PHYSICIANS REALTY TRUST DOC Cash Flow

Physicians realty trust (DOC)

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
Cash Flows from Operating Activities:
Net income
80,646	77,186	45,591	53,743	58,489	58,321	57,352	46,120	44,389	39,773	38,206	35,961	32,814	31,522	28,811	22,500	18,613	12,741	8,823	2,589	-1,308	-4,418	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization
146,734	146,436	148,713	154,822	156,262	158,389	155,152	145,404	135,802	125,159	115,842	106,836	98,512	86,589	74,182	62,689	53,241	45,471	37,233	29,170	22,555	16,731	0	0	0
Amortization of deferred financing costs
2,408	2,416	2,426	2,420	2,417	2,428	2,376	2,385	2,368	2,299	2,260	2,506	2,426	2,325	2,216	1,726	1,528	1,373	1,424	1,339	1,242	1,097	0	0	0
Amortization of lease inducements and above/below-market lease intangibles
4,877	4,859	4,779	4,483	4,645	4,659	4,821	5,063	4,966	5,083	4,692	4,467	4,251	3,906	4,012	3,728	3,237	2,577	1,799	1,223	792	571	0	0	0
Straight-line rental revenue/expense
8,955	9,986	11,171	12,061	20,172	21,860	22,304	22,197	18,144	16,202	15,238	15,627	17,549	16,226	14,894	12,315	10,173	9,000	7,843	6,670	5,726	4,366	0	0	0
Amortization of discount on unsecured senior notes
610	603	596	590	583	577	530	464	399	277	177	98	20	0	0	0	0	-	-	-	-	-	-	-	-
Amortization of above market assumed debt
-62	-62	-62	-62	-62	-62	-62	-62	-135	-178	-222	-265	-236	-236	-236	-236	-222	-173	0	0	0	-	-	-	-
Gain (Loss) on Disposition of Assets
-	-	-	-	-	11,664	12,230	-1,997	5,943	5,874	0	0	0	-	-	-	-	130	0	0	0	-	-	-	-
Income (Loss) from Equity Method Investments
-213	-28	119	117	116	114	183	183	183	183	115	114	111	115	111	110	110	104	104	104	104	95	0	0	0
Distributions from unconsolidated entities
1,889	119	115	115	115	112	184	183	181	210	112	138	110	82	109	80	107	106	0	0	0	-	-	-	-
Change in fair value of derivative
103	-1	-11	-1	-5	6	27	27	13	-150	13	4	35	240	117	79	193	166	139	243	133	161	0	0	0
Provision for bad debts
2,197	2,206	2,380	2,515	480	304	502	882	109	123	1,861	1,366	2,153	2,310	195	173	99	69	30	3	3	9	0	0	0
Non-cash share compensation
10,458	10,115	9,867	9,400	8,729	8,681	8,394	8,076	7,810	6,695	7,151	6,311	5,977	5,672	4,366	4,453	4,116	3,798	3,670	3,506	2,933	2,422	0	0	0
Net change in fair value of contingent consideration
-	-	-	-	-	-	-	-	-	-472	4	-910	-910	-840	0	0	0	-	-	-	-	-	-	-	-
Change in operating assets and liabilities:
Tenant receivables
5,486	5,902	6,060	5,315	7,283	-230	-1,657	1,760	254	2,988	3,269	6,099	3,690	10,058	7,931	2,384	5,479	2,836	2,913	2,389	1,417	986	0	0	0
Other assets
8,246	2,955	1,861	-448	-17	852	2,791	3,324	468	533	13,451	12,856	17,522	19,230	7,682	4,480	4,045	2,630	3,501	5,151	4,104	3,518	0	0	0
Accounts payable
-804	2,462	2,867	477	951	-7,137	-2,766	-59	-564	6,600	4,368	3,348	1,467	3,779	829	626	1,211	-56	760	399	-274	-136	0	0	0
Accrued expenses and other liabilities
14,578	4,997	8,723	8,396	816	16,738	6,649	10,501	16,592	19,567	28,959	36,616	33,258	37,957	24,215	20,207	7,990	8,312	7,040	4,615	5,321	2,556	0	0	0
Net cash provided by operating activities
209,608	201,177	203,353	202,595	194,231	208,694	197,693	193,976	187,475	180,471	166,016	156,464	140,935	127,197	107,124	96,433	69,775	59,352	47,501	31,844	23,400	13,295	0	0	0
Cash Flows from Investing Activities:
Proceeds on sale of investment properties
-	-	-	-	-	217,222	219,469	95,434	22,837	20,397	0	0	0	-	-	-	-	3,039	0	0	0	-	-	-	-
Acquisition of investment properties, net
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in unconsolidated entities
-	-	-	-	-	0	-673,443	-599,540	-90,535	0	1,112,107	1,124,803	1,217,299	1,240,438	1,167,520	1,289,176	745,405	752,807	726,300	629,137	567,626	501,127	0	0	0
Escrowed cash - acquisition deposits/earnest deposits
-140	10	1,233	-5,000	-5,350	-2,780	-26,771	-16,077	5,375	1,280	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Capital expenditures on investment properties
31,392	40,137	37,907	38,605	41,983	34,638	34,782	33,635	25,417	23,243	17,458	12,667	12,918	11,304	9,679	10,153	5,780	4,988	0	0	0	-	-	-	-
Issuances of real estate loans receivable
87,307	100,744	48,751	36,806	29,778	11,750	2,219	32,469	38,784	39,063	40,898	15,323	11,986	10,207	18,108	16,837	18,736	22,359	20,954	17,550	12,673	15,386	0	0	0
