Getty realty corp. (GTY)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
CASH FLOWS FROM OPERATING ACTIVITIES:
Net earnings

49,723

47,706

47,186

38,411

37,410

23,418

70,011

12,447

12,456

51,700

47,049

Adjustments to reconcile net earnings to net cash flow provided by operating activities:
Depreciation and amortization expense

25,161

23,636

19,089

19,170

16,974

10,549

9,346

10,642

10,336

9,738

11,027

Impairment charges

4,012

6,170

9,321

12,814

17,361

21,534

13,425

13,942

20,226

-

1,135

Discontinued operations

-

-

-

-

-

-

581

3,058

-

-

-

Continuing operations

-

-

-

6,390

-

-

-

-

-

-

-

(Gain) loss on dispositions of real estate

1,063

3,948

1,041

-

2,272

1,223

-

-

-

1,705

5,467

Discontinued operations

-

-

-

-178

339

8,995

45,505

6,866

968

-

-

Deferred rent receivable

3,530

4,112

3,644

4,516

-4,401

4,156

4,445

4,368

-19,305

-96

763

Allowance for uncollectible accounts

194

470

205

-448

1,089

1,278

-20,854

15,903

9,121

-

-

Amortization of above-market and below-market leases

623

808

522

569

1,496

28

-160

285

685

1,260

1,217

Change in restricted cash

-

-

-

-

-

-287

1,000

-

0

-

-

Amortization of investment in direct financing leases

3,526

3,015

2,511

2,001

1,666

1,382

1,025

728

505

-323

85

Amortization of debt issuance costs

971

871

771

851

-

-

-

-

-

-

-

Accretion expense

2,006

2,409

3,448

4,107

4,829

3,046

3,214

3,174

899

775

884

Amortization of loan origination costs

-

-

-

-

1,150

1,068

1,650

3,396

207

304

-

Stock-based compensation

2,468

1,777

1,350

1,426

1,090

917

971

757

643

480

390

Allowance (credit) for deferred rent and accounts receivable

-

-

-

-

-

-

-

-

-

229

-120

Changes in assets and liabilities:
Other receivables, net

-

-

-

-

-

-

-

-

-

-

669

Accounts receivable

740

814

1,295

2,383

1,546

730

-20,847

15,848

14,890

189

175

Prepaid expenses and other assets

503

708

-489

-445

189

-3,934

201

8,004

-151

379

-339

Environmental remediation obligations

-12,931

-11,210

-19,798

-24,640

-23,485

-16,368

-15,611

-9,009

-1,981

-2,512

-1,676

Accounts payable and accrued liabilities

8,103

1,907

1,183

-1,582

3,513

-5,007

10,089

-3,054

5,935

-213

1,640

Net cash flow provided by operating activities

76,774

66,361

59,253

36,874

49,688

29,237

43,678

15,885

60,755

57,064

52,532

CASH FLOWS FROM INVESTING ACTIVITIES:
Property acquisitions

87,157

77,972

214,000

7,688

219,192

17,098

67,174

4,148

99,926

4,725

55,317

Addition to construction in progress

365

2,657

1,255

406

687

-

-

-

-

-

-

Capital expenditures

14

3,794

434

298

334

140

-

-

-

-

-

Investment in direct financing leases

-

-

-

-

-

-

6,267

-

-67,569

-

-

Proceeds from dispositions of real estate

1,558

3,303

2,739

3,957

5,604

4,776

-

-

2,317

2,858

6,939

Discontinued operations

-

-

-

88

1,424

15,289

66,349

9,855

-

-

-

Deposits for property acquisitions

510

430

-2,346

2,206

-2,844

-16,226

16,467

1,615

750

-2,665

1,623

(Issuance) of notes and mortgages receivable

464

530

-

-

-

-

4,138

2,972

30,400

-

300

Collection of notes and mortgages receivable

4,399

3,134

1,876

17,532

3,647

2,783

20,825

1,703

2,679

158

155

Net cash flow (used in) provided by investing activities

-82,553

-78,946

-208,728

12,980

-205,028

23,505

-6,847

3,551

-193,144

633

-50,146

CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings under credit agreement

75,000

95,000

135,000

8,000

186,000

3,000

130,400

4,000

247,253

163,500

79,000

Repayments under credit agreement

175,000

130,000

105,000

27,000

67,000

36,000

222,690

1,410

140,853

273,400

58,050

Proceeds from senior unsecured notes

125,000

100,000

50,000

-

75,000

-

100,000

-

0

-

24,500

Repayments under term loan

-

-

-

-

-

-

22,030

780

780

780

130

Payment of finance lease obligations

542

468

342

236

249

255

220

152

59

-

-

Payments of debt issuance costs

556

3,393

157

-

-

-

-

-

-

-

-

Payments of loan origination costs

-

-

-

-

2,432

-

2,842

4,144

175

-

-

Security deposits received (refunded)

-347

-260

247

260

-187

314

129

650

29

182

-

Repayment of mortgage payable

-

-

-

-400

-50

-50

-

-

-

-

-

Payments of cash dividends

56,889

50,503

39,299

36,231

35,150

28,675

24,419

8,404

63,436

52,332

46,834

Payments in settlement of restricted stock units

115

-

1,195

290

65

-

-

18

0

-

-

Net cash flow provided by (used in) financing activities

-19,299

40,514

157,094

-41,011

155,867

-61,666

-41,672

-10,258

133,965

-54,625

-1,514

Change in cash, cash equivalents and restricted cash

-25,078

27,929

7,619

8,843

527

-8,924

-4,841

9,178

1,576

3,072

872

Supplemental disclosures of cash flow information Cash paid during the period for:
Interest

23,030

20,790

16,435

15,707

12,643

8,735

9,563

6,293

5,523

4,863

5,046

Income taxes

304

244

-195

368

341

316

173

810

267

365

467

Environmental remediation obligations

7,544

9,891

12,944

17,633

19,123

13,448

12,396

4,889

3,598

4,667

-

Non-cash transactions:
Dividends declared but not yet paid

15,557

14,495

12,846

9,742

15,897

-

-

-

-

-

-

Issuance of notes and mortgages receivable related to property dispositions

1,206

3,743

1,505

1,814

17,876

8,278

8,714

4,568

1,068

-

-

Mortgage payable, net related to property acquisition

-

-

-

-

-

390

-

-

-

-

-

Accrued construction in progress

-

-

-

-

268

-

-

-

-

-

-

Equity Offering [Member]
Proceeds from issuance of common stock, net

-

-

104,312

-

-

-

-

-

-

-

-

ATM Program [Member]
Proceeds from issuance of common stock, net

14,150

30,138

13,528

14,886

-

-

-

-

91,986

108,205

-