Jernigan capital, inc. (JCAP)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15
Cash flows from operating activities:
Net Income (loss)

-54,782

-

-

-

12,114

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income

-

-

-

-

-

22,251

15,964

10,797

5,354

3,125

4,457

5,194

1,783

4,489

4,994

5,412

1,122

-831

-1,407

-558

-147

Adjustments to reconcile net income (loss) to net cash used in operating activities:
Interest capitalized on outstanding loans

6,104

6,815

7,456

7,681

6,932

6,875

6,529

5,397

4,013

3,053

2,408

1,638

1,476

1,221

1,113

792

730

-

-

-

-

Interest capitalized on outstanding loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-534

-348

-91

0

Net unrealized gain on investments

-10,962

-

-

12,043

8,830

-

-

8,623

4,320

-

3,384

4,289

1,393

-

4,867

5,527

3,791

216

85

571

0

Stock-based compensation

607

459

580

750

359

329

416

808

376

272

296

435

292

252

341

312

175

138

133

34

0

Equity in (earnings) losses from unconsolidated self-storage real estate venture

-168

157

162

83

154

56

437

432

548

514

727

593

419

400

406

418

0

-

-

-

-

Return on investment from unconsolidated self-storage real estate venture

-94

-115

-140

-136

-52

-258

-137

-261

-201

-188

-183

-137

-192

-

-

0

0

-

-

-

-

Deferred termination fee to Manager

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

82

157

156

158

150

0

Depreciation and amortization

3,602

2,725

1,389

1,105

1,043

996

869

905

719

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

187

53

38

-

39

17

18

16

5

0

0

Amortization of deferred financing costs

598

541

515

463

462

251

245

204

177

198

164

9

2

13

3

0

0

-

-

-

-

Internalization - settlement of preexisting contractual relationship

37,400

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill impairment loss

4,700

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of origination fees

265

302

326

284

257

393

252

181

160

167

163

146

153

272

188

242

38

100

-3

3

0

Unrealized gain on mark-to-market interest rate cap

5

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Prepaid expenses and other assets

276

530

561

714

71

582

342

90

81

15

-410

439

-70

-

-

-

-

-

-

-

-

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

174

196

-20

118

0

Due to Manager

-3,165

415

296

187

-1,068

1,025

422

482

-79

46

411

188

-169

461

-89

-38

-24

182

-182

551

147

Accounts payable, accrued expenses, and other liabilities

690

-197

-482

451

311

-55

163

-104

255

369

29

-11

108

-99

-37

-1,758

1,783

116

471

206

0

Net cash used in operating activities

-5,785

-4,825

-3,026

-2,812

-2,971

-1,793

-1,023

-1,370

-2,119

-1,033

-313

-1,100

-1,125

-

-

-

-

-

-

-

-

Net cash provided by (used in) operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,004

-1,502

-1,372

-1,267

-400

0

Cash flows from investing activities:
Purchase of corporate fixed assets

14

9

7

21

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of corporate fixed assets

-

-

-

-

-

-

-

-

6

-

-

-

-

39

8

2

1

97

218

0

0

Purchase of self-storage real estate owned

26,630

122

7,711

0

2,636

3,708

3,588

302

8,785

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of self-storage real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

1,270

-

-

-

-

-

-

-

-

Capital additions to self-storage real estate owned

241

811

287

687

335

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital contributions to unconsolidated self-storage real estate venture

166

209

326

141

216

454

380

822

831

1,247

1,594

1,848

1,324

789

1,348

0

0

-

-

-

-

Return of capital from unconsolidated self-storage real estate venture

4,683

0

1,727

0

2,106

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Advances to unconsolidated self-storage real estate venture

-

10

49

370

12,304

2,031

2,379

5,316

6,516

9,571

13,344

15,917

11,564

6,532

11,043

718

0

-

-

-

-

Repayment of advances to unconsolidated self-storage real estate venture

-355

-38

-61

-402

-12,310

-2,529

-3,502

-6,223

-6,791

-9,861

-17,222

-14,677

-7,719

-4,237

-11,761

0

0

-

-

-

-

Capitalized unconsolidated real estate venture costs

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

226

0

0

0

0

Origination fees received in cash

-

-93

-218

-679

-217

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Origination fees received in cash