Repayment of real estate loans receivable
8,474	7,855	3,501	6,007	9,536	15,928	16,786	13,475	9,921	4,711	8,343	8,343	8,343	11,336	4,500	4,500	4,500	0	0	0	0	-	-	-	-
Issuances of note receivable
-	-	-	-	-	20,385	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of note receivable
-	-	-	-	-	-	-	-	-	16,423	16,423	16,423	20,541	4,118	0	0	0	-	-	-	-	-	-	-	-
Leasing commissions
2,845	3,057	2,559	2,377	3,055	3,167	2,826	2,302	1,561	1,449	1,511	2,127	1,528	1,034	1,008	632	602	579	373	158	130	100	0	0	0
Lease inducements
-3	2	108	107	177	172	-368	77	17	2,067	6,595	6,150	9,723	8,957	4,870	4,903	3,300	2,478	0	0	0	-	-	-	-
Net cash used in investing activities
-239,718	-255,308	-162,967	-39,511	-8,427	-77,183	-400,442	-641,409	-1,245,313	-1,302,638	-1,167,254	-1,144,061	-1,229,525	-1,262,816	-1,207,988	-1,327,015	-787,378	-799,716	-755,512	-654,288	-582,566	-518,810	0	0	0
Cash Flows from Financing Activities:
Net proceeds from sale of common shares
339,841	131,629	104,135	54,125	36,463	10,759	48,270	466,963	548,413	844,669	807,002	386,312	747,175	766,841	991,239	991,281	564,583	545,117	372,944	518,508	652,213	350,384	0	0	0
Proceeds from credit facility borrowings
474,000	454,000	381,000	260,000	324,000	422,000	645,000	716,000	965,000	927,000	887,000	1,141,000	1,159,000	1,181,000	1,068,000	957,000	697,000	620,000	582,000	473,000	388,200	395,200	0	0	0
Repayment of credit facility borrowings
550,000	330,000	291,000	255,000	310,000	287,000	605,000	862,000	743,000	1,248,000	954,000	909,000	1,030,000	925,000	1,085,000	770,000	649,000	363,000	0	0	0	-	-	-	-
Proceeds from issuance of mortgage debt
-	-	-	-	-	-	-	-	-	-	-	-	-	39,500	21,500	21,500	21,500	0	0	0	0	26,550	0	0	0
Proceeds from issuance of senior unsecured notes
-	-	-	-	-	-	-	-	-	743,060	396,108	471,108	471,108	225,000	225,000	150,000	150,000	0	0	0	0	-	-	-	-
Principal payments on mortgage debt
40,266	25,184	50,899	40,522	54,769	78,018	52,344	51,872	67,837	41,503	49,585	45,583	15,514	10,232	2,182	2,145	2,097	2,022	6,801	6,712	6,631	6,549	0	0	0
Debt issuance costs
116	117	348	4,146	4,136	4,540	4,727	943	1,350	1,589	1,252	1,568	4,659	4,816	4,769	7,274	3,889	3,105	3,068	2,700	3,150	3,887	0	0	0
OP Unit distributions - General Partner
172,797	170,880	169,483	168,736	168,110	168,060	167,350	161,740	154,414	143,108	132,239	126,286	116,187	104,908	90,570	76,258	67,594	63,720	58,326	50,001	39,048	28,104	0	0	0
OP Unit distributions - Limited Partners
4,946	4,838	4,730	4,685	4,743	4,808	4,874	4,919	4,917	4,388	3,906	3,463	3,056	3,162	3,252	3,309	3,311	3,216	3,091	3,241	3,264	3,382	0	0	0
Preferred OP Units distributions - Limited Partner
1,209	1,176	1,146	1,138	1,114	911	708	423	201	600	912	1,323	1,784	1,508	1,318	1,029	767	563	0	0	0	-	-	-	-
Contributions to noncontrolling interests
-	-	-	-	-	-	-	-	-	47	47	47	47	0	0	0	0	-	-	-	-	-	-	-	-
Distributions to noncontrolling interests - partially owned properties
578	582	591	582	568	547	-509	576	721	748	1,746	614	640	543	505	462	201	213	200	200	200	185	0	0	0
Payments of employee taxes for withheld stock-based compensation shares
-2,816	-2,076	-2,076	-2,021	-2,021	-1,749	-1,756	-1,860	-1,860	-2,590	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of Series A Preferred Units
-	-	-	-	-	-	-	-	-	19,961	19,961	19,961	29,717	9,756	0	0	0	-	-	-	-	-	-	-	-
Purchase of Limited Partner Units
14,011	14,023	1,559	2,722	2,308	2,203	1,684	432	161	3,886	4,429	5,299	7,396	3,671	3,834	2,964	883	1,088	0	0	0	-	-	-	-
Net cash used in financing activities
27,674	37,325	-36,125	-165,427	-187,306	-115,077	202,288	445,150	946,904	1,109,403	997,766	961,161	1,183,168	1,147,967	1,104,542	1,245,978	704,735	727,584	695,704	638,296	584,848	464,960	0	0	0
Net increase (decrease) in cash and cash equivalents
-2,436	-16,806	4,261	-2,343	-1,502	16,434	-461	-2,283	-110,934	-12,764	-3,472	-26,436	94,578	12,348	3,678	15,396	-12,868	-12,780	-12,307	15,852	25,682	-40,555	0	0	0
Supplemental cash flow information:
Supplemental disclosure of cash flow information - interest paid during the period
62,022	62,633	62,300	64,001	65,274	58,705	58,844	49,635	47,247	38,781	43,487	27,727	25,734	17,151	10,511	10,518	10,329	9,550	7,503	6,331	5,983	5,606	0	0	0
