Rpt realty (RPT)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
OPERATING ACTIVITIES
Net income

93,686

18,036

70,719

61,112

66,895

-2,412

11,462

7,092

-28,500

-23,724

15,936

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

78,647

87,327

91,335

91,793

89,439

81,182

56,841

39,822

37,026

32,026

30,990

Amortization of deferred financing fees

1,419

1,503

1,418

1,443

1,433

1,446

1,447

1,454

1,879

2,663

875

Income tax provision

200

200

100

299

339

54

64

-34

795

-670

-

Income tax provision

-

-

-

-

-

-

-

-

-

-

-633

Earnings from unconsolidated joint ventures

581

589

273

454

17,696

75

-4,759

3,248

1,669

-221

1,328

Distributions received from operations of unconsolidated joint ventures

231

546

738

496

1,744

1,881

3,232

3,793

4,413

2,904

3,836

Provision for impairment

0

13,650

9,404

977

2,521

27,865

9,669

4,688

16,917

28,787

-

Loss on extinguishment of debt

-2,571

-134

0

-1,256

1,414

-860

0

307

-750

-242

-

Other gain on unconsolidated joint ventures

200

5,208

0

215

7,892

117

5,282

845

0

1,796

-

Provision for impairment on equity investments in unconsolidated joint ventures

-

-

-

-

-

-

-

-

9,611

2,653

-

Abandonment of pre-development sites

-

-

-

-

-

-

-

-

-

-

1,224

Gain on sale of real estate

81,856

3,994

52,764

35,781

17,570

10,857

6,399

405

9,638

46

7,896

Insured expenses, net

2,276

0

0

-

-

-

-

-

-

-

-

Amortization of acquired above and below market lease intangibles, net

-6,762

-9,880

-4,397

-

-

-

-

-

-

-

-

Amortization of premium on mortgages, net

953

1,019

1,153

-1,815

-1,687

-1,138

-541

-30

-35

-202

-303

Bargain purchase gain on acquisition of real estate

-

-

-

-

-

-

-

-

-

9,836

-

Service-based restricted share expense

3,493

4,673

2,710

2,861

1,888

2,093

2,151

2,120

1,849

1,279

1,291

Long-term incentive cash and equity compensation expense

3,045

2,003

1,695

664

-271

2,527

1,498

445

0

-

-

Changes in assets and liabilities, net of effect of acquisitions and dispositions:
Accounts receivable, net

