Duke realty corporation (DRE)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Cash flows from operating activities:
Investments and advances related to acquisition of previously unconsolidated companies

-

-

-

-

-

-

-

-

-

-

-

0

Distribution of property from unconsolidated company

-

-

-

-

-

-

-

-

-

-

-

76,449

Net income

432,644

387,268

1,654,341

315,278

621,861

246,455

196,549

-75,868

96,309

65,262

-271,490

110,408

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of buildings and tenant improvements

272,422

256,250

242,606

255,419

253,683

290,279

288,583

262,825

267,222

271,058

266,803

246,441

Amortization of deferred leasing and other costs

54,801

55,967

56,866

62,399

67,163

94,338

120,467

116,594

118,457

89,126

73,323

68,511

Amortization of deferred financing costs

6,536

5,867

5,402

5,327

6,997

9,786

12,968

13,321

14,530

13,897

13,679

13,640

Straight line rent adjustments, net

21,197

24,605

16,051

13,743

22,396

19,965

14,633

19,546

23,877

-15,233

18,832

15,118

Asset Impairment Charges

0

0

4,481

18,018

22,932

49,106

3,777

0

12,931

9,834

302,566

11,431

Gain (Loss) on Extinguishment of Debt

-6,320

-388

-26,104

-33,934

-85,713

-283

-9,433

0

0

-16,349

20,700

1,953

Gain on involuntary conversion

2,259

0

0

-

-

-

-

-

-

-

-

-

Gain on dissolution of unconsolidated joint venture

-

-

-

30,697

0

0

-

-

-

-

-

-

Gain on acquisitions

-

-

-

7,272

0

0

962

0

1,057

-57,715

-1,062

0

Gains on land and depreciated property sales

242,543

219,114

1,480,691

172,974

689,647

195,920

201,968

13,811

169,431

-72,716

19,480

29,612

Deferred tax asset valuation allowance

-

-

-

-

-

-

-

-

-

-

7,278

0

Build-for-Sale operations, net

-

-

-

-

-

-

-

-

-

-

14,482

-80,751

Third-party construction contracts, net

-9,254

15,400

-1,000

-5,273

-4,033

17,231

-31,920

10,837

17,352

-6,449

4,583

-125,855

Other accrued revenues and expenses, net

-8,476

-47,711

-3,104

-16,682

-11,025

-47,718

-21,706

-13,300

-24,001

68,892

-47,831

26,875

Equity in earnings in excess of operating distributions received from unconsolidated joint ventures

18,556

9,925

46,958

30,627

-25,287

60,362

32,164

-13,179

-15,804

8,851

-8,533

-5,618

Net cash provided by operating activities

505,898

484,407

450,204

457,017

386,651

444,487

435,676

299,157

337,537

391,156

400,472

642,847

Cash flows from investing activities:
Development of real estate investments

446,801

577,383

549,563

401,942

370,466

446,722

427,355

264,755

162,070

119,404

268,890

436,256

Payments to Acquire Real Estate

210,200

348,100

982,600

170,635

28,849

125,227

445,514

665,527

544,816

488,539

31,658

20,123

Acquisition of land and other real estate assets

388,202

244,262

243,846

99,168

39,881

68,156

76,655

64,944

14,090

14,404

5,474

40,893

Second generation tenant improvements, leasing costs and building improvements

47,549

53,474

52,554

59,349

61,900

98,821

91,798

63,884

99,264

88,723

79,054

74,814

Other deferred leasing costs

38,509

39,380

30,208

38,410

30,790

31,503

35,376

27,772

26,311

38,905

23,329

-30,498

Other assets

10,777

14,535

6,960

11,854

19,083

9,996

30,161

-4,504

-747

7,260

392

-281

Proceeds from the repayments of notes receivable from property sales

162,550

154,107

3,650

204,428

-

-

-

-

-

-

-

-

Proceeds from Sale of Real Estate Held-for-investment

432,700

511,400

2,520,000

538,900

1,675,690

493,217

740,039

138,118

1,572,093

499,520

256,330

-116,563

Capital distributions from unconsolidated joint ventures

26,272

23,133

124,956

126,051

68,985

91,750

109,158

5,157

59,252

22,119

0

-95,392

Capital contributions and advances to unconsolidated joint ventures

34,496

5,920

10,323

57,914

72,407

11,573

61,720

28,513

34,606

53,194

-23,481

-132,244

Net cash used for investing activities

-555,074

-594,430

775,912

30,099

1,121,299

-207,031

-319,382

-967,616

750,935

-288,790

-175,948

-522,592

Cash flows from financing activities:
Proceeds from issuance of common shares, net

