Douglas Emmett, Inc. DEI Cash Flow

Douglas emmett, inc. (DEI)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	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
Net income
29,714	322,629	23,421	39,860	32,788	23,532	35,416	37,033	32,631	31,986	28,508	22,153	21,780	22,466	35,798	21,780	16,046	16,606	14,159	15,894	22,096	12,798	8,681	15,917	15,458	10,504	12,743	14,978	14,612	7,340	6,228	8,075	6,702	4,408	4,404	-6,209	-345	-6,439	-4,743	-11,305	-10,469
Adjustments to reconcile net income to net cash provided by operating activities:
Income (Loss) from Equity Method Investments
323	1,334	1,831	2,207	1,551	1,878	1,348	1,668	1,506	1,478	1,137	1,113	2,177	2,248	2,334	1,644	1,586	4,146	898	1,207	1,443	988	665	947	1,113	-237	811	1,335	1,189	1,054	-663	-1,117	-984	-803	-285	-255	-1,524	-1,457	-1,810	-2,200	-1,504
Gain from insurance recoveries for damage to real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	475	1,320	2,341	2,485	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
97,777	108,867	90,279	78,724	79,873	89,920	74,067	73,379	72,498	70,620	69,974	68,793	67,374	66,967	63,827	62,568	55,552	52,024	52,229	51,246	49,834	51,263	50,111	50,939	50,199	49,823	47,402	48,102	46,024	45,778	46,546	46,728	45,797	45,557	45,872	57,114	57,153	57,156	57,621	54,921	55,332
Net accretion of acquired lease intangibles
-4,256	-3,745	-4,003	-4,396	-4,120	-4,782	-4,948	-6,143	-6,152	-4,716	-4,814	-4,284	-4,192	-4,783	-5,101	-5,010	-3,304	-3,294	-2,866	-3,140	-9,800	-5,578	-3,412	-3,543	-3,551	-3,723	-3,948	-3,968	-4,054	-4,131	-23,299	4,459	4,877	-36,203	5,056	5,319	5,362	5,829	6,504	6,637	7,290
Straight-line rent
-1,406	802	2,614	2,315	4,369	6,085	3,524	4,019	5,172	3,888	2,982	2,442	3,588	2,684	3,279	4,717	2,919	377	1,097	1,141	2,225	1,958	2,277	-465	1,565	-2,137	2,318	439	1,960	-	-	-	-	-	-	-	-	-	-	-	-
Write-off of uncollectible amounts
1,696	4,845	-751	-1,679	1,688	589	230	-356	1,691	267	-365	510	-6	-768	74	437	679	72	-86	372	-135	-479	1,541	-1,535	12	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred loan costs amortized and written off
1,876	3,711	6,223	2,463	1,917	2,007	2,006	1,970	2,309	3,969	2,343	2,424	2,098	3,457	2,235	1,916	1,319	1,833	1,162	2,174	1,800	1,070	1,022	1,005	1,000	1,242	913	913	1,146	922	1,238	896	1,155	957	1,250	926	1,379	1,088	506	409	421
Amortization of loan premium
-215	-108	-51	-51	-51	-52	-51	-51	-51	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-1,060	-341	-3,081	-854	-4,797	-1,361	-1,341	-1,322	-1,302
Derivative non-cash adjustments
-	-	-	-	-	-	-	-	-	-13	-13	-12	-13	196	0	0	0	-	-	-	-	0	-7	-22	-21	-21	-23	-20	-24	-	-	-	-4,412	-1,835	-2,560	-6,064	-6,038	-5,045	-3,111	-4,783	-4,671
Share-based Payment Arrangement, Noncash Expense
2,941	10,964	2,395	2,370	2,630	13,420	2,879	2,949	3,051	10,568	2,610	2,600	2,700	10,323	2,338	2,360	2,379	9,261	2,073	2,000	1,900	9,673	1,347	1,338	1,364	5,445	1,528	1,470	1,562	5,957	1,572	1,603	1,449	2,287	1,954	1,951	1,803	5,869	760	1,938	1,560
Operating distributions from unconsolidated Funds
394	1,231	1,833	2,205	1,551	1,878	1,348	1,668	1,506	1,478	1,137	1,113	2,177	1,312	463	518	375	306	227	249	286	249	177	233	250	225	187	194	177	172	172	202	206	-	-	-	-	-	-	-	-
Change in working capital components:
Tenant receivables
2,195	4,712	-837	-1,761	2,598	-80	2,009	34	1,582	391	-38	-352	1,220	-771	-36	-953	2,440	-61	-428	934	-458	-60	408	-160	-266	68	42	214	7	-3,747	-628	489	-227	-98	268	-653	352	-330	665	287	-1,388
Deferred rent receivables
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,058	-	1,660	1,871	3,425	1,996	2,134	2,214	2,194
Interest payable, accounts payable and deferred revenue
