Landmark infrastructure partners lp (LMRKP)
CashFlow / Quarterly
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Operating activities
Net income (loss)

-1,372

1,145

3,986

9,265

7,210

-2,172

105,147

6,105

6,741

9,274

3,798

2,677

3,527

8,795

371

609

146

-

-

-

-

-

-

-

-

Net income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

457

1,310

-3,041

-2,854

3,642

422

1,319

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

120

0

0

0

130

0

0

0

70

0

0

0

105

0

0

0

105

-

-

-

-

-

-

-

-

Unrealized loss on derivatives

-7,291

1,636

-2,188

-4,013

-2,762

-4,198

774

1,286

3,148

1,786

-61

-544

494

6,042

1,231

-1,797

-3,170

-

-

-

-

-

-

-

-

Loss on early extinguishment of debt

-2,231

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization expense

3,892

-

-

-

3,517

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unit-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

78

-

-

-

-

Unrealized loss on derivatives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

412

-872

-

481

-435

-52

Amortization expense

-

-

-

-

-

3,604

4,293

4,233

4,022

3,711

3,458

3,239

3,129

3,016

2,868

2,786

2,521

-

-

-

-

-

-

-

-

Amortization expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,538

-

2,215

893

865

Amortization of above- and below- market lease, net

-236

-236

-216

-214

-224

-218

-333

-347

-328

-262

-312

-369

-283

-315

-286

-342

-395

-327

-558

-293

-286

-

-

-

-

Amortization of above- and below- market lease

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

370

127

121

Amortization of deferred loan costs

497

696

687

677

665

711

1,029

897

798

688

606

472

437

445

473

406

377

419

759

368

354

703

709

212

216

Amortization of discount on secured notes

92

93

93

93

93

94

94

93

93

31

1

1

1

-

-

-

-

-

-

-

-

-

-

-

-

Receivables interest accretion

-

0

3

3

3

-

-

-

-

0

0

-2

9

6

7

4

19

11

2

3

15

2

4

21

22

Impairments

82

1,642

442

0

204

-

-

-

-

0

0

692

156

-

-

-

-

323

302

514

2,762

-

-

-

-

Gain on sale of real property interests

-

-23

473

11,673

5,862

-

-

-

-

-

-

-

-

0

0

0

374

154

0

9

72

-

-

-

-

Adjustment for uncollectible accounts

82

19

102

0

5

83

-52

39

-10

136

53

11

15

-

-

-

-

-

-

-

-

-

-

0

4

Equity (income) loss from unconsolidated joint venture

150

135

154

164

-55

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Return on investment in unconsolidated joint venture

675

500

300

1,101

1,482

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Foreign currency transaction (gain) loss

3,363

-

-

-

-21

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Rent receivables

499

-175

673

-1,110

899

361

529

-545

-107

-1

425

1,602

-46

1,222

-99

164

-70

415

531

59

175

-54

75

210

-107

Accounts payable and accrued liabilities

698

137

-946

4,066

-416

-1,423

225

-554

743

-927

608

883

-1,443

1,203

-90

352

-554

885

-693

328

759

1,019

-51

-184

-37

Deferred rent

-102

-186

-145

-159

-110

-58

-33

-63

-81

54

84

-24

244

255

86

79

94

45

152

77

61

91

137

29

26

Prepaid rent

-1,029

-179

-1,198

1,525

-466

152

918

-195

-1,728

107

135

474

-1,306

374

-397

55

69

-379

-1,123

-218

109

-1,019

-293

178

98

Due from Landmark and affiliates

-183

404

-668

697

-598

125

-76

-989

1,126

-102

-244

179

384

-138

-209

911

805

246

-988

-872

699

596

91

394

-701

Other assets

1,525

828

3,219

2,389

551

5,254

-585

-789

343

3,623

-113

-932

-146

1,325

658

-1,121

147

1,096

-65

-112

-70

-

-

-

-

Net cash provided by operating activities

9,463

9,709

5,071

8,716

8,167

187

9,503

9,886

11,680

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investing activities
Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

