First industrial realty trust, inc. (FR)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

243,881

167,334

208,301

125,684

76,705

51,005

41,428

-2,519

-9,190

-221,619

4,186

Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Depreciation

98,333

94,626

94,078

95,514

92,955

93,457

94,271

100,074

95,931

104,175

112,241

Amortization of Debt Issuance Costs

3,218

3,404

3,162

3,219

3,159

3,098

3,225

3,460

3,963

3,473

3,030

Other Amortization, including Stock Based Compensation

28,780

26,976

29,252

28,403

28,359

30,218

30,632

35,097

36,390

41,024

52,646

Impairment of Real Estate

0

2,756

0

0

626

0

2,652

1,246

-2,661

194,552

6,934

Provision for Bad Debt

0

350

177

563

954

1,425

726

542

1,110

1,880

3,259

Equity in Loss (Income) of Joint Venture

16,235

-276

0

0

-

3,499

136

1,559

980

675

-6,470

Distributions from Joint Venture

15,959

0

0

-

-

1,881

177

1,580

1,033

3,032

2,319

(Gain) Loss on Sale of Real Estate

124,942

81,600

131,269

68,202

48,906

25,905

35,444

16,442

21,789

11,951

24,580

Gain on Change in Control of Interests

-

-

-

-

-

-

-

776

689

-

-

Gain on Sale of Joint Venture Interests

-

-

-

-

-

-

-

-

-

11,226

-

Gain (Loss) on Extinguishment of Debt

0

-39

-1,775

0

0

-655

-6,637

-9,684

-5,459

-4,304

34,562

Gain on Casualty and Involuntary Conversion

0

-392

-1,321

0

0

-

-

-

-

-

-

Payments to Settle Derivative Instruments

-3,149

0

0

-

-

-

-

-

-

-

-

Straight-line Rental Income and Expense, Net

10,884

2,165

5,299

-

-

-

-

-

-

-

-

Mark-to-Market Loss on Interest Rate Protection Agreements

-

-

-

-

-11,546

0

52

-328

1,718

-1,107

3,667

Decrease in Developments for Sale Costs

-

-

-

-

-

-

-

-

-

-

-812

Increase in Tenant Accounts Receivable and Prepaid Expenses and Other Assets, Net

11,523

4,199

5,829

-965

2,686

2,582

3,192

-3,770

2,933

1,580

-51,641

Increase in Deferred Rent Receivable, Net

-

-

-

6,602

6,181

2,715

4,516

3,504

7,733

7,041

8,350

Decrease in Accounts Payable, Accrued Expenses, Other Liabilities, Rents Received in Advance and Security Deposits

22,095

3,090

-465

-5,655

5,673

452

-5,679

10,791

-5,684

-9,411

-27,631

Other Operating Activity

-

-

-

-

-55

-

-

-

-

-

-

Cash Book Overdraft

-

-

-

-

-

336

0

1,715

0

-

-

Payments of Premiums and Discounts Associated with Senior Unsecured Notes

-

-

-

-

-

-

-

-

-

-

2,576

Net Cash Provided by Operating Activities

245,533

210,495

192,562

173,889

162,149

137,176

125,751

136,422

87,534

83,189

142,179

CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisitions of Real Estate

152,744

157,787

175,303

107,484

168,122

96,045

73,642

55,508

5,277

22,408

-

Additions to Investment in Real Estate and Non-Acquisition Tenant Improvements and Lease Costs

