Independence realty trust, inc. (IRT)
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 income (loss)

-374

24,020

4,912

14,856

2,566

14,729

4,836

3,545

3,500

6,519

1,156

19,521

4,245

-42,706

2,407

30,790

-46

4,408

25,636

353

-241

195

-58

-128

2,935

308

302

324

340

49

-14

239

153

-53

-65

-189

-63

Adjustments to reconcile net income to cash flow from operating activities:
Depreciation and amortization

14,828

14,213

13,434

12,721

12,447

11,631

10,783

11,583

11,224

9,912

8,671

8,011

7,607

7,897

7,765

7,635

11,527

11,632

4,704

5,720

6,038

3,856

3,309

3,232

2,123

1,306

1,008

1,063

1,036

995

840

811

820

688

630

453

0

Amortization of deferred financing costs

361

371

351

362

339

352

309

325

444

304

282

365

513

521

597

749

890

728

-24

-156

-159

-182

-213

-242

-23

29

18

18

18

17

12

80

12

9

5

1

0

Stock compensation expense

2,627

716

692

1,086

622

558

562

934

470

420

422

645

481

390

247

380

205

198

217

10

70

31

32

112

31

-

-

-

-

-

-

-

-

-

-

-

-

Net (gains) losses on sale of assets

-

-

-

-

-

-

-

-

-

2,952

-92

16,050

-85

3

-1

29,321

2,453

-

-

-

-

-

-

0

2,882

-

-

-

-

-

-

-

-

-

-

-

-

Amortization related to derivative instruments

280

195

264

155

76

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of derivative instruments

-

-

-

-

-

-

-

-

-53

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Gains) losses on TSRE merger and property acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

0

641

0

91

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in assets and liabilities:
Other assets

875

-884

-91

353

-722

573

-569

1,339

-829

-664

1,414

1,020

-503

-900

1,080

894

-597

-2,238

-3,664

784

-452

-842

-552

-232

862

-543

-33

726

-61

-578

274

333

-269

-45

-44

417

5

Accounts payable and accrued expenses

-5,171

-4,986

6,031

5,052

-2,607

-5,375

4,467

4,825

-633

-6,520

5,259

3,859

-1,020

-8,223

5,156

1,931

-3,192

1,060

221

-257

2,338

255

960

103

1,352

-8

334

-2

-114

-105

392

-61

-94

-13

209

868

11

Accrued interest payable

-59

1,479

90

10

-37

178

117

50

124

103

-43

-351

49

-339

129

-441

-64

681

398

-1

-18

19

0

-2

-31

31

0

0

0

-

-

-

-

-

-

-

-

Other liabilities

67

-569

-218

149

76

353

-30

-60

-67

-25

-183

60

-42

48

-98

3

84

-183

-2,372

-72

23

211

31

-75

9

6

-25

-2

40

77

10

-25

4

69

-36

5

0

Net cash provided by operating activities

11,684

15,644

23,257

21,896

14,204

11,215

21,618

19,859

15,838

9,268

17,023

15,612

12,421

-40,863

14,483

11,390

7,457

13,758

-8,349

4,813

8,503

5,227

4,613

3,232

2,652

2,292

1,670

675

1,381

1,643

966

711

1,164

745

787

721

-57

Cash flows from investing activities:
Acquisition of real estate properties

50,598

48,829

51,098

28,461

520

61,751

64,535

250

89,297

52,657

84,739

55,717

28,700

-

-

-

-

-

-

-

-

121,723

80,245

39,727

58,186

-

-

-

-

-

-

-

-

-

-

-

-

Disposition of real estate properties

-

29,406

17,970

19,680

1,081

-

-

-

-

-

-

-

-

0

-1

30,007

9,684

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures

8,572

11,800

13,893

11,244

8,688

12,078

13,092

10,302

4,954

4,270

4,372

3,369

2,359

2,624

2,610

3,156

2,273

3,300

2,553

2,095

993

1,636

1,239

902

381

315

457

429

244

278

278

332

260

312

403

153

0

TSRE merger, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-91

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Secured Credit Facility and mortgage indebtedness