24,787	-27,128	22,506	-27,591	25,369	-20,973	17,375	-11,970	16,944	-15,168	23,392	-5,923	22,641	-26,677	24,934	-5,989	18,444	-10,032	11,456	-6,586	9,719	-18,562	20,344	-11,318	12,204	-11,472	17,103	-10,857	14,042	-13,780	10,464	-8,715	5,158	-6,602	9,863	-8,095	6,332	-8,299	1,700	-11,075	6,398
Security deposits
-567	1,614	-196	432	69	-40	264	566	-471	1,615	417	2,229	163	-154	2,389	741	4,331	620	654	968	-1,009	1,209	150	519	102	60	-75	915	286	62	149	-127	246	290	669	666	479	-469	-19	-55	-392
Other assets
-475	-2,558	7,250	-6,105	707	-3,536	5,778	-4,975	-1,921	905	9,043	-4,623	219	-5,952	9,243	-4,099	-965	-2,908	7,868	-3,359	-1,425	-3,724	7,391	-2,453	-1,273	-2,806	5,002	-1,347	-1,232	-3,301	6,641	-2,332	-1,794	-3,724	3,315	-2,644	-746	-5,229	-3,238	-3,521	909
Net cash provided by operating activities
153,510	110,618	130,792	95,687	132,489	101,139	115,963	98,263	117,617	94,015	110,080	91,050	107,552	73,786	98,892	76,930	89,841	65,776	69,456	63,269	72,926	52,006	67,907	53,367	73,435	52,818	67,703	51,126	71,895	44,391	56,118	49,729	60,135	46,317	53,477	47,925	61,173	52,007	53,340	34,877	48,718
Investing Activities
Capital expenditures for improvements to real estate
32,530	48,273	44,231	37,446	46,498	63,099	42,836	47,868	25,259	28,224	28,732	26,090	25,280	34,055	22,588	19,627	15,556	22,708	15,243	17,064	20,526	21,166	20,882	22,150	20,246	17,210	13,976	16,179	19,542	15,795	14,470	12,234	17,659	16,013	13,747	14,085	12,118	-	-	-	-
Capital expenditures for developments
25,883	16,904	14,429	12,762	17,565	19,952	22,033	15,456	11,018	20,875	18,497	13,741	9,905	9,085	12,668	4,555	1,412	1,084	562	1,407	667	1,160	1,815	558	726	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	-	-1	362,247	0	1,257,513	0	0	0	89,906	220,469	0	0	0	-	-	-	-	0	0	0	0	0	0	0	0	-37,842	15,187	241,050	11,176
Insurance recoveries for damage to real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,270	0	3,536	700	431	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Deposits for property acquisitions
-	-	-	-	-	-	-	-	-	-	-	-14,000	24,000	-	-	5,000	0	-	-	-	-	-	-	-	-	-	-	-	5,000	-	-	-	-	-	-	-	-	-	-	-	-
Note receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	27,500	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from repayment of note receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan payments received from related parties
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	763	1,813	300	299	307	305	583	0	299	213	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Contributions to unconsolidated real estate funds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	26,399	6	0	0	-10	2,614	-	-	-	-	-	-	-	-
Acquisition of additional interests in unconsolidated Fund
6,591	83,236	0	7,518	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	16	0	7,988	0	6	0	33,448	-	-	-	-	-	-	-	-
Capital distributions from unconsolidated Funds
219	2	1,982	1,644	2,225	1,483	2,092	1,821	1,953	1,595	2,003	38,555	1,407	2,197	3,134	3,066	15,773	5,077	1,658	1,993	2,060	2,850	2,962	2,958	2,744	2,763	2,563	1,050	1,142	1,246	1,112	1,089	1,252	138	1,191	1,775	1,060	-	-	-	-
Net cash used in investing activities
-64,785	-110,601	-56,623	-420,606	-61,838	-81,568	-72,156	-61,503	-34,324	-54,420	-213,527	-343,870	-57,778	-40,942	-282,219	214,937	-1,257,945	-93,889	-13,777	-16,191	-107,732	-236,870	-22,152	-16,214	-44,729	-14,141	-72,640	-128,410	-31,394	-14,549	-13,364	-11,135	-52,469	-15,875	-12,556	-21,521	-11,058	-28,534	-18,237	-246,731	-11,176
Financing Activities
Proceeds from borrowings
30,000	402,443	950,239	760,000	72,318	70,000	62,000	50,000	485,000	400,000	77,500	845,000	88,000	520,000	215,000	474,500	900,000	515,000	437,000	448,000	214,400	362,000	88,000	101,000	0	-	-	-	-	0	285,000	0	155,000	0	885,000	0	860,000	-	-	-	-