294,633

224,466

146,003

179,994

150,079

123,037

114,806

83,222

85,247

67,328

75,947

Net Proceeds from Sales of Investments in Real Estate

254,416

184,783

228,102

163,435

154,024

98,472

126,250

82,503

75,953

68,046

74,982

Settlement of Interest Rate Protection Agreements

-

-

-

-

11,546

0

0

-

-

-

7,491

Repayments of Notes Receivable

-

-

-

-

-

49,761

615

14,365

10,394

1,460

3,151

(Increase) Decrease in Escrows

23,113

1,326

-564

-

24,037

664

-204

273

97

435

-

Proceeds from Casualty and Involuntary Conversion

0

906

10,094

0

0

-

-

-

-

-

-

Contributions to and Investments in Joint Venture

210

25,190

0

0

-

31

38

190

155

777

3,742

Distributions from Joint Venture

8,711

1,829

0

0

-

2,475

104

90

650

11,519

-6,333

Deposits on Future Acquisitions and Other Investing Activity

-2,187

2,147

-51

-1,648

-2,686

-

-

-

-

-

-

Net Cash Used in Investing Activities

-205,386

-223,398

-82,495

-122,395

-197,074

-69,069

-61,313

-42,235

-3,779

-9,923

4,777

CASH FLOWS FROM FINANCING ACTIVITIES:
Financing and Equity Issuance Costs

954

2,975

6,864

375

5,158

2,419

3,575

1,545

7,162

4,544

8,322

Proceeds from Issuance of Common Stock

0

145,584

74,880

124,936

0

0

174,081

134,905

202,845

50,087

84,465

Tax Paid on Shares Withheld

4,384

6,020

2,401

5,242

2,101

4,667

2,968

2,690

1,001

298

739

Common Stock Dividends and Unit Distributions Paid

117,214

109,649

100,524

82,696

55,811

45,151

29,025

0

0

-

12,614

Preferred Dividends/Unit Distributions Paid

-

-

-

-

-

1,471

8,733

23,258

15,254

19,677

20,296

Redemption of Preferred Stock/Units

-

-

-

-

-

75,000

150,000

50,000

0

-

-

Payments on Interest Rate Protection Agreements

-

-

-

-

-

-

1,079

1,144

489

450

320

Proceeds from Origination of Mortgage Loans Payable

-

-

-

-

-

-

-

100,599

255,900

105,580

339,783

Repayments on Mortgage Loans Payable

123,250

165,646

46,832

70,969

35,004

77,880

85,680

39,121

71,983

20,872

13,513

Decrease in Restricted Cash

-

-

-

-

-

-

-

-

-117

15

-7

Prepayments of Penalties Associated with Retirement of Debt

0

0

1,453

554

0

10,650

4,978

7,065

6,528

6,840

-

Proceeds from Senior Unsecured Notes

150,000

300,000

200,000

0

0

-

-

-

-

-

-

Repayments of Senior Unsecured Notes

0

0

156,852

159,125

0

71,578

29,769

166,153

234,307

259,018

336,196

Proceeds from Unsecured Term Loans

-

-

-

-

260,000

200,000

0

0

-

-

-

Proceeds from Unsecured Credit Facility

415,000

237,000

429,000

442,000

321,500

356,000

373,000

339,000

390,500

69,097

180,000

Repayments on Unsecured Credit Facility

257,000

381,500

474,000

305,000

454,000

344,000

298,000

390,000

618,553

149,280

172,000

Costs Associated with the Retirement of Debt

-

-

-

-

-

-

-

-

-

1,008

-

Repurchase of Equity Component Exchangeable Notes

-

-

-

-

-

-

-

-

-

-

33

Net Cash Provided by (Used in) Financing Activities

62,198

16,794

-85,046

-57,025

29,426

-66,166

-61,748

-99,407

-99,504

-230,383

32,724

Net Decrease in Cash, Cash Equivalents and Restricted Cash

102,345

3,891

25,021

-5,531

-5,499

1,941

2,690

-5,220

-15,749

-157,117

179,680

Net Effect of Exchange Rate Changes on Cash and Cash Equivalents

-

-

-

-

-14

-18

-51

5

-61

137

81

SUPPLEMENTAL INFORMATION TO STATEMENTS OF CASH FLOWS:
Interest Paid, Net of Interest Expense Capitalized in Connection with Development Activity

