Office properties income trust (GOV)
CashFlow / Quarterly
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'11
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss) Attributable to Parent

10,840

65,029

-3,939

-64,774

34,019

-57,695

-449

29,695

6,565

-17,991

10,989

11,677

7,415

12,065

11,578

16,813

17,387

-2,339

16,911

-191,163

-33,370

14,114

12,622

14,608

15,190

12,724

1,966

15,204

24,726

13,191

11,756

11,954

13,059

13,248

11,563

10,932

10,254

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

20,499

21,305

22,004

22,462

23,629

15,564

17,084

16,865

17,172

16,967

12,062

11,822

11,576

10,878

10,830

10,544

10,237

9,872

9,752

9,737

9,626

9,537

9,742

9,236

9,156

8,678

8,743

8,678

8,595

8,451

8,241

7,868

7,788

7,628

6,905

6,381

5,972

Net amortization of debt premiums, discounts and issuance costs

2,283

2,476

2,560

2,863

2,841

877

893

891

965

815

990

808

807

808

805

748

471

356

360

328

332

384

373

223

330

338

339

332

331

334

339

335

324

258

266

262

259

Amortization of acquired real estate leases

42,457

40,870

51,648

51,623

53,837

16,941

25,196

25,448

26,790

30,582

8,383

8,537

8,672

7,055

7,106

7,130

7,712

6,853

7,154

7,277

7,340

7,419

7,592

6,682

6,020

5,833

5,362

5,214

5,199

5,155

5,078

4,636

4,638

4,955

3,512

2,478

2,126

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

10,756

71,593

11,463

-17

22,092

3,332

0

17,329

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on impairment of real estate

0

8,150

8,521

2,380

3,204

2,830

0

-316

6,116

9,260

230

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on early extinguishment of debt

-2,144

-

-

-

-414

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Extinguishment of Debt

-

-

-

-

-

-709

0

0

0

-

-

-

-

0

0

0

104

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Straight line rental income

5,583

8,142

6,904

5,667

6,794

2,339

1,990

2,744

3,091

2,467

711

1,104

1,300

902

1,205

435

149

1,158

613

1,544

663

1,149

1,137

1,070

1,139

759

654

745

909

884

1,105

695

869

1,278

290

43

118

Amortization of deferred leasing costs

1,665

-

-

-

1,350

-

-

-

1,120

-

993

948

849

922

868

766

709

962

300

531

556

640

541

508

456

473

536

394

196

486

249

189

198

263

131

120

116

Other non-cash expenses, net

-107

-104

-619

-695

-593

-61

-191

-332

334

52

-159

-188

-5

216

-198

-407

105

-2,105

231

550

507

462

711

654

354

330

-108

547

499

121

831

180

466

42

465

-127

383

Unrealized Gain (Loss) on Investments

0

0

0

-66,135

22,128

-48,229

17,425

10,321

12,931

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in carrying value of property included in discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2,344

-

-

-

-

-

-

-

-

-

-

-

-

Net gain on sale of properties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

8,168

-

-

-

-

-

-

-

-

Income (Loss) from Equity Method Investments

-276

-686

-196

-142

-235

-1,157

94

-629

-577

-546

-10,787

8,581

2,739

-27,865

8,668

9,400

9,934

-16,052

10,294

6,094

-316

6,032

4,910

118

-97

115

64

79

76

80

115

76

45

28

28

46

37

Distribution of earnings from Affiliates Insurance Company

-

-

-

-

-

-23,843

9,253

4,301

10,289

-20,271

9,454

8,206

2,611

9,705

7,916

8,643

9,117

-230

8,425

8,249

2,176

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity in earnings of Select Income REIT included in discontinued operations

-

-

-

-

-

-2,970

9,253

4,301

10,289

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-21

-1,353

-40,771

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in assets and liabilities:
Rents receivable

