Eastgroup properties inc (EGP)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
OPERATING ACTIVITIES
Net Income

123,340

88,636

83,589

96,094

48,399

48,473

33,225

32,887

22,834

18,755

27,094

34,768

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, Depletion and Amortization

104,724

91,704

83,874

77,935

73,290

70,314

65,789

61,345

56,739

57,806

53,953

51,144

Depreciation and amortization from discontinued operations

-

-

-

-

-

-

130

929

712

544

51

148

Amortization of mortgage loan premiums

-

-

-

-

-

-

-

-

-

-

-

-120

Gain on sales of land and real estate investments

-

-

-

-

-

-

-

-

-

-

-

-2,353

Gain on sales of securities

-

-

-

-

-

-

-

-

-

-

-

-435

Amortization of discount on mortgage loan receivable

-

-

-

-

-

-

-

-

-

-

-

-117

Stock-based compensation expense

6,838

5,283

5,521

4,590

6,733

5,146

4,229

3,497

2,452

1,998

1,827

2,265

Net gain on sales of real estate investments and non-operating real estate

41,151

14,359

22,148

42,903

3,026

9,286

822

6,510

36

0

-

-

Gain on casualties and involuntary conversion on real estate assets

-180

-1,245

0

0

-

-

-

-

-

-

-

-

Equity in earnings of unconsolidated investment, net of distributions

-

-

-

-

-

-

-

-

-

-

-

-36

Changes in operating assets and liabilities:
Accrued income and other assets

5,558

4,091

5,034

2,883

2,118

713

1,629

-601

1,425

-212

-1,258

-814

Accounts payable, accrued expenses and prepaid rent

6,514

-2,682

8,333

5,736

6,928

2,315

8,906

-1,118

5,466

-2,268

-3,345

3,673

Other

1,385

1,485

879

295

-157

-28

-78

177

-195

-189

-254

-

NET CASH PROVIDED BY OPERATING ACTIVITIES

195,912

164,731

155,014

138,864

130,049

116,221

109,750

91,808

86,547

76,858

80,584

88,123

INVESTING ACTIVITIES
Development and value-add properties

318,288

167,667

124,938

203,765

95,032

97,696

76,240

55,404

42,148

9,145

35,057

85,441

Purchases of real estate

142,712

57,152

55,195

27,668

31,574

48,805

72,397

51,750

88,592

23,906

17,725

46,282

Real estate improvements

37,775

37,502

27,385

23,809

25,062

20,524

20,807

18,135

19,048

23,720

14,474

15,210

Net proceeds from sales of real estate investments and non-operating real estate

66,737

24,508

42,710

78,780

5,156

20,625

4,273

17,087

0

0

908

11,728

Proceeds from casualties and involuntary conversion on real estate assets

723

1,635

0

0

-

-

-

-

-

-

-

-

Capital contributions to unconsolidated investment

-

-

-

-

-

5,132

0

5,223

-

-

-

-

Advances on mortgage loans receivable

-

-

-

-

-

-

-

-

0

0

-

-4,994

Repayments on mortgage loans receivable

915

1,987

171

123

116

3,902

463

20

33

37

31

871

Purchases of securities

-

-

-

-

-

-

-

-

-

-

-

7,534

Proceeds from sales of securities

-

-

-

-

-

-

-

-

-

-

-

7,969

Changes in accrued development costs

-3,644

5,711

-144

3,629

-1,705

241

509

1,242

5,255

8

6,462

-5,894

Changes in other assets and other liabilities

9,293

12,955

14,645

13,762

8,317

12,181

11,912

7,745

-6,333

6,775

7,545

7,395

NET CASH USED IN INVESTING ACTIVITIES

-443,337

-241,435

-179,426

-186,472

-156,418

-159,570

-176,111

-119,908

-150,833

-63,501

-80,324

-152,182

FINANCING ACTIVITIES
Proceeds from unsecured bank credit facilities

932,658

448,100

391,617

608,349

420,104

350,214

424,375

284,877

336,575

211,041

225,314

331,644

Repayments on unsecured bank credit facilities

1,015,678

448,709

387,298

567,165

368,669

339,765

411,583

363,233

273,353

208,903

246,044

357,202

Proceeds from Unsecured Debt

290,000

60,000

60,000

205,000

150,000

75,000

175,000

80,000

50,000

0

0

-

Repayments on unsecured debt

75,000

50,000

0

-80,000

0

0

-

-

-

-

-

-

Proceeds from secured debt

-

-

-

-

-

-

-

54,000

65,000

74,000

76,365

137,000

Repayments on secured debt

55,593

11,289

58,209

-92,773

-102,337

-48,846

107,953

74,308

81,128

32,401

59,100

16,434

Debt issuance costs

893

1,922

380

1,487

1,952

499

2,222

1,490

925

709

492

2,372

Distributions paid to stockholders (not including dividends accrued)

108,795

71,294

86,725

80,899

75,845

70,456

64,798

61,297

56,042

56,294

54,316

54,174

Redemption of Series D preferred shares

-

-

-

-

-

-

-

-

-

-

-

-33,008

Proceeds from common stock offerings

284,710

157,319

109,207

59,283

6,233

78,868

53,247

109,588

25,181

303

57,181

57,179

Proceeds from exercise of stock options

-

-

-

-

-

-

120

108

217

404

1,180

526

Proceeds from dividend reinvestment plan

212

221

228

236

256

216

206

219

249

262

268

281

Other

-4,346

-5,364

-4,534

-2,462

-1,384

-1,380

-1,281

720

-1,451

-1,985

153

188

NET CASH PROVIDED BY FINANCING ACTIVITIES

247,275

77,062

23,906

48,082

26,406

43,352

65,111

29,184

64,323

-14,282

509

63,628

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

-150

358

-506

474

37

3

-1,250

1,084

37

-925

769

-431

Supplemental Cash Flow Information [Abstract]
Cash paid for interest, net of amounts capitalized of $2,561 and $2,036 for 2020 and 2019, respectively

30,839

33,458

33,634

33,595

33,164

34,426

32,880

34,385

33,671

34,380

31,297

29,573

Cash paid for operating lease liabilities

1,314

0

0

-

-

-

-

-

-

-

-

-

NON-CASH OPERATING ACTIVITY
Operating lease liabilities arising from obtaining right of use assets

15,435

0

0

-

-

-

-

-

-

-

-

-

Fair value of debt assumed by the Company in the purchase of real estate

-

-

-

-

-

2,847

0

0

-

-

-

-

Fair value of common stock awards issued to employees and directors, net of forfeitures

-

-

-

-

-

-

-

-

-

-

2,444

1,255