Physicians realty trust (DOC)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14
Cash Flows from Operating Activities:
Net income

14,960

42,751

15,619

7,316

11,500

11,156

23,771

12,062

11,332

10,187

12,539

10,331

6,716

8,620

10,294

7,184

5,424

5,909

3,983

3,297

-448

1,991

-2,251

-600

-3,558

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

36,747

37,088

36,614

36,285

36,449

39,365

42,723

37,725

38,576

36,128

32,975

28,123

27,933

26,811

23,969

19,799

16,010

14,404

12,476

10,351

8,240

6,166

4,413

3,736

2,416

Amortization of deferred financing costs

599

610

600

599

607

620

594

596

618

568

603

579

549

529

849

499

448

420

359

301

293

471

274

204

148

Amortization of lease inducements and above/below-market lease intangibles

1,194

1,221

1,284

1,178

1,176

1,141

988

1,340

1,190

1,303

1,230

1,243

1,307

912

1,005

1,027

962

1,018

721

536

302

240

145

105

81

Straight-line rental revenue/expense

3,731

3,405

3,780

-1,961

4,762

4,590

4,670

6,150

6,450

5,034

4,563

2,097

4,508

4,070

4,952

4,019

3,185

2,738

2,373

1,877

2,012

1,581

1,200

933

652

Amortization of discount on unsecured senior notes

155

154

151

150

148

147

145

143

142

100

79

78

20

0

0

0

0

-

-

-

-

-

-

-

-

Amortization of above market assumed debt

-16

-15

-16

-15

-16

-15

-16

-15

-16

-15

-16

-88

-59

-59

-59

-59

-59

-59

-59

-45

-10

-

-

-

-

Gain (Loss) on Disposition of Assets

-

-

-

-

-

0

14,227

-2,632

69

566

0

5,308

0

-

-

-

-

0

145

0

-15

-

-

-

-

Income (Loss) from Equity Method Investments

-155

-118

30

30

30

29

28

29

28

98

28

29

28

30

27

26

32

26

26

26

26

26

26

26

17

Distributions from unconsolidated entities

1,799

30

30

30

29

26

30

30

26

98

29

28

55

0

55

0

27

27

26

27

26

-

-

-

-

Change in fair value of derivative

91

-1

-1

14

-13

-11

9

10

-2

10

9

-4

-165

173

0

27

40

50

-38

141

13

23

66

31

41

Provision for bad debts

26

48

28

2,095

35

222

163

60

-141

420

543

-713

-127

2,158

48

74

30

43

26

0

0

4

-1

0

6

Non-cash share compensation

2,996

2,254

2,523

2,685

2,653

2,006

2,056

2,014

2,605

1,719

1,738

1,748

1,490

2,175

898

1,414

1,185

869

985

1,077

867

741

821

504

356

Net change in fair value of contingent consideration

-

-

-

-

-

-

-

-

-

-476

74

0

-70

0

-840

0

0

-

-

-

-

-

-

-

-

Change in operating assets and liabilities:
Tenant receivables

1,660

3,503

1,040

-717

2,076

3,661

295

1,251

-5,437

2,234

3,712

-255

-2,703

2,515

6,542

-2,664

3,665

388

995

431

1,022

465

471

-541

591

Other assets

4,644

-853

5,610

-1,155

-647

-1,947

3,301

-724

222

-8

3,834

-3,580

287

12,910

3,239

1,086

1,995

1,362

37

651

580

2,233

1,687

-396

-6

Accounts payable

-3,639

-343

1,202

1,976

-373

62

-1,188

2,450

-8,461

4,433

1,519

1,945

-1,297

2,201

499

64

1,015

-749

296

649

-252

67

-65

-24

-114

Accrued expenses and other liabilities

-9,992

11,096

-3,258

16,732

-19,573

14,822

-3,585

9,152

-3,651

4,733

267

15,243

-676

14,125

7,924

11,885

4,023

383

3,916

-332

4,345

-889

1,491

374

1,580

Net cash provided by operating activities

34,858

61,054

43,909

69,787

26,427

63,230

43,151

61,423

40,890

52,229

39,434

54,922

33,886

37,774

29,882

39,393

20,148

17,701

19,191

12,735

9,725

5,850

3,534

4,291

-380

Cash Flows from Investing Activities:
Proceeds on sale of investment properties

-

-

-

-

-

0

124,035

90,747

2,440

2,247

0

18,150

0

-

-

-

-

0

1,489

0

1,550

-

-

-

-

Acquisition of investment properties, net

11,881

-

-

-

4,303

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in unconsolidated entities

-

-

-

-

-

-242,827

85,505

73,120

84,202

-916,270

159,408

582,125

174,737

195,837

172,104

674,621

197,876

122,919

293,760

130,850

205,278

96,412

196,597

69,339

138,779

Escrowed cash - acquisition deposits/earnest deposits

0

-1,223

1,233

-150

150

0

-5,000

-500

2,720

-23,991

5,694

20,952

-1,375

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures on investment properties

