Plymouth industrial reit inc. (PLYM)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12
Operating activities
Net loss

-11,938

-21,175

-14,027

-39,288

-

-

-

-

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

-

-

-

-

-48,665

-18,429

-3,472

-2,166

Depreciation and amortization

37,381

26,788

13,998

11,674

13,180

1,587

0

-

Straight line rent adjustment

-1,296

-996

-191

-287

-404

-80

-

-

Intangible amortization in rental revenue, net

-1,488

-1,304

-

-

-

-

-

-

Loss on debt extinguishment

-

-5,393

-

-

-

-

-

-

Intangible amortization in rental revenue , net

-

-

423

355

-

-

-

-

Write-off of deferred offering costs

-

-

-

-

938

0

-

-

Gain on disposition of equity investment

-

-

-

-

-1,380

-332

-

-

Other

-

-

-

-

-

-

0

-

Amortization of debt issuance cost

1,030

2,138

-

-

-

-

-

-

Intangible amortization in rental revenue , net

-

-

-

-

-351

-52

-

-

Equity investment income

-

-

-

-230

-85

175

-589

-93

Gain on disposition of equity investment

-

-

-

2,846

-

-

-

-

Accretion of interest and deferred interest

-

-

2,399

33,690

26,100

9,640

0

-

Change in fair value of warrant derivative

181

-48

-20

0

-

-

-

-

Stock based compensation

1,205

805

435

0

-

-

176

116

Gain on sale of investment in joint venture

-

-

-231

-

-

-

-

-

Gain on sale of real estate

-

1,004

-

-

-

-

-

-

Changes in operating assets and liabilities:
Restricted cash

-

-

-

-14

-13

0

-

-

Cash held in escrow

-

-

-

-1,658

-

-

-

-

Other assets

5,724

239

-2,638

-530

-14

-561

-76

-

Deferred leasing costs

2,005

1,208

-70

-110

-

-

-

-

Deferred interest

-

-

-

-

6,428

1,653

0

-

Accounts payable, accrued expenses and other liabilities

10,371

5,717

8,832

174

937

1,444

-141

-

Realized Gain on Sale of REIT Securities

-

-

-

-

-

-

-

0

Change in due from affiliate

-

-

-

-

-

-

-

9

Change in accounts payable

-

-

-

-

-

-

-

0

Change in accrued expenses

-

-

-

-

-

-

-

430

Net cash provided by operating activities

27,717

14,867

8,104

220

-4,351

-5,305

-2,924

-1,552

Investing activities
Acquisition of properties

195,141

142,635

170,788

0

-

-

-

-

Proceeds from sale of real estate, net

-

4,562

-

-

-

-

-

-

Real estate improvements

5,326

3,850

1,287

850

-

-

-

-

Proceeds from disposition of joint ventures

-

-

-

-

1,708

0

-

-

Real estate improvements

-

-

-

-

124

215

-

-

Proceeds from sale of joint ventures

-

-

231

5,582

-

-

-

-

Restricted cash for real estate improvements

-

-

-

5,596

-

-

-

-

Cash held in escrow for real estate improvements

-

-

-

1,249

-

-

-

-

Investment in real estate joint ventures

-

-

-

-

-

-

3,900

1,750

Acquisition of properties

-

-

-

-

434

154,003

0

-

Construction in process

-

-

-

-

-

-

0

-

Deposits

-

-

-

-

-

-

-

-16

Distributions from investment in joint ventures

-

-

-

481

470

1,468

122

14

Proceeds from sale of REIT securities

-

-

-

-

-

-

-

25

Net cash used in investing activities

-200,467

-141,923

-171,844

-1,632

1,620

-152,750

-3,778

-1,709

Financing activities
Offering costs related to issuance of common stock

-

-

-

-

-

-

-

0

Redemption of non-controlling interest

-

-

25,582

0

-

-

-

-

Net proceeds from common stock, value

153,518

17,843

52,559

0

0

1,096

6,794

3,260

Proceeds from preferred stock

-

71,770

48,931

-

-

-

-

-

Deferred financing costs

