Stratus properties inc. (STRS)
CashFlow / Quarterly
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Cash flow from operating activities:
Net income (loss)

-

-

-

862

-

-

-

-1,870

-6,869

14,308

-885

-2,670

-174

-1,659

-2,483

-1,683

310

13,741

-240

3,784

13,223

778

1,264

2,892

2,093

-997

2,967

1,831

95

-1,600

-4,616

1,808

-6,477

-3,685

1,874

3,055

Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation

2,838

2,835

2,703

2,630

2,405

2,171

2,053

1,942

1,930

2,026

1,756

2,141

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,682

2,030

2,063

2,346

2,304

2,264

2,241

2,225

2,247

2,263

2,252

2,308

2,230

2,243

2,639

2,166

2,117

2,304

2,198

2,109

1,815

Cost of real estate sold

1,889

997

2,393

1,931

4,503

727

4,650

403

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of real estate sold

-

-

-

-

-

-

-

-

-

-

-2,865

-1,032

-

-2,855

-721

-970

-

-2,837

-931

-1,167

-5,953

-3,691

-3,497

-2,584

-5,603

-5,966

-18,790

-12,585

-9,167

-21,029

-4,469

-10,145

123,831

-9,908

-22,257

-21,043

Gain on sale of 7500 Rialto, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

3,218

0

0

0

0

-

-

-

-

10,292

0

0

-5,146

0

0

0

0

Gain on sales of assets

3,694

37

-161

2,113

0

0

0

0

42

24,306

0

1,115

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss (gain) on interest rate derivative contracts

3

-9

-123

-59

-127

56

80

178

-

-

-

86

519

174

-101

-374

262

-918

-13

-55

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on early extinguishment of debt

0

-231

0

-16

0

0

0

0

0

0

0

-532

0

0

0

-837

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt issuance cost and share based compensation

-

-

-

-

-

-

-

-

-

580

205

442

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt issuance cost amortization and stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

365

-

400

412

365

-

128

122

98

93

88

86

71

71

89

54

55

91

118

105

108

Debt issuance cost amortization and stock-based compensation

532

496

250

296

470

598

379

412

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity in unconsolidated affiliates’ loss (income)

1

-7

-13

0

946

210

-3

-3

-25

-5

-2

-17

-19

-3

-25

98

-901

-280

-239

121

864

-190

-243

681

-73

-114

149

-38

-43

-61

147

-72

-97

-75

-89

-76

Increase (decrease) in deposits

-

-

-

-

-

-

-

-

-

-

305

-1,156

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in deposits

-

460

77

108

-

654

383

205

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-135

114

-

-1,185

-180

98

1,022

-698

-502

603

1,306

-1,419

-112

225

-

-1,017

-465

453

-12,447

6,057

-296

157

Deferred income taxes, excluding U.S. tax reform charge

235

-515

-329

291

493

-428

-149

-504

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

11,343

-2,832

-9,775

-

-12,789

-16

-22

-

1,423

-51

98

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Purchases and development of real estate properties

-

3,110

2,458

3,298

-

21,201

4,087

3,612

3,199

3,222

4,306

3,668

3,656

3,290

4,504

3,125

5,646

4,888

9,140

6,563

7,317

22,794

16,826

7,991

2,541

5,326

5,060

3,668

145

1,875

1,570

5,001

-95,637

10,654

13,869

12,524

Recovery of land previously sold

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

485

0

0

0

0

-

-

-

-

Municipal utility districts reimbursements

200

0

0

900

0

0

0

0

11,627

0

0

2,172

0

12,302

0

0

-

-

-

-

-

-

-

-

0

0

0

208

0

0

0

0

-

-

-

-

Increase in other assets

-

1,893

708

928

-

668

1,475

822

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in other assets

-

-

-

-

-

-

-

-

-

-

-611

-299

3,536

-3,168

5,133

710

-536

3,136

1,355

-972

208

4,032

-212

-881

-3,109

-20,622

10,262

2,369

6,731

2,606

2,127

956

3,301

-948

-1,424

1,397

Decrease in accounts payable, accrued liabilities and other

-716

1,067

-2,104

-83

1,641

2,898

-542

-4,963

10,446

575

-1,707

812

-10,228

6,973

3,280

-3,182

-4,623

9,841

2,599

-577

1,055

4,567

671

-1,904

-477

974

1,895

-529

2,130

-724

749

-4,524

14,813

9,835

-4,058

3,511

Net cash used in operating activities

1,633

-2,415

-2,269

691

-5,296

-17,887

278

-8,984

25,697

2,080

-3,982

-11,023

-4,602

11,146

-5,558

-4,706

-5,134

3,935

1,241

-1,832

3,519

-14,514

-8,090

-2,477

9,076

26,491

10,687

9,687

5,702

18,030

-557

-1,883

7,459

2,686

10,227

15,530

Cash flow from investing activities:
Capital expenditures

11,383

6,177

15,547

29,443

8,464

10,486

18,606

24,376

19,716

9,263

2,799

2,301

3,395

2,385

8,567

13,868

17,795

20,643

8,464

8,276

4,541

1,310

465

488

1,395

359

562

70

-

-

-

-

-

-

-

-

Proceeds from sales of assets

7,650

0

0

3,170

0

0

0

0

0

0

0

117,261

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on master lease obligations

582

450

460

306

636

544

544

388

543

726

605

322

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of noncontrolling interest in consolidated subsidiary

