Vector group ltd (VGR)
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'10Mar'10
Adjustments to reconcile net income to net cash provided by operating activities:
Distributions from real estate ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,894

10,817

1,613

2,577

5,152

6,219

6,681

5,717

3,142

20,463

43,000

48,481

49,221

32,919

12,246

7,025

8,450

6,752

2,425

3,550

3,539

0

0

0

Changes in assets and liabilities:
Net cash provided by operating activities

115,309

19,726

167,375

157,510

160,846

181,834

134,951

136,401

144,404

131,586

182,636

136,422

130,468

97,636

125,904

139,419

131,715

144,479

147,350

137,266

154,288

107,376

96,826

100,831

22,859

52,026

42,085

31,447

33,593

84,086

69,271

57,283

76,063

36,041

29,956

47,739

54,395

67,004

0

0

0

Cash flows from investing activities:
Sale of investment securities

16,672

7,759

19,919

28,923

24,030

18,628

20,590

9,012

17,662

28,761

57,901

71,433

78,308

116,070

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Maturities of investment securities

15,616

11,308

53,618

42,731

27,915

24,719

23,138

18,327

102,035

101,097

101,337

103,847

17,653

10,822

7,181

4,097

4,887

5,491

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of investment securities

15,798

20,623

88,023

66,265

50,704

34,445

34,808

35,165

122,044

132,654

147,467

170,411

103,073

117,211

141,407

157,242

175,630

214,146

155,657

308,907

336,596

305,731

353,899

190,514

202,226

170,463

133,982

94,867

10,647

5,647

3,340

4,399

3,251

5,039

0

0

0

-

-

-

-

Investments in consolidated real estate businesses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Purchase of equity securities

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sale of equity securities

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Maturities of equity securities

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

0

-

207,418

123,202

145,448

117,021

82,649

46,946

10,413

3,831

7,372

11,940

13,851

31,643

40,549

32,857

39,446

28,587

0

0

0

Proceeds from Sale of Long-term Investments

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,303

3,155

3,121

3,632

2,416

0

0

0

-

-

-

-

-

-

-

-

66,190

0

0

0

-

-

-

-

Purchase of long-term investments

0

-

-

-

-

-

-

-

-

32,510

26,500

26,000

22,450

50

50

5,050

5,000

10,000

10,000

10,000

16,000

12,000

12,501

7,501

6,501

5,501

5,000

5,000

0

5,000

5,000

5,000

15,000

10,000

0

0

0

-

-

-

-

Payments to Acquire Real Estate Held-for-investment

673

871

39,865

27,293

10,066

9,728

24,109

34,696

37,904

38,807

41,579

40,755

39,748

44,107

50,350

47,221

68,251

70,272

54,818

63,239

44,664

40,916

59,132

69,217

78,445

75,731

56,885

42,756

34,704

33,375

0

0

0

-

-

-

-

-

-

-

-

Distributions from investments in real estate ventures

1,036

1,134

47,348

50,299

55,148

54,233

76,199

65,514

61,937

61,718

33,501

38,559

33,192

33,204

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of notes receivable

-

-

-

-

-

-

-

-

-

1,633

1,633

1,500

1,500

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

383

15,395

15,329

15,208

15,256

0

0

0

-

-

-

-

Proceeds from sale of townhomes, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,629

0

0

0

-

-

-

-

Proceeds from sale of fixed assets

-

-

-

-

-

-

-

-

-

76

75

115

47

45

46

6

1

4

3

3

7

4

0

0

0

-

-

-

-

444

467

600

216

205

156

193

184

187

0

0

0

Increase in cash surrender value of life insurance policies

258

238

731

744

966

764

777

757

789

802

864

945

471

484

968

1,017

1,198

1,742

1,274

1,207

1,043

484

593

720

607

628

546

590

503

907

858

687

811

744

735

1,084

805

936

0

0

0

Decrease (increase) in restricted assets

-93

7

-933

-932

-523

-526

-392

33

-142

-2,250

6,093

-281

-5,531

-410

-8,598

-3,719

2,973

6,889

6,636

8,435

7,415

872

-526

-1,978

-684

-1,081

557

2,345

2,409

1,130

1,960

1,924

-359

96

746

-1,553

-62

1,100

0

0

0

Capital expenditures

4,888

3,825

15,294

15,386

17,520

17,682

17,157

20,139

19,268

19,869

22,792

27,422

27,364

26,691

22,275

13,213

11,736

10,977

10,517

18,639

20,136

23,404

25,335

17,424

16,142

13,275

11,683

9,866

12,579

11,265

11,637

14,360

11,420

11,838

16,130

19,019

22,257

23,391

0

0

0

Purchase of subsidiaries

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of notes receivable

-

-

-

-

-

67

67

32

32

0

0

0

0

-

-

-

-

-

-

-

-

4,850

-8,527

-7,500

933

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Pay downs of investment securities

