Corporate Office Properties Trust OFC Cash Flow

Corporate office properties trust (OFC)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities
Revenues from real estate operations received
133,092	138,522	133,926	131,263	126,569	132,894	132,570	127,575	135,027	121,345	134,814	121,407	132,985	120,798	131,320	131,506	130,474	129,896	133,069	123,017	117,521	121,393	125,335	116,491	116,386	123,332	126,363	113,720	119,348	119,544	115,135	119,558	129,184	126,169	117,052	119,238	114,303	129,402	107,656	104,461	112,328
Construction contract and other service revenues received
24,925	28,864	44,364	15,545	5,904	6,129	9,039	9,143	9,268	29,849	32,765	16,390	23,527	22,425	19,407	27,245	7,747	12,290	18,027	66,822	19,968	27,010	27,065	17,816	17,289	14,770	19,979	13,203	15,695	19,194	11,704	28,763	18,170	15,051	23,941	28,036	21,405	19,827	11,542	26,360	54,915
Property operating expenses paid
46,330	45,133	68,173	40,331	42,974	47,608	66,397	40,430	43,212	42,050	64,844	38,846	40,837	42,149	67,198	40,921	46,084	44,007	66,607	36,899	42,768	37,314	62,868	35,882	42,739	42,444	58,233	36,701	38,865	41,308	57,047	36,669	39,659	36,560	62,308	35,906	45,267	35,246	56,221	35,425	46,733
Construction contract and other service expenses paid
17,631	28,190	37,442	26,543	4,614	8,352	8,410	21,496	41,128	25,518	25,193	17,206	14,790	13,149	8,866	13,538	10,765	11,867	36,259	48,502	27,853	21,053	23,630	23,191	11,397	10,662	19,787	17,816	15,588	17,514	13,142	24,842	12,454	21,131	21,471	23,223	28,315	17,851	19,763	31,419	55,834
General, administrative, leasing, business development and land carry costs paid
12,371	5,541	7,265	4,838	11,703	6,148	5,710	4,248	10,900	5,607	6,751	6,040	14,275	6,998	8,667	7,037	12,175	8,493	9,499	7,393	12,728	7,233	5,384	6,998	9,906	7,341	5,693	6,467	8,521	4,378	5,450	5,079	7,997	12,106	5,492	3,569	6,860	10,243	3,926	2,235	7,565
Interest expense paid
16,767	14,657	17,922	16,614	18,282	16,849	19,456	17,063	19,092	17,442	19,286	16,802	19,549	16,320	20,483	19,793	21,386	19,538	13,903	19,580	12,795	24,412	19,318	16,962	18,403	22,523	17,227	23,807	18,018	23,583	18,376	25,539	19,896	24,478	21,812	25,173	22,252	24,619	22,437	19,017	21,844
Lease incentives paid
3,628	3,116	3,138	2,070	1,158	1,694	1,160	621	4,204	311	39	1,646	7,729	971	793	581	415	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Previously accreted interest expense paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	8,853	2,263	0	0	0	0	-	-	-	-	-	-	-	-
Settlement of interest rate derivatives
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	29,738	-	-	-	-	-	-	-	-
Proceeds from sale of trading marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	11,934	7,041	-	-	-	-	-	-	-	-
Exit costs on property dispositions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	80	5,314	-140	-1,108	-	-	-	-	-	-	-	-
Payments in connection with early extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,913	0	3	101	3,940	37	19,129	4,803	0	2,481	156	0	-	-	-	-	-	-	-	-
Interest and other income received
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	159	102	129	217	1,869	1	70	320	287	257	277	252	321	127	142	108	-386	146	97	466
Income taxes paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	4	-12	-192	0	0	0	-6	0	0	0	8	-14	4	0	170	-	-	-	-
Other
928	772	872	751	910	464	479	1,657	436	458	433	190	750	666	853	80	43	3,847	0	-571	545	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
62,218	71,521	45,222	57,163	54,652	58,815	40,955	54,517	26,195	60,693	51,899	57,447	60,082	64,297	45,573	76,961	47,439	56,266	24,903	80,949	41,890	49,637	41,298	51,412	51,538	51,970	45,478	14,220	47,311	52,162	27,782	68,107	43,787	47,277	12,369	59,545	32,952	60,884	16,997	42,822	35,733
Cash flows from investing activities
Development and redevelopment of properties
