Sun communities inc (SUI)
CashFlow / Quarterly
Mar'20Dec'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
OPERATING ACTIVITIES:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,778

100,042

39,697

18,486

12,248

-12,017

26,742

7,610

10,861

2,633

5,970

3,274

8,271

-602

-275

2,479

6,393

-2,112

-21

-987

2,585

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

387

1,125

2,013

1,526

-858

1,092

1,531

983

-

-

-

-

-

-

-

-

-

-

-

-

Gain on disposition of properties, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

98,430

18,190

-13

8,769

3,138

13,631

885

0

0

0

-635

635

-87

0

22

65

0

0

0

0

(Gain) loss on valuation of derivative instruments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

0

0

1

3

-20

2

1

4

Share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,874

1,898

1,861

1,475

1,471

1,185

1,093

1,130

1,023

1,006

606

564

393

382

343

345

336

639

419

215

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

45,495

43,595

42,045

43,454

41,813

29,888

30,143

29,159

30,140

25,645

24,574

24,851

25,343

21,134

20,437

19,573

20,665

18,601

17,873

16,345

Amortization of below market lease

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,349

1,350

1,323

1,051

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt premium

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,498

-2,507

-3,523

-1,955

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

526

553

467

390

195

294

290

277

501

296

1,190

726

367

439

376

437

418

353

483

453

Income from nonconsolidated affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,400

-400

-400

-400

-700

-700

-1,250

400

-7,150

600

1,900

750

450

450

1,550

-350

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,634

1,499

491

2,646

1,494

6,405

7,281

120

-3,861

7,351

-2,373

5,111

2,117

2,031

2,357

2,078

1,992

1,295

1,350

1,231

Change in inventory, other assets and other receivables, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,912

8,544

10,539

-1,553

14,564

-5,689

3,775

-1,506

8,847

-5,937

-3,324

1,855

-681

-2,837

413

4,316

-11,809

450

-5,429

-1,673

Change in other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-11,866

1,857

13,966

-2,229

10,937

-10,961

7,175

3,244

-8,148

2,131

2,705

-2,489

9,705

-1,769

2,664

-7,116

12,393

-2,906

2,616

-23

Net Cash Provided By Operating Activities

118,513

78,441

138,449

156,703

103,141

61,910

102,522

117,777

80,905

31,841

69,516

87,418

69,208

51,176

61,231

78,122

50,926

35,485

54,385

51,449

40,944

24,061

32,146

32,439

44,674

20,357

33,886

32,807

27,633

29,324

14,443

22,432

21,052

18,851

15,369

12,774

16,317

INVESTING ACTIVITIES:
Investment in properties

132,759

157,169

149,148

148,140

114,804

132,382

99,154

89,339

68,524

85,304

72,096

69,706

61,431

63,506

62,488

49,215

48,220

59,772

54,328

53,988

40,339

46,264

47,566

47,079

36,957

38,732

50,759

51,813

38,109

34,744

29,401

31,964

28,966

25,995

22,218

24,307

15,200

Acquisitions of properties, net of cash acquired

24,439

68,792

95,724

28,863

279,302

14,544

45,298

258,042

2,384

50,049

30,441

26,887

13,000

14,225

11,705

1,461,663

0

-1

71,880

88,775

148,620

289,215

0

33,234

104,142

39,458

0

27,100

55,618

189,583

35,252

0

24,482

25,668

645

50,858

0

Proceeds related to affiliate dividend distribution

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

400

400

400

700

700

450

400

650

600

1,900

750

450

450

850

350

Proceeds from disposition of land

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-37

258

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from dispositions of assets and depreciated homes, net

12,612

18,180

14,383

16,986

11,788

21,030

16,049

13,464

5,312

1,983

3,134

560

2,898

84,941

-974

1,882

2,847

1,999

1,985

1,521

1,343

-628

-757

1,873

2,824

-1,774

60

697

0

764

0

84

88

0

0

0

0

Payments for deposits on acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13

52

1,283

-1,025

1,950

-32,936

50,000

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Payments to Acquire Notes Receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

49,441

0

0

0

0

-

-

-

-

Proceeds related to the disposition of properties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

