EXTRA SPACE STORAGE INC. EXR Cash Flow

Extra space storage inc. (EXR)

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	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities:
Net income
465,125	451,123	440,094	463,786	453,810	447,080	567,145	528,533	519,918	514,222	375,323	401,474	397,416	397,089	318,417	269,391	240,307	209,536	247,278	228,271	213,323	195,896	228,582	201,741	192,834	185,556	142,257	151,458	139,102	127,689	107,230	83,029	70,801	58,423	50,797	42,927	38,335	33,374	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
220,473	219,857	218,242	214,474	211,960	209,050	205,081	200,873	195,613	193,296	193,297	191,777	189,095	182,560	174,168	158,324	145,926	133,457	121,872	120,410	117,129	115,076	111,889	106,068	100,582	95,232	90,773	87,113	80,954	74,453	68,891	63,487	60,953	58,014	55,250	53,405	51,515	50,349	0	0	0
Amortization of deferred financing costs
11,785	11,989	13,968	14,228	14,299	14,286	12,273	12,270	12,207	12,289	12,780	13,388	13,202	12,922	12,291	10,068	9,004	7,779	6,513	6,684	6,549	6,592	6,754	6,198	6,128	5,997	5,071	5,554	5,153	5,889	6,879	6,720	6,727	5,583	4,751	4,240	4,206	4,354	0	0	0
Non-cash interest expense related to amortization of discount on equity component of exchangeable senior notes
4,789	4,742	4,695	4,649	4,640	4,687	4,801	4,929	5,043	5,103	5,091	5,066	5,016	4,980	4,828	4,390	3,846	3,310	2,877	2,751	2,718	2,683	0	0	0	-	-	-	-	444	897	1,337	1,777	1,761	1,736	1,712	1,688	1,664	0	0	0
Non-cash lease expense
0	-	-	-	0	-	-	-	-	-	-	-	-	-872	-1,191	-1,423	-2,016	-2,409	-2,775	-3,176	-2,931	-3,079	-2,561	-2,006	-1,524	-1,194	-1,302	-1,412	-1,519	-1,270	0	0	0	-	-	-	-	-	-	-	-
Compensation expense related to stock-based awards
13,077	13,051	12,708	12,286	11,404	11,176	10,772	10,448	10,297	9,561	9,281	8,907	8,325	8,045	7,678	7,353	6,623	6,055	5,514	4,980	5,005	4,984	5,020	5,033	4,917	4,819	4,692	4,620	4,422	4,356	5,180	5,367	5,588	5,757	5,018	4,889	4,787	4,580	0	0	0
Gain on real estate transactions and impairment of real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	8,465	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of real estate assets and purchase of joint venture partners' interests
-	-	-	-	-	-	-	-	-	-	-	-	-	69,199	64,432	26,923	26,923	2,857	0	0	0	-	-	-	-	46,032	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Distributions from unconsolidated real estate ventures in excess of earnings
-7,165	-6,358	-6,384	-6,586	-7,098	-6,867	-6,304	-5,817	-4,945	-4,567	-3,961	-3,963	-3,659	-3,534	-3,582	-3,008	-2,928	-4,531	-4,541	-4,542	-6,087	-4,510	-5,289	-6,341	-4,708	-4,838	-4,477	-4,319	-3,146	-2,581	-3,985	-2,025	-6,284	-7,008	-6,557	-8,796	-6,684	-6,722	0	0	0
Changes in operating assets and liabilities:
Receivables from related parties and affiliated real estate joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,734	-1,586	1,947	1,436	1,742	440	872	-71	48	5,075	-130	-1,277	-743	-10,459	-4,060	-7,439	746	7,486	6,081	8,634	-3,947	-1,637	-3,208	-3,011	0	0	0
Other assets
9,687	12,482	12,178	7,043	1,232	1,664	-1,936	20,662	16,363	12,728	858	-14,775	-6,560	1,614	-2,791	-603	3,811	1,172	21,987	8,232	5,583	1,498	-10,495	-10,550	-9,122	-8,725	-2,577	-9,533	-6,818	-8,746	-11,291	-3,734	-7,402	-7,533	-1,594	-3,349	-6,907	1,676	0	0	0
Accounts payable and accrued expenses
12,831	15,522	4,369	16,480	-1,280	2,736	10,737	15,463	29,988	-10,515	5,562	-7,613	-14,352	10,075	264	-4,151	-11,566	108	2,775	3,839	18,667	4,920	15,280	18,557	7,451	8,302	8,639	-141	5,606	7,220	8,686	13,379	4,464	9,837	5,478	1,551	1,467	1,856	0	0	0
Other liabilities
