Kite realty group trust (KRG)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Consolidated net income

-2

-46,451

13,888

3,116

29,315

-4,676

-3,535

-3,705

4,984

-9,186

-1,178

Adjustments to reconcile consolidated net income to net cash provided by operating activities:
Non-cash loss on impairment of real estate asset

-

-

-

-

-

-

-

-

-

-

5,384

Non-cash gain from consolidation of subsidiary

-

-

-

-

-

-

-

-

-

-

1,634

Equity in (earnings) loss of unconsolidated entities

-

-

-

-

-

-

-

-

-

-51

226

(Gain) loss on sale of operating property, net of tax

-

-

-

-

-

-

-

-

-397

-

-

Loss on debt extinguishment

-11,572

0

0

-1,429

5,645

0

-

-

-

-

-

Loss on debt extinguishment

-

-

-

-

0

0

1,242

-

-

-

-

Straight-line rent

2,158

3,060

4,696

5,459

5,638

4,744

3,496

2,362

2,690

547

1,591

Depreciation and amortization

134,860

156,107

174,625

179,084

170,521

123,862

57,757

43,769

38,655

42,564

34,003

Remeasurement loss on consolidation of Parkside Town Commons, net

-

-

-

-

-

-

-

-7,980

-

-

-

Gain on sale of operating properties

38,971

3,424

15,160

4,253

4,066

11,776

487

7,094

4,320

-

-

Impairment charge

37,723

70,360

7,411

0

1,592

0

5,372

-

-

-

-

Provision for credit losses, net of recoveries

-

-

-

2,771

4,331

1,740

922

859

1,364

1,443

2,104

Compensation expense for equity awards

5,375

4,869

5,988

5,214

4,580

2,914

1,932

602

519

488

526

Amortization of debt fair value adjustment

-1,467

-2,630

-2,913

-4,412

-5,834

-3,468

-127

-118

-430

-430

-430

Amortization of in-place lease liabilities

-3,776

-6,360

-3,677

-6,863

-3,347

-4,521

-2,674

-1,986

-2,460

-2,822

-3,120

Non-cash gain from release of assumed earnout liability

-

-

-

-

4,832

0

0

-

-

-

-

Distributions of income from unconsolidated entities

-

-

-

-

-

-

-

91

4,432

-

-

Changes in assets and liabilities:
Tenant receivables

-3,170

642

3,442

512

1,510

10,044

1,690

508

-524

539

566

Deferred costs and other assets

6,265

13,396

11,569

13,080

6,646

5,355

9,062

7,066

11,930

-421

2,309

Accounts payable, accrued expenses, deferred revenue, and other liabilities

-2,099

-990

-5,832

-387

-903

-41,375

8,688

-7,190

3,179

-1,178

-10,116

Payments on assumed earnout liability

-

-

-

-1,286

-2,581

0

0

-

-

-

-

Net cash provided by operating activities

137,962

154,383

154,623

155,362

169,337

42,557

52,358

23,272

32,226

30,265

20,991

Cash flow from investing activities:
Acquisitions of interests in properties

58,205

0

0

-

166,411

22,506

407,215

65,909

16,368

-

-

Capital expenditures, net

53,278

59,304

72,433

94,611

92,564

94,553

112,581

114,153

63,559

39,032

36,806

Proceeds from Sale of Real Estate Held-for-investment

529,417

218,387

76,075

-

-

-

-

-

-

-

-

Net proceeds from sales of operating properties

-

-

-

14,187

170,016

191,126

7,293

87,385

1,483

-

-

Net proceeds from sales of marketable securities acquired from Merger

-

-

-

-

-

18,601

0

-

-

-

-

Net cash received from Merger

-

-

-

-

-

108,666

0

-

-

-

247

Change in construction payables

542

777

4,276

3,024

-4,562

14,950

2,396

-20,830

-297

-2,392

5,036

Collection of note receivable

-

-

-

500

0

542

0

-

-125

-687

1,375

Payments on seller earnouts

-

-

-

-

-

-

-

-

-

-

-167

Capital contribution to unconsolidated joint venture

798

9,973

1,400

0

0

-

-

150

8,518

445

12,044

Distributions of capital from unconsolidated entities

-

-

-

-

-

-

-

372

-

-

145

Net cash used in investing activities

416,594

148,333

-2,034

-82,948

-84,397

186,926

-514,899

-71,625

-86,539

-36,397

-54,847

Cash flow from financing activities:
Proceeds from issuance of common shares, net