Repayment of borrowings
30,185	362,626	1,075,419	580,178	77,495	60,175	48,172	44,171	502,808	367,599	344,876	917,924	68,145	549,424	92,645	662,317	31,194	354,949	517,303	397,052	146,224	136,920	98,000	101,430	20,500	150,000	0	0	90,000	0	100,000	0	521,956	0	926,644	0	853,260	-	-	-	-
Loan cost payments
247	4,793	9,930	5,176	1,449	28	40	139	2,785	4,269	284	6,804	85	6,347	3,664	3,131	11,444	6,068	3,523	3,681	960	1,597	65	230	82	2,439	3	2	152	3	1,365	43	714	213	6,242	1,872	5,073	5,485	4,578	103	2
Payment of refundable loan deposit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,845	-1,575	-	-	-	-	-	-	-	-
Contributions from noncontrolling interests in consolidated JVs
-	-	-	-	-	-	-	-	-	0	96,000	187,998	250	2	139,750	0	320,000	0	0	0	0	40	0	0	250	69	251	333	0	-	-	-	-	-	-	-	-	-	-	-	-
Distributions paid to noncontrolling interests
18,366	17,278	15,726	15,770	15,760	13,020	13,008	13,029	13,085	9,419	9,480	9,570	9,632	9,293	9,398	10,689	6,098	5,716	5,732	5,822	5,995	5,498	5,633	5,724	5,958	5,244	5,246	5,254	5,493	4,547	4,700	4,840	4,228	4,126	4,394	3,308	3,262	3,259	3,330	3,391	3,420
Dividends paid to common stockholders
48,907	45,591	45,558	44,255	44,263	42,483	42,480	42,477	42,391	38,981	36,970	35,223	34,852	33,246	32,828	32,425	32,322	30,735	30,721	30,632	30,422	28,959	28,825	28,734	28,521	25,668	25,668	25,662	25,424	21,113	20,960	20,944	17,039	16,616	16,318	12,430	12,413	12,350	12,263	12,203	12,160
Proceeds from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,449	0	0	1,823	603	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Taxes paid on exercise of stock options
-	-	-	-	-	0	136	1	313	217	163	0	52,704	24	1,018	52,004	445	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in taxable REIT subsidiary
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	10	-	0	0	0
Distributions of capital to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	10	0	0	0	0	0	0	0	400
Repurchase of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,670	2,854	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of OP Units
7	0	227	0	507	0	0	108	0	-	-	-	-	-	-	-	-	-	-	-	-	-1	0	0	2,827	0	-1	353	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of common stock, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	128,257	-	-	-	-	-	-	-	-
Net cash used in financing activities
-67,712	-27,844	-196,621	479,159	-67,156	-45,706	-41,836	-49,925	-76,382	-30,692	98,038	340,438	-77,168	-78,332	264,576	-286,892	1,138,497	119,981	-120,279	10,813	32,622	191,220	-46,073	-36,788	-60,492	-143,282	-30,665	-30,938	-121,069	-25,663	164,245	-32,097	-259,115	26,928	-23,453	-2,801	-13,998	-32,735	225,329	138,803	-15,982
Increase in cash and cash equivalents and restricted cash
21,013	-27,827	-122,452	154,240	3,495	-26,135	1,971	-13,165	6,911	8,903	-5,409	87,618	-27,394	-45,488	81,249	4,975	-29,607	91,868	-64,600	57,891	-2,184	6,356	-318	365	-31,786	-104,605	-35,602	-108,222	-80,568	4,179	206,999	6,497	-251,449	57,370	17,468	23,603	36,117	-9,262	260,432	-73,051	21,560
Supplemental Cash Flows Information
Operating Activities
Cash paid for interest, net of capitalized interest
33,738	29,781	35,439	31,925	31,060	31,032	32,227	31,291	29,937	32,519	34,304	35,601	33,400	33,679	33,852	37,460	32,893	31,561	32,317	32,656	31,644	30,967	31,140	31,054	30,806	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capitalized interest paid
881	977	908	1,059	838	1,112	850	785	773	839	756	629	521	400	290	265	238	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash Investing Transactions
Accrual for real estate and development capital expenditures
