One liberty properties, inc. (OLP)
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'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Cash flows from operating activities:
Net income

7,831

4,878

5,097

4,558

4,011

183

10,182

4,546

6,653

4,242

7,128

9,993

2,886

4,414

4,324

12,458

3,285

5,195

3,791

3,714

9,207

11,601

2,647

4,662

3,300

3,495

3,228

7,752

3,449

4,909

18,420

5,753

3,226

3,081

2,765

5,142

2,732

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

4,252

-

-

-

-

-1,731

4,585

0

2,408

-

-

-

-

263

119

8,918

787

0

10,784

0

-5,392

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase price fair value adjustment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

960

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

6

0

0

-319

328

-

-

-

-

Prepayment costs on debt

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

154

423

-

-

-

-568

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in unbilled rent receivable

380

376

372

404

395

315

304

250

287

285

165

141

203

529

616

540

601

121

448

478

401

461

499

273

336

363

337

193

221

308

351

311

384

-

-

-

-

Write-off of unbilled rent receivable

-

-

-

-

-

-

-

-

-

-724

0

99

263

-

-

-

-

251

89

0

226

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bad debt expense

-

-

-

-

-

-

-

-

-

-19

0

14

296

-92

0

37

153

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in rental income resulting from bad debt recovery, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

-99

-34

17

-47

6

819

-311

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

-190

-205

-200

-255

-254

-244

-1,117

-248

-240

-243

-232

-176

-246

-247

-171

-134

-160

-102

-295

-199

-127

-123

-94

6

-56

-61

-33

-44

-22

-

-

-

-

-

-

-

-

Increase in rental income from straight-lining of rent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

339

Increase in rental income from amortization of intangibles relating to leases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

7

-9

-

3

14

33

Amortization of restricted stock expense

976

1,036

942

938

954

857

971

856

826

792

684

915

742

807

770

740

666

592

580

585

577

465

448

448

472

308

366

369

397

314

323

284

302

239

249

250

271

Equity in (earnings) loss of unconsolidated joint ventures

64

48

50

34

-116

588

173

348

195

163

212

206

245

211

228

357

209

101

347

-183

147

136

134

130

133

138

122

57

334

353

267

534

214

673

106

104

31

Equity in earnings from sale of unconsolidated joint venture property

121

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions of earnings from unconsolidated joint ventures

