Equity commonwealth (EQC)
CashFlow / TTM
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'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income

707,776

492,866

492,292

501,173

295,843

272,908

235,917

236,364

193,506

29,666

63,495

116,659

210,314

232,894

263,779

207,857

132,629

99,857

-101,849

24,425

17,194

24,012

177,272

-195,675

-172,143

-156,967

-298,936

-60,464

-68,795

-79,845

82,298

88,568

87,946

109,984

117,415

154,690

144,724

135,409

0

0

0

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

20,761

23,782

27,850

32,177

36,510

40,386

46,135

53,672

62,555

73,169

81,745

88,133

96,006

102,695

107,777

115,313

128,052

145,888

160,744

171,938

174,812

166,076

160,567

162,859

168,686

178,353

191,441

193,449

191,029

188,123

180,159

176,402

169,430

166,444

186,368

182,024

182,321

180,619

0

0

0

Net amortization of debt discounts, premiums and deferred financing fees

-17

204

812

1,426

1,917

2,553

2,794

3,019

3,223

3,135

3,191

3,355

3,455

3,725

3,885

3,108

1,982

1,028

174

-88

-214

-552

-943

-1,444

-857

81

974

2,567

3,288

3,405

4,228

4,742

5,657

6,943

7,357

7,681

7,635

7,534

0

0

0

Straight line rental income

-617

418

1,335

3,269

4,280

4,971

5,923

8,045

11,566

14,425

14,186

13,583

14,639

14,083

14,127

13,074

9,273

5,255

5,873

7,169

6,595

12,759

15,571

18,632

26,244

31,229

36,202

40,619

41,682

38,812

36,317

33,448

32,185

31,474

0

0

0

-

-

-

-

Amortization of acquired real estate leases

105

158

330

730

1,243

2,187

3,936

5,601

7,451

8,994

9,913

11,250

19,040

21,129

24,180

28,698

28,602

34,277

40,095

43,747

49,465

51,140

52,355

54,020

54,350

59,274

62,372

63,814

62,668

60,176

58,941

57,718

53,279

48,441

44,266

39,091

36,151

34,032

0

0

0

Other amortization

3,707

4,009

4,439

4,997

5,533

6,127

6,853

7,887

8,562

9,989

11,264

12,183

13,407

14,513

15,304

16,464

18,124

21,309

22,974

24,134

24,046

20,931

19,304

18,623

18,281

18,850

20,072

19,946

19,962

19,955

19,168

18,465

17,307

16,744

16,294

16,095

16,369

16,324

0

0

0

Amortization of right-of-use asset

744

736

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share-based compensation

13,802

14,426

15,076

16,865

18,286

19,697

20,784

21,162

21,526

21,414

20,966

20,285

19,403

18,530

17,531

16,292

15,820

15,425

14,356

10,489

6,337

5,733

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on asset impairment

-

-

-

-

-

12,100

12,073

12,073

30,501

19,700

34,454

34,454

59,762

58,476

43,736

43,736

15,258

17,162

224,627

224,749

184,736

187,305

432,577

215,375

235,541

227,122

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Loss on early extinguishment of debt

-

-

-

-

-

-7,122

-6,630

-6,833

-5,360

-493

-2,828

-2,625

-2,562

-2,680

432

-3,455

6,971

6,661

4,321

14,907

1,136

1,564

2,318

-4,381

-1,036

-61,063

-60,027

-60,247

-61,855

-1,895

0

0

0

-

-

-

-

-

-

-

-

Loss on sale of marketable securities

-

-

-

-

-

-4,987

-4,987

-4,987

-4,987

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gain on sale of properties

648,755

422,172

420,540

439,472

239,243

251,417

223,853

228,056

204,255

15,498

70,346

127,435

230,674

250,886

266,678

224,302

115,219

84,421

42,953

3,160

5,868

0

-25,521

-25,521

-23,422

-20,566

0

0

0

-

-

-

-

42,752

0

0

0

-

-

-

-

Equity in earnings of investees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24,460

35,301

44,721

32,426

25,754

17,678

10,054

12,724

11,420

11,642

11,542

11,623

11,377

10,211

9,442

8,837

8,464

0

0

0

Gain on sale of equity investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

66,293

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Gain on issuance of shares by an equity investee

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,020

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

34,808

0

0

0

Distributions of earnings from investees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20,680

30,800

40,480

29,920

23,911

16,396

9,354

12,033

10,835

11,189

11,291

11,476

11,238

10,084

9,308

7,160

8,465

0

0

0

Foreign currency exchange loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-5

91

-9,718

-8,862

-8,857

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other non-cash expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,402

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in assets and liabilities:
Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

