Getty realty corp. (GTY)
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 earnings

12,700

13,708

11,890

13,198

10,927

13,190

10,944

13,540

10,032

13,036

9,340

15,106

9,704

8,328

8,804

13,576

7,703

19,893

7,035

11,619

-1,137

-3,092

10,235

6,637

9,638

5,045

41,877

12,739

10,350

5,801

-3,465

3,626

6,485

-19,482

5,350

15,202

11,386

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

7,097

6,590

6,321

6,151

6,099

6,067

6,068

5,907

5,594

5,624

4,678

4,395

4,392

4,521

5,411

4,616

4,622

4,782

4,629

3,978

3,585

2,515

3,372

2,339

2,323

2,425

1,869

2,409

2,643

-324

3,492

3,487

3,987

2,982

2,824

2,205

2,325

Impairment charges

1,031

1,612

928

701

771

1,362

831

1,160

2,817

2,277

2,393

914

3,737

6,027

1,991

2,487

2,309

2,105

4,460

2,883

7,913

14,951

2,906

2,014

1,663

5,708

3,265

468

3,984

3,390

7,406

2,783

363

17,132

587

1,513

994

(Gain) loss on dispositions of real estate

869

687

0

427

-51

312

-29

3,016

649

702

163

507

-331

-

11

4,721

644

835

1,695

-40

-218

-

-

-

-

-

-

4,174

8,432

-

578

2,708

533

-

310

251

68

Discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-21

0

-157

-13

228

32

92

1,868

2,757

1,217

3,153

-

-

-

-

-

-

-

-

-

-

-

-

Deferred rent receivable

777

896

849

830

955

898

971

1,020

1,223

1,104

794

934

812

1,175

1,082

1,049

1,210

-7,779

1,325

1,098

955

444

1,166

1,157

1,389

-672

2,460

77

2,580

1,510

1,479

872

507

-19,518

29

224

-40

Allowance for uncollectible accounts

-

-

-

-

-

106

357

-119

126

5

139

-71

132

158

-132

-704

230

369

324

358

38

438

0

143

697

152

-14,111

-5,064

-1,831

-

-

-

-

-

-

-

-

Amortization of above-market and below-market leases

108

129

152

170

172

184

265

174

185

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

152

271

127

135

Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-304

250

-1,000

0

463

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of investment in direct financing leases

982

939

892

868

827

805

762

743

705

675

636

621

579

539

505

494

463

451

419

412

384

378

349

343

312

-

-

-

219

-

-

-

-

-

-

-122

-89

Amortization of debt issuance costs

260

261

240

235

235

235

233

209

194

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion expense

466

499

475

494

538

572

529

617

691

827

826

762

1,033

1,087

1,056

1,011

953

1,310

1,121

1,229

1,169

1,014

746

666

620

-

-

-

-

-

-

-

-

430

173

160

136

Stock-based compensation

732

665

664

665

474

468

461

463

385

354

341

353

302

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

163

169

168

143

Allowance (credit) for deferred rent and accounts receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-10,220

