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

31,706

23,475

16,239

11,551

9,681

6,985

4,926

3,428

1,464

-72

0

0

0

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

12,288

8,599

5,968

4,450

3,371

2,629

2,077

1,591

1,230

915

0

0

0

Stock-based compensation

2,757

2,495

2,227

1,958

1,698

1,465

1,250

1,037

1,279

1,719

0

0

0

Amortization of discounts on short-term investments

-3,906

-3,738

-3,493

-2,549

-1,703

-955

-332

-249

-93

0

0

0

0

Amortization of debt discounts and issuance costs

1,971

1,678

0

0

0

-

0

0

0

-

-

-

-

Other non-cash adjustments

0

-

-

-

-

-

-

-

-

-

-

-

-

Changes in assets and liabilities
Other assets, net

623

619

90

-724

49

173

0

0

0

-

-

-

-

Prepaid insurance and other assets, net

-

-

-

-

-

-

-

-

-

-

-

-

0

Accounts payable and accrued expenses

59

1,427

-135

2,695

673

886

551

260

186

992

0

0

0

Rent received in advance and tenant security deposits

15,575

11,617

9,331

7,095

5,062

4,856

3,908

2,295

2,055

1,616

0

0

0

Net cash provided by operating activities

59,901

44,934

31,228

26,616

18,941

15,693

13,070

7,210

5,746

5,015

0

0

0

Purchases of investments in real estate

324,936

259,889

137,941

110,729

64,884

57,474

0

0

0

-

-

-

-

Reimbursements of tenant improvements and construction funding

160,543

84,677

54,940

38,290

29,125

22,293

0

0

0

-

-

-

-

Deposits in escrow for acquisitions

-113

650

0

0

0

-

0

0

0

-

-

-

-

Purchases of short-term investments

393,522

255,664

368,852

240,763

253,170

184,988

65,151

61,170

48,763

0

0

0

0

Maturities of short-term investments

322,250

260,250

167,500

162,000

106,000

65,500

0

0

0

-

-

-

-

Net cash used in investing activities

-556,638

-340,630

-394,733

-228,532

-242,780

-199,255

-69,397

-100,432

-87,408

-38,645

0

0

0

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

604,137

286,292

299,596

113,835

113,909

193,223

79,590

79,590

79,590

0

0

0

0

Net proceeds from issuance of exchangeable senior notes

-12

138,545

0

0

0

-

0

0

0

-

-

-

-

Dividends paid to common stockholders

31,801

22,584

16,093

11,904

9,188

6,642

4,792

3,621

1,925

1,050

0

0

0

Dividends paid to preferred stockholders

1,352

1,352

1,352

1,352

1,352

1,337

999

661

323

0

0

0

0

Taxes paid related to net share settlement of equity awards

2,166

939

939

939

939

390

390

390

688

298

0

0

0

Net cash provided by financing activities

568,806

399,962

419,757

238,185

240,987

184,854

87,142

88,651

90,387

12,385

0

0

0

Net increase in cash, cash equivalents and restricted cash

-136,463

-104,266

56,252

36,269

17,148

1,292

73,305

37,919

51,215

21,245

0

0

0

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

0

-

-

-

-

-

-

-

-

-

-

-

-

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

62,952

24,968

10,792

9,172

5,634

2,433

0

0

0

-

-

-

-

Accrual for common and preferred stock dividends declared

0

-

-

-

0

-

-

-

-

-

-

-

-

Deposits applied for acquisitions

0

-

-

-

0

-

-

-

-

-

-

-

-