-

-

-

-

-

13

2,240

37

51

72

188

174

222

184

361

189

205

75

71

182

212

103

110

176

113

135

108

406

454

286

239

239

252

594

109

106

93

Depreciation and amortization

5,674

5,673

5,566

5,440

5,347

8,051

5,672

5,250

5,182

5,135

5,115

5,190

5,553

4,918

4,663

4,398

4,185

4,294

4,435

3,921

3,734

3,677

3,685

3,723

3,577

3,637

3,020

2,716

2,670

2,537

2,464

2,512

2,453

2,304

2,424

2,344

2,367

Amortization and write-off of deferred financing costs

243

256

252

255

232

316

220

221

228

260

263

227

227

260

189

211

244

195

187

186

455

296

275

226

240

229

223

226

213

206

204

197

193

169

186

182

313

Payment of leasing commissions

38

257

80

45

141

188

159

87

8

-

-

-

-

9

167

527

347

7

70

89

550

0

125

43

-3

78

82

24

16

116

103

60

159

-

-

-

-

Investment in unconsolidated joint venture

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

669

Decrease in escrow, deposits, other assets and receivables

-303

34

520

-188

-495

29

1,872

-558

-160

21

334

-750

143

581

138

571

444

-375

142

-48

84

-614

707

-143

-1,099

549

995

-263

372

-1,112

1,076

456

72

33

-331

634

59

Increase (decrease) in accrued expenses and other liabilities

69

-2,116

1,066

613

-2,250

2,546

227

-1,607

-20

4,621

710

54

500

-1,160

1,400

-920

-601

-46

1,013

632

-983

888

156

489

-1,028

652

999

-204

316

682

229

-455

-385

401

519

-454

-433

Net cash provided by operating activities

10,051

8,382

9,539

10,196

8,115

13,017

10,830

8,857

9,942

14,290

9,880

10,407

9,852

7,491

10,268

6,200

6,012

11,168

8,864

8,117

6,335

8,404

6,855

9,299

7,245

7,329

6,335

6,529

6,544

6,786

5,042

4,997

5,051

5,701

6,146

4,531

5,258

Cash flows from investing activities:
Purchase of real estate

28,504

-

-

-

-

61,838

0

5,552

12,900

-

-

-

-

0

71,321

30,218

17,050

-103

35,800

335

31,413

23,929

2

28,056

5,109

6,265

95,099

1,575

4,640

29,907

296

4,088

9,797

2,781

20,275

-1

2,613

Improvements to real estate

109

535

644

1,648

687

482

838

760

5,231

4,244

1,678

231

412

968

1,859

518

1,523

1,389

1,455

669

355

53

71

607

38

1,187

1,053

295

332

2,169

169

1,439

1,192

-

-

-

-

Net proceeds from sale of real estate

7,093

-

-

-

-

9,671

8,459

0

8,958

-

-

-

-

2,105

156

26,301

13,750

0

0

0

16,025

38,611

0

0

5,177

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of partner's interest in consolidated joint venture

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

6,300

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in unconsolidated joint ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

9,022

3,664

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions of capital from unconsolidated joint ventures

-

0

0

0

11

-

-

-

-

59

157

30

111

342

52

80

173

15

28

158

575

0

3

43

7

-

-

-

-

50

11

35

49

37

35

13

10

Net proceeds from sale of available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

19

4

0

0

369

-

-

-

-

Net proceeds from disposition of unconsolidated joint venture interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

