Gladstone land corp (LAND)
CashFlow / TTM
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

4,755

1,762

-279

5,218

3,192

2,766

3,634

-2,632

-525

-34

264

545

406

473

758

930

784

569

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,487

-1,582

-1,251

-1,224

325

361

495

600

0

0

0

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

14,450

12,790

11,522

10,478

9,783

9,375

8,919

8,596

7,954

7,237

6,566

5,946

5,682

5,187

4,544

3,921

3,298

3,113

2,982

2,620

2,239

1,735

1,279

1,003

850

722

677

626

539

474

0

0

0

Amortization of debt issuance costs

659

630

609

592

589

582

592

577

551

524

472

407

323

241

167

133

119

107

91

77

66

53

43

35

30

30

29

28

61

59

0

0

0

Amortization of deferred rent assets and liabilities, net

-325

-336

-370

-375

-388

-398

-361

-343

-318

-278

-238

-208

-186

-178

-168

-160

-178

-201

-235

-259

-238

-194

-136

-76

-59

-68

0

0

0

-

-

-

-

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

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bad debt expense

19

13

69

128

158

153

258

181

151

150

0

21

85

72

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on dispositions of real estate assets, net

-395

-328

-869

5,513

5,500

5,532

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property and casualty (recovery) loss

-

-

-

-

-

-194

-129

-129

-129

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

568

0

0

0

Changes in operating assets and liabilities:
Other assets, net

2,617

896

1,596

2,893

1,628

3,151

3,670

2,189

3,413

1,904

-323

284

512

322

561

136

129

124

58

744

693

684

-1,997

-2,462

-2,504

-25

2,567

3,042

3,144

609

0

0

0

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

2,903

1,869

1,033

281

797

1,942

705

922

978

1,923

1,534

1,516

1,063

720

-7

715

750

524

1,157

1,916

552

1,180

675

-165

546

250

-156

186

-160

235

0

0

0

Other liabilities, net

2,239

5,220

4,353

2,160

1,927

3,383

1,893

-4

992

-1,124

-837

-1,826

55

2,210

3,538

4,713

4,166

843

1,878

1,097

1,783

1,751

1,758

785

616

548

-40

160

317

-145

0

0

0

Net cash provided by operating activities

22,434

21,370

16,266

10,182

10,089

10,408

6,888

6,318

6,520

6,515

8,162

6,117

6,916

8,403

0

0

0

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

-

-

-

-

-

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

255,139

250,007

240,645

114,404

68,708

71,436

38,317

49,921

79,335

127,835

136,404

133,167

119,058

84,593

78,737

73,545

73,646

74,449

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures on existing real estate assets

11,909

12,290

14,422

16,798

21,190

22,605

18,930

14,943

9,221

5,211

3,109

3,538

8,399

9,797

10,312

9,524

4,698

3,231

3,824

2,986

2,513

2,619

0

0

0

-

-

-

-

-

-

-

-

Decrease in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-133

-2

-1

-0

132

0

0

0

-

-

-

-

-

-

-

-

Purchase of U.S. Treasuries

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,994

0

0

0

-

-

-

-

Change in deposits on real estate acquisitions and investments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

1,267

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in deposits on real estate acquisitions and investments, net

-450

-150

100

650

450

-100

350

850

700

1,115

0

0

0

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

Deposits on future acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Deposits refunded

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

100

100

100

50

0

0

0

-

-

-

-

-

-

-

-

Net cash used in investing activities

-267,101

-262,650

-255,167

-131,852

-90,216

-93,809

-52,949

-61,066

-84,740

-129,645

-141,028

-138,014

-128,566

-95,501

0

0

0

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

-

-

-

-

-

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

135,464

118,357

126,090

110,698

75,413

74,417

35,883

46,298

38,671

41,907

40,421

21,082

21,082

360

0

0

0

-

-

-

-

-

-

-

-

56,703

0

0

0

-

-

-

-

Offering costs

9,980

9,186

8,843

7,772

5,230

4,186

1,909

1,687

1,608

1,977

1,992

1,245

1,111

272

696

856

1,660

1,482

1,044

1,703

903

950

934

124

640

4,687

0

0

0

-

-

-

-

Payments for redemptions of OP Units

-

-

-

-

-

523

822

3,090

2,969

2,569

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redemption of Series B Preferred Stock

512

340

213

166

13

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings from mortgage notes and bonds payable

154,219

155,659

140,775

83,933

68,774

68,594

52,313

62,417

77,545

108,685

130,040

78,591

71,272

54,403

36,603

60,203

63,819

60,841

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of mortgage notes and bonds payable

9,774

8,836

8,341

23,925

23,787

23,455

26,043

9,115

8,793

7,906

6,884

6,975

6,871

4,827

2,709

839

709

626

625

309

206

1,825

1,722

1,722

1,722

1,228

1,228

1,228

1,228

917

0

0

0

Borrowings from lines of credit

-

-

-

-

-

29,900

20,000

29,500

42,900

58,400

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of lines of credit

-

-

-

-

-

39,800

25,000

61,050

59,050

64,950

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net borrowings from line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-9,000

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Payments of financing fees

1,440

1,181

888

565

516

675

802

758

770

881

1,130

2,088

2,069

1,818

1,342

234

227

273

266

333

586

738

718

545

244

35

13

84

131

137

0

0

0

Dividends paid on Series B cumulative redeemable preferred stock

5,170

3,646

2,558

1,544

980

379

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions paid on common stock

10,901

10,460

9,878

9,233

8,832

8,274

7,866

7,370

6,848

6,369

5,836

5,437

5,128

4,955

4,800

4,648

4,443

4,059

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Distributions paid to non-controlling interests in Operating Partnership

115

129

180

232

350

426

479

580

652

710

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions paid to non-controlling interests in Operating Partnership

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

251,791

240,238

239,964

147,792

100,556

95,193

45,232

54,565

78,426

123,630

134,227

132,586

121,930

87,003

0

0

0

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

NET INCREASE IN CASH AND CASH EQUIVALENTS

7,124

-1,042

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,269

8,032

9,795

9,730

0

0

0

-

-

-

-

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

-

-

-

-

-

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

-

-

-

-

-

-

-

-

206

500

1,361

689

280

-95

-304

-1,081

13

-86

-329

-670

-11,366

-13,651

-36,346

-38,575

-15,528

15,397

38,172

40,915

28,037

-1,130

0

0

0

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

138

178

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities included in Other liabilities, net

132

172

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

14,353

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

3,250

1,979

0

0

0

-

-

-

-

2,641

912

-676

-2,828

162

904

1,220

3,276

1,157

532

1,190

1,009

81

0

0

0

-

-

-

-

-

-

-

-

Real estate additions included in Other liabilities, net

-

-

-

-

-

-

-

-

-

849

1,089

801

1,386

1,392

1,681

2,196

878

1,572

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

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

0

-

0

0

0

-

-

-

-

149

215

135

144

9

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Offering costs included in accounts payable and accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

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

129

63

0

0

0

-

-

-

-

15

3

45

3

8

53

18

45

25

48

57

15

44

0

0

0

-

-

-

-

-

-

-

-

Lender holdback on loan issuance

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized loss related to interest rate hedging instrument

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-