Office properties income trust (GOV)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss) Attributable to Parent

30,335

-21,884

12,090

57,843

-209,961

56,534

54,620

49,960

45,997

27,795

25,981

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

89,400

66,685

52,427

42,489

38,987

37,671

34,694

32,348

26,886

19,180

13,562

Net amortization of debt premiums, discounts and issuance costs

10,740

3,626

3,420

2,832

1,376

1,310

1,340

1,332

1,045

2,283

1,551

Amortization of acquired real estate leases

197,978

94,375

56,174

29,003

28,624

27,713

21,608

19,507

13,071

4,627

894

Amortization of deferred leasing costs

5,973

4,833

3,802

-

-

-

-

-

-

-

-

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

105,131

20,661

0

79

0

-

-

-

-

-

-

Loss on impairment of real estate

22,255

8,630

9,490

0

0

2,016

-

-

-

-

-

Share based compensation expense

-

-

-

-

-

-

-

-

-

-

357

Gain (Loss) on Extinguishment of Debt

-769

-709

-1,715

104

34

-1,307

-

-

-

-3,786

-

Straight line rental income

27,507

10,164

5,582

2,691

3,978

4,495

3,067

3,553

1,729

-5

-452

Amortization of deferred leasing costs

-

-

-

3,265

2,349

2,145

1,599

1,122

630

465

436

Other non-cash expenses, net

-2,011

-250

-300

-284

-817

2,181

1,268

1,598

763

742

-

Unrealized Gain (Loss) on Investments

-44,007

-7,552

0

0

-

-

-

-

-

-

-

Loss on asset impairment

-

-

-

-

-

-

10,142

494

-

-

-

Increase in carrying value of property included in discontinued operations

-

-

-

-

0

2,344

-

-

-

-

-

Net gain on sale of properties

-

-

-

-

-

774

8,168

-

-

-

-

Increase in carrying value of property included in discontinued operations

0

0

619

0

-

-

-

-

-

-

-

Income (Loss) from Equity Method Investments

-1,259

-2,269

-13

137

20

10,963

334

316

139

-1

-15

Distribution of earnings from Affiliates Insurance Company

2,438

0

0

35,381

18,620

17,046

-

-

-

-

-

Equity in earnings of Select Income REIT included in discontinued operations

0

20,873

21,584

35,381

18,620

-

-

-

-

-

-

Gain (Loss) on Disposition of Stock in Subsidiary or Equity Method Investee

0

29

72

86

-42,145

-53

-

-

-

-

-

Loss on distribution to common shareholders of The RMR Group Inc. common stock

-

-

-

-

-12,368

0

-

-

-

-

-

Equity Method Investment, Other than Temporary Impairment

0

15,180

0

0

203,297

0

-

-

-

-

-

Distributions of earnings from Select Income REIT

0

20,873

21,584

-

-

-

-

-

-

-

-

Change in assets and liabilities:
Rents receivable

-12,586

-5,021

4,990

-1,670

2,729

337

1,565

-3,454

8,071

5,661

7,450

Restricted cash

-

-

-

-

0

591

136

-183

188

1,548

-1,334

Deferred leasing costs

27,971

9,203

5,017

10,196

4,741

3,326

4,279

5,183

2,702

137

9

Due from related persons

-

-

-

-

-

-

-

-

-

-103

103

Other assets

-3,266

-1,127

-1,368

-25

-515

419

1,063

-257

1,708

1,361

214

Accounts payable and other liabilities

-19,333

-3,303

11,696

1,970

1,097

6,400

2,492

-940

3,909

4,433

1,358

Due to related persons

-27,746

-97

1,339

634

725

-402

-760

45

2,723

511

837

Net cash provided by operating activities

215,329

144,916

137,554

126,722

110,837

130,725

108,391

100,308

80,487

55,224

39,001

CASH FLOWS FROM INVESTING ACTIVITIES:
Real estate acquisitions

2,905

-25,221

1,187,012

-

-

-

-

-

-

-

-

Real estate acquisitions and deposits

-

-

-

200,331

-

-

-

-

-

-

-

Payments to Acquire Real Estate

-

-

-

-

0

56,350

112,574

213,626

387,491

384,375

95,527

Real estate improvements

62,676

47,500

45,940

32,999

19,163

21,635

-23,252

-18,841

-3,060

-6,317

-3,451

Distributions in excess of earnings from Select Income REIT

0

17,251

29,248

-

-

-

-

-

-

-

-

Investment in Select Income REIT

-

-

-

-

95,821

689,969

-

-

-

-

-

Investment in The RMR Group Inc.