Supplemental disclosure of noncash activity - change in fair value of interest rate swap agreements
-16,622	-10,112	-17,348	-14,172	-7,293	481	8,473	6,643	3,717	244	12,664	12,928	14,533	13,708	0	0	0	-	-	-	-	-	-	-	-
Supplemental disclosure of noncash activity - assumed debt
-	-	-	-	-	-	-	-	-	43,989	26,379	26,379	26,379	0	0	0	12,367	18,690	18,690	23,578	10,806	15,283	0	0	0
Supplemental disclosure of noncash activity - issuance of OP Units and Series A Preferred Units in connection with acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Supplemental disclosure of noncash activity - issuance of OP Units and Series A Preferred Units in connection with acquisitions
-	-	-	-	-	22,651	22,651	22,651	22,651	44,978	44,978	44,878	48,878	6,769	0	0	0	-	-	-	-	-	-	-	-
Supplemental disclosure of noncash activity - contingent consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,718	0	0	0	-	-	-	-
Operating Partnership
Net income
80,646	77,186	45,591	53,743	58,489	58,321	57,352	46,120	44,389	39,773	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
146,734	146,436	148,713	154,822	156,262	158,389	155,152	145,404	135,802	125,159	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred financing costs
2,408	2,416	2,426	2,420	2,417	2,428	2,376	2,385	2,368	2,299	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of lease inducements and above/below-market lease intangibles
4,877	4,859	4,779	4,483	4,645	4,659	4,821	5,063	4,966	5,083	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Straight-line rental revenue/expense
8,955	9,986	11,171	12,061	20,172	21,860	22,304	22,197	18,144	16,202	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of discount on unsecured senior notes
610	603	596	590	583	577	530	464	399	277	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of above market assumed debt
-62	-62	-62	-62	-62	-62	-62	-62	-135	-178	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Equity Method Investments
-213	-28	119	117	116	114	183	183	183	183	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Distributions from unconsolidated entities
1,889	119	115	115	115	112	184	183	181	210	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of derivative
103	-1	-11	-1	-5	6	27	27	13	-150	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Provision for bad debts
2,197	2,206	2,380	2,515	480	304	502	882	109	123	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash share compensation
10,458	10,115	9,867	9,400	8,729	8,681	8,394	8,076	7,810	6,695	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Tenant receivables
5,486	5,902	6,060	5,315	7,283	-230	-1,657	1,760	254	2,988	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
8,246	2,955	1,861	-448	-17	852	2,791	3,324	468	533	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
-804	2,462	2,867	477	951	-7,137	-2,766	-59	-564	6,600	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Accrued expenses and other liabilities
14,578	4,997	8,723	8,396	816	16,738	6,649	10,501	16,592	19,567	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
209,608	201,177	203,353	202,595	194,231	208,694	197,693	193,976	187,475	180,471	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of investment properties, net
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Escrowed cash - acquisition deposits/earnest deposits
-140	10	1,233	-5,000	-5,350	-2,780	-26,771	-16,077	5,375	1,280	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Capital expenditures on investment properties
31,392	40,137	37,907	38,605	41,983	34,638	34,782	33,635	25,417	23,243	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Investment in real estate loans receivable
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of real estate loans receivable
8,474	7,855	3,501	6,007	9,536	15,928	16,786	13,475	9,921	4,711	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Leasing commissions
2,845	3,057	2,559	2,377	3,055	3,167	2,826	2,302	1,561	1,449	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Lease inducements
