Washington prime group inc. (WPG)
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'13
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

7,560

23,868

-1,665

-16,880

-2,563

68,836

4,115

15,519

20,185

63,133

-10,664

164,500

14,624

33,815

5,183

24,737

13,681

-111,606

8,128

8,944

-9,588

40,851

38,821

84,281

41,502

51,504

38,581

41,396

55,853

Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization, including fair value rent, fair value debt, deferred financing costs and equity-based compensation

60,753

63,259

72,541

72,134

65,270

63,344

69,133

65,141

61,404

59,873

67,005

65,688

66,601

68,036

68,449

78,098

70,377

73,637

77,091

88,593

90,574

55,166

50,019

47,364

46,385

-

-

-

-

Gain on disposition of interests in properties and outparcels, net

26,755

12,317

9,825

6,241

9,990

4,494

3,864

8,063

8,181

-647

0

125,386

324

129

181

-88

-2,209

-985

0

5,147

0

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

47,090

45,417

46,011

Gain upon acquisition of controlling interests and on sale of interests in properties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,969

91,268

242

-

-

-

-

Impairment loss

1,319

-

-

-

0

-

-

-

-

37,524

20,892

0

8,509

1,178

20,701

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Change in estimate of collectibility of rental income

5,291

1,654

1,857

1,047

2,980

1,372

497

611

3,346

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for credit losses

-

-

-

-

-

-

-

-

-

-

796

1,903

1,581

1,707

306

1,763

732

203

238

883

698

480

447

619

786

312

376

-806

690

Gain on sale of interests in properties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,152

Straight-line rent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

160

-260

31

Income (Loss) from Equity Method Investments

-1,032

503

-241

-1,713

-48

851

-577

-895

1,162

2,176

-165

-172

-444

857

-933

-508

-1,161

404

-164

-1,703

216

127

99

402

345

564

353

206

293

Distributions of income from unconsolidated entities

772

1,233

900

337

575

5,256

546

1,232

1,585

1,344

368

81

80

563

115

73

53

116

37

-29

99

124

343

123

414

996

480

283

351

Changes in assets and liabilities:
Tenant receivables and accrued revenue, net

3,075

8,208

146

-4,376

-1,766

9,236

-546

-7,840

-1,177

2,879

-1,900

-435

-2,853

13,480

6,468

-2,994

-2,900

-5,990

3,214

15,276

-10,924

8,083

169

4,551

-4,591

2,659

4,196

943

-6,326

Deferred costs and other assets

4,466

-1,982

2,744

-2,267

6,047

1,923

5,306

4,246

11,612

2,424

7,306

2,626

8,853

-7,005

11,563

7,580

2,259

1,221

9,897

7,100

5,628

640

1,070

8,265

4,088

8,650

402

-1,175

1,010

Accounts payable, accrued expenses, deferred revenues and other liabilities

-32,419

18,849

-6,823

22,152

-39,388

24,527

-10,206

13,182

-23,082

-6,059

11,815

3,123

-12,937

-8,269

-8,464

5,207

-29,723

-32,628

19,427

11,393

-35,089

1,433

5,400

16,115

-21,691

4,469

4,241

8,048

-28,880

Net cash provided by operating activities

10,012

71,390

44,359

80,905

12,651

95,436

56,038

92,111

43,660

80,413

84,971

86,669

72,578

89,035

69,011

71,810

59,131

73,192

101,833

83,964

51,774

78,695

84,723

46,910

67,312

91,288

85,657

94,624

64,865

CASH FLOWS FROM INVESTING ACTIVITIES:
Payments to Acquire Businesses, Net of Cash Acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

6,535

6

956,602

-

-

-

-

-

-

-

-

Capital expenditures, net

60,013

57,091

38,515

45,969

35,162

41,756

52,322

30,097

29,675

38,168

38,194

45,928

25,039

46,988

55,630

45,473

25,502

44,435

43,526

37,669

34,882

16,424

22,414

16,712

24,742

26,062

25,052

17,940

24,238

Restricted cash reserves for future capital expenditures, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,109

