Gladstone land corp (LAND)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

1,762

2,766

-34

473

569

-125

-

-

-

Net income (loss)

-

-

-

-

-

-

-1,224

600

6

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

12,790

9,375

7,237

5,187

3,113

1,735

722

474

505

Amortization of debt issuance costs

630

582

524

241

107

53

30

59

26

Amortization of deferred rent assets and liabilities, net

-336

-398

-278

-178

-201

-194

-68

-45

-

Bad debt expense

13

153

150

72

10

0

-

-

-

Loss on dispositions of real estate assets, net

-328

5,532

-21

0

14

-

-

-

-

Property and casualty (recovery) loss

10

-194

0

0

97

262

-

-

-

Loss on write-down of inventory

0

1,100

0

-

-

-

-

-

-

Insurance proceeds received utilized for repairs to real estate assets

-

-

-

0

10

89

-

-

-

Deferred income taxes

-

-

-

-

-

-

-743

568

-173

Loss on early extinguishment of debt

-

-

-

-

-

-

-

-

-474

Changes in operating assets and liabilities:
Other assets, net

896

3,151

1,904

322

124

684

-25

609

-517

Accounts payable and accrued expenses and Due to related parties, net

1,869

1,942

1,923

720

524

1,180

250

235

81

Other liabilities, net

5,220

3,383

-1,124

2,210

843

1,751

548

-145

460

Net cash provided by operating activities

21,370

10,408

6,515

8,403

4,740

3,543

-

-

1,898

Net cash provided by operating activities

-

-

-

-

-

-

-460

1,137

-

CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of new real estate assets

250,007

71,436

127,835

84,593

74,449

68,626

37,871

7,499

13,071

Capital expenditures on existing real estate assets

12,290

22,605

5,211

9,797

3,231

2,619

811

-

-

Contributions to unconsolidated real estate entities

587

0

-

-

-

-

-

-

-

Proceeds from dispositions of real estate assets

0

132

3,834

156

0

0

-

-

-

Decrease in restricted cash

-

-

-

0

-133

132

0

-

-8,367

Maturity of short-term investment

0

0

682

0

0

-

-

-

-

Insurance proceeds received capitalized as real estate additions

84

-

-

-

-

-

-

-

-

Purchase of certificate of deposit

-

-

-

-

-

-

-

-679

-

Purchase of U.S. Treasuries

-

-

-

-

-

-

19,994

-

-

Maturity of U.S. Treasuries

-

-

-

-

-

-

20,000

-

-

Change in deposits on real estate acquisitions and investments, net

-

-

-

1,267

1,000

350

200

150

-

Change in deposits on real estate acquisitions and investments, net

-150

-100

1,115

-

-

0

-

-

-

Deposits on future acquisitions

-

-

-

-

-

-

-

-

50

Deposits refunded

-

-

-

-

-

50

150

200

-

Insurance proceeds received capitalized as real estate asset additions

-

-

-

0

87

344

-

-

-

Net cash used in investing activities

-262,650

-93,809

-129,645

-95,501

-78,460

-71,334

-

-

-4,753

Net cash used in investing activities

-

-

-

-

-

-

-38,728

-8,129

-

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of preferred and common equity

118,357

74,417

41,907

360

23,133

15,024

56,703

-

-

Offering costs

9,186

4,186

1,977

272

1,482

950

4,687

686

-

Payments for redemptions of OP Units

0

523

2,569

0

0

-

-

-

-

Redemption of Series B Preferred Stock

340

0

-

-

-

-

-

-

-

Borrowings from mortgage notes and bonds payable

155,659

68,594

108,685

54,403

60,841

41,188

13,565

8,707

17,428

Repayments of mortgage notes and bonds payable

8,836

23,455

7,906

4,827

626

1,825

1,228

917

11,673

Borrowings from lines of credit

45,600

29,900

58,400

59,750

18,100

-

-

-

-

Repayments of lines of credit

45,600

39,800

64,950

43,300

22,000

-

-

-

-

Net borrowings from line of credit

-

-

-

-

-

3,900

-

-

-

Proceeds from issuance of mandatorily redeemable preferred stock

-

-

-

28,750

0

0

-

-

-

Borrowings from line of credit

-

-

-

-

-

-

-

3,100

1,200

Repayments on line of credit

-

-

-

-

-

-

-

4,205

3,000

Payments of financing fees

1,181

675

881

1,818

273

738

35

137

48

Dividends paid on Series B cumulative redeemable preferred stock

3,646

379

0

-

-

-

-

-

-

Distributions paid on common stock

10,460

8,274

6,369

4,955

4,059

2,458

-

-

-

Distributions paid to non-controlling interests in Operating Partnership

129

426

710

388

0

-

-

-

-

Distributions paid to non-controlling interests in Operating Partnership

-

-

-

-

-

0

-

-

-

Payment of contingent consideration

-

-

-

700

0

-

-

-

-

Payment of contingent consideration

-

-

-

-

-

0

-

-

-

Net cash provided by financing activities

240,238

95,193

123,630

87,003

73,634

54,138

-

-

2,888

NET INCREASE IN CASH AND CASH EQUIVALENTS

-1,042

11,792

-

-

-

-

-

-

-

Distributions paid

-

-

-

-

-

-

9,730

-

1,017

Net cash provided by financing activities

-

-

-

-

-

-

54,586

5,861

-

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

-

-

500

-95

-86

-13,651

15,397

-1,130

32

SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid

15,974

12,335

-

-

-

-

-

-

-

Interest paid

-

-

9,582

5,981

3,263

1,431

1,055

854

443

Cash paid during the year for income taxes

-

-

-

-

-

27

2,274

464

150

NON-CASH OPERATING, INVESTING, AND FINANCING INFORMATION:
Issuance of non-controlling interests in Operating Partnership in conjunction with acquisitions

3,290

-

-

-

-

-

-

-

-

Operating lease right-of-use assets included in Other assets, net

178

-

-

-

-

-

-

-

-

Operating lease liabilities included in Other liabilities, net

172

-

-

-

-

-

-

-

-

Issuance of non-controlling interests in operating partnership in conjunction with acquisitions

-

-

-

14,353

0

0

-

-

-

Real estate additions included in Other assets, net

-

-

15

0

0

61

-

-

-

Real estate additions included in Accounts payable and accrued expenses and Due to related parties, net

1,979

2,090

2,641

162

1,157

81

309

-

-

Loss on dispositions of real estate assets, net included in Accounts payable and accrued expenses and Due to related parties, net

122

0

39

0

0

-

-

-

-

Real estate additions included in Other liabilities, net

-

-

849

1,392

1,572

585

-

-

-

Stock offering and OP Unit issuance costs included in Accounts payable and accrued expenses and Due to related parties, net

-

158

149

9

226

141

-

-

-

Offering costs included in accounts payable and accrued expenses

-

-

-

-

-

-

-

319

-

Financing fees included in Accounts payable and accrued expenses and Due to related parties, net

63

30

15

8

25

44

-

-

-

Lender holdback on loan issuance

498

0

-

-

-

-

-

-

-

Unrealized loss related to interest rate hedging instrument

-390

0

-

-

-

-

-

-

-

Lender holdback on loan issuance

-

-

0

-

-

-

-

-

-