One liberty properties, inc. (OLP)
CashFlow / TTM
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

22,364

18,544

13,849

18,934

18,922

21,564

25,623

22,569

28,016

24,249

24,421

21,617

24,082

24,481

25,262

24,729

15,985

21,907

28,313

27,169

28,117

22,210

14,104

14,685

17,775

17,924

19,338

34,530

32,531

32,308

30,480

14,825

14,214

13,720

0

0

0

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

0

-

-

-

-

5,262

0

0

0

-

-

-

-

10,087

9,824

20,489

11,571

5,392

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase price fair value adjustment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

960

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

6

6

-313

9

0

0

0

-

-

-

-

Prepayment costs on debt

-

-

-

-

-

-

-

-

-

-

-

-

-

577

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in unbilled rent receivable

1,532

1,547

1,486

1,418

1,264

1,156

1,126

987

878

794

1,038

1,489

1,888

2,286

1,878

1,710

1,648

1,448

1,788

1,839

1,634

1,569

1,471

1,309

1,229

1,114

1,059

1,073

1,191

1,354

0

0

0

-

-

-

-

Write-off of unbilled rent receivable

-

-

-

-

-

-

-

-

-

-362

0

0

0

-

-

-

-

566

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bad debt expense

-

-

-

-

-

-

-

-

-

291

218

218

241

98

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in rental income resulting from bad debt recovery, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-117

-163

-58

795

467

0

0

0

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

-850

-914

-953

-1,870

-1,863

-1,849

-1,848

-963

-891

-897

-901

-840

-798

-712

-567

-691

-756

-723

-744

-543

-338

-267

-205

-144

-194

-160

0

0

0

-

-

-

-

-

-

-

-

Increase in rental income from straight-lining of rent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Increase in rental income from amortization of intangibles relating to leases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Amortization of restricted stock expense

3,892

3,870

3,691

3,720

3,638

3,510

3,445

3,158

3,217

3,133

3,148

3,234

3,059

2,983

2,768

2,578

2,423

2,334

2,207

2,075

1,938

1,833

1,676

1,594

1,515

1,440

1,446

1,403

1,318

1,223

1,148

1,074

1,040

1,009

0

0

0

Equity in (earnings) loss of unconsolidated joint ventures

196

16

556

679

993

1,304

879

918

776

826

874

890

1,041

1,005

895

1,014

474

412

447

234

547

533

535

523

450

651

866

1,011

1,488

1,368

1,688

1,527

1,097

914

0

0

0

Equity in earnings from sale of unconsolidated joint venture property

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions of earnings from unconsolidated joint ventures

