Universal health realty income trust (UHT)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net income

18,964

24,196

45,619

17,215

23,691

51,551

13,169

19,477

73,794

16,310

18,576

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

25,670

24,763

25,091

23,008

22,198

20,975

18,843

20,216

7,306

6,286

6,399

Amortization of debt premium

-53

-50

-139

-225

-225

-312

-433

-657

-96

0

-

Provision for asset impairment

-

-

-

-

-

-

-

-

5,354

0

0

Stock-based compensation expense

702

571

538

481

427

399

375

329

281

343

286

Hurricane related expenses

-

-

4,967

-

-

-

-

-

-

-

-

Hurricane insurance recoveries

-

-

4,967

-

-

-

-

-

-

-

-

Hurricane insurance recovery proceeds in excess of damaged property write-downs

-

4,535

2,033

-

-

-

-

-

-

-

-

Gains on sales of real estate assets

1,951

-

-

-

-

13,043

-

-

-

-

-

Gain on Arlington transaction

-

-

27,196

-

-

25,409

-

0

-

-

-

Gain on property exchange

-

-

-

-

8,742

-

-

0

-

-

-

Gains on divestiture of properties owned by unconsolidated LLCs

-

-

-

-

-

-

-

8,520

36,300

0

0

Gains on purchase of minority interests in majority-owned LLCs before transaction costs

-

-

-

-

-

-

-

-

28,877

0

0

Changes in assets and liabilities:
Lease receivable

395

1,106

1,490

1,204

290

555

746

862

455

-58

92

Accrued expenses and other liabilities

478

-823

441

3

-184

-509

523

278

221

419

-84

Tenant reserves, deposits and deferred and prepaid rents

-549

1,219

4,989

1,377

1,781

-303

16

207

4

-156

98

Accrued interest

76

90

86

-122

41

62

22

-66

-39

-49

48

Leasing costs paid

1,084

1,383

769

627

556

787

-

-

-

-

-

Other, net

-946

-166

-1,040

-583

-119

-851

431

-249

-101

260

151

Net cash provided by operating activities

42,652

42,928

46,005

40,733

38,178

32,796

31,294

30,783

21,372

23,049

24,984

Cash flows from investing activities:
Investments in LLCs

2,133

820

532

5,454

667

1,337

3,013

2,973

3,788

15,578

10,988

Repayments of advances made to LLCs

-

-

216

851

306

-

114

8,551

8,718

604

781

Advances made to LLCs

-

-

-

-

22,795

-

4,580

8,000

11,541

9,547

2,142

Cash distributions in excess of income from LLCs

318

834

1,187

1,362

224

1,029

2,346

3,169

5,260

3,436

4,100

Cash distribution of refinancing proceeds from LLCs

-

-

-

-

1,045

2,280

-

0

2,111

6,852

2,789

Repayment of advance made to third-party partners

-

-

-

-

-

-

-

-

3,967

0

0

Additions to real estate investments, net

-12,320

-8,263

-15,313

-11,204

-5,257

-2,866

-3,415

-3,985

-776

-969

-6,902

Cash proceeds received from divestiture of property, net

2,768

-

65,220

0

0

-

-

12,175

33,836

0

0

Cash received for property exchange

-

-

-

-

2,000

17,300

0

0

-

-

-

Hurricane insurance recoveries for damaged real estate property

-

-

4,967

-

-

-

-

-

-

-

-

Hurricane insurance recovery proceeds in excess of damaged property write-downs

-

4,535

2,033

-

-

-

-

-

-

-

-

Hurricane remediation payments

-

192

1,387

-

-

-

-

-

-

-

-

Deposits on real estate

-

-

-

-

150

100

150

-100

634

0

0

Net cash paid for acquisition of properties

5,105

4,053

9,040

60,389

16,765

15,600

4,675

16,891

39,578

0

0

Payment of assumed liabilities on acquired properties

-

-

-

-

-

-

-

711

621

0

0

Cash paid to acquire minority interests in majority-owned LLCs

-

-

7,890

-

2,250

4,744

-

0

4,408

0

0

Net cash used in investing activities

-16,472

-7,959

39,461

-74,834

-44,309

-4,038

-13,373

-8,565

-3,284

-17,302

-12,362

Net borrowings on line of credit

16,550

15,350

-

59,350

52,400

-

-

4,600

24,550

3,800

9,800

Net repayments on line of credit

-

-

20,450

-

-

3,950

-

0

-

-

-

Proceeds from mortgage notes payable

-

13,000

22,600

-

5,200

-

11,150

14,000

0

5,250

3,878

Net (repayments)/borrowings on line of credit

-

-

-

-

-

-

11,950

-

-

-

-

Repayments of mortgage notes payable

4,201

23,397

61,021

3,230

17,826

12,327

14,401

18,084

291

4,248

1,103

Financing costs paid, new Revolving Credit Facility

-

-

-

-

-

-

-

-

1,064

0

0

Financing costs paid

35

1,671

446

307

1,114

-

95

384

0

398

0

Repurchase of common shares

221

-

-

-

-

-

-

-

-

-

-

Dividends paid

37,411

36,831

36,054

35,138

34,089

32,718

31,751

31,195

30,703

29,865

28,406

Partial settlement of dividends equivalent rights

-

-

-

30

75

94

101

106

162

134

349

Issuance of shares of beneficial interest, net

212

229

9,362

13,492

1,668

19,274

5,757

350

244

17,797

5,927

Capital contributions from non-controlling interests

-

-

-

-

-

-

-

-

-

-

51

Net cash used in financing activities

-25,106

-33,320

-86,009

34,137

6,164

-29,815

-17,491

-30,819

-7,426

-7,798

-10,202

(Decrease)/increase in cash and cash equivalents

1,074

1,649

-543

36

33

-1,057

430

-8,601

10,662

-2,051

2,420

Increase in cash due to recording of LLCs on a consolidated/unconsolidated basis

-

-

-

-

-

1,581

-141

0

4,170

0

0

Decrease in cash due to recording of LLC on an unconsolidated basis

-

-

-

-

-

-

-

-

0

2,100

0

Supplemental disclosures of cash flow information:
Interest paid

10,025

9,469

9,692

8,895

8,025

8,268

7,517

7,994

2,216

1,895

2,299

Invoices accrued for construction and improvements

1,485

924

546

-

-

-

-

-

-

-

-

Debt assumed on acquisition of real estate

-

-

-

-

-

-

-

22,441

6,999

0

0

Financing assumed in acquisition

-

-

-

7,499

-

-

-

-

-

-

-

Cash paid for purchase of minority interests in majority-owned LLCs

-

-

7,890

-

2,250

-

-

0

4,408

0

0

Property Exchange Transaction:
Net assets acquired in property exchange

-

-

-

-

9,886

-

-

-

-

-

-

Net assets relinquished in property exchange

-

-

-

-

3,144

-

-

-

-

-

-