13,439

5

-

-

-

-

-

-

-

-

Net cash used in investing activities

-21,520

7,478

3,585

-23,312

-676

-52,649

8,473

-6,312

-9,173

-10,071

13,388

-26,460

-301

1,033

-72,972

-4,322

-4,650

-1,271

-37,227

-9,868

-25,132

14,629

-70

-28,354

37

-7,354

-95,999

16,829

-4,964

-20,461

17,218

1,496

-10,730

-6,673

-20,240

11,558

-3,272

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

3,389

3,471

3,254

3,298

3,135

3,009

2,759

2,651

2,662

2,712

2,646

2,611

2,551

2,517

2,405

2,139

2,077

2,114

1,910

1,894

1,875

1,922

1,910

1,891

1,874

1,949

1,690

1,600

1,569

1,445

1,335

1,390

1,363

1,049

1,382

1,380

1,370

Repayment of mortgages payable

3,332

-

-

-

-

11,771

2,904

728

9,099

-

-

-

-

25,611

0

7,600

30,515

2,659

0

13,140

12,168

13,417

6,453

0

19,003

-

-

-

-

-

-

-

-

0

-1

7,635

7,668

Proceeds from mortgage financings

18,200

17,490

9,275

0

23,545

30,870

17,313

5,650

7,900

-

-

-

-

26,526

47,402

40,350

23,350

13,600

25,237

12,500

28,268

13,635

17,743

1,361

27,735

3,189

52,534

5,867

2,000

27,171

25,001

4,960

8,857

-

-

-

-

Proceeds from sale of common stock, net

-

-56

-58

4,275

1,039

-

-

-

-

2,503

2,418

14

635

11,490

8,490

4,460

1,347

-

-

-

-

-7

471

2,660

644

-

-

-

-

-

-

-

-

0

0

0

40,569

Proceeds from bank line of credit

41,500

6,400

14,500

29,650

4,000

46,000

3,500

5,000

20,000

-

-

-

-

0

46,500

19,000

20,500

0

9,500

6,000

29,900

15,000

0

24,000

3,500

5,500

23,500

0

3,500

5,250

0

0

9,300

-

-

-

-

Repayment on bank line of credit

22,100

14,400

27,200

3,500

28,000

16,000

23,800

5,600

8,500

9,500

28,100

5,000

5,000

12,800

49,050

23,500

8,900

17,500

4,000

4,000

14,900

23,000

15,600

0

13,900

-

-

-

-

11,600

13,250

7,500

2,200

8,500

0

10,000

26,200

Issuance of shares through dividend reinvestment plan

166

1,393

1,532

1,588

1,199

1,720

1,587

1,502

1,181

1,177

1,212

1,173

972

919

880

667

641

1,199

1,330

1,170

585

1,086

1,064

1,005

1,294

1,229

728

1,129

1,149

1,132

631

938

951

944

964

997

846

Payment of financing costs

165

349

712

4

378

507

413

98

164

10

177

133

-160

960

-74

831

503

-99

473

126

397

1,070

189

263

260

222

260

103

71

551

741

552

267

18

248

110

365

Prepayment costs on debt

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

154

423

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital contributions from non-controlling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

50

0

663

-

-

-

-

-1

0

10

471

478

0

68

25

-

-

-

-

Distributions to non-controlling interests

8

21

34

692

5

15

21

77

1,082

33

21

96

31

35

11

145

80

159

37

51

1,582

29

43

81

75

-

-

-

-

0

0

0

290

-

-

-

-

Cash distributions to common stockholders

8,965

8,943

8,923

8,831

8,724

8,695

8,652

8,581

8,493

8,052

7,934

7,912

7,806

7,245

7,088

6,996

6,901

6,478

6,420

6,381

6,320

5,976

5,947

5,872

5,806

5,447

5,434

5,312

5,252

4,931

4,880

4,861

4,805

4,784

4,762

4,738

3,806

Net cash provided by (used in) financing activities

21,907

-15,115

-19,981

17,483

-10,459

38,561

-15,237

-3,325

-919

-5,502

-22,769

17,125

-13,621

-10,183

44,792

23,142

-3,561

-11,057

25,117

-4,260

21,606

-16,948

-10,864

21,225

-7,745

-2,247

67,636

1,188

228

12,818

-22,179

-8,337

10,208

5,210

11,077

-16,366

2,006

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

10,438

745

-6,857

4,367

-3,020

-1,071

4,066

-780

-150

-1,283

499

1,072

-4,070

-1,659

-17,912

25,020

-2,199

-1,160

-3,246

-6,011

2,809

6,085

-4,079

2,170

-463

-2,272

-22,028

24,546

1,808

-857

81

-1,844

4,529

4,238

-3,017

-277

3,992

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

4,844

4,839

5,225

4,973

4,939

4,587

4,475

4,424

4,297

4,427

4,631

4,396

4,323

4,720

4,383

4,078

4,129

4,156

4,057

3,990

3,783

4,021

4,346

4,009

4,027

4,006

3,400

3,275

3,063

3,070

3,144

3,449

3,425

2,923

3,309

3,945

3,186

Cash paid during the year for Federal excise tax, net

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

190

0

0

0

300

0

-111

111

64

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental disclosure of non-cash investing activities:
Purchase accounting allocation - intangible lease assets

3,905

-

-

-

-

-

-

-

-

-

-

-

-

0

4,227

3,008

959

-4

3,251

11

2,518

2,772

10

1,581

408

1,291

9,571

180

582

3,154

0

754

2,733

765

1,388

-175

409

Purchase accounting allocation - intangible lease liabilities

-568

-238

-372

-305

0

-

-

-

-

-

-

-

-

0

-5,952

-240

-96

1

-584

31

-4,813

-7,220

173

2,300

371

-3,754

687

0

857

-599

22

0

-11

-1,226

0

-1,419

2,031

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,466

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Consolidation of real estate investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2,633

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contribution of property to unconsolidated joint venture

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

11,734

-

-

-

-

Reclassification of 2010 prepaid tenant improvement allowance to building improvements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,750