9,394

-

8,423

72

-490

-3,486

-1,653

2,157

-430

1,832

378

911

2,334

6,216

1,456

7,099

3,121

2,787

4,248

-7,365

-4,960

-6,580

0

0

0

Rents receivable and other assets

7,017

13,099

11,209

11,066

15,291

19,886

22,695

20,662

16,879

23,708

24,209

30,096

26,674

23,921

21,339

40,770

34,280

47,472

48,806

31,358

41,213

30,785

26,920

54,446

54,086

57,039

50,716

43,307

36,834

38,801

45,003

40,898

25,905

31,362

19,148

20,237

26,797

22,580

0

0

0

Accounts payable, accrued expenses and other

1,591

-5,311

-1,339

-3,369

1,348

-704

2,835

-7,429

4,587

-9,384

-8,512

-3,572

-12,765

4,927

-4,177

-5,766

130

-4,643

-15,206

17,375

11,800

10,389

-5,623

-6,429

891

-14,333

26,290

-12,132

-1,105

6,034

1,083

10,054

2,574

12,589

16,446

7,811

2,434

3,129

0

0

0

Rent collected in advance

-1,735

-2,610

-935

-2,869

-3,742

-3,657

-4,879

-7,700

-5,765

-3,563

-6,679

-4,164

-3,310

-6,981

-6,262

-1,574

-11,097

-8,462

-942

-6,429

276

-229

-7,219

5,516

948

125

12,616

-3,341

729

-1,104

-9,963

384

4,469

8,479

3,418

1,301

-4,548

-1,200

0

0

0

Security deposits

-

-

-

-

-

-

-

-

-

-

-

-

637

-

161

852

982

1,225

1,694

789

280

433

121

730

857

611

1,660

957

1,261

1,548

276

1,874

1,959

1,933

2,850

2,368

1,027

719

0

0

0

Due to related persons

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-9,277

-6,458

-1,808

-3,709

-1,858

-23,660

-1,709

969

1,663

3,451

1,823

955

1,076

1,661

2,518

1,197

683

0

0

0

Net cash provided by operating activities

97,953

98,945

113,083

106,897

102,677

89,536

87,725

79,720

103,626

99,996

109,809

113,985

136,718

163,703

163,403

158,809

170,777

188,114

205,084

218,407

218,074

224,380

205,710

227,102

238,446

234,651

280,031

274,781

284,464

276,783

256,542

270,692

273,318

263,332

246,897

247,219

229,065

252,054

0

0

0

CASH FLOWS FROM INVESTING ACTIVITIES:
Real estate acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

154,370

396,173

542,679

689,062

631,279

407,609

522,280

563,676

768,060

1,238,553

1,189,596

1,176,903

895,549

0

0

0

Real estate improvements

13,252

26,052

29,628

35,800

51,509

49,930

54,831

59,031

57,685

64,813

81,044

99,146

115,376

121,450

119,343

102,299

84,433

70,633

61,112

67,837

73,357

99,651

116,147

120,980

125,944

114,451

125,462

134,572

131,834

131,300

119,873

109,711

112,266

100,339

0

0

0

-

-

-

-

Insurance proceeds received

-

-

-

-

-

1,443

1,443

1,443

3,443

4,000

4,500

4,500

2,500

500

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in direct financing lease, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

38,635

0

0

0

-

-

-

-

Principal payments received from direct financing lease

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,352

7,577

7,488

7,399

7,311

7,225

7,138

7,054

6,970

6,887

6,806

6,724

6,645

6,567

6,489

6,412

5,256

0

0

0

-

-

-

-

Principal payments received from real estate mortgages receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,183

0

0

0

-

-

-

-

Proceeds from sale of properties, net

917,007

771,787

778,532

925,544

644,134

961,079

1,057,369

1,424,346

1,452,510

802,324

814,357

945,997

1,125,218

1,149,471

1,497,628

1,315,586

1,987,365

1,888,815

1,425,590

962,123

205,140

185,299

372,576

376,292

222,813

224,976

0

0

0

-

-

-

-

264,284

0

0

0

-

-

-

-

Purchase of marketable securities

-

-

-

-

-

-

-

-

-

276,238

276,238

276,238

276,238

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of marketable securities

-

-

-

-

-

23,933

23,933

23,933

18,613

0

0

0

0

-

-

-

-

27,068

27,068

27,068

27,068

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from maturity of marketable securities

0

250,000

250,000

250,000

250,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of equity investments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

239,576

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Distributions in excess of earnings from investees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

168

1,842

3,383

4,883

5,981

5,527

5,425

5,240

5,379

0

0

0

-

-

-

-

Investment in Affiliates Insurance Company

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

76

0

0

0

(Increase) decrease in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

6,754

-

6,667

6,877

11,542

8,225

10,890

10,414

8,046

9,102

3,476

2,769

-4,806

2,541

0

0

0

-

-

-

-

-

-

-

-

Net cash provided by investing activities

903,755

995,735

998,904

1,145,343

853,544

942,124

1,033,826

1,391,004

1,417,194

465,586

457,164

569,728

736,789

1,025,719

1,384,767

1,221,746

1,908,372

1,852,602

1,368,468

1,602,693

841,212

771,238

963,316

257,266

79,539

182,481

-250,393

-387,087

-558,436

-748,186

-512,039

-452,299

-497,799

-623,932

-765,476

-668,674

-588,614

-353,455

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

626,809

809,652

809,652

809,694

363,657

0

0

0

-

-

-

-

430,778

0

0

0

Repurchase and retirement of common shares

27,026

5,487

9,553

9,553

9,408

93,976

92,889

92,889

92,889

3,188

44,633

44,633

44,633

69,987

25,563

113,546

113,546

87,983

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase and retirement of outstanding debt securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

