Nexpoint residential trust, inc. (NXRT)
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'14
Cash flows from operating activities
Net income (loss)

28,039

-13,306

119,104

-1,987

-4,373

-4,782

-5,260

-1,666

10,094

-4,343

54,076

9,930

-3,304

176

8,825

16,596

291

-1,945

-890

-2,264

-5,893

-

-

-

-

Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Gain on sales of real estate

38,972

-

-

-

-

0

0

0

13,742

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

23,338

23,394

17,228

13,066

15,398

13,832

11,228

11,038

11,372

12,886

11,215

12,208

12,443

9,280

8,667

8,084

9,612

10,006

9,135

10,050

11,610

-

-

-

-

Amortization/write-off of deferred financing costs

1,207

652

1,948

470

432

568

1,269

457

768

447

1,194

825

532

339

799

659

324

272

269

233

307

131

106

56

25

Change in fair value on derivative instruments included in interest expense

-648

-1,032

-1,676

-1,880

-1,854

-1,557

-1,150

-892

-349

76

423

363

449

-977

325

2

4

104

16

50

116

-

-

-

-

Net cash received on derivative settlements

737

1,353

1,769

1,910

1,810

1,460

1,195

846

331

-1,698

235

326

216

-

-

-

-

-

-

-

-

-

-

-

-

Interest payable on derivative instruments

62

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization/write-off of fair market value adjustment of assumed debt

-51

-50

-51

-23

-24

-24

-24

-70

-51

-51

-52

-52

-51

-52

-43

-28

-27

-28

-27

-28

-27

-

-

-

-

Vesting of stock-based compensation

1,300

1,186

1,290

1,584

1,070

1,095

1,094

1,094

915

694

823

984

608

-

-

-

-

-

-

-

-

-

-

-

-

Casualty gain

51

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncash contributions to predecessor

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,277

-

-

-

-

Changes in operating assets and liabilities, net of effects of acquisitions:
Operating assets

-791

-3,361

3,126

-1,735

2,320

-1,320

-288

363

1,036

-1,563

-54

-836

1,303

-

-

-

-

-

-

-

-

-

-

-

-

Operating liabilities

-4,210

-6,639

6,537

5,022

-6,416

-621

4,479

3,758

-5,171

-1,142

4,264

1,790

-1,593

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-126

-213

-

107

217

451

-

-

-

-

Prepaid and other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-378

1,560

-

353

-119

537

-

-

-

-

Accounts payable and other accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,970

-4,800

-

3,406

2,261

-3,739

-

-

-

-

Net cash provided by operating activities

11,418

12,423

15,323

19,920

3,700

11,291

13,119

14,202

3,131

10,007

13,272

6,662

7,565

7,495

5,857

11,488

8,936

17,517

8,383

6,224

2,390

-

-

-

-

Cash flows from investing activities
Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

929

-4,879

-

2,908

3,980

273

-

-

-

-

Net proceeds from sales of real estate

85,418

-

-

-

-

0

0

0

29,553

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid acquisition costs

2,025

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Insurance proceeds paid for casualty losses

549

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Insurance proceeds received for casualty losses

