Farmland partners inc. (FPI)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income

15,260

14,850

13,468

19,089

13,546

14,040

12,170

10,623

11,662

9,158

9,142

6,630

5,928

5,999

370

1,129

-44

1,689

0

0

0

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

8,205

8,320

8,428

8,495

8,529

8,544

8,551

8,504

8,435

7,792

6,103

4,415

2,724

1,554

1,382

1,200

1,037

893

0

0

0

Amortization of discounts/premiums on debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Amortization of deferred financing fees and discounts/premiums on debt

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

Amortization of net origination fees related to notes receivable

-

-

-

-

-2

-5

-10

-16

-19

-16

-11

-4

-1

-3

0

0

0

-

-

-

-

Amortization of below market leases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

Stock based compensation, net of forfeitures

1,276

1,428

1,676

1,696

1,712

1,649

1,435

1,333

1,295

1,392

1,426

1,454

1,409

1,224

1,122

1,020

946

942

0

0

0

Loss (gain) on disposition of assets

7,337

7,841

7,687

10,656

3,308

2,882

2,934

27

-211

-200

0

0

0

-

-

-

-

-

-

-

-

Bad debt expense

406

542

720

659

696

876

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Increase in accounts receivable

-2,701

-1,260

784

869

2,883

422

2,552

576

2,496

1,105

-538

801

493

3,628

0

0

0

-

-

-

-

(Increase) decrease in accounts receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Increase in interest receivable

646

806

1,112

919

590

484

-200

381

486

331

529

40

23

79

0

0

0

-

-

-

-

Increase in other assets

437

103

444

95

295

1,029

-351

-265

-289

892

436

628

936

306

200

82

167

41

0

0

0

(Decrease) in inventory

1,611

1,264

957

344

-307

216

202

344

171

-257

-384

-414

-125

34

0

0

0

-

-

-

-

(Decrease) Increase in accrued interest

-598

-1,242

-2,202

310

605

1,103

2,946

1,080

1,488

1,655

1,259

1,601

337

856

170

919

1,043

443

0

0

0

Decrease in accrued expenses

1,298

2,417

1,641

2,332

1,583

2,139

163

-1,186

-1,179

-15,307

-13,744

-12,636

-11,170

2,598

2,213

1,373

476

208

0

0

0

(Decrease) Increase in deferred revenue

-2,101

-114

22

-2,240

-2,369

-3,881

-3,977

-3,244

-674

-2,164

-6,757

-3,181

-1,969

-3,829

-1,565

-1,202

6,131

3,446

0

0

0

(Decrease) Increase in accrued property taxes

305

227

287

265

893

218

980

-284

-663

-237

-46

686

508

375

321

436

516

475

0

0

0

Net cash provided by (used in) operating activities

17,031

17,994

13,347

18,027

18,757

20,003

17,963

16,742

18,616

929

0

0

0

-

-

-

-

-

-

-

-

CASH FLOWS FROM INVESTING ACTIVITIES
Net cash (used in) provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,525

-

0

0

0

Real estate acquisitions

-

-

-

-

-

33,154

146,189

141,311

153,716

206,166

102,068

117,883

117,809

131,776

132,787

130,319

191,334

109,309

0

0

0

Real estate and other improvements

5,548

6,583

5,936

8,055

9,659

12,785

15,849

19,276

22,938

21,576

18,309

13,232

8,919

5,670

6,237

6,064

6,199

7,574

0

0

0

Principal receipts on notes receivable

6,813

6,679

6,844

7,016

1,690

4,852

0

0

0

-

-

-

801

50

0

0

0

-

-

-

-

Issuance of notes receivable

1,540

1,781

1,781

2,005

1,658

6,662

9,234

9,582

9,565

6,570

0

0

0

-

-

-

-

-

-

-

-

Casualty loss insurance recovery

-

-

-

-

-

-8

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of property

29,582

34,140

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

27,904

31,052

33,151

54,681

20,578

-15,864

-135,572

-164,497

-183,325

-234,107

0

0

0

-

-

-

-

-

-

-

-

CASH FLOWS FROM FINANCING ACTIVITIES
Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-200,290

-

0

0

0

Borrowings from mortgage notes payable

-

-

-

-

-

-

-

-

-

212,190

108,390

113,492

101,305

207,387

0

0

0

-

-

-

-

Repayments on mortgage notes payable

9,294

11,385

11,384

21,590

13,523

11,508

0

0

0

-

-

-

-

84,750

87,750

87,750

59,026

9,128

0

0

0

Participating preferred stock repurchased

1,709

896

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments associated with the shelf registration

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Common stock repurchased

16,860

22,003

27,486

33,547

20,621

20,598

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Payment of offering costs

-

-

-

-

-

-

-

-

-

573

0

0

0

-

-

-

-

-

-

-

-

Common stock repurchased

16,860

22,003

27,486

33,547

20,621

20,598

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Payment of debt issuance costs

0

-

-

-

-

204

712

869

826

1,293

996

888

994

1,116

952

972

864

239

0

0

0

Dividends on common stock

5,916

6,177

6,457

9,204

11,942

14,433

16,785

16,719

16,726

14,688

12,326

9,829

7,285

6,600

6,337

5,748

5,058

4,428

0

0

0

Dividends on Series A preferred units

-

-

-

-

-

-

-

-

3,510

2,915

0

0

0

-

-

-

-

-

-

-

-

Distributions to non-controlling interest in operating partnership

447

430

418

848

1,329

1,856

2,510

2,799

3,010

3,131

3,116

3,114

3,070

2,877

2,688

2,409

1,824

1,517

0

0

0

Net cash used in financing activities

-49,091

-53,376

-61,743

-76,763

-39,851

-40,784

12,119

144,747

178,012

239,548

0

0

0

-

-

-

-

-

-

-

-

NET DECREASE IN CASH

-4,156

-4,330

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

209,313

-

0

0

0

NET INCREASE IN CASH

-

-

-

-

-

-

-

-

13,303

-

112,109

-3,042

-29,369

23,652

-25,315

11,644

17,548

-10,222

0

0

0

Cash paid during period for interest

19,788

20,593

21,611

19,067

18,057

17,037

14,169

14,876

13,503

11,827

0

0

0

-

-

-

-

-

-

-

-

Cash paid during period for interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,368

-

0

0

0

SUPPLEMENTAL NON-CASH INVESTING AND FINANCING TRANSACTIONS:
Dividend payable, common stock

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividend payable, common units

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Additions to real estate improvements included in accrued expenses

-

-

576

-12

-157

350

406

715

-103

1,375

1,977

2,227

3,045

956

156

-33

240

429

0

0

0

Right of Use Asset

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease Liability

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of equity and contributions from redeemable non-controlling interests and non-controlling interest in operating partnership in conjunction with acquisitions

-

-

-

-

-

-

-

-

-

181,509

182,276

182,276

181,944

146,592

0

0

0

-

-

-

-

Deposits included in accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Issuance of common stock in conjunction with acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Real estate acquisition costs included in accrued expenses

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

0

0

0

Property tax liability assumed in acquisitions

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Financing fees included in accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

Property tax liability assumed in acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Deferred financing costs included in accrued expenses

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

Offering costs included in accrued expenses

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

Series A Preferred Units
Dividends on Series A preferred units

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividend payable, common units

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred distributions accrued

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions payable, preferred units

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Series B Participating Preferred Stock
Dividends on Series A preferred units

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred distributions accrued

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions payable, preferred units

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Common Unit Holders
Distributions payable, common units

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Common stock
Dividend payable

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-