W. P. Carey Inc. WPC Cash Flow

W. p. carey inc. (WPC)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	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	Dec'10	Sep'10	Jun'10	Mar'10
Cash Flows — Operating Activities
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
66,702	129,792	41,835	66,121	68,796	195,278	81,573	79,424	68,066	74,473	83,654	67,131	59,825	48,470	112,302	53,171	60,864	56,144	23,578	66,923	38,582	33,464	28,316	66,971	117,318	48,860	21,650	45,816	15,839	17,654	2,226	31,230	11,669	9,204	25,258	81,060	23,616	20,557	16,371	23,721	14,302
Adjustments to net income:
Depreciation and amortization, including intangible assets and deferred financing costs
119,483	115,106	112,824	116,700	115,400	96,183	69,795	66,351	65,837	66,117	66,120	65,325	63,853	63,691	63,866	67,180	84,956	75,562	78,144	67,135	66,994	63,741	60,900	66,351	57,557	37,637	35,021	33,855	33,803	-	-	7,173	7,881	9,456	7,378	7,325	5,457	5,947	6,119	5,974	6,403
Income (Loss) from Equity Method Investments
-45,790	-	-	-	5,491	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income tax benefit
-41,487	12,418	-1,039	-295	-1,829	-1,156	3,836	3,196	-12,155	-11,846	-1,234	-1,383	-5,550	-2,350	-1,545	-14,522	-3,027	6,013	-1,073	-1,731	-1,733	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment charges
19,420	6,758	25,781	0	0	0	0	0	4,790	2,769	0	0	0	-	-	-	-	7,195	19,437	591	2,683	16,776	4,225	2,066	0	7,343	1,416	1,671	3,279	10,700	5,534	1,004	5,724	5,498	4,934	41	0	6,763	481	985	7,152
Amortization of rent-related intangibles and deferred rental revenue
12,794	22,341	30,162	16,450	15,925	14,727	13,073	11,877	11,455	17,841	12,457	12,250	12,503	12,118	12,079	13,134	-34,009	1,434	8,187	9,429	10,364	80,072	-11,879	-12,853	-10,497	37,017	-6,038	-5,187	-4,459	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of real estate, net
11,751	17,501	71	-362	933	99,618	343	11,912	6,732	11,146	19,257	3,465	10	3,248	49,126	18,282	662	3,507	1,779	16	1,185	5,062	258	20,754	3,176	39,421	240	981	-931	-4,337	59	1,686	-181	-3,655	-396	-121	781	0	0	56	404
Straight-line rent adjustments
-11,619	-10,357	-11,609	-13,102	-11,192	-9,852	-4,639	-3,781	-3,722	-3,469	-4,541	-4,241	-4,729	-5,698	-5,632	-4,206	-2,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-881	-1,135	-	653	1,013	373	430	285	-178	-251
Realized and unrealized losses on foreign currency transactions, derivatives, and other
-7,275	37,428	-20,990	-8,468	-7,504	8,351	4,963	8,597	-4,267	-1,656	-8,134	-3,645	-3,444	-11,379	4,719	-1,712	3,914	-1,390	4,820	6,163	-7,615	-294	-4,474	2,474	-718	-	-	-	-	-	-44	-610	75	-	-54	975	213	907	-33	78	-221
Allocation of loss to profit-sharing interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,562	-408	-202	-171
Asset management revenue received in shares of Managed REITs
7,056	7,504	7,694	7,676	7,681	9,061	9,256	14,288	16,505	16,488	21,291	16,277	15,602	9,698	8,115	7,034	6,939	6,458	6,109	5,711	4,988	11,933	9,888	9,838	8,207	6,863	6,494	10,273	9,942	7,205	7,267	7,116	6,889	136,429	-10,351	-42,059	-10,083	61,497	-8,918	-8,812	-8,532
Allowance for credit losses
5,500	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized loss (gain) on derivatives and other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,218	1,002	-	-	-235	212	-217	-292	161	210	-157	717	-252	-608
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions
-	-	-	-	-	-	18,363	12,558	15,325	-	16,318	15,728	15,774	16,476	16,803	16,429	15,011	12,390	12,635	26,326	-331	42,201	100	593	1,222	-11,961	-200	21,347	991	-	-	-	-	-	-	42	-265	-	-569	1,412	4,530
Stock-based compensation expense
2,700	5,000	4,700	4,900	4,200	3,900	2,500	3,681	8,219	4,251	4,635	3,104	6,910	3,052	4,355	4,001	9,814	5,563	3,965	5,089	7,009	8,096	7,979	7,957	7,043	11,765	7,852	8,429	9,149	6,478	9,805	4,494	5,261	4,690	4,398	6,177	2,451	387	1,759	2,475	2,461
Distributions of earnings from equity method investments