-

11,507

-29

-186

Other

-

-

-

-

-

-

-

-

-

-

-

-

85

-

557

454

444

-

18

794

622

-

595

491

264

-

891

1,653

1,847

-

3,105

1,340

1,259

-

-

-

-

Changes in assets and liabilities:
Accounts receivable

-1,461

403

556

1,123

-1,342

422

486

2,096

-2,190

1,228

89

1,663

-1,685

2,110

-427

1,473

-773

-482

673

281

1,074

392

907

610

-1,179

1,337

-20,672

-165

-1,347

880

92

7,479

7,397

13,713

1,027

-96

246

Prepaid expenses and other assets

188

204

-313

-153

765

325

244

-96

235

-566

-3,611

3,945

-257

181

-141

-193

-292

-63

-489

433

308

-368

-70

-349

-3,147

303

-256

52

102

254

3,228

2,778

1,744

-

-

-

-

Environmental remediation obligations

-2,113

-6,796

-1,704

-2,558

-1,873

-3,694

-2,363

-3,141

-2,012

-4,046

-2,513

-4,966

-8,273

-10,988

-4,331

-4,714

-4,607

-11,149

-4,913

-4,430

-2,993

-6,415

-2,413

-3,107

-4,433

-5,253

-4,332

-4,060

-1,966

-3,840

-1,358

-2,884

-927

-1,179

-692

204

-314

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-472

165

-240

Accounts payable and accrued liabilities

-2,800

3,501

6,175

444

-2,017

694

614

1,025

-426

918

569

-679

375

-983

1,081

-99

-1,581

13

1,520

2,644

-664

-1,012

-712

-695

-2,588

2,084

7,227

-561

1,339

524

-1,774

1,145

-2,949

5,395

-1,076

-550

2,166

Net cash flow provided by operating activities

17,874

18,780

26,434

16,078

15,482

17,664

17,947

13,451

17,299

19,054

18,415

8,836

12,948

3,923

13,933

9,577

9,441

15,333

10,762

17,271

6,322

6,836

8,580

5,853

7,968

4,877

28,756

3,446

6,599

3,635

1,814

2,179

8,257

8,061

17,370

18,382

16,942

CASH FLOWS FROM INVESTING ACTIVITIES:
Property acquisitions

57,321

-

-

-

-

-

-

-

-

70,115

126,085

11,646

6,154

-

-

-

-

-

-

-

-

10,661

3,579

2,849

9

88

-5,616

72,505

197

1,654

29

1,749

716

-67,549

881

1,201

165,393

Addition to construction in progress

-7

7

-72

279

151

607

958

826

266

416

145

498

196

160

38

183

25

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures

-

-

-

-

-

2,916

810

2

66

-

-

-

-

-

-

-

292

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from dispositions of real estate

851

966

0

515

77

1,662

65

971

605

329

492

613

1,305

2,087

312

953

605

1,148

3,818

513

125

-

-

-

-

-

-

-

15,461

-

1,880

3,378

624

853

680

668

116

Discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

88

0

0

0

49

522

232

621

2,584

4,946

1,605

6,154

-

-

-

-

-

-

-

-

-

-

-

-

Deposits for property acquisitions

-690

815

-278

23

-50

130

20

130

150

-635

-2,322

2,798

-2,187

2,060

-161

317

-10

-

-

-1,654

-535

-3,270

1,964

-10,089

-4,831

9,587

6,207

-12,113

12,786

-1,672

1,271

1,444

572

899

-89

0

-60

(Issuance) of notes and mortgages receivable

-

0

-6

88

382

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-970

3,335

1,773

-

-

-295

-633

-

-

240

30,400

Collection of notes and mortgages receivable

2,691

173

1,423

898

1,905

279

1,278

926

651

378

740

480

278

574

279

15,063

1,616

1,417

903

400

927

1,040

740

439

564

10,022

8,295

782

1,726

-

-

-

-

2,196

176

219

88

Net cash flow (used in) provided by investing activities

-53,082

-43,517

-13,553

-26,982

1,499

-5,258

-21,401

-53,766

1,479

-71,152

-122,341

-13,234

-2,001

-4,763

-643

16,009

2,377

4,628

1,155

-213,707

2,896

-3,383

5,872

9,627

11,389

14,710

33,498

-57,705

2,650

2,281

821

480

-31

2,635

304

-554

-195,529

CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings under credit agreement

