Investors real estate trust (IRET)
CashFlow / Yearly
Dec'19Apr'18Apr'17Apr'16Apr'15Apr'14Apr'13Apr'12Apr'11Apr'10Apr'09
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

84,822

127,629

30,525

76,602

28,684

-16,940

29,972

9,706

24,351

4,585

10,713

Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization, including amortization of capitalized loan costs

75,408

83,276

46,135

41,098

43,762

41,976

47,283

61,954

61,344

61,184

57,832

Depreciation and amortization from discontinued operations

0

8,526

10,477

24,357

28,316

31,747

20,276

-

-

-

-

(Gain) loss on sale of real estate, land, other investments and discontinued operations

97,624

183,687

74,847

33,423

6,093

6,948

6,885

-349

19,365

68

-

Gain on involuntary conversion

-

-

-

-

-

2,480

5,084

274

0

1,660

0

(Gain) loss on extinguishment of debt and discontinued operations

-2,360

-6,839

-3,848

30,135

-

-

-

-

-

-

-

(Gain) loss on litigation settlement

1,349

0

0

-

-

-

-

-

-

-

-

Business Combination, Bargain Purchase, Gain Recognized, Amount

-

-

-

3,424

-

-

-

-

-

-

-

Share-based compensation expense

1,905

1,587

6

2,256

2,215

-

0

-

-

-

-

Loss on sale of real estate, land and other investments

-

-

-

-

-

-

-

-

-

-

-54

Impairment of real estate investments

0

18,100

57,000

5,983

6,105

44,426

305

428

0

1,678

338

Other, net

-1,096

-1,457

-3,660

-651

967

434

665

-298

733

1,399

2,472

Donation of real estate assets

-

-

-

-

-

-

-

-

-

450

0

Write off of development pursuit costs

-

-

-

0

-

-

-

-

-

-

-

Changes in other assets and liabilities:
Receivable arising from straight-lining of rents

-

-

-

-

64

2,293

2,733

4,831

1,732

1,443

-2,403

Accounts receivable

-

-

-

-

-4,058

-1,880

-689

-1,542

914

3,371

-603

Prepaid and other assets

-

-

-

-

150

555

693

1,361

1,162

138

-702

Other assets

-1,076

646

214

-2,588

-1,445

1,046

325

353

-1,469

2,040

1,381

Deferred charges and leasing costs

-

-

-

-

2,300

4,708

5,946

6,145

6,501

4,731

-5,686

Accounts payable and accrued expenses

1,930

-7,851

2,434

-14,292

7,234

7,021

194

4,522

551

5,567

-3,153

Net cash provided by (used by) operating activities

69,624

55,195

79,052

72,261

114,179

92,514

77,718

65,137

58,774

61,412

60,135

CASH FLOWS FROM INVESTING ACTIVITIES
Decrease in lender holdbacks for improvements

-

-

-

-

10,738

3,780

1,891

5,681

3,276

0

0

Increase in lender holdbacks for improvements

-

-

-

-

1,204

11,045

2,466

1,730

10,712

0

-

Purchase of marketable securities available-for-sale

-

-

-

-

-

-

-

-

-

-

0

Proceeds from sale of real estate and other investments

199,282

64,639

47,354

40,306

73,835

682

95

430

74

40

0

Insurance proceeds received

-

-

-

1,320

2,678

2,491

6,211

5,758

347

1,395

2,962

Payments for acquisitions of real estate assets

158,466

374,081

0

121,821

38,704

38,283

76,020

61,661

26,541

80,069

59,077

Payments for improvements of real estate assets

0

2,655

18,274

-

-

-

-

-

-

-

-

Payments for improvements of real estate assets

20,954

17,980

41,083

122,801

189,091

123,744

57,649

37,777

10,799

-

-

Payments for improvements of real estate assets

-

-

-

26,904

21,327

25,974

17,331

42,333

25,484

-

-

Other investing activities

-366

462

972

-279

-

-314

0

0

205

0

-

Payments for improvements of real estate assets from discontinued operations

-

-

-

7,672

10,988

8,985

8,949

-

-

-

-

Net cash provided by (used by) investing activities

7,007

80,112

224,160

128,552

-176,407

-121,834

-134,142

-128,265

11,684

-78,957

-54,367

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from notes payable and other debt

124,878

72,714

19,341

94,142

-

-

-

-

-

-

-

Principal payments on mortgages payable

0

21,689

49,080

24,754

-

-

-

-

-

-

-

Proceeds from mortgages payable

59,900

0

84,150

143,574

90,749

50,333

85,230

117,595

139,947

166,490

73,530

Principal payments on mortgages payable

177,743

205,159

298,984

241,206

127,622

101,867

104,976

77,089

213,658

180,482

67,230

Proceeds from revolving lines of credit

245,397

370,350

246,000

82,000

55,000

12,500

20,500

31,925

56,300

15,500

20,500

Principal payments on revolving lines of credit

252,818

303,400

206,450

125,000

17,000

0

49,500

10,060

25,650

15,567

14,073

Proceeds from construction debt

-

-

-

-

93,643

55,199

23,762

-

-

-

-

Payoff of financing liability

0

7,900

0

0

12,685

17,443

5,911

-

-

-

-

Proceeds from term loan

-

-

-

0

-

-

-

-

-

-

-

Proceeds from sale of common shares, net of issuance costs

22,019

0

0

1,493

48,701

41,194

30,707

23,511

3,175

1,382

-

Additions to notes receivable from noncontrolling partner – consolidated real estate entities