1,833	-2,333	6,157	8,026	5,634	14,384	7,339	9,205	7,003	-5,631	-3,338	-6,291	-5,166	208	16,891	12,401	16,030	11,928	5,066	298	2,427	6,640	-8,548	-6,620	-6,416	-5,858	6,202	4,419	4,689	2,002	-1,375	631	-2,647	-1,118	-4,386	-569	-1,995	-1,419	0	0	0
Net cash provided by operating activities
727,603	707,686	693,234	701,460	675,526	677,795	676,773	648,068	655,862	597,375	602,733	588,642	556,918	539,263	467,207	423,712	375,356	367,329	367,298	353,109	360,448	337,581	329,239	312,467	284,715	271,259	261,502	249,809	226,205	215,879	196,468	171,592	154,952	144,164	130,742	123,937	118,802	104,815	0	0	0
Cash flows from investing activities:
Acquisition of real estate assets
167,106	349,494	386,491	437,043	562,818	426,388	861,156	818,687	690,171	653,185	442,317	723,876	890,839	1,086,523	849,739	544,303	507,635	349,897	438,707	447,510	326,681	503,538	0	0	0	-	-	-	-	-	-	-	-	-	153,343	135,199	70,437	69,588	0	0	0
Development and redevelopment of real estate assets
53,244	53,717	49,714	53,675	65,417	60,677	56,452	47,365	37,606	31,746	25,457	21,153	21,982	23,279	30,286	31,405	30,334	26,931	27,377	27,496	23,848	23,528	13,813	10,092	-9,468	6,466	-361,053	-40,406	4,018	3,759	564,457	244,022	217,083	202,019	13,854	22,250	33,474	36,062	0	0	0
Proceeds from Sale of Other Real Estate
-	-	-	-	-	-	0	0	312,918	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,750	0	0	0
Change in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-218,962	-16,967	-10,122	-1,282	202,424	4,773	15,324	3,794	3,402	149	-131	4,475	-581	-16,732	-4,116	-8,792	-6,968	4,534	-16,254	-4,730	-2,867	-1,325	7,239	-9,036	0	0	0
Investment in unconsolidated real estate entities
186,805	197,759	46,355	62,092	82,457	65,500	67,729	50,026	16,863	17,944	5,572	11,602	24,966	28,241	0	0	0	-	-	-	-	-	-	-	-	1,516	1,496	1,676	1,656	1,423	1,404	1,385	1,367	4,088	4,065	4,045	11,719	9,699	0	0	0
Return of investment in unconsolidated real estate ventures
-	-	-	-	-	49,130	47,964	47,944	47,944	581	5,543	16,216	17,216	16,953	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	2,421	0	0	0	-	-	-	-	-	-	-	-
Issuance of notes receivable
193,493	185,993	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase/issuance of notes receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments received from notes receivable
-	-	-	-	-	25,226	25,226	25,226	9,172	44,869	46,261	46,261	87,654	42,785	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of equipment and fixtures
7,677	7,764	6,230	4,100	4,348	4,297	5,210	5,929	7,658	7,819	7,785	6,950	5,352	4,968	5,377	6,916	7,104	7,380	6,015	5,086	4,740	4,830	7,811	7,382	6,977	6,524	4,096	3,622	3,657	3,367	2,143	2,776	5,238	5,016	4,988	4,293	2,117	1,945	0	0	0
Net cash used in investing activities
-435,228	-621,630	-483,246	-655,232	-659,945	-443,898	-585,757	-536,020	-382,264	-353,079	-428,930	-689,051	-791,964	-1,048,889	-1,843,540	-1,778,867	-1,792,821	-1,625,664	-694,441	-504,295	-399,851	-564,948	-623,614	-613,352	-600,239	-366,976	-332,172	-608,089	-613,888	-606,938	-457,800	-222,199	-247,657	-251,919	-218,399	-155,660	-116,184	-83,706	0	0	0
Cash flows from financing activities:
Proceeds from the sale of common stock, net of offering costs
-	-	-	-	-	-	-	-	-	-	-	-	-	123,424	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from notes payable and revolving lines of credit
2,058,000	2,214,000	1,947,644	1,524,644	1,675,030	1,413,030	1,275,839	1,318,563	1,318,623	1,325,623	1,896,552	2,059,923	1,873,381	1,900,357	1,430,024	1,722,542	2,027,010	2,121,802	2,130,460	1,387,847	917,275	917,664	723,287	736,182	791,566	582,185	798,463	1,015,742	949,069	1,074,263	745,900	537,282	573,599	475,487	430,180	351,655	292,478	191,062	0	0	0
Deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments on notes payable and revolving lines of credit