65,000

40,000

0

30,000

5,000

-

-

-

-

70,000

45,000

15,000

5,000

0

0

0

8,000

6,000

0

167,500

12,500

0

0

0

3,000

1,000

8,400

49,100

71,900

0

0

0

4,000

0

16,000

112,553

118,700

Repayments under credit agreement

-

20,000

115,000

5,000

35,000

5,000

10,000

110,000

5,000

10,000

35,000

5,000

55,000

0

4,000

19,000

4,000

18,000

10,000

33,000

6,000

2,000

7,000

9,000

18,000

6,500

65,900

0

150,290

-

-

-

-

-

-

-

-

Proceeds from senior unsecured notes

-

-

-

-

-

-

-

-

-

0

0

0

50,000

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

100,000

-

-

-

-

-

-

-

-

Repayments under term loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

22,030

195

195

195

195

195

195

195

195

Payment of finance lease obligations

153

144

139

132

127

124

119

114

111

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of debt issuance costs

-

-

-

-

-

0

46

588

2,759

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of loan origination costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

73

0

2,769

100

343

59

3,642

0

0

0

175

Security deposits received (refunded)

63

-76

0

-29

-242

-209

-1

-6

-44

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of cash dividends

15,163

14,293

14,264

14,194

14,138

12,822

12,700

12,514

12,467

10,842

9,516

9,512

9,429

8,290

8,216

8,340

11,385

8,115

7,443

7,442

12,150

6,750

6,750

6,752

8,423

6,739

6,740

6,738

4,202

-

-

-

-

16,782

16,111

16,111

14,432

Payments in settlement of restricted stock units

244

0

0

0

115

-

-

-

-

-

-

-

-

1

0

22

267

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

35

125

-165

-

-310

-19

-24

-

-434

0

-39

-

-7

51

-47

-

-50

-50

-8

-

-

-

-

-

-

-

-

Net cash flow provided by (used in) financing activities

49,476

10,820

-2,805

17,325

-44,639

16,331

4,072

40,575

-20,464

54,051

107,514

843

-5,314

3,632

-9,707

-27,260

-7,676

-20,079

-17,947

199,582

-5,689

-8,738

-13,757

-15,701

-23,470

-12,222

-64,363

42,312

-7,399

-5,427

-4,740

-254

163

-17,007

-18,606

-26,309

195,887

Change in cash, cash equivalents and restricted cash

14,268

-13,917

10,076

6,421

-27,658

28,737

618

260

-1,686

1,953

3,588

-3,555

5,633

2,792

3,583

-1,674

4,142

-118

-6,030

3,146

3,529

-5,285

695

-221

-4,113

7,365

-2,109

-11,947

1,850

489

-2,105

2,405

8,389

-6,311

-932

-8,481

17,300

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

6,347

5,661

5,794

5,816

5,759

5,430

5,449

4,785

5,126

4,601

4,094

4,062

3,678

3,823

3,842

4,049

3,993

4,015

4,182

2,332

2,114

2,049

2,126

1,938

2,622

2,371

2,911

2,626

1,655

1,743

1,820

1,692

1,038

987

2,070

1,123

1,343

Income taxes

251

31

26

25

222

20

-22

2

244

-231

-57

-153

246

-3

-1

262

110

2

131

185

23

-54

97

97

176

-277

124

29

297

393

239

107

71

152

-31

81

65

Environmental remediation obligations

1,325

2,264

1,408

2,340

1,532

3,055

2,291

3,045

1,500

3,308

2,116

3,564

3,956

7,787

3,260

2,965

3,621

8,555

4,020

3,615

2,933

4,082

2,006

3,409

3,951

-

-

3,686

1,615

2,610

1,117

747

415

-

-

-

-

Non-cash transactions:
Dividends declared but not yet paid

15,632

895

34

73

14,555

1,350

120

135

12,890

1,681

1,338

0

9,827

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of notes and mortgages receivable related to property dispositions

792

-

-

-

-

430

0

2,525

788

1,073

0

362

70

0

255

780

779

1,426

15,107

471

872

2,427

1,658

1,338

2,855

3,791

1,687

1,459

1,777

-

-

-

-

-

-

-

-

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

-27

5,333

2,154

6,680

-17

9,486

6,938

13,797

-83

-

-

1,580

4,280

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-3

91,989