TIER REIT INC TIER Cash Flow

Tier reit inc (TIER)

CashFlow / TTM

Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash flows from operating activities
Net income (loss)
-27,872	-5,329	12,647	-17,971	-5,575	84,327	87,870	94,893	81,498	-29,453	-34,368	-49,172	-40,984	-34,163	24,902	24,354	8,227	-15,528	-38,312	-14,784	-17,652	15,983	-68,129	-106,573	-120,543	-152,361	-97,953	-171,793	-179,232	-181,875	0	0	0
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Asset impairment losses
0	-	-	-	0	-	-	-	-	8,977	8,977	4,826	4,826	132	5,072	5,072	5,072	13,165	8,225	8,225	13,104	4,879	0	0	0	-	-	-	-	-	-	-	-
Gain on sale of assets
14,814	26,828	12,308	12,308	13,660	92,396	92,662	103,439	107,187	22,176	21,524	10,662	50,216	44,477	0	0	0	-	-	-	-	16,102	23,823	23,823	23,823	8,083	0	0	0	-	-	-	-
Gain on remeasurement of investment in unconsolidated entities
-152	11,090	11,090	11,090	11,242	14,168	14,168	14,168	14,168	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale or transfer of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Gain on troubled debt restructuring
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	36,856	68,900	46,739	39,741	35,635	37,750	39,295	39,295	39,066	0	0	0
Gain on sale of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	15,383	101,281	104,904	98,827	90,221	29,850	35,718	36,706	40,436	14,874	10,021	21,841	20,130	0	0	0	-	-	-	-
Loss on early extinguishment of debt
-6,025	-8,988	7,898	7,898	-10,078	-545	545	545	545	0	16	68	578	614	1,347	1,321	811	775	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Hedge ineffectiveness income from derivatives
-	-	-	-	-	253	970	2,512	542	572	0	0	0	-	-	-	-	-	-	-	-	-251	-289	-230	-136	-66	0	0	0	-	-	-	-
Amortization of restricted shares and units
4,589	4,569	4,440	4,310	4,169	4,079	4,050	4,043	4,075	4,159	6,489	5,925	5,434	4,975	1,967	1,831	1,578	1,397	1,281	1,160	1,064	820	0	0	0	-	-	-	-	-	-	-	-
Depreciation and amortization
99,323	101,036	100,372	99,323	94,841	94,754	94,822	96,170	104,315	111,830	118,156	124,469	124,753	122,731	129,730	134,529	138,568	143,168	145,595	153,089	161,757	171,119	178,732	183,373	188,373	195,077	200,510	204,591	210,999	221,169	0	0	0
Amortization of restricted shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Amortization of lease intangibles
-409	-301	-247	-123	-92	-275	-428	-916	-1,506	-2,015	-2,821	-2,885	-2,541	-1,978	-1,389	-873	-635	-376	144	180	343	355	426	505	600	757	1,126	1,321	1,601	1,831	0	0	0
Amortization of above- and below-market rent
-6,324	-6,114	-5,506	-5,048	-4,263	-3,895	-3,719	-3,580	-3,815	-4,255	-4,655	-5,783	-5,990	-5,842	-5,729	-4,392	-4,179	-4,133	-4,861	-7,213	-8,422	-9,540	-9,999	-10,283	-10,675	-11,741	-12,121	-11,631	-11,253	-18,110	0	0	0
Amortization of deferred financing fees
1,425	1,481	2,004	2,527	3,036	3,444	3,359	3,262	3,179	3,106	3,347	3,443	3,528	3,683	3,583	3,489	3,022	3,088	3,420	4,208	5,530	6,308	6,806	7,163	7,374	7,569	7,565	7,289	6,507	5,810	0	0	0
Income (Loss) from Equity Method Investments
-28	718	319	386	6,955	6,399	7,052	7,631	1,898	2,569	5,713	4,908	4,154	3,982	675	1,265	1,991	1,836	25,793	25,708	25,433	24,547	466	518	1,043	1,725	1,211	-1,966	-2,724	-2,302	0	0	0
Ownership portion of fees from unconsolidated entities
103	136	201	295	439	409	470	480	454	562	559	552	518	497	475	460	468	482	486	495	479	923	907	901	906	446	0	0	0	-	-	-	-
Distributions from investments
0	10	155	155	5,793	9,108	9,342	9,402	3,764	739	662	602	997	871	1,069	1,449	1,265	1,091	0	0	0	-	-	-	-	581	622	416	453	567	0	0	0
Change in accounts receivable