92,802	85,447	89,364	119,421	100,212	54,142	38,103	50,209	17,540	86,826	27,752	50,131	35,795	40,222	45,958	30,193	45,146	59,912	56,936	55,441	62,057	49,523	45,403	62,834	42,625	44,988	57,041	55,418	44,361	57,654	36,117	36,028	35,476	62,794	70,721	52,476	46,676	62,972	146,021	50,039	44,032
Acquisitions of operating properties and related intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	65,741	80,503	56,622	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tenant improvements on operating properties
10,446	7,343	8,881	3,411	4,174	7,136	9,610	9,275	9,077	13,533	6,165	6,795	6,916	8,220	11,193	8,474	6,388	11,284	7,815	4,794	5,520	9,283	6,912	6,485	4,357	6,082	5,372	5,233	5,263	6,179	7,127	5,863	7,934	9,774	6,700	11,943	8,778	9,567	3,636	4,652	2,971
Other capital improvements on operating properties
5,457	10,162	5,577	4,444	4,476	10,866	4,773	3,386	5,198	7,708	3,394	6,577	5,203	4,282	6,056	6,502	9,505	10,537	4,238	4,652	3,720	7,541	4,697	7,367	9,115	6,412	5,790	2,411	9,327	10,495	4,057	2,154	3,360	5,331	5,566	1,945	4,064	4,552	1,614	1,521	2,735
Proceeds from property dispositions
Sale of properties
-	-	-	-	-	-	-	-	-	79,732	46,309	2,202	52,596	52,205	205,213	-4	5,452	148,669	27,642	0	17,424	-191	56,002	1,751	220	-	-	-	-	-4	159,793	69,584	61,230	52,326	20,369	3,794	3,149	-4	23,633	995	2,952
Investing receivables funded
0	11	65	53	11,051	97	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,966	1,355	525	2,231	2,629	2,670	5,427	3,506	2,976	4,605	14,615	1,181	3,859	1,126	282	321
Leasing costs paid
5,950	3,323	5,870	5,093	2,539	4,649	2,439	1,823	2,015	8,113	2,564	1,862	2,042	4,272	2,590	1,841	1,593	5,107	1,871	4,797	1,935	5,685	2,777	3,350	4,422	5,063	3,318	2,612	3,436	5,989	1,800	2,636	2,853	5,640	3,555	3,908	2,894	6,686	2,420	2,259	3,038
Increase in prepaid expenses and other assets associated with investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	102	708	450	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in unconsolidated entities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,100	0	0	4,500
Other
-192	709	2,386	-2,647	-1,297	3,815	2,422	-2,689	974	1,731	127	-2,376	630	1,355	978	1,134	-1,121	-7,042	1,289	-2,418	5,956	1,560	-367	344	106	4,734	-1,113	1,298	-4,442	-3,689	536	681	310	-8,026	2,035	625	920	-1,108	-1,037	2,571	707
Net cash used in investing activities
-114,463	-29,102	-95,283	107,525	-121,155	-80,232	-55,878	-62,004	-34,804	-36,893	6,307	-60,787	2,010	-6,743	182,124	-48,148	-56,059	63,757	-110,248	-142,655	-118,386	-72,643	2,995	-79,186	-60,855	67,055	-71,516	-55,153	-60,176	-70,020	59,178	16,795	7,791	-22,662	-100,416	-75,945	-61,364	-130,062	-193,424	-100,329	-55,352
Cash flows from financing activities
Proceeds from debt
Revolving Credit Facility
251,000	60,000	91,000	135,000	123,000	173,000	55,000	71,000	82,000	84,000	55,000	213,000	0	133,000	229,000	45,000	88,500	100,000	128,000	144,000	150,000	117,000	0	115,000	0	47,000	83,000	275,000	99,000	67,000	161,000	30,000	71,000	-	-	-	-	-	-	-	-
Other debt proceeds
181,595	11,613	21,396	7,256	3,350	2,139	11,267	0	0	-	-	-	-	-	-	-	-	-	-	-	-	0	1,638	4,231	5,700	11,163	2,654	12,100	68,132	3,821	125,387	13,812	260,097	-	-	-	-	-	-	-	-
Repayments of debt
Revolving Credit Facility
186,000	103,000	34,000	234,000	74,000	59,000	126,000	54,000	55,000	128,000	79,000	19,000	0	133,000	287,000	94,000	25,000	143,500	41,000	308,000	69,000	34,000	0	115,000	0	47,000	231,000	127,000	99,000	147,000	276,000	231,000	337,000	-	-	-	-	-	-	-	-
Proceeds from debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	97,273	-	325,016	364,567	135,892
Scheduled principal amortization
1,021	1,010	1,107	1,095	1,098	1,079	1,060	1,049	1,052	1,034	1,015	1,005	1,008	1,141	922	1,732	1,800	1,717	1,692	1,670	1,649	1,603	1,477	1,582	1,855	2,252	2,226	2,491	2,512	2,590	2,791	3,096	3,207	3,108	3,226	3,623	3,798	3,607	3,420	3,500	3,469
