Douglas Emmett, Inc. DEI Cash Flow

Douglas emmett, inc. (DEI)

CashFlow / TTM

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
415,624	418,698	119,601	131,596	128,769	128,612	137,066	130,158	115,278	104,427	94,907	102,197	101,824	96,090	90,230	68,591	62,705	68,755	64,947	59,469	59,492	52,854	50,560	54,622	53,683	52,837	49,673	43,158	36,255	28,345	25,413	23,589	9,305	2,258	-8,589	-17,736	-22,832	-32,956	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Income (Loss) from Equity Method Investments
5,695	6,923	7,467	6,984	6,445	6,400	6,000	5,789	5,234	5,905	6,675	7,872	8,403	7,812	9,710	8,274	7,837	7,694	4,536	4,303	4,043	3,713	2,488	2,634	3,022	3,098	4,389	2,915	463	-1,710	-3,567	-3,189	-2,327	-2,867	-3,521	-5,046	-6,991	-6,971	0	0	0
Gain from insurance recoveries for damage to real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,621	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
375,647	357,743	338,796	322,584	317,239	309,864	290,564	286,471	281,885	276,761	273,108	266,961	260,736	248,914	233,971	222,373	211,051	205,333	204,572	202,454	202,147	202,512	201,072	198,363	195,526	191,351	187,306	186,450	185,076	184,849	184,628	183,954	194,340	205,696	217,295	229,044	226,851	225,030	0	0	0
Net accretion of acquired lease intangibles
-16,400	-16,264	-17,301	-18,246	-19,993	-22,025	-21,959	-21,825	-19,966	-18,006	-18,073	-18,360	-19,086	-18,198	-16,709	-14,474	-12,604	-19,100	-21,384	-21,930	-22,333	-16,084	-14,229	-14,765	-15,190	-15,693	-16,101	-35,452	-27,025	-18,094	-50,166	-21,811	-20,951	-20,466	21,566	23,014	24,332	26,260	0	0	0
Straight-line rent
4,325	10,100	15,383	16,293	17,997	18,800	16,603	16,061	14,484	12,900	11,696	11,993	14,268	13,599	11,292	9,110	5,534	4,840	6,421	7,601	5,995	5,335	1,240	1,281	2,185	2,580	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Write-off of uncollectible amounts
4,111	4,103	-153	828	2,151	2,154	1,832	1,237	2,103	406	-629	-190	-263	422	1,262	1,102	1,037	223	-328	1,299	-608	-461	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred loan costs amortized and written off
14,273	14,314	12,610	8,393	7,900	8,292	10,254	10,591	11,045	10,834	10,322	10,214	9,706	8,927	7,303	6,230	6,488	6,969	6,206	6,066	4,897	4,097	4,269	4,160	4,068	4,214	3,894	4,219	4,202	4,211	4,246	4,258	4,288	4,512	4,643	3,899	3,382	2,424	0	0	0
Amortization of loan premium
-425	-261	-205	-205	-205	-205	-153	-102	-51	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,060	-1,401	-4,482	-5,336	-9,073	-10,093	-8,353	-8,821	-5,326	0	0	0
Derivative non-cash adjustments
-	-	-	-	-	-	-	-	-	-51	158	171	183	196	0	0	0	-	-	-	-	-50	-71	-87	-85	-88	0	0	0	-	-	-	-14,871	-16,497	-19,707	-20,258	-18,977	-17,610	0	0	0
Share-based Payment Arrangement, Noncash Expense
18,670	18,359	20,815	21,299	21,878	22,299	19,447	19,178	18,829	18,478	18,233	17,961	17,721	17,400	16,338	16,073	15,713	15,234	15,646	14,920	14,258	13,722	9,494	9,675	9,807	10,005	10,517	10,561	10,694	10,581	6,911	7,293	7,641	7,995	11,577	10,383	10,370	10,127	0	0	0
Operating distributions from unconsolidated Funds
5,663	6,820	7,467	6,982	6,445	6,400	6,000	5,789	5,234	5,905	5,739	5,065	4,470	2,668	1,662	1,426	1,157	1,068	1,011	961	945	909	885	895	856	783	730	715	723	752	0	0	0	-	-	-	-	-	-	-	-
Change in working capital components:
Tenant receivables
4,309	4,712	-80	2,766	4,561	3,545	4,016	1,969	1,583	1,221	59	61	-540	680	1,390	998	2,885	-13	-12	824	-270	-78	50	-316	58	331	-3,484	-4,154	-3,879	-4,113	-464	432	-710	-131	-363	34	974	-766	0	0	0
Deferred rent receivables
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	8,952	9,426	9,769	8,538	0	0	0
Interest payable, accounts payable and deferred revenue
