Franklin street properties corp. (FSP)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net loss

6,475

13,069

-15,944

8,378

35,014

13,148

19,827

7,633

43,524

22,093

27,872

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

93,787

97,171

103,743

95,243

93,426

97,916

81,267

57,500

50,261

39,627

36,561

Amortization of above and below market leases

-402

-556

-1,031

-496

-158

635

-365

71

-47

1,362

3,359

Shares issued as compensation

337

-

-

-

-

-

-

-

-

-

-

Hedge ineffectiveness

-

-

-1,878

1,878

-

-

-

-

-

-

-

Loss on sale of properties and properties held for sale

-

-

-18,481

-2,938

23,662

940

2,158

-14,826

21,939

-

424

Equity in (income) loss of non-consolidated REITs

-

6,793

-3,604

-831

-1,451

-1,760

-1,358

2,033

3,086

1,183

2,012

Distributions from non-consolidated REITs

-

-

-

-

-

-

-

705

3,474

1,633

2,283

Decrease in allowance for doubtful accounts and write-off of accounts receivable

-71

-50

150

-30

-195

275

-1,250

65

-365

980

111

Changes in operating assets and liabilities:
Restricted cash

-

-

-

-

-719

99

68

82

73

86

-2

Tenant rent receivables

-158

765

160

185

-2,030

-94

2,103

354

-827

1,120

564

Straight-line rents

8,876

-381

1,767

1,977

2,448

4,737

5,782

4,464

9,878

4,249

1,879

Lease acquisition costs

3,999

1,193

2,052

1,095

1,487

440

1,146

2,520

-

-

-

Prepaid expenses and other assets

-2,313

1,940

403

721

-422

-700

1,547

328

-1,611

-865

-907

Accounts payable and accrued expenses

3,910

-4,077

3,870

5,751

5,505

206

11,137

3,717

4,213

-351

2,760

Accrued compensation

357

-598

-143

58

-32

773

445

318

419

387

-238

Tenant security deposits

3,027

936

28

526

581

222

1,538

481

78

122

-66

Payment of deferred leasing commissions

15,101

15,383

14,309

12,965

8,276

6,347

9,125

5,179

8,058

10,515

2,659

Net cash provided by operating activities

81,915

80,202

95,945

94,378

102,890

103,166

92,028

70,356

60,961

49,565

66,013

Cash flows from investing activities:
Property acquisitions

-

-

-

221,119

66,104

-

454,447

167,812

-

-

-

Property improvements, fixtures and equipment

70,746

51,057

54,187

37,407

21,750

18,370

19,120

15,824

-

-

-

Office computers and furniture

-

-

119

83

179

191

355

232

-

-

-

Acquired real estate leases

-

-

-

51,509

10,604

-

100,143

37,302

62,230

15,563

27,779

Investment in non-consolidated REITs

-

74,931

-

-

-

-

-4,858

1

10

11

13,218

Distributions in excess of earnings from non-consolidated REITs

-

710

1,396

1,023

107

107

108

2,105

1,582

3,537

3,345

Investment in related party mortgage loan receivable

2,400

-

-

3,000

25,000

11,170

8,200

74,580

82,832

21,149

35,410

Repayment of related party mortgage loan receivable

52,060

1,060

10,060

39,861

-

17,275

2,350

121,200

-

-

-

Investment in assets held for syndication

-

-

-

-

-

-

-

-

2,230

1,319

8,159

Proceeds received on sales of real estate assets

-

-

37,756

27,262

85,426

14,192

12,301

157

96,790

-

672

Proceeds received from liquidating trust

1,470

-

-

-

-

-

-

-

-

-

-

Acquired real estate leases

-

-

-

-

-

-

-

-

174,020

38,781

104,544

Changes in deposits on real estate assets

-

-

-

-

-

-

-

-

-200

200

-

Net cash used in investing activities

-19,616

25,644

-5,094

-244,972

-38,104

1,843

-562,648

-172,289

-218,290

-70,848

-168,775

Cash flows from financing activities:
Distributions to stockholders

38,603

49,326

81,496

77,481

76,142

76,142

69,588

63,032

62,177

60,586

55,313

Proceeds from equity offering

-

-

-

83,511

-

-

241,500

-

18,001

22,701

119,600

Offering costs

-

-

-

609

-

-

10,818

-

706

833

4,905

Borrowings under bank note payable

45,000

38,000

75,000

175,000

110,000

15,000

160,000

294,750

449,000

100,960

41,540

Repayments of bank note payable

70,000

91,000

277,000

185,000

88,000

53,500

70,250

527,000

209,968

-

-

Borrowing of Series A & Series B Senior Notes

-

-

200,000

-

-

-

-

-

-

-

-

Borrowing of term loan payable

-

-

-

150,000

-

-

220,000

400,000

-74,850

-150

-

Deferred financing costs

83

2,162

6,902

3,647

-

2,471

1,868

5,331

5,388

-

-

Swap termination payment

-

-

-

-

-

-

-

-

983

-

-

Net cash provided by financing activities

-63,686

-104,488

-90,398

141,774

-54,142

-117,113

468,976

99,387

112,929

62,092

100,922

Net increase (decrease) in cash, cash equivalents and restricted cash

-1,387

1,358

453

-8,820

10,644

-12,104

-1,644

-2,546

-44,400

40,809

-1,840

Supplemental disclosure of cash flow information:
Cash paid for:
Interest

34,470

35,885

29,969

23,896

22,963

25,623

19,556

13,969

9,688

6,931

6,354

Taxes

508

485

584

490

803

668

515

265

225

245

255

Non-cash investing and financing activities:
Accrued costs for purchase of real estate assets

11,012

7,361

5,140

5,230

3,211

1,788

3,570

1,692

733

845

1,936