-2,666

3,554

-1,272

-1,377

6,986

-1,492

-

-

-

-

-

-

-

-

Net proceeds from disposition of interests in properties and outparcels

17,239

20,212

12,745

8,408

12,084

11,281

4,529

9,626

13,776

15,117

60

140,737

62,887

6,339

2,894

4,400

9,020

0

0

431,823

0

-

-

-

-

-

-

-

-

Investments in unconsolidated entities

3,225

5,983

7,967

2,597

3,273

3,051

5,073

2,006

10,048

2,283

11,881

379

36,368

1,212

2,927

4,232

3,260

-

-

-

-

-1

0

2,137

356

1,019

499

201

1,256

Distributions of capital from unconsolidated entities

1,555

6,260

6,983

7,020

7,727

11,740

433

3,039

19,884

16,327

0

4,483

52,479

2,528

10,743

9,103

15,712

4,046

460

45

46

-43

-260

574

866

385

447

754

2,073

Net cash used in investing activities

-44,444

-36,602

-26,754

-33,138

-18,624

-21,786

-52,433

-99,546

-6,063

-9,007

-50,015

98,913

53,959

-34,336

-49,029

-33,536

-7,584

-43,857

-54,821

383,142

-989,946

-39,857

-2,134

-168,209

-24,232

-26,696

-25,104

-17,387

-23,421

CASH FLOWS FROM FINANCING ACTIVITIES:
Distributions to Simon Property Group, Inc., net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

666,966

393,221

67,878

55,889

71,113

46,550

Distributions to noncontrolling interest holders in properties

51

14

0

0

66

61

0

0

5

91

0

0

23

0

0

0

0

0

0

0

8

-

-

-

-

88

25

64

172

Redemption of limited partner units

521

133

124

19

0

3

0

14

11

161

78

12

0

1

0

0

5

664

0

117,384

0

-

-

-

-

-

-

-

-

Change in lender-required restricted cash reserves on mortgage loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2

-2,702

839

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from issuance of common shares, including common stock plans

0

0

0

0

1

0

0

0

0

0

0

6

7

0

488

24

0

0

21

1,082

796

-

-

-

-

-

-

-

-

Distributions on common and preferred shares/units

31,628

59,396

59,394

59,418

59,336

59,217

59,219

59,218

59,167

59,026

59,053

59,057

59,016

58,858

58,763

58,754

58,717

59,212

55,799

60,888

52,807

-

-

-

-

-

-

-

-

Purchase of redeemable noncontrolling interest

-

-

-

-

-

-

-

-

-

0

0

0

6,830

0

339

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of debt, net of transaction costs

350,973

99,300

200,354

228,088

75,000

30,000

84,849

116,837

476,877

193,975

731,148

287,385

80,814

39,939

47,210

119,591

0

339,599

154,990

908,389

1,423,280

72,810

-4,795

889,601

494,769

-

-

-

-

Repayments of debt

285,000

72,631

165,306

182,560

24,142

81,131

14,503

41,447

451,101

212,856

733,922

435,380

104,623

45,804

14,230

124,247

18,658

314,999

143,922

1,333,131

286,241

76,587

3,577

36,145

141,185

15,273

2,662

2,615

2,486

Net cash provided by (used in) financing activities

33,773

-32,724

-24,470

-14,059

-8,543

-110,412

11,127

16,158

-33,407

-78,159

-61,905

-207,058

-89,671

-62,883

-25,636

-66,088

-76,541

-34,409

-46,475

-601,932

1,085,020

-50,878

-55,427

185,645

-39,637

-67,379

-58,576

-73,792

-49,208

INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH

-659

2,064

-6,865

33,708

-14,516

-36,762

14,732

8,723

4,190

-6,753

-26,949

-21,476

36,866

-8,184

-5,654

-27,814

-24,994

-5,074

537

-134,826

146,848

-12,040

27,162

64,346

3,443

-2,787

1,977

3,445

-7,764

Washington Prime Group, L.P.
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

