Rexford industrial realty, inc. (REXR)
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'13
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income

68,556

64,001

54,826

50,843

42,708

47,075

45,983

39,027

51,063

41,700

36,131

37,183

30,120

25,876

18,386

15,942

3,346

1,950

1,039

-257

-372

976

-175

799

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities:
Equity in income from unconsolidated real estate entities

-

-

-

-

-

-

-

-

-

11

11

1,339

1,401

1,451

1,486

203

153

93

33

-10

-73

-29

5

86

0

0

0

Provision for doubtful accounts

-

-

-

-

-

-

0

0

979

-

1,045

1,102

1,153

1,287

0

0

0

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

104,418

98,891

92,685

87,333

82,586

80,042

78,138

75,965

70,705

64,852

60,327

55,697

53,792

51,407

47,986

45,287

43,167

41,837

39,459

36,849

32,362

28,608

25,826

20,819

0

0

0

Depreciation and amortization included in discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7

62

99

0

0

0

Amortization of (below) above market lease intangibles, net

-8,558

-7,907

-7,343

-6,900

-6,616

-5,981

-5,421

-4,684

-3,269

-2,270

-1,298

-452

-191

-78

65

173

159

202

269

351

378

420

368

339

0

0

0

Amortization of loan origination fees

-

-

-

-

-

-

-

-

-

150

225

300

225

150

0

0

0

-

-

-

-

-

-

-

-

-

-

Accretion of discount on notes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

178

246

274

268

263

245

212

0

0

0

Deferred interest income on notes receivable

-

-

-

-

-

-

-

-

-

-84

-42

0

165

84

0

0

0

-

-

-

-

-

-

-

-

-

-

Gain on extinguishment of debt

-

-

-

-

-

-

-

-

-

25

-22

-22

-22

0

0

0

0

-

-

-

-

-

-

-

-

-

-

Gain on sale of real estate

-

-

-

-

-

17,222

21,927

21,927

36,888

29,573

25,051

25,051

20,045

17,377

0

0

0

-

-

-

-

-

-

-

-

-

-

Gain on sale of real estate included in discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,125

0

0

0

-

-

Amortization of debt issuance costs

1,382

1,383

1,381

1,378

1,364

1,332

1,281

1,227

1,184

1,147

1,119

1,092

1,068

1,014

942

879

824

812

824

829

764

684

601

489

0

0

0

Amortization of discount on notes payable

-11

6

5

5

5

5

-34

-72

-110

-169

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of premium on notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

-

Equity based compensation expense

11,747

10,756

10,237

9,812

9,763

10,147

9,194

8,281

7,015

5,398

5,026

4,688

4,247

3,835

3,373

2,824

2,338

1,752

1,509

1,406

1,218

1,042

801

843

0

0

0

Straight-line rent

7,193

7,588

6,880

6,143

6,575

6,477

6,463

6,427

5,750

4,737

4,354

4,442

4,368

4,507

4,821

4,465

4,155

3,425

2,610

1,798

1,581

1,400

1,316

1,374

0

0

0

Change in working capital components:
Rents and other receivables

971

875

-628

-260

981

1,249

1,943

1,058

343

946

1,454

738

1,127

988

1,799

3,052

2,932

2,676

2,314

1,418

1,313

1,558

868

617

0

0

0

Deferred leasing costs

8,724

8,317

7,357

6,652

5,782

6,212

6,575

6,620

6,631

5,693

5,421

5,420

5,572

5,596

4,573

4,012

3,858

3,421

3,124

3,137

2,518

2,362

2,271

1,501

0

0

0

Other assets

-661

-1,024

-391

116

797

1,271

1,070

1,504

603

1,491

2,220

2,245

925

-71

155

597

192

1,286

1,535

1,586

11

1,069

738

1,035

0

0

0

Accounts payable, accrued expenses and other liabilities

3,074

1,573

-507

-2,798

2,058

651

6,286

6,308

4,308

4,203

3,984

1,018

2,131

1,667

2,157

1,957

2,258

1,806

2,851

-2

1,900

1,227

2,695

1,335

0

0

0

Tenant security deposits

3,090

2,855

3,188

3,650

3,305

2,731

2,370

2,497

2,543

2,580

2,379

1,664

1,953

2,155

2,501

2,338

1,889

1,608

1,057

867

636

961

999

765

0

0

0

Prepaid rents

1,351

-9

488

1,087

-181

796

247

254

412

-1,751

-701

-1,092

-1,149

411

-876

181

-953

-762

175

-647

680

1,289

336

205

0

0

0

Net cash provided by operating activities

149,823

139,514

129,475

119,199

113,759

102,775

99,466

90,494

82,773

76,650

70,551

63,357

61,379

56,432

52,958

47,039

44,863

40,508

38,163

32,953

31,123

24,504

23,296

18,287

0

0

0

Payments to Acquire Commercial Real Estate

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of investments in real estate

-

-

-

-

-

494,202

495,795

753,677

700,015

664,361

591,452

379,937

360,431

367,621

375,906

353,259

208,183

230,599

298,160

314,846

398,028

383,662

313,297

253,036

0

0

0

Capital expenditures

53,064

47,169

51,261

53,724

52,802

57,951

54,409

51,901

51,081

42,313

37,423

33,506

31,742

31,928

29,937

27,913

23,973

22,181

21,114

19,311

16,852

13,959

9,943

6,005

0

0

0

Payments for deposits on real estate acquisitions

5,079

14,526

9,590

5,115

8,450

25

250

-650

4,025

2,475

675

1,850

100

0

-850

-1,000

150

-2,110

1,250

-50

-1,300

600

-1,435

1,250

0

0

0

Contributions to unconsolidated real estate entities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