226	1,074	1,022	8,543	7,276	9,055	12,778	10,922	6,330	8,892	5,721	6,744	10,593	8,180	10,106	9,815	8,413	8,290	8,667	5,455	4,674	7,999	5,977	9,667	11,285	13,632	21,254	23,609	23,621	25,705	0	0	0
Change in prepaid expenses and other assets
-775	-843	-839	168	122	697	232	-129	-678	-852	-1,233	-1,943	-3,931	-2,260	-3,985	-2,639	-716	-618	-749	-2,484	-2,699	-572	-774	1,777	1,472	1,945	2,212	435	390	-360	0	0	0
Change in lease commissions
13,940	13,592	13,258	13,400	14,285	15,907	14,552	8,797	10,485	10,614	10,834	13,933	15,782	17,068	22,055	25,535	21,786	21,891	18,326	15,022	16,992	15,520	19,735	21,164	21,447	21,942	23,115	35,179	33,674	33,783	0	0	0
Change in other lease intangibles
99	73	74	42	93	432	564	429	605	852	1,373	1,583	1,535	1,149	602	433	519	800	-901	-685	27	961	2,727	2,971	2,807	2,508	3,359	3,369	2,946	3,291	0	0	0
Change in accounts payable and accrued liabilities
-1,289	4,617	-4,343	948	-1,792	-842	1,430	-2,362	-414	3,627	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in accounts payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-965	643	161	1,847	1,144	-26	420	436	-2,394	-1,317	-123	-406	0	0	0
Change in accrued liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-2,949	-4,377	-1,682	-11,793	58	6,064	7,067	14,880	3,505	2,824	-4,516	-3,499	0	0	0
Change in other liabilities
720	1,513	1,438	1,634	3,957	3,255	2,959	2,637	-430	-1,051	-1,096	-2,483	172	2,432	5,281	7,361	6,459	4,604	3,399	2,486	2,446	2,847	1,409	1,084	537	1,469	431	1,092	1,847	1,885	0	0	0
Change in payables to related parties
-	-	-	-	-	-	-	-	-	-	-	-	-1,856	-1,516	-1,471	-764	652	182	323	217	80	214	346	-319	-240	350	-105	429	-49	-820	0	0	0
Cash used in operating activities
62,649	71,632	60,317	54,097	60,848	60,852	57,722	60,856	55,183	51,303	51,379	46,308	-2,548	-3,880	-16,558	-20,430	24,338	25,140	36,900	45,140	49,877	45,151	56,006	52,064	47,678	48,534	19,436	5,142	2,390	2,363	0	0	0
Cash flows from investing activities
Escrow deposits
0	3,000	7,700	10,700	13,350	13,350	28,000	25,000	22,000	19,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Return of investments
0	1,711	4,062	4,062	26,044	25,784	23,839	25,134	18,037	17,331	21,080	19,785	5,105	4,786	2,364	2,584	2,768	2,702	28,279	28,659	28,270	36,310	9,008	8,435	8,444	2,278	2,489	2,636	2,821	780	0	0	0
Purchases of real estate
20,296	100,480	99,154	99,154	152,523	93,011	93,011	93,011	39,363	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,035	0	0	0
Investments in unconsolidated entities
-1,008	1,499	1,701	9,778	15,692	19,667	19,423	11,112	6,581	3,956	8,171	34,931	40,932	39,173	0	0	0	-	-	-	-	1,500	2,100	2,100	2,460	1,330	730	1,272	4,073	4,057	0	0	0
Capital expenditures for real estate
40,915	34,967	34,759	33,527	32,068	33,688	38,649	45,490	49,583	48,603	50,340	52,212	63,965	70,856	80,430	82,844	81,364	78,567	65,921	70,896	61,686	66,004	69,445	66,527	77,223	67,301	67,131	59,703	47,009	58,609	0	0	0
Capital expenditures for real estate under development
80,129	77,956	68,061	54,346	36,682	30,550	26,091	22,171	21,697	11,088	5,766	2,909	2,966	2,555	9,853	12,890	19,045	27,423	37,452	45,134	42,582	39,180	23,464	13,199	8,100	2,065	0	0	0	-	-	-	-
Proceeds from notes receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,355	0	0	0
Proceeds from sale of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	59,715	283,362	302,513	298,076	242,800	359,451	421,184	421,026	495,866	155,559	128,480	185,982	111,142	109,773	110,964	59,387	89,998	0	0	0
Proceeds from Sale of Productive Assets
