Kite Realty Group Trust KRG Cash Flow

Kite realty group trust (KRG)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash flows from operating activities:
Consolidated net income
130	15,824	-20,117	-1,697	5,988	-31,709	4,317	-1,062	-17,997	2,795	-203	10,859	437	3,901	-1,262	-1,498	1,975	11,257	2,962	7,234	7,862	8,028	-13,979	-3,196	4,471	421	1,241	-7,254	2,057	-5,237	-1,236	-874	3,643	4,915	742	104	-777
Adjustments to reconcile consolidated net income to net cash provided by operating activities:
Straight-line rent
-2,546	-	-	-	663	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity in (earnings) loss of unconsolidated entities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	239	92	-87
(Gain) loss on sale of operating property, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-65	93	5,151	-	-	-	-
Straight-line rent
-	-	-	-	-	738	760	611	951	1,103	1,173	1,099	1,321	1,141	1,476	1,399	1,443	1,230	1,599	1,530	1,279	1,393	1,598	708	1,045	957	852	1,078	609	589	501	548	722	-	-	-	-
Depreciation and amortization
32,051	31,399	32,600	35,558	35,303	38,022	37,520	41,349	39,216	41,419	43,457	43,377	46,372	43,715	47,656	44,638	43,075	43,941	43,294	41,950	41,336	40,390	45,236	20,275	17,961	14,444	16,270	14,690	12,353	10,373	11,687	11,432	10,275	9,681	9,315	10,193	9,465
Gain on sale of operating properties
1,043	14,006	-5,714	24,092	6,587	-4,905	0	7,829	500	0	0	6,290	8,870	4,059	0	194	0	703	0	0	3,363	2,241	2,847	0	6,688	-	-	-	-	-	-	-	-	-	-	-	-
Impairment charge
0	0	8,539	25,107	4,077	31,513	0	14,777	24,070	0	0	0	7,411	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Litigation charge
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,289	-	-	-	-
Provision for credit losses, net of recoveries
-	-	-	-	-	-	-	-	-	-	619	999	791	888	592	450	841	1,347	1,456	780	748	534	779	393	34	667	81	59	115	256	94	276	230	399	286	506	172
Compensation expense for equity awards
1,024	1,359	1,311	1,422	1,283	854	994	1,382	1,639	1,119	1,747	1,570	1,552	1,282	1,359	1,332	1,241	1,341	1,150	1,028	1,061	1,578	984	274	78	888	579	269	196	185	172	120	123	135	148	153	82
Amortization of debt fair value adjustment
-111	-137	-283	-500	-547	-547	-547	-546	-990	-713	-714	-713	-773	-1,404	-880	-1,113	-1,015	-1,193	-1,518	-1,522	-1,601	-1,805	-1,659	-2	-2	-2	-2	-76	-47	-47	-31	-2	-37	-107	-107	-107	-107
Amortization of in-place lease liabilities
-598	-794	-828	-1,109	-1,045	-872	-847	-2,065	-2,576	-1,162	-715	-950	-850	-1,041	-2,570	-2,044	-1,208	-1,199	-593	-758	-797	-939	-1,621	-955	-1,006	-762	-641	-668	-603	-566	-547	-436	-435	-528	-584	-714	-632
Changes in assets and liabilities:
Tenant receivables
-2,627	3,427	511	-3,380	-3,728	1,612	3,392	-2,558	-1,804	1,411	425	182	1,424	2,866	1,102	-4,414	958	3,287	2,863	2,090	-6,730	3,233	4,370	610	1,831	2,232	652	-1,145	-49	-	-	-	-	425	658	-2,041	433
Tenant receivables
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	608	50	-549	-	-	-	-580
Deferred costs and other assets
4,793	-2,841	2,856	1,194	5,056	582	6,199	-1,079	7,694	534	5,007	751	5,277	1,234	5,929	1,381	4,536	-664	2,684	-728	5,354	-187	599	-950	5,893	-1,967	4,134	3,061	3,834	562	2,621	1,775	2,106	1,784	6,065	1,029	3,051
Accounts payable, accrued expenses, deferred revenue, and other liabilities
-9,960	-2,439	5,668	-1,157	-4,171	-3,884	5,910	-3,254	238	-7,223	4,079	-883	-1,805	-3,528	3,373	5,354	-5,586	-8,959	8,015	-485	526	-9,117	-32,572	-66	380	904	1,808	2,999	2,977	-7,009	3,073	-1,065	-2,187	-969	4,192	-684	640
Payments on assumed earnout liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	288	-1,940	-155	-774	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
21,873	31,795	36,509	37,348	32,310	35,350	36,996	45,778	36,259	30,778	41,665	45,937	36,243	34,656	39,761	48,559	32,386	33,382	50,200	40,660	45,095	31,989	-12,246	16,355	6,459	15,339	11,969	12,396	12,654	2,561	9,546	5,693	5,470	11,075	6,145	8,980	6,026
Cash flow from investing activities:
Deposits related to acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000	2,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisitions of interests in properties
0	-1	28,920	0	29,286	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	22,506	0	0	0	304,530	15,724	75,593	11,368	-	-	-	-	0	0	13,010	3,357
Capital expenditures
13,178	-	-	-	11,549	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from sales of land
5,490	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from sales of operating properties
0	-	-	-	13,098	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital expenditures, net
