RETAIL PROPERTIES OF AMERICA, INC. RPAI Cash Flow

Retail properties of america, inc. (RPAI)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Cash flows from operating activities:
Net income
32,397	77,640	251,491	166,817	125,624	43,300	13,626	-447	-72,578	-94,707	-115,409
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
194,573	175,977	203,866	224,430	214,706	215,966	233,785	236,126	238,020	248,089	258,592
Provision for impairment of investment properties
12,298	2,079	67,003	20,376	19,937	72,203	92,033	25,842	39,981	23,057	64,700
Impairment of marketable securities
-	-	-	-	-	-	-	-	-	-	24,831
Impairment of notes receivable
-	-	-	-	-	-	-	-	-	-	17,322
Gain (Loss) on Sale of Properties
18,872	37,211	337,975	129,707	121,792	42,851	47,085	37,984	30,415	23,421	26,383
Gain on extinguishment of debt
-	-	-	13,653	0	0	26,331	3,879	16,705	0	0
Gain on extinguishment of other liabilities
-	-	-	6,978	0	4,258	3,511	0	0	-	-
Gain on sale of joint venture interest
-	-	-	-	-	-	17,499	0	0	-	-
Gain on change in control of investment properties
-	-	-	-	-	24,158	5,435	0	0	-	-
Loss on lease terminations
-	-	-	-	-	-	-	-	-8,714	-13,826	-13,735
Amortization of loan fees and debt premium and discount, net
2,863	3,416	7,655	5,781	5,129	4,926	10,032	-5	6,834	11,701	13,804
Amortization of stock-based compensation
7,559	6,992	6,059	7,209	10,755	3,420	479	-	-	-	-
Premium paid in connection with defeasance of mortgages payable
0	0	59,968	1,735	17,343	1,322	0	0	-	-	-
Debt prepayment fees
8,151	5,791	8,498	3,863	837	-	-	-	-	-	-
Equity in loss of unconsolidated joint ventures, net
-	-	-	-	-	-2,088	-1,246	-6,307	-6,437	2,025	-11,299
Distributions on investments in unconsolidated joint ventures
-	-	-	-	-	1,360	7,105	6,168	2,218	5,721	4,176
Recognized gain on sale of marketable securities
-	-	-	-	-	-	-	25,840	277	4,007	42,870
Payment of leasing fees and inducements
10,436	8,775	15,981	9,640	8,184	8,523	12,930	43,132	10,786	6,172	5,048
Changes in accounts receivable, net
-4,830	8,395	-962	1,918	-4,420	5,762	2,574	-3,378	-4,915	-8,336	-1,467
Changes in right-of-use lease assets
1,923	0	0	-	-	-	-	-	-	-	-
Changes in accounts payable and accrued expenses, net
129	-6,398	579	2,007	1,976	3,220	-6,043	-9,037	-813	13,313	11,136
Changes in lease liabilities
630	0	0	-	-	-	-	-	-	-	-
Changes in other operating assets and liabilities, net
-2,935	672	1,770	3,257	469	7,499	4,836	-8,701	6,618	9,662	-15,699
Other, net
-6,229	-6,281	-2,839	-935	-3,632	-740	7,570	887	5,680	-23	-2,786
Net cash provided by operating activities
231,491	204,163	247,516	266,130	266,650	254,014	239,632	167,085	174,607	184,072	249,837
Cash flows from investing activities:
Proceeds from sale of marketable securities
-	-	-	-	-	-	-	35,133	359	8,629	125,088
Changes in restricted escrows, net
-	-	-	-	-	16,757	-22,360	-23,916	-673	22,967	38,680
Shares of common stock returned as a result of litigation settlement
-	-	-	-	-	-	-	-	-	3,600	0
Purchase of investment properties (after credits at closing):
Land, building and other improvements, net
-	-	-	-	-	-	-	-	-	651	-20,031
Acquired lease intangibles and other assets
-	-	-	-	-	-	-	-	-	0	0
Acquired below market lease intangibles and other liabilities
-	-	-	-	-	-	-	-	-	0	0
Purchase of investment properties
29,891	25,450	200,755	381,436	454,085	172,989	237,520	2,806	16,555	651	-20,031
Capital expenditures and tenant improvements
75,597	72,936	73,750	51,768	45,649	44,442	51,221	40,772	32,509	34,547	20,747
Proceeds from Sale of Real Estate Held-for-investment
44,656	197,887	896,456	446,066	505,503	315,400	326,766	453,320	195,948	144,675	172,007
Investment in developments in progress
29,470	12,226	13,649	1,362	2,371	2,992	1,468	565	3,288	3,219	15,297
Proceeds from sale of joint venture interest
