Equity commonwealth (EQC)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income

492,866

272,908

29,666

232,894

99,857

24,012

-156,967

-79,845

109,984

135,409

164,674

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation

23,782

40,386

73,169

102,695

145,888

166,076

178,353

188,123

166,444

180,619

155,341

Net amortization of debt discounts, premiums and deferred financing fees

204

2,553

3,135

3,725

1,028

-552

81

3,405

6,943

7,534

6,782

Straight line rental income

418

4,971

14,425

14,083

5,255

12,759

31,229

38,812

31,474

12,200

13,368

Amortization of acquired real estate leases

158

2,187

8,994

21,129

34,277

51,140

59,274

60,176

48,441

34,032

35,174

Other amortization

4,009

6,127

9,989

14,513

21,309

20,931

18,850

19,955

16,744

16,324

15,206

Amortization of right-of-use asset

736

-

-

-

-

-

-

-

-

-

-

Share-based compensation

14,426

19,697

21,414

18,530

15,425

5,733

0

-

-

-

-

Loss on asset impairment

0

12,100

19,700

58,476

17,162

187,305

227,122

168,632

-10,355

-129,264

-31,882

Loss on early extinguishment of debt

-6,374

-7,122

-493

-2,680

6,661

1,564

-61,063

-1,895

-35

-1,044

20,686

Loss on sale of marketable securities

0

-4,987

0

0

-

-

-

-

-

-

-

Net gain on sale of properties

422,172

251,417

15,498

250,886

84,421

0

-20,566

2,039

42,752

172,104

79,133

Loss on sale of real estate mortgage receivable

0

-2,117

0

0

-

-

-

-

-

-

-

Equity in earnings of investees

-

-

-

-

-

24,460

25,754

11,420

11,377

8,464

6,546

Gain on sale of equity investments

-

-

-

-

-

171,561

66,293

0

-

-

-

Gain on issuance of shares by an equity investee

-

-

-

-

-

17,020

0

7,246

11,177

34,808

-

Distributions of earnings from investees

-

-

-

-

-

20,680

23,911

10,835

11,238

8,465

4,975

Foreign currency exchange loss

-

-

-

-5

-8,857

0

0

-

-

-

-

Other non-cash expenses

-

-

-

-

-

2,402

0

0

-

-

-

Change in assets and liabilities:
Gain on asset acquisition

-

-

-

-

-

-

-

-

-

20,392

-

Restricted cash

-

-

-

-

-

-3,486

1,832

6,216

2,787

-6,580

825

Rents receivable and other assets

13,099

19,886

23,708

23,921

47,472

30,785

57,039

38,801

31,362

22,580

5,650

Accounts payable, accrued expenses and other

-5,311

-704

-9,384

4,927

-4,643

10,389

-14,333

6,034

12,589

3,129

3,034

Rent collected in advance

-2,610

-3,657

-3,563

-6,981

-8,462

-229

125

-1,104

8,479

-1,200

2,983

Security deposits

-

-

-

-

1,225

433

611

1,548

1,933

719

5,162

Due to related persons

-

-

-

-

-

-9,277

-1,858

1,663

1,076

683

-1,764

Net cash provided by operating activities

98,945

89,536

99,996

163,703

188,114

224,380

234,651

276,783

263,332

252,054

297,241

CASH FLOWS FROM INVESTING ACTIVITIES:
Real estate acquisitions

-

-

-

2,802

0

0

154,370

631,279

768,060

895,549

608,621

Real estate improvements

26,052

49,930

64,813

121,450

70,633

99,651

114,451

131,300

100,339

77,389

57,026

Insurance proceeds received

0

1,443

4,000

500

0

0

-

-

-

-

-

Investment in direct financing lease, net

-

-

-

-

-

-

-

-

38,635

-

-

Principal payments received from direct financing lease

-

-

-

-

7,352

7,311

6,970

6,645

5,256

-

-

Principal payments received from real estate mortgages receivable

0

0

313

0

0

-

1,000

0

8,183

105

-

Proceeds from investment in marketable pass through certificates

-

-

-

-

-

-

-

-

-

8,000

6,760

Proceeds from sale of properties, net

771,787

961,079

802,324

1,149,471

1,888,815

185,299

224,976

9,643

264,284

603,800

212,048

Proceeds from sale of real estate mortgage receivable

0

5,599

0

0

-

-

-

-

-

-

-

Purchase of marketable securities

0

0

276,238

0

0

23,988

0

-

-

-