118,903	188,772	139,482	139,565	208,274	328,461	335,436	375,179	495,817	295,453	309,143	291,380	483,408	433,709	414,628	392,648	11,515	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Insurance proceeds for capital expenditures
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in payables to related parties
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-10,687	-23,939	-20,160	-28,954	-23,894	-11,251	-17,606	-21,022	-11,486	-14,507	-8,582	1,374	0	0	0
Cash provided by investing activities
-16,956	-24,551	-64,963	-63,878	-15,997	163,979	154,101	203,529	374,624	230,137	247,246	64,008	197,148	200,242	408,258	563,041	215,363	138,952	294,784	357,752	365,188	454,446	114,687	87,575	145,484	84,981	55,433	67,064	112,690	129,040	0	0	0
Cash flows from financing activities
Financing costs
151	3,329	3,332	3,256	3,929	1,972	1,978	1,950	1,360	885	1,113	1,689	5,888	5,915	11,090	10,510	6,196	5,454	2,371	2,394	2,393	2,362	1,543	1,530	1,529	1,550	8,139	13,570	14,287	14,273	0	0	0
Proceeds from notes payable
141,000	778,000	795,000	786,000	773,000	196,000	240,000	211,000	225,000	173,000	171,000	309,915	678,996	779,905	1,004,342	895,490	499,864	334,359	62,659	52,644	45,189	55,785	39,049	27,001	27,001	34,501	0	0	0	-	-	-	-
Payments on notes payable
322,511	904,241	893,088	774,465	817,445	374,792	442,063	479,562	565,317	419,294	414,864	430,506	811,445	943,667	1,332,666	1,289,195	772,949	533,528	409,702	482,649	461,845	499,672	182,808	129,190	181,546	147,494	382,551	718,940	755,361	780,939	0	0	0
Payments for early extinguishment of debt
5,695	3,633	3,632	3,632	3,632	436	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of common stock
175,351	140,348	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of operating partnership units
-	-	-	-	-	-	-	-	-	-	1,139	1,147	1,141	1,123	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Costs associated with issuance of common stock
2,977	2,455	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9	9	10	12	11	0	0	0
Payments on capital lease obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	12	20	25	37	30	0	0	0	-	-	-	-	44	65	86	84	82	0	0	0
Redemptions of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	141	0	1,021	2,036	3,059	4,083	4,138	4,190	4,246	4,288	0	0	0
Transfer of common stock
3,053	3,025	1,024	1,024	1,024	1,143	726	726	726	650	1,240	1,240	1,240	1,257	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions paid to common stockholders
37,991	36,623	35,536	34,477	34,460	43,034	43,016	42,998	42,981	34,359	34,302	34,721	26,127	17,549	0	0	0	-	-	-	-	-	-	-	-	16,748	16,633	16,524	16,418	16,323	0	0	0
Distributions paid to noncontrolling interests
7	8	9	11	16	25	0	0	0	-	-	-	-	-	-	-	-	-	-	-	5,341	5,308	4,875	29	404	415	415	417	52	53	0	0	0
Contributions from noncontrolling interests
725	2,457	2,484	2,504	2,503	488	656	659	659	221	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in payables to related parties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Cash used in financing activities
-55,309	-32,509	-4,212	-7,490	-85,003	-224,914	-247,593	-314,046	-385,195	-282,007	-281,666	-209,421	-217,400	-240,168	-399,249	-405,031	-279,592	-204,831	-350,062	-437,894	-424,531	-451,557	-155,424	-114,204	-172,154	-135,842	-105,950	-169,737	-206,463	-258,469	0	0	0
Net change in cash, cash equivalents, and restricted cash
-9,616	14,572	-8,858	-17,271	-40,152	-83	-35,770	-49,661	44,612	-567	16,959	-99,105	-22,800	-43,806	-7,549	137,580	-39,891	-40,739	-18,378	-35,002	-9,466	48,040	15,269	25,435	21,008	-2,327	-31,081	-97,531	-91,383	-127,066	0	0	0