-3	2	108	107	177	172	-368	77	17	2,067	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-239,718	-255,308	-162,967	-39,511	-8,427	-77,183	-400,442	-641,409	-1,245,313	-1,302,638	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from sale of common shares
339,841	131,629	104,135	54,125	36,463	10,759	48,270	466,963	548,413	844,669	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from credit facility borrowings
474,000	454,000	381,000	260,000	324,000	422,000	645,000	716,000	965,000	927,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of credit facility borrowings
550,000	330,000	291,000	255,000	310,000	287,000	605,000	862,000	743,000	1,248,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments on mortgage debt
40,266	25,184	50,899	40,522	54,769	78,018	52,344	51,872	67,837	41,503	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Debt issuance costs
116	117	348	4,146	4,136	4,540	4,727	943	1,350	1,589	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
OP Unit distributions - General Partner
172,797	170,880	169,483	168,736	168,110	168,060	167,350	161,740	154,414	143,108	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
OP Unit distributions - Limited Partners
4,946	4,838	4,730	4,685	4,743	4,808	4,874	4,919	4,917	4,388	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Preferred OP Units distributions - Limited Partner
1,209	1,176	1,146	1,138	1,114	911	708	423	201	600	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Distributions to noncontrolling interests - partially owned properties
578	582	591	582	568	547	-509	576	721	748	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payments of employee taxes for withheld stock-based compensation shares
-2,816	-2,076	-2,076	-2,021	-2,021	-1,749	-1,756	-1,860	-1,860	-2,590	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of Limited Partner Units
14,011	14,023	1,559	2,722	2,308	2,203	1,684	432	161	3,886	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
27,674	37,325	-36,125	-165,427	-187,306	-115,077	202,288	445,150	946,904	1,109,403	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash and cash equivalents
-2,436	-16,806	4,261	-2,343	-1,502	16,434	-461	-2,283	-110,934	-12,764	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental disclosure of cash flow information - interest paid during the period
62,022	62,633	62,300	64,001	65,274	58,705	58,844	49,635	47,247	38,781	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental disclosure of noncash activity - change in fair value of interest rate swap agreements
-16,622	-10,112	-17,348	-14,172	-7,293	481	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Physicians Realty L P [Member]
Gain (Loss) on Disposition of Assets
-	-	-	-	-	11,664	12,230	-1,997	5,943	5,874	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net change in fair value of contingent consideration
-	-	-	-	-	-	-	-	-	-472	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds on sale of investment properties
-	-	-	-	-	217,222	219,469	95,434	22,837	20,397	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Investment in unconsolidated entities
-	-	-	-	-	0	-673,443	-599,540	-90,535	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Issuances of real estate loans receivable
-	-	-	-	-	11,750	2,219	32,469	38,784	39,063	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Issuances of note receivable
-	-	-	-	-	20,385	20,385	20,385	20,385	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of note receivable
-	-	-	-	-	-	-	-	-	16,423	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of senior unsecured notes
-	-	-	-	-	-	-	-	-	743,060	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Contributions to noncontrolling interests
-	-	-	-	-	-	-	-	-	47	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of Series A Preferred Units
-	-	-	-	-	-	-	-	-	19,961	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental disclosure of noncash activity - assumed debt
-	-	-	-	-	-	-	-	-	43,989	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental disclosure of noncash activity - issuance of OP Units and Series A Preferred Units in connection with acquisitions
-	-	-	-	-	22,651	22,651	22,651	22,651	44,978	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-