202

258

1,146

1,228

1,423

1,611

1,773

1,941

2,215

2,633

3,523

5,906

7,902

9,212

10,838

10,135

9,319

8,739

6,902

5,379

3,443

1,849

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investments in real estate, net

340

641

2,998

2,727

2,869

2,583

1,757

1,423

904

619

472

369

266

245

221

182

12,652

12,603

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

41,859

27,813

30,433

25,712

24,645

0

0

0

Net cash provided by (used in) investing activities

25,968

-6,414

-16,002

20,357

35,162

43,463

37,172

-10,501

-12,658

-35,962

-53,364

-39,083

-43,527

-10,313

36,998

53,975

2,222

-22,363

-87,709

-193,402

-224,047

-221,434

-184,551

-100,991

-91,120

-91,952

-103,694

-64,723

-9,400

-4,139

-54,485

-57,684

847

41,285

74,475

40,966

-14,263

-45,132

0

0

0

Cash flows from financing activities:
Proceeds from issuance of debt

0

-

-

-

-

-

-

-

-

850,021

850,021

850,358

1,093,563

243,620

244,206

245,365

2,162

2,105

1,515

20

153,406

413,914

417,485

418,603

268,275

457,767

684,257

683,137

684,205

244,075

17,614

20,360

15,856

6,419

99,164

106,206

184,035

185,714

0

0

0

Repayments of debt

2,638

230,466

258,073

258,473

258,665

28,689

2,095

2,047

1,998

837,205

837,267

838,593

839,486

5,365

6,414

6,227

6,403

6,684

7,264

7,924

12,243

12,601

12,176

11,799

7,892

422,581

424,528

424,598

424,636

19,258

16,878

16,172

15,042

4,960

10,886

14,391

14,815

14,539

0

0

0

Deferred financing costs

-

-

-

-

-

-

-

-

-

19,200

19,200

19,200

25,800

6,600

6,600

6,599

39

624

624

625

4,735

12,360

12,360

12,447

8,513

11,750

22,914

22,827

22,776

11,479

315

315

150

0

0

0

0

-

-

-

-

Borrowings under revolver

126,603

94,400

250,471

344,937

346,253

307,023

297,167

180,961

172,844

157,630

160,989

165,578

124,824

144,294

127,496

116,329

105,119

153,361

370,927

583,669

796,956

886,130

901,104

933,483

960,868

978,788

1,003,379

1,023,193

1,052,217

1,074,050

1,089,272

1,103,322

1,084,022

1,064,270

1,071,463

1,048,357

1,035,311

1,034,924

0

0

0

Repayments on revolver

137,056

87,420

267,270

342,401

336,243

310,551

275,258

171,872

156,897

163,474

168,840

159,870

137,437

110,614

115,904

103,646

98,605

167,915

371,577

605,544

798,060

898,788

915,653

938,642

955,623

977,794

992,532

1,010,898

1,041,719

1,066,092

1,083,118

1,088,595

1,092,496

1,078,508

1,071,464

1,073,263

1,049,677

1,016,598

0

0

0

Dividends and distributions on common stock

32,074

60,459

235,245

231,653

228,639

225,367

222,634

219,200

216,317

211,488

210,102

205,851

202,429

198,947

195,991

193,219

190,677

188,151

184,707

179,143

172,813

167,328

159,460

154,156

149,827

144,711

144,024

142,520

139,888

137,114

132,704

129,565

127,198

125,299

122,649

121,386

118,511

117,459

0

0

0

Distributions to non-controlling interest

448

285

285

2,447

2,806

2,521

0

0

0

-

-

-

-

11,545

12,224

10,702

9,258

3,280

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contributions from non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

248

1,061

1,061

1,061

813

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the issuance of Vector stock

-

-

-

-

-

-

-

-

-

43,230

43,230

43,230

43,230

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of Vector options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,441

2,065

2,965

4,575

5,151

4,423

3,949

1,929

544

528

95

96

140

140

108

1,073

1,029

1,314

1,724

1,127

1,265

0

0

0

Tax benefit of options exercised

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

821

997

882

1,108

1,178

942

718

382

38

37

48

48

52

48

17

160

821

0

0

0

-

-

-

-

Net cash used in financing activities

-45,577

-284,230

-194,884

-174,470

-164,500

55,495

-207,955

-215,130

-205,126

-183,265

-183,204

-167,659

51,875

56,068

36,625

43,021

-195,461

-208,113

-193,710

-211,964

-41,145

205,957

207,680

224,870

97,835

-131,463

104,814

106,241

108,158

84,985

-125,941

-110,840

-133,775

-136,228

-34,584

-54,246

33,327

68,499

0

0

0

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

95,700

-270,918

-43,511

3,397

31,508

280,792

-35,832

-89,230

-73,380

-87,641

-53,932

-70,320

138,816

143,391

199,527

236,415

-61,524

-85,997

-134,069

-268,100

-110,904

91,899

119,955

224,710

29,574

-171,389

43,205

72,965

132,351

164,932

-111,155

-111,241

-56,865

-58,902

69,847

34,459

73,459

90,371

0

0

0