Federal realty investment trust (FRT)
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
OPERATING ACTIVITIES
Net income

355,180

360,542

267,958

265,032

247,898

249,026

245,429

290,131

302,731

297,870

304,809

257,125

237,890

258,883

269,157

262,509

249,284

218,424

185,705

180,204

179,947

172,289

164,613

178,930

172,311

167,608

176,863

153,153

147,952

156,232

149,829

158,475

161,350

149,612

151,462

134,170

130,067

128,237

0

0

0

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

242,324

239,758

245,303

246,433

245,757

244,245

233,663

228,496

222,781

216,050

208,104

201,396

197,165

193,585

191,560

186,375

180,611

174,796

171,784

170,726

168,948

170,814

168,617

165,365

164,325

161,099

155,222

150,746

146,092

142,039

138,555

135,706

132,570

126,568

124,831

122,339

121,454

119,817

0

0

0

Gain (Loss) on Sale of Properties, Net of Applicable Income Taxes

-

-

-

-

-

11,915

18,386

66,036

81,060

77,922

69,949

24,119

6,910

32,458

49,279

44,334

54,056

28,330

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Extinguishment of Debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

296

296

296

296

-2,801

0

0

0

Gain On Sale Of Real Estate in Real Estate Partnership

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

-

Loss from partnerships

-1,742

-2,012

-2,007

-3,198

-4,307

-3,398

-2,814

-1,556

-942

-417

-287

-105

9

50

471

831

1,237

1,416

1,320

1,406

1,250

1,243

1,342

1,277

1,399

1,498

1,593

1,702

1,768

1,757

1,836

1,780

1,786

1,808

1,755

1,446

1,190

1,060

0

0

0

Other, net

2,171

-169

-439

-3,460

-4,640

-4,147

-5,759

-1,912

-802

2,674

5,264

1,565

1,963

-474

555

1,576

822

29

331

-210

-692

-733

-2,272

-2,924

-2,460

-2,704

-2,690

-3,338

-4,003

-4,348

-5,405

-5,334

-4,995

-3,871

-5,247

-6,792

-6,055

-4,099

0

0

0

Changes in assets and liabilities, net of effects of acquisitions and dispositions:
Decrease (increase) in accounts receivable, net