-

-

-

-

-

-

-

-

1,167

-

417

1,551

1,129

236

176

29

0

-

-

-

-

Development property and bridge investments

8,573

26,730

47,877

51,952

29,548

50,066

37,549

54,243

116,746

41,072

33,480

44,342

33,787

8,837

14,076

11,630

10,551

12,723

9,136

18,848

0

Operating property loans

-

-

-

-

-

-

-

-

-

-

-

-

-

183

4

77

165

13,600

6,604

2,800

0

Funding of other loans

-

298

0

0

185

-237

4,121

393

325

357

1,207

788

8,152

6,781

5,373

3,368

456

1,191

0

0

0

Repayments of investment portfolio investments

-

1

0

19

342

16,136

13,654

3,254

3

4,767

10,507

5,379

6,860

9,537

0

5,500

0

-

-

-

-

Repayments of other loans

4,196

2

2

201

2

1

639

116

418

659

5,969

7,625

5,079

1,234

4,041

94

0

-

-

-

-

Net cash used in investing activities

-26,390

-28,055

-54,249

-51,870

-30,248

-39,158

-29,827

-51,015

-124,830

-35,494

-18,374

-32,428

-35,310

-

-

-

-

-

-

-

-

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-10,201

-11,399

-21,592

-15,958

-21,648

0

Cash flows from financing activities:
Cash received from Credit Facility, net of issuance costs

32,164

36,541

61,915

35,553

26,793

-3,338

-90

4,532

29,901

-

-

-

-

-

-

-

-

-

-

-

-

Cash received from term loans, net of issuance costs

-

-5

6,971

-45

9,069

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings on senior loan participations

-

-

-

-

-

-

-

-

-

-

-

-

717

-

-

-

-

-

-

-

-

Senior loan participations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,501

5,049

0

-

-

-

-

Deferred financing costs

-

-

-

-

-

-

-

-

185

-

1

-75

87

-465

2,510

312

0

-

-

-

-

Stock repurchase

36

1

-1

396

73

0

19

274

40

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from issuance of common stock

15,116

3,477

1,902

29,991

2,752

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

Costs related to the future issuance of common stock

-

-

-

-

-

-

-

-

-

-

0

-4

7

-

-

-

-

-

-

-

-

Dividends paid on preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

Dividends paid on common stock

7,936

7,783

7,753

7,205

7,150

6,777

6,739

5,056

5,051

4,983

4,983

3,149

3,134

2,087

2,087

2,157

2,157

-

-

-

-

Net cash provided by financing activities

36,238

29,197

60,067

54,991

28,364

7,042

30,143

80,478

95,210

28,505

-26,843

105,805

-2,686

-

-

-

-

-

-

-

-

Net change in cash and cash equivalents

4,063

-3,683

2,792

309

-4,855

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid on common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,157

2,139

0

0

Net cash provided by (used in) financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-572

-2,157

-2,157

-2,239

110,491

0

Net change in cash and cash equivalents

-

-

-

-

-

-

-

-

-31,739

-

-45,530

72,277

-39,121

54,364

-2,015

-13,777

-15,058

-25,121

-19,464

88,443

0

Dividends declared

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,139

0

Contribution of assets to real estate venture

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Series A Preferred Stock [Member]
Net proceeds (offering costs) from issuance of preferred stock

-

-

-

-

-

-1

14,969

34,987

34,976

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid on preferred stock

2,382

2,344

2,281

2,219

2,236

1,977

1,767

909

379

-

-

-

-

-

-

-

-

-

-

-

-

Series B Preferred Stock [Member]
Net proceeds (offering costs) from issuance of preferred stock

-

0

0

0

-103

-23

-38

1,475

35,988

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid on preferred stock

688

688

688

688

688

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-