-	-	-	-	-	-	53,073	0	0	-	-
Investment in unconsolidated joint ventures
-	-	-	-	-	25	9,640	13,821	50,030	3,589	2,879
Distributions of investments in unconsolidated joint ventures
-	-	-	-	-	-	862	17,403	12,563	0	0
Return of escrowed funds from unconsolidated joint venture
-	-	-	-	-	-	-	-	-	65,240	0
Other, net
-	-	-	-944	775	295	0	-21	-310	-829	5,755
Net cash used in investing activities
-90,302	87,275	608,302	12,444	2,623	77,900	103,212	471,829	107,471	154,400	193,706
Cash flows from financing activities:
Payment for Debt Extinguishment or Debt Prepayment Cost
8,151	5,791	8,498	3,863	837	-	-	-	-	-	-
Purchase of U.S. Treasury securities in connection with defeasance of mortgages payable
0	0	439,403	12,430	87,435	6,152	0	0	-	-	-
Redemption of preferred stock
0	0	135,000	0	0	-	-	-	-	-	-
Settlement of co-venture obligation
-	-	-	-	-	-	-	50,000	0	0	-
Proceeds from issuance of common stock
-	-	-	-	-	-	84,835	272,081	0	0	-
Proceeds from mortgages payable
-	-	-	-	1,049	3,541	940	-	574,764	90,000	30,000
Repayments of margin debt related to marketable securities
-	-	-	-	-	-	-	-7,541	-2,476	10,017	-56,340
Proceeds from mortgages payable
-	-	-	-	-	-	-	319,691	91,579	737,890	974,938
Principal payments on mortgages payable
110,546	81,788	106,722	266,033	441,490	192,244	571,870	988,483	678,071	1,050,997	1,158,195
Proceeds from unsecured notes payable
100,000	0	0	200,000	248,815	250,000	0	0	-	-	-
Proceeds from unsecured term loans
270,000	0	200,000	0	0	-	-	-	-	-	-
Repayments of unsecured term loans
0	100,000	100,000	0	0	-	-	-	-	-	-
Proceeds from unsecured revolving line of credit
263,000	482,000	943,000	622,500	610,000	375,500	630,000	355,000	-	-	-
Repayments of unsecured revolving line of credit
518,000	425,000	813,000	636,500	510,000	540,500	395,000	530,000	174,111	42,653	148,000
Payment of loan fees and deposits
2,519	5,954	10	8,756	2,243	1,615	5,454	-	-	-	-
Payment of loan fees and deposits, net
-	-	-	-	-	-	-	6,482	12,316	11,498	31,376
Proceeds from issuance of preferred stock
-	-	-	-	-	-	-	130,747	0	0	-
Distributions paid
141,528	145,333	163,684	166,693	166,513	166,143	164,391	128,391	71,754	50,654	47,651
Payments for Repurchase of Common Stock
0	74,952	227,102	8,841	0	0	-	1,253	0	0	-
Repayment of other financings
-	-	-	-	-	-	-	-	-	3,410	55,999
Proceeds from co-venture obligation
-	-	-	-	-	-	-	-	-	-	50,000
Other, net
1,401	-1,354	-1,413	-2,837	-4,152	-199	-1,783	-2,223	-3,897	-442	3,817
Net cash provided by (used in) financing activities
-146,343	-358,172	-851,832	-283,453	-352,806	-277,812	-422,723	-636,854	-276,282	-321,747	-438,806
Net increase (decrease) in cash, cash equivalents and restricted cash
-5,154	-66,734	3,986	-4,879	-83,533	54,102	-79,879	2,060	5,796	16,725	4,737
Supplemental cash flow disclosure, including non-cash activities:
Cash paid for interest, net of interest capitalized
74,154	70,564	78,327	101,789	115,249	127,645	144,975	205,124	227,887	248,576	222,573
Cash paid for amounts included in the measurement of operating lease liabilities
6,011	0	0	-	-	-	-	-	-	-	-
Distributions reinvested
-	-	-	-	-	-	-	11,626	44,296	32,731	37,302
Accrued capital expenditures and tenant improvements
7,477	16,007	7,902	9,286	6,079	6,731	6,662	6,399	4,878	0	0
Accrued leasing fees and inducements
1,903	530	547	952	0	0	-	-	-	-	-
Accrued redevelopment costs
2,185	41	750	4,816	0	0	-	-	-	-	-
Amounts reclassified to developments in progress
34,746	0	0	17,261	0	0	-	-	-	-	-
Developments in progress placed in service
1,377	11,997	0	0	2,288	4,047	523	929	25,651	28,312	35,126
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability
103,840	0	0	-	-	-	-	-	-	-	-
Straight-line ground rent liabilities reclassified to right-of-use lease asset
31,030	0	0	-	-	-	-	-	-	-	-