1,945,293	1,977,805	1,825,601	1,147,208	1,166,670	1,109,854	0	0	0	-	-	-	-	1,122,442	0	0	1,117,551	-	1,236,905	1,268,501	634,125	533,128	444,311	582,865	717,341	664,372	0	0	0	-	-	406,723	535,400	452,347	394,074	377,446	319,176	252,400	0	0	0
Principal payments on notes payable to trusts
0	30,928	97,940	119,590	119,590	88,662	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred financing costs
2,902	2,986	7,255	9,861	12,285	12,302	8,850	9,995	7,084	6,967	15,958	11,784	16,200	17,486	228,774	229,463	227,079	227,212	6,592	5,539	5,332	5,305	5,691	5,534	8,027	7,975	9,315	12,474	9,529	11,607	10,475	7,788	8,060	6,197	5,635	5,476	5,566	4,160	0	0	0
Repurchase of exchangeable senior notes
-	-	-	-	-	80,270	80,460	-608,058	-109,536	19,916	19,729	686,446	190,472	22,195	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from exercise of stock options
2,250	3,063	2,829	2,226	2,127	1,169	1,170	2,436	2,065	1,266	2,398	1,131	1,431	1,444	430	753	585	1,542	1,802	1,646	3,009	3,095	2,737	2,895	5,317	5,896	7,212	9,681	9,458	10,267	15,439	14,255	12,508	18,622	12,674	12,461	13,732	5,661	0	0	0
Repurchase of common stock
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from termination of interest rate cap
-	-	-	-	-	-	-	-	-	-	-	-	-	1,650	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of Operating Partnership units held by noncontrolling interests
-	-	-	-	-	2,558	2,558	2,558	3,314	2,510	3,016	3,016	2,260	506	0	0	0	-	-	-	-	-	-	-	-	41	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Contributions from noncontrolling interests
-	-	-	-	-	122	323	321	321	201	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid on common stock
465,788	458,114	450,834	443,189	436,103	424,907	413,894	403,385	393,155	393,040	392,942	392,772	392,203	367,818	342,856	317,343	288,397	269,302	250,757	232,690	218,476	210,091	201,712	191,670	181,631	163,014	144,306	120,676	97,015	88,287	73,935	66,281	58,648	52,027	47,543	43,084	38,638	34,964	0	0	0
Distributions to noncontrolling interests
34,336	34,243	34,148	33,990	33,753	33,250	32,668	32,024	31,438	31,972	32,485	33,022	32,994	30,997	29,082	27,230	25,953	24,503	22,952	21,478	19,865	19,134	18,406	17,098	15,137	13,262	11,568	10,110	9,355	9,215	8,765	8,520	8,352	8,127	7,929	7,786	7,604	7,479	0	0	0
Net cash provided by (used in) financing activities
-241,273	-88,013	-209,856	-59,690	-22,817	-247,251	-105,442	-91,354	-261,076	-215,994	-142,224	77,025	196,097	460,831	279,493	1,220,320	1,421,914	1,286,471	1,393,459	273,134	37,692	148,307	261,892	147,898	326,964	191,655	108,761	379,710	385,683	395,360	271,045	200,922	87,725	87,489	99,754	38,556	-68,803	-106,309	0	0	0
Net increase (decrease) in cash, cash equivalents, and restricted cash
51,102	-1,957	132	-13,462	-7,236	-13,354	-14,426	20,694	12,522	28,302	31,579	-23,384	-38,949	-48,795	-1,096,840	-134,835	4,449	28,136	1,066,316	121,948	-1,711	-79,060	-32,483	-152,987	11,440	95,938	38,091	21,430	-2,000	4,301	9,713	150,315	-4,980	-20,266	12,097	6,833	-66,185	-85,200	0	0	0
Supplemental schedule of cash flow information
Interest paid
170,003	174,155	178,410	169,327	167,632	159,474	146,685	146,996	135,639	136,202	134,824	130,397	134,962	122,265	124,052	108,199	92,626	89,507	81,913	82,343	80,527	75,218	73,690	68,016	67,241	66,705	64,231	67,020	66,891	65,687	64,494	62,541	62,251	61,726	59,555	58,777	58,896	60,100	0	0	0
Income taxes paid
11,512	10,359	6,124	2,989	61	730	-1,635	-60	1,081	5,648	12,137	13,892	15,088	14,864	11,040	8,867	5,956	1,782	1,736	1,799	2,835	3,418	3,527	3,768	2,571	1,916	1,984	1,556	947	831	0	0	0	-	-	-	-	-	-	-	-
Supplemental schedule of noncash investing and financing activities:
