Gladstone land corp (LAND)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

3,101

958

522

174

108

-1,083

6,019

-1,852

-318

-215

-247

255

173

83

34

116

240

368

206

-30

24

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

100

-301

20

-1,307

4

30

47

242

40

164

152

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

4,257

3,838

3,419

2,936

2,597

2,570

2,375

2,241

2,189

2,114

2,052

1,599

1,472

1,443

1,432

1,335

977

800

809

711

791

669

447

330

288

213

171

177

160

168

120

90

95

Amortization of debt issuance costs

179

169

162

149

150

148

145

146

143

158

130

120

116

106

65

36

34

32

30

22

21

17

15

12

7

7

7

7

7

7

6

41

4

Amortization of deferred rent assets and liabilities, net

-69

-92

-87

-77

-80

-126

-92

-90

-90

-89

-74

-65

-50

-49

-44

-43

-42

-39

-35

-61

-64

-73

-59

-41

-19

-15

0

-23

-29

-

-

-

-

Income (Loss) from Equity Method Investments, Net of Dividends or Distributions

34

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bad debt expense

12

-11

18

0

6

45

77

30

1

150

0

0

0

0

21

64

-13

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on dispositions of real estate assets, net

-99

-174

-135

13

-32

-715

6,247

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property and casualty (recovery) loss

-

-

-

-

-

-65

0

0

-129

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

615

0

-41

-5

Changes in operating assets and liabilities:
Other assets, net

1,857

1,177

-260

-157

136

1,877

1,037

-1,422

1,659

2,396

-444

-198

150

169

163

30

-40

408

-262

23

-45

343

423

-28

-53

-2,339

-41

-70

2,425

253

433

31

-109

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

-1,243

3,455

-242

933

-2,277

2,619

-994

1,449

-1,132

1,382

-777

1,505

-187

993

-795

1,052

-530

265

-72

1,087

-756

899

686

-276

-128

394

-154

435

-425

-11

188

87

-29

Other liabilities, net

-949

154

5,476

-2,442

2,032

-713

3,283

-2,675

3,488

-2,203

1,386

-1,679

1,372

-1,916

397

202

3,527

-587

1,572

-345

203

447

791

340

172

454

-182

172

103

-134

18

329

-358

Net cash provided by operating activities

3,496

7,468

9,646

1,824

2,432

2,364

3,562

1,731

2,751

-1,156

2,992

1,933

2,746

491

947

2,732

4,233

-

-

-

-

-

-

-

-

-

-

-

-2,561

-

-75

639

-31

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

265

-

1,295

343

393

-

-

-

-

-

-

-

-

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

7,436

49,331

152,672

45,700

2,304

39,969

26,431

4

5,032

6,850

38,035

29,418

53,532

15,419

34,798

15,309

19,067

9,563

29,606

15,409

19,869

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures on existing real estate assets

2,682

3,316

3,425

2,486

3,063

5,448

5,801

6,878

4,478

1,773

1,814

1,156

468

-329

2,243

6,017

1,866

186

1,455

1,191

398

780

617

718

503

-

-

-

-

-

-

-

-

Decrease in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0

0

0

-132

130

0

0

0

-

-

-

-

-

-

-

-

Purchase of U.S. Treasuries

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-1

19,996

-

-

-

-

Change in deposits on real estate acquisitions and investments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

650

250

150

217

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in deposits on real estate acquisitions and investments, net

50

-450

-750

700

350

-200

-200

500

-200

250

300

350

215

-

-

-

-

-

-

-

-

-

-

150

50

-

-

-

-

-

-

-

-

Deposits on future acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

50

-

-

-

-

Deposits refunded

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

100

0

0

0

50

-

-

-

-

-

-

-

-

Net cash used in investing activities

-10,168

-52,700

-155,347

-48,886

-5,717

-45,217

-32,032

-7,250

-9,310

-4,357

-40,149

-30,924

-54,215

-15,740

-37,135

-21,476

-21,150

-

-

-

-

-

-

-

-

-

-

-

-20,046

-

-

-

-

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-20,034

-

-27,658

-12,030

-504

-

-

-

-

-

-

-

-

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

35,589

32,287

24,676

42,912

18,482

40,020

9,284

7,627

17,486

1,486

19,699

0

20,722

0

360

0

0

-

-

-

-

-

-

-

-

0

0

0

56,703

-

-

-

-

Offering costs

2,523

2,635

2,030

2,792

1,729

2,292

959

250

685

15

737

171

1,054

30

-10

37

215

454

150

841

36

16

809

40

84

-0

0

556

4,130

-

-

-

-

Payments for redemptions of OP Units

-

-

-

-

-

0

2

121

400

299

2,270

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redemption of Series B Preferred Stock