2,656	7,300	6,583	5,809	7,080	14,842	18,812	13,072	15,289	16,894	16,775	15,742	16,848	16,347	15,938	16,890	15,475	-	-	-	-	-	-	-	-	-	-	-	-	-	35,570	-15,297	-1,716	-	-	-	-	-	-	-	-
Allowance for credit losses
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	7,064	8,748	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on change in control of interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	105,947	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred other revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	786	2,359	2,359	2,359	2,359	16,513	-2,359	-2,359	-2,359	10,223	-2,359	-1,573	0	-	-	-	-
Realized (gain) loss on extinguishment of debt and other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	145	-81	-100	-	-	-	-	-	-	-	-	-	-	-	-
Changes in assets and liabilities:
Decrease (increase) in prepaid taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6,886	422	15,721	16,456	-10,135	-1,960	6,980	-	-	-	-	-	-	-	-
(Decrease) increase in income taxes, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-12,814	-8,503	1,317	-	-10,625	18,488	-1,956	8,173	-3,345	566	-6,682
Net changes in other operating assets and liabilities
32,119	-15,859	-23,535	9,238	50,939	-7,119	11,077	203	23,893	-11,938	-3,379	-9,327	15,254	-43,408	9,545	9,045	-2,819	-23,652	4,622	-7,382	31,586	-32,769	-2,320	-828	12,565	11,198	-11,240	-2,012	13,718	5,669	-30,462	-5,787	21,533	-7,673	-3,274	-3,742	15,285	-9,831	-2,666	-2,988	9,063
Deferred structuring revenue received
1,537	909	660	763	2,581	1,622	2,214	1,540	4,080	1,449	5,329	3,255	6,672	2,534	6,328	4,273	7,560	3,364	6,021	5,346	8,738	3,031	1,540	4,684	6,469	5,137	1,094	3,841	8,561	4,042	3,695	4,600	8,722	3,418	33,590	-4,359	-11,103	40,452	-2,200	-2,197	-14,851
Increase in deferred structuring revenue receivable
88	22	26	33	540	3,146	2,292	1,851	725	2,833	-367	2,664	1,400	3,641	1,012	2,032	2,266	7,753	3,678	11,251	6,645	10,315	2,556	2,721	8,121	9,821	1,682	848	1,437	11,802	3,596	990	3,916	1,805	26,954	-1,917	-7,305	-10,337	-548	-6,108	-3,244
Net Cash Provided by Operating Activities
179,697	234,592	249,325	185,314	142,846	139,407	140,845	125,968	102,946	134,693	138,209	136,021	111,736	169,321	132,812	124,240	120,424	177,638	114,851	135,123	80,929	121,938	108,517	124,941	43,696	61,581	74,874	53,978	17,475	48,904	19,934	15,865	-4,060	17,464	14,058	41,908	6,686	34,149	15,977	22,668	13,623
Cash Flows — Investing Activities
Funds placed in escrow
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	46,865	27,128	-	6,139	4,855	722	1,453	1,383	3,751	148	-	-	-	-
Funds released from escrow
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	44,787	50,749	-	5,893	5,693	1,954	258	296	1,667	363	488	0	0	36,132
Payments to Acquire Real Estate
197,626	366,084	61,816	124,837	164,929	189,434	260,224	184,693	85,197	25,842	0	6,000	0	-	-	-	-	144,996	93,897	50,312	385,603	651,569	158,259	47,348	40,986	16,094	65,735	112,423	71,131	-	-	-	-	-	-	-	-	3,825	18,155	27,321	47,583
Proceeds from sales of real estate
105,154	281,481	13,889	7,738	4,851	336,496	17,393	42,046	35,691	57,430	58,694	19,625	24,184	149,555	192,292	96,886	103,689	6,608	4,933	10,897	13,119	4,578	369	175,700	105,095	114,805	7,593	37,837	11,065	40,618	7,391	22,773	2,422	1,518	355	1,456	9,187	0	5,391	2,568	6,632
Funding for real estate construction, redevelopments, and other capital expenditures on real estate
53,392	33,197	55,402	49,815	27,076	43,674	15,122	28,340	20,548	30,807	19,041	15,480	13,039	22,567	23,444	15,868	2,562	64	6,338	11,157	10,481	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from repayment of short-term loans to affiliates
20,973	35,000	11,637	0	0	0	0	0	37,000	48,198	15,201	4,495	210,000	0	17,053	0	20,000	135,447	50,000	0	0	0	9,845	75	1,080	15,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from repayment of loans receivable
11,000	10,000	133	9,413	161	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other investing activities, net
