| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 |
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||
57,243 | 198,532 | 100,816 | 86,730 | 88,642 | 109,799 | -51,468 |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ||||||
Depreciation | ||||||
152,270 | 154,262 | 148,939 | 149,962 | 144,424 | 172,964 | 152,297 |
Non-cash ground rent and amortization of other intangibles | ||||||
3,060 | 3,854 | 4,500 | 2,950 | 3,820 | 4,707 | 2,564 |
Amortization of debt premiums, discounts, and financing costs | ||||||
2,452 | 2,595 | 2,848 | 3,755 | 3,756 | 4,461 | 4,360 |
Gain (Loss) on Extinguishment of Debt | ||||||
-214 | -599 | -274 | -5,155 | -5,761 | -67,105 | -20 |
Loss (gain) on sale of investment properties | ||||||
-947 | 123,540 | 50,747 | 30,195 | 43,015 | 136,385 | 1,564 |
Impairment and other losses | ||||||
24,171 | 0 | 950 | 10,035 | 0 | 5,378 | 49,145 |
Equity in losses and gain on consolidation of unconsolidated entity, net | ||||||
- | - | - | - | - | 4,216 | -33 |
Distributions from unconsolidated entities | ||||||
- | - | - | - | - | - | 451 |
Share-based compensation expense | ||||||
9,380 | 9,172 | 9,930 | 8,968 | 6,102 | 0 | 0 |
Other non-cash adjustments | ||||||
- | - | - | - | - | 0 | 45 |
Changes in assets and liabilities: | ||||||
Restricted cash | ||||||
- | - | - | - | - