Taubman centers, inc. (TCO)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Repayment of installment notes

-

-

-

-

-

-

-

281,467

-

-

-

-

Debt issuance costs

7,622

5,112

6,665

1,620

12,743

8,208

9,479

4,711

8,830

2,943

-

3,419

Repurchase of common stock (Note 14)

-

-

-

-

252,633

17

52,287

-

-

-

-

-

Proceeds and Excess Tax Benefit from Share-based Compensation

-816

-2,396

6,289

1,806

4,526

943

1,644

-6,503

2,593

2,532

14,737

3,809

Cash Flows From Operating Activities:
Net income

330,374

115,742

112,757

188,151

192,557

1,278,122

189,368

157,817

287,398

102,327

-79,161

-8,052

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

188,407

179,275

167,806

138,139

106,355

120,207

155,772

149,517

132,707

145,271

136,505

147,441

Provision for bad debts (Note 1)

-

3,728

11,025

4,047

1,994

2,900

489

1,397

2,032

3,363

2,081

6,088

Gains on partial dispositions of ownership interests in UJVs, net of tax (Note 2)

154,466

-

-

-

-

-

-

-

-

-

-

-

Gains on remeasurements of ownership interests in UJVs (Note 2)

164,639

-

-

-

-

-

-

-

-

-

-

-

Gain on Saks settlement - The Mall of San Juan (Note 15)

10,095

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization - discontinued operations

-

-

-

-

-

-

-

-

10,309

8,605

10,811

-

Impairment loss on marketable securities

-

-

-

-

-

-

-

-

-

-

1,666

-

Impairment charge (Note 1)

72,232

0

0

-

-

-

-

-

-

-

166,680

117,943

Gain on dispositions (Note 2)

-

-

-

-

-

1,116,287

-

-

-

-

-

-

Gains on sales of peripheral land

-

1,034

-945

-1,827

-

-

-

-

519

-

-

-

Gain on Simon common share conversion (Note 7)

-

-

-11,613

-11,069

-

-

-

-

-

-

-

-

Fluctuation in fair value of equity securities (Notes 1 and 7)

3,492

2,801

-

-

-

-

-

-

-

-

-

-

Gains on sales of land and land-related rights

-

-

-

-

-

-

-

-

-

2,218

-

-2,816

Debt extinguishment costs (Note 2)

-

-

-

-

-

-36,372

-

-

174,171

-

-

-

Discontinuation of hedge accounting (Note 10)

-

-

-

-

-

-7,763

-

-

-

-

-

-

Income (loss) from UJVs net of distributions

-3,981

1,429

-845

-2,689

-

-

3,076

-

-

-

-

-

Non-cash operating lease expense

2,074

-

-

-

-

-

-

-

-

-

-

-

Other

-12,905

-14,730

-17,285

-18,925

-15,799

-18,728

-11,315

-12,165

-13,142

-11,216

-11,281

10,770

Decrease in cash attributable to changes in assets and liabilities:
Receivables, deferred charges, and other assets

21,670

17,141

26,420

34,989

15,636

595

12,053

24,445

21,211

21,805

-5,087

-7,183

Accounts payable and accrued liabilities

-1,838

2,762

7,634

1,490

6,616

16,476

29,557

27,898

20,479

17,849

-19,304

-12,358

Net Cash Provided By Operating Activities

253,773

293,832

278,374

305,556

307,685

363,686

371,372

324,349

270,166

264,608

235,646

251,833

Cash Flows From Investing Activities:
Additions to properties

196,343

289,854

353,322

504,864

440,678

442,991

283,864

247,637

69,443

72,152

54,592

99,964

Partial reimbursement of Saks anchor allowance at The Mall of San Juan

20,000

-

-

-

-

-

-

-

-

-

-

-

Cash drawn from (provided to) escrow or deposits related to center construction projects (Note 7)

-

-

-

-

-28,857

70,607

-

-

-

-

-

-

Proceeds from partial dispositions of ownership interests in UJVs (Note 2)

285,334

-

-

-

-

1,776,394

-

-

-

-

-

-

Issuances of notes receivable

-

-

-

-

-

-

-

-

0

2,948

7,160

-

Acquisition of interests in The Mall at Partridge Creek (Note 3)

