Terreno realty corporation (TRNO)
CashFlow / TTM
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'11Dec'10Sep'10Jun'10
CASH FLOWS FROM OPERATING ACTIVITIES
Net income

52,840

55,516

63,667

59,006

68,764

63,289

51,153

61,963

57,353

53,095

44,091

26,228

13,484

15,118

13,846

14,990

22,879

14,601

16,815

16,039

8,088

10,718

11,645

9,531

7,632

6,641

6,493

5,691

5,126

4,065

318

-472

-2,690

-3,729

-4,133

-6,569

-6,696

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities
Straight-line rents

2,176

2,597

2,821

2,945

3,149

3,459

3,729

3,847

3,661

3,657

4,481

4,214

4,337

4,740

3,885

4,240

4,027

3,889

3,801

3,760

3,599

2,744

2,654

2,728

3,017

3,005

2,056

2,038

2,222

2,673

3,359

2,727

2,036

1,454

1,346

1,019

530

0

0

0

Amortization of lease intangibles

-4,163

-4,682

-3,217

-3,807

-1,947

-3,694

2,038

-3,122

-2,702

-2,161

-1,867

-1,478

-1,330

-1,338

-1,331

-1,382

-1,688

-1,925

-1,903

-1,827

-1,452

-1,099

-971

-880

-975

-864

-548

-243

192

399

387

422

480

506

551

484

404

0

0

0

Depreciation and amortization

44,700

44,015

42,418

41,370

40,496

40,816

40,581

40,119

39,421

37,870

37,040

36,317

35,321

34,399

37,279

36,513

36,662

36,026

29,084

25,896

22,430

19,170

17,732

16,078

14,211

12,481

11,707

10,824

9,591

8,728

6,883

5,720

5,099

4,285

4,055

3,079

2,222

0

0

0

Depreciation related to discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

101

202

303

558

509

0

0

0

-

-

-

-

-

-

-

Gain on sales of real estate investments

4,926

9,391

19,871

18,089

29,792

28,610

0

0

0

-

-

-

-

7,140

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred financing cost amortization

1,541

1,562

1,532

1,506

1,483

1,442

1,408

1,354

1,262

1,193

1,124

1,016

862

766

638

540

499

393

313

304

290

279

294

262

259

252

248

311

385

462

476

411

324

238

164

134

122

0

0

0

Deferred senior secured loan fee amortization

170

531

636

740

796

392

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation

10,323

10,644

11,400

11,201

9,728

9,270

7,493

8,111

9,249

8,732

10,735

11,361

9,958

9,444

8,480

6,332

5,451

6,081

3,324

3,390

3,176

2,060

2,830

2,170

2,220

2,137

1,723

1,739

1,462

1,121

1,218

1,085

952

1,202

1,224

1,272

1,135

0

0

0

Changes in assets and liabilities
Other assets

-2,492

1,579

2,280

1,109

3,327

1,531

2,712

951

-344

-584

277

1,657

1,793

3,174

1,438

1,939

2,305

1,252

1,357

835

1,089

1,510

969

917

1,385

576

1,311

1,442

682

533

850

460

218

690

735

1,142

942

0

0

0

Accounts payable and other liabilities

-2,543

1,542

-154

-497

2,965

468

2,313

3,529

777

4,496

4,922

5,993

6,245

5,667

5,043

3,366

3,262

2,600

1,827

2,480

1,376

2,447

1,725

-101

1,239

-894

-67

637

547

1,708

2,780

1,974

762

1,177

1,083

1,320

1,812

0

0

0

Net cash provided by operating activities

97,069

94,688

89,084

85,896

82,685

77,599

72,853

71,518

68,106

69,498

65,738

61,813

56,757

49,241

47,483

44,684

44,918

42,068

37,983

35,368

29,220

29,321

26,854

20,637

17,406

13,495

12,354

11,745

10,920

9,749

8,716

6,874

3,339

2,149

1,022

-2,441

-2,473

0

0

0

CASH FLOWS FROM INVESTING ACTIVITIES
Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,981