-

Proceeds from sale of marketable securities

0

23,933

0

0

27,068

0

0

-

-

-

-

Proceeds from maturity of marketable securities

250,000

0

0

-

-

-

-

-

-

-

-

Proceeds from sale of equity investments, net

-

-

-

-

-

710,492

239,576

0

-

-

-

Distributions in excess of earnings from investees

-

-

-

-

-

-

168

5,981

5,379

7,654

-

Investment in Affiliates Insurance Company

-

-

-

-

-

-

-

5,335

-

76

5,133

(Increase) decrease in restricted cash

-

-

-

-

-

8,225

9,102

2,541

-

-

-

Deconsolidation of a subsidiary

-

-

-

-

-

-

-12,286

0

-

-

-

Net cash provided by investing activities

995,735

942,124

465,586

1,025,719

1,852,602

771,238

182,481

-748,186

-623,932

-353,455

-465,492

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of common shares, net

-

-

-

-

-

-

626,809

363,657

264,056

430,778

-

Repurchase and retirement of common shares

5,487

93,976

3,188

69,987

87,983

0

0

-

-

-

14,486

Proceeds from issuance of preferred shares, net

-

-

-

-

-

-

-

-

265,391

-

-

Redemption of preferred shares

-

-

-

275,000

0

0

-

150,000

-

175,000

-

Repurchase and retirement of outstanding debt securities

-

-

-

-

-

-

728,021

0

-

-

88,251

Proceeds from borrowings

-

-

-

-

-

-

1,036,000

1,702,500

1,007,000

1,828,632

1,082,000

Payments on borrowings

255,842

581,460

295,053

560,187

469,963

785,316

1,065,432

1,312,982

975,030

1,618,101

632,059

Deferred financing fees

-

-

-

52

7,143

0

1,204

15,117

7,131

13,055

17,721

Contributions from holders of noncontrolling interest

0

1

31

0

0

-

-

-

-

-

-

Distributions to common shareholders

428,649

304,612

0

0

-

29,597

109,702

146,539

150,074

126,237

107,878

Distributions to preferred shareholders

7,988

7,988

7,988

17,956

27,924

32,095

44,604

52,710

44,405

49,656

50,668

Distributions to holders of noncontrolling interest

170

114

0

0

-

-

14,863

8,386

-

-

-

Purchase of noncontrolling equity interest

-

-

-

-

-

-

-

-

-

2,500

-

Net cash used in financing activities

-698,136

-988,149

-306,198

-923,182

-593,013

-847,008

-301,017

380,423

359,807

274,861

170,937

Effect of exchange rate changes on cash

-

-

-

-8

-9,502

-1,126

-1,302

436

-484

2,376

-

Increase in cash, cash equivalents, and restricted cash

396,544

43,511

259,384

266,232

1,438,201

147,484

114,813

-90,544

-1,277

175,836

2,686

SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid

13,032

27,117

56,796

85,310

111,324

146,265

192,010

204,772

186,774

173,221

166,771

NON-CASH INVESTING ACTIVITIES:
Real estate acquisitions

-

-

-

-

-

-

-

370,139

-321,235

-

-9,078

Investment in real estate mortgage receivable

-

-

-

-

-

-

7,688

1,419

-

-8,288

-

Net assets transferred to Select Income REIT

-

-

-

-

-

-

492,736

0

-

-

395,317

Taxes paid, net

2,933

2,264

910

327

6,028

2,732

1,303

779

966

690

711

Recognition of right-of-use asset and lease liability

1,503

-

-

-

-

-

-

-

-

-

-

(Decrease) increase in accrued capital expenditures

1,383

13,540

7,168

-10,331

-13,528

7,690

-8,475

-4,501

-

-

-

NON-CASH FINANCING ACTIVITIES:
Issuance of common shares

-

-

-

-

-

-

-

-

1,039

896

628

Working capital acquired

-

-

-

-

-

-

-

-

-

1,153

-

Assumption of mortgage notes payable

-

-

-

-

-

-

-

359,213

321,235

-

9,069

Liabilities assumed

-

-

-

-

-

-

-

10,926

-

-

-

Assumption of note payable

-

-

-

-

-

-

-

-

4,059

-

-

Mortgage note payable and interest payable transferred in consensual foreclosure

-

-

-

-

43,255

0

0

-

-

-

-

Secured credit facility and related deferred financing fees transferred to Government Properties Income Trust

-

-

-

-

-

-

-

-

-

-

-243,199