0

0

9,211

0

-

-

-

-

-

-

-

Proceeds from noncontrolling partner – consolidated real estate entities

0

0

9,749

1,120

2,284

994

0

2,854

0

0

-

Payments for acquisition of noncontrolling interests – consolidated real estate entities

1,260

0

4,938

0

-

2,505

0

1,289

425

475

-717

Proceeds from sale of marketable securities - available-for-sale

-

-

-

-

-

-

-

-

-

-

0

Principal proceeds on mortgage loan receivable

-

-

-

0

-

-

-

159

2

2

389

Proceeds from real estate deposits

-

-

-

-

1,168

991

2,037

2,254

2,766

2,588

3,645

Payments for real estate deposits

-

-

-

-

3,512

940

1,970

2,188

2,579

3,016

-2,354

Issuance of loans receivable

6,279

15,480

0

0

-

-

-

-

-

-

-

Purchase of marketable securities

6,942

0

0

-

-

-

-

-

-

-

-

Proceeds from sale of discontinued operations

0

426,131

237,135

365,845

-

78,879

20,009

3,142

81,539

103

68

Proceeds from issuance of common shares

-

-

-

-

-

-

55,433

24,413

16,423

106,889

5,978

Proceeds from sale of preferred shares

0

99,467

0

0

-

-

111,357

0

0

-

-

Repurchase of common shares

18,023

9,935

4,501

35,000

-

-

-

-

10

11

10

Repurchase of Series C preferred shares

0

115,017

28,752

0

-

-

-

-

-

-

-

Repurchase of partnership units

8,147

8,775

966

0

-

-

-

-

-

-

-

Distributions paid to common shareholders

32,891

33,689

55,907

60,063

45,728

40,764

36,463

36,477

43,234

37,323

29,009

Distributions paid to preferred shareholders

6,821

8,763

10,744

11,514

11,514

11,514

8,467

2,372

2,372

2,372

2,372

Distributions paid to noncontrolling interests – consolidated real estate entities

220

99

174

7,029

3,926

924

733

613

1,055

1,273

165

Distributions paid to preferred unitholders

377

0

0

-

-

-

-

-

-

-

-

Distributions paid to noncontrolling interests – Unitholders of the Operating Partnership

3,630

4,096

7,453

7,101

7,971

10,649

10,371

10,445

13,057

13,489

13,601

Other financing activities

-34

0

0

-

-

7,900

0

0

-

-

-

Redemption of partnership units

-

-

-

-

-

-

-

-

-

-

-158

Distributions paid to redeemable noncontrolling interests - consolidated real estate entities

-

-

-

-

-

-

-

27

442

177

-112

Net cash provided by (used by) financing activities

-49,770

-175,991

-317,920

-189,338

63,931

-17,546

110,568

61,926

-84,058

39,092

-26,005

NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH

26,861

-40,684

-14,708

11,475

1,703

-46,866

54,144

-1,202

-13,600

21,547

-20,237

SUPPLEMENTARY SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES
Distribution reinvestment plan – shares issued

-

-

-

3,997

15,519

13,965

11,802

10,177

10,627

9,762

10,603

Operating partnership distribution reinvestment plan – shares issued

-

-

-

130

636

634

614

657

746

772

782

Accrued capital expenditures

1,273

-3,415

-1,851

1,477

41,264

4,353

1,551

3,454

6,905

3,755

5,034

Accrued capital expenditures

-

-

-

-10,420

5,116

1,767

2,502

-5,445

933

324

-90

Shares issued under the Incentive Award Plan

-

-

-

-

-

-

-

443

253

-

-

Real estate assets contributed by noncontrolling interests - consolidated real estate entities

-

-

-

-

6,624

2,901

12,415

2,227

0

0

-

Conversion to equity of notes receivable from noncontrolling interests - consolidated real estate entities

0

0

9,846

0

12,169

-

12,500

7,190

9,895

2,569

0

Fair value adjustments to redeemable noncontrolling interests

-

-

-

-

-

-

-

35

370

-192

6

Involuntary conversion of assets due to flood and fire damage

-

-

-

-

-

7,052

107

2,783

0

0

-

Construction debt reclassified to mortgages payable

0

23,300

10,549

123,553

-

-

13,650

7,190

0

0

-

Increase in mortgage notes receivable

0

10,329

0

0

-

-

5,887

0

0

-

-

Forfeiture of note payable in conjunction with sale of property

-

-

-

-

-

600

0

0

-

-

-

Decrease in real estate assets in connection with transfer of real estate assets in settlement of debt

-

-

-

87,213

-

-

-

-

-

-

-

Decrease in debt in connection with transfer of real estate assets in settlement of debt

-

-

-

122,610

-

-

-

-

-

-

-

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash paid for interest

28,679

35,758

34,432

39,668

51,283

54,071

60,357

63,653

64,562

67,916

68,368

Interest on mortgages

-

-

-

-

-

-

-

-

-

67,234

67,947

Interest other

-

-

-

-

-

-

-

-

-

682

421

Series D Preferred Units
Property acquired through issuance of Series D preferred units

16,560

0

0

18,226

800

3,480

12,632

8,055

4,996

3,897

3,730