Kilroy realty corporation (KRC)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income

215,229

277,926

180,615

303,798

238,604

183,808

44,565

277,101

67,489

19,886

38,015

46,911

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of real estate assets and leasing costs

268,045

249,882

241,862

213,156

201,482

202,108

199,558

168,687

135,467

102,898

86,825

82,491

Depreciation of non-real estate furniture, fixtures and equipment

5,085

4,400

4,024

4,078

2,812

2,370

1,929

1,213

1,130

911

827

784

Revenue reversals (recoveries) for doubtful accounts

-3,433

5,685

3,269

0

545

58

396

-42

644

-1,063

569

4,051

Non-cash amortization of share-based compensation awards

27,007

27,932

19,046

21,064

15,537

12,095

8,616

7,670

4,482

6,031

12,253

15,185

Non-cash amortization of deferred financing costs and debt discounts and premiums

1,427

1,084

3,247

2,720

1,853

4,315

5,315

8,433

13,540

12,490

10,171

8,146

Non-cash amortization of net below market rents

-9,206

-9,748

-8,528

-7,166

-8,449

-8,328

-7,777

-6,699

1,056

1,377

-359

-633

Gain (Loss) on Disposition of Property Plant Equipment

36,800

142,900

39,500

164,302

109,950

0

0

-

-

-

-

-

Non-cash amortization of deferred revenue related to tenant-funded tenant improvements

19,190

18,429

16,767

13,244

13,338

10,979

10,713

9,136

9,349

9,689

9,757

-11,310

Straight-line rents

72,023

26,976

33,275

29,629

44,383

31,782

24,135

21,530

21,331

13,616

6,911

3,237

Amortization of right of use ground lease assets (Note 2)

683

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Extinguishment of Debt

0

-12,623

-5,312

0

0

-

-

-

-

-4,564

4,909

-

Gains on sales of discontinued operations

-

-

-

-

-

121,922

12,252

259,245

51,587

949

2,485

234

(Gain) loss on sale of land (Note 4)

0

11,825

449

-295

17,116

3,490

0

0

-

-

-

-

Other, net

-

-

-

-

-

-

-

-

-

-

-

-634

Marketable securities

-

-

-

-

-

-

-

-

-

-

-

1,181

Current receivables

-

-

-

-

-

-

-

-

-

-

-

1,537

Net change in other operating assets

14,476

7,930

17,732

5,214

8,085

-367

4,615

1,297

5,434

9,065

1,863

-

Net change in other operating liabilities

24,175

48,345

5,895

19,498

12,496

16,633

40,137

17,320

2,779

5,509

2,589

-

Insurance proceeds received for property damage and other, net

-

-

-

-

-

-

-448

-1,751

-630

543

0

-

Other deferred leasing costs

-

-

-

-

-

-

-

-

-

-

-

16

Prepaid expenses and other assets

-

-

-

-

-

-

-

-

-

-

-

628

Accounts payable, accrued expenses and other liabilities

-

-

-

-

-

-

-

-

-

-

-

-836

Deferred revenue

-

-

-

-

-

-

-

-

-

-

-

6,252

Rents received in advance and tenant security deposits

-

-

-

-

-

-

-

-

-

-

-

907

Net cash provided by operating activities

386,521

410,043

347,012

345,054

272,008

245,253

240,576

180,724

138,256

119,827

124,965

144,481

CASH FLOWS FROM INVESTING ACTIVITIES:
Expenditures for development properties and undeveloped land

845,464

489,236

397,440

351,012

407,969

417,784

320,141

83,310

28,517

21,832

18,633

69,774

Expenditures for acquisitions of development properties and undeveloped land (Note 3)

173,291

311,299

19,829

33,513

148,352

147,182

102,769

333,942

0

0

-

-

Expenditures for acquisitions of operating properties (Note 3)

186,258

257,340

0

393,767

0

204,546

202,682

454,841

603,301

637,620

0

-

Expenditures for operating properties and other capital assets

147,687

166,440

88,425

111,961

99,557

132,080

129,873

86,377

62,739

71,099

35,532

24,980

Net proceeds received from dispositions (Note 4)

