Office properties income trust (OPINI)
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 (Loss) Attributable to Parent

7,156

30,335

-92,389

-88,899

5,570

-21,884

17,820

29,258

11,240

12,090

42,146

42,735

47,871

57,843

43,439

48,772

-159,204

-209,961

-193,508

-197,797

7,974

56,534

55,144

44,488

45,084

54,620

55,087

64,877

61,627

49,960

50,017

49,824

48,802

45,997

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation

86,270

89,400

83,659

78,739

73,142

66,685

68,088

63,066

58,023

52,427

46,338

45,106

43,828

42,489

41,483

40,405

39,598

38,987

38,652

38,642

38,141

37,671

36,812

35,813

35,255

34,694

34,467

33,965

33,155

32,348

31,525

30,189

28,702

26,886

0

0

0

Net amortization of debt premiums, discounts and issuance costs

10,182

10,740

9,141

7,474

5,502

3,626

3,564

3,661

3,578

3,420

3,413

3,228

3,168

2,832

2,380

1,935

1,515

1,376

1,404

1,417

1,312

1,310

1,264

1,230

1,339

1,340

1,336

1,336

1,339

1,332

1,256

1,183

1,110

1,045

0

0

0

Amortization of acquired real estate leases

186,598

197,978

174,049

147,597

121,422

94,375

108,016

91,203

74,292

56,174

32,647

31,370

29,963

29,003

28,801

28,849

28,996

28,624

29,190

29,628

29,033

27,713

26,127

23,897

22,429

21,608

20,930

20,646

20,068

19,507

19,307

17,741

15,583

13,071

0

0

0

Gain (Loss) on Sale of Properties, Net of Applicable Income Taxes

93,795

105,131

36,870

25,407

42,753

20,661

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on impairment of real estate

19,051

22,255

16,935

8,414

5,718

8,630

15,060

15,290

15,606

9,490

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on early extinguishment of debt

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Extinguishment of Debt

-

-

-

-

-

-709

0

0

0

-

-

-

-

104

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Straight line rental income

26,296

27,507

21,704

16,790

13,867

10,164

10,292

9,013

7,373

5,582

4,017

4,511

3,842

2,691

2,947

2,355

3,464

3,978

3,969

4,493

4,019

4,495

4,105

3,622

3,297

3,067

3,192

3,643

3,593

3,553

3,947

3,132

2,480

1,729

0

0

0

Amortization of deferred leasing costs

0

-

-

-

0

-

-

-

4,073

-

3,712

3,587

3,405

3,265

3,305

2,737

2,502

2,349

2,027

2,268

2,245

2,145

1,978

1,973

1,859

1,599

1,612

1,325

1,120

1,122

899

781

712

630

0

0

0

Other non-cash expenses, net

-1,525

-2,011

-1,968

-1,540

-1,177

-250

-137

-105

39

-300

-136

-175

-394

-284

-2,605

-2,176

-1,219

-817

1,750

2,230

2,334

2,181

2,049

1,230

1,123

1,268

1,059

1,998

1,631

1,598

1,519

1,153

846

763

0

0

0

Unrealized Gain (Loss) on Investments

-66,135

-44,007

-92,236

-74,811

1,645

-7,552

40,677

23,252

12,931

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in carrying value of property included in discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,344

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net gain on sale of properties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

Income (Loss) from Equity Method Investments

-1,300

-1,259

-1,730

-1,440

-1,927

-2,269

-1,658

-12,539

-3,329

-13

-27,332

-7,877

-7,058

137

11,950

13,576

10,270

20

22,104

16,720

10,744

10,963

5,046

200

161

334

299

350

347

316

264

177

147

139

0

0

0

Distribution of earnings from Affiliates Insurance Company

-

-

-

-

-

0

3,572

3,773

7,678

0

29,976

28,438

28,875

35,381

25,446

25,955

25,561

18,620

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity in earnings of Select Income REIT included in discontinued operations

-

-

-

-

-

20,873

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Disposition of Stock in Subsidiary or Equity Method Investee

