Sun communities inc (SUI)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
OPERATING ACTIVITIES:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

177,379

120,158

81,819

31,471

170,473

33,196

20,148

7,995

-535

-3,513

-7,383

Adjustments to reconcile net income to net cash provided by operating activities:
Gain on disposition of assets

11,085

9,376

9,338

11,224

5,051

2,748

867

99

-

-

-

Less: Loss from discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-227

Loss from continuing operations

-

-

-

-

-

-

-

-

-

-

-7,156

Gain on disposition of properties, net

-

-

-

-

125,376

17,654

0

0

0

-12

90

Gain on acquisition of property

-

-

-

510

0

0

-

-

-

-

-

Unrealized foreign currency translation (gain) / loss

4,557

-8,234

6,146

-5,005

0

-

-

-

-

-

-

Remeasurement Of Marketable Securities

34,240

-3,639

0

0

-

-

-

-

-

-

-

Unrealized foreign currency translation (gain) / loss

-

-

-

-

0

0

-

-

-

-

-

Contingent liability remeasurement (gain) / loss

-1,503

2,336

3,035

-181

0

0

-

-

-

-

-

Asset impairment charges

0

0

742

0

0

837

0

0

1,382

0

0

(Gain) loss on valuation of derivative instruments

-

-

-

-

-

-

-

4

-13

-10

9

Share-based compensation

17,482

15,066

12,695

9,557

7,108

4,879

3,199

1,463

1,609

1,593

2,566

Depreciation and amortization

313,966

274,432

256,193

218,669

174,589

131,003

105,210

86,487

73,484

66,873

64,301

Deferred tax (benefit) expense

-222

-507

-582

-400

-1,000

0

-

-

-

-

-

Income Tax Expense (Benefit)

-

-

-

-

-

-

0

-

-

-

-

Amortization of below market lease

7,442

7,399

7,402

6,570

5,073

0

0

-

-

-

-

Amortization of debt premium

-4,962

-6,353

-8,205

-10,693

-10,483

0

0

-

-

-

-

Amortization of deferred financing costs

2,988

3,233

2,910

2,160

1,936

1,056

2,713

1,619

1,707

1,648

1,659

Amortization of ground lease intangibles

752

1,638

1,914

600

0

0

-

-

-

-

-

Gain (Loss) on Extinguishment of Debt

-16,505

-1,190

-4,676

-1,127

-2,800

-

-

-

-

-

-

Income from nonconsolidated affiliates

1,374

790

0

500

7,500

1,200

-2,250

-3,900

2,100

500

0

Distributions from Affiliate

-3,049

0

0

-

-

-

-

-

-

-

-

Loss from affiliate

-

-

-

-

-

-

-

-

-

-1,646

-2,176

Change in notes receivable from financed sales of inventory homes, net of repayments