4,208

10,510

6,925

9,749

12,953

8,280

7,623

13,127

5,608

8,424

6,476

4,909

3,434

2,639

1,685

5,160

1,820

1,014

2,159

787

1,028

-

-

-

-

Issuances of real estate loans receivable

6,591

61,743

11,945

7,028

20,028

9,750

0

0

2,000

219

30,250

6,315

2,279

2,054

4,675

2,978

500

9,955

3,404

4,877

4,123

8,550

0

0

6,836

Repayment of real estate loans receivable

944

6,700

805

25

325

2,346

3,311

3,554

6,717

3,204

0

0

1,507

6,836

0

0

4,500

0

0

0

0

-

-

-

-

Issuances of note receivable

-

-

-

-

-

0

0

0

20,385

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of note receivable

-

-

-

-

-

-

-

-

-

0

0

0

16,423

0

0

4,118

0

-

-

-

-

-

-

-

-

Leasing commissions

340

1,104

681

720

552

606

499

1,398

664

265

-25

657

552

327

591

58

58

301

215

28

35

95

0

0

5

Lease inducements

0

-7

1

3

5

99

0

73

0

-441

445

13

2,050

4,087

0

3,586

1,284

0

33

1,983

462

-

-

-

-

Net cash used in investing activities

-22,076

-108,904

-84,737

-24,001

-37,666

-16,563

38,719

7,083

-106,422

-339,822

-202,248

-596,821

-163,747

-204,438

-179,055

-682,285

-197,038

-149,610

-298,082

-142,648

-209,376

-105,406

-196,858

-70,926

-145,620

Cash Flows from Financing Activities:
Net proceeds from sale of common shares

239,232

30,199

52,094

18,316

31,020

2,705

2,084

654

5,316

40,216

420,777

82,104

301,572

2,549

87

442,967

321,238

226,947

129

16,269

301,772

54,774

145,693

149,974

-57

Proceeds from credit facility borrowings

88,000

150,000

189,000

47,000

68,000

77,000

68,000

111,000

166,000

300,000

139,000

360,000

128,000

260,000

393,000

378,000

150,000

147,000

282,000

118,000

73,000

109,000

173,000

33,200

80,000

Repayment of credit facility borrowings

267,000

80,000

139,000

64,000

47,000

41,000

103,000

119,000

24,000

359,000

360,000

0

529,000

65,000

315,000

121,000

424,000

225,000

0

0

138,000

-

-

-

-

Proceeds from issuance of mortgage debt

-

-

-

-

-

-

-

-

-

-

-

-

-

18,000

0

0

21,500

0

0

0

0

0

0

0

26,550

Proceeds from issuance of senior unsecured notes

-

-

-

-

-

-

-

-

-

346,952

0

0

396,108

0

75,000

0

150,000

0

0

0

0

-

-

-

-

Principal payments on mortgage debt

23,990

463

15,408

405

8,908

26,178

5,031

14,652

32,157

504

4,559

30,617

5,823

8,586

557

548

541

536

520

500

466

5,315

431

419

384

Debt issuance costs

7

42

50

17

8

273

3,848

7

412

460

64

414

651

123

380

3,505

808

76

2,885

120

24

39

2,517

570

761

OP Unit distributions - General Partner

44,218

43,369

42,674

42,536

42,301

41,972

41,927

41,910

42,251

41,262

36,317

34,584

30,945

30,393

30,364

24,485

19,666

16,055

16,052

15,821

15,792

10,661

7,727