124,421

364,300

182,492

325,031

319,639

427,544

21,178

263,572

64,171

14,978

4,933

275

Decrease (increase) in acquisition-related deposits

0

36,000

35,900

-1,902

-1,998

1,983

2,596

-5,000

5,000

0

0

-

Insurance proceeds received for property damage

-

-

-

-

-

-

448

1,751

0

0

-

-

Proceeds received from repayment of note receivable

0

15,100

0

0

-

-

-

-

-

-

-

-

Issuance of notes receivable

-

-

-

16,100

3,000

0

0

-

-

-

-

-

Insurance proceeds received for property casualty loss

-

-

-

-

-

-

-

-

-

-

-

634

Net decrease (increase) in restricted cash

-

-

-

-

-

25,405

-229,915

18,359

-1,103

-3,120

1,387

126

Receipt of principal payments on note receivable

-

-

-

-

-

-

-

-

-

10,679

145

146

Net cash used in investing activities

-1,228,279

-808,915

-359,102

-579,420

-337,241

-501,436

-506,520

-706,506

-634,283

-701,774

-50,474

-93,825

CASH FLOWS FROM FINANCING ACTIVITIES:
Net proceeds from issuance of common units (Note 14)

353,722

130,693

326,058

31,117

387,398

102,229

349,951

672,102

233,312

299,847

191,672

-

Redemption of Series G and H Preferred units (Note 14)

0

0

200,000

0

0

-

-

-

-

0

-

-

Net proceeds from issuance of Series G and Series H preferred stock (Note 10)

-

-

-

-

-

-

-

192,411

0

0

-

-

Net proceeds from the issuance of unsecured debt (Note 9)

499,390

648,537

674,447

0

397,776

395,528

299,901

150,000

324,476

572,672

0

-

Repayments of unsecured debt (Note 9)

0

261,823

519,024

0

325,000

83,000

-

-

-

61,000

0

-

Borrowings on unsecured revolving credit facility (Note 3)

1,110,000

765,000

270,000

305,000

250,000

505,000

55,000

704,000

550,000

660,000

142,000

163,500

Repayments on unsecured revolving credit facility (Note 3)

910,000

690,000

270,000

305,000

390,000

410,000

195,000

701,000

527,000

598,000

297,000

22,500

Repurchase of exchangeable senior notes (Note 7)

-

-

-

-

-

-

-

-

-

151,097

-

-

Repayments of exchangeable senior notes

-

-

-

-

-

172,500

0

148,000

0

0

150,390

-

Borrowings on unsecured debt (Note 9)

0

120,000

0

0

-

39,000

-

-

-

-

-

-

Principal payments and repayments of secured debt (Note 3)

76,309

3,584

130,371

74,140

159,766

9,845

93,688

106,262

127,665

103,247

21,766

82,932

Proceeds from the issuance of secured debt

-

-

-

170,000

0

0

-

97,000

135,000

71,000

0

-

Proceeds from issuance of exchangeable senior notes (Note 7)

-

-

-

-

-

-

-

-

-

-

172,500

-

Cost of capped call options on common stock (Note 7)

-

-

-

-

-

-

-

-

-

-

12,127

-

Financing costs

6,678

6,262

11,500

2,159

4,814

8,648

4,384

7,963

9,060

14,912

9,325

857

Decrease in loan deposits and other

-

-

-

-

-

-

-

-

-2,859

605

0

-

Repurchase of common stock and restricted stock units

14,556

16,553

12,986

8,875

7,081

3,533

2,520

1,661

1,152

3,417

2,725

14,798

Proceeds from exercise of stock options

703

41

12,179

12,208

14,573

21,092

128

129

395

83

0

21

Contributions from noncontrolling interests in consolidated property partnerships (Note 12)