-

-

-

-

-

-

-

-

-

-

-

11,838

Refund of Mall at Studio City escrow

-

-

-

-

-

-

-

-

-

-

54,334

54,334

Proceeds from sales of peripheral land

-

1,260

1,300

11,258

-

-

-

-

3,728

3,060

-

6,268

Proceeds from sale of equity securities (Note 11)

52,077

54,703

-

-

-

-

-

-

-

-

-

-

Insurance proceeds for capital items at The Mall of San Juan (Note 15)

948

5,768

-

-

-

-

-

-

-

-

-

-

Release of restricted cash (Note 2)

-

-

-

-

-

-

-

-289,389

289,389

-

-

-

Collection and release of TCBL related proceeds (Note 2)

-

-

-

-

-

-

-

4,414

-

-

-

-

Repayments of notes receivable

-

-

-

-

-

-

-

-

1,544

1,623

4,500

223

Investment in TCBL Inc. (Note 2)

-

-

-

-

-

-

-

-

11,523

-

-

-

Contributions to UJVs (Note 2)

70,972

95,329

32,990

79,976

97,293

45,974

108,918

146,458

21,757

7,261

28,718

12,111

Contribution for acquisition of Country Club Plaza (Note 2)

-

-

-

314,245

-

-

-

-

-

-

-

-

Distributions from UJVs (less than) in excess of income

6,181

-2,173

70,002

232,224

5,755

68,388

0

220,662

17,639

32,836

-36,903

-63,269

Other

-93

-89

-86

-81

1,762

-7,329

-21,349

-5,974

-861

-

-985

2,655

Net Cash Provided By (Used In) Investing Activities

97,318

-325,536

-314,924

-655,522

-505,121

1,292,539

-371,433

126,344

-368,340

-44,842

6,252

-111,142

Cash Flows From Financing Activities:
Proceeds from revolving lines of credit, net (Note 5)

-84,675

255,020

269,955

234,700

0

-158,040

-274,235

-

-

-

-

-

Debt proceeds

10,080

800,000

336,749

758,991

1,198,640

163,779

703,980

105,740

536,648

213,500

978

335,665

Extinguishment of debt (Note 2)

-

-

-

-

-

658,092

-

-

-

-

-

-

Debt payments

36,912

778,549

308,673

367,527

578,790

106,844

317,365

11,462

334,017

243,885

106,026

239,072

Issuance of common stock, net of offering costs

-

-

-

-

-

-

-

208,939

111,956

-

-

-

Issuance of Series K Preferred Stock, net of offering costs

-

-

-

-

-

-

164,395

186,215

-

-

-

-

Redemptions of Series G and H Preferred Stock

-

-

-

-

-

-

-

187,000

-

-

-

-

Acquisition of noncontrolling interest in International Plaza

-

-

-

-

-

-

-

275,000

-

-

-

-

Redemption of Series F Preferred Equity

-

-

-

-

-

-

-

-

-27,000

-

-

-

Distributions to noncontrolling interests

78,671

68,028

74,661

207,904

68,415

207,954

58,260

67,325

94,113

67,468

65,810

117,495

Distributions to participating securities of TRG

2,413

2,396

2,300

2,117

1,969

6,018

1,749

1,612

1,536

1,635

1,560

1,446

Contributions from noncontrolling interests (Note 9)

-

-

-

2,000

0

22,345

4,729

4,798

32,211

-

-

-

Cash dividends to preferred shareholders

23,138

23,138

23,138

23,138

23,138

23,138

20,933

14,639

14,634

14,634

14,634

14,634

Cash dividends to common shareholders

165,220

159,858

151,828

143,733

137,830

437,665

127,105

111,543

100,286

101,890

110,492

87,679

Proceeds from (Payments for) Other Financing Activities

-

-

-

-

-

-

-1,050

-105

-76

-228

-2,103

-3,047

Net Cash Provided By (Used In) Financing Activities

-389,387

15,543

45,728

251,458

127,648

-1,420,795

8,997

-442,669

102,916

-216,651

-284,910

-127,318

Effect of exchange rate fluctuations on cash, cash equivalents, and restricted cash (Note 13)

-1,200

-5,300

2,300

1,391

-

-

-

-

-

-

-

-

Net Decrease In Cash, Cash Equivalents, and Restricted Cash

-39,511

-21,475

11,439

-97,117

-69,788

235,430

8,936

8,024

4,742

3,115

-43,012

13,373