Getty realty corp. (GTY)
CashFlow / TTM
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

51,496

49,723

49,205

48,259

48,601

47,706

47,552

45,948

47,514

47,186

42,478

41,942

40,412

38,411

49,976

48,207

46,250

37,410

14,425

17,625

12,643

23,418

31,555

63,197

69,299

70,011

70,767

25,425

16,312

12,447

-12,836

-4,021

7,555

12,456

0

0

0

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

26,159

25,161

24,638

24,385

24,141

23,636

23,193

21,803

20,291

19,089

17,986

18,719

18,940

19,170

19,431

18,649

18,011

16,974

14,707

13,450

11,811

10,549

10,459

8,956

9,026

9,346

6,597

8,220

9,298

10,642

13,948

13,280

11,998

10,336

0

0

0

Impairment charges

4,272

4,012

3,762

3,665

4,124

6,170

7,085

8,647

8,401

9,321

13,071

12,669

14,242

12,814

8,892

11,361

11,757

17,361

30,207

28,653

27,784

21,534

12,291

12,650

11,104

13,425

11,107

15,248

17,563

13,942

27,684

20,865

19,595

20,226

0

0

0

(Gain) loss on dispositions of real estate

1,983

1,063

688

659

3,248

3,948

4,338

4,530

2,021

1,041

0

0

5,415

-

6,211

7,895

3,134

2,272

0

0

0

-

-

-

-

-

-

0

0

-

0

0

0

-

0

0

0

Discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-178

-191

58

90

339

2,220

4,749

5,934

8,995

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Deferred rent receivable

3,352

3,530

3,532

3,654

3,844

4,112

4,318

4,141

4,055

3,644

3,715

4,003

4,118

4,516

-4,438

-4,195

-4,146

-4,401

3,822

3,663

3,722

4,156

3,040

4,334

3,254

4,445

6,627

5,646

6,441

4,368

-16,660

-18,110

-18,758

-19,305

0

0

0

Allowance for uncollectible accounts

-

-

-

-

-

470

369

151

199

205

358

87

-546

-448

-237

219

1,281

1,089

1,158

834

619

1,278

992

-13,119

-18,326

-20,854

0

0

0

-

-

-

-

-

-

-

-

Amortization of above-market and below-market leases

559

623

678

791

795

808

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

685

0

0

0

Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-54

-1,054

-1,054

-287

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of investment in direct financing leases

3,681

3,526

3,392

3,262

3,137

3,015

2,885

2,759

2,637

2,511

2,375

2,244

2,117

2,001

1,913

1,827

1,745

1,666

1,593

1,523

1,454

1,382

0

0

0

-

-

-

0

-

-

-

-

-

-

0

0

Amortization of debt issuance costs

996

971

945

938

912

871

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion expense

1,934

2,006

2,079

2,133

2,256

2,409

2,664

2,961

3,106

3,448

3,708

3,938

4,187

4,107

4,330

4,395

4,613

4,829

4,533

4,158

3,595

3,046

0

0

0

-

-

-

-

-

-

-

-

899

0

0

0

Stock-based compensation

2,726

2,468

2,271

2,068

1,866

1,777

1,663

1,543

1,433

1,350

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

643

0

0

0

Allowance (credit) for deferred rent and accounts receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

Other

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

Changes in assets and liabilities:
Accounts receivable

621

740

759

689

1,662

814

1,620

1,223

790

1,295

2,177

1,661

1,471

2,383

-209

891

-301

1,546

2,420

2,654

2,983

730

1,675

-19,904

-20,679

-20,847

-21,304

-540

7,104

15,848

28,681

29,616

22,041

14,890

0

0

0

Prepaid expenses and other assets

-74

503

624

1,181

1,238

708

-183

-4,038

3

-489

258

3,728

-410

-445

-689

-1,037

-411

189

-116

303

-479

-3,934

-3,263

-3,449

-3,048

201

152

3,636

6,362

8,004

0

0

0

-

-

-

-

Environmental remediation obligations

-13,171

-12,931

-9,829

-10,488

-11,071

-11,210

-11,562

-11,712

-13,537

-19,798

-26,740

-28,558

-28,306

-24,640

-24,801

-25,383

-25,099

-23,485

-18,751

-16,251

-14,928

-16,368

-15,206

-17,125

-18,078

-15,611

-14,198

-11,224

-10,048

-9,009

-6,348

-5,682

-2,594

-1,981

0

0

0

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Accounts payable and accrued liabilities

7,320

8,103

5,296

-265

316

1,907

2,131

2,086

382

1,183

-718

-206

374

-1,582

-586

-147

2,596

3,513

2,488

256

-3,083

-5,007

-1,911

6,028

6,162

10,089

8,529

-472

1,234

-3,054

1,817

2,515

820

5,935

0

0

0

Net cash flow provided by operating activities

79,166

76,774

75,658

67,171

64,544

66,361

67,751

68,219

63,604

59,253

44,122

39,640

40,381

36,874

48,284

45,113

52,807

49,688

41,191

39,009

27,591

29,237

27,278

47,454

45,047

43,678

42,436

15,494

14,227

15,885

20,311

35,867

52,070

60,755

0

0

0

CASH FLOWS FROM INVESTING ACTIVITIES:
Property acquisitions

0

-

-

-

-

-

-

-

-

214,000

0

0

0

-

-

-

-

-

-

-

-

17,098

6,525

-2,670

66,986

67,174

68,740

74,385

3,629

4,148

-65,055

-64,203

-64,751

99,926

0

0

0

Addition to construction in progress

207

365

965

1,995

2,542

2,657

2,466

1,653

1,325

1,255

999

892

577

406

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures

-

-

-

-

-

3,794

0

0

0

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from dispositions of real estate