0

8,273

54,604

453,449

474

977

-

-

-

-

-

-

Distributions to noncontrolling interests in consolidated property partnerships

12,952

11,803

16,542

3,615

0

0

-

-

-

-

-

-

Dividends and distributions paid to common stockholders and common unitholders

196,252

179,411

340,697

137,444

126,839

118,463

111,517

97,386

80,005

69,224

71,804

80,073

Distributions paid to preferred unitholders

0

0

7,409

13,250

13,250

13,250

13,250

14,165

15,196

15,196

15,196

15,196

Net cash provided by (used in) financing activities

747,068

503,108

-171,241

427,291

23,471

244,587

284,621

537,705

485,964

586,904

-74,161

-52,835

Net increase (decrease) in cash and cash equivalents and restricted cash

-94,690

104,236

-183,331

192,925

-41,762

-11,596

18,677

11,923

-10,063

4,957

330

-2,179

Cash paid for interest, net of capitalized interest of $50,923, $44,385, and $32,742 as of December 31, 2015, 2014 and 2013, respectively

-

-

-

-

-

-

65,157

71,633

68,280

45,986

36,808

37,638

Accrual for expenditures for operating properties and development and redevelopment properties

-

-

-

-

-

-

73,482

54,198

14,301

19,563

11,222

8,055

Tenant improvements funded directly by tenants to third parties

-

-

-

-

-

-

7,633

17,719

3,288

4,758

1,480

22,749

Assumption of secured debt with property acquisition (Note 8)

-

-

-

-

-

-

95,496

221,032

30,042

51,079

-

-

Assumption of other assets and liabilities in connection with operating and development property acquisitions, net (Note 3)

-

-

-

-

-

-

1,811

37,535

4,515

10,840

-

-

Release of Holdback Funds to Third Party

-

-

-

-

-

-

0

-

-

-

-

-

Contribution of land, net of related liabilities, by noncontrolling interest to consolidated subsidiary

-

-

-

-

-

-

4,885

0

0

-

-

-

Accrual of dividends and distributions payable to common stockholders and common unitholders (Note 11)

-

-

-

-

-

-

29,378

26,863

21,188

18,925

15,705

20,211

Accrual of dividends and distributions payable to preferred stockholders and preferred unitholders (Note 11)

-

-

-

-

-

-

1,694

1,694

1,909

1,909

1,909

1,909

Fair value of share-based compensation awards at equity classification date (Note 10)

-

-

-

-

-

-

-

31,396

7,797

-

-

-

Issuance of common units in the Operating Partnership in connection with an operating property acquisition (Note 3)

-

-

-

-

-

-

-

5,604

0

0

-

-

Exchange of common units of the Operating Partnership into shares of the Companys common stock (Note 11)

-

-

-

-

-

-

450

231

91

0

516

7,161

Issuance of share-based compensation awards, net (Note 9)

-

-

-

-

-

-

-

-

-

5,910

18,001

10,059

Accrual of public facility bond obligation (Note 7)

-

-

-

-

-

-

-

-

-

-

-

3,476

Kilroy Realty L.P. [Member]
Net income

215,229

277,926

180,615

303,798

-

-

-

-

-

-

-

-

Depreciation and amortization of real estate assets and leasing costs

268,045

249,882

241,862

213,156

-

-

-

-

-

-

-

-

Depreciation of non-real estate furniture, fixtures and equipment

5,085

4,400

4,024

4,078

-

-

-

-

-

-

-

-

Revenue reversals (recoveries) for doubtful accounts

-3,433

5,685

3,269

-

-

-

-

-

-

-

-

-

Provision for Doubtful Accounts

-

-

-

0

-

-

-

-

-

-

-

-

Non-cash amortization of share-based compensation awards

27,007

27,932

19,046

21,064

-

-

-

-

-

-

-

-

Non-cash amortization of deferred financing costs and debt discounts and premiums

1,427

1,084

3,247

2,720

-

-

-

-

-

-

-

-

Non-cash amortization of net below market rents

-9,206

-9,748

-8,528

-7,166

-

-

-

-

-

-

-

-

Gain (Loss) on Disposition of Property Plant Equipment

36,802

142,926

39,507

164,302

-

-

-

-

-

-

-

-

Non-cash amortization of deferred revenue related to tenant-funded tenant improvements

