GRIFFIN INDUSTRIAL REALTY, INC. GRIF Cash Flow

Griffin industrial realty, inc. (GRIF)

CashFlow / TTM

Feb'20	Nov'19	Aug'19	May'19	Feb'19	Nov'18	Aug'18	May'18	Feb'18	Nov'17	Aug'17	May'17	Feb'17	Nov'16	Aug'16	May'16	Feb'16	Nov'15	Aug'15	May'15	Feb'15	Nov'14	Aug'14	May'14	Feb'14	Nov'13	Aug'13	May'13	Feb'13	Nov'12	Aug'12	May'12	Feb'12	Nov'11	Aug'11	May'11	Feb'11
Operating activities:
Net loss
3,934	3,668	6,111	4,972	-516	-1,653	-2,004	-553	3,843	4,627	6,456	5,078	-28	576	-599	653	798	425	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7,467	-8,224	-8,501	-5,821	-757	2,054	1,754	966	2,704	394	177	-2,474	0	0	0
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-144	7,056	7,521	7,629	7,731	0	0	0	-	-	-	-	-	-	-	-
Income (loss) from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,248	-411	-703	-872	1,910	0	0	0	-	-	-	-	-	-	-	-
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization
12,094	11,801	11,760	11,578	11,528	11,404	11,141	11,035	10,532	10,064	9,630	9,219	9,002	8,797	8,581	8,278	7,995	7,668	7,366	7,154	6,906	6,729	6,678	6,632	6,721	6,673	6,695	6,545	6,367	6,303	0	0	0	-	0	0	0
Provision for inventory losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,187	0	0	0
Gain on sales of properties
8,361	7,829	7,829	7,703	895	879	0	0	0	-	-	-	-	-	-	-	-	2,849	4,077	3,337	3,417	2,864	2,940	2,469	3,630	4,302	0	0	0	-	-	-	-	-	-	-	-
Noncash rental revenue including straight-line rents
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt issuance costs
342	313	284	297	301	297	295	345	339	333	323	315	294	283	274	202	215	226	237	254	258	259	261	257	259	270	281	294	299	298	297	298	276	277	0	0	0
Deferred income taxes
-217	-301	483	1,109	-542	428	451	1,343	3,864	2,623	3,745	3,068	279	785	37	653	750	297	1,222	486	407	123	-451	-537	-544	997	-535	767	601	125	2,046	631	679	-976	0	0	0
Stock-based compensation expense
228	261	294	356	350	350	350	357	357	349	342	323	278	267	223	182	208	230	254	287	278	338	374	392	462	415	434	477	513	545	545	591	587	564	0	0	0
Amortization of terminated swap agreement
-	31	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of terminated swap agreement
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sales of properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Gain on sales of common stock of Centaur Media plc
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	318	902	902	902	1,088	0	0	0	-	-	-	-	-	-	-	-
Accretion of discount on note receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	49	75	329	236	165	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of investment in Shemin Nurseries Holding Corp.
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,397	0	0	0	-	-	-	-	-	-	-	-
Provision for bad debts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	0	0	0
Changes in assets and liabilities:
Other assets
243	-207	796	976	249	123	-47	-1,330	-123	1,238	111	1,280	1,298	-59	1,310	-300	-633	-1,124	-101	331	-105	631	407	-140	-16	-181	0	0	0	-	-	-	-	-	-	-	-
Accounts receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-109	-892	27	45	0	0	0
Inventories
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-551	-47	-7	-646	0	0	0
Other current assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	280	257	183	869	0	0	0
Accounts payable and accrued liabilities
695	-119	138	-143	32	-339	-67	347	349	303	-471	-470	-44	337	379	316	-39	475	373	-163	-134	-276	-498	-343	491	-41	-260	246	-564	138	-21	-1,085	-272	-154	0	0	0
Deferred revenue
1,750	1,782	1,552	544	524	253	800	979	2,218	3,681	1,923	1,297	487	-656	-253	-794	4,001	4,924	7,961	8,097	3,773	2,987	62	86	-67	-234	-76	-261	-102	-67	-408	-376	-489	-397	0	0	0
Other liabilities
-1,473	135	-67	20	155	200	582	404	572	1,076	1,082	1,285	1,237	445	350	184	69	490	558	602	397	329	594	546	654	816	0	0	0	-	-	-	-	-	-	-	-
Net cash provided by operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	12,379	-	14,454	12,134	7,622	5,314	2,272	2,984	2,828	2,486	0	0	0	-	-	-	-	-	-	-	-
Net cash used in operating activities of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	39	24	2,415	-23	-1,786	0	0	0	-	-	-	-	-	-	-	-