Other debt repayments
-	-	-	-	-	-	-	-	-	-	-	-	-	119,851	162,558	40,448	50	104,626	51	50,580	50	211,594	50,049	132,960	50	69,561	55,729	360,926	125,877	72,536	14,815	36,985	50	50	595,137	77,863	25,050	-392,951	110,608	268,956	80,050
Deferred financing costs paid
1,261	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	360	6,902	990	1,109	161	1,099	67	2,044	342	12,214	75	482	-	-	-	-
Finance Lease, Principal Payments
-	-	-	-	-	0	0	11,177	4,202	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on capital lease obligations
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from issuance of common shares
0	0	0	0	46,415	39,835	109,953	32,288	19,989	49,700	-1	1,598	18,237	109,115	-41	0	-5	0	0	163	28,404	148,822	174	610	568	137	38,539	379	118,389	204,764	476	108	77	-	-	-	-	245,818	1,313	1,027	2,038
Redemption of preferred shares
-	-	-	-	-	-	-	-	-	0	0	172,500	26,583	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common share/unit dividends/distributions paid
30,817	30,822	30,795	30,753	30,287	29,937	28,399	28,095	27,855	27,395	27,340	27,339	27,100	26,063	26,051	26,019	26,002	25,997	25,999	25,996	25,646	24,113	24,099	24,082	24,036	24,023	23,599	23,576	22,276	19,836	19,818	19,821	29,686	-	-	-	-	-	-	-	-
Preferred share/unit dividends/distributions paid
-	-	-	-	-	-	-	-	-	0	0	5,724	3,581	3,553	3,552	3,553	3,552	3,553	3,552	3,553	3,552	3,552	3,553	5,136	4,490	4,490	4,490	6,249	6,106	6,742	4,294	4,026	4,025	-	-	-	-	-	-	-	-
Distributions paid to noncontrolling interests in COPLP
403	-	-	562	553	-	-	1,051	1,059	1,055	1,097	1,118	1,156	1,143	1,114	1,191	1,171	1,171	1,120	1,244	1,217	1,222	1,145	1,388	1,253	1,253	1,202	1,133	1,370	1,318	1,241	1,330	1,939	1,938	1,973	1,983	1,981	1,999	1,914	2,032	2,154
Distributions paid to redeemable noncontrolling interests
11,870	-	-	-	0	-	-	-	-	-	-	-	-	877	23	458	13,848	2,993	0	-122	122	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	31,664	-	27,285	27,143	26,948
Redemption of vested equity awards
1,492	91	53	103	1,817	91	86	198	1,327	104	56	60	1,753	287	687	338	1,154	132	85	214	2,031	165	63	234	1,092	154	64	208	1,576	100	60	846	2,373	42	135	100	3,713	51	149	103	3,610
Other
-2,729	3,856	-2,711	-1,362	1,318	2,368	-918	-187	-5,183	5,767	2,460	57	-3,009	-662	333	-246	-5,119	8,281	-1,706	-564	-289	973	-1,876	-532	-174	-1,177	-153	-617	85	-1,849	1,842	-838	0	-16	-3,263	3,193	331	0	624	-402	-162
Net cash provided by financing activities
197,002	-61,796	36,834	-125,729	66,328	20,435	15,278	7,531	6,311	-21,593	-58,909	-212,091	-45,953	105,538	-193,440	-77,985	10,799	-63,553	52,111	94,351	74,848	-10,935	-80,491	85,616	-26,682	-91,970	44,160	26,620	25,780	23,443	-86,653	-88,187	-49,150	-30,560	87,848	15,497	30,916	67,547	178,281	57,206	21,537
Net increase (decrease) in cash and cash equivalents and restricted cash
144,757	-19,377	-13,227	38,959	-175	-982	355	44	-2,298	2,207	-703	-215,431	16,139	163,092	34,257	-49,172	2,179	56,470	-33,234	32,645	-1,648	-33,941	-36,198	57,842	-35,999	27,055	18,122	-14,313	12,915	5,585	307	-3,285	2,428	-5,945	-199	-903	2,504	-1,631	1,854	-301	1,918
Reconciliation of net income to net cash provided by operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
25,550	44,877	23,246	109,563	22,318	18,456	20,322	21,085	18,780	11,008	22,334	18,859	22,740	44,716	29,272	-48,316	8,096	62,617	94,294	17,232	14,735	5,937	24,548	9,050	5,671	92,672	-2,000	-4,405	15,277	19,010	-20,765	11,861	10,235	-90,473	7,470	-26,007	-18,566	16,752	8,926	9,151	10,675
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and other amortization
33,015	33,217	35,159	35,298	35,229	36,623	34,756	33,649	34,035	34,538	35,015	33,378	33,570	33,441	32,528	33,772	35,129	36,834	38,993	34,313	32,091	31,871	30,780	31,738	44,101	31,817	29,712	29,462	28,782	29,170	31,248	32,295	31,705	33,631	36,646	32,672	33,645	35,989	31,397	30,180	28,253