47,801

47,408

56,844

63,600

66,452

70,194

70,726

-

-

-

-

Interest Expense Capitalized in Connection with Development Activity

5,757

5,869

4,353

3,523

2,453

1,411

3,611

-

-

-

-

Income Taxes Paid

3,583

457

769

1,358

23

-105

5,433

-

-

-

-

Cash Paid for Operating Lease Liabilities

2,084

0

0

-

-

-

-

-

-

-

-

Supplemental Schedule of Non-Cash Operating Activities:
Operating Lease Liabilities Arising from Obtaining Right-of-Use Assets

22,871

0

0

-

-

-

-

-

-

-

-

Exchange of Limited Partnership Units for Common Stock/General Partnership Units:
Conversion of Limited Partner Units to Common Stock / General Partner Units

0

0

0

0

0

0

0

-

-

-

-

Lease Reclassification from Operating Lease to Sales-Type Lease:
Assumption of Liabilities in Connection with the Acquisition of Real Estate

1,466

11,878

1,269

5,405

2,090

364

483

-

-

-

-

Notes Receivable Issued in Conjunction with Certain Property Sales

-

-

-

-

-

-

12,520

-

-

-

-

Accounts Payable Related to Construction in Progress and Additions to Investment in Real Estate

51,107

31,545

38,597

32,712

25,747

14,901

15,249

-

-

-

-

Write-off of Fully Depreciated Assets

37,892

43,654

35,560

44,080

45,457

44,769

62,281

-

-

-

-

First Industrial, L.P.
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

243,881

167,334

208,301

125,684

-

-

-

-

-

-

-

Depreciation

98,333

94,626

94,078

95,514

-

-

-

-

-

-

-

Amortization of Debt Issuance Costs

3,218

3,404

3,162

3,219

-

-

-

-

-

-

-

Other Amortization, including Stock Based Compensation

28,780

26,976

29,252

28,403

-

-

-

-

-

-

-

Impairment of Real Estate

0

2,756

0

0

-

-

-

-

-

-

-

Provision for Bad Debt

0

350

177

563

-

-

-

-

-

-

-

Equity in Loss (Income) of Joint Venture

16,235

-276

0

0

-

-

-

-

-

-

-

Distributions from Joint Venture

15,959

0

0

-

-

-

-

-

-

-

-

Gain (Loss) on Sale of Properties

124,942

81,600

131,269

68,202

-

-

-

-

-

-

-

Gain (Loss) on Extinguishment of Debt

0

-39

-1,775

0

-

-

-

-

-

-

-

Gain on Casualty and Involuntary Conversion

0

-392

-1,321

0

-

-

-

-

-

-

-

Payments to Settle Derivative Instruments

-3,149

0

0

-

-

-

-

-

-

-

-

Straight-line Rental Income and Expense, Net

10,884

2,165

5,299

-

-

-

-

-

-

-

-

Increase in Tenant Accounts Receivable and Prepaid Expenses and Other Assets, Net

11,436

4,189

5,510

-1,242

-

-

-

-

-

-

-

Increase in Deferred Rent Receivable, Net

-

-

-

6,602

-

-

-

-

-

-

-

Decrease in Accounts Payable, Accrued Expenses, Other Liabilities, Rents Received in Advance and Security Deposits

22,095

3,090

-465

-5,655

-

-

-

-

-

-

-

Net Cash Provided by Operating Activities

245,620

210,505

192,881

174,166

-

-

-

-

-

-

-

Acquisitions of Real Estate

152,744

157,787

175,303

107,484

-

-

-

-

-

-

-

Additions to Investment in Real Estate and Non-Acquisition Tenant Improvements and Lease Costs