4,868

4,848

OP Unit distributions - Limited Partners

1,275

1,276

1,237

1,158

1,167

1,168

1,192

1,216

1,232

1,234

1,237

1,214

703

752

794

807

809

842

851

809

714

717

1,001

832

832

Preferred OP Units distributions - Limited Partner

317

314

293

285

284

284

285

261

81

81

0

39

480

393

411

500

204

203

122

238

0

-

-

-

-

Contributions to noncontrolling interests

-

-

-

-

-

-

-

-

-

0

0

0

47

0

0

0

0

-

-

-

-

-

-

-

-

Distributions to noncontrolling interests - partially owned properties

144

142

143

149

148

151

134

135

127

-905

1,219

280

154

93

87

306

57

55

44

45

69

42

44

45

54

Payments of employee taxes for withheld stock-based compensation shares

-2,713

0

-103

0

-1,973

0

-48

0

-1,701

-7

-152

0

-2,431

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of Series A Preferred Units

-

-

-

-

-

-

-

-

-

0

0

0

19,961

0

0

9,756

0

-

-

-

-

-

-

-

-

Purchase of Limited Partner Units

93

13,112

89

717

105

648

1,252

303

0

129

0

32

3,725

672

870

2,129

0

835

0

48

205

-

-

-

-

Net cash used in financing activities

-12,525

41,481

42,669

-43,951

-2,874

-31,969

-86,633

-65,830

69,355

285,396

156,229

435,924

231,854

173,759

119,624

657,931

196,653

130,334

261,060

116,688

219,502

98,454

203,652

63,240

99,614

Net increase (decrease) in cash and cash equivalents

257

-6,369

1,841

1,835

-14,113

14,698

-4,763

2,676

3,823

-2,197

-6,585

-105,975

101,993

7,095

-29,549

15,039

19,763

-1,575

-17,831

-13,225

19,851

-1,102

10,328

-3,395

-46,386

Supplemental cash flow information:
Supplemental disclosure of cash flow information - interest paid during the period

25,188

5,668

25,939

5,227

25,799

5,335

27,640

6,500

19,230

5,474

18,431

4,112

10,764

10,180

2,671

2,119

2,181

3,540

2,678

1,930

1,402

1,493

1,506

1,582

1,025

Supplemental disclosure of noncash activity - change in fair value of interest rate swap agreements

-9,986

1,184

-2,262

-5,558

-3,476

-6,052

914

1,321

4,298

1,940

-916

-1,605

825

14,360

-652

0

0

-

-

-

-

-

-

-

-

Supplemental disclosure of noncash activity - assumed debt

-

-

-

-

-

-

-

-

-

17,610

0

0

26,379

0

0

0

0

0

0

12,367

6,323

0

4,888

-405

10,800

Supplemental disclosure of noncash activity - issuance of OP Units and Series A Preferred Units in connection with acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,017

-

-

-

-

Supplemental disclosure of noncash activity - issuance of OP Units and Series A Preferred Units in connection with acquisitions

-

-

-

-

-

0

0

0

22,651

0

0

0

44,978

0

-100

4,000

2,869

-

-

-

-

-

-

-

-

Supplemental disclosure of noncash activity - contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,168

