

-

-25,275

-25,025

Payment of refundable loan deposit

-

-

-

-

-

-

0

-1,575

1,575

-

0

-

Contributions by Douglas Emmett Fund X, LLC investors

-

-

-

-

-

-

-

-

-

-

66,074

57,746

Contributions from noncontrolling interests in consolidated JVs

163,556

0

284,248

459,752

0

290

653

0

10

167

450

319

Distributions paid to noncontrolling interests

64,534

52,142

38,101

35,478

23,265

22,813

21,237

18,315

15,090

13,400

16,742

27,880

Repurchase of common stock

-

-

-

-

-

-

-

-

-

-

5,337

-

Dividends paid to common stockholders

179,667

169,831

146,026

130,821

122,510

115,039

102,422

80,056

57,777

48,976

59,301

87,531

Proceeds from exercise of stock options

-

-

-

-

4,272

603

0

0

-

-

-

668

Taxes paid on exercise of stock options

0

450

53,084

53,491

0

0

-

-

-

-

-

-

Distributions of capital to noncontrolling interests

-

-

-

-

-

-

0

10

0

400

0

-

Repurchase of stock options

-

-

-

-

0

4,524

0

0

-

-

-

-

Repurchase of OP Units

734

108

10,104

826

0

2,826

352

0

0

-

-

-

Redemption of noncontrolling interests

-

-

-

-

-

-

-

-

-

-

2,880

23,758

Proceeds from issuance of common stock, net

200,983

0

593,169

49,379

0

0

0

128,257

117,752

0

0

-

Termination of interest rate contracts

-

-

-

-

-

-

-

-

8,340

-11,808

0

-

Net cash used in financing activities

187,538

-213,849

330,616

1,037,849

43,137

47,867

-325,954

-152,630

-13,324

315,415

-67,482

504,604

Increase in cash and cash equivalents and restricted cash

7,456

-30,418

63,718

11,129

82,975

-25,383

-328,997

-33,774

134,558

199,679

64,085

2,812

Supplemental Cash Flows Information
Operating Activities
Cash paid for interest, net of capitalized interest

128,205

124,487

135,824

137,884

128,178

123,967

127,110

134,830

-

-

-

-

Capitalized interest paid

3,782

3,520

2,745

1,193

940

294

75

0

-

-

-

-

Non-cash Investing Transactions
Accrual for real estate and development capital expenditures

35,398

24,702

3,776

7,182

1,504

952

2,455

2,233

-

-

-

-

Share-based Payment Arrangement, Amount Capitalized

4,698

5,006

2,537

1,500

1,358

1,086

-

-

-

-

-

-

Removal of fully depreciated and amortized tenant improvements and lease intangibles

88,205

75,729

53,687

146,739

33,115

167,174

0

0

-

-

-

-

Removal of fully amortized acquired lease intangible assets

2,132

1,582

414

1,306

220

32,230

0

0

-

-

-

-

Removal of fully accreted acquired lease intangible liabilities

29,660

15,431

5,057

56,278

49,576

137,313

0

0

-

-

-

-

Recognition of ground lease right-of-use asset - Adoption of ASU 2016-02

10,885

-

-

-

-

-

-

-

-

-

-

-

Above-market ground lease intangible liability offset against right-of-use asset - Adoption of ASU 2016-02

3,408

-

-

-

-

-

-

-

-

-

-

-

Recognition of ground lease liability - Adoption of ASU 2016-02

10,885

-

-

-

-

-

-

-

-

-

-

-

Application of deposit to acquisition of real estate

-

-

-

75,000

2,500

0

-

-

-

-

-

-

Non-cash Financing Transactions
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Adoption Of New Principle

0

211

0

0

-

-

-

-

-

-

-

-

Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification and Tax

-76,273

22,723

-

-

-

-

-

-

-

-

-

-

Gain recorded in AOCI

-

-

16,512

14,192

-

-

-

-

-

-

-

-

Accrual for deferred loan costs

1,416

0

0

-

-

-

-

-

-

-

-

-

Assumption of term loan for acquisition of real estate

0

0

36,460

0

-

-

-

-

-

-

-

-

Non-cash contributions from noncontrolling interests in consolidated JVs

12,444

0

0

-

-

-

-

-

-

-

-

-

Non-cash distributions to noncontrolling interests

12,444

0

0

-

-

-

-

-

-

-

-

-

Gain (loss) recorded in AOCI - derivatives

-

-

-

-

-11,549

-11,116

-

-

-

-

-

-

Dividends, Common Stock, Cash

184,515

171,695

153,568

133,356

124,410

116,941

-

-

-

-

-

-

Exchange of OP Units for common stock

3,540

10,292

14,242

23,060

23,703

30,035

-

-

-

-

-

-

Settlement of note receivable in exchange for land and building acquired

-

-

-

-

26,500

0

-

-

-

-

-

-

Issuance of OP Units for acquisition of real estate

0

0

105,687

0

1,000

0

-

-

-

-

-

-

OP Units Issued For Acquisition Of Interest In Unconsolidated Fund

14,390

0

0

-

-

-

-

-

-

-

-

-

Accrual for dividends payable to common stockholders

-

-

-

-

-

-

28,521

25,424

-

-

-

-

Operating Partnership units redeemed with shares of the Company's common stock

-

-

-

-

-

-

18,685

44,908

-

-

-

-

Investing activity related to contribution of properties to unconsolidated real estate fund

-

-

-

-

-

-

-

-

-

-

476,852

-

Financing activity related to contribution of debt and noncontrolling interest to unconsolidated real estate fund

-

-

-

-

-

-

-

-

-

-

-483,477

-

Cash paid during the year for interest

-

-

-

-

-

-

-

-

135,278

158,641

163,244

172,686

Unconsolidated Funds
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification and Tax

-5,023

3,052

-

-

-

-

-

-

-

-

-

-

Unconsolidated Fund
Gain recorded in AOCI

-

-

3,275

8

-

-

-

-

-

-

-

-

Fund X [Member]
Gain (loss) from market value adjustments

-

-

-

-

-1,922

-

-

-

-

-

-

-