-

-

-

-

-

2,341

2,400

348

485

656

768

941

956

939

830

540

533

540

568

607

601

502

534

532

762

1,103

1,254

1,385

1,218

1,016

1,324

1,194

1,061

902

0

0

0

Depreciation and amortization

22,353

22,026

24,404

24,510

24,320

24,155

21,239

20,682

20,622

20,993

20,776

20,324

19,532

18,164

17,540

17,312

16,835

16,384

15,767

15,017

14,819

14,662

14,622

13,957

12,950

12,043

10,943

10,387

10,183

9,966

9,733

9,693

9,525

9,439

0

0

0

Amortization and write-off of deferred financing costs

1,006

995

1,055

1,023

989

985

929

972

978

977

977

903

887

904

839

837

812

1,023

1,124

1,212

1,252

1,037

970

918

918

891

868

849

820

800

763

745

730

850

0

0

0

Payment of leasing commissions

420

523

454

533

575

442

0

0

0

-

-

-

-

1,050

1,048

951

513

716

709

764

718

165

243

200

181

200

238

259

295

438

0

0

0

-

-

-

-

Investment in unconsolidated joint venture

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

669

0

0

0

Decrease in escrow, deposits, other assets and receivables

63

-129

-134

1,218

848

1,183

1,175

-363

-555

-252

308

112

1,433

1,734

778

782

163

-197

-436

129

34

-1,149

14

302

182

1,653

-8

73

792

492

1,637

230

408

395

0

0

0

Increase (decrease) in accrued expenses and other liabilities

-368

-2,687

1,975

1,136

-1,084

1,146

3,221

3,704

5,365

5,885

104

794

-180

-1,281

-167

-554

998

616

1,550

693

550

505

269

1,112

419

1,763

1,793

1,023

772

71

-210

80

81

33

0

0

0

Net cash provided by operating activities

38,168

36,232

40,867

42,158

40,819

42,646

43,919

42,969

44,519

44,429

37,630

38,018

33,811

29,971

33,648

32,244

34,161

34,484

31,720

29,711

30,893

31,803

30,728

30,208

27,438

26,737

26,194

24,901

23,369

21,876

20,791

21,895

21,429

21,636

0

0

0

Cash flows from investing activities:
Purchase of real estate

0

-

-

-

-

80,290

0

0

0

-

-

-

-

118,589

118,486

82,965

53,082

67,445

91,477

55,679

83,400

57,096

39,432

134,529

108,048

107,579

131,221

36,418

38,931

44,088

16,962

36,941

32,852

25,668

0

0

0

Improvements to real estate

2,936

3,514

3,461

3,655

2,767

7,311

11,073

11,913

11,384

6,565

3,289

3,470

3,757

4,868

5,289

4,885

5,036

3,868

2,532

1,148

1,086

769

1,903

2,885

2,573

2,867

3,849

2,965

4,109

4,969

0

0

0

-

-

-

-

Net proceeds from sale of real estate

0

-

-

-

-

27,088

0

0

0

-

-

-

-

42,312

40,207

40,051

13,750

16,025

54,636

54,636

54,636

43,788

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of partner's interest in consolidated joint venture

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,300

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in unconsolidated joint ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,686

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions of capital from unconsolidated joint ventures

-

11

0

0

0

-

-

-

-

357

640

535

585

647

320

296

374

776

761

736

621

53

0

0

0

-

-

-

-

145

132

156

134

95

0

0

0

Net proceeds from sale of available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19

23

23

23

373

0

0

0

-

-

-

-

Net proceeds from disposition of unconsolidated joint venture interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,444