-

-

-

-

7,226

0

-

-

-

-

-

Investment in Affiliates Insurance Company

-

-

-

-

-

825

-

-

-

76

5,134

Distributions in excess of earnings from unconsolidated joint ventures

2,370

3,751

482

14,954

28,410

3,594

-

-

-

-

-

Distributions in excess of earnings from Affiliates Insurance Company

6,562

0

0

0

0

-

-

-

-

-

-

Proceeds from sale of properties, net

829,794

304,808

15,083

263

30,460

16,426

18,319

-

-

-

-

Proceeds from sale of Select Income REIT shares

0

435,125

0

0

-

-

-

-

-

-

-

Proceeds from sale of The RMR Group Inc. common shares, net

104,674

0

0

-

-

-

-

-

-

-

-

Net cash provided by investing activities

877,819

738,656

-1,188,139

-218,113

-63,340

-748,759

-117,507

-232,467

-390,551

-390,768

-104,112

CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of mortgage notes payable

12,054

3,708

11,909

107,933

48,908

2,221

1,933

1,793

1,005

571

134

Proceeds from unsecured term loans

-

-

-

-

-

1,050,000

-

350,000

-

-

-

Repayment of unsecured term loans

388,000

162,000

0

0

-

850,000

-

-

-

-

-

Repayment of senior unsecured notes

350,000

0

0

-

-

-

-

-

-

-

-

Proceeds from issuance of senior notes, after discounts

0

0

297,954

-

-

-

-

-

-

-

-

Proceeds from issuance of senior notes, after discounts

-

-

-

300,235

0

347,217

-

-

-

-

-

Proceeds from issuance of common shares, net

0

0

493,866

0

0

349,787

-

166,718

157,870

418,930

205,510

Borrowings on unsecured revolving credit facility

430,000

238,000

645,000

399,000

195,000

344,500

216,500

230,500

472,500

335,000

382,000

Repayments on unsecured revolving credit facility

605,000

741,000

235,000

356,000

78,000

501,500

109,000

526,500

245,000

361,375

237,625

Payment of debt issuance costs

0

3,936

4,644

544

21

12,765

-

1,964

3,074

4,962

6,755

Repurchase of common shares

473

232

264

337

172

0

-

-

-

-

-

Redemption of preferred units of limited partnership

0

20,221

0

0

-

-

-

-

-

-

-

Preferred units of limited partnership distributions

0

646

0

0

-

-

-

-

-

-

-

Payments of Ordinary Dividends, Common Stock

105,868

170,566

145,209

122,366

121,660

100,856

94,043

82,819

70,392

50,519

10,741

Net cash used in financing activities

-1,031,395

-864,309

1,039,794

112,055

-53,761

624,162

11,524

134,142

310,899

336,503

66,492

Decrease in cash, cash equivalents and restricted cash

61,753

19,263

-10,791

-

-

-

-

-

-

-

-

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

-

-

-

20,664

-6,264

6,128

2,408

1,983

835

959

1,381

SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid

131,735

65,188

55,048

41,139

-

-

-

-

-

-

-

Interest paid

-

-

-

-

35,500

21,334

15,336

15,469

10,309

4,333

3,918

Income taxes paid

491

68

117

111

143

126

169

117

72

145

-

Supplemental Disclosure Of Cash, Cash Equivalents And Restricted Cash [Abstract]
Equity distributions

-

-

-

-

-

-

-

-

-

-

265,763

NON-CASH INVESTING ACTIVITIES:
Assumed working capital

0

25,170

-1,596

-

-

-

-

-

-

-

-

Sale of real estate

-

-

-

3,600

0

0

-

-

-

-

-

Mortgage note receivable related to sale of real estate

-

-

-

3,600

0

0

-

-

-

-

-

Equity distributions

-

-

-

-

-

-

-

-

-

-

8,047

Real estate acquisition funded by the assumption of mortgage debt

-

-

-

-

-

97,524

-

-

-49,395

-44,951

-

Distribution of The RMR Group Inc. common stock received from Select Income REIT

-

-

-

-

5,244

0

-

-

-

-

-

Business Combination, Consideration Transferred, Assumed Working Capital

-

-

-

0

0

-

-

-

-

-

-

Real estate and investment acquired by issuance of common shares

0

639,809

0

0

13,545

0

-

-

-

-

-

Real estate and investment acquired by assumption of debt

0

1,719,772

0

-

-

-

-

-

-

-

-

Real estate and investment acquired by assumption of debt

-

-

-

0

-

-

-

-

-

-

-

NON-CASH FINANCING ACTIVITIES:
Select Income REIT unsecured revolving credit facility

0

108,000

0

-

-

-

-

-

-

-

-

Assumption of mortgage notes payable

0

161,772

167,548

0

0

97,524

-

-

49,395

44,951

-

Assumption of senior unsecured notes

0

1,450,000

0

0

-

-

-

-

-

-

-

Preferred units of limited partnership issued

0

0

20,221

0

0

-

-

-

-

-

-

Issuance of common shares

0

639,809

0

0

9,132

0

-

-

-

-

-

Issuance of common shares

-

-

-

-

-

-

1,697

1,902

721

-546

-250