7,560

23,868

-1,665

-16,880

-2,563

68,836

4,115

15,519

20,185

63,133

-10,664

164,500

14,624

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization, including fair value rent, fair value debt, deferred financing costs and equity-based compensation

60,753

63,259

72,541

72,134

65,270

63,344

69,133

65,141

61,404

59,873

67,005

65,688

66,601

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on disposition of interests in properties and outparcels, net

26,755

12,317

9,825

6,241

9,990

4,494

3,864

8,063

8,181

-647

0

125,386

324

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment loss

1,319

-

-

-

0

-

-

-

-

37,524

20,892

0

8,509

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in estimate of collectibility of rental income

5,291

1,654

1,857

1,047

2,980

1,372

497

611

3,346

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (Loss) from Equity Method Investments

-1,032

503

-241

-1,713

-48

851

-577

-895

1,162

2,176

-165

-172

-444

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions of income from unconsolidated entities

772

1,233

900

337

575

5,256

546

1,232

1,585

1,344

368

81

80

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tenant receivables and accrued revenue, net

3,075

8,208

146

-4,376

-1,766

9,236

-546

-7,840

-1,177

2,879

-1,900

-435

-2,853

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred costs and other assets

4,466

-1,982

2,744

-2,267

6,047

1,923

5,306

4,246

11,612

2,424

7,306

2,626

8,853

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable, accrued expenses, deferred revenues and other liabilities

-32,419

18,849

-6,823

22,152

-39,388

24,527

-10,206

13,182

-23,082

-6,059

11,815

3,123

-12,937

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

10,012

71,390

44,359

80,905

12,651

95,436

56,038

92,111

43,660

80,413

84,971

86,669

72,578

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures, net

60,013

57,091

38,515

45,969

35,162

41,756

52,322

30,097

29,675

38,168

38,194

45,928

25,039

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from disposition of interests in properties and outparcels

17,239

20,212

12,745

8,408

12,084

11,281

4,529

9,626

13,776

15,117

60

140,737

62,887

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investments in unconsolidated entities

3,225

5,983

7,967

2,597

3,273

3,051

5,073

2,006

10,048

2,283

11,881

379

36,368

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions of capital from unconsolidated entities

1,555

6,260

6,983

7,020

7,727

11,740

433

3,039

19,884

16,327

0

4,483

52,479

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-44,444

-36,602

-26,754

-33,138

-18,624

-21,786

-52,433

-99,546

-6,063

-9,007

-50,015

98,913

53,959

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions to noncontrolling interest holders in properties

51

14

0

0

66

61

0

0

5

91

0

0

23

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redemption of limited partner units

521

133

124

19

0

3

0

14

11

161

78

12

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from issuance of common units, including equity-based compensation plans

0

0

0

0

1

0

0

0

0

0

0

6

7

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of redeemable noncontrolling interest

-

-

-

-

-

-

-

-

-

0

0

0

6,830

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions to unitholders

31,628

59,396

59,394

59,418

59,336

59,217

59,219

59,218

59,167

59,026

59,053

59,057

59,016

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of debt, net of transaction costs

350,973

99,300

200,354

228,088

75,000

30,000

84,849

116,837

476,877

193,975

731,148

287,385

80,814

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of debt

285,000

72,631

165,306

182,560

24,142

81,131

14,503

41,447

451,101

212,856

733,922

435,380

104,623

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

33,773

-32,724

-24,470

-14,059

-8,543

-110,412

11,127

16,158

-33,407

-78,159

-61,905

-207,058

-89,671

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH

-659

2,064

-6,865

33,708

-14,516

-36,762

14,732

8,723

4,190

-6,753

-26,949

-21,476

36,866

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Washington Prime Group, L.P. [Member]
Provision for credit losses

-

-

-

-

-

-

-

-

-

-

796

1,903

1,581

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-