Retail value inc. (RVI)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18
Cash flow from operating activities:
Net loss

-13,067

-39,126

72,268

13,617

-10

2,899

5,953

-

-

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

16,470

19,189

17,676

18,378

19,355

20,333

22,138

-

-

Amortization and write-off of above- and below-market leases, net

306

299

297

295

346

390

590

-

-

Amortization and write-off of debt issuance costs and fair market value of debt adjustments

4,586

1,134

2,886

3,855

6,635

4,524

3,742

-

-

Gain on disposition of real estate, net

2,674

-166

10,483

12,946

18,219

6,978

9,835

-

-

Property insurance proceeds in excess of receivable

-

-

-

-

-

0

0

-

-

Impairment charges

15,910

47,080

19,790

7,110

6,090

1,970

4,420

-

-

Loss on debt extinguishment

0

0

60

87

88

-39

39

-

-

Interest rate hedging activities

0

0

0

0

-1,152

-3,604

0

-

-

Assumption of buildings due to ground lease terminations

-

-

-

-

-

0

0

-

-

Valuation allowance of prepaid taxes

-

-

-

-

-

0

0

-

-

Net change in accounts receivable

-2,014

685

-510

-1,301

-1,764

1,721

1,273

-

-

Net change in accounts payable and other liabilities

-7,118

2,098

770

-477

-6,346

-44

1,634

-

-

Net change in other operating assets

592

2,702

1,957

-3,395

-1,361

2,799

3,594

-

-

Total adjustments

28,290

62,556

-42,392

16,436

11,534

18,460

16,681

-

-

Net cash flow provided by operating activities

15,223

23,430

29,876

30,053

11,524

21,359

22,634

-

-

Cash flow from investing activities:
Real estate improvements to operating real estate

6,152

14,686

15,752

23,514

25,881

23,406

21,353

-

-

Proceeds from disposition of real estate

146,824

17,269

51,661

141,446

105,851

129,583

153,747

-

-

Hurricane property insurance proceeds

0

3,424

70,517

20,000

13,750

-

-

-

-

Net repayments to SITE Centers

-

-

-

-

-

-

966

-

-

Net cash flow provided by investing activities

140,672

23,007

89,426

137,932

93,720

127,143

131,428

-

-

Cash flow from financing activities:
Repayment of Parent Company unsecured debt, including repayment costs

-

-

-

-

-

0

0

-

-

Proceeds from mortgage debt

0

0

0

0

900,000

0

0

-

-

Repayment of mortgage debt, including repayment costs

154,596

0

100,659

125,158

988,697

165,698

117,044

-

-

Payment of debt issuance costs

0

0

6

0

11,889

0

252

-

-

Net transactions with SITE Centers

-

-

-

-

-

-3,757

0

-

-

Dividends paid

10,958

22

0

106

6,741

0

0

-

-

Net cash flow used for financing activities

-165,554

-33,618

-100,665

-125,264

-107,327

-169,455

-117,296

-

-

Net decrease in cash, cash equivalents and restricted cash

-9,659

12,819

18,637

42,721

-2,083

-20,953

36,766

-

-

RVI Predecessor [Member]
Net income (loss)

-

-

-

-

-

-

-

-

-144,317

Depreciation and amortization

-

-

-

-

-

-

-

-

26,072

Amortization and write-off of above- and below- market leases, net

-

-

-

-

-

-

-

-

614

Amortization and write-off of debt issuance costs and fair market value of debt adjustments

-

-

-

-

-

-

-

-

11,399

Impairment charges

-

-

-

-

-

-

-

-

33,620

Loss on debt extinguishment

-

-

-

-

-

-

-

-

96,664

Interest rate hedging activities

-

-

-

-

-

-

-

-

4,833

Net change in accounts receivable

-

-

-

-

-

-

-

-

-92

Net change in accounts payable and other liabilities

-

-

-

-

-

-

-

-

-7,545

Net change in other operating assets

-

-

-

-

-

-

-

-

8,001

Total adjustments

-

-

-

-

-

-

-

-

146,854

Net cash flow provided by operating activities

-

-

-

-

-

-

-

-

2,537

Real estate improvements to operating real estate

-

-

-

-

-

-

-

-

7,173

Net cash flow provided by investing activities

-

-

-

-

-

-

-

-

-7,173

Repayment of Parent Company unsecured debt

-

-

-

-

-

-

-

-

899,880

Proceeds from mortgage debt

-

-

-

-

-

-

-

-

1,350,000

Repayment of mortgage debt

-

-

-

-

-

-

-

-

342,220

Payment of debt issuance costs

-

-

-

-

-

-

-

-

32,379

Net transactions with SITE Centers

-

-

-

-

-

-

-

-

-27,451

Net cash flow used for financing activities

-

-

-

-

-

-

-

-

48,070

Net increase in cash, cash equivalents and restricted cash

-

-

-

-

-

-

-

-

43,434