Owens realty mortgage, inc. (ORM)
CashFlow / Quarterly
Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13
Cash flows from operating activities:
Net income

1,828

2,249

2,342

469

-4,424

156

12,755

191

-1,191

19,362

5,061

4,747

8,309

415

16,349

1,161

3,588

867

2,834

805

192

704

8,516

1,403

Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Gain on sales of real estate, net

2,126

1,372

957

154

268

582

13,877

-0

-536

20,195

0

4,838

6,787

0

14,825

205

503

113

2,349

277

-

-

-

-

Gain on sales of real estate and other assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

251

2,429

30

Gain on foreclosures of loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

207

0

0

257

0

0

0

952

Deferred income tax benefit

243

100

-17

183

1,951

1,275

824

-10

380

-260

-7,368

0

-

-

-

-

-

-

-

-

-

-

-

-

Income in earnings of equity method investee

-

-

-

-

-

-

-

-

46

45

44

42

44

44

42

43

43

43

40

41

42

38

38

41

(Reversal of) provision for loan losses

-31

-242

114

-80

-138

-396

137

38

937

-38

274

111

-1,499

44

340

87

-2,010

117

-103

127

-445

-419

-6,699

-257

Impairment losses on real estate properties

-

-

-

-

-

-

-

-

-

-

-

-

333

0

147

1,109

0

123

48

7

-

-

-

0

Depreciation and amortization

164

173

206

217

221

302

303

309

300

305

309

343

340

526

583

602

612

549

547

546

543

539

1,004

398

Amortization of deferred financing costs

72

50

58

85

99

99

72

45

42

168

137

107

100

96

90

79

-

-

-

-

-

-

-

-

Accretion of discount on loans

69

68

66

37

-

0

0

0

-

-

-

-

0

0

0

536

-

-

-

-

-

-

-

-

Accretion of discount on loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

36

36

12

-

-

-

-

Changes in operating assets and liabilities:
Interest and other receivables

67

-197

15

-460

193

-111

182

1

19

-68

148

342

75

-313

346

174

383

-15

307

268

172

-74

169

-676

Other assets

-9

-60

-66

-90

-86

23

-28

57

-56

313

63

100

76

39

-45

52

43

49

-95

120

7

82

-28

-18

Investment in limited liability company

-

-

-

31

-

-

-

43

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and accrued liabilities

-182

146

-97

-91

-183

36

180

-2,385

-422

-426

-19

-1,445

-618

397

-353

46

-553

592

-208

-582

-845

-386

-634

-1,192

Due to Manager

3

1

-75

34

-56

-94

56

11

39

-13

16

-90

174

17

28

-94

88

4

33

-136

22

-14

-166

154

Forward contract liability

0

0

0

-459

459

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in operating activities

-

-

-

-

-

-

-

-

-

-

266

-1,551

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) operating activities

494

1,901

1,778

685

-1,624

1,206

624

-1,901

-

-

-

-

154

1,728

2,017

1,980

560

2,069

546

-210

-320

124

-589

177

Cash flows from investing activities:
Principal collected on loans

10,995

36,097

19,810

11,728

22,008

32,807

5,847

8,603

14,286

13,703

9,831

18,028

3,517

3,977

5,847

21,873

6,861

4,499

13,851

2,506

1,662

12,981

896

100

Investments in loans

10,020

10,009

30,420

18,340

30,820

10,296

28,973

15,733

28,898

7,597

18,811

22,964

28,777

11,225

18,499

10,237

17,636

7,236

10,883

9,049

-

-

-

-

Purchases of loans secured by trust deeds

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,400

Investment in real estate properties

67

151

79

198

842

3,957

2,607

3,825

9,018

9,026

5,529

2,832

8,132

7,070

6,660

1,743

3,580

4,113

10,410

3,501

5,887

490

1,000

541

Net proceeds from disposition of real estate properties

6,880

6,005

3,175

5,225

1,513

2,287

51,206

871

3,666

79,256

0

6,478

13,737

0

33,756

1,108

1,647

173

0

1

-55

409

10,625

73

Purchases of vehicles and equipment

-

0

0

0

0

1

3

10

0

2

4

23

0

11

35

1

15

0

3

3

-

-

-

-

Transfer from (to) restricted cash, net

-

-

-

-

-

-

-

-

-

-2,454

1,625

104

-269

139

-1,367

2,474

668

43

1,550

-108

110

3

35

-2,318