272,761

34,913

13,383

220,258

4,530

289,122

649,690

315,295

0

298,004

551,136

17,100

Proceeds from issuance of preferred shares, net

-

-

-

-

-

-

-

-

-

-

-

290,014

Payments for redemption/repurchase of preferred shares

-

-

-

-

-

446,592

177,955

168,272

110,726

118,787

0

12,405

Proceeds from unsecured debt

582,284

450,000

300,000

375,000

0

300,000

750,000

600,000

0

250,000

500,000

325,000

Payments on unsecured debt

255,812

7,190

692,137

440,040

913,143

2,092

685,022

222,846

334,432

392,597

707,016

261,479

Proceeds from secured notes payable

-

-

-

-

-

-

1,933

13,336

0

4,158

290,418

0

Payments on secured indebtedness including principal amortization

45,515

232,234

72,648

354,832

245,665

112,877

169,188

117,287

29,025

207,060

11,396

55,600

Borrowings on line of credit, net

-30,000

30,000

-48,000

-23,000

-35,000

18,000

-197,000

264,707

-172,753

177,276

-467,889

-62,408

Distributions to common shareholders/unitholders

318,702

291,502

273,999

255,279

238,114

228,227

220,297

181,892

171,814

162,015

151,333

283,375

Distributions to common shareholders - special

0

0

302,833

0

69,055

0

0

-

-

-

-

-

Distributions to preferred shareholders

-

-

-

-

-

27,395

31,616

46,438

60,353

69,468

73,451

71,439

Distributions to noncontrolling Interest

-2,648

-2,456

-11,882

-2,640

-2,754

-2,791

-8,944

2,179

-5,292

5,741

1,524

-12,837

Tax payments on stock-based compensation awards

6,825

8,459

14,946

7,103

7,270

-

-

-

-

-

-

-

Change in book cash overdrafts

138

-22,088

22,924

2,324

3,392

-4,696

-32,823

45,272

0

0

-

-

Cash settlement of interest rate swaps

-35,600

0

0

-

-

-

-

-

-

-

-

-14,625

Other Financing Activities

-10,183

0

0

-

-

-

-

-

-

-

-

-

Deferred financing costs

4,839

9,071

8,931

6,724

260

13,458

9,686

9,307

8,652

5,074

28,679

3,681

Redemption of Limited Partner Units

0

0

457

0

0

7,803

0

6,208

0

0

-

-

Net cash provided by financing activities

145,090

-58,087

-1,089,526

-492,036

-1,503,339

-238,809

-130,908

488,539

-893,047

-231,304

-99,734

-145,735

Net increase (decrease) in cash, cash equivalents and restricted cash

95,914

-168,110

136,590

-4,920

4,611

-1,353

-14,614

-179,920

195,425

-128,938

124,790

-25,480

Noncash activities:
Liabilities and right-of-use assets - operating leases

40,467

0

0

-

-

-

-

-

-

-

-

-

Assumption of indebtedness and other liabilities in real estate acquisitions

-

-

-

-

-

355

107,992

112,754

177,082

527,464

0

39,480

Carrying amount of pre-existing ownership interest in acquired property

0

5,034

0

0

-

-

3,968

0

5,987

184,140

206,852

-

Non-cash property contribution from noncontrolling interests

0

3,200

0

0

-

-

2,426

0

53,293

41,609

20,663

133,312

Notes receivable from buyers in property sales

0

0

404,846

23,360

204,336

0

0

-

-

-

-

-

Assumption of indebtedness by buyer in real estate dispositions

-

-

-

-

-

-

-

-

24,914

0

0

-

Conversion of Limited Partner Units to common shares

1,624

-269

1,847

967

2,483

6,741

331

29,213

3,130

-8,055

-

13,149

Issuance of Limited Partner Units for acquisition

-

-

-

-

-

-

-

-

28,357

0

0

-

Duke Realty Limited Partnership [Member]
Net income

432,644

387,268

1,654,341

315,278

-

-

-

-

-

-

-

-

Depreciation of buildings and tenant improvements

272,422

256,250

242,606

255,419

-

-

-

-

-

-

-

-

Amortization of deferred leasing and other costs

54,801

55,967

56,866

62,399

-

-

-

-

-

-

-

-

Amortization of deferred financing costs

6,536

5,867

5,402

5,327

-

-

-

-

-

-

-

-

Straight line rent adjustments, net

21,197

24,605

16,051

13,743

-

-

-

-

-

-

-

-

Asset Impairment Charges

0

0

4,481

18,018

-

-

-

-

-

-

-

-

Gain (Loss) on Extinguishment of Debt

-6,320

-388

-26,104

-33,934