Impairment losses
-	-	-	-	-	-	-	-	-	-	-	-	-	1,544	27,659	69,692	2,446	19,744	2,307	1,239	233	48	42	1,328	1	128	21,888	7,195	1,857	2,109	52,900	2,214	5,479	78,674	0	44,605	27,742	-	-	-	-
(Gain) loss on interest rate derivatives
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,523	-319	-1,551	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred financing costs and net debt discounts
961	923	915	903	898	915	830	826	822	793	901	1,265	1,348	1,429	1,458	1,503	1,495	1,444	1,526	1,364	1,254	1,941	1,357	1,122	1,167	1,159	1,321	1,443	1,528	1,547	1,527	1,597	1,572	1,506	1,629	1,702	1,759	1,696	1,554	1,495	1,126
Settlement of previously accreted interest expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	8,853	2,263	0	0	0	0	-	-	-	-	-	-	-	-
Increase in deferred rent receivable
2,230	-93	1,765	-120	2,539	934	217	1,958	1,512	2,106	1,214	-860	191	-785	-346	-180	1,456	3,030	5,983	4,210	1,746	782	984	2,152	-398	-2,799	1,397	2,362	4,236	3,837	3,002	2,378	2,559	2,515	374	2,973	4,240	2,411	-994	1,734	2,555
Amortization of above or below market leases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	430	607
Amortization of net debt discounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	259	229	171	-48	-121	618	710	798	792	790	775	762	1,411	1,718	1,649	1,481	1,711	1,732	917
Gain on sales of real estate
-	-	-	-	-	2,367	0	-23	-4	4,452	1,188	12	4,238	25,578	34,101	0	0	64,047	15	-1	3,986	41	10,658	0	-4	9,004	0	329	2,354	-8	16,913	-82	4,138	3,362	1,299	166	2,701	-4	3,261	335	325
Share-based compensation
1,389	1,735	1,696	1,624	1,659	1,641	1,603	1,587	1,545	1,523	1,272	1,332	1,488	1,206	1,798	1,731	2,108	1,625	1,739	1,658	1,552	1,601	1,507	1,501	1,555	1,661	1,573	1,647	1,649	1,720	1,703	3,157	3,402	3,764	2,422	2,817	2,917	3,119	3,084	3,031	2,611
Loss (gain) on early extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	193	176	360	-78	-71,748	337	2,341	381	6	-3,436	0	0	-	-	-	-	-	-	-	-
Other
52	1,726	1,300	1,424	1,572	764	1,192	-130	907	1,247	1,108	414	1,447	-122	1,002	923	802	1,394	-168	-2,394	640	796	782	632	1,032	809	-188	1,892	580	4,092	-458	-506	1,423	1,183	-742	-202	926	1,678	2,469	54	-329
Changes in operating assets and liabilities:
Decrease in accounts receivable
-4,547	-2,342	-22,363	32,879	-1,033	6,731	-4,354	-173	-7,877	4,715	-15,802	13,311	-5,007	8,920	-6,978	3,729	-409	5,195	4,129	-17,573	6,918	8,826	-10,731	2,147	1,769	13,221	-5,907	10,726	-6,342	2,014	4,968	-239	-14,792	4,932	7,355	-6,871	827	32	6,352	-1,430	-3,274
Decrease (increase) in restricted cash and marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-407	404	-15	139	367	-842	1,577	-3,943	2,478	396	-283	-158	-1,387	1,170	-201	117	-969	1,009	-15,091	-	-	-	-	-	-	-	-
Decrease (increase) in prepaid expenses and other assets, net
-15,548	-4,421	26,026	-5,900	6,752	-2,823	18,528	-6,185	-8,533	-2,501	17,700	-6,939	-15,479	-3,219	31,081	-5,362	-5,941	-8,081	11,746	-12,870	6,352	-16,427	29,766	-3,707	494	-9,210	18,858	-1,704	-4,180	-7,018	16,700	-27,844	9,612	-	-	-	-	-	-	-	-
(Decrease) increase in accounts payable, accrued expenses and other liabilities
-16,213	753	-9,891	20,685	8,822	-530	773	-5,519	-43,903	9,529	-2,833	9,882	-12,269	11,640	16,129	19,196	-3,802	-2,965	-13,212	-147	12,704	844	11,011	8,451	4,785	3,942	1,097	1,476	-2,555	-23	4,320	-8,568	8,372	-6,342	-4,177	2,503	-10,025	12,052	-4,483	-2,638	-24,575
Decrease in restricted cash and marketable securities and prepaid expenses and other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,701	-	13,655	-4,950	-16,870
Decrease in rents received in advance and security deposits
-297	5,645	498	1,842	-4,444	7,316	-1,746	-1,664	921	-338	779	-2,949	-1,405	1,058	-3,295	-1,422	-3,691	2,644	7,403	-4,180	540	-2,064	5,555	-747	-3,225	3,254	4,444	-1,929	-1,608	859	-351	-523	-1,901	1,307	1,462	-2,648	-2,176	4,684	-1,853	-4,247	398