6,779

-

4,693

7,338

5,542

4,493

5,238

2,849

3,373

5,823

5,831

1,614

1,557

Acquisition of land

-

3,036

1,094

5,314

3,346

237

4,471

4,171

6,931

-

-

-

-

-

-

-

-

3,834

1,757

390

2,934

-

-

-

-

Acquisition of real property interests and development activities

3,989

45,353

8,229

21,322

12,159

1,406

22,480

35,622

27,309

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of real property interests and construction activities

-

-

-

-

-

-

-

-

-

-

-

21,322

12,437

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of real property interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

54,870

16,189

17,804

-

-

-

-

Proceeds from sale of real property interests

-

276

998

31,724

13,385

-

-

-

-

-

-

-

-

0

-1

0

1,790

154

0

95

127

-

-

-

-

Repayments of receivables

142

134

156

124

150

193

307

309

299

312

343

280

245

234

265

209

197

180

196

159

167

155

213

198

184

Net cash used in investing activities

-3,847

-47,979

-8,169

5,212

-1,970

-1,500

37,392

-39,484

-33,941

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Financing activities
Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-12,192

-

-63,885

-5,698

1,987

-40,869

-56,573

-16,324

-20,444

9,514

-15,443

198

184

Proceeds from the issuance of Common Units, net

1,510

-

-

-

-

0

0

0

437

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the issuance of Preferred Units, net

2,663

-

-

-

-

-226

0

47,534

603

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the issuance of non-controlling interests, net

-

-

-

-

-

-

-

-

-

98

0

0

103

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from revolving credit facility

7,000

54,000

54,792

33,139

10,000

14,500

23,500

42,000

40,000

25,000

54,000

34,500

20,000

96,500

122,000

9,800

2,500

69,000

93,800

23,400

24,000

-

-

-

-

Proceeds from the issuance of secured notes

170,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on revolving credit facility

59,000

-

-

-

-

-

-

-

-

-

-

-

291

50,999

49,000

132,300

7,000

500

1,500

48,200

1,000

-

-

-

-

Principal payments on secured notes

108,427

2,835

2,217

1,950

1,361

2,413

2,075

951

969

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on finance leases

4

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from secured debt facilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

29,707

-

-

-

-

Principal payments on secured debt facilities

-

-

-

-

-

-

-

-

-

-

-

-

-

0

75,034

801

400

-

-

-

-

-

-

-

-

Principal payments on secured debt facilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30,487

30,001

-

-322

415

167

Deferred loan costs

1,559

88

2

102

128

3,895

-14

5,994

253

-

-

-

-

395

646

3,154

150

857

434

579

1

3,317

1,992

43

3

Capital contribution to fund general and administrative expense reimbursement

896

930

1,135

993

764

289

578

1,202

491

996

1,074

955

544

1,059

819

155

645

-

-

-

-

-

-

-

-

Distributions to members of Contributing Landmark Funds

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,778

1,848

Distributions to limited partners

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,332

1,053

-

-

-

-

Distributions to non-controlling interests

8

8

7

8

8

7

8

8

4

8

4

4

3

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,594

14,299

-1,066

167

-

-

-

-

-

-

-

-

Consideration associated with Drop-down Acquisitions

-

-

-

-

-

-

0

0

-20,394

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

613

40,896

-2,686

-8,786

-2,964

-3,935

-50,308

32,089

8,502

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,617

-

-

-

-

Consideration paid to general partner associated with Acquired Assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-77

-21

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

11,031

-

56,813

3,679

-9,102

38,087

51,205

13,601

17,033

-15,503

9,851

-2,314

-2,040

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

-592

102

-13

-36

15

-84

180

-268

21

-185

159

-129

127

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in cash, cash equivalents and restricted cash

5,637

2,728

-5,797

5,106

3,248

-5,332

-3,233

2,223

-13,738

13,429

5,767

-2,643

5,745

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,383

5,319

-1,573

1,711

-128

127

-36

-165

240

-501

-298