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-42,145

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in assets and liabilities:
Rents receivable

2,891

-12,586

-14,671

-16,037

-21,304

-5,021

1,294

2,992

5,909

4,990

-5,635

-3,114

-1,911

-1,670

3,311

1,840

5,531

2,729

-2,201

806

1,834

337

3,164

498

-2,522

1,565

1,892

83

946

-3,454

763

2,754

3,026

8,071

0

0

0

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

442

-852

-1,071

0

-971

-47

698

591

711

765

180

136

-599

-2,234

-37

-183

331

2,377

381

188

0

0

0

Deferred leasing costs

24,452

27,971

26,025

20,270

15,097

9,203

8,108

7,071

6,033

5,017

5,044

8,874

9,282

10,196

10,331

6,027

6,318

4,741

3,415

3,759

2,559

3,326

3,480

3,894

4,565

4,279

6,178

6,447

5,879

5,183

4,401

3,303

2,864

2,702

0

0

0

Due from related persons

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Other assets

-573

-3,266

-2,488

-2,361

-1,704

-1,127

-7,020

-9,309

-1,449

-1,368

5,554

4,166

-391

-25

86

392

335

-515

-403

408

-239

419

-30

305

146

1,063

1,446

647

478

-257

-326

-1,333

80

1,708

0

0

0

Accounts payable and other liabilities

-10,736

-19,333

-23,545

-18,530

-24,011

-3,303

-5,368

194

4,006

11,696

8,823

10,870

4,558

1,970

1,984

577

-824

1,097

-681

6,550

3,954

6,400

4,527

3,436

716

2,492

379

-1,029

1,730

-940

3,365

2,512

3,777

3,909

0

0

0

Due to related persons

2,343

-27,746

-45,751

-30,977

-33,039

-97

19,003

1,768

4,872

1,339

323

1,783

-708

634

2,181

434

2,018

725

-159

407

-65

-402

79

201

-252

-760

-4,741

-279

-858

45

774

548

2,020

2,723

0

0

0

Net cash provided by operating activities

234,188

215,329

172,889

159,209

128,391

144,916

161,805

161,249

146,596

137,554

130,962

124,503

121,735

126,722

113,458

120,003

113,801

110,837

127,737

132,700

127,908

130,725

118,091

110,782

109,810

108,391

100,189

106,229

100,646

100,308

99,282

93,521

92,574

80,487

0

0

0

CASH FLOWS FROM INVESTING ACTIVITIES:
Payments to Acquire Real Estate

0

-

-

-

0

-

-

-

-

-

0

0

133,728

-

0

0

0

-

-

-

-

56,350

0

0

0

-

-

-

-

213,626

241,065

202,561

353,309

387,491

0

0

0

Real estate improvements

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Real estate improvements

-

-

-

-

-

47,500

49,188

45,268

47,304

45,940

39,019

40,846

37,691

32,999

32,774

27,926

21,449

19,163

17,439

17,317

28,947

21,635

5,614

-7,006

-24,179

-23,252

-23,291

-20,672

-20,311

-18,841

-9,421

-4,679

-3,934

-3,060

0

0

0

Investment in Select Income REIT

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

95,821

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions in excess of earnings from unconsolidated joint ventures

1,900

2,370

-10,530

-7,076

1,853

3,751

-3,091

-3,291

-7,196

482

20,857

22,396

21,709

14,954

24,640

23,881

20,398

28,410

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of properties, net

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions in excess of earnings from Affiliates Insurance Company