-

-

-

-

-

-

-

-

Gain on involuntary conversion

2,259

0

0

-

-

-

-

-

-

-

-

-

Gain on dissolution of unconsolidated joint venture

-

-

-

30,697

-

-

-

-

-

-

-

-

Gain on acquisitions

-

-

-

7,272

-

-

-

-

-

-

-

-

Gains on land and depreciated property sales

242,543

219,114

1,480,691

172,974

-

-

-

-

-

-

-

-

Third-party construction contracts, net

-9,254

15,400

-1,000

-5,273

-

-

-

-

-

-

-

-

Other accrued revenues and expenses, net

-8,476

-47,711

-3,104

-16,682

-

-

-

-

-

-

-

-

Equity in earnings in excess of operating distributions received from unconsolidated joint ventures

18,556

9,925

46,958

30,627

-

-

-

-

-

-

-

-

Net cash provided by operating activities

505,898

484,407

450,204

457,017

-

-

-

-

-

-

-

-

Development of real estate investments

446,801

577,383

549,563

401,942

-

-

-

-

-

-

-

-

Payments to Acquire Real Estate

210,224

348,107

982,598

170,635

-

-

-

-

-

-

-

-

Acquisition of land and other real estate assets

388,202

244,262

243,846

99,168

-

-

-

-

-

-

-

-

Second generation tenant improvements, leasing costs and building improvements

47,549

53,474

52,554

59,349

-

-

-

-

-

-

-

-

Other deferred leasing costs

38,509

39,380

30,208

38,410

-

-

-

-

-

-

-

-

Other assets

10,777

14,535

6,960

11,854

-

-

-

-

-

-

-

-

Proceeds from the repayments of notes receivable from property sales

162,550

154,107

3,650

204,428

-

-

-

-

-

-

-

-

Proceeds from Sale of Real Estate Held-for-investment

432,662

511,391

2,523,358

538,892

-

-

-

-

-

-

-

-

Capital distributions from unconsolidated joint ventures

26,272

23,133

124,956

126,051

-

-

-

-

-

-

-

-

Capital contributions and advances to unconsolidated joint ventures

34,496

5,920

10,323

57,914

-

-

-

-

-

-

-

-

Net cash used for investing activities

-555,074

-594,430

775,912

30,099

-

-

-

-

-

-

-

-

Contributions from the General Partner

272,761

34,913

13,383

220,258

-

-

-

-

-

-

-

-

Proceeds from unsecured debt

582,284

450,000

300,000

375,000

-

-

-

-

-

-

-

-

Payments on unsecured debt

255,812

7,190

692,137

440,040

-

-

-

-

-

-

-

-

Payments on secured indebtedness including principal amortization

45,515

232,234

72,648

354,832

-

-

-

-

-

-

-

-

Borrowings on line of credit, net

-30,000

30,000

-48,000

-23,000

-

-

-

-

-

-

-

-

Distributions to common shareholders/unitholders

321,469

294,233

276,539

257,820

-

-

-

-

-

-

-

-

Distributions to common shareholders - special

0

0

305,628

0

-

-

-

-

-

-

-

-

Distributions to noncontrolling Interest

119

275

-6,547

-99

-

-

-

-

-

-

-

-

Tax payments on stock-based compensation awards

6,825

8,459

14,946

7,103

-

-

-

-

-

-

-

-

Change in book cash overdrafts

138

-22,088

22,924

2,324

-

-

-

-

-

-

-

-

Cash settlement of interest rate swaps

-35,569

0

0

-

-

-

-

-

-

-

-

-

Other Financing Activities

-10,183

0

0

-

-

-

-

-

-

-

-

-

Deferred financing costs

4,839

9,071

8,931

6,724

-

-

-

-

-

-

-

-

Redemption of Limited Partner Units

0

0

457

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

145,090

-58,087

-1,089,526

-492,036

-

-

-

-

-

-

-

-

Net increase (decrease) in cash, cash equivalents and restricted cash

95,914

-168,110

136,590

-4,920

-

-

-

-

-

-

-

-

Liabilities and right-of-use assets - operating leases

40,467

0

0

-

-

-

-

-

-

-

-

-

Carrying amount of pre-existing ownership interest in acquired property

0

5,034

0

0

-

-

-

-

-

-

-

-

Non-cash property contribution from noncontrolling interests

0

3,200

0

0

-

-

-

-

-

-

-

-

Notes receivable from buyers in property sales

0

0

404,846

23,360

-

-

-

-

-

-

-

-

Conversion of Limited Partner Units to common shares

1,624

-269

1,847

967

-

-

-

-

-

-

-

-