Innovative industrial properties inc (IIPR)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17
Cash flows from operating activities
Net income

11,872

9,902

6,520

3,412

3,641

2,666

1,832

1,542

945

607

334

-422

-591

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

4,907

3,545

2,221

1,615

1,218

914

703

536

476

362

217

175

161

Stock-based compensation

825

654

655

623

563

386

386

363

330

171

173

605

770

Amortization of discounts on short-term investments

-1,009

-868

-1,027

-1,002

-841

-623

-83

-156

-93

0

0

0

0

Amortization of debt discounts and issuance costs

501

497

489

484

208

-

0

0

0

-

-

-

-

Other non-cash adjustments

-74

-

-

-

-

-

-

-

-

-

-

-

-

Changes in assets and liabilities
Other assets, net

93

665

-123

-12

89

136

-937

761

213

-

-

-

-

Prepaid insurance and other assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-7

Accounts payable and accrued expenses

-2,112

2,351

-2,475

2,295

-744

789

355

273

-531

454

64

199

275

Rent received in advance and tenant security deposits

4,605

4,432

3,963

2,575

647

2,146

1,727

542

441

1,198

114

302

2

Net cash provided by operating activities

19,570

19,848

10,469

10,014

4,603

6,142

5,857

2,339

1,355

3,519

-3

875

624

Purchases of investments in real estate

72,457

152,245

45,481

54,753

7,410

30,297

18,269

8,908

0

-

-

-

-

Reimbursements of tenant improvements and construction funding

82,698

40,910

23,889

13,046

6,832

11,173

7,239

3,881

0

-

-

-

-

Deposits in escrow for acquisitions

838

150

-250

-851

1,601

-

0

0

0

-

-

-

-

Purchases of short-term investments

254,803

6,649

132,070

0

116,945

119,837

3,981

12,407

48,763

0

0

0

0

Maturities of short-term investments

102,500

96,750

63,000

60,000

40,500

4,000

57,500

4,000

0

-

-

-

-

Net cash used in investing activities

-308,296

-103,204

-138,190

-6,948

-92,288

-157,307

28,011

-21,196

-48,763

-27,449

-3,024

-8,172

0

Cash flows from financing activities
Issuance of common stock, net of offering costs

317,845

100,605

185,761

-74

0

113,909

0

0

79,314

276

0

0

-276

Net proceeds from issuance of exchangeable senior notes

0

0

0

-12

138,557

-

0

0

0

-

-

-

-

Dividends paid to common stockholders

12,638

8,866

5,885

4,412

3,421

2,375

1,696

1,696

875

525

525

0

0

Dividends paid to preferred stockholders

338

338

338

338

338

338

338

338

323

0

0

0

0

Taxes paid related to net share settlement of equity awards

2,166

0

0

0

939

0

0

0

390

0

0

298

0

Net cash provided by financing activities

302,703

91,401

179,538

-4,836

133,859

111,196

-2,034

-2,034

77,726

13,484

-525

-298

-276

Net increase in cash, cash equivalents and restricted cash

13,977

-200,487

51,817

-1,770

46,174

-39,969

31,834

-20,891

30,318

32,044

-3,552

-7,595

348

Supplemental disclosure of cash flow information:
Cash paid during the period for interest

2,695

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental disclosure of non-cash investing and financing cash flow information:
Accrual for reimbursements of tenant improvements and construction funding

41,185

12,268

3,877

5,622

3,201

-1,908

2,257

2,084

0

-

-

-

-

Accrual for common and preferred stock dividends declared

17,408

-

-

-

4,750

-

-

-

-

-

-

-

-

Deposits applied for acquisitions

550

-

-

-

0

-

-

-

-

-

-

-

-