-

0

0

4,589

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

-

6

4

0

-

-465

57

30

-

1

-52

100

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Return of investment in (investment in) unconsolidated affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

187

-

56

-27

-35

-2,701

-23

-70

-1,275

-

-

-

-

-

-

-

-

-

-

-

-

Commercial leasing properties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,318

607

567

2,239

698

2,701

1,493

1,411

Hotel

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

61

3

0

0

1,031

-26

1,109

4,256

Entertainment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30

6

51

113

320

-427

649

4,443

Return of investment in (investment in) unconsolidated affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

185

0

0

500

0

Proceeds from sale of 7500 Rialto

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

5,697

0

0

0

0

Net cash used in investing activities

-10,070

-6,633

-16,011

-31,168

-9,452

-10,565

-19,207

-24,794

-20,247

-9,990

-3,352

114,538

-3,408

-2,387

-8,397

-14,055

-18,479

22,567

-8,437

-8,241

-1,840

-1,287

-395

787

-1,395

-759

-1,262

-70

-1,409

-616

-618

3,160

-2,049

-2,248

-3,751

-10,110

Cash flow from financing activities:
Borrowings from credit facility

8,000

5,100

2,000

12,086

2,000

10,100

6,036

16,300

2,000

25,000

5,000

15,200

8,969

12,000

6,500

5,500

-13,500

32,326

9,000

14,500

7,500

5,000

20,000

3,500

0

9,000

6,000

3,000

2,155

13,000

3,000

6,500

6,061

3,500

3,000

10,000

Payments on credit facility

16,816

2,461

2,737

12,911

3,869

1,887

3,150

1,075

14,330

1,876

3,029

48,746

453

15,981

1,208

1,931

11,406

5,491

8,420

6,946

3,133

2,954

5,657

1,171

11,688

9,556

13,921

9,447

6,837

19,645

2,464

7,445

6,757

640

1,492

134

Borrowings from project loans

-

-

-

30,744

-

-

-

13,164

7,068

959

4,068

3,698

5,615

5,467

8,451

160,424

39,468

44,392

9,036

6,774

4,776

23,812

6,000

0

7,465

100,009

1,559

9

284

1,513

1,873

7,146

5,537

-189

14,524

11,256

Payments on project and term loans

-

-

-

4,006

-

-

-

563

533

505

1,643

62,080

8,536

4,239

463

149,882

7,015

26,419

579

9,083

449

7,012

4,647

420

295

68,068

216

227

3,202

10,575

147

6,714

10,879

6,230

29,008

29,300

Cash dividend paid

0

14

0

17

32

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based awards net payments

0

-134

0

-100

72

0

0

-203

-1

0

2

-236

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock issuance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Stock-based awards net payments

-

-

-

-

-

-

-

-

-

-

-

-

-

12

0

-158

-

1,866

-51

-93

0

65

0

-190

1

62

1

-73

17

0

13

-32

-13

0

-18

-57

Noncontrolling interests’ (distributions) contributions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-7,362

-694

-2,541

-1,040

-

-

-

-

-

-

-

-

-

-

-

-

Noncontrolling interests distributions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-103

-

0

0

341

1,510

3,976

2,678

1,924

Common stock issuance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

4,817

-

-

-

-

Repurchases of treasury stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

42

0

101

536

137

197

252

371

0

0

0

0

-

-

-

-

Financing costs

24

1,111

22

209

578

197

976

0

-

-

-

-

6

344

44

943

0

265

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

-2,715

25,153

17,890

25,587

6,575

38,247

22,991

27,623

-5,963

22,411

-4,104

-92,164

5,367

-3,085

13,236

13,010

7,459

-18,786

7,946

5,152

1,290

18,217

12,985

143

-31,812

1,921

-6,829

-7,212

-8,291

-15,707

2,275

4,613

-4,916

417

-10,579

-6,311

Net increase in cash, cash equivalents and restricted cash

-

16,105

-390

-4,890

-

9,795

4,062

-6,155

-

14,501

-11,438

11,351

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-2,643

5,674

-719

-5,751

-16,154

7,716

750

-4,921

2,969

2,416

4,500

-1,547

-24,131

27,653

2,596

2,405

-3,998

1,707

1,100

5,890

494

855

-4,103

-891