87,062

1,634

49,034

28,206

0

17,282

23

44,385

15,298

0

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

593

-

144

668

543

1,329

217

1,908

405

Issuance of notes and other receivables

19,903

-

-

-

0

-

-

-

893

1,438

1,977

56

447

9,222

-2,077

1,742

1,746

1,028

171

-39,650

40,206

-739

-1,045

164

1,323

3,157

-81

418

347

-

-

-

-

-

-

-

-

Other investing activities

-

-

-

-

-

-

-

-

1,925

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of notes and other receivables

854

1,293

942

1,277

1,030

1,432

1,402

799

679

851

821

626

317

12,386

306

298

248

551

508

385

320

326

640

4,842

272

318

287

438

183

-

-

-

-

-

-

-

-

Repayments of notes and other receivables

6,970

17,846

12,394

19,086

11,416

65,146

10,608

8,460

783

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions from nonconsolidated affiliates

1,275

-

-

-

221

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in notes receivable, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

318

6,063

-327

-

4

903

-352

Net Cash Used For Investing Activities

-169,330

-211,206

-228,721

-178,047

-392,483

-188,640

-137,612

-338,973

-68,518

-133,957

-100,559

-95,463

-71,663

-73,613

-72,284

-1,423,365

-45,250

-9,979

-98,353

-92,682

-212,170

-302,083

-51,853

-58,101

-138,668

-82,103

-49,631

-78,339

-142,339

-223,877

-64,227

-35,375

-51,740

-49,725

-22,200

-73,310

-14,093

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

-7,140

-1,089

-1,549

447,741

-4,321

-612

538,183

89,265

-3,296

30,039

-1,654

438,743

20,549

1,575

330,195

33,849

384,915

233,090

40,448

3,240

33,618

9,590

348,779

27,371

186,431

-20

-187

-167

262,134

-

-

-

157,461

3,633

7,636

17,298

29,799

Net proceeds from stock option exercise

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

149

-

0

0

71

1

-1

74

53

0

52

49

100

17

0

0

149

125

26

645

45

Borrowings on lines of credit

1,163,965

1,199,563

336,321

916,711

1,428,948

355,579

145,222

739,521

302,355

85,649

3,242

336,655

235,454

106,016

75,825

354,093

44,820

26,756

336,443

53,122

4,863

141,622

171,002

65,508

148,414

155,162

70,856

39,761

149,631

103,684

77,876

46,260

25,375

64,613

48,618

89,481

11,919

Payments on lines of credit

763,076

1,214,602

271,768

1,237,144

1,160,436

227,579

682,068

748,692

-201,853

43,841

3,676

514,782

157,237

63,671

375,825

54,454

11,459

168,756

207,186

15,523

10,513

135,828

209,463

43,488

313,356

28,544

34,377

21,867

179,020

76,891

99,519

27,613

148,425

39,912

32,610

64,045

43,557

Proceeds from issuance of other debt

230,000

400,000

258,721

0

265,000

21,664

228,336

0

0

100,072

1,233

80,740

3,108

63,471

144,868

747,817

8,096

50,352

61,555

9,998

255,136

135,901

72,674

9,117

105,549

151,139

8,846

8,549

6,973

108,851

28,860

20,608

33,959

23,156

4,976

52,704

119,779

Payments on other debt

134,203

180,649

148,660

22,667

200,892

23,353

40,227

191,291

43,883

52,403

13,164

16,564

42,296

89,295

72,822

60,419

8,249

101,630

7,156

77,906

36,185

7,690

79,401

4,481

3,697

186,732

4,305

8,252

70,111

11,200

47,283

18,972

11,549

3,846

4,263

21,333

107,888

Prepayment penalty on collateralized term loans

3,250

6,228

12,610

0

0

0

306

1,914

-196

5,260

0

293

466

1,127

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

71,859

71,058

71,650

68,844

65,145

64,887

60,872

173,935

-56,881

58,546

57,844

54,646

53,447

52,722

50,208

47,299

43,511

-283,959

41,327

42,022

38,119

34,963

30,258

29,853

26,303

26,218

26,342

26,131

21,712

20,443

18,744

18,558

15,626

15,564

15,461

14,574

14,435

Payments for deferred financing costs

3,328

188

2,693

2,875

1,000

485

1,043

-3

605

-1,939

2,103

1,683

1,803

-

2,485

7,311

15,115

255

2,869

2,673

1,209

5,185

2,093

271

929

3,243

31

967

1,752

722

631

140

538

215

1,357

490

1,449

Net Cash Provided By Financing Activities

411,109

125,749

86,112

32,922

261,097

60,327

127,225

230,817

-8,464

-31,811

-73,966

243,472

3,862

-36,500

49,548

966,276

359,646

-4,337

55,955

-71,718

212,648

102,329

271,239

23,977

98,546

61,544

14,212

-9,025

146,243

185,337

84,009

1,467

40,806

31,990

7,565

59,686

-5,787

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

-382

120

-152

285

158

-429

158

-244

-8

45

142

121

-10

34

-107

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in cash, cash equivalents and restricted cash