350

76

28

4,402

0

0

314,771

63,038

-252

39

87,537

Payments for redemption of preferred shares

-

-

-

-

102,500

0

0

-

-

-

-

Repurchases of common shares upon the vesting of restricted shares

533

350

835

1,125

1,002

378

261

-

-

-

-

Offering costs

-

-

-

-

-

1,966

0

-

-

-

-

Common share issuance proceeds, net of costs

-

-

-

-

-

-

-

31,320

-

67,482

-

Purchase of redeemable noncontrolling interests

-

-

-

-

33,998

0

0

-

-

-

-

Acquisition of partner's interest in Fishers Station operating property

0

0

3,750

-

-

-

-

-

-

-

-

Loan proceeds

75,000

399,500

97,700

-

-

-

-

-

-

-

-

Acquisition of noncontrolling interests in Rangeline Crossing

-

-

-

-

-

-

-

-

1,697

-

-

Loan proceeds

-

-

-

608,301

984,303

146,495

528,590

308,955

211,528

58,726

93,536

Loan transaction costs

0

5,208

357

8,085

4,913

4,270

2,138

2,234

4,370

989

981

Repayments of Long-term Debt

470,515

551,379

128,800

594,079

835,019

285,244

342,033

322,647

132,901

105,663

112,472

Debt extinguishment costs

14,455

0

0

1,429

0

0

-

-

-

-

-

Distributions paid – common shareholders/unitholders

133,258

106,316

101,128

94,669

89,379

46,656

20,594

15,440

15,246

15,546

19,746

Distributions paid preferred shareholders

-

-

-

-

8,582

8,456

8,456

7,696

5,694

-

-

Distributions paid – redeemable noncontrolling interests

3,838

3,716

3,922

-

-

-

-

-

-

-

-

Acquisition of partners' interests in Territory joint venture

0

21,993

8,261

0

0

-

-

-

-

-

-

Net cash provided by financing activities

-547,249

-289,386

-149,325

-90,859

-94,886

-203,791

468,192

50,793

48,959

1,567

43,896

Increase (decrease) in cash, cash equivalents, and restricted cash

7,307

13,330

3,264

-18,445

-9,946

25,692

5,651

2,440

-5,352

-4,563

10,040

Supplemental disclosures
Cash paid for interest, net of capitalized interest

60,534

67,998

68,819

67,172

61,306

48,526

31,577

24,789

24,286

26,661

25,830

Cash paid for taxes

-

-

-

545

281

87

45

150

77

298

110

KRG, LP
Consolidated net income

-2

-46,451

13,888

3,116

-

-

-

-

-

-

-

Depreciation and amortization

134,860

156,107

174,625

179,084

-

-

-

-

-

-

-

Gain on sale of operating properties

38,971

3,424

15,160

4,253

-

-

-

-

-

-

-

Impairment charge

37,723

70,360

7,411

0

-

-

-

-

-

-

-

Compensation expense for equity awards

5,375

4,869

5,988

5,214

-

-

-

-

-

-

-

Amortization of debt fair value adjustment

-1,467

-2,630

-2,913

-4,412

-

-

-

-

-

-

-

Amortization of in-place lease liabilities

-3,776

-6,360

-3,677

-6,863

-

-

-

-

-

-

-

Tenant receivables

-3,170

642

3,442

512

-

-

-

-

-

-

-

Deferred costs and other assets

6,265

13,396

11,569

13,080

-

-

-

-

-

-

-

Accounts payable, accrued expenses, deferred revenue, and other liabilities

-2,099

-990

-5,832

-387

-

-

-

-

-

-

-

Net cash provided by operating activities

137,962

154,383

154,623

155,362

-

-

-

-

-

-

-

Acquisitions of interests in properties

58,205

0

0

-

-

-

-

-

-

-

-

Net proceeds from sales of operating properties

-

-

-

14,187

-

-

-

-

-

-

-

Net cash used in investing activities

416,594

148,333

-2,034

-82,948

-

-

-

-

-

-

-

Proceeds from issuance of common shares, net

350

76

28

4,402

-

-

-

-

-

-

-

Repurchases of common shares upon the vesting of restricted shares

533

350

835

1,125

-

-

-

-

-

-

-

Loan proceeds

75,000

399,500

97,700

608,301

-

-

-

-

-

-

-

Repayments of Long-term Debt

470,515

551,379

128,800

594,079

-

-

-

-

-

-

-

Distributions paid – common shareholders/unitholders

133,258

106,316

101,128

94,669

-

-

-

-

-

-

-

Distributions paid – redeemable noncontrolling interests

3,838

3,716

3,922

-

-

-

-

-

-

-

-

Net cash provided by financing activities

-547,249

-289,386

-149,325

-90,859

-

-

-

-

-

-

-

Net change in cash, cash equivalents, and restricted cash

7,307

13,330

3,264

-18,445

-

-

-

-

-

-

-

Kite Realty Group, LP
Loss on debt extinguishment

-11,572

0

0

-1,429

-

-

-

-

-

-

-

Straight-line rent

2,158

3,060

4,696

5,459

-

-

-

-

-

-

-

Provision for credit losses, net of recoveries

-

-

-

2,771

-

-

-

-

-

-

-

Payments on assumed earnout liability

-

-

-

-1,286

-

-

-

-

-

-

-

Capital expenditures, net

53,278

59,304

72,433

94,611

-

-

-

-

-

-

-

Proceeds from Sale of Real Estate Held-for-investment

529,417

218,387

76,075

-

-

-

-

-

-

-

-

Change in construction payables

542

777

4,276

3,024

-

-

-

-

-

-

-

Collection of note receivable

-

-

-

500

-

-

-

-

-

-

-

Capital contribution to unconsolidated joint venture

798

9,973

1,400

0

-

-

-

-

-

-

-

Acquisition of partner's interest in Fishers Station operating property

0

0

3,750

-

-

-

-

-

-

-

-

Loan transaction costs

0

5,208

357

8,085

-

-

-

-

-

-

-

Debt extinguishment costs

14,455

0

0

1,429

-

-

-

-

-

-

-

Acquisition of partners' interests in Territory joint venture

0

21,993

8,261

0

-

-

-

-

-

-

-

Cash paid for interest, net of capitalized interest

60,534

67,998

68,819

67,172

-

-

-

-

-

-

-

Cash paid for taxes

-

-

-

545

-

-

-

-

-

-

-

Noncontrolling Interests in Properties
Payments for Purchase of Noncontrolling Interest

-

-

-

0

-

-

-

-

-

-

-

Distributions to noncontrolling interests

-

-

-

251

-

-

-

-

-

-

-

Redeemable Noncontrolling Interests
Distributions to noncontrolling interests

-

-

-

3,924

-

-

-

-

-

-

-

Acquisition of partners' interests in Territory joint venture

-

-

-

0

-

-

-

-

-

-

-