185

127

47

153

13

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings from mortgage notes and bonds payable

0

35,260

102,327

16,632

1,440

20,376

45,485

1,473

1,260

4,095

55,589

16,601

32,400

25,450

4,140

9,282

15,531

7,650

27,740

12,897

12,552

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of mortgage notes and bonds payable

4,388

1,150

3,439

797

3,450

655

19,023

659

3,118

3,243

2,095

337

2,231

2,221

2,186

233

187

103

315

103

103

103

0

0

1,722

0

0

0

1,228

0

0

0

917

Borrowings from lines of credit

-

-

-

-

-

15,800

5,000

1,600

7,500

5,900

14,500

15,000

23,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of lines of credit

-

-

-

-

-

15,800

8,400

2,000

13,600

1,000

44,450

0

19,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net borrowings from line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,700

-

2,200

-9,000

7,800

-

-

-

-

-

-

-

-

-

-

-

-

Payments of financing fees

263

443

623

111

4

150

300

62

163

277

256

74

274

526

1,214

55

23

50

106

48

68

43

173

301

220

23

0

0

12

1

70

46

18

Dividends paid on Series B cumulative redeemable preferred stock

2,125

1,424

1,057

564

601

336

43

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions paid on common stock

2,850

2,802

2,780

2,469

2,409

2,220

2,135

2,068

1,851

1,812

1,639

1,546

1,372

1,279

1,240

1,237

1,199

1,124

1,087

1,032

814

-

-

-

-

-

-

-

-

-

-

-

-

Distributions paid to non-controlling interests in Operating Partnership

39

38

39

-1

53

89

91

117

129

142

192

189

187

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions paid to non-controlling interests in Operating Partnership

-

-

-

-

-

-

-

-

-

-

-

-

-

-

112

92

30

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

23,216

54,928

120,988

52,659

11,663

54,654

28,816

5,423

6,300

4,693

38,149

29,284

51,504

15,290

36,508

18,628

16,577

-

-

-

-

-

-

-

-

-

-

-

50,809

-

7,920

-135

-935

NET INCREASE IN CASH AND CASH EQUIVALENTS

16,544

9,696

-24,713

5,597

8,378

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

587

587

587

4,505

2,350

2,350

522

-

-

-

-

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,330

-

25,564

1,970

-2,614

-

-

-

-

-

-

-

-

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

-

-

-

-

-

-

-

-

-259

-820

992

293

35

41

320

-116

-340

-168

-457

978

-439

-411

-798

-9,716

-2,724

-23,106

-3,027

13,330

28,201

-332

-284

453

-966

NON-CASH OPERATING, INVESTING, AND FINANCING INFORMATION:
Operating lease right-of-use assets included in Other assets, net

168

-10

-10

-10

208

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities included in Other liabilities, net

127

1

2

2

167

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

2,590

5,311

0

6,452

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

2,699

582

-1,068

1,037

1,428

-

-

-

-

1,501

493

448

199

-228

-1,095

-1,704

3,189

514

-778

351

1,069

-110

-120

170

141

-

-

-

-

-

-

-

-

Real estate additions included in Other liabilities, net

-

-

-

-

-

-

-

-

-

343

473

33

0

583

185

618

6

872

700

-700

700

-

-

-

-

-

-

-

-

-

-

-

-

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

28

-

-64

41

58

-

-

-

-

-88

97

-31

171

-22

17

-22

36

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Offering costs included in Accounts payable, accrued expenses and due to related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

86

-23

38

-

-

-

-

-

-

-

-

Offering costs included in accounts payable and accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

237

-

-

-

-

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

77

49

-6

9

11

-

-

-

-

-39

9

23

22

-51

51

-19

27

-5

16

8

6

17

25

-33

35

-

-

-

-

-

-

-

-

Lender holdback on loan issuance

498

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized loss related to interest rate hedging instrument

-1,647

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-