1,087

4,599

-1,299

-1,496

-14,390

2,514

-2,665

-6,763

1,893

8,829

-967

-3,846

974

-1,796

1,554

-2,643

1,215

3,185

83

1,048

-1,587

-1,745

3,090

2,076

-3,084

1,082

424

-944

1,003

1,409

-1,385

-81

-3,397

5,626

606

191

1,648

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

170

-369

-309

950

-1,124

-588

762

-21

-200

157

655

99

-146

-428

611

-636

-1,781

1,769

465

-122

265

-227

272

Deferred leasing costs

4,466

5,212

7,551

7,223

7,985

3,266

1,796

2,050

2,091

2,171

759

1,012

1,075

2,198

4,589

1,420

1,989

2,333

285

1,711

412

1,007

629

511

1,179

1,161

1,043

1,182

893

3,060

1,312

614

197

2,278

214

175

35

Due from related persons

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

286

-

-

-

-

-

-

-

-

Other assets

-180

-3,298

6,136

-3,231

-2,873

-2,520

6,263

-2,574

-2,296

-8,413

3,974

5,286

-2,215

-1,491

2,586

729

-1,849

-1,380

2,892

672

-2,699

-1,268

3,703

25

-2,041

-1,717

4,038

-134

-1,124

-1,334

3,239

-303

-1,859

-1,403

2,232

1,110

-231

Accounts payable and other liabilities

-21,790

11,270

-13,745

13,529

-30,387

7,058

-8,730

8,048

-9,679

4,993

-3,168

11,860

-1,989

2,120

-1,121

5,548

-4,577

2,134

-2,528

4,147

-2,656

356

4,703

1,551

-210

-1,517

3,612

-1,169

1,566

-3,630

2,204

1,590

-1,104

675

1,351

2,855

-972

Due to related persons

832

-533

1,397

647

-29,257

-18,538

16,171

-1,415

3,685

562

-1,064

1,689

152

-454

396

-802

1,494

1,093

-1,351

782

201

209

-785

310

-136

690

-663

-143

-644

-3,291

3,799

-722

259

-2,562

3,573

750

962

Net cash provided by operating activities

37,601

67,191

40,348

89,048

18,742

24,751

26,668

58,230

35,267

41,640

26,112

43,577

26,225

35,048

19,653

40,809

31,212

21,784

26,198

34,607

28,248

38,684

31,161

29,815

31,065

26,050

23,852

28,843

29,646

17,848

29,892

23,260

29,308

16,822

24,131

22,313

17,221

CASH FLOWS FROM INVESTING ACTIVITIES:
Payments to Acquire Real Estate

11,864

-

-

-

0

-

-

-

-

-

653,554

7

12,641

-

4,420

41

79,244

-

-

-

-

-1

8,992

42,241

5,118

-

-

-

-

32,650

142,126

35,450

3,400

60,089

103,622

186,198

37,582

Real estate improvements

14,525

-

-

-

12,969

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Real estate improvements

-

-

-

-

-

14,875

11,301

10,304

11,020

16,563

7,381

12,340

9,656

9,642

9,208

9,185

4,964

9,417

4,360

2,708

2,678

7,693

4,238

14,338

-4,634

-8,328

-8,382

-2,835

-3,707

-8,367

-5,763

-2,474

-2,237

1,053

-1,021

-1,729

-1,363

Investment in Select Income REIT

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

95,821

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions in excess of earnings from unconsolidated joint ventures

51

2,370

0

-521

521

-10,530

3,454

8,408

2,419

-17,372

3,254

4,503

10,097

3,003

4,793

3,816

3,342

12,689

4,034

333

11,354

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of properties, net

68,433

-

-

-

262,779

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions in excess of earnings from Affiliates Insurance Company

-

-

-

-

-

-3,046

813

1,410

823

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of properties, net

-

-

-

-

-

162,619

0

123,392

18,797

1,885

13,198

0

0

-

-

-

-

-60

0

-1

30,521

-1

11,783

0

4,644

0

-55

0

18,374

-

-

-

-

-

-

-

-

Net cash provided by investing activities

42,095

238,051

370,888

18,549

250,331

611,765

-7,034

122,906

11,019

-523,612

-644,483

-7,844

-12,200

-123,265

-8,572

-5,410

-80,866

2,453

1,075

-10,244

-56,624

-6,910

-688,605

-48,136

-5,108

-85,054

-44,285

-2,835

14,667

-41,017

-147,889

-37,924

-5,637

-59,036

-104,643

-187,927

-38,945

CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of mortgage notes payable

67,848

1,053

1,031

1,016

8,954

976

924

909

899

10,759

389

382

379

371

360

353

106,849

432

47,273

593

610

586

563

552

520

499

479

470

485

466

446

439

442

381

225

201

198

Proceeds from unsecured term loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