-932

0

1,482

-

-

-

-

Operating Partnership
Net income

14,960

42,751

15,619

7,316

11,500

11,156

23,771

12,062

11,332

10,187

12,539

10,331

6,716

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

36,747

37,088

36,614

36,285

36,449

39,365

42,723

37,725

38,576

36,128

32,975

28,123

27,933

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of deferred financing costs

599

610

600

599

607

620

594

596

618

568

603

579

549

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of lease inducements and above/below-market lease intangibles

1,194

1,221

1,284

1,178

1,176

1,141

988

1,340

1,190

1,303

1,230

1,243

1,307

-

-

-

-

-

-

-

-

-

-

-

-

Straight-line rental revenue/expense

3,731

3,405

3,780

-1,961

4,762

4,590

4,670

6,150

6,450

5,034

4,563

2,097

4,508

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of discount on unsecured senior notes

155

154

151

150

148

147

145

143

142

100

79

78

20

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of above market assumed debt

-16

-15

-16

-15

-16

-15

-16

-15

-16

-15

-16

-88

-59

-

-

-

-

-

-

-

-

-

-

-

-

Income (Loss) from Equity Method Investments

-155

-118

30

30

30

29

28

29

28

98

28

29

28

-

-

-

-

-

-

-

-

-

-

-

-

Distributions from unconsolidated entities

1,799

30

30

30

29

26

30

30

26

98

29

28

55

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of derivative

91

-1

-1

14

-13

-11

9

10

-2

10

9

-4

-165

-

-

-

-

-

-

-

-

-

-

-

-

Provision for bad debts

26

48

28

2,095

35

222

163

60

-141

420

543

-713

-127

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash share compensation

2,996

2,254

2,523

2,685

2,653

2,006

2,056

2,014

2,605

1,719

1,738

1,748

1,490

-

-

-

-

-

-

-

-

-

-

-

-

Tenant receivables

1,660

3,503

1,040

-717

2,076

3,661

295

1,251

-5,437

2,234

3,712

-255

-2,703

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

4,644

-853

5,610

-1,155

-647

-1,947

3,301

-724

222

-8

3,834

-3,580

287

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

-3,639

-343

1,202

1,976

-373

62

-1,188

2,450

-8,461

4,433

1,519

1,945

-1,297

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses and other liabilities

-9,992

11,096

-3,258

16,732

-19,573

14,822

-3,585

9,152

-3,651

4,733

267

15,243

-676

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

34,858

61,054

43,909

69,787

26,427

63,230

43,151

61,423

40,890

52,229

39,434

54,922

33,886

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of investment properties, net

11,881

-

-

-

4,303

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Escrowed cash - acquisition deposits/earnest deposits

0

-1,223

1,233

-150

150

0

-5,000

-500

2,720

-23,991

5,694

20,952

-1,375

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures on investment properties

4,208

10,510

6,925

9,749

12,953

8,280

7,623

13,127

5,608

8,424

6,476

4,909

3,434

-

-

-

-

-

-

-

-

-

-

-

-

Investment in real estate loans receivable

6,591

-

-

-

20,028

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of real estate loans receivable

944

6,700

805

25

325

2,346

3,311

3,554

6,717

3,204

0

0

1,507

-

-

-

-

-

-

-

-

-

-

-

-

Leasing commissions

340

1,104

681

720

552

606

499

1,398

664

265

-25

657

552

-

-

-

-

-

-

-

-

-

-

-

-

Lease inducements

0

-7

1

3

5

99

0

73

0

-441

445

13

2,050

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-22,076

-108,904

-84,737

-24,001

-37,666

-16,563

38,719

7,083

-106,422

-339,822

-202,248

-596,821

-163,747

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from sale of common shares

239,232

30,199

52,094

18,316

31,020

2,705

2,084

654

5,316

40,216

420,777

82,104

301,572

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from credit facility borrowings

88,000

150,000

189,000

47,000

68,000

77,000

68,000

111,000

166,000

300,000

139,000

360,000

128,000

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of credit facility borrowings

