One liberty properties, inc. (OLP)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net income

18,544

21,564

24,249

24,481

21,907

22,210

17,924

32,308

13,720

9,306

19,641

Adjustments to reconcile net income to net cash provided by operating activities:
Gain on sale of real estate, net

4,327

5,262

9,837

10,087

5,392

10,180

-

19,732

932

-

5,757

Loss on sale of available-for-sale securities

-

-

-

27

-

-

-

-

-

-

-

Purchase price fair value adjustment

-

-

-

-

960

-

-

-

-

-

-

Gain on disposition of real estate held by unconsolidated joint venture

-

-

-

-

-

-

2,807

-

-

-

-

Gain on sale - unconsolidated joint venture interest

-

-

-

-

-

-

1,898

-

-

107

-

Gain on sale of available-for-sale securities

-

-

-

-

-

134

6

9

-

384

-

Impairment loss

-

-

153

-

-

1,093

62

-

-

-

229

Prepayment costs on debt

-

-

-

577

568

1,581

-

-

1,240

-

-

Increase in unbilled rent receivable

1,547

1,156

794

2,286

1,448

1,569

1,114

1,354

1,455

675

-

Write-off of unbilled rent receivable

-585

-1,514

-362

7

566

-

-

-

-

-

-

Bad debt expense

-

684

291

98

-

0

-

-

-

-

-

Increase in rental income resulting from bad debt recovery, net

-

-

-

-

-

-

-

-117

467

525

-619

Amortization and write-off of intangibles relating to leases, net

-914

-1,849

-897

-712

-723

-267

-160

2

26

-

-

Impairment charge on available-for-sale securities

-

-

-

-

-

-

-

-

126

-

-

Gain on troubled mortgage restructuring, as a result of conveyance to mortgagee

-

-

-

-

-

-

-

-

-

-

897

Increase in rental income from straight-lining of rent

-

-

-

-

-

-

-

-

-

-

1,336

Increase in rental income from amortization of intangibles relating to leases

-

-

-

-

-

-

-

-

-

-454

23

Amortization of restricted stock expense

3,870

3,510

3,133

2,983

2,334

1,833

1,440

1,223

1,009

915

853

Retirement of common stock

-

-

-

-

-

-

-

-

-

-

51

Equity in (earnings) loss of unconsolidated joint ventures

16

1,304

826

1,005

412

533

651

1,368

914

992

559

Equity in earnings from sale of unconsolidated joint venture property

-

2,057

-

-

-

-

-

-

-

-

-

Distributions of earnings from unconsolidated joint ventures

97

2,341

656

939

540

502

1,103

1,016

902

978

507

Depreciation and amortization

22,026

24,155

20,993

18,164

16,384

14,662

12,043

9,966

9,439

8,659

9,066

Amortization and write-off of deferred financing costs

995

985

977

904

1,023

1,037

891

800

850

610

1,012

Payment of leasing commissions

523

442

168

1,050

716

165

200

438

183

422

-

Investment in unconsolidated joint venture

-

-

-

-

-

-

-

-

669

-

7

Prepaid tenant improvement allowance

-

-

-

-

-

-

-

-

-

1,750

-

Decrease in escrow, deposits, other assets and receivables

-129

1,183

-252

1,734

-197

-1,149

1,653

492

395

561

976

Increase (decrease) in accrued expenses and other liabilities

-2,687

1,146

5,885

-1,281

616

505

1,763

71

33

1,120

-682

Net cash provided by operating activities

36,232

42,646

44,429

29,971

34,484

31,803

26,737

21,876

21,636

18,940

21,692

Cash flows from investing activities:
Purchase of real estate

49,887

80,290

43,537

118,589

67,445

57,096

107,579

44,088

25,668

37,542

576

Improvements to real estate

3,514

7,311

6,565

4,868

3,868

769

2,867

4,969

3,746

1,208

-

Net proceeds from sale of real estate

40,761

27,088

26,301

42,312

16,025

43,788

-

36,062

11,544

4,136

24,014

Contributions of capital to unconsolidated joint venture

296

-

-

-

-

-

-

-

-

-

-

Purchase of partner's interest in consolidated joint venture

-

-

-

446

6,300

-

-

-

-

-

-

Investment in unconsolidated joint ventures

-

-

-

-

12,686

-

-

-

-

-

-

Distributions of capital from unconsolidated joint ventures

11

852

357

647

776

53

5,495

145

95

991

86

Net proceeds from sale of available-for-sale securities

-

-

-

33

-

266

19

373

-

6,345

4,495

Net proceeds from disposition of unconsolidated joint venture interest

-

-

-

-

-

-

13,444

-

-

-

-

Purchase of available-for-sale securities

-

-

-

-

-

-

-

-

-

-

10,683

Net cash used in investing activities

-12,925

-59,661

-23,444

-80,911

-73,498

-13,758

-91,488

-12,477

-18,627

-29,450

17,329

Cash flows from financing activities:
Scheduled amortization payments of mortgages payable