Other noncurrent assets and noncurrent liabilities, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-714	-477	-447	-253	0	0	0
Net cash provided by operating activities
10,187	11,269	10,128	8,263	8,534	8,441	8,670	10,476	9,780	9,379	0	0	0	-	-	-	-	-	-	-	-	5,353	2,296	5,399	2,805	700	-464	-805	71	1,945	2,699	2,535	2,169	1,410	0	0	0
Investing activities:
Additions to property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	162	138	203	188	179	248	255	264	0	0	0
Proceeds from sale of business, net of expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	169	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-27,066	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from property sales returned from escrow
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Proceeds from the sale of investment in Shemin Nurseries Holding Corp.
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,418	0	0	0	-	-	-	-	-	-	-	-
Additions to real estate assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Return of capital from Shemin Nurseries Holding Corp.
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	309	0	0	0	-	-	-	-
Acquisition of land and building
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additions to real estate assets
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in short-term investments, net
15,000	15,989	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additions to real estate assets
-	-	-	-	-	-	0	0	17,642	-	13,333	12,663	16,034	15,734	18,092	25,501	28,576	31,188	29,571	20,736	17,442	15,583	13,749	12,414	7,794	13,538	13,480	15,214	18,911	13,548	0	0	0	-	-	-	-
Proceeds from sales of properties, net of expenses
9,349	9,475	9,475	9,188	1,761	998	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	23,376	0	0	0	-	-	-	-
Deferred leasing costs and other
927	959	779	856	891	802	931	921	1,321	1,556	1,436	1,214	792	890	739	892	984	1,011	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of properties returned from escrow, net
-	-	-	-	-	91	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,797	0	0	0	-	-	-	-	-	-	-	-
Proceeds from sales of common stock of Centaur Media plc
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	566	1,893	1,893	1,869	2,487	0	0	0	-	-	-	-	-	-	-	-
Net cash (used in) provided by investing activities
-25,905	-15,028	-18,291	-38,536	-42,404	-45,334	-40,242	-25,709	-19,522	-19,914	0	0	0	-	-	-	-	-	-	-	-	-	-2,384	-3,282	-6,599	-2,431	-718	-2,935	8,382	3,015	5,224	9,033	-1,653	783	0	0	0
Financing activities:
Proceeds from mortgage and construction loans
22,624	1,265	6,082	13,130	12,983	31,623	0	0	0	-	-	-	-	45,525	30,300	48,300	33,950	40,391	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments on mortgage loans
7,258	3,953	3,834	3,791	3,749	15,439	21,229	31,255	31,155	19,287	27,983	17,727	24,955	24,822	9,990	27,728	20,246	20,123	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,026	2,060	1,835	1,916	1,843	1,681	1,829	1,674	1,826	1,948	1,922	1,894	0	0	0
Dividends paid to stockholders
2,538	2,279	2,279	2,279	2,279	2,000	2,000	2,000	2,000	1,514	1,514	1,514	1,514	1,546	1,546	1,546	1,546	1,030	1,030	1,030	1,030	1,029	1,029	1,029	1,029	1,028	1,028	1,028	1,028	513	1,027	1,540	2,053	2,052	0	0	0
Net repayments on revolving lines of credit
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	186	0	0	0
Payment of debt issuance costs
0	-	-	-	-	569	630	931	748	595	677	575	495	578	685	813	716	762	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of common stock
-	-	-	-	-	-	-	-	-	1,474	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	10,922	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
16,668	1,041	601	8,461	8,355	15,417	8,556	11,867	22,782	15,914	0	0	0	-	-	-	-	-	-	-	-	-	1,393	5,766	5,809	5,729	5,700	-3,016	-2,880	-2,210	-2,773	-3,410	-4,060	-4,022	0	0	0
Net increase (decrease) in cash and cash equivalents
950	-2,718	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (decrease) increase in cash and cash equivalents
-	-	-	-	-	-	-	-	13,040	-	21,028	11,023	468	6,418	7,610	2,344	-3,765	1,212	-10,140	5,710	13,467	2,880	1,305	7,883	2,015	3,998	4,518	-6,756	5,573	2,750	5,150	8,158	-3,544	-1,829	0	0	0