267,000

80,000

139,000

64,000

47,000

41,000

103,000

119,000

24,000

359,000

360,000

0

529,000

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on mortgage debt

23,990

463

15,408

405

8,908

26,178

5,031

14,652

32,157

504

4,559

30,617

5,823

-

-

-

-

-

-

-

-

-

-

-

-

Debt issuance costs

7

42

50

17

8

273

3,848

7

412

460

64

414

651

-

-

-

-

-

-

-

-

-

-

-

-

OP Unit distributions - General Partner

44,218

43,369

42,674

42,536

42,301

41,972

41,927

41,910

42,251

41,262

36,317

34,584

30,945

-

-

-

-

-

-

-

-

-

-

-

-

OP Unit distributions - Limited Partners

1,275

1,276

1,237

1,158

1,167

1,168

1,192

1,216

1,232

1,234

1,237

1,214

703

-

-

-

-

-

-

-

-

-

-

-

-

Preferred OP Units distributions - Limited Partner

317

314

293

285

284

284

285

261

81

81

0

39

480

-

-

-

-

-

-

-

-

-

-

-

-

Distributions to noncontrolling interests - partially owned properties

144

142

143

149

148

151

134

135

127

-905

1,219

280

154

-

-

-

-

-

-

-

-

-

-

-

-

Payments of employee taxes for withheld stock-based compensation shares

-2,713

0

-103

0

-1,973

0

-48

0

-1,701

-7

-152

0

-2,431

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of Limited Partner Units

93

13,112

89

717

105

648

1,252

303

0

129

0

32

3,725

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-12,525

41,481

42,669

-43,951

-2,874

-31,969

-86,633

-65,830

69,355

285,396

156,229

435,924

231,854

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

257

-6,369

1,841

1,835

-14,113

14,698

-4,763

2,676

3,823

-2,197

-6,585

-105,975

101,993

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental disclosure of cash flow information - interest paid during the period

25,188

5,668

25,939

5,227

25,799

5,335

27,640

6,500

19,230

5,474

18,431

4,112

10,764

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental disclosure of noncash activity - change in fair value of interest rate swap agreements

-9,986

1,184

-2,262

-5,558

-3,476

-6,052

914

1,321

4,298

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Physicians Realty L P [Member]
Gain (Loss) on Disposition of Assets

-

-

-

-

-

0

14,227

-2,632

69

566

0

5,308

0

-

-

-

-

-

-

-

-

-

-

-

-

Net change in fair value of contingent consideration

-

-

-

-

-

-

-

-

-

-476

74

0

-70

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds on sale of investment properties

-

-

-

-

-

0

124,035

90,747

2,440

2,247

0

18,150

0

-

-

-

-

-

-

-

-

-

-

-

-

Investment in unconsolidated entities

-

-

-

-

-

-242,827

85,505

73,120

84,202

-916,270

159,408

582,125

174,737

-

-

-

-

-

-

-

-

-

-

-

-

Issuances of real estate loans receivable

-

-

-

-

-

9,750

0

0

2,000

219

30,250

6,315

2,279

-

-

-

-

-

-

-

-

-

-

-

-

Issuances of note receivable

-

-

-

-

-

0

0

0

20,385

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of note receivable

-

-

-

-

-

-

-

-

-

0

0

0

16,423

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of senior unsecured notes

-

-

-

-

-

-

-

-

-

346,952

0

0

396,108

-

-

-

-

-

-

-

-

-

-

-

-

Contributions to noncontrolling interests

-

-

-

-

-

-

-

-

-

0

0

0

47

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of Series A Preferred Units

-

-

-

-

-

-

-

-

-

0

0

0

19,961

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental disclosure of noncash activity - assumed debt

-

-

-

-

-

-

-

-

-

17,610

0

0

26,379

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental disclosure of noncash activity - issuance of OP Units and Series A Preferred Units in connection with acquisitions

-

-

-

-

-

0

0

0

22,651

0

0

0

44,978

-

-

-

-

-

-

-

-

-

-

-

-