Decrease in interest rate derivatives in connection with cash settlement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-28,003	-	-	-	-	-	-	-	-
Net cash provided by operating activities
62,218	71,521	45,222	57,163	54,652	58,815	40,955	54,517	26,195	60,693	51,899	57,447	60,082	64,297	45,573	76,961	47,439	56,266	24,903	80,949	41,890	49,637	41,298	51,412	51,538	51,970	45,478	14,220	47,311	52,162	27,782	68,107	43,787	47,277	12,369	59,545	32,952	60,884	16,997	42,822	35,733
Supplemental schedule of non-cash investing and financing activities:
(Decrease) increase in accrued capital improvements, leasing and other investing activity costs
-4,795	6,456	-405	18,533	11,329	3,020	641	-9,323	12,232	-27,783	22,056	1,734	-6,661	-4,013	8,359	11,024	-9,420	-3,075	-27,649	19,824	-3,897	-3,605	6,979	832	-7,985	16,041	-344	-7,397	-5,353	10,400	454	-23,909	11,828	-13,595	2,261	9,882	13,171	268	6,372	-751	-1,313
Finance right-of-use asset contributed by noncontrolling interest in joint venture
0	0	0	0	2,570	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating right-of-use assets obtained in exchange for operating lease liabilities
0	585	0	-21	276	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash changes from property dispositions:
Increase in property and redeemable noncontrolling interests in connection with property contributed into a joint venture
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	22,600	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash changes from recognition of property sale previously accounted for as financing arrangement:
Other liabilities assumed on acquisition of operating properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-86	0	0	5,265	0	0	0	0	-	-	-	-	-	-	-	-	0	0	0	3,040	-	-	-	-
Increase in property and noncontrolling interests in connection with property contribution by a noncontrolling interest in a joint venture
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	9,000
Decrease in fair value of derivatives applied to accumulated other comprehensive loss and noncontrolling interests
-37,573	9,134	-11,366	-14,135	-9,450	-4,887	1,083	1,832	4,887	3,071	261	-895	1,408	15,132	1,451	-4,854	-10,414	3,123	-2,723	1,161	-2,701	-2,253	1,756	-2,926	-1,443	1,685	-1,807	8,487	1,105	8,438	-2,143	-1,727	-528	-25,626	20,706	5,696	662	-5,052	659	1,057	1,490
Decrease in redeemable noncontrolling interests and increase in other liabilities in connection with distribution payable to redeemable noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-8	8	0	6,675	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease in noncontrolling interests and increase in shareholders’ equity in connection with the conversion of common units into common shares
182	30	1,476	0	80	131	26,521	0	761	34	2,038	27	2,537	0	796	371	0	0	29	0	2,122	298	498	396	651	6	413	403	3,175	1,626	492	252	444	245	948	65	263	597	143	4,312	4,515
Adjustments to noncontrolling interests resulting from changes in COPLP ownership
453	-355	-312	-488	1,322	397	1,367	538	164	897	75	268	246	2,116	37	59	-54	91	72	44	475	3,134	176	3	69	-29	-1,722	266	2,229	4,254	-151	436	88	256	-2,236	4,615	163	8,927	-149	1,316	180
Noncontrolling Interest, Change in Redemption Value
4,101	405	-1,531	2,076	799	506	573	221	537	-382	-645	-144	545	105	167	47	302	-715	-140	666	73	-141	-710	1,257	-540	707	783	4,783	848	1,128	1,000	924	903	-	-	-	-	-	-	-	-
Corporate Office Properties, L.P.
Revenues from real estate operations received
133,092	138,522	133,926	131,263	126,569	132,894	132,570	127,575	135,027	121,345	134,814	121,407	132,985	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Construction contract and other service revenues received
