Four corners property trust, inc. (FCPT)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

19,336

18,993

18,409

17,936

17,601

21,334

17,605

27,626

16,364

18,474

19,337

18,448

15,633

32,525

15,240

14,802

94,283

5,308

111

134

146

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

7,054

6,780

6,653

6,518

6,361

7,572

5,743

5,224

5,345

5,557

5,425

5,420

5,409

5,230

5,059

5,101

5,187

3,153

208

185

212

Gain on disposal of land, building, and equipment

-

-

-

-

-

-

-

-

-

3,199

4,042

3,291

0

-

-

-

-

-

-

-

-

Non-cash revenue adjustments

185

-

-

-

12

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on exchange of non-financial assets

-

-

-

-

-

0

0

0

228

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of financing costs

512

511

512

514

513

466

458

455

455

879

452

415

398

398

398

398

398

265

0

0

0

Stock-based compensation expense

831

810

803

775

1,214

930

930

923

1,184

756

722

704

494

392

416

420

322

5

11

39

46

Deferred income taxes

-

-

-

-

-

-

-

-

-

-164

7

-18

-21

0

-10

-19

-80,656

1,251

-18

-23

-15

Changes in assets and liabilities:
Derivative assets and liabilities

8,419

-1

0

1

4

-2

-35

3

5

-40

-43

-10

-52

749

296

-55

-381

0

0

0

0

Straight-line rent adjustment

2,161

2,199

2,413

2,236

2,359

2,431

2,294

2,280

2,283

2,253

2,488

2,422

2,373

-

-

-

-

-

-

-

-

Rent received in advance

-1,909

1,632

79

94

7,049

-6,691

-161

-1

167

331

-264

256

-2

89

19

0

-74

-

-

-

-

Deferred rental asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,608

2,596

2,595

-

0

20

-20

Other assets and liabilities

-1,686

3,309

-3,207

2,451

-2,522

1,952

-2,678

1,828

-751

1,655

-1,753

-723

601

-340

-146

988

1,150

-4,426

-154

-158

528

Net cash provided by operating activities

17,115

23,377

27,250

21,137

32,909

14,902

24,994

19,237

21,750

18,766

20,945

20,245

18,989

19,306

18,364

17,173

16,096

20,848

491

473

-119

Net Cash Provided by (Used in) Investing Activities [Abstract]
Purchases of real estate investments

37,581

124,018

16,538

44,253

20,345

51,994

178,283

16,939

21,050

24,746

6,353

52,291

11,722

59,521

23,718

19

5

459

47

5

45

Advance deposits on acquisition of operating real estate

-358

1,917

487

-119

-86

-167

-36

72

50

190

635

122

0

-

-

-

-

-

-

-

-

Net cash used in investing activities

-37,223

-125,935

-17,025

-44,134

-20,259

-46,402

-178,247

-1,297

-21,100

-20,025

-1,255

-47,412

-11,722

-35,580

-23,718

-19

-5

-459

-47

-5

-45

Net Cash Provided by (Used in) Financing Activities [Abstract]
Net proceeds from ATM equity issuance

4,288

-

-

992

660

-

-

-

-

-

-

27,887

984

-

0

0

0

-

-

-

-

Proceeds from revolving credit facility

126,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of dividends to shareholders

21,328

-

-

-

19,580

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of revolving credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

-

-

-

-

Net contributions from parent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

164

Payment of dividend to shareholders

-

-

-

-

-

18,519

17,278

16,854

16,843

14,820

14,821

14,535

14,519

14,510

14,508

14,510

78,076

0

0

0

0

Distributions to non-controlling interests

73

-

84

82

101

-

114

112

112

-

99

249

0

-

-

-

-

-

-

-

-

Payments to Noncontrolling Interests

813

-2,845

0

35

3,165

456

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of debt assumed in purchase of real estate investments

-

-

-

-

-

-

-

-

-

-

0

0

-2,305

-

-

-

-

-

-

-

-

Employee shares withheld for taxes

2,558

0

0

9

2,693

227

166

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Predecessor transfers to parent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Net cash provided by (used in) financing activities

105,516

77,852

-19,725

-18,727

-24,879

97,852

91,494

17,643

-16,955

-15,265

-15,123

90,425

-15,840

24,047

-14,508

-14,510

-78,076

77,677

-444

-468

164

Net decrease in cash and cash equivalents, including restricted cash

85,408

-24,706

-9,500

-41,724

-12,229

66,352

-61,759

35,583

-16,305

-16,524

4,567

63,258

-8,573

7,773

-19,862

2,644

-61,985

98,066

0

0

0

Supplemental disclosures:
Interest paid

3,736

11,873

6,159

4,041

3,875

7,019

4,291

6,036

2,872

3,157

3,221

3,783

3,941

6,939

-2

3,237

3,319

-

-

-

-

Income taxes paid

72

41

161

190

197

-145

205

258

152

39

189

134

199

-201

74

73

2,222

-

-

-

-

Operating lease payments received (lessor)

35,084

33,586

32,425

32,025

31,663

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease payments remitted (lessee)

130

103

104

104

104

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]
Debt assumed in acquisition of real estate investments

-

-

-

-

-

-

-

-

-

0

0

0

2,305

-

-

-

-

-

-

-

-

Change in fair value of derivative instruments

-15,934

4,258

-3,646

-6,516

-3,632

-6,644

350

2,138

5,149

2,912

447

-440

1,233

1,149

0

6,839

-6,839

-

-

-

-

Operating partner units issued in exchange for real estate investments

-

-

-

-

-

-

-

-

-

0

1

-1

3,609

5,039

0

0

0

-

-

-

-

Repayment of debt assumed in purchase of real estate investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

At-The-Market Offering
Net proceeds form issuance of stock

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-