11,871

16,128

3,436

603

2,650

-917

890

5,213

9

-2,059

-3,907

-4,400

-7,094

-1,868

-1,946

500

3,429

9,200

1,699

-11

2,954

3,063

12,253

9,404

10,579

6,321

431

2,051

-4,134

-7,332

-5,612

-6,436

-3,908

-1,888

350

-2,122

-3,905

-7,461

0

0

0

Decrease in prepaid expenses and other assets

2,803

10,253

3,224

4,347

4,990

2,070

10,750

3,546

3,209

3,695

-21,356

-11,217

-2,635

-214

21,358

11,494

5,088

6,695

7,791

8,673

5,337

4,222

6,519

-561

-851

-69

1,349

5,280

7,488

7,793

6,766

2,796

1,564

-2,613

-3,218

-2,110

1,178

2,824

0

0

0

Decrease in accounts payable and accrued expenses

5,523

2,327

6,016

2,443

1,215

2,650

4,519

11,891

4,726

14,242

8,614

7,792

6,229

7,159

9,875

11,747

2,961

-1,305

-647

-9,334

3,242

4,253

5,303

6,698

7,538

5,325

2,948

766

4,591

3,259

7,755

3,961

1,637

-14,994

-16,571

-15,912

-11,210

-879

0

0

0

Decrease in security deposits and other liabilities

4,218

-115

13,207

1,072

-2,504

13,937

-2,711

-538

-902

208

1,871

6,374

4,595

-2,003

429

-2,891

4,643

3,729

1,625

2,264

-478

425

22

6,631

6,011

1,063

8,711

-542

-2,647

4,833

-5,504

-2,536

-3,980

-5,642

1,291

564

744

743

0

0

0

Net cash provided by operating activities

475,749

461,919

496,278

495,864

497,427

516,688

484,073

483,279

459,075

458,828

473,735

462,725

446,726

427,672

401,304

399,005

391,939

369,046

365,434

347,709

348,954

346,130

329,616

339,871

325,967

314,498

314,206

293,434

294,869

296,633

280,915

275,908

268,169

244,711

250,001

246,088

244,773

256,735

0

0

0

INVESTING ACTIVITIES
Acquisition of real estate

186,449

204,516

55,001

36,943

38,679

13,503

3,624

274,443

296,550

437,772

445,579

178,253

154,404

142,958

168,334

175,164

257,675

154,313

125,932

113,721

35,260

9,154

44,426

44,426

87,584

87,276

0

0

0

-

-

-

-

103,557

0

0

0

-

-

-

-

Capital expenditures - development and redevelopment

370,266

327,074

310,915

285,571

296,381

302,120

323,755

362,905

392,019

441,984

451,780

466,827

443,250

379,720

323,187

253,612

237,093

236,437

254,730

284,838

295,455

314,654

323,202

304,515

283,803

243,073

193,681

174,860

138,632

129,346

127,212

103,727

97,036

91,922

72,665

67,322

63,860

50,414

0

0

0

Capital Expenditures - Other

84,567

82,836

69,284

67,153

60,005

66,138

74,821

78,984

80,780

76,952

70,109

67,588

61,549

57,560

58,297

48,945

48,007

46,096

41,048

46,769

46,936

46,304

48,250

47,335

47,443

47,069

49,825

51,049

47,827

51,325

51,924

51,799

52,290

50,540

49,124

47,862

43,936

38,681

0

0

0

Costs associated with property sold under threat of condemnation

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of real estate

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in partnerships

888

1,052

1,401

1,824

1,157

1,037

810

386

758

696

4,228

5,586

6,641

7,220

4,741

4,717

3,452

2,802

1,555

3,299

6,778

6,731

0

0

0

-

-

-

-

-

-

-

-

6,947

0

0

0

-

-

-

-

Distribution from partnerships in excess of earnings

2,631

2,765

1,836

1,371

1,165

275

294

262

1,822

1,729

0

0

0

-

-

-

-

-

-

-

-

565

918

1,023

882

790

789

936

973

1,116

1,048

807

872

1,070

512

490

398

237

0

0

0

Leasing costs

22,201

25,459

24,243

24,564

25,632

25,430

25,299

22,722

21,600

16,656

18,123

17,384

18,127

18,299

18,526

21,525

22,334

22,382

35,731

35,213

34,675

35,286

18,187

13,902

13,614

12,393

14,318

15,261

14,713

14,233

12,288

11,661

10,858

12,415

12,308

11,895

11,374

10,272

0

0

0

(Issuance) repayment of mortgage and other notes receivable, net

1,066

357

-423

-357

-163

67

1,506

1,455

1,831

1,646

595

-11,107

-11,629

-11,626

-11,361

-9,736

-10,122

-10,333

-11,126

-4,970

-5,170

-5,008

-4,837

-1,336

-1,133

-957

-1,699

-1,305

-1,113

-1,095

-422

-969

-9,480

-9,630

-8,622

-6,675

2,645

13,895

0

0

0

Net cash used in investing activities

-364,327

-316,532

-307,740

-226,920

-250,106

-192,247

-240,295

-529,918

-604,824

-837,922

-861,204

-676,018

-667,810

-590,221

-505,701

-438,314

-460,505

-353,763

-401,705

-422,379

-403,055

-396,150

-424,635

-377,142

-387,563

-345,198

-331,610

-358,388

-279,951

-273,558

-238,491

-192,957

-182,743

-196,369

-177,096

-201,903

-214,761

-187,088

0

0

0

FINANCING ACTIVITIES
Net borrowings under revolving credit facility, including costs

965,988

-4,012

-30,512

-89,000

-83,000

-41,000

-15,000

89,000

-114,000

41,000

38,084

-98,416

160,584

-56,916

0

-11,500

53,000

53,500

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-81,159

126,841

189,000

192,000

76,550

0

0

0

Issuance of senior notes, net of costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

456,151

700,771

453,223

453,233

244,579

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

148,457

0

0

0

Redemption and retirement of senior notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

75,000

0

0

0

-

-

-

-

Repayment of mortgages, finance leases and notes payable

280,835

301,029

300,968

301,312

26,360

16,620

16,621

15,812

66,739

56,328

65,554

66,250

49,703

49,559

58,263

205,211

171,703

181,315

227,019

81,662

102,615

94,422

165,664

165,327

164,482

173,735

74,477

74,649

62,217

53,414

19,309

19,201

49,945

91,952

91,953

91,958

54,773

262,340

0

0

0

Issuance of common shares, net of costs

83,619

143,027

189,019

176,887

189,009

130,918

149,022

123,685

102,560

118,583

80,252

101,272

164,705

329,103

309,755

298,069

292,023

110,855

163,045

170,231

165,129

216,155

222,711

207,259

205,621

186,548

136,689

155,861

122,410

112,270

94,796

97,763

128,311

154,921

154,406

99,908

54,255

6,610

0

0

0

Dividends paid to common and preferred shareholders

317,251

313,649

309,868

306,556

303,565

301,194

296,461

292,151

287,803

282,995

280,789

277,065

272,927

267,694

262,651

255,669

248,868

243,314

237,317

230,081

222,832

215,216

207,479

202,676

197,846

193,016

188,697

184,957

181,407

178,020

173,179

171,474

169,452

167,313

166,603

165,053

163,925

163,120

0

0

0

Shares withheld for employee taxes

4,194

4,626

4,646

4,623

4,619

958

940

929

921

4,229

4,231

4,157

4,159

4,451

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contributions from noncontrolling interests

298

404

357

1,271

2,875

2,838

2,890

2,109

13,383

13,449

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions to and redemptions of noncontrolling interests

21,746

20,133

19,911

11,380

13,149

15,293

15,196

14,004

15,686

15,230

14,634

15,164

26,801

24,102

14,802

14,312

-337

0

9,794

9,210

8,836

7,812

18,363

14,731

9,822

7,118

11,492

11,940

13,052

9,935

-8,521

-11,546

-11,193

-8,023

-16,468

-11,011

-8,223

-5,346

0

0

0

Distributions to and redemptions of noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22,649

9,626

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

825,792

-100,105

-76,423

-237,637

-238,809

-241,309

-182,021

47,683

185,989

369,445

311,718

295,075

227,314

168,838

192,814

35,756

-83,155

-42,188

25,218

55,533

149,839

9,044

-8,895

-29,783

106,021

82,639

-2,445

90,546

-52,826

-53,893

83,186

-20,025

-26,245

3,667

-60,009

-47,894

-42,605

-189,239

0

0

0

Increase (decrease) in cash, cash equivalents and restricted cash

937,214

45,282

112,115

31,307

8,512

83,132

61,757

1,044

40,240

-9,649

-75,751

81,782

6,230

6,289

88,417

-3,553

-151,721

-26,905

-11,053

-19,137

95,738

-40,976

-103,914

-67,054

44,425

51,939

-19,849

25,592

-37,908

-30,818

125,610

62,926

59,181

52,009

12,896

-3,709

-12,593

-119,592

0

0

0