Medequities realty trust, inc. (MRT)
CashFlow / Quarterly
Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16
Operating activities
Net income

2,103

362

-1,196

4,186

6,154

6,679

6,266

5,732

5,475

5,376

4,734

-3,645

4,851

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

6,079

5,198

4,908

4,699

4,712

4,841

4,433

4,126

4,217

4,323

4,539

4,409

4,650

Stock-based compensation

500

572

781

996

1,056

714

783

934

956

628

633

647

647

Straight-line rent receivable

1,463

1,216

-3,472

1,490

1,702

1,600

1,622

1,454

1,243

1,256

964

-6,181

514

Straight-line rent liability

36

37

37

37

38

39

39

39

40

41

41

41

42

Construction mortgage interest income

430

316

343

292

235

-

-

-

-

-

-

-

-

Write-off of pre-acquisition costs

-

54

269

177

13

-

-

-

-

-

-

-

-

Write-off of pre-offering costs

-

-

-

-

-

-

-

-

-

0

0

0

89

Changes in operating assets and liabilities
Other assets

494

908

809

4,891

602

422

-9,240

-185

-1,261

1,539

8,756

764

1,880

Accounts payable and accrued liabilities

1,233

582

-952

1,635

-469

282

-8,516

189

-1,102

-659

9,559

1,296

-1,134

Deferred revenues

54

-

-

-

-1,126

-

-

-

-

-

-

-

-

Deferred revenues

-

-

-

-

-

-

-

709

-878

-

201

-181

-2,346

Net cash provided by operating activities

7,618

4,339

6,059

5,229

7,839

-

-

-

-

-

-

-

-

Investing activities
Net cash provided by operating activities

-

-

-

-

-

-

-

-

8,726

-

9,996

8,443

4,405

Acquisitions of real estate

2

0

26

23,350

82

-

-

-

-

0

0

12

60

Capital expenditures for real estate

1,748

2,561

609

702

59

331

5

596

173

-

-

-

-

Funding of mortgage notes and note receivable

2,225

5,687

2,361

8,956

22,711

1,913

6,700

0

12,500

0

0

0

1,662

Repayments of mortgage note and note receivable

97

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of notes receivable

-

-

-

-

-

-

-

-

50

-

50

0

1,662

Capitalized pre-acquisition costs, net

-

-14

-87

6

305

-167

11

154

109

38

93

-55

230

Capital expenditures for corporate property

-

-

-

-

-

2

8

1

4

-

-

-

-

Net cash used in investing activities

-3,878

-8,095

-2,723

-32,014

-23,157

-

-

-

-

-

-

-

-

Financing activities
Net borrowings on secured revolving credit facility

6,300

-

-

-

16,500

-

-

-

-

-

-

-

-

Distributions to noncontrolling interest

761

640

693

551

1,050

756

783

679

1,021

734

449

421

703

Deferred loan costs

238

777

59

0

65

139

33

27

2,711

2

72

1,322

6

Net cash used in investing activities

-

-

-

-

-

-

-

-

-12,736

-

-45

43

-290

Net borrowings (repayments) on secured credit facility

-

-

-

-

-

8,700

43,000

8,000

-112,500

-

-

-

-

Dividends paid to common stockholders

-

0

6,691

6,696

6,710

6,669

6,668

6,673

6,647

2,363

2,363

2,363

3,370

Taxes remitted upon vesting of restricted stock

-

67

255

13

62

-

-

-

-

-

-

-

-

Capitalized pre-offering costs

-

0

0

0

18

-

-

-

-

-

258

432

258

Proceeds from borrowings on term loan

-

-

-

-

-

0

0

0

125,000

-

-

-

-

Cancellation of restricted stock

-

-

-

-

-

0

0

0

50

-

-

-

-

Dividends paid to preferred stockholders

-

-

-

-

-

-

-

-

-

7,190

2,460

2,477

2,461

Offering costs

-

-

-

-

-

-

1

16

26

-

-

-

-

Net cash provided by financing activities

5,301

6,316

-1,698

25,040

8,595

-

-

-

-

-

-

-

-

Decrease in cash, cash equivalents, and restricted cash

9,041

2,560

1,638

-1,745

-6,723

-

-

-

-

-

-

-

-

Net cash provided by financing activities

-

-

-

-

-

-

-

-

2,045

-

-5,602

-10,415

-6,798

Decrease in cash, cash equivalents, and restricted cash

-

-

-

-

-

-

-

-

-1,965

-

-

-

-

Increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

4,349

-1,929

-2,683

Supplemental Cash Flow Information
Interest paid

2,774

4,088

2,235

2,499

2,359

-

-

-

-

-

-

-

-

Accrued deferred loan costs

15

-

-

-

-

-

25

0

27

-

-

-

-

Texas gross margins taxes paid, net of reimbursement

-

-

-

-

-

-

-

-

-

0

-41

47

63

Interest paid

-

-

-

-

-

-

-

-

775

-

3,181

1,546

2,378

Accrued pre-acquisition costs

9

-15

-67

52

64

49

-85

35

65

18

-31

-4

38

Accrued pre-offering costs

-

-

-

-

-

-

-

-

-

-

1,246

175

875