2,932

1,910

4,390

717

174

605

465

318

368

219

218

-318

1,243

1,318

1,293

0

0

0

-

-

-

Cash paid for property acquisitions

242,989

238,661

269,443

194,135

162,157

221,806

276,144

259,722

367,399

297,109

234,587

219,091

116,673

128,495

156,983

145,276

138,898

262,979

317,989

314,073

346,127

225,797

197,067

213,892

228,553

209,338

137,206

164,310

171,428

166,043

178,836

124,236

102,169

96,926

57,196

47,151

1,090

0

0

0

Cash paid for deposits on property acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

0

0

0

-

-

0

0

-

-

0

Proceeds from sales of real estate investments, net

35,153

47,133

61,908

48,583

71,733

79,594

0

0

0

-

-

-

-

21,379

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Additions to construction in progress

25,060

27,884

27,612

21,009

14,653

9,668

0

0

0

-

-

-

-

15,577

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Additions to buildings, improvements and leasing costs

32,086

32,070

31,529

33,667

31,612

28,977

28,154

28,135

26,714

27,405

27,718

28,433

28,501

26,936

24,006

22,036

20,347

18,846

20,146

22,169

21,003

19,729

15,807

10,475

9,988

9,531

7,665

8,085

8,909

10,212

12,673

12,163

4,781

7,665

37,573

105,605

121,961

0

0

0

Payments on senior secured loan

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-259,995

-251,482

-266,676

-200,228

-190,789

-234,957

-309,200

-251,176

-299,424

-249,118

-202,031

-225,697

-153,983

-149,629

-162,595

-150,653

-124,766

-259,664

-328,645

-325,566

-368,940

-249,916

-195,722

-207,372

-221,427

-201,865

-129,096

-154,370

-164,413

-160,180

-191,391

-139,792

-106,468

-105,884

-96,619

-152,862

-125,265

0

0

0

CASH FLOWS FROM FINANCING ACTIVITIES
Issuance of common stock

225,765

278,058

337,563

291,976

281,955

208,949

166,705

222,433

202,656

255,295

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

191,475

191,466

91,215

91,215

55,004

0

0

0

-

-

-

-

0

0

0

Issuance costs on issuance of common stock

3,053

4,023

4,884

4,225

4,301

3,030

2,440

3,246

3,000

3,764

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

648

649

346

346

305

0

0

0

-

-

-

-

-

-

-

Repurchase of common stock

240

3,959

3,959

3,959

3,959

3,870

3,870

3,870

3,870

3,436

3,436

3,436

3,436

1,551

1,558

1,558

1,566

512

505

505

497

284

284

284

284

160

160

160

160

79

0

0

0

-

-

-

-

-

-

-

Borrowings on credit facility

0

17,000

79,150

122,650

180,650

204,000

141,850

114,350

114,350

93,000

134,500

138,500

109,500

95,500

0

0

0

-

-

-

-

115,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on credit facility

0

36,000

101,000

128,000

221,000

185,000

120,000

130,000

90,000

144,500

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

96,929

111,929

149,700

162,700

138,271

0

0

0

-

-

-

-

-

-

-

Payments on term loans payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20,050

0

0

0

-

-

-

-

-

-

-

Borrowings on mortgage loans payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