105

0

0

0

-

-

Distributions from unconsolidated real estate entities

-

-

-

-

-

-

-

-

-

11

11

5,541

5,541

5,530

0

0

0

-

-

-

1,737

1,745

0

0

0

-

-

Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-325

9

90

0

0

0

Principal repayments of notes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,896

13,965

273

268

265

260

235

0

0

0

Proceeds from sale of real estate

-

-

-

-

-

44,965

66,759

66,759

114,347

95,988

82,476

82,476

45,042

38,505

0

0

0

-

-

-

-

15,410

0

0

0

-

-

Net cash used in investing activities

-870,440

-972,742

-854,350

-661,413

-627,885

-507,213

-483,445

-737,919

-634,524

-606,900

-541,063

-326,976

-347,390

-361,214

-384,728

-345,981

-218,487

-236,774

-304,551

-330,118

-409,603

-380,581

-306,148

-246,376

0

0

0

CASH FLOWS FROM FINANCING ACTIVITIES:
Issuance of common stock, net

473,911

638,900

638,355

639,635

743,569

556,520

452,269

586,651

384,531

330,900

312,952

127,301

187,126

183,386

166,128

166,272

-8,167

175,833

0

0

0

-

-

-

-

0

0

Offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

0

0

-

-

Proceeds from private placement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Proceeds from notes payable

-

-

-

-

-

401,000

461,000

748,000

536,000

612,000

552,000

265,000

255,000

263,000

336,000

474,500

391,500

272,000

291,500

191,000

300,500

301,500

276,500

319,375

0

0

0

Repayment of notes payable

35,170

35,158

35,155

35,153

243,347

311,541

366,824

551,050

386,079

442,818

387,797

203,767

188,106

179,223

180,061

279,138

226,700

226,710

230,695

269,366

259,277

147,241

143,159

317,026

0

0

0

Debt issuance costs

2,368

143

143

0

1,298

1,748

1,750

1,906

778

2,268

2,267

2,111

2,913

1,925

1,924

2,656

1,684

796

796

67

1,932

1,876

1,987

3,686

0

0

0

Debt extinguishment costs

-

-

-

-

-

-

-

-

-

193

193

193

193

0

0

0

0

-

-

-

-

-

-

-

-

-

-

Dividends paid to preferred stockholders

12,268

11,055

9,695

9,694

9,694

10,281

9,179

8,078

6,976

5,288

5,949

4,627

3,305

1,983

0

0

0

-

-

-

-

-

-

-

-

-

-

Distributions to Predecessor members related to formation transactions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Repurchase of interests from unaccredited investors

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Dividends paid to common stockholders

81,112

75,550

69,869

64,137

57,799

53,691

50,111

45,853

42,618

40,207

37,872

36,475

34,317

32,852

31,439

29,179

28,304

26,042

23,729

20,149

16,576

16,700

0

0

0

-

-

Distributions paid to common unitholders

2,143

2,019

1,879

1,740

1,599

1,496

1,447

1,396

1,347

1,313

1,282

1,251

1,212

1,201

1,179

1,140

1,116

1,095

1,134

1,234

1,319

1,672

0

0

0

-

-

Distributions paid to preferred unitholders

1,293

870

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common shares to satisfy employee tax withholding requirements

1,270

854

852

867

967

594

1,343

1,707

1,709

1,568

1,044

947

909

747

544

328

306

191

0

0

0

-

-

-

-

-

-

Net cash provided by financing activities

556,520

731,484

738,479

562,774

770,865

578,169

554,965

797,011

553,374

521,595

428,167

229,581

297,822

315,106

381,950

336,110

132,485

192,861

210,930

297,881

419,677

355,686

338,994

237,361

0

0

0

Increase in cash, cash equivalents and restricted cash

-164,097

-101,744

13,604

20,560

256,739

173,731

170,986

149,586

1,623

-8,655

-42,345

-34,038

11,811

10,324

50,180

37,168

-41,139

-3,405

-55,458

716

41,197

-391

56,142

9,272

0

0

0

Supplemental disclosure of cash flow information:
Cash paid for interest (net of capitalized interest of $882 and $629 for the three months ended March 31, 2020 and 2019, respectively)

25,239

23,494

23,899

24,316

24,068

23,791

22,795

21,709

20,138

18,423

16,923

15,612

15,033

13,943

12,591

9,354

7,383

6,147

6,158

6,479

7,237

5,793

0

0

0

-

-

Supplemental disclosure of noncash transactions:
Operating lease right-of-use assets obtained in exchange for lease liabilities upon adoption of ASC 842 on January 1, 2019

0

3,300

3,300

3,300

3,300

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease right-of-use assets obtained in exchange for lease liabilities subsequent to adoption of ASC 842

1,014

3,457

3,457

3,457

3,457

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in capital expenditure accrual

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncash or Part Noncash Acquisition, Debt Assumed

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

17,097

0

0

0

-

-

-

-

-

-

Accrual for capital expenditures

8,165

6,407

2,647

4,149

6,607

3,581

0

0

0

-

-

-

-

-

2,016

396

1,206

610

0

0

0

-

-

-

-

-

-

Accrual of offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

Series 2 CPOP Units [Member]
Issuance of 4.0% cumulative redeemable convertible preferred units in connection with acquisition of real estate

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating Partnership Units
Issuance of 4.0% cumulative redeemable convertible preferred units in connection with acquisition of real estate

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-