Universal health realty income trust (UHT)
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
Cash flows from operating activities:
Net income

4,554

5,838

4,653

4,261

4,212

4,413

4,374

5,805

9,604

6,064

3,960

4,033

31,562

4,446

3,818

4,523

4,428

4,352

3,639

12,004

3,696

16,228

28,141

3,408

3,774

3,498

3,303

2,941

3,427

4,510

2,986

2,467

9,514

62,626

3,348

3,692

4,128

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

6,380

6,258

6,380

6,324

6,708

6,295

6,180

6,057

6,231

6,287

6,328

6,309

6,167

6,088

5,893

5,569

5,458

5,314

5,442

5,897

5,545

6,053

5,269

4,804

4,849

4,662

4,600

4,744

4,837

4,732

5,263

5,001

5,220

2,465

1,799

1,539

1,503

Amortization related to above/(below) market leases, net

-46

-

-

-

-54

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt premium

-13

-13

-13

-14

-13

-13

-14

-13

-10

-13

-26

-32

-68

-59

-55

-55

-56

-56

-58

-54

-57

-61

-60

-87

-104

-108

-107

-109

-109

-148

-251

-144

-114

-

-

-

-

Amortization of deferred financing costs

157

-

-

-

166

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation expense

197

198

173

172

159

158

159

135

119

148

138

125

127

127

126

117

111

111

111

104

101

101

101

101

96

88

102

94

91

91

91

77

70

71

70

65

75

Cash distributions less than income from LLCs

85

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

0

0

0

4,535

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of land

-

-

0

0

250

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on Arlington transaction

-

-

-

-

-

-

-

-

-

0

0

0

27,196

-

-

-

-

-

-

-

-

0

25,093

0

316

-

-

-

-

-

-

-

-

-

-

-

-

Income in excess of cash distributions from LLCs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

134

64

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Gains on divestiture of properties owned by unconsolidated LLCs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,145

0

0

7,375

36,300

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

Changes in assets and liabilities:
Lease receivable

-181

512

215

-1,300

968

399

370

-68

405

577

230

222

461

707

97

-111

511

-21

176

-59

194

-67

191

288

143

191

223

63

269

-155

454

36

527

84

130

23

218

Accrued expenses and other liabilities

-867

382

516

314

-734

-644

266

-78

-367

352

487

-168

-230

-200

649

568

-1,014

94

16

364

-658

-70

770

-80

-1,129

448

123

453

-501

430

153

152

-457

335

389

-125

-378

Tenant reserves, deposits and deferred and prepaid rents

65

127

-294

155

-537

35

471

417

296

1,462

3,448

15

64

773

11

19

574

912

498

235

136

-545

-62

253

51

-48

0

-79

143

-336

20

-99

622

5

-46

26

19

Accrued interest

25

-4

52

66

-38

-3

57

-146

182

80

-56

-1

63

-75

-37

24

-34

-34

12

15

48

31

18

15

-2

-21

20

-29

52

2

37

-92

-13

-62

9

-5

19

Leasing costs paid

182

260

233

292

299

156

630

388

209

294

72

153

250

175

155

175

122

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

179

-600

635

-776

-205

5

346

-300

-217

-1,062

805

-941

158

-613

484

-262

-192

-652

173

132

228

-995

263

-233

114

79

428

-21

-55

-53

-56

-99

-41

-14

-70

39

-56

Net cash provided by operating activities

10,137

10,921

10,280

12,818

8,633

9,687

10,033

12,449

10,759

12,378

13,284

10,849

9,494

10,981

9,743

10,915

9,094

10,878

9,485

9,586

8,229

8,907

8,594

8,329

6,966

8,291

7,350

8,031

7,622

8,340

7,827

7,609

7,007

5,575

5,491

5,140

5,166

Cash flows from investing activities:
Investments in LLCs

1,468

1,335

200

57

541

47

404

0

369

0

0

161

371

0

0

68

5,386

249

26

71

321

94

356

445

442

420

777

1,275

541

1,296

972

421

284

313

341

1,077

2,057

Repayments of advances made to LLCs

-

-

-

-

-

-

-

-

-

0

0

0

216

217

213

212

209

-

-

-

-

-

-

-

-

5

42

41

26

8,052

26

37

436

2,054

65

5,884

715

Advances made to LLCs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

149

349

3,563

519

0

0

0

8,000

0

442

3,817

7,282

Cash distributions in excess of income from LLCs

-

-25

-5

56

292

61

272

308

193

127

326

177

557

1,044

214

-43

147

-

-

-

-

18

270

335

406

571

493

519

763

547

304

969

1,349

1,194

778

1,762

1,526

Cash distribution of refinancing proceeds from LLCs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,045

0

2,280

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Additions to real estate investments, net