-2,988

2,299

26,193

20,933

9,270

15,300

6,228

8,583

5,868

4,207

4,236

Change in inventory, other assets and other receivables, net

44,322

39,514

33,031

-30,880

14,618

11,144

1,441

1,211

-18,461

-3,647

-420

Change in other liabilities

48,326

4,098

-9,034

-7,365

1,728

10,395

-5,801

3,484

12,080

-1,566

1,496

Net cash provided by operating activities of continuing operations

-

-

-

-

-

-

-

-

-

-

60,287

Net cash used for operating activites of discontinued operations

-

-

-

-

-

-

-

-

-

-

-526

Net Cash Provided By Operating Activities

476,734

363,114

257,983

241,455

182,263

133,320

114,683

87,251

63,311

58,349

59,761

INVESTING ACTIVITIES:
Investment in properties

569,261

389,399

288,537

223,429

208,427

177,866

179,413

125,075

87,720

50,863

45,140

Investment in affiliate

-

-

-

-

-

-

-

-

-

-

50

Acquisitions of properties, net of cash acquired

472,681

320,268

120,377

1,487,593

309,274

426,591

122,176

249,317

77,171

0

0

Proceeds related to affiliate dividend distribution

-

-

-

4,709

7,500

1,200

2,250

3,900

2,100

500

0

Proceeds from disposition of land

-

-

-

-

-

221

0

172

-

-

-

Proceeds from dispositions of assets and depreciated homes, net

61,337

55,855

8,575

88,696

6,848

3,312

-1,017

936

0

1

-

Payments for deposits on acquisitions

-

-

-

-

2,260

17,064

0

0

-

-

-

Payments to Acquire Notes Receivable

-

-

-

-

-

-

49,441

0

0

-

-

Proceeds related to the disposition of properties

-

-

-

-

94,522

59,706

0

0

-

-

-

Proceeds (financing) related to disposition of assets and depreciated homes, net

-

-

-

-

-

-

-

-

3,859

3,891

276

Issuance of notes and other receivables

18,122

216

3,918

10,633

1,755

-297

3,841

6,440

1,192

-

-

Payment for membership interest

-

-

-

-

2,102

0

0

-

-

-

-

Repayments of notes and other receivables

4,542

4,312

2,615

13,238

1,764

6,080

1,226

605

796

-

-

Repayments of notes and other receivables

60,742

84,997

0

0

-

-

-

-

-

-

-

Distributions from nonconsolidated affiliates

44,470

970

0

500

-

-

-

-

-

-

-

Proceeds related to disposition of land

-

-

-

-

-

-

-

-

-

-

172

Increase in notes receivable, net

-

-

-

-

-

-

-

-

-

-3,859

-

Reduction of notes receivable and officer's notes, net

-

-

-

-

-

-

-

-

-

-

-5,257

Net Cash Used For Investing Activities

-1,010,457

-733,743

-401,642

-1,614,512

-413,184

-550,705

-352,412

-375,219

-159,328

-42,612

-39,485

FINANCING ACTIVITIES:
Issuance of common stock, OP units, and preferred OP units, net

440,782

623,540

487,677

750,534

310,396

572,171

261,760

300,634

58,366

29,917

1,505

Net proceeds from stock option exercise

-

-

-

-

-

127

201

166

841

211

0

Borrowings on lines of credit

3,881,543

1,542,677

661,000

580,754

421,184

526,546

415,410

253,195

214,631

137,059

132,701

Payments on lines of credit

3,883,950

1,456,486

719,536

505,409

401,978

702,135

263,808

352,448

180,124

136,997

128,655

Proceeds from issuance of other debt

923,721

250,000

185,153

964,252

377,041

323,241

175,507

192,278

200,615

27,208

49,855

Payments on other debt

552,868

298,754

124,427

230,785

222,877

95,269

269,400

89,004

137,330

14,114

23,909

Prepayment penalty on collateralized term loans

18,838

2,024

6,019

1,127

2,800

-

-

-

-

-

-

Payment Of Preferred Stock Redemption Costs

-

-

-

-

-4,328

0

0

-

-

-

-

Payments to retire preferred operating partnership units

-

-

-

-

-

1,119

300

0

0

925

500

Redemption of Series A-4 preferred stock and OP units

-

-

-

-

-

0

0

-

-

-

-

Net proceeds from issuance of Series A Preferred Stock

-

-

-

-

-

-

-

82,200

0

0

-

Distributions to stockholders, OP unit holders, and preferred OP unit holders

276,697

242,813

224,483

193,740

-162,491

121,377

100,403

73,371

60,034

53,779

52,462

Payments for deferred financing costs

6,756

2,130

3,650

-

7,006

8,478

5,993

2,031

3,511

393

477

Net Cash Provided By Financing Activities

505,880

409,905

141,557

1,338,970

192,548

496,091

212,974

311,619

93,454

-11,813

-21,942

Effect of exchange rate changes on cash, cash equivalents and restricted cash

411

-523

298

-73

0

0

-

-

-

-

-

Net change in cash, cash equivalents and restricted cash

-27,432

38,753

-1,804

-34,160

-38,373

78,706

-24,755

23,651

-2,563

3,924

-1,666

SUPPLEMENTAL INFORMATION:
Cash paid for interest (net of capitalized interest of $2,258, $1,357 respectively)

