Pennsylvania real estate investment trust (PEI)
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 loss

-13,549

-15,413

24,716

-6,080

-16,223

-88,834

-1,636

-32,321

-3,712

8,615

12,300

-53,277

-486

-26,727

2,916

9,169

1,929

-44,721

-36,241

-34,668

-13,937

19,030

-886

-24,051

-8,355

7,831

12,584

-9,009

25,807

-6,872

-12,861

-12,401

-10,416

-580

-59,425

-19,011

-14,919

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

28,263

36,847

28,874

29,024

31,838

29,581

30,457

30,397

31,209

31,478

27,837

30,494

29,632

31,865

30,906

31,255

31,400

33,076

33,754

34,153

31,364

34,511

32,169

34,655

33,760

33,999

33,733

33,208

32,222

33,545

31,799

31,475

31,385

31,714

31,704

33,550

31,410

Amortization

2,994

4,028

3,594

4,205

4,353

3,778

3,642

3,676

3,458

3,362

2,743

3,069

2,883

3,295

-3,380

1,075

2,991

4,141

2,890

3,426

2,450

2,422

2,134

2,239

2,710

2,971

2,937

3,166

3,829

4,296

3,480

3,825

4,350

5,828

4,539

4,868

4,706

Straight-line rent adjustments

886

3,082

533

34

1,517

236

621

309

823

778

552

618

738

649

622

713

618

553

581

468

272

303

341

305

518

393

275

390

367

942

966

173

153

427

69

-441

276

Provision for doubtful accounts

-

-

-

-

-

407

307

672

1,075

482

427

281

573

-156

253

342

918

-435

895

791

1,259

-213

1,150

-116

745

-216

769

444

659

-399

840

848

572

-54

549

1,183

1,642

Amortization of deferred compensation

1,624

579

1,822

1,889

1,922

1,533

1,757

1,711

1,924

1,191

1,399

1,622

1,497

1,517

1,587

1,358

1,573

1,606

1,451

1,424

1,803

1,484

1,508

3,339

2,124

1,825

1,824

2,209

2,213

2,820

3,517

2,649

2,042

2,303

2,126

2,428

2,198

Loss on debt extinguishment, net

0

27

29,600

0

-4,768

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on hedge ineffectiveness

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

143

0

0

0

512

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Disposition of Business

-

-

-

-

-

-

-

-

-

-

-

486

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sales of interests in real estate and non-operating real estate, net

1,916

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Adjustment to gains on sales of interests in non operating real estate

-

-

-

-

-

-

-

0

-25

-

477

-308

-57

-

31

20,887

2,044

-

12,386

0

43

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net losses (gains) on sales of interests in real estate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

45,097

0

33,254

-

-

-

-

-

-

-

-

Equity in income of partnerships

819

2,153

1,531

2,316

2,289

3,189

2,477

2,571

3,138

2,223

4,254

4,154

3,736

13,407

1,464

2,260

1,346

-694

794

1,464

748

-301

1,123

461

392

217

873

881

742

-

-

-

-

-

-

-

-

Gain on sales of real estate by equity method investee

0

0

0

-10

563

-1

0

0

2,773

-151

6,718

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash distributions from partnerships

845

3,347

4,311

12,555

2,357

3,392

2,214

1,073

2,742

5,875

4,009

3,194

3,771

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of development land parcel

-

-

-

-

-

-

-

-

0

-

-

-

-

-

9,625

14,333

631

-

51,503

28,813

6,332

-

2,466

16,318

1,341

-

30,416

0

0

-

-

-

-

-

-

-

-

Impairment of development land parcel

0

-

-

-

1,464

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in assets and liabilities:
Net change in other assets

-11,674

-1,057

10,730

1,479

-6,961

4,094

10,945

-7,981

-1,060

11

13,754

298

-8,411

-2,813

7,176

1,009

-9,938

-2,773

5,505

-3,539

-4,530

93

10,725

-11,501

-3,238

2,728

15,381

-9,555

-775

6,170

17,560

-1,852

-6,711

807

18,082

-11,111

-635

Net change in other liabilities

-13,836

5,640

1,567

3,071

-10,055

4,720

-2,780

4,433

-21

-196

197

-2,296

-2,457

-7,440

-6,974

3,134

-1,032

-5,850

-5,343

462

-6,332

3,842

-9,727

9,550

-4,695

8,423

7,902

3,853

-18,225

13,067

7,404

2,372

-1,912

-6,864

10,191

-1,653

-5,095

Net cash provided by operating activities

14,394

31,719

17,325

39,332

23,016

40,650

19,108

44,080

31,026

47,228

23,700

31,756

39,407

50,779

23,872

35,797

44,483

44,683

28,052

36,008

26,918

46,563

14,746

53,808

29,958

51,693

26,761

44,848

12,917

43,455

13,843

30,447

32,579

31,547

21,947

31,467

20,301

Cash flows from investing activities:
Investments in consolidated real estate acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