Straight-line office rent liability reclassified to right-of-use lease asset
507	0	0	-	-	-	-	-	-	-	-
Acquired ground lease intangible liability reclassified to right-of-use lease asset
11,898	0	0	-	-	-	-	-	-	-	-
Forgiveness of mortgage debt
-	-	-	-	-	-	19,615	27,449	15,798	-	-
U.S. Treasury securities transferred in connection with defeasance of mortgages payable
0	0	439,403	12,430	87,435	6,152	0	0	-	-	-
Defeasance of mortgages payable
0	0	379,435	10,695	70,092	4,830	0	0	-	-	-
Forgiveness of accrued interest, net of escrows held by the lender
-	-	-	-	-	-	6,716	0	0	-	-
Shares of Class B common stock converted to Class A common stock
-	-	-	-	-	-	97,036	48,518	0	0	-
Purchase of investment properties (after credits at closing):
Net investment properties
28,486	25,450	198,984	375,022	442,763	337,906	298,695	2,806	12,546	-	-
Accounts receivable, acquired lease intangibles and other assets
1,792	0	15,451	40,989	47,498	31,116	41,597	0	4,547	-	-
Acquired ground lease intangibles
-	-	-	-	-	-	14,791	0	0	-	-
Accounts payable, acquired lease intangibles and other liabilities
387	0	11,156	19,259	36,176	25,390	13,369	0	538	-	-
Mortgages payable assumed, net
-	-	-	15,316	0	146,485	69,177	0	-60,000	97,888	160,489
Gain on exchange of investment property
0	0	2,524	0	0	24,158	5,435	0	-	-	-
Payments to Acquire Real Estate Held-for-investment
29,891	25,450	200,755	381,436	454,085	172,989	237,520	2,806	16,555	651	-20,031
Proceeds from sales of investment properties:
Net investment properties
30,119	156,248	556,129	393,680	379,419	265,127	275,749	389,465	217,700	259,308	288,635
Proceeds from sales of investment properties:
Right-of-use lease assets
8,242	0	0	-	-	-	-	-	-	-	-
Accounts receivable, acquired lease intangibles and other assets
1,591	11,279	17,678	13,484	8,638	12,053	15,928	52,064	10,142	-4,697	23,397
Lease liabilities
11,326	0	0	-	-	-	-	-	-	-	-
Accounts payable, acquired lease intangibles and other liabilities
2,842	6,851	11,316	11,605	4,378	4,631	14,368	2,305	-5,805	3,713	5,919
Mortgages payable
-	-	-	-	-	-	26	0	0	-	-
Deferred gain
0	0	1,486	1,500	32	0	1,113	318	2,505	0	0
Mortgage debt forgiven or assumed
-	-	-	94,353	0	0	-	-	-	-	-
Gain on sales of investment properties, excluding gain on exchange of investment property
18,872	37,211	335,451	129,707	121,792	-	-	-	-	-	-
Forgiveness of mortgage debt
-	-	-	-	-	-	-	23,570	0	50,831	0
Forgiveness of mortgage debt
-	-	-	-	-	-	-	-	-	31,756	0
Gain on extinguishment of other liabilities
-	-	-	6,978	0	-	3,511	0	0	-	-
Gain on extinguishment of debt
-	-	-	-	-	-	-	-	991	0	0
Gain (Loss) on Sale of Properties
18,872	37,211	337,975	129,707	121,792	42,851	47,085	37,984	30,415	23,421	26,383
Proceeds from Sale of Real Estate Held-for-investment
44,656	197,887	896,456	446,066	505,503	315,400	326,766	453,320	195,948	144,675	172,007
Reconciliation of cash, cash equivalents and restricted cash:
Cash decrease due to deconsolidation of variable interest entity
-	-	-	-	-	-	-	-	-	12,416	0
Proceeds from sale of joint venture ownership interest:
Investment in unconsolidated joint venture
-	-	-	-	-	-	35,574	0	0	-	-
Other assets and other liabilities
-	-	-	-	-	-	447	0	0	-	-
Deferred gain
-	-	-	-	-	-	447	0	0	-	-
Gain on sale of joint venture interest
-	-	-	-	-	-	17,499	0	0	-	-
Proceeds from sale of joint venture interest
-	-	-	-	-	-	53,073	0	0	-	-
Deconsolidation of variable interest entity:
Investment in unconsolidated joint ventures
-	-	-	-	-	-	-	-	-	7,230	0
Other assets, net
-	-	-	-	-	-	-	-	-	6,386	0
Accounts payable and accrued expenses
-	-	-	-	-	-	-	-	-	124	0
Other liabilities
-	-	-	-	-	-	-	-	-	7,186	0
Noncontrolling interests
-	-	-	-	-	-	-	-	-	4,262	0
Cash decrease due to deconsolidation of variable interest entity
-	-	-	-	-	-	-	-	-	12,416	0