13,158

11,081

10,520

9,138

7,793

7,597

6,808

5,533

5,181

5,066

5,692

Repayment of mortgages payable

19,970

24,502

12,936

63,726

27,967

38,873

4,708

32,422

15,302

10,689

14,088

Proceeds from mortgage financings

50,310

61,733

21,210

137,628

79,605

60,474

63,590

65,989

12,455

7,500

2,559

Proceeds from sale of common stock, net

5,200

3,138

5,570

25,787

6,457

3,768

9,165

2,131

40,569

-

-

Proceeds from bank line of credit

54,550

74,500

47,000

86,000

45,400

42,500

32,500

14,550

28,500

28,700

-

Repayment on bank line of credit

73,100

53,900

47,600

94,250

40,400

52,500

9,250

34,550

44,700

19,500

-

Issuance of shares through dividend reinvestment plan

5,712

5,990

4,534

3,107

4,284

4,449

4,235

3,652

3,751

1,200

-

Payment of financing costs

1,443

1,182

160

2,220

897

1,782

656

2,111

741

1,272

208

Prepayment costs on debt

-

-

-

577

568

1,581

-

-

-

-

-

Capital contributions from non-controlling interests

-

-

20

80

713

639

480

571

666

-

-

Distributions to non-controlling interests

752

1,195

181

271

1,829

228

298

290

-

-

-

Cash distributions to common stockholders

35,421

34,421

31,704

28,230

25,599

23,601

21,445

19,477

18,090

10,564

2,939

Repurchase of common stock

-

-

-

-

-

-

-

-

-

-

1,416

Expenses associated with stock issuance

-

-

-

-

-

-

-

-

-

103

148

Net cash provided by (used in) financing activities

-28,072

19,080

-24,767

54,190

31,406

-14,332

66,805

-7,490

1,927

-9,794

-21,932

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

-4,765

2,065

-3,782

3,250

-7,608

3,713

2,054

1,909

4,936

-20,304

17,089

Supplemental disclosures of cash flow information:
Cash paid during the year for interest expense

19,976

17,783

17,777

17,310

15,986

16,403

13,744

13,088

13,363

13,934

15,287

Cash paid during the year for Federal excise tax, net

-

-

-

190

300

64

290

-

-

-

-

Cash paid during the period for income taxes

-

-

-

-

-

90

78

68

70

73

67

Supplemental disclosure of non-cash investing activities:
Right of use assets and related lease liabilities

5,027

-

-

-

-

-

-

-

-

-

-

Purchase accounting allocation - intangible lease assets

4,245

4,435

4,009

8,194

5,776

4,771

11,624

6,641

2,387

5,500

-

Purchase accounting allocation - intangible lease liabilities

-915

-2,508

-158

-6,288

-5,365

-4,376

-2,210

-588

-614

1,040

-

Mortgage debt extinguished upon conveyance of the Company's Morrow, Georgia property to mortgagee by deed-in-lieu of foreclosure

-

-

-

-

1,466

-

-

-

-

-

-

Consolidation of real estate investment

-

-

-

-

2,633

-

-

-

-

-

-

Contribution of property to unconsolidated joint venture

-

-

-

-

-

-

-

11,734

-

-

-

Mortgage debt extinguished upon conveyance of properties to mortgagee by deeds-in-lieu of foreclosure

-

-

-

-

-

-

-

-

-

-

8,706

Properties conveyed to mortgagee

-

-

-

-

-

-

-

-

-

-

8,075

Liabilities extinguished upon transfer to mortgagee

-

-

-

-

-

-

-

-

-

-

543

Common stock dividend - portion paid in shares of Company's common stock

-

-

-

-

-

-

-

-

-

2,209

6,263

Assumption of mortgages payable in connection with purchase of real estate

-

-

-

-

-

-

-

-

-

33,548

-9,069

Settlement of mortgage debt

-

-

-

-

-

-

-

-

1,259

-

-

Reclassification of 2010 prepaid tenant improvement allowance to building improvements

-

-

-

-

-

-

-

-

1,750

-

-