-7,426	-6,844	-689	-5,820	9,801	1,376	7,181	13,198	19,245	24,942	13,433	14,975	14,909	10,712	27,357	13,879	13,282	4,557	-3,973	4,915	183	2,668	9,758	6,517	6,978	8,816	6,508	-131	2,011	-6,873	305	-296	324	1,498	-199	-8,362	-11,342	-11,276	0	0	0
Security deposits
1,283	1,919	265	725	859	319	1,974	2,127	3,790	4,424	2,655	4,627	3,139	7,307	8,081	6,346	6,573	1,233	1,822	1,318	869	1,980	831	606	1,002	1,186	1,188	1,412	370	330	558	1,078	1,871	2,104	1,345	657	-64	-935	0	0	0
Other assets
-1,888	-706	-1,684	-3,156	-2,026	-4,654	-213	3,052	3,404	5,544	-1,313	-1,113	-589	-1,773	1,271	-104	636	176	-640	-1,117	-211	-59	859	-1,530	-424	-383	-878	761	-224	-786	-1,209	-4,535	-4,847	-3,799	-5,304	-11,857	-12,734	-11,079	0	0	0
Net cash provided by operating activities
490,607	469,586	460,107	445,278	447,854	432,982	425,858	419,975	412,762	402,697	382,468	371,280	357,160	339,449	331,439	302,003	288,342	271,427	257,657	256,108	246,206	246,715	247,527	247,323	245,082	243,542	235,115	223,530	222,133	210,373	212,299	209,658	207,854	208,892	214,582	214,445	201,397	188,942	0	0	0
Investing Activities
Capital expenditures for improvements to real estate
162,480	176,448	191,274	189,879	200,301	179,062	144,187	130,083	108,305	108,326	114,157	108,013	101,550	91,826	80,479	73,134	70,571	75,541	73,999	79,638	84,724	84,444	80,488	73,582	67,611	66,907	65,492	65,986	62,041	60,158	60,376	59,653	61,504	55,963	0	0	0	-	-	-	-
Capital expenditures for developments
69,978	61,660	64,708	72,312	75,006	68,459	69,382	65,846	64,131	63,018	51,228	45,399	36,213	27,720	19,719	7,613	4,465	3,720	3,796	5,049	4,200	4,259	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	-	1,619,759	1,619,760	1,257,513	1,257,513	89,906	310,375	310,375	310,375	220,469	0	0	0	-	-	-	-	0	0	0	0	0	-37,842	-22,655	218,395	229,571	0	0	0
Insurance recoveries for damage to real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,506	4,667	4,667	1,131	431	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Deposits for property acquisitions
-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Note receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27,500	27,500	27,500	27,500	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from repayment of note receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	1,000	1,000	1,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan payments received from related parties
-	-	-	-	-	-	-	-	-	-	-	-	-	763	2,576	2,876	3,175	2,719	1,211	1,494	1,195	1,187	1,095	512	512	213	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Contributions to unconsolidated real estate funds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	26,405	26,405	26,405	-4	2,604	0	0	0	-	-	-	-	-	-	-	-
Acquisition of additional interests in unconsolidated Fund
97,345	90,754	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,004	8,004	7,994	7,994	33,454	0	0	0	-	-	-	-	-	-	-	-
Capital distributions from unconsolidated Funds
3,847	5,853	7,334	7,444	7,621	7,349	7,461	7,372	44,106	43,560	44,162	45,293	9,804	24,170	27,050	25,574	24,501	10,788	8,561	9,865	10,830	11,514	11,427	11,028	9,120	7,518	6,001	4,550	4,589	4,699	3,591	3,670	4,356	4,164	0	0	0	-	-	-	-
Net cash used in investing activities
-652,615	-649,668	-620,635	-636,168	-277,065	-249,551	-222,403	-363,774	-646,141	-669,595	-656,117	-724,809	-166,002	-1,366,169	-1,419,116	-1,150,674	-1,381,802	-231,589	-374,570	-382,945	-382,968	-319,965	-97,236	-147,724	-259,920	-246,585	-246,993	-187,717	-70,442	-91,517	-92,843	-92,035	-102,421	-61,010	-73,669	-79,350	-304,560	-304,678	0	0	0
Financing Activities
Proceeds from borrowings
2,142,682	2,185,000	1,852,557	964,318	254,318	667,000	997,000	1,012,500	1,807,500	1,410,500	1,530,500	1,668,000	1,297,500	2,109,500	2,104,500	2,326,500	2,300,000	1,614,400	1,461,400	1,112,400	765,400	551,000	0	0	0	-	-	-	-	440,000	440,000	1,040,000	1,040,000	1,745,000	0	0	0	-	-	-	-