-5,521

-4,861

-4,503

-1,122

-1,834

-1,470

-2,547

-2,259

-1,987

-4,330

-4,446

-2,356

-4,181

-4,100

-2,961

-2,302

-1,841

-1,590

-477

-1,022

-2,168

-833

-485

-907

-641

-1,093

-929

-959

-434

-1,252

-562

-1,240

-931

-604

-176

-168

172

Cash proceeds received from divestiture of property, net

-

2,523

0

0

245

-

-

-

-

0

11,253

0

53,967

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,098

0

0

8,077

33,836

0

0

0

Restricted cash proceeds from divestiture of property

-

-

-

-

-

-

-

-

-

-

-

0

11,253

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

0

0

0

4,535

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Hurricane remediation payments

-

-

-

-

-

0

0

0

192

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deposits on real estate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-100

-200

534

300

0

Net cash paid for acquisition of properties

-

-

-

-

-

-

-

-

-

-

-

-

-

8,196

24,250

18,033

9,910

0

0

0

16,765

0

8,550

0

7,050

0

4,050

625

0

9,567

0

0

7,324

13,073

14,723

11,782

0

Payment of assumed liabilities on acquired properties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

158

0

10

543

621

0

0

0

Cash paid to acquire minority interests in majority-owned LLCs

-

-

-

-

-

-

-

-

-

0

0

0

7,890

-

-

-

-

0

0

0

2,250

1,250

3,324

0

170

-

0

0

0

-

-

-

-

-

-

-

-

Net cash used in investing activities

-6,989

-8,603

-4,908

-1,123

-1,838

-1,456

-2,679

-6,004

2,180

-90

-11,510

-2,490

53,551

-10,615

-27,204

-20,234

-16,781

-24,422

-335

907

-20,459

15,041

-10,165

-1,017

-7,897

-1,236

-5,570

-5,862

-705

424

-1,204

-665

-7,120

26,402

-15,373

-7,387

-6,926

Net borrowings on line of credit

6,250

-

-

-

3,900

-

-

-

-

-

-

-

-

-

-

-

-

27,800

-925

-725

26,250

-

18,100

1,100

7,550

-

6,750

6,200

2,400

-1,250

1,850

950

3,050

-13,250

18,700

9,700

9,400

Net repayments on line of credit

-

-

-

-

-

-

-

-

-

-

-

-

31,600

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from mortgage notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

11,150

7,000

0

7,000

0

-

-

-

-

Net (repayments)/borrowings on line of credit

-

-

-

-

-

-

-2,250

22,250

-6,050

-

-

-

-

-

25,250

7,350

17,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of mortgage notes payable

432

426

424

2,909

442

433

379

17,989

4,596

17,365

7,183

25,299

11,174

823

811

806

790

10,443

824

816

5,743

855

9,889

787

796

707

678

732

12,284

6,842

645

7,410

3,187

-

-

-

66

Financing costs paid

35

0

0

0

35

11

133

0

1,527

156

6

249

35

0

0

272

35

114

0

87

913

-

-

0

0

0

0

0

95

-140

177

347

0

-

-

-

-

Dividends paid

9,424

9,411

18,721

-21

9,300

9,231

18,413

87

9,100

9,133

9,034

8,980

8,907

8,907

8,838

8,797

8,596

8,595

8,528

8,520

8,446

8,377

8,146

8,145

8,050

8,009

7,938

7,937

7,867

7,867

7,801

7,799

7,728

7,726

7,662

7,660

7,655

Issuance of shares of beneficial interest, net

50

47

104

4

57

56

113

4

56

55

9,185

61

61

62

1,164

12,236

30

-3

445

54

1,172

16,200

61

536

2,477

5,563

66

76

52

58

90

84

118

60

69

57

58

Increase in cash, cash equivalents and restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

11,390

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-3,591

-2,723

-4,929

-11,655

-5,799

-8,267

-8,014

-4,922

-12,117

-12,849

-13,188

-8,317

-51,655

-418

16,736

9,710

8,109

13,787

-9,849

-10,094

12,320

-23,826

126

-7,296

1,181

-6,654

-1,800

-2,393

-6,644

-8,867

-6,683

-7,522

-7,747

-21,115

9,929

2,023

1,737

(Decrease)/increase in cash and cash equivalents

-443

-405

443

40

996

-36

-660

1,523

822

-

-

-

-

-52

-725

391

422

243

-699

399

90

122

-1,445

16

250

401

-20

-224

273

-103

-60

-578

-7,860

10,862

47

-224

-23

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,324

0

257

-141

0

0

0

-

-

-

-

-

-

-

-

Supplemental disclosures of cash flow information:
Interest paid

2,190

2,254

2,567

2,703

2,501

2,451

2,307

2,186

2,525

2,333

2,320

2,366

2,673

2,404

2,240

2,179

2,072

1,973

1,968

1,969

2,115

2,193

2,104

1,991

1,980

1,837

1,833

1,894

1,953

1,961

2,063

1,915

2,055

919

535

364

398

Invoices accrued for construction and improvements

3,151

-35

495

643

382

589

-333

-722

1,390

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

0

0

0

7,890

-

-

-

-

-

-

-

-

-

3,324

0

170

-

0

0

0

-

-

-

-

-

-

-

-