728,021

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,036,000

1,370,000

2,194,000

2,285,000

1,702,500

1,625,500

966,500

1,050,500

1,007,000

1,430,000

2,122,632

2,067,632

1,828,632

0

0

0

Payments on borrowings

255,847

255,842

261,365

261,491

406,338

581,460

578,373

828,455

469,970

295,053

711,068

461,562

420,613

560,187

468,686

468,804

608,296

469,963

377,010

911,226

772,839

785,316

652,348

119,223

137,363

1,065,432

1,221,559

1,879,939

1,886,035

1,312,982

1,291,807

915,684

1,149,794

975,030

1,039,978

1,766,895

1,643,970

1,618,101

0

0

0

Deferred financing fees

-

-

-

-

-

-

-

-

-

-

-

-

-

52

52

52

52

7,143

7,143

7,143

7,143

0

0

4

11

1,204

1,587

10,268

10,543

15,117

0

0

0

-

-

-

-

13,055

0

0

0

Contributions from holders of noncontrolling interest

-

-

-

-

-

-

-

-

-

31

31

31

30

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions to common shareholders

429,425

428,649

305,772

305,772

305,772

304,612

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

29,597

59,193

88,772

118,348

109,702

101,057

113,344

125,629

146,539

167,449

161,657

155,865

150,074

144,282

140,506

135,444

126,237

0

0

0

Distributions to preferred shareholders

7,988

7,988

7,988

7,988

7,988

7,988

7,988

7,988

7,988

7,988

7,988

7,988

12,972

17,956

22,940

27,924

27,924

27,924

27,924

34,906

27,925

32,095

36,265

33,453

44,604

44,604

44,605

47,546

50,218

52,710

55,381

54,192

49,209

44,405

42,237

42,001

45,828

49,656

0

0

0

Distributions to holders of noncontrolling interest

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,863

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-721,453

-698,136

-584,792

-584,918

-729,619

-988,149

-679,249

-929,331

-570,846

-306,198

-763,658

-514,152

-753,188

-923,182

-792,241

-885,326

-749,818

-593,013

-500,060

-953,275

-807,907

-847,008

-747,806

-141,452

-193,112

-301,017

64,082

51,285

128,603

380,423

116,157

266,517

393,135

359,807

553,607

440,088

243,705

274,861

0

0

0

Effect of exchange rate changes on cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-8

71

-9,806

-8,951

-9,502

-10,609

-1,587

-2,342

-1,126

-931

228

-866

-1,302

-410

-264

474

436

1,347

-1,140

-456

-484

0

0

0

-

-

-

-

Increase in cash, cash equivalents, and restricted cash

280,255

396,544

527,195

667,322

226,602

43,511

442,302

541,393

949,974

259,384

-196,685

169,561

120,319

266,232

756,000

485,423

1,320,380

1,438,201

1,062,883

866,238

249,037

147,484

420,289

343,144

124,007

114,813

93,310

-61,285

-144,895

-90,544

-137,993

83,770

168,198

-1,277

35,950

21,592

-113,313

175,836

0

0

0

SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid

5,684

13,032

13,882

21,704

20,200

27,117

32,287

46,084

49,142

56,796

66,345

68,705

79,053

85,310

87,099

94,251

106,387

111,324

120,915

131,239

136,516

146,265

154,117

160,022

163,870

192,010

195,739

214,653

209,169

204,772

201,389

194,968

195,439

186,774

182,169

175,520

177,156

173,221

0

0

0

Taxes refunded, net

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NON-CASH INVESTING ACTIVITIES:
Real estate acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

370,139

-243,212

-437,825

-465,048

-321,235

0

0

0

-

-

-

-

Investment in real estate mortgage receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,688

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Taxes paid, net

-

-

-

-

-

-

-

-

-

910

954

953

734

327

278

3,043

3,705

6,028

5,853

3,088

2,662

2,732

2,838

2,901

3,117

1,303

1,408

1,377

1,252

779

1,131

1,121

840

966

550

485

686

690

0

0

0

Recognition of right-of-use asset and lease liability

0

1,503

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Decrease) increase in accrued capital expenditures

-453

1,383

6,964

12,993

16,344

13,540

19,781

14,163

3,005

7,168

-17,398

-13,515

247

-10,331

-584

-13,323

-20,979

-13,528

-17,820

-5,155

-1,798

7,690

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NON-CASH FINANCING ACTIVITIES:
Assumption of mortgage notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

359,213

0

0

0

-

-

-

-

-

-

-

-

Assumption of note payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,059

0

0

0

-

-

-

-