-

-

-

-

-

0

3,046

2,233

823

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of properties, net

-

-

-

-

-

304,808

144,074

157,272

33,880

15,083

0

0

0

-

-

-

-

30,460

30,519

42,302

42,303

16,426

16,427

4,589

4,589

18,319

0

0

0

-

-

-

-

-

-

-

-

Net cash provided by investing activities

669,583

877,819

1,251,533

873,611

977,968

738,656

-396,721

-1,034,170

-1,164,920

-1,188,139

-787,792

-151,881

-149,447

-218,113

-92,395

-82,748

-87,582

-63,340

-72,703

-762,383

-800,275

-748,759

-826,903

-182,583

-137,282

-117,507

-73,470

-177,074

-212,163

-232,467

-250,486

-207,240

-357,243

-390,551

0

0

0

CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of mortgage notes payable

70,948

12,054

11,977

11,870

11,763

3,708

13,491

12,956

12,429

11,909

1,521

1,492

1,463

107,933

107,994

154,907

155,147

48,908

49,062

2,352

2,311

2,221

2,134

2,050

1,968

1,933

1,900

1,867

1,836

1,793

1,708

1,487

1,249

1,005

0

0

0

Proceeds from unsecured term loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

350,000

0

0

0

-

-

-

-

Repayment of unsecured term loans

235,000

388,000

550,000

380,000

315,000

162,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of senior unsecured notes

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings on unsecured revolving credit facility

763,467

430,000

563,000

253,000

298,000

238,000

130,000

670,000

640,000

645,000

755,000

215,000

225,000

399,000

284,000

324,000

324,000

195,000

195,000

359,000

396,000

344,500

423,500

255,500

216,500

216,500

0

0

0

-

-

-

-

472,500

0

0

0

Repayments on unsecured revolving credit facility

495,467

605,000

928,000

748,000

896,000

741,000

228,000

373,000

230,000

235,000

215,000

60,000

376,000

356,000

373,000

383,000

68,000

78,000

265,500

495,500

491,500

501,500

308,000

85,000

93,500

109,000

263,000

252,000

226,500

526,500

384,500

548,500

552,500

245,000

0

0

0

Payment of debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21

7,597

12,154

12,690

12,765

0

0

0

-

-

-

-

1,964

5,035

5,035

5,035

3,074

0

0

0

Repurchase of common shares

500

473

459

277

221

232

241

277

275

264

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred units of limited partnership distributions

-

-

-

-

-

646

646

646

278

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of Ordinary Dividends, Common Stock

105,934

105,868

122,015

138,195

154,379

170,566

170,540

169,263

157,235

145,209

133,183

122,409

122,388

122,366

122,345

122,321

121,992

121,660

121,321

114,299

107,578

100,856

94,140

94,106

94,076

94,043

94,009

90,281

86,554

82,819

79,084

76,316

73,548

70,392

0

0

0

Net cash used in financing activities

-894,382

-1,031,395

-1,403,387

-1,029,278

-1,103,888

-864,309

-305,302

880,813

1,026,959

1,039,794

1,194,275

30,586

24,503

112,055

-19,878

-36,543

-21,316

-53,761

-48,656

631,699

678,925

624,162

711,043

73,717

26,865

11,524

-27,191

72,570

105,828

134,142

148,649

114,032

273,038

310,899

0

0

0

Decrease in cash, cash equivalents and restricted cash

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (decrease) in cash, cash equivalents and restricted cash

-

-

-

-

-

-

-

0

8,635

-

537,445

3,208

-3,209

20,664

1,185

712

4,903

-6,264

6,378

2,016

6,558

6,128

2,231

1,916

-607

2,408

-472

1,725

-5,689

1,983

-2,555

313

8,369

835

0

0

0

SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

37,992

34,863

35,741

35,500

35,908

30,661

29,281

21,334

19,483

16,379

15,694

15,336

15,068

15,384

15,305

15,469

15,031

13,843

11,559

10,309

0

0

0

Income taxes paid

0

-

-

-

0

-

-

-

-

-

-

-

-

111

94

141

56

143

143

117

214

126

122

128

128

169

123

159

177

117

196

107

65

72

0

0

0

NON-CASH INVESTING ACTIVITIES:
Sale of properties

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NON-CASH FINANCING ACTIVITIES:
Repayment of mortgage notes payable related to properties sold

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NON-CASH INVESTING ACTIVITIES:
Real estate acquisition funded by the assumption of mortgage debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

97,524

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Assumption of mortgage notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

97,524

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of common shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,902

0

0

0

-

-

-

-