Repayment of borrowings
2,048,408	2,095,718	1,793,267	766,020	230,013	655,326	962,750	1,259,454	2,133,207	1,698,544	1,880,369	1,628,138	1,372,531	1,335,580	1,141,105	1,565,763	1,300,498	1,415,528	1,197,499	778,196	482,574	356,850	369,930	271,930	170,500	240,000	90,000	190,000	190,000	621,956	621,956	1,448,600	1,448,600	1,779,904	0	0	0	-	-	-	-
Loan cost payments
20,146	21,348	16,583	6,693	1,656	2,992	7,233	7,477	14,142	11,442	13,520	16,900	13,227	24,586	24,307	24,166	24,716	14,232	9,761	6,303	2,852	1,974	2,816	2,754	2,526	2,596	160	1,522	1,563	2,125	2,335	7,212	9,041	13,400	18,672	17,008	15,239	10,168	0	0	0
Payment of refundable loan deposit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-
Contributions from noncontrolling interests in consolidated JVs
-	-	-	-	-	-	-	-	-	284,248	284,250	328,000	140,002	459,752	459,750	320,000	320,000	0	40	40	40	290	319	570	903	653	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Distributions paid to noncontrolling interests
67,140	64,534	60,276	57,558	54,817	52,142	48,541	45,013	41,554	38,101	37,975	37,893	39,012	35,478	31,901	28,235	23,368	23,265	23,047	22,948	22,850	22,813	22,559	22,172	21,702	21,237	20,540	19,994	19,580	18,315	17,894	17,588	16,056	15,090	14,223	13,159	13,242	13,400	0	0	0
Dividends paid to common stockholders
184,311	179,667	176,559	173,481	171,703	169,831	166,329	160,819	153,565	146,026	140,291	136,149	133,351	130,821	128,310	126,203	124,410	122,510	120,734	118,838	116,940	115,039	111,748	108,591	105,519	102,422	97,867	93,159	88,441	80,056	75,559	70,917	62,403	57,777	53,511	49,456	49,229	48,976	0	0	0
Proceeds from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,272	2,426	2,426	2,426	603	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Taxes paid on exercise of stock options
-	-	-	-	-	450	667	694	693	53,084	52,891	53,746	105,750	53,491	53,467	52,449	445	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in taxable REIT subsidiary
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Distributions of capital to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10	10	10	10	0	0	0	0	400	0	0	0
Repurchase of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,524	4,524	4,524	2,854	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of OP Units
234	734	734	507	615	108	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	2,826	2,827	2,826	3,179	352	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of common stock, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	128,257	0	0	0	-	-	-	-	-	-	-	-
Net cash used in financing activities
186,982	187,538	169,676	324,461	-204,623	-213,849	-198,835	-58,961	331,402	330,616	282,976	449,514	-177,816	1,037,849	1,236,162	851,307	1,149,012	43,137	114,376	188,582	140,981	47,867	-286,635	-271,227	-265,377	-325,954	-208,335	-13,425	-14,584	-152,630	-100,039	-287,737	-258,441	-13,324	-72,987	175,795	317,399	315,415	0	0	0
Increase in cash and cash equivalents and restricted cash
24,974	7,456	9,148	133,571	-33,834	-30,418	4,620	-2,760	98,023	63,718	9,327	95,985	13,342	11,129	148,485	2,636	55,552	82,975	-2,537	61,745	4,219	-25,383	-136,344	-171,628	-280,215	-328,997	-220,213	22,388	137,107	-33,774	19,417	-170,114	-153,008	134,558	67,926	310,890	214,236	199,679	0	0	0
Supplemental Cash Flows Information
Operating Activities
Cash paid for interest, net of capitalized interest
130,883	128,205	129,456	126,244	125,610	124,487	125,974	128,051	132,361	135,824	136,984	136,532	138,391	137,884	135,766	134,231	129,427	128,178	127,584	126,407	124,805	123,967	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capitalized interest paid
