Landmark infrastructure partners lp (LMRK)
CashFlow / TTM
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Operating activities
Net income (loss)

13,024

21,606

18,289

119,450

116,290

115,821

127,267

25,918

22,490

19,276

18,797

15,370

13,302

9,921

0

0

0

-

-

-

-

-

-

-

-

Net income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,127

-942

-1,830

2,530

0

0

0

Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Unit-based compensation

120

130

130

130

130

70

70

70

70

105

105

105

105

105

0

0

0

-

-

-

-

-

-

-

-

Unrealized loss on derivatives

-11,856

-7,327

-13,161

-10,199

-4,900

1,010

6,994

6,159

4,329

1,675

5,931

7,223

5,970

2,306

0

0

0

-

-

-

-

-

-

-

-

Loss on early extinguishment of debt

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization expense

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unit-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Unrealized loss on derivatives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

Amortization expense

-

-

-

-

-

16,152

16,259

15,424

14,430

13,537

12,842

12,252

11,799

11,191

0

0

0

-

-

-

-

-

-

-

-

Amortization expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

Amortization of above- and below- market lease, net

-902

-890

-872

-989

-1,122

-1,226

-1,270

-1,249

-1,271

-1,226

-1,279

-1,253

-1,226

-1,338

-1,350

-1,623

-1,575

-1,467

0

0

0

-

-

-

-

Amortization of above- and below- market lease

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Amortization of deferred loan costs

2,557

2,725

2,740

3,082

3,302

3,435

3,412

2,989

2,564

2,203

1,960

1,827

1,761

1,701

1,675

1,962

1,924

1,902

2,185

2,135

1,979

1,842

0

0

0

Amortization of discount on secured notes

371

372

373

374

374

374

311

218

126

34

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Receivables interest accretion

-

9

0

0

0

-

-

-

-

7

13

20

26

36

41

36

36

33

24

26

44

52

0

0

0

Impairments

2,166

2,288

0

0

0

-

-

-

-

848

0

0

0

-

-

-

-

3,902

0

0

0

-

-

-

-

Gain on sale of real property interests

-

17,985

0

0

0

-

-

-

-

-

-

-

-

374

528

528

538

237

0

0

0

-

-

-

-

Adjustment for uncollectible accounts

203

126

190

36

75

60

113

218

190

215

0

0

0

-

-

-

-

-

-

-

-

-

-

0

0

Equity (income) loss from unconsolidated joint venture

603

398

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Return on investment in unconsolidated joint venture

2,576

3,383

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Foreign currency transaction (gain) loss

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Rent receivables

-113

287

823

679

1,244

238

-124

-228

1,919

1,980

3,203

2,679

1,241

1,217

410

1,040

936

1,182

712

256

407

124

0

0

0

Accounts payable and accrued liabilities

3,955

2,841

1,281

2,452

-2,168

-1,009

-513

-130

1,307

-879

1,251

553

22

911

593

-10

-34

1,279

1,413

2,055

1,542

746

0

0

0

Deferred rent

-592

-600

-472

-360

-264

-235

-123

-6

33

358

559

561

664

514

304

371

370

338

383

367

319

285

0

0

0

Prepaid rent

-881

-318

13

2,129

409

-853

-898

-1,681

-1,012

-590

-323

-855

-1,274

101

-652

-1,379

-1,652

-1,612

-2,251

-1,420

-1,024

-1,036

0

0

0

Due from Landmark and affiliates

250

-165

-444

148

-1,538

186

-41

-209

959

217

181

216

948

1,369

1,753

974

-808

-914

-564

515

1,782

381

0

0

0

Other assets

7,961

6,987

11,413

7,609

4,431

4,223

2,592

3,064

2,921

2,432

134

905

716

1,009

780

57

1,065

848

0

0

0

-

-

-

-

Net cash provided by operating activities

32,959

31,663

22,141

26,573

27,743

31,256

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investing activities
Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

22,702

-

22,066

22,611

18,123

15,955

17,284

17,877

16,642

14,826

0

0

0

Acquisition of land

-

12,790

9,991

13,368

12,225

15,810

0

0

0

-

-

-

-

-

-

-

-

8,917

0

0

0

-

-

-

-

Acquisition of real property interests and development activities

78,893

87,063

43,116

57,367

71,667

86,817

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of real property interests and construction activities

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of real property interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Proceeds from sale of real property interests

-

46,383

0

0

0

-

-

-

-

-

-

-

-

1,789

1,943

1,944

2,040

378

0

0

0

-

-

-

-

Repayments of receivables

556

564

623

774

959

1,108

1,227

1,263

1,234

1,180

1,102

1,024

953

905

851

782

733

704

678

696

734

752

0

0

0

Net cash used in investing activities

-54,783

-52,906

-6,427

39,134

-5,562

-37,533

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Financing activities
Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-170,647

-

-108,465

-101,153

-111,779

-134,211

-83,826

-42,697

-26,174

-5,546

0

0

0

Proceeds from the issuance of Common Units, net

0

-

-

-

-

437

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the issuance of Preferred Units, net

0

-

-

-

-

47,911

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the issuance of non-controlling interests, net

-

-

-

-

-

-

-

-

-

201

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from revolving credit facility

148,931

151,931

112,431

81,139

90,000

120,000

130,500

161,000

153,500

133,500

205,000

273,000

248,300

230,800

203,300

175,100

188,700

210,200

0

0

0

-

-

-

-

Proceeds from the issuance of secured notes

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on revolving credit facility

0

-

-

-

-

-

-

-

-

-

-

-

232,590

239,299

188,800

141,300

57,200

51,200

0

0

0

-

-

-

-

Principal payments on secured notes

115,429

8,363

7,941

7,799

6,800

6,408

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on finance leases

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from secured debt facilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Principal payments on secured debt facilities

-

-

-

-

-

-

-

-

-

-

-

-

-

76,235

0

0

0

-

-

-

-

-

-

-

-

Principal payments on secured debt facilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

Deferred loan costs

1,751

320

4,127

4,111

10,003

10,128

0

0

0

-

-

-

-

4,345

4,807

4,595

2,021

1,873

4,332

5,891

5,355

5,357

0

0

0

Capital contribution to fund general and administrative expense reimbursement

3,954

3,822

3,181

2,624

2,833

2,560

3,267

3,763

3,516

3,569

3,632

3,377

2,577

2,678

0

0

0

-

-

-

-

-

-

-

-

Distributions to members of Contributing Landmark Funds

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Distributions to limited partners

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

Distributions to non-controlling interests

31

31

30

31

31

27

28

24

20

19

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Consideration received paid to General Partner associated with Drop-down Acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

9,806

0

0

0

-

-

-

-

-

-

-

-

Consideration associated with Drop-down Acquisitions

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

30,037

26,460

-18,371

-65,993

-25,118

-13,652

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Consideration received from (paid to) General Partner associated with Acquired Assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Consideration paid to general partner associated with Acquired Assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

155,931

-

89,477

83,870

93,793

119,929

66,338

24,984

9,068

-10,006

0

0

0

Effect of changes in foreign currency exchange rates on cash, cash equivalents and restricted cash

-539

68

-118

75

-157

-151

-252

-273

-134

-28

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in cash, cash equivalents and restricted cash

7,674

5,285

-2,775

-211

-3,094

-20,080

-1,319

7,681

2,815

22,298

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,074

5,328

136

1,673

-203

164

-464

-726

0

0

0