-	-	-	-	-	12,017	12,687	16,530	18,070	10,822	25,262	12,480	23,869	26,259	24,129	22,778	21,445	22,772	22,047	25,176	22,569	22,208	33,393	18,638	20,314	37,504	21,654	20,677	32,746	45,354	37,150	20,890	10,756	13,262	20,912	16,627	12,757
Net proceeds from sales of operating properties
-	-	-	-	-	-	0	99,862	61,637	-	0	53,322	22,754	14,048	0	139	0	43,556	0	0	126,460	150,355	7,348	0	33,423	-	-	-	-	25,621	4,742	28,317	28,703	-	-	-	-
Change in construction payables
-	-	-	-	-	-	-	-	-2,807	10,953	-8,275	4,020	-2,422	3,645	-1,881	-2,380	3,640	-3,557	2,356	-47	-3,314	7,875	-1,426	-938	9,439	-10,574	-770	8,207	5,533	-2,172	-16,524	-1,808	-324	5,541	-2,781	-2,615	-443
Collection of note receivable
-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	500	0	0	0	0	0	0	0	542	-	-	-	-	-	-	-	-	0	0	0	-125
Capital contribution to unconsolidated joint venture
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	290	2,465	0	5,762
Change in construction payables
594	-	1,664	-810	-1,963	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-7,094	52,821	166,865	226,608	-29,700	44,738	-14,540	71,761	46,374	-23,176	-16,987	36,822	1,307	-15,856	-22,248	-20,259	-24,585	25,761	-94,033	-121,330	105,205	97,766	102,648	-17,700	4,212	-331,460	-29,315	-104,477	-49,647	-55,460	-22,875	-11,561	18,271	-17,610	-20,597	-27,023	-21,307
Cash flow from financing activities:
Proceeds from issuance of common shares, net
21	223	12	90	25	17	25	11	23	28	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	60,023	2,206	389	418	-105	3	80	-230
Repurchases of common shares upon the vesting of restricted shares
1,002	53	20	132	328	0	31	0	319	27	28	580	200	1	369	101	654	38	261	-62	765	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common share issuance proceeds, net of costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,415	5	-455	-	-11	97,191	5	-0	-107	-8	31,436	-	-	-	-
Purchase of redeemable noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	33,998	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of partner's interest in Fishers Station operating property
-	-	-	-	-	-	-	-	-	0	0	0	3,750	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan proceeds
300,000	-	-	-	60,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of limited partners units
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of noncontrolling interests in Rangeline Crossing
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	6	1,690
Loan proceeds
-	-	-	-	-	-	14,131	59,947	52,922	-	15,500	21,000	33,200	58,107	371,224	130,870	48,100	343,408	283,153	274,165	83,577	62,288	36,999	5,879	41,329	238,519	154,307	86,980	48,784	85,368	32,561	156,906	34,118	35,892	102,757	28,341	44,537
Loan transaction costs
-	-	-	-	-	-	-	-	-	-	-	-	-	805	6,393	198	689	1,881	1,617	982	433	561	3,672	-240	277	196	1,135	90	717	177	291	1,685	79	267	-361	3,939	525
Repayments of Long-term Debt
549	52,215	177,500	239,641	1,159	306,388	1,078	142,550	101,363	10,029	8,838	72,763	37,170	63,009	370,473	119,289	41,308	281,764	238,878	223,450	90,927	153,458	101,955	2,694	27,137	125,358	128,615	86,332	1,728	82,286	12,917	150,643	76,799	22,424	81,229	1,191	28,055
Distributions paid – common shareholders/unitholders
298	26,666	26,665	26,664	53,263	26,594	26,610	26,566	26,546	25,287	25,288	25,281	25,272	24,019	23,974	23,967	22,709	22,188	22,708	22,775	21,708	21,703	8,550	8,553	7,850	5,631	5,625	4,674	4,664	3,937	3,845	3,839	3,817	3,817	3,815	3,813	3,800
Distributions paid preferred shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,240	2,114	2,114	2,114	2,114	2,114	2,114	2,114	2,114	2,114	2,114	2,114	2,113	2,114	2,024	1,443	1,443	1,443	1,443	1,363
Distributions paid – redeemable noncontrolling interests
132	802	803	792	1,441	797	941	1,000	978	836	1,033	1,033	1,020	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
298,040	-81,793	-212,918	-256,372	3,834	-75,598	-24,772	-112,755	-76,261	-16,769	-19,687	-78,657	-34,212	-32,158	-26,622	-13,705	-18,374	-68,214	16,664	24,046	-67,382	-117,142	-81,817	-7,903	3,071	322,125	16,377	90,531	39,159	55,447	14,964	-1,402	-18,216	7,336	16,101	17,498	8,024
Increase (decrease) in cash, cash equivalents, and restricted cash
312,819	2,823	-9,544	7,584	6,444	4,490	-2,316	4,784	6,372	-9,167	4,991	4,102	3,338	-13,358	-9,109	14,595	-10,573	-9,071	-27,169	-56,624	82,918	12,613	8,585	-9,248	13,742	6,004	-969	-1,550	2,166	2,548	1,636	-7,270	5,525	801	1,648	-544	-7,257
Assumption of mortgages by buyer upon sale of properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	40,303	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Settlement of loan in acquisition of noncontrolling interest in Rangeline Crossing