134,990

126,153

124,046

121,480

99,989

60,289

61,268

79,400

55,560

53,316

52,938

Cash paid for interest on mandatorily redeemable debt

4,698

2,551

3,114

3,152

3,222

3,225

3,238

3,326

3,331

3,288

3,348

Cash paid (refunds) for income taxes

948

461

-194

452

310

314

155

320

523

582

527

Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax

-

-

-

19,734

-

-

-

-

-

-

-

Noncash investing and financing activities
Unrealized gain on interest rate swaps

-

-

-

-

-

97

362

643

1,048

-411

1,111

Reduction in secured borrowing balance

107,731

21,451

23,449

9,626

26,293

21,812

17,906

13,680

11,104

7,999

5,156

Change in distributions declared and outstanding

8,452

7,889

3,267

5,933

6,744

9,051

4,646

21,093

15,046

0

0

Conversion of common and preferred OP units

11,310

1,515

3,556

11,503

5,491

1,707

0

-

-

-

-

Conversion Of Series A Four Preferred Stock

31,739

0

4,720

0

6,900

0

0

-

-

-

-

Noncash investing and financing activities at the date of acquisition
Escrow Deposits Related to Property Sales

-

-

-

-

126,339

0

0

-

-

-

-

Acquisitions - Common stock and OP units issued

313,391

0

28,410

225,000

2,786

213

0

0

-

-

-

Acquisitions - Equity Interests - NG Sun LLC (see Note 8)

0

21,976

0

0

0

-

-

-

-

-

-

Stock Issued During Period, Value, New Issues, Series A-3 Preferred OP Units

61,900

3,120

4,592

0

380,043

209,658

3,463

0

0

0

0

Noncash Or Part Noncash Acquisition, Noncash Financial Or Equity Instrument Consideration, Escrow

392

0

0

-

-

-

-

-

-

-

-

Acquisitions - Series A-4 Preferred Stock issued

-

-

-

9,830

1,000

18,852

0

0

-

-

-

Acquisitions - Common stock and OP units issued

-

-

-

-

175,613

13,610

0

0

-

-

-

Acquisitions - other assets

-

-

-

-

-

-

-

-

45,548

-

-

Acquisitions - debt assumed

-

-

-

-

278,955

44,321

0

62,826

52,398

0

-

Stock issued during period, value, Series C preferred OP units

-

-

-

-

33,154

0

0

-

-

-

-

Acquisitions - other liabilities

-

-

-

-

-

4,221

0

880

4,982

-

-

Noncash or Part Noncash Acquisition, Contingent Consideration Liability

-

-

-

-

0

0

-

-

-

-

-

Acquisitions - release of note receivable and accrued interest

-

-

-

-

-

-

49,441

0

0

0

0

Series A Preferred Stock [Member]
Payments for Repurchase of Preferred Stock and Preference Stock

-

-

-

0

-

-

-

-

-

-

-

Proceeds from (Payments for) Other Financing Activities

1,618

0

0

-

6,852

2,384

0

0

-

-

-

Series B-3 Preferred OP Units [Member]
Redemption of Series A-4 preferred stock and OP units

2,675

4,105

4,460

0

-

-

-

-

-

-

-

Series A-4 Preferred Stock and OP Units
Redemption of Series B-3 preferred OP units

0

0

85,000

0

-

-

-

-

-

-

-

Distributions to stockholders, OP unit holders, and preferred OP unit holders

0

0

24,698

25,509

-

-

-

-

-

-

-

Series A Preferred Stock
Acquisitions - Preferred Equity - Sun NG RV Resorts LLC (see Note 8)

0

35,277

0

0

-

-

-

-

-

-

-

Series D Preferred Stock [Member]
Stock Issued During Period, Value, New Issues, Series A-4 Preferred OP Units

51,930

0

0

-

-

-

-

0

-

-

-