Redemption of Operating Partnership units held by noncontrolling interests for common stock
Receivables from related parties and affiliated real estate joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21,142	0	0	0
Notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21,348	0	0	0
Other assets and other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Common stock and paid-in capital
10,077	13,057	9,640	9,087	4,647	1,337	0	0	0	-	-	-	-	577	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,344	0	0	0	-	-	-	-
Establishment of operating lease right of use assets and lease liabilities
Establishment of operating lease right of use assets and lease liabilities
Real estate assets - operating lease right-of-use assets
182,051	277,557	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease liabilities
182,051	286,914	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable and accrued expenses
0	9,357	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	2,404	1,486	4,236	1,355	1,727	2,293	-308	2,995	3,613	0	0	0	-	-	-	-	-	-	-	-	2,199	0	0	0	-	-	-	-
Additional paid-in capital
-	-	-	-	-	-	-	-	-	-	-	-	-	2,404	1,486	4,236	1,355	1,727	2,293	5,050	2,995	3,613	0	0	0	-	-	-	-	-	-	-	-	2,199	0	0	0	-	-	-	-
Acquisitions of real estate assets
Real estate assets, net
1,129	21,066	-44,822	12,935	37,992	88,842	342,057	299,329	96,686	51,455	0	0	0	-	-	-	-	-	-	0	0	-	-	-	-	331,230	221,648	174,371	161,171	159,297	276,538	128,946	132,754	137,177	0	0	0	-	-	-	-
Notes payable assumed
0	17,157	17,157	17,157	104,657	87,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	132,327	0	0	0	-	-	-	-
Investment in unconsolidated real estate ventures
0	-	-	-	0	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	404	0	0	0
Other noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	2,251	0	0	0	-	-	-	-	-	-	-	-	-104	0	0	0
Accrued construction costs and capital expenditures
Acquisition of real estate assets
2,383	2,203	1,795	962	1,032	778	-1,090	-1,887	-762	3,509	4,532	7,510	13,294	8,497	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Development and redevelopment of real estate assets
-	-	-	-	-	-	-	463	2,094	1,703	1,683	1,625	1,115	125	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable and accrued expenses
3,984	3,804	2,349	-42	205	1,332	-945	-1,424	1,332	5,212	6,215	9,135	14,409	8,622	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contribution of Preferred OP Units to unconsolidated real estate venture
Investments in unconsolidated real estate ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	25,055	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Real estate assets, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-42,739	0	0	0
Conversion of Preferred OP Units to common OP Units
Redemption of Operating Partnership units held by noncontrolling interests for common stock
Noncontrolling interests in Operating Partnership
10,077	13,057	9,640	9,087	4,647	1,337	0	0	0	-	-	-	-	577	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,344	0	0	0	-	-	-	-
Acquisitions of real estate assets
Noncash Or Part Noncash Acquisition Net Real Estate Assets Acquired
-	-	-	-	-	-	0	0	51,944	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncash or Part Noncash Acquisition, Debt Assumed
-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in unconsolidated real estate ventures
-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contribution of Preferred OP Units to unconsolidated real estate venture
Investments in unconsolidated real estate ventures
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Value of Preferred Operating Partnership units issued
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-