3,049

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,336

-4,383

-

-5,620

-6,897

12,455

-

-

-

-

Additions to real estate investments

13,604

15,907

10,723

10,632

6,897

3,611

8,060

8,274

6,830

4,550

5,105

6,644

5,443

6,322

5,757

6,065

6,200

9,823

12,379

10,409

6,821

-

-

-

-

Acquisitions of real estate investments

-

242,081

421,476

8,963

124,829

-

-

-

-

59,543

0

113,526

24,580

-

-

-

910,600

5,431

73,885

20,883

143,695

-

-

-

-

Net cash provided by (used in) investing activities

72,289

-256,104

-144,704

-20,621

-131,700

-11,264

-138,433

-8,274

22,723

-62,593

135,075

-37,434

-30,023

-157,769

46,191

61,491

-1,817

-15,316

-78,230

-26,483

-162,971

-

-

-

-

Mortgage proceeds received

-

132,825

211,337

0

78,987

-

-

-

-

29,500

0

570,238

13,475

-

-

-

-

13,967

44,876

18,576

106,414

-

-

-

-

Mortgage payments

41,845

244

145,112

227

238

231

119,240

11,542

17,929

395

64,399

211,109

332

297

47,075

223,666

533

13,297

544

6,145

246

-

-

-

-

Credit facilities proceeds received

35,000

111,000

91,500

0

52,500

-

-

-

-

0

0

11,000

14,000

-

-

-

-

-

-

-

-

-

-

-

-

Credit facilities payments

28,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bridge facility payments

-

-

-

-

-

30,000

0

0

8,597

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred financing costs paid

-

1,732

1,527

506

1,355

-

-

-

-

305

0

3,587

155

-

-

-

-

382

761

197

1,322

-

-

-

-

Interest rate cap fees paid

-

0

0

0

20

-

-

-

-

-

-

-

-

-

-

-

-

30

54

11

242

-

-

-

-

Prepayment penalties on extinguished debt

416

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the issuance of common shares through at-the-market offering, net of offering costs

27,180

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for taxes related to net share settlement of stock-based compensation

1,732

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Due to affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-474

0

474

-20

-

-

-

-

Repurchase of common stock

30,999

-

-

-

-

0

0

4,614

5,058

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid to common stockholders

8,496

7,889

6,869

6,571

6,717

6,463

5,290

5,187

5,325

5,262

4,737

4,630

4,629

4,630

4,381

4,386

4,387

-

-

-

-

-

-

-

-

Contributions from noncontrolling interests

-

-

-

-

-

-

-

-

-

0

0

25

13

-

-

-

-

309

1,692

1,102

6,526

-

-

-

-

Distributions to noncontrolling interests

-

-

-

-

-

-

-

-

-

0

0

3,356

1,433

-2,313

3,708

4,117

1,059

-

-

-

-

-

-

-

-

Contributions to predecessor

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

28

-178

-171

68,732

-

-

-

-

Net cash (used in) provided by financing activities

-49,308

253,382

151,294

1,983

123,157

-2,475

131,672

1,098

-36,909

-26,278

-81,936

32,731

20,939

137,339

-59,271

-61,795

-5,979

-5,881

64,649

12,492

179,842

-

-

-

-

Net increase (decrease) in cash, cash equivalents and restricted cash

34,399

9,701

21,913

1,285

-4,846

-2,448

6,358

7,026

-11,055

-78,864

66,411

1,959

-1,519

-12,935

-7,223

11,184

1,140

-3,680

-5,198

-7,767

19,261

-

-

-

-

Supplemental Disclosure of Cash Flow Information
Interest paid

11,981

10,609

11,121

10,147

9,176

8,278

7,941

7,359

6,683

6,369

6,095

6,824

6,179

4,680

4,077

6,422

4,756

4,615

4,206

3,938

3,371

-

-

-

-

Prepayment penalties

416

-

-

-

-

-

1,534

0

172

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capitalized construction costs included in accounts payable and other accrued liabilities

4,252

-672

2,935

-29

1,542

-169

277

457

1,150

1,018

413

-215

1,047

559

135

222

578

840

-789

588

734

-

-

-

-

Change in fair value on derivative instruments designated as hedges

-50,540

5,536

-3,550

-10,946

-5,665

-9,801

1,222

2,749

7,761

3,733

-214

3

1,046

9,705

1,084

12

32

-117

112

126

270

243

62

0

0

Other assets acquired from acquisitions

-

401

248

22

87

-

-

-

-

-

-

-

-

-

-

-

-

93

87

84

214

-

-

-

-

Liabilities assumed from acquisitions

-

662

5,299

376

271

-

-

-

-

159

0

586

104

-

-

-

-

37

834

201

903

-

-

-

-

Decrease in dividends payable upon vesting of restricted stock units

-290

140

-22

131

-76

127

25

129

55

80

-25

94

95

-

-

-

-

-

-

-

-

-

-

-

-

Assumed debt on acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,875

0

0

18,000

-

-

-

-

Write-off of fully amortized in-place leases

8,203

-

-

-

3,049

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Write-off of deferred financing costs

455

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-