59,880

0

0

0

-

-

-

-

-

-

-

Payments on mortgage loans payable

33,873

1,514

18,906

19,005

19,104

19,201

1,890

1,870

1,852

1,916

1,979

11,904

12,060

16,871

29,901

20,276

29,421

24,844

12,042

11,980

6,416

12,267

12,238

12,255

8,768

2,852

2,767

2,587

2,249

1,847

1,478

1,202

1,024

889

0

0

0

-

-

-

Payment of deferred financing costs

-

-

-

-

-

1,366

0

0

0

-

-

-

-

-

-

-

-

1,127

1,506

912

1,714

1,705

1,012

1,009

6

723

736

775

1,381

1,110

1,609

1,690

1,084

639

560

437

884

0

0

0

Dividends paid to common stockholders

67,080

63,565

59,658

56,796

53,907

51,445

49,264

46,879

44,564

41,866

39,143

36,961

34,869

33,182

30,830

29,423

28,482

27,545

25,249

22,998

19,380

15,770

14,385

12,253

11,306

9,669

8,033

7,144

6,178

5,497

0

0

0

-

-

-

-

-

-

-

Dividends paid to preferred stockholders

-

-

-

-

-

-

-

-

-

1,999

2,890

3,565

3,565

3,565

3,565

3,565

3,565

3,565

3,565

3,565

3,565

3,565

3,565

3,565

3,565

3,565

0

0

0

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) provided by financing activities

170,576

235,054

226,954

201,285

158,978

149,037

131,077

203,820

225,730

203,942

235,147

148,521

108,417

93,758

72,964

96,728

43,582

45,140

319,201

287,262

369,726

404,207

127,979

211,724

193,509

189,429

174,127

142,557

152,427

153,112

180,565

133,544

71,960

49,731

10,851

-2,922

175,684

0

0

0

Net (decrease) increase in cash and cash equivalents and restricted cash

7,650

78,260

49,362

86,953

50,874

-8,321

-105,270

24,162

-5,588

24,322

98,854

-15,363

11,191

-6,630

-42,148

-9,241

-36,266

-172,456

28,539

-2,936

30,006

183,612

-40,889

24,989

-10,512

1,059

57,385

-68

-1,066

2,681

-2,110

626

-31,169

-54,004

-84,746

-158,225

47,946

0

0

0

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid for interest, net of capitalized interest

16,691

18,351

19,756

20,186

20,019

19,787

18,538

16,192

16,323

13,839

13,746

12,655

11,882

11,888

11,113

10,353

10,149

8,382

7,931

7,252

6,525

6,242

6,417

6,646

6,612

6,413

6,214

6,014

5,427

4,819

4,039

3,309

2,881

2,102

0

0

0

-

-

-

Supplemental disclosures of non-cash transactions
Accounts payable related to capital improvements

10,527

12,498

13,838

13,583

15,588

10,712

5,509

5,612

5,730

6,996

3,700

7,418

10,943

7,955

13,836

11,012

6,154

5,195

1,087

860

2,855

2,353

4,957

5,072

3,430

1,685

621

-627

-537

451

2,022

3,614

3,130

2,038

0

0

0

-

-

-

Non-cash repayment of senior secured loan

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash issuance of common stock to the deferred compensation plan

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash repayment of senior secured loan

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease liability arising from recognition of right-of-use asset

407

647

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reconciliation of cash paid for property acquisitions
Acquisition of properties

252,031

250,506

281,490

203,654

168,299

227,058

284,062

267,465

392,387

319,666

254,644

237,582

118,204

130,944

158,897

151,979

145,031

271,293

333,564

324,599

356,997

236,747

202,089

219,090

234,404

212,434

146,857

184,545

191,093

185,281

0

0

0

-

-

-

-

-

-

-

Deferred underwriting fee payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Offering costs payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Contribution of fixed assets by Terreno Capital Partners LLC

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Assumption of mortgage loans payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,497

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage premiums

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-344

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assumption of other assets and liabilities

9,042

11,845

12,047

9,519

6,142

5,252

7,918

7,743

24,988

22,557

20,057

18,491

1,531

2,449

1,914

1,847

1,277

3,458

4,685

4,492

4,836

2,109

2,215

2,391

3,044

3,096

4,205

4,702

4,132

3,705

1,923

1,165

629

635

-107

-1,865

-1,979

0

0

0

Net cash paid for property acquisitions

242,989

238,661

269,443

194,135

162,157

221,806

276,144

259,722

367,399

297,109

234,587

219,091

116,673

128,495

156,983

145,276

138,898

262,979

317,989

314,073

346,127

225,797

197,067

213,892

228,553

209,338

137,206

164,310

171,428

166,043

178,836

124,236

102,169

96,926

57,196

47,151

1,090

0

0

0