2,332

1,558

2,254

2,319

2,775

3,303

1,970

2,397

2,039

2,739

4,497

4,317

4,657

3,957

3,018

6,524

6,084

5,604

0

0

0

-

-

-

-

-

-

-

0

-

6,735

5,535

2,825

2,317

0

0

0

Discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

88

49

571

803

1,424

3,959

8,383

9,756

15,289

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Deposits for property acquisitions

-130

510

-175

123

230

430

-335

-2,677

-9

-2,346

349

2,510

29

2,206

0

0

0

-

-

-3,495

-11,930

-16,226

-3,369

874

-1,150

16,467

5,208

272

13,829

1,615

4,186

2,826

1,382

750

0

0

0

(Issuance) of notes and mortgages receivable

-

464

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,138

0

0

0

-

-

0

0

-

-

0

0

Collection of notes and mortgages receivable

5,185

4,399

4,505

4,360

4,388

3,134

3,233

2,695

2,249

1,876

2,072

1,611

16,194

17,532

18,375

18,999

4,336

3,647

3,270

3,107

3,146

2,783

11,765

19,320

19,663

20,825

0

0

0

-

-

-

-

2,679

0

0

0

Net cash flow (used in) provided by investing activities

-137,134

-82,553

-44,294

-52,142

-78,926

-78,946

-144,840

-245,780

-205,248

-208,728

-142,339

-20,641

8,602

12,980

22,371

24,169

-205,547

-205,028

-213,039

-208,322

15,012

23,505

41,598

69,224

1,892

-6,847

-19,276

-51,953

6,232

3,551

3,905

3,388

2,354

-193,144

0

0

0

CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings under credit agreement

135,000

75,000

0

0

0

-

-

-

-

135,000

65,000

20,000

5,000

8,000

14,000

14,000

181,500

186,000

180,000

180,000

12,500

3,000

4,000

12,400

61,500

130,400

129,400

121,000

71,900

4,000

4,000

20,000

132,553

247,253

0

0

0

Repayments under credit agreement

-

175,000

160,000

55,000

160,000

130,000

135,000

160,000

55,000

105,000

95,000

64,000

78,000

27,000

45,000

51,000

65,000

67,000

51,000

48,000

24,000

36,000

40,500

99,400

90,400

222,690

0

0

0

-

-

-

-

-

-

-

-

Proceeds from senior unsecured notes

-

-

-

-

-

-

-

-

-

50,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

100,000

0

0

0

-

-

-

-

-

-

-

-

Repayments under term loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22,030

22,225

22,420

22,615

780

780

780

780

780

0

0

0

Payment of finance lease obligations

568

542

522

502

484

468

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of debt issuance costs

-

-

-

-

-

3,393

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of loan origination costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,842

2,942

3,212

3,271

4,144

4,044

3,701

3,642

175

0

0

0

Security deposits received (refunded)

-42

-347

-480

-481

-458

-260

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of cash dividends

57,914

56,889

55,418

53,854

52,174

50,503

48,523

45,339

42,337

39,299

36,747

35,447

34,275

36,231

36,056

35,283

34,385

35,150

33,785

33,092

32,402

28,675

28,664

28,654

28,640

24,419

0

0

0

-

-

-

-

63,436

0

0

0

Payments in settlement of restricted stock units

244

115

0

0

0

-

-

-

-

-

-

-

-

290

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Net cash flow provided by (used in) financing activities

74,816

-19,299

-13,788

-6,911

16,339

40,514

78,234

181,676

141,944

157,094

106,675

-10,546

-38,649

-41,011

-64,722

-72,962

153,880

155,867

167,208

171,398

-43,885

-61,666

-65,150

-115,756

-57,743

-41,672

-34,877

24,746

-17,820

-10,258

-21,838

-35,704

-61,759

133,965

0

0

0

Change in cash, cash equivalents and restricted cash

16,848

-25,078

17,576

8,118

1,957

27,929

1,145

4,115

300

7,619

8,458

8,453

10,334

8,843

5,933

-3,680

1,140

527

-4,640

2,085

-1,282

-8,924

3,726

922

-10,804

-4,841

-11,717

-11,713

2,639

9,178

2,378

3,551

-7,335

1,576

0

0

0

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

23,618

23,030

22,799

22,454

21,423

20,790

19,961

18,606

17,883

16,435

15,657

15,405

15,392

15,707

15,899

16,239

14,522

12,643

10,677

8,621

8,227

8,735

9,057

9,842

10,530

9,563

8,935

7,844

6,910

6,293

5,537

5,787

5,218

5,523

0

0

0

Income taxes

333

304

293

245

222

244

-7

-42

-197

-195

33

89

504

368

373

505

428

341

285

251

163

316

93

120

52

173

843

958

1,036

810

569

299

273

267

0

0

0

Environmental remediation obligations

7,337

7,544

8,335

9,218

9,923

9,891

10,144

9,969

10,488

12,944

17,423

18,567

17,968

17,633

18,401

19,161

19,811

19,123

14,650

12,636

12,430

13,448

0

0

0

-

-

9,028

6,089

4,889

0

0

0

-

-

-

-

Non-cash transactions:
Dividends declared but not yet paid

16,634

15,557

16,012

16,098

16,160

14,495

14,826

16,044

15,909

12,846

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of notes and mortgages receivable related to property dispositions

0

-

-

-

-

3,743

4,386

4,386

2,223

1,505

432

687

1,105

1,814

3,240

18,092

17,783

17,876

18,877

5,428

6,295

8,278

9,642

9,671

9,792

8,714

0

0

0

-

-

-

-

-

-

-

-

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

14,140

14,150

18,303

23,087

30,204

30,138

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

91,986

0

0

0