350,000

-

-

-

-

Repayment of unsecured term loans

0

0

170,000

65,000

153,000

162,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of senior unsecured notes

400,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings on unsecured revolving credit facility

418,467

10,000

335,000

0

85,000

143,000

25,000

45,000

25,000

35,000

565,000

15,000

30,000

145,000

25,000

25,000

204,000

30,000

65,000

25,000

75,000

30,000

229,000

62,000

23,500

109,000

61,000

23,000

23,500

-

-

-

-

96,000

114,500

187,000

75,000

Repayments on unsecured revolving credit facility

70,467

220,000

190,000

15,000

180,000

543,000

10,000

163,000

25,000

30,000

155,000

20,000

30,000

10,000

0

336,000

10,000

27,000

10,000

21,000

20,000

214,500

240,000

17,000

30,000

21,000

17,000

25,500

45,500

175,000

6,000

0

345,500

33,000

170,000

4,000

38,000

Payment of debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

5

0

16

7,576

4,562

536

91

-

-

-

-

0

0

0

1,964

3,071

0

0

3

Repurchase of common shares

27

14

396

63

0

0

214

7

11

9

250

5

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred units of limited partnership distributions

-

-

-

-

-

0

0

368

278

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of Ordinary Dividends, Common Stock

26,511

26,512

26,461

26,450

26,445

42,659

42,641

42,634

42,632

42,633

41,364

30,606

30,606

30,607

30,590

30,585

30,584

30,586

30,566

30,256

30,252

30,247

23,544

23,535

23,530

23,531

23,510

23,505

23,497

23,497

19,782

19,778

19,762

19,762

17,014

17,010

16,606

Net cash used in financing activities

-146,386

-237,579

-402,888

-107,529

-283,399

-609,571

-28,779

-182,139

-43,820

-50,564

1,157,336

-35,993

-30,985

103,917

-6,353

-42,076

56,567

-28,016

-23,018

-26,849

24,122

-22,911

657,337

20,377

-30,641

63,970

20,011

-26,475

-45,982

25,255

119,772

6,783

-17,668

39,762

85,155

165,789

20,193

Decrease in cash, cash equivalents and restricted cash

-66,690

-

-

-

-14,326

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-1,003

2,466

-

538,965

-260

-16,960

15,700

4,728

-6,677

6,913

-3,779

4,255

-2,486

-4,254

8,863

-107

2,056

-4,684

4,966

-422

-467

-1,669

2,086

1,775

-7,881

6,003

-2,452

4,643

175

-1,531

SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid

37,715

-

-

-

49,545

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,256

5,024

12,319

5,393

12,127

5,902

12,078

5,801

6,880

4,522

4,131

3,950

3,776

3,837

3,773

3,682

4,092

3,758

3,937

3,244

2,904

1,474

2,687

Income taxes paid

0

-

-

-

7

-

-

-

-

-

-

-

-

17

18

32

44

0

65

-53

131

0

39

44

43

-4

45

44

84

-50

81

62

24

29

-8

20

31

NON-CASH INVESTING ACTIVITIES:
Sale of properties

13,095

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NON-CASH FINANCING ACTIVITIES:
Repayment of mortgage notes payable related to properties sold

13,095

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NON-CASH INVESTING ACTIVITIES:
Real estate acquisition funded by the assumption of mortgage debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

195,048

0

-83,000

-14,524

-

-

-

-

-

-

-

-

-

-

-

-

Assumption of mortgage notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

83,000

14,524

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of common shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

55

682

224

941

-

-

-

-