319,986

0

0

0

20,000

0

0

60,879

0

-

-

-

-

-

-

-

-

Cash proceeds from sales of real estate

8,003

15,056

1,271

29,257

4,823

12,094

0

1,636

0

0

31,856

4,186

41,736

-6

23,172

46,827

84,765

-

-

-

-

-

-

-

-

8,364

46,385

55

126,840

-

-

-

-

-

-

-

-

Cash proceeds from sale of mortgage

0

-

-

-

8,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from insurance claims related to damage to real estate assets

0

0

2,502

2,200

2,275

700

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash proceeds from sale of mortgage

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash distributions from partnerships of proceeds from real estate sold

0

0

0

0

879

0

0

0

19,727

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Additions to construction in progress

20,157

27,673

22,287

35,744

28,087

24,300

28,976

19,254

3,119

23,372

35,789

41,211

16,178

39,849

20,191

16,282

11,839

8,987

7,660

10,826

3,211

10,767

13,252

10,806

6,687

11,932

10,749

7,556

6,219

6,096

12,284

12,005

7,719

9,784

10,688

-2,256

7,210

Additions to leasehold improvements

4,714

236

577

169

73

93

36

27

4

172

40

81

390

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

61

93

42

Investments in partnerships

-

-

-

-

-

11,038

15,663

17,515

13,896

16,656

18,519

20,107

18,152

4,915

6,042

3,034

919

6,140

2,712

8,486

7,708

14,026

1,507

3,539

112

43

41

95

71

42

42

3,505

93

130

58

-68

132

Investments in real estate improvements

2,414

12,773

7,574

7,552

6,361

11,252

6,731

3,619

13,568

15,099

13,636

10,710

12,504

17,096

17,524

9,401

5,921

18,868

17,055

10,441

6,426

30,697

21,147

13,571

5,931

19,594

13,967

8,632

2,592

19,240

14,113

7,917

2,273

9,450

9,298

15,566

1,703

Distribution of financing proceeds from equity method investee

-

-

-

-

-

0

0

0

123,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Additions to leasehold improvements and corporate fixed assets

4,714

236

577

169

73

93

36

27

4

172

40

81

390

73

161

147

141

105

40

53

288

703

217

466

270

1,850

67

77

68

188

271

239

183

168

61

93

42

Investments in equity method investees

9,346

-

-

-

19,885

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capitalized leasing costs

164

155

-63

156

320

1,599

1,482

6,769

2,172

1,433

1,543

1,423

1,667

1,707

1,378

1,279

1,737

1,418

1,609

1,573

1,655

1,223

1,394

1,409

1,420

1,359

1,180

1,185

1,537

1,199

1,636

1,176

1,325

1,245

1,230

1,366

1,158

Increase in cash escrows

-

-

-

-

-

-

-

-

-

-

-

-

-

-

60

-1,073

-2,085

3,799

-1,988

1,166

-981

2,051

107

1,775

-1,564

4,282

-2,070

2,054

-1,584

1,555

-7,930

5,795

1,984

-772

-594

-556

-288

Cash distributions from partnerships in excess of equity in income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,236

315

4,463

315

1,947

1,603

1,323

1,184

55

-817

2,299

215

680

577

0

2,767

333

505

1,167

1,976

16,676

15,976

897

Net cash used in investing activities

-28,792

-43,499

-21,601

-27,501

-38,749

-41,699

-52,888

-56,948

109,968

-21,511

-7,406

-69,346

-7,155

-72,758

-20,948

18,072

70,756

-23,102

11,915

-30,942

-336,970

-33,473

104,463

-8,783

-30,557

-30,481

23,131

-79,846

117,937

-25,553

-20,083

-30,132

-12,410

-17,824

-4,065

9,177

-9,060

Cash flows from financing activities:
(Repayments of) proceeds from mortgage loans and finance lease liabilities

-

-

-

-

-

-

0

0

10,185

-

0

0

-150,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from issuance of preferred shares