19,190

18,429

16,767

13,244

-

-

-

-

-

-

-

-

Straight-line rents

72,023

26,976

33,275

29,629

-

-

-

-

-

-

-

-

Amortization of right of use ground lease assets (Note 2)

683

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Extinguishment of Debt

0

-12,623

-5,312

0

-

-

-

-

-

-

-

-

(Gain) loss on sale of land (Note 4)

0

11,825

449

-295

-

-

-

-

-

-

-

-

Net change in other operating assets

14,476

7,930

17,732

5,214

-

-

-

-

-

-

-

-

Net change in other operating liabilities

24,175

48,345

5,895

19,498

-

-

-

-

-

-

-

-

Net cash provided by operating activities

386,521

410,043

347,012

345,054

-

-

-

-

-

-

-

-

Expenditures for development properties and undeveloped land

845,464

489,236

397,440

351,012

-

-

-

-

-

-

-

-

Expenditures for acquisitions of development properties and undeveloped land (Note 3)

173,291

311,299

19,829

33,513

-

-

-

-

-

-

-

-

Expenditures for acquisitions of operating properties (Note 3)

186,258

257,340

0

393,767

-

-

-

-

-

-

-

-

Expenditures for operating properties and other capital assets

147,687

166,440

88,425

111,961

-

-

-

-

-

-

-

-

Net proceeds received from dispositions (Note 4)

124,421

364,300

182,492

325,031

-

-

-

-

-

-

-

-

Decrease (increase) in acquisition-related deposits

0

-

35,900

-

-

-

-

-

-

-

-

-

Decrease (increase) in acquisition-related deposits

-

36,000

-

-

-

-

-

-

-

-

-

-

Net decrease in acquisition-related deposits

-

-

-

-1,902

-

-

-

-

-

-

-

-

Proceeds received from repayment of note receivable

0

15,100

0

0

-

-

-

-

-

-

-

-

Issuance of notes receivable

-

-

-

16,100

-

-

-

-

-

-

-

-

Net cash used in investing activities

-1,228,279

-808,915

-359,102

-579,420

-

-

-

-

-

-

-

-

Net proceeds from issuance of common units (Note 14)

353,722

130,693

326,058

31,117

-

-

-

-

-

-

-

-

Redemption of Series G and H Preferred units (Note 14)

0

0

200,000

0

-

-

-

-

-

-

-

-

Net proceeds from the issuance of unsecured debt (Note 9)

499,390

648,537

674,447

0

-

-

-

-

-

-

-

-

Repayments of unsecured debt (Note 9)

0

261,823

519,024

0

-

-

-

-

-

-

-

-

Borrowings on unsecured revolving credit facility (Note 3)

1,110,000

765,000

270,000

305,000

-

-

-

-

-

-

-

-

Repayments on unsecured revolving credit facility (Note 3)

910,000

690,000

270,000

305,000

-

-

-

-

-

-

-

-

Borrowings on unsecured debt (Note 9)

0

120,000

0

0

-

-

-

-

-

-

-

-

Principal payments and repayments of secured debt (Note 3)

76,309

3,584

130,371

74,140

-

-

-

-

-

-

-

-

Proceeds from the issuance of secured debt

-

-

-

170,000

-

-

-

-

-

-

-

-

Financing costs

6,678

6,262

11,500

2,159

-

-

-

-

-

-

-

-

Repurchase of common stock and restricted stock units

14,556

16,553

12,986

8,875

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

703

41

12,179

12,208

-

-

-

-

-

-

-

-

Contributions from noncontrolling interests in consolidated property partnerships (Note 12)

0

8,273

54,604

453,449

-

-

-

-

-

-

-

-

Distributions to noncontrolling interests in consolidated property partnerships

12,952

11,803

16,542

3,615

-

-

-

-

-

-

-

-

Dividends and distributions paid to common stockholders and common unitholders

196,252

179,411

340,697

137,444

-

-

-

-

-

-

-

-

Distributions paid to preferred unitholders

0

0

7,409

13,250

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

747,068

503,108

-171,241

427,291

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents and restricted cash

-94,690

104,236

-183,331

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents and restricted cash

-

-

-

192,925

-

-

-

-

-

-

-

-