294,633

224,466

146,003

179,994

-

-

-

-

-

-

-

Net Proceeds from Sales of Investments in Real Estate

254,416

184,783

228,102

163,435

-

-

-

-

-

-

-

(Increase) Decrease in Escrows

23,113

1,326

-565

-

-

-

-

-

-

-

-

Proceeds from Casualty and Involuntary Conversion

0

906

10,094

0

-

-

-

-

-

-

-

Contributions to and Investments in Joint Venture

210

25,190

0

0

-

-

-

-

-

-

-

Distributions from Joint Venture

8,711

1,829

0

0

-

-

-

-

-

-

-

Deposits on Future Acquisitions and Other Investing Activity

-2,187

2,147

-51

-1,648

-

-

-

-

-

-

-

Net Cash Used in Investing Activities

-205,386

-223,398

-82,494

-122,395

-

-

-

-

-

-

-

Financing and Equity Issuance Costs

954

2,975

6,864

375

-

-

-

-

-

-

-

Proceeds from Issuance of Common Stock

0

145,584

74,880

124,936

-

-

-

-

-

-

-

Tax Paid on Shares Withheld

4,384

6,020

2,401

5,242

-

-

-

-

-

-

-

Common Stock Dividends and Unit Distributions Paid

117,214

109,649

100,524

82,696

-

-

-

-

-

-

-

Contributions from Noncontrolling Interests

32

126

40

123

-

-

-

-

-

-

-

Distributions to Noncontrolling Interests

119

136

360

400

-

-

-

-

-

-

-

Repayments on Mortgage Loans Payable

123,250

165,646

46,832

70,969

-

-

-

-

-

-

-

Prepayments of Penalties Associated with Retirement of Debt

0

0

1,453

554

-

-

-

-

-

-

-

Proceeds from Senior Unsecured Notes

150,000

300,000

200,000

0

-

-

-

-

-

-

-

Repayments of Senior Unsecured Notes

0

0

156,852

159,125

-

-

-

-

-

-

-

Proceeds from Unsecured Credit Facility

415,000

237,000

429,000

442,000

-

-

-

-

-

-

-

Repayments on Unsecured Credit Facility

257,000

381,500

474,000

305,000

-

-

-

-

-

-

-

Net Cash Provided by (Used in) Financing Activities

62,111

16,784

-85,366

-57,302

-

-

-

-

-

-

-

Net Decrease in Cash, Cash Equivalents and Restricted Cash

102,345

3,891

25,021

-5,531

-

-

-

-

-

-

-

Interest Paid, Net of Interest Expense Capitalized in Connection with Development Activity

47,801

47,408

56,844

63,600

-

-

-

-

-

-

-

Interest Expense Capitalized in Connection with Development Activity

5,757

5,869

4,353

3,523

-

-

-

-

-

-

-

Income Taxes Paid

3,583

457

769

1,358

-

-

-

-

-

-

-

Cash Paid for Operating Lease Liabilities

2,084

0

0

-

-

-

-

-

-

-

-

Operating Lease Liabilities Arising from Obtaining Right-of-Use Assets

22,871

0

0

-

-

-

-

-

-

-

-

Conversion of Limited Partner Units to Common Stock / General Partner Units

0

0

0

0

-

-

-

-

-

-

-

Assumption of Liabilities in Connection with the Acquisition of Real Estate

1,466

11,878

1,269

5,405

-

-

-

-

-

-

-

Accounts Payable Related to Construction in Progress and Additions to Investment in Real Estate

51,107

31,545

38,597

32,712

-

-

-

-

-

-

-

Write-off of Fully Depreciated Assets

37,892

43,654

35,560

44,080

-

-

-

-

-

-

-

Noncontrolling Interest
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

5,106

4,095

6,845

4,452

-

-

-

-

-

-

-

Conversion of Limited Partner Units to Common Stock / General Partner Units

-7,196

-16,605

-364

-2,862

-

-

-

-

-

-

-

Common Stock
Proceeds from Issuance of Common Stock

-

145,584

74,880

124,936

-

-

-

-

-

-

-

Conversion of Limited Partner Units to Common Stock / General Partner Units

7,196

16,605

364

3

-

-

-

-

-

-

-

Additional Paid-in- Capital
Conversion of Limited Partner Units to Common Stock / General Partner Units

7,191

16,592

364

2,859

-

-

-

-

-

-

-

Sales Type Lease
Sales-type Lease, Selling Profit (Loss)

8,606

0

0

-

-

-

-

-

-

-

-