-6,591	25,068	6,957	-6,469	-16,674	6,843	-2,684	4,390	-380	4,846	-3,869	-2,345	486	3,396	-1,781	-1,898	1,130	-334	-509	-488	-489	775	-1,687	-406	-334	-2,994	-171	176	0	-	-	-	-	-	-	-	-	-	-	-	-
Funding of short-term loans to affiliates
5,433	7,358	18,854	10,596	0	0	0	0	10,000	0	75,000	25,657	22,835	237,500	0	0	20,000	30,000	33,000	122,447	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other capital expenditures on owned real estate
-	-	-	-	-	-	-	-	-	-	-	-	1,320	-	2,551	461	4,092	999	1,390	1,718	308	2,618	1,134	-147	2,152	-3,258	4,358	3,980	1,826	1,129	1,118	331	1,481	6,508	5,356	495	880	3,127	356	1,032	620
Change in investing restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,432	-9,417	3,074	-2,003	7,085	-24,840	-6,852	-5,488	-73,897	106,762	-3,646	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Return of capital from equity method investments
3,496	3,711	3,468	8,436	18,750	4,253	5,172	3,713	3,244	3,603	2,646	2,324	1,512	2,976	1,348	239	1,935	2,402	2,415	1,910	1,473	3,044	1,168	919	7,970	25,036	11,075	9,952	11,955	19,053	11,332	8,539	7,370	6,937	1,979	9,096	2,795	8,794	2,202	2,206	5,556
Capital contributions to equity method investments
595	0	1	0	2,594	17,458	0	0	715	0	1	1,290	0	141	0	1	5	326	7,260	8,643	0	25,000	9	6	453	0	490	37	1,418	349	197	90	90	0	0	0	2,297	-	-	-	-
Cash and restricted cash acquired in connection with the CPA:17 Merger
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	65,429	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Capital expenditures on corporate assets
-	-	-	-	-	-	-	-	-	-	21	154	99	-	43	42	761	839	1,170	1,430	882	1,566	8,059	5,295	3,342	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from repayments of notes receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	195	183	294	-6	9,970	1,915	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	7,664	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid to stockholders of CPA:17 – Global in the CPA:17 Merger
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,338	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	116	187	11	-	0	657	120	-	-	-	-
Net Cash Used in Investing Activities
-109,832	-101,515	-113,903	-153,192	-154,163	195,412	-250,097	-171,302	-40,145	48,446	-13,653	-18,472	197,917	-256,757	186,644	-308,823	94,195	-19,984	-102,252	-157,578	-365,371	-686,307	-85,539	4,001	127,619	152,879	-60,614	-70,905	-27,734	43,898	41,188	31,916	9,464	1,801	-74	-136,951	9,140	759	-10,918	-27,801	117
Cash Flows — Financing Activities
Repayments of Unsecured Revolving Credit Facility
466,643	228,997	490,708	378,996	128,452	1,203,761	85,973	168,173	650,722	122,107	125,000	165,000	1,268,091	116,431	562,608	144,967	130,000	225,600	190,654	36,183	877,685	20,000	85,000	30,000	1,280,000	65,000	250,000	88,000	10,000	-	-	-	-	20,000	0	30,000	110,000	0	30,000	10,000	12,500
Proceeds from Unsecured Revolving Credit Facility
348,977	404,504	405,499	381,596	145,225	420,716	389,548	300,026	292,964	112,872	180,000	230,764	778,827	433,589	145,000	385,000	190,568	286,102	274,543	192,916	291,206	471,865	242,659	141,244	901,383	150,000	355,000	175,000	55,000	85,000	200,000	0	15,000	0	20,000	141,410	90,000	0	0	31,750	51,500
Proceeds from Unsecured Term Loans
298,974	0	549,288	321,347	0	567,473	0	0	616,355	0	0	0	530,456	0	348,887	0	0	0	0	0	1,022,303	0	0	0	498,195	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid
180,274	179,402	177,545	176,041	171,408	110,879	110,360	109,785	109,407	108,793	108,272	107,366	106,751	106,146	104,587	103,683	102,239	101,350	101,290	101,055	99,860	98,984	90,606	90,153	68,159	59,442	58,030	57,177	45,746	44,687	23,167	23,221	22,792	22,754	22,211	20,590	20,259	19,966	20,135	20,008	32,482
Scheduled payments of mortgage principal