-

-

-

-

1,095

2,845

0

-

Deferred offering costs

-

-

-

-

450

488

0

-

Proceeds from issuance of secured debt

63,115

198,315

79,800

120,000

-

-

-

-

Repayment of secured debt

64,630

118,914

-

114,447

-

-

-

-

Repayment of mezzanine debt

-

34,682

-

-

-

-

-

-

Proceeds from line of credit facility

141,097

45,225

33,825

0

-

-

-

-

Repayment of line of credit facility

90,750

38,000

12,500

-

-

-

-

-

Proceeds from issuance of debt

-

-

-

-

0

165,000

0

-

Proceeds from revolving line of credit

-

-

-

-

0

2,000

0

-

Repayment of line of credit facility

-

-

-

0

0

2,000

0

-

Debt issuance costs

2,233

2,566

2,576

3,898

-

-

-

-

Repurchase of common stock

-

5,054

-

-

-

-

-

-

Dividends paid

19,930

11,083

1,755

0

-

-

-

-

Net cash provided by financing activities

180,187

122,854

172,702

1,655

-1,545

162,763

6,794

3,260

Net decrease in cash and cash held in escrow and restricted cash

7,437

-4,202

8,962

-

-

-

-

-

Net change in cash, cash equivalents and retricted cash

-

-

-

243

-4,276

4,708

92

-1

Payment of accrued directors' fees with common stock

-

-

-

-

-

-

49

0

Deferred offering costs, accounts payable, accrued expenses and other liabilities

-

-

-

-

-

-

0

-

Accrued distributions from real estate joint ventures

-

-

-

-

0

148

0

-

Accrued costs for acquisition of properties

-

-

-

-

0

434

0

-

Supplemental Cash Flow Disclosures:
Interest paid

13,652

13,596

9,182

6,989

-

-

-

-

Interest paid

-

-

-

-

12,148

1,986

0

-

Common stock distributed or distributable as dividends

-

-

-

-

0

190

550

0

Offering costs included in accounts payable, accrued expenses and other liabilities

-

-

-

-

0

384

-

-

Non cash capital contribution by investor related to redemption of redeemable preferred interest

-

-

1,019

-

-

-

-

-

Shares issued in private placement for redemption of redeemable preferred interest, value

-

-

5,000

-

-

-

-

-

Redemption of non-controlling interest related to preferred interest

-

-

56,795

-

-

-

-

-

Income taxes paid

-

-

-

-

18

0

-

-

Dividends declared

-

-

-

-

-

-

-

0

Warrants issued to acquire 250,000 shares at $23 per share

-

-

140

-

-

-

-

-

Dividends declared included in dividends payable

5,303

1,923

2,153

-

-

-

-

-

Distribution payable to non-controlling interest holder

328

358

158

-

-

-

-

-

Issuance of partnership units

-

10,642

8,007

-

-

-

-

-

Less: Series B Preferred stock accretion to redemption value

7,601

359

-

-

-

-

-

-

Fixed asset acquisitions included in accounts payable, accrued expenses and other liabilities

161

124

437

-

-

-

-

-

Deferred leasing costs included in accounts payable, accrued expenses and other liabilities

463

114

-

-

-

-

-

-

Assumption of mortgage notes

30,582

13,907

-

-

-

-

-

-

Deferred leasing costs included in accounts payable, accrued expenses and other liabilities

-

-

-

-

-148

0

-

-

Issuance of redeemable preferred member interest

-

-

-

30,553

-

-

-

-

Issuance of mezzanine debt to existing investor

-

-

-

30,000

-

-

-

-

Non-cash capital contribution by investor upon extinguishment of debt

-

-

-

62,751

-

-

-

-

Accrued debt issuance costs

-

-

-

900

-

-

-

-

Fair value of stock dividend

-

-

-

-

-

-

-

0

Issuance of common stock for volume discount

-

-

-

-

-

-

-

0

Issuance of common stock for origination fees

-

-

-

-

-

-

-

0