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

430,450

35,375

22,900

53,733

50,496

31,654

18,767

-

-

-

-

-

-

-

-

-

-

-

-

Secured Credit Facility and mortgage principal repayments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

252,933

480

18,882

5,383

12,525

7,880

213

-

-

-

-

-

-

-

-

-

-

-

-

Cash flow used in investing activities

-59,170

-31,223

-47,021

-20,025

-8,127

-47,027

-77,627

-10,552

-94,251

-46,972

-89,203

-24,475

-31,059

-1,152

-3,951

27,087

5,900

16,139

-140,642

-26,948

-2,015

-123,230

-83,656

-40,201

-60,250

-24,163

-13,697

-109

-270

-15,936

-489

-111

-392

-17,765

-807

-216

0

Cash flows from financing activities:
(Increase) decrease in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,249

-236

1,602

-1,917

995

107

1,022

-129

2,172

-428

1,683

46

220

-320

26

-123

211

-221

132

-147

404

-581

0

Proceeds (payments) from issuance of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

7

-139

-58

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from unsecured credit facility and term loans

65,501

72,999

57,000

40,060

64,000

231,000

70,000

9,000

90,000

51,500

85,000

41,190

22,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Secured Credit Facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

53,477

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Credit facility repayments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

29,784

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unsecured credit facility repayments

-

43,000

31,500

21,000

58,000

176,262

18,000

0

4,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage principal repayments

1,843

937

1,360

1,080

907

789

836

830

736

685

678

656

635

556

303

187

44,042

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for deferred financing costs

50

-

-

-

-

-

-

-

-

-

-

-

-

35

1

1,262

187

-358

7,991

188

177

-

-

-

-

316

0

0

102

-

-

-

-

-

-

-

-

Proceeds from issuance of preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-1

101

-

0

0

0

Proceeds from issuance of common stock

49,764

2,255

12,694

723

5,309

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

62,984

-

31,254

105

102

178

45

-30

3,000

-

0

0

0

Financing commitment fee

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-10

3

-

0

263

0

Distributions on common stock

16,493

16,302

16,127

16,108

16,208

15,949

15,689

15,593

5,245

15,025

12,392

12,389

12,498

11,080

8,497

8,492

8,506

7,937

5,725

5,722

5,719

4,997

4,154

3,188

2,639

1,544

1,102

283

50

48

49

49

3

3

2

0

0

Distributions to noncontrolling interests

160

158

159

159

164

159

227

91

181

546

537

516

520

525

529

531

555

502

227

227

231

-

-

-

-

0

132

807

866

653

795

796

760

605

412

0

0

Repurchase of shares related to equity award tax withholding

1,490

-

-

-

-

-

-

-

-

4

-193

279

479

-

6

0

137

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash flow provided by (used in) financing activities

95,229

14,465

20,471

817

-5,970

35,947

53,972

-7,404

79,838

35,530

77,012

5,184

7,868

33,765

-9,336

-32,350

-29,734

-8,535

144,362

24,619

-2,167

97,980

105,775

20,388

78,899

8,679

26,305

-1,046

-916

13,208

-799

-874

2,335

16,917

-414

987

0

Net change in cash and cash equivalents, and restricted cash

47,743

-1,114

-3,293

2,688

107

135

-2,037

1,903

1,425

-2,174

4,832

-3,679

-10,770

-8,250

1,196

6,127

-16,377

21,362

-4,629

2,484

4,321

-20,023

26,732

-16,581

21,301

-13,192

14,278

-480

195

-1,085

-322

-274

3,107

-103

-434

1,492

-57

Supplemental cash flow information:
Cash paid for interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,751

4,739

4,416

4,199

3,148

2,495

2,173

1,354

904

889

879

873

-

-

-

-

-

-

-

-

Supplemental disclosure of noncash investing and financing activities:
Mortgage debt assumed

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

66,963

-

-

-

-

-

-

-

-

-

-

-

-