21,117	116,542	36,514	16,998	40,360	41,385	24,710	11,866	22,472	40,902	15,725	30,364	257,449	57,559	69,515	25,964	17,941	35,906	18,327	17,848	18,247	108,227	35,189	44,897	16,711	231,001	79,419	14,152	67,192	42,509	2,193	7,905	2,357	2,434	12,996	2,603	7,294	2,106	1,896	6,263	4,059
Windfall tax benefit associated with stock-based compensation awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	504	1,248	5,276	192	0	0	5,449	1,203	58	792	10,764	1,320	2,258	2,010	4,597	518	1,179	579	293	1,128	1,385	364	-523
Payment of financing costs
9,993	1,057	3,401	2,258	0	3,773	0	696	3,590	3	208	0	12,464	670	2,694	5	250	0	-8	385	10,501	134	-5	298	11,894	166	1,897	-265	570	870	1,564	48	75	6,216	731	884	-53	121	782	106	195
Other financing activities, net
7,269	1,178	2,979	155	1,238	1,826	18	-3,172	-137	150	-2,008	160	397	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in current and deferred income taxes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,166	-7,363	-4,144	-	-	-	-	-	-	-	-	-	-	-	-
Payments for withholding taxes upon delivery of equity-based awards
5,011	0	23	178	15,565	145	-65	22	13,883	546	264	340	10,819	348	7,493	1,098	7,352	2,299	1,041	152	15,250	580	314	389	15,882	-8	1,049	1,103	9,332	980	759	1,843	2,553	-	-	-	0	-	-	-	-
Distributions paid to noncontrolling interests
4,725	492	569	126	496	3,050	5,393	4,549	5,224	3,733	5,325	5,324	6,261	3,612	4,090	3,244	6,084	4,597	3,464	4,298	2,354	4,452	4,168	5,895	6,131	51,632	5,199	5,996	9,232	5,448	701	173	992	1,948	2,488	1,397	1,425	2,338	578	652	792
Proceeds from shares issued under ATM Program, net of selling costs
0	-244	131,397	88,303	303,831	287,544	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepayments of mortgage principal
0	155,996	379,482	293,738	199,579	42,542	0	0	164,908	34,230	58,557	58,208	42,439	134,447	125,534	30,602	36,894	81,882	9,678	0	0	4,721	14,245	85,004	116,816	0	-40,492	5,072	35,420	-	-	-	-	-	-	-	-	-	-	-	-
Contributions from noncontrolling interests
0	0	0	0	849	0	0	71	0	63	3	9,971	80,513	211	23	22	90	144	103	275	208	191	188	191	123	62,315	0	367	2,463	972	839	730	750	882	882	842	617	2,858	223	10,560	620
Change in financing restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	119	174	633	595	-10,064	-517	175	1	-1	-160	-428	-2,897	591	506	-43	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of stock options and employee purchases under the employee share purchase plan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	68	130	6	155	104	256	0	670	36	1,093	91	342	0	1,945	25	45,680	272	1,443	4,249	-	-	-	0	-	-	-	-
Repurchase of shares in connection with CPA:17 Merger
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	2	-1	678	0	0	40,000	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from mortgage financing
-	-	-	-	-	0	0	0	857	3,114	969	0	0	-	-	-	-	0	4,889	9,501	8,277	8,024	5,780	1,440	5,110	2,567	14,000	0	99,000	-	-	-	-	24,643	13,410	6,303	1,135	-	-	-	-
Net Cash Used in Financing Activities
-32,543	-277,048	921	-76,934	-104,717	-129,154	163,195	1,834	-60,167	-194,124	-133,418	-103,843	-314,081	16,073	-283,286	94,653	-109,463	-188,109	-53,326	43,910	318,798	244,001	302,043	-112,438	-90,466	-191,603	14,414	-32,534	-865	-206,502	135,744	-38,361	-4,173	-26,855	-2,939	87,176	-46,880	-16,333	1,150	12,066	1,569
Change in Cash and Cash Equivalents and Restricted Cash During the Period
Effect of exchange rate changes on cash and cash equivalents and restricted cash
-4,550	6,760	-9,225	744	-2,350	3,598	-2,961	-8,065	3,073	1,517	2,780	4,939	278	-8,196	8	-3,829	4,681	-3,636	-1,584	4,783	-25,648	-11,225	-9,716	-480	579	1,042	2,181	662	-1,216	860	78	-333	185	-208	-411	250	439	-132	592	-580	-663
Net increase (decrease) in cash and cash equivalents and restricted cash
32,772	-137,211	127,118	-44,068	-118,384	209,263	50,982	-51,565	5,707	-9,468	-6,082	18,645	-4,150	-79,559	36,178	-93,759	109,837	-34,091	-42,311	26,238	8,708	-331,593	315,305	16,024	81,428	23,899	30,855	-48,799	-12,340	-112,840	196,944	9,087	1,416	-7,798	10,634	-7,617	-30,615	18,443	6,801	6,353	14,646