Seritage growth properties (SRG)
CashFlow / TTM
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

-110,684

-90,603

-138,994

-157,256

-141,973

-114,878

-99,523

-47,503

-71,768

-120,813

-76,918

-131,441

-109,139

-91,009

-71,476

-66,082

0

0

0

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

-20,110

-17,994

-17,780

-14,430

-6,644

-10,448

-10,568

-11,988

-11,372

-7,788

-4,075

1,108

3,562

4,646

6,547

7,770

0

0

0

Distributions from unconsolidated joint ventures

142

877

0

0

0

-

-

-

-

-

-

-

-

15,677

16,007

14,926

0

0

0

Gain on sale of real estate, net

70,631

71,104

48,064

53,020

75,595

96,165

0

0

0

-

-

-

-

-

-

-

-

-

-

Unrealized loss on interest rate cap

-

-

-

-

-

-23

-38

-113

-65

-701

-166

-122

-478

-1,378

-2,017

-4,784

0

0

0

Share-based compensation

6,492

6,845

6,117

6,978

8,135

7,472

11,440

9,618

7,497

7,018

1,434

1,313

1,191

1,068

1,029

1,478

0

0

0

Depreciation and amortization

112,462

104,581

160,630

188,867

218,224

226,675

225,926

237,155

238,175

262,171

226,047

209,520

196,273

177,119

154,337

142,740

0

0

0

Amortization of deferred financing costs

422

434

430

6,955

8,720

10,322

12,550

8,248

8,857

8,719

7,730

6,742

5,603

5,361

5,354

5,337

0

0

0

Amortization of above and below market leases, net

-488

-495

-560

-601

-638

-768

-729

-540

-759

-720

-741

-944

-683

-680

-714

-718

0

0

0

Straight-line rent adjustment

-9,534

-15,590

-11,050

-3,307

1,923

2,825

-3,105

-3,072

-4,638

-3,719

-3,984

-8,114

-9,992

-12,862

-15,618

-16,526

0

0

0

Change in operating assets and liabilities
Tenants and other receivables

228

-2,556

-488

-826

806

256

3,571

8,094

4,138

4,753

11,519

236

-1,150

-350

-7,614

622

0

0

0

Prepaid expenses, deferred expenses and other assets

5,025

5,149

3,585

1,912

5,830

9,811

14,669

11,306

11,419

7,877

9,716

6,217

-3,853

-6,080

4,161

12,838

0

0

0

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Accounts payable, accrued expenses and other liabilities

5,873

-8,006

14,285

5,451

6,740

15,056

-7,138

969

-31,003

-21,462

-27,557

-15,761

22,152

12,143

23,340

27,042

0

0

0

Net cash used in operating activities

-51,129

-57,700

2,254

12,164

30,469

54,899

27,671

54,114

32,966

59,609

39,568

43,806

101,596

92,425

109,230

87,990

0

0

0

Acquisition of real estate and unconsolidated joint ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Investment in unconsolidated joint ventures

61,947

54,193

40,193

40,463

34,529

27,005

21,477

29,106

33,666

37,993

0

0

0

-

-

-

-

-

-

Distributions from unconsolidated joint ventures

2,645

1,884

843

3,967

9,267

10,988

11,214

11,029

8,526

10,039

0

0

0

-

-

-

-

-

-

Net proceeds from sale of real estate

161,266

140,505

122,547

129,256

187,231

210,097

0

0

0

-

-

-

-

-

-

-

-

-

-

Development of real estate

375,883

387,686

382,362

354,112

312,985

313,555

289,370

279,033

306,240

243,105

183,027

139,045

82,008

66,193

54,613

44,496

0

0

0

Decrease (increase) in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Net cash used in investing activities

-273,905

-299,500

-299,165

-261,352

-151,016

-119,475

-60,971

145,737

37,303

37,189

33,608

-133,164

-70,915

-52,780

-34,158

-2,763,622

0

0

0

Proceeds from issuance of mortgage loans payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Repayment of mortgage loans payable

-

-

-

-

-

1,210,561

0

0

0

-

-

-

-

-

-

-

-

-

-

Proceeds from Future Funding Facility

-

-

-

-

-

-

-

-

-

79,998

0

0

0

-

-

-

-

-

-

Payment of deferred financing costs

-

-

-

-

-

2,472

3,867

2,262

3,265

4,348

3,594

3,357

2,354

914

6

21,437

0

0

0

Proceeds from issuance of common stock and non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Preferred stock offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Purchase of shares related to stock grant recipients' tax withholdings

1,984

3,523

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred dividends paid

4,900

4,900

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common dividends paid

-

17,964

26,861

35,776

35,798

35,677

35,649

35,200

34,678

34,248

33,251

32,657

32,063

39,354

0

0

0

-

-

Non-controlling interests distributions paid

-

10,060

15,090

20,120

20,093

20,118

20,143

20,571

21,026

21,448

22,437

23,023

23,609

30,220

0

0

0

-

-

Net cash used in financing activities

-20,880

-36,447

-52,390

307,787

250,662

180,199

308,255

-115,381

101,824

180,794

55,845

125,963

-31,013

-50,486

-36,551

2,733,847

0

0

0

Net decrease in cash and cash equivalents

-345,888

-393,597

-349,301

58,599

130,115

115,623

274,955

84,470

172,093

277,592

129,021

36,605

-332

-10,841

38,521

58,215

0

0

0

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash payments for interest

117,867

117,556

113,555

116,112

109,681

102,786

94,319

83,182

78,923

73,870

69,582

64,962

62,298

61,051

59,819

55,398

0

0

0

Capitalized interest

30,745

28,497

26,488

23,999

21,987

23,183

22,693

21,925

18,827

13,142

8,664

5,155

3,694

3,077

0

0

0

-

-

Income taxes paid

265

285

56

148

242

321

442

349

256

271

359

458

469

505

905

1,257

0

0

0

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

57,212

17,006

23,156

30,679

23,654

26,180

29,830

23,814

35,514

21,449

20,150

12,793

8,411

6,369

84

8,532

0

0

0

Common dividends and OP units distributions declared and unpaid

-

-

-

-

14,007

14,027

0

0

0

-

-

-

-

-

-

-

-

-

-

Preferred dividends declared and unpaid

1,225

1,225

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

13,970

13,971

13,954

0

0

0

-

-

Real estate, net

-

-17,237

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

Tenants and other receivables, net

-

-2

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses, deferred expenses and other assets, net

-

-84

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable, accrued expenses and other liabilities

-

6

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transfer to real estate assets held for sale

-11,762

-5,275

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transfer of below market asset to right of use asset

-

-11,005

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Recording of right of use assets

1,598

19,373

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Recording of lease liabilities

-1,598

-8,368

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-