Seritage growth properties (SRG)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15
CASH FLOW FROM OPERATING ACTIVITIES
Net loss

-30,975

-37,342

-16,482

-25,885

-10,894

-85,733

-34,744

-10,602

16,201

-70,378

17,276

-34,867

-32,844

-26,483

-37,247

-12,565

-14,714

-6,950

-31,853

Adjustments to reconcile net loss to net cash provided by operating activities:
Equity in loss of unconsolidated joint ventures

-894

-3,656

-5,616

-9,944

1,222

-3,442

-2,266

-2,158

-2,582

-3,562

-3,686

-1,542

1,002

151

1,497

912

2,086

2,052

2,720

Distributions from unconsolidated joint ventures

46

56

40

0

781

-

-

-

-

-

-

-

-

3,805

3,679

4,342

3,851

4,135

2,598

Gain on sale of real estate, net

20,788

25,786

12,445

11,612

21,261

2,746

17,401

34,187

41,831

-

-

-

-

-

-

-

-

-

-

Unrealized loss on interest rate cap

-

-

-

-

-

0

-16

-172

165

-15

-91

-124

-471

520

-47

-480

-1,371

-119

-2,814

Share-based compensation

1,179

2,611

1,349

1,353

1,532

1,883

2,210

2,510

869

5,851

388

389

390

267

267

267

267

228

716

Depreciation and amortization

34,097

36,578

21,593

20,194

26,216

92,627

49,830

49,551

34,667

91,878

61,059

50,571

58,663

55,754

44,532

37,324

39,509

32,972

32,935

Amortization of deferred financing costs

106

105

106

105

118

101

6,631

1,870

1,720

2,329

2,329

2,479

1,582

1,340

1,341

1,340

1,340

1,333

1,324

Amortization of above and below market leases, net

-97

-113

-135

-143

-104

-178

-176

-180

-234

-139

13

-399

-195

-160

-190

-138

-192

-194

-194

Straight-line rent adjustment

2,701

35

-6,661

-5,609

-3,355

4,575

1,082

-379

-2,453

-1,355

1,115

-1,945

-1,534

-1,620

-3,015

-3,823

-4,404

-4,376

-3,923

Change in operating assets and liabilities
Tenants and other receivables

2,300

-4,074

-476

2,478

-484

-2,006

-814

4,110

-1,034

1,309

3,709

154

-419

8,075

-7,574

-1,232

381

811

662

Prepaid expenses, deferred expenses and other assets

124

-2,717

12,797

-5,179

248

-4,281

11,124

-1,261

4,229

577

7,761

-1,148

687

2,416

4,262

-11,218

-1,540

12,657

12,939

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

905

2,856

Accounts payable, accrued expenses and other liabilities

5,061

-5,902

7,521

-807

-8,818

16,389

-1,313

482

-502

-5,805

6,794

-31,490

9,039

-11,900

18,590

6,423

-970

-703

22,292

Net cash used in operating activities

-10,200

-19,351

-11,819

-9,759

-16,771

40,603

-1,909

8,546

7,659

13,375

24,534

-12,602

34,302

-6,666

28,772

45,188

25,131

10,139

7,532

Acquisition of real estate and unconsolidated joint ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2,653,019

Investment in unconsolidated joint ventures

16,894

21,483

13,092

10,478

9,140

7,483

13,362

4,544

1,616

1,955

20,991

9,104

5,943

-

-

-

-

-

-

Distributions from unconsolidated joint ventures

1,150

140

260

1,095

389

-901

3,384

6,395

2,110

-675

3,199

3,892

3,623

-

-

-

-

-

-

Net proceeds from sale of real estate

58,330

57,363

29,384

16,189

37,569

39,405

36,093

74,164

60,435

-

-

-

-

-

-

-

-

-

-

Development of real estate

73,610

108,544

96,582

97,147

85,413

103,220

68,332

56,020

85,983

79,035

57,995

83,227

22,848

18,957

14,013

26,190

7,033

7,377

3,896

Decrease (increase) in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-8,723