-

-

-

-

-

-

-

-

-

4,842

115,695

-35

166,345

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net borrowings under revolving facilities

34,000

42,000

31,000

20,000

97,000

28,000

37,000

0

-53,000

53,000

-52,000

67,000

-12,000

-132,000

30,000

-30,000

50,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of mortgage loans and finance lease liabilities

157

-

-

-

63,442

-

-

-

-

-

-

-

-

0

0

140,484

139,843

-

-

-

-

-

-

-

-

109,177

76,990

56,275

161,249

-

-

-

-

-

-

-

-

Borrowings from term loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-120,000

-

0

0

-130,000

0

0

97,500

84,500

-

-

-

-

-

-

-

-

Net borrowings from revolving facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-210,000

-

0

25,000

105,000

-40,000

-55,000

25,000

-60,000

15,000

50,000

-35,000

65,000

-

-

-

-

Proceeds from mortgage loans

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

130,000

9,000

0

170,000

96,200

5,844

-

-

-

-

78,000

0

0

76,692

0

402,000

0

65,750

-

-

-

-

Principal installments on mortgage loans

3,475

5,105

4,520

4,468

3,818

4,438

4,784

5,601

3,832

5,364

4,463

4,425

3,693

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal installments on mortgage loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,110

-4,263

35,706

-4,886

-5,317

-4,742

29,731

-3,963

-4,021

-3,828

29,671

-4,251

-4,071

-4,376

36,025

-4,594

-16,653

5,533

36,981

-5,416

-5,090

-5,226

Payment of deferred financing costs

212

0

17

65

13

-993

8

6,078

436

0

0

60

11

2

13

2,801

521

120

761

2,743

130

22

14

0

1,882

271

151

2,140

1,473

-64

1,096

448

273

43

474

3,581

11

Value of shares of beneficial interest issued

424

278

336

336

306

292

272

362

484

295

642

804

344

341

326

297

324

312

375

369

337

208

371

775

1,916

1,668

487

178

650

375

874

201

338

101

116

177

139

Dividends paid to common shareholders

16,492

16,295

16,284

16,278

14,930

14,796

14,796

14,787

14,766

14,692

14,668

14,648

14,643

14,603

14,599

14,586

14,584

14,529

14,525

14,521

14,510

13,763

13,759

13,739

13,727

13,641

12,272

12,240

10,162

8,957

9,502

8,953

8,323

8,350

8,349

8,358

8,327

Dividends paid to preferred shareholders

6,844

6,844

6,843

6,845

6,843

6,844

6,843

6,845

6,843

7,651

7,065

7,069

5,618

3,962

3,962

3,962

3,962

3,962

3,962

3,962

3,962

3,962

3,962

3,962

3,962

3,963

3,962

3,962

3,962

-

-

-

-

-

-

-

-

Distributions paid to Operating Partnership unit holders and noncontrolling interest

411

417

425

464

1,698

1,737

1,738

1,737

1,737

1,738

1,741

1,745

1,746

1,746

1,744

1,749

1,752

1,752

1,753

1,752

446

425

426

425

427

428

385

407

406

360

382

368

349

349

349

350

347

Value of shares retired under equity incentive plans, net of shares issued

466

-76

0

0

632

0

69

-1

679

149

35

2

1,291

-

51

86

2,040

-

0

363

5,292

-

0

465

4,168

-

0

1

2,417

-

437

1

2,555

-

8

0

1,875

Net cash provided by financing activities

6,367

13,516

-4,364

-7,941

5,930

1,470

9,034

-34,685

-70,624

-86,457

36,365

39,820

-22,313

6,871

5,619

-67,481

-107,641

-20,862

-49,151

-11,226

307,099

-24,070

-98,537

-46,837

-1,078

-11,875

-42,524

18,882

-131,203

-10,160

17,906

-11,755

-15,945

-22,272

-11,698

-54,402

-15,647

Net change in cash, cash equivalents, and restricted cash

-8,031

1,736

-8,640

3,890

-9,803

421

-24,746

-47,553

70,370

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect

-8,031

1,736

-8,640

3,890

-9,803

421

-24,746

-47,553

70,370

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect

-

-

-

-

-

-

-

-

-

-

52,659

2,230

9,939

-

8,543

-13,612

7,598

719

-9,184

-6,160

-2,953

-10,980

20,672

-1,812

-1,677

9,337

7,368

-16,116

-349

7,742

11,666

-11,440

4,224

-8,549

6,184

-13,758

-4,406