3,825	3,782	3,917	3,859	3,585	3,520	3,247	3,153	2,997	2,745	2,306	1,840	1,476	1,193	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash Investing Transactions
Accrual for real estate and development capital expenditures
53,244	35,398	24,712	26,063	25,777	24,702	752	3,359	20,325	3,776	10,138	7,418	6,628	7,182	2,999	316	561	1,504	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share-based Payment Arrangement, Amount Capitalized
4,887	4,698	5,176	5,106	5,224	5,006	3,297	2,962	2,761	2,537	1,517	1,527	1,511	1,500	1,431	1,404	1,382	1,358	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Removal of fully depreciated and amortized tenant improvements and lease intangibles
91,287	88,205	106,222	84,158	81,904	75,729	49,652	53,767	51,273	53,687	169,360	159,415	155,553	146,739	36,110	34,507	37,345	33,115	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Removal of fully amortized acquired lease intangible assets
434	2,132	2,276	2,261	3,162	1,582	1,509	1,523	555	414	150	779	1,221	1,306	1,425	804	370	220	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Removal of fully accreted acquired lease intangible liabilities
30,071	29,660	33,068	10,744	10,266	15,431	11,546	11,021	9,022	5,057	49,162	51,113	51,927	56,278	38,222	37,548	45,960	49,576	159,809	157,441	147,353	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
-2	10,885	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Above-market ground lease intangible liability offset against right-of-use asset - Adoption of ASU 2016-02
0	3,408	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Recognition of ground lease liability - Adoption of ASU 2016-02
-2	10,885	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Application of deposit to acquisition of real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	75,000	75,000	75,000	75,000	2,500	2,500	2,500	2,500	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash Financing Transactions
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Adoption Of New Principle
-	-	-	-	-	211	211	211	211	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification and Tax
-261,307	-76,273	-164,334	-125,650	-38,571	22,723	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrual for deferred loan costs
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (loss) recorded in AOCI - derivatives
-	-	-	-	-	-	-	-	-	-	-	0	47,726	-	-27,501	-55,951	-33,339	-11,549	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends, Common Stock, Cash
189,162	184,515	179,666	176,561	173,483	171,695	169,831	166,328	160,819	153,568	146,032	140,298	136,155	133,356	130,824	128,310	126,203	124,410	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Exchange of OP Units for common stock
3,267	3,540	7,781	6,035	5,456	10,292	6,701	10,866	14,918	14,242	18,588	20,458	21,736	23,060	23,335	17,958	18,142	23,703	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Settlement of note receivable in exchange for land and building acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	26,500	26,500	26,500	26,500	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of OP Units for acquisition of real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	1,000	1,000	1,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrual for dividends payable to common stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Partnership units redeemed with shares of the Company's common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unconsolidated Funds
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification and Tax
-2,988	-5,023	-13,030	-10,280	-3,828	3,052	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net
-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-