637

-2,390

1,974

-1,859

6,708

2,349

1,672

-1,128

252

-5,112

-2,397

Other assets, net

1,756

2,979

2,183

-674

-4,529

-5,420

689

-6,349

-4,577

-3,758

162

Accounts payable and other liabilities

-2,172

-469

2,507

-8,568

-9,920

4,212

9,043

172

-3,903

-122

1,837

Net cash provided by operating activities

90,593

106,322

117,925

116,601

105,630

110,592

85,583

62,194

44,703

43,249

48,064

INVESTING ACTIVITIES
Acquisitions of real estate

33,922

6,365

169,882

12,990

152,923

264,414

342,189

149,960

77,260

55,779

21,598

Development and capital improvements

55,842

77,173

63,256

68,038

60,923

80,742

44,625

38,431

24,430

31,939

-

Capital improvements covered by insurance

759

0

0

-

-

-

-

-

-

-

-

Net proceeds from sales of real estate

185,221

116,492

216,463

90,975

45,960

34,156

33,916

10,292

28,803

4,023

28,022

Insurance proceeds from insured expenses

3,150

0

0

-

-

-

-

-

-

-

-

Distributions from sale of joint venture property

1,985

6,308

0

1,303

14,098

0

1,687

3,587

3,756

-

-

Investment in unconsolidated joint ventures

4,738

-

-

-

-

14

4,979

3,869

9,279

13,720

10,922

Change in restricted cash

-

-

-

-

545

4,709

-438

-2,171

337

1,520

-1,164

Proceeds from equity interests in unconsolidated joint ventures

-

3,000

0

0

-

-

-

-

-

-

-

Note repayment from third party

-

-

-

-

-

-

-

-3,000

0

3,000

-

Purchase of partner's equity in consolidated joint ventures

-

-

-

-

-

-

-

-

1,000

-

-

Net cash (used in) provided by investing activities

95,095

42,262

-16,675

11,250

-154,333

-315,723

-355,752

-173,210

-79,747

-101,935

-3,334

FINANCING ACTIVITIES
Proceeds on notes payable

300,000

0

75,000

75,000

150,000

275,000

185,000

45,000

135,586

46,000

176,186

Repayment of mortgages and notes payable

330,678

5,810

39,775

149,956

92,305

153,795

121,817

24,200

79,840

63,159

286,235

Proceeds on revolving credit facility

19,400

90,000

258,000

185,000

246,000

250,000

-13,000

10,500

-90,250

27,714

-

Repayments on revolving credit facility

19,400

120,000

314,000

159,000

196,000

267,000

-

-

-

-

-

Payment of debt extinguishment costs

1,401

134

0

410

0

0

340

0

0

-

-

Payment of deferred financing costs

3,992

0

3,120

698

522

2,379

1,889

1,959

2,839

1,173

6,507

Proceeds from issuance of common shares, net of costs

-96

-39

-24

-202

17,110

170,372

274,295

111,468

8,819

75,693

96,240

Proceeds from issuance of preferred shares

-

-

-

-

-

-

-

-

96,642

-

-

Repayment of finance lease obligation

49

47

44

42

720

328

337

318

300

283

267

Conversion of preferred shares

-

-

-

-

500

0

0

-

-

-

-

Redemption of operating partnership units for cash

0

100

0

1,517

3,826

84

1,243

0

0

-

54

Shares used for employee taxes upon vesting of awards

608

1,784

498

574

472

-

-

-

-

-

-

Dividends paid to preferred shareholders

6,701

6,701

6,701

6,701

6,977

7,250

7,250

7,250

3,432

-

-

Dividends paid to common shareholders

70,652

70,458

70,225

67,710

63,972

54,149

40,108

28,333

25,203

22,501

17,974

Distributions paid to operating partnership unit holders

1,681

1,683

1,687

1,667

1,804

1,716

1,580

1,814

2,159

1,906

2,503

Net cash provided by (used in) financing activities

-115,858

-116,753

-103,085

-128,477

46,012

208,671

271,731

103,094

37,024

60,385

-41,114

Net change in cash, cash equivalents and restricted cash

69,830

31,831

-1,835

-626

-2,691

3,540

1,562

-7,922

1,980

1,699

3,616

SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITY
Assumption of debt related to acquisitions

-

-

-

-

60,048

58,634

158,767

0

0

-

-

Equity investment in unconsolidated joint venture

0

0

3,000

0

0

-

-

-

-

-

-

Contribution of real estate exchanged for an equity investment in unconsolidated joint venture

125,660

0

0

-

-

-

-

-

-

-

-

Escrowed proceeds used in acquisition of real estate

-

-

-

-

0

0

-

-

-

-

-

Conveyance of ownership interest to lender, release from mortgage obligation

-

-

-

-

-

-

-

8,501

9,107

-

-

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash paid for interest (net of capitalized interest of $1 and $24 in 2020 and 2019, respectively)

40,800

43,943

43,744

46,937

42,898

35,507

30,631

25,686

28,747

29,746

28,783

Operating lease right-of-use assets obtained in exchange for operating lease liabilities

2,191

-

-

-

-

-

-

-

-

-

-

Reconciliation of cash, cash equivalents and restricted cash
Cash from consolidated variable interest entity

-

-

-

-

-

-

-

-

-

44

-

Net of capitalized interest

-

-

-

743

1,613

-

-

-

-

-

-

Cash paid for federal income taxes

-

-

-

-

-

-

0

16

63

28

378

(Decrease) increase in fair value of interest rate swaps

-

-

-

-

-

-

-

-

-

-

1,334