74,830

Net cash used in investing activities

-31,000

-72,534

-80,030

-90,341

-56,595

-72,199

-42,217

19,995

-25,054

-13,695

164,491

-88,439

-25,168

-17,276

-2,281

-26,190

-7,033

1,346

-2,731,745

Proceeds from issuance of mortgage loans payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,161,196

Repayment of mortgage loans payable

-

-

-

-

-

0

1,079,147

58,380

73,034

-

-

-

-

-

-

-

-

-

-

Proceeds from Future Funding Facility

-

-

-

-

-

-

-

-

-

0

0

72,987

7,011

-

-

-

-

-

-

Payment of deferred financing costs

-

-

-

-

-

267

1,842

0

363

1,662

237

1,003

1,446

908

0

0

6

0

21,431

Proceeds from issuance of common stock and non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,644,042

Preferred stock offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

126

8,086

Purchase of shares related to stock grant recipients' tax withholdings

74

0

111

1,799

1,613

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred dividends paid

1,225

1,225

1,225

1,225

1,225

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common dividends paid

-

0

0

8,966

8,998

8,897

8,915

8,988

8,877

8,869

8,466

8,466

8,447

7,872

7,872

7,872

15,738

-

-

Non-controlling interests distributions paid

-

0

0

5,030

5,030

5,030

5,030

5,003

5,055

5,055

5,458

5,458

5,477

6,044

6,044

6,044

12,088

-

-

Net cash used in financing activities

-1,299

-1,225

-1,336

-17,020

-16,866

-17,168

358,841

-74,145

-87,329

110,888

-64,795

143,060

-8,359

-14,061

5,323

-13,916

-27,832

-126

2,775,721

Net decrease in cash and cash equivalents

-42,523

-93,060

-93,185

-117,120

-90,232

-48,764

314,715

-45,604

-104,724

110,568

124,230

42,019

775

-38,003

31,814

5,082

-9,734

11,359

51,508

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash payments for interest

28,311

32,312

28,622

28,622

28,000

28,311

31,179

22,191

21,105

19,844

20,042

17,932

16,052

15,556

15,422

15,268

14,805

14,324

11,001

Capitalized interest

7,914

7,856

7,681

7,294

5,666

5,847

5,192

5,282

6,862

5,357

4,424

2,184

1,177

879

915

723

560

-

-

Income taxes paid

5

113

1

146

25

-116

93

240

104

5

0

147

119

93

99

158

155

493

451

SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES
Development of real estate financed with accounts payable

57,644

-5,574

3,616

1,526

17,438

576

11,139

-5,499

19,964

4,226

5,123

6,201

5,899

2,927

-2,234

1,819

3,857

-3,358

6,214

Common dividends and OP units distributions declared and unpaid

-

-

-

-

14,026

-4

-15

0

14,046

-

-

-

-

-

-

-

-

-

-

Preferred dividends declared and unpaid

1,225

0

0

0

1,225

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in real estate, net resulting from deconsolidated properties
Dividends and distribution declared and unpaid

-

-

-

-

-

-

-

-

-

-

-

0

13,969

0

1

1

13,952

-

-

Real estate, net

-

0

-2,581

0

-14,656

-

-

-

-58,190

-

-

-

-

-

-

-

-

-

-

Tenants and other receivables, net

-

0

0

0

-2

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses, deferred expenses and other assets, net

-

0

0

0

-84

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable, accrued expenses and other liabilities

-

0

0

0

6

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transfer to real estate assets held for sale

-2,071

-12,394

4,936

-2,233

4,416

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transfer of below market asset to right of use asset

-

0

0

0

-11,005

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Recording of right of use assets

1,598

0

0

0

19,373

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Recording of lease liabilities

-1,598

0

0

0

-8,368

-

-

-

-

-

-

-

-

-

-

-

-

-

-