0

0

0

-

-

-

-

-

-

-

-

Net cash used in investing activities

-33,769

-12,925

-73,052

-68,164

-51,164

-59,661

-17,083

-12,168

-32,316

-23,444

-12,340

-98,700

-76,562

-80,911

-83,215

-47,470

-53,016

-73,498

-57,598

-20,441

-38,927

-13,758

-35,741

-131,670

-86,487

-91,488

-104,595

8,622

-6,711

-12,477

1,311

-36,147

-26,085

-18,627

0

0

0

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

13,412

13,158

12,696

12,201

11,554

11,081

10,784

10,671

10,631

10,520

10,325

10,084

9,612

9,138

8,735

8,240

7,995

7,793

7,601

7,601

7,598

7,597

7,624

7,404

7,113

6,808

6,304

5,949

5,739

5,533

5,137

5,184

5,174

5,181

0

0

0

Repayment of mortgages payable

0

-

-

-

-

24,502

0

0

0

-

-

-

-

63,726

40,774

40,774

46,314

27,967

38,725

45,178

32,038

38,873

0

0

0

-

-

-

-

-

-

-

-

15,302

0

0

0

Proceeds from mortgage financings

44,965

50,310

63,690

71,728

77,378

61,733

0

0

0

-

-

-

-

137,628

124,702

102,537

74,687

79,605

79,640

72,146

61,007

60,474

50,028

84,819

89,325

63,590

87,572

60,039

59,132

65,989

0

0

0

-

-

-

-

Proceeds from sale of common stock, net

-

5,200

0

0

0

-

-

-

-

5,570

14,557

20,629

25,075

25,787

0

0

0

-

-

-

-

3,768

0

0

0

-

-

-

-

-

-

-

-

40,569

0

0

0

Proceeds from bank line of credit

92,050

54,550

94,150

83,150

58,500

74,500

0

0

0

-

-

-

-

86,000

86,000

49,000

36,000

45,400

60,400

50,900

68,900

42,500

33,000

56,500

32,500

32,500

32,250

8,750

8,750

14,550

0

0

0

-

-

-

-

Repayment on bank line of credit

67,200

73,100

74,700

71,300

73,400

53,900

47,400

51,700

51,100

47,600

50,900

71,850

90,350

94,250

98,950

53,900

34,400

40,400

45,900

57,500

53,500

52,500

0

0

0

-

-

-

-

34,550

31,450

18,200

20,700

44,700

0

0

0

Issuance of shares through dividend reinvestment plan

4,679

5,712

6,039

6,094

6,008

5,990

5,447

5,072

4,743

4,534

4,276

3,944

3,438

3,107

3,387

3,837

4,340

4,284

4,171

3,905

3,740

4,449

4,592

4,256

4,380

4,235

4,138

4,041

3,850

3,652

3,464

3,797

3,856

3,751

0

0

0

Payment of financing costs

1,230

1,443

1,601

1,302

1,396

1,182

685

449

484

160

1,110

859

1,557

2,220

1,161

1,708

1,003

897

2,066

1,782

1,919

1,782

934

1,005

845

656

985

1,466

1,915

2,111

1,578

1,085

643

741

0

0

0

Prepayment costs on debt

-

-

-

-

-

-

-

-

-

-

-

-

-

577

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital contributions from non-controlling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

713

0

0

0

-

-

-

-

480

959

959

1,017

571

0

0

0

-

-

-

-

Distributions to non-controlling interests

755

752

746

733

118

1,195

1,213

1,213

1,232

181

183

173

222

271

395

421

327

1,829

1,699

1,705

1,735

228

0

0

0

-

-

-

-

290

0

0

0

-

-

-

-

Cash distributions to common stockholders

35,662

35,421

35,173

34,902

34,652

34,421

33,778

33,060

32,391

31,704

30,897

30,051

29,135

28,230

27,463

26,795

26,180

25,599

25,097

24,624

24,115

23,601

23,072

22,559

21,999

21,445

20,929

20,375

19,924

19,477

19,330

19,212

19,089

18,090

0

0

0

Net cash provided by (used in) financing activities

4,294

-28,072

25,604

30,348

9,540

19,080

-24,983

-32,515

-12,065

-24,767

-29,448

38,113

44,130

54,190

53,316

33,641

6,239

31,406

25,515

-10,466

15,019

-14,332

369

78,869

58,832

66,805

81,870

-7,945

-17,470

-7,490

-15,098

18,158

10,129

1,927

0

0

0

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

8,693

-4,765

-6,581

4,342

-805

2,065

1,853

-1,714

138

-3,782

-4,158

-22,569

1,379

3,250

3,749

18,415

-12,616

-7,608

-363

-1,196

6,985

3,713

-4,644

-22,593

-217

2,054

3,469

25,578

-812

1,909

7,004

3,906

5,473

4,936

0

0

0

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

19,881

19,976

19,724

18,974

18,425

17,783

17,623

17,779

17,751

17,777

18,070

17,822

17,504

17,310

16,746

16,420

16,332

15,986

15,851

16,140

16,159

16,403

16,388

15,442

14,708

13,744

12,808

12,552

12,726

13,088

12,941

13,106

13,602

13,363

0

0

0

Cash paid during the year for Federal excise tax, net

-

-

-

-

-

-

-

-

-

-

-

-

-

190

190

190

190

300

300

189

300

64

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

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

0

-

-

-

-

-

-

-

-

-

-

-

-

8,194

8,190

7,214

4,217

5,776

8,552

5,311

6,881

4,771

3,290

12,851

11,450

11,624

13,487

3,916

4,490

6,641

4,252

5,640

4,711

2,387

0

0

0

Purchase accounting allocation - intangible lease liabilities

-1,483

-915

0

0

0

-

-

-

-

-

-

-

-

-6,288

-6,287

-919

-648

-5,365

-12,586

-11,829

-9,560

-4,376

-910

-396

-2,696

-2,210

945

280

280

-588

-1,215

-1,237

-2,656

-614

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,466

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Consolidation of real estate investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,633

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contribution of property to unconsolidated joint venture

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,734

0

0

0

-

-

-

-

Reclassification of 2010 prepaid tenant improvement allowance to building improvements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,750

0

0

0