359,910

-6,896

-4,312

11,863

-28,087

-66,832

92,293

9,377

3,915

-133,882

-104,867

235,548

1,397

-58,903

38,388

-378,967

365,322

21,169

11,987

-112,951

41,422

-175,693

251,532

-1,685

4,552

-202

-1,533

-54,557

31,537

-9,216

34,225

-11,476

10,118

1,116

734

-850

-3,563

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

32,464

-

-

34,236

32,711

31,352

32,153

32,246

30,402

31,684

30,653

31,072

30,637

30,134

35,288

29,245

26,813

22,316

30,654

25,567

21,452

16,995

15,146

14,409

13,739

16,673

14,815

15,106

14,674

36,566

14,315

13,509

15,010

14,064

16,055

12,548

12,893

Cash paid for interest on mandatorily redeemable debt

1,041

-

-

1,181

1,094

0

1,152

780

619

753

790

787

784

789

789

787

787

602

978

787

855

808

808

806

803

808

809

812

809

827

822

836

841

840

834

829

828

Income Taxes Paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

326

100

-

110

186

14

-

0

292

0

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid (refunds) for income taxes

75

-

-

763

-60

-280

61

545

135

-141

-403

234

116

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

230

90

-16

180

294

65

Noncash investing and financing activities
Unrealized gain on interest rate swaps

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

97

96

89

85

92

0

44

343

256

404

222

19

403

Reduction in secured borrowing balance

0

-

-

4,377

5,055

5,358

5,153

5,835

5,105

5,775

5,844

5,916

5,914

-5,092

5,433

4,413

4,872

13,050

5,164

4,143

3,936

4,693

6,604

5,665

4,850

6,372

4,235

3,373

3,926

4,434

3,165

3,051

3,030

3,251

3,114

2,202

2,537

Change in distributions declared and outstanding

4,787

-

-

2,865

3,536

-102

3,885

769

3,337

-1,260

207

3,461

859

-3,594

2,868

2,675

3,984

2,480

493

314

3,457

471

4,546

471

3,563

136

12

163

4,335

16,279

1,879

1

2,934

15,046

0

0

0

Conversion of common and preferred OP units

446

-

-

247

280

26

369

778

342

316

2,166

115

959

9,470

1,043

853

137

-

-

-

-

-171

171

1,151

556

-

-

-

-

-

-

-

-

-

-

-

-

Conversion Of Series A Four Preferred Stock

-

-

-

-

-

-

-

-

-

-606

0

3,372

1,348

-11,503

0

11,503

0

6,900

0

-902

902

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncash Or Part Noncash Acquisition, Escrow

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Conversion of Series A-1 preferred OP units

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Noncash investing and financing activities at the date of acquisition
Noncash Or Part Noncash Acquisition, Noncash Financial Or Equity Instrument Consideration, Value Of Shares Issued

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

3,463

0

0

0

0

-

-

-

-

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

-

-

-

-2,640

4,035

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisitions - Series A-4 Preferred Stock issued

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-174,613

0

196

175,417

18,852

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Acquisitions - Common stock and OP units issued

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-103,342

2

20,035

258,918

13,610

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Acquisitions - other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

97

37,750

-

-

-4,221

4,221

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Acquisitions - debt assumed

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

169,882

207,784

44,321

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Noncash or Part Noncash Acquisition, Payables Assumed

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,377

2,377

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Acquisitions - release of note receivable and accrued interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

49,441

0

0

0

0

-

-

-

-

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

0

0

0

0

2,675

0

0

0

4,105

4,460

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Series A Preferred Stock [Member]
Proceeds from (Payments for) Other Financing Activities

0

0

0

0

1,618

0

0

0

0

0

0

0

0

-

-

-

-

0

1,820

46

4,986

0

0

0

2,384

0

0

0

0

-

-

-

-

-

-

-

-

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

0

-

-

-

51,930

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,000

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

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

9,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-