24,925	28,864	44,364	15,545	5,904	6,129	9,039	9,143	9,268	29,849	32,765	16,390	23,527	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property operating expenses paid
46,330	45,133	68,173	40,331	42,974	47,608	66,397	40,430	43,212	42,050	64,844	38,846	40,837	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Construction contract and other service expenses paid
17,631	28,190	37,442	26,543	4,614	8,352	8,410	21,496	41,128	25,518	25,193	17,206	14,790	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General, administrative, leasing, business development and land carry costs paid
12,371	5,541	7,265	4,838	11,703	6,148	5,710	4,248	10,900	5,607	6,751	6,040	14,275	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense paid
16,767	14,657	17,922	16,614	18,282	16,849	19,456	17,063	19,092	17,442	19,286	16,802	19,549	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease incentives paid
3,628	3,116	3,138	2,070	1,158	1,694	1,160	621	4,204	311	39	1,646	7,729	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
928	772	872	751	910	464	479	1,657	436	458	433	190	750	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
62,218	71,521	45,222	57,163	54,652	58,815	40,955	54,517	26,195	60,693	51,899	57,447	60,082	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Development and redevelopment of properties
92,802	85,447	89,364	119,421	100,212	54,142	38,103	50,209	17,540	86,826	27,752	50,131	35,795	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tenant improvements on operating properties
10,446	7,343	8,881	3,411	4,174	7,136	9,610	9,275	9,077	13,533	6,165	6,795	6,916	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other capital improvements on operating properties
5,457	10,162	5,577	4,444	4,476	10,866	4,773	3,386	5,198	7,708	3,394	6,577	5,203	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investing receivables funded
0	11	65	53	11,051	97	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Leasing costs paid
5,950	3,323	5,870	5,093	2,539	4,649	2,439	1,823	2,015	8,113	2,564	1,862	2,042	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-192	709	2,386	-2,647	-1,297	3,815	2,422	-2,689	974	1,731	127	-2,376	630	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-114,463	-29,102	-95,283	107,525	-121,155	-80,232	-55,878	-62,004	-34,804	-36,893	6,307	-60,787	2,010	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revolving Credit Facility
251,000	60,000	91,000	135,000	123,000	173,000	55,000	71,000	82,000	84,000	55,000	213,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other debt proceeds
181,595	11,613	21,396	7,256	3,350	2,139	11,267	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revolving Credit Facility
186,000	103,000	34,000	234,000	74,000	59,000	126,000	54,000	55,000	128,000	79,000	19,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Scheduled principal amortization
1,021	1,010	1,107	1,095	1,098	1,079	1,060	1,049	1,052	1,034	1,015	1,005	1,008	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred financing costs paid
1,261	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from issuance of common shares
0	0	0	0	46,415	39,835	109,953	32,288	19,989	49,700	-1	1,598	18,237	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common share/unit dividends/distributions paid
31,143	31,170	31,176	31,150	30,675	30,302	29,293	28,981	28,749	28,285	28,272	28,292	28,091	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions paid to redeemable noncontrolling interests
11,870	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of vested equity awards
1,492	91	53	103	1,817	91	86	198	1,327	104	56	60	1,753	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-2,806	4,351	-3,206	-1,197	1,153	2,863	-1,413	-187	-5,183	5,767	2,460	57	-3,009	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