Net cash provided by (used in) investing activities

-

-

-

-

-

-

-

-

-

-

-16,052

-1,416

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by investing activities

7,788

31,941

-7,514

-1,585

-8,140

20,838

25,469

-10,094

-

-

-

-

-19,292

-14,469

15,860

8,524

-13,306

-6,720

-8,911

-9,937

-11,169

2,661

9,310

549

Cash flows from financing activities
Advances on notes payable

0

0

4

238

451

3,766

1,849

4,475

7,848

11,965

2,589

1,562

5,064

9,083

4,112

10,342

-

-

-

-

-

-

-

-

Repayments on notes payable

3,019

4,168

5,350

5,251

99

4,900

8,876

96

2,995

33,051

166

166

145

139

9,910

9,860

470

43

242

44

242

141

40

42

Advances on lines of credit

7,393

19,842

31,442

12,957

3,645

0

1,382

14,918

16,444

10,707

20,137

32,128

39,086

11,699

7,473

10,989

18,734

10,768

26,276

4,100

-

-

-

-

Repayments of lines of credit

26,607

28,512

13,915

2,427

2,090

0

15,546

5,730

11,468

49,454

8,242

26,191

27,125

2,745

21,442

8,470

-

-

-

-

-

-

-

-

Payment of deferred financing costs

-

-

-

-

-

-

-

-

25

0

0

254

-

-

-

-

0

40

174

140

-

-

-

-

Distributions to non-controlling interests

-

-

-

-

-

-

-

-

16

7,885

236

5

108

0

2,481

2

2,449

2

0

2

1

3

4,136

3

Contribution from non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

279

0

0

108

4

-

-

-

-

Offering costs incurred and paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

88

439

Purchase of treasury stock

0

4,262

5,292

2,814

13,334

3,197

0

0

-

-

-

-

-

-

-

-

0

0

0

325

-

-

-

-

Dividends paid

1,696

1,746

1,449

1,572

1,004

1,018

819

1,402

819

819

819

2,133

835

1,935

753

1,292

538

538

538

179

536

359

1,639

1,265

Net cash (used in) provided by financing activities

-

-

-

-

-

-

-

-

-

-

13,305

4,939

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-23,930

-19,286

5,439

1,131

-12,431

-5,348

-22,023

12,163

-

-

-

-

13,686

10,709

-23,043

1,985

10,098

7,554

8,097

3,412

-5,077

-963

-5,923

-1,751

Net decrease in cash, cash equivalents and restricted cash

-15,647

14,555

-295

231

-22,197

16,696

4,070

167

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-

9,955

-2,480

1,972

-5,451

-2,031

-5,164

12,490

-2,647

2,904

-266

-6,735

-16,567

1,822

2,797

-1,024

Supplemental Disclosures of Cash Flow Information
Cash paid during the year for interest (excluding amounts capitalized)

306

701

475

411

364

383

328

215

197

1,005

789

502

363

243

477

487

209

295

276

132

-

-

-

-

Cash paid during the year for interest that was capitalized

-

0

0

0

0

0

204

267

238

42

85

188

205

71

96

20

-

-

-

7

-

-

-

-

Supplemental Disclosure of Non-Cash Activity
Cash paid during the period for interest (including amounts capitalized)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

129

212

127

Increase in real estate from loan foreclosures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,866

0

0

3,241

0

1,727

13,184

3,738

Decrease in loans, net of allowance for loan losses, from loan foreclosures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,711

0

0

-2,959

0

-1,660

-10,686

-3,263

Decrease in interest and other receivables from loan foreclosures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,154

0

0

-281

0

-67

-838

-474

Increase in loans from sales of real estate

0

2,702

570

5,406

450

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of deferred financing costs capitalized to construction project

-

0

0

0

0

0

-26

-49

-49

-33

0

-36

-51

-51

-51

-51

-

-

-

-

-

-

-

-

Capital expenditures financed through accounts payable

-

0

-16

16

-164

-3,504

2,512

1,197

-795

-825

772

3,503

-676

-311

65

2,588

-577

-1,149

863

1,123

-

-

-

-

Reversal of deferred gain on adoption of ASU 2014-09

0

0

0

302

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loan discounts established on adoption of ASU 2014-09

0

0

0

136

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-