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	578
KRG, LP
Consolidated net income
130	15,824	-20,117	-1,697	5,988	-31,709	4,317	-1,062	-17,997	2,795	-203	10,859	437	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Straight-line rent
-2,546	-	-	-	663	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
32,051	31,399	32,600	35,558	35,303	38,022	37,520	41,349	39,216	41,419	43,457	43,377	46,372	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of operating properties
1,043	14,006	-5,714	24,092	6,587	-4,905	0	7,829	500	0	0	6,290	8,870	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment charge
0	0	8,539	25,107	4,077	31,513	0	14,777	24,070	0	0	0	7,411	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Compensation expense for equity awards
1,024	1,359	1,311	1,422	1,283	854	994	1,382	1,639	1,119	1,747	1,570	1,552	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt fair value adjustment
-111	-137	-283	-500	-547	-547	-547	-546	-990	-713	-714	-713	-773	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of in-place lease liabilities
-598	-794	-828	-1,109	-1,045	-872	-847	-2,065	-2,576	-1,162	-715	-950	-850	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tenant receivables
-2,627	3,427	511	-3,380	-3,728	1,612	3,392	-2,558	-1,804	1,411	425	182	1,424	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred costs and other assets
4,793	-2,841	2,856	1,194	5,056	582	6,199	-1,079	7,694	534	5,007	751	5,277	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable, accrued expenses, deferred revenue, and other liabilities
-9,960	-2,439	5,668	-1,157	-4,171	-3,884	5,910	-3,254	238	-7,223	4,079	-883	-1,805	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
21,873	31,795	36,509	37,348	32,310	35,350	36,996	45,778	36,259	30,778	41,665	45,937	36,243	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisitions of interests in properties
0	-1	28,920	0	29,286	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital expenditures
13,178	-	-	-	11,549	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from sales of land
5,490	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from sales of operating properties
0	-	-	-	13,098	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from sales of operating properties
-	-	-	-	-	-	0	99,862	61,637	-	0	53,322	22,754	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-7,094	52,821	166,865	226,608	-29,700	44,738	-14,540	71,761	46,374	-23,176	-16,987	36,822	1,307	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of common shares, net
21	223	12	90	25	17	25	11	23	28	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchases of common shares upon the vesting of restricted shares
1,002	53	20	132	328	0	31	0	319	27	28	580	200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan proceeds
300,000	0	0	15,000	60,000	272,500	14,131	59,947	52,922	28,000	15,500	21,000	33,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of Long-term Debt
549	52,252	177,510	239,594	1,159	306,388	1,078	142,550	101,363	10,029	8,838	72,763	37,170	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions paid – common shareholders/unitholders
298	26,666	26,665	26,664	53,263	26,594	26,610	26,566	26,546	25,287	25,288	25,281	25,272	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions paid – redeemable noncontrolling interests
132	802	803	792	1,441	797	941	1,000	978	836	1,033	1,033	1,020	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
298,040	-81,793	-212,918	-256,372	3,834	-75,598	-24,772	-112,755	-76,261	-16,769	-19,687	-78,657	-34,212	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in cash, cash equivalents, and restricted cash
312,819	2,823	-9,544	7,584	6,444	4,490	-2,316	4,784	6,372	-9,167	4,991	4,102	3,338	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Kite Realty Group, LP
Straight-line rent
-	-	-	-	-	738	760	611	951	1,103	1,173	1,099	1,321	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for credit losses, net of recoveries
-	-	-	-	-	-	-	-	-	-	619	999	791	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital expenditures, net
-	-	-	-	-	12,017	12,687	16,530	18,070	10,822	25,262	12,480	23,869	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in construction payables
594	1,651	1,664	-810	-1,963	1,421	-1,853	4,016	-2,807	10,953	-8,275	4,020	-2,422	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of partner's interest in Fishers Station operating property
-	-	-	-	-	-	-	-	-	0	0	0	3,750	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-