197,002	-61,796	36,834	-125,729	66,328	20,435	15,278	7,531	6,311	-21,593	-58,909	-212,091	-45,953	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash and cash equivalents and restricted cash
144,757	-19,377	-13,227	38,959	-175	-982	355	44	-2,298	2,207	-703	-215,431	16,139	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
25,550	44,877	23,246	109,563	22,318	18,456	20,322	21,085	18,780	11,008	22,334	18,859	22,740	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and other amortization
33,015	33,217	35,159	35,298	35,229	36,623	34,756	33,649	34,035	34,538	35,015	33,378	33,570	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred financing costs and net debt discounts
961	923	915	903	898	915	830	826	822	793	901	1,265	1,348	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in deferred rent receivable
2,230	-93	1,765	-120	2,539	934	217	1,958	1,512	2,106	1,214	-860	191	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share-based compensation
1,389	1,735	1,696	1,624	1,659	1,641	1,603	1,587	1,545	1,523	1,272	1,332	1,488	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
52	1,726	1,300	1,424	1,572	764	1,192	-130	907	1,247	1,108	414	1,447	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease in accounts receivable
-4,547	-2,342	-22,363	32,879	-1,033	6,731	-4,354	-173	-7,877	4,715	-15,802	13,311	-5,007	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease (increase) in prepaid expenses and other assets, net
-14,768	-3,234	26,006	-5,923	6,406	-2,345	18,376	-5,898	-8,398	-2,710	17,438	-6,933	-14,193	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Decrease) increase in accounts payable, accrued expenses and other liabilities
-15,433	1,940	-9,911	20,662	8,476	-52	621	-5,232	-43,768	9,320	-3,095	9,888	-10,983	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease in rents received in advance and security deposits
-297	5,645	498	1,842	-4,444	7,316	-1,746	-1,664	921	-338	779	-2,949	-1,405	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
62,218	71,521	45,222	57,163	54,652	58,815	40,955	54,517	26,195	60,693	51,899	57,447	60,082	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Decrease) increase in accrued capital improvements, leasing and other investing activity costs
-4,795	6,456	-405	18,533	11,329	3,020	641	-9,323	12,232	-27,783	22,056	1,734	-6,661	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Finance right-of-use asset contributed by noncontrolling interest in joint venture
0	0	0	0	2,570	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating right-of-use assets obtained in exchange for operating lease liabilities
0	585	0	-21	276	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease in fair value of derivatives applied to accumulated other comprehensive loss and noncontrolling interests
-37,573	9,134	-11,366	-14,135	-9,450	-4,887	1,083	1,832	4,887	3,071	261	-895	1,408	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncontrolling Interest, Change in Redemption Value
4,101	405	-1,531	2,076	799	506	573	221	537	-382	-645	-144	545	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Corporate Office Properties, L.P
Sale of properties
-	-	-	-	-	-	-	-	-	79,732	46,309	2,202	52,596	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Finance Lease, Principal Payments
-	-	-	-	-	0	0	11,177	4,202	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of preferred shares
-	-	-	-	-	-	-	-	-	0	0	172,500	26,583	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred share/unit dividends/distributions paid
-	-	-	-	-	-	-	165	165	165	165	5,889	3,746	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sales of real estate
-	-	-	-	-	2,367	0	-23	-4	4,452	1,188	12	4,238	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Corporate Office Properties, L.P. [Member]
Payments on capital lease obligations
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-