34,916	35,388	-1,351	-15,709	17,070	24,702	0	-15,995	15,995	752	2,607	971	-554	7,114	-113	181	0	2,931	-2,796	426	943	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share-based Payment Arrangement, Amount Capitalized
859	3,068	630	330	670	3,546	560	448	452	1,837	225	247	228	817	235	231	217	748	208	209	193	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Removal of fully depreciated and amortized tenant improvements and lease intangibles
19,887	25,380	32,239	13,781	16,805	43,397	10,175	11,527	10,630	17,320	14,290	9,033	13,044	132,993	4,345	5,171	4,230	22,364	2,742	8,009	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Removal of fully amortized acquired lease intangible assets
88	258	15	73	1,786	402	0	974	206	329	14	6	65	65	643	448	150	184	22	14	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Removal of fully accreted acquired lease intangible liabilities
1,284	1,508	23,940	3,339	873	4,916	1,616	2,861	6,038	1,031	1,091	862	2,073	45,136	3,042	1,676	6,424	27,080	2,368	10,088	10,040	137,313	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrual increase/(decrease) for capital expenditures for developments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Recognition of ground lease right-of-use asset - Adoption of ASU 2016-02
0	0	0	-2	10,887	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Above-market ground lease intangible liability offset against right-of-use asset - Adoption of ASU 2016-02
0	0	0	0	3,408	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Recognition of ground lease liability - Adoption of ASU 2016-02
0	0	0	-2	10,887	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Application of deposit to acquisition of real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	75,000	0	0	0	2,500	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash Financing Transactions
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Adoption Of New Principle
-	-	-	-	-	0	0	0	211	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification and Tax
-206,597	39,978	-26,768	-67,920	-21,563	-48,083	11,916	19,159	39,731	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrual for deferred loan costs
72	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (loss) recorded in AOCI - derivatives
-	-	-	-	-	-	-	-	-	-	-	-8,738	4,722	-	12,215	-21,330	-28,812	10,426	-16,235	1,282	-7,022	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends, Common Stock, Cash
48,909	49,104	45,591	45,558	44,262	44,255	42,486	42,480	42,474	42,391	38,983	36,971	35,223	34,855	33,249	32,828	32,424	32,323	30,735	30,721	30,631	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Exchange of OP Units for common stock
90	331	1,986	860	363	4,572	240	281	5,199	981	4,405	4,333	4,523	5,327	6,275	5,611	5,847	5,602	898	5,795	11,408	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Settlement of note receivable in exchange for land and building acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	26,500	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of OP Units for acquisition of real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrual for dividends payable to common stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	134	90	28,735	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Partnership units redeemed with shares of the Company's common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,061	6,110	14,384	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unconsolidated Funds
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification and Tax
-370	2,972	-1,067	-4,523	-2,405	-5,035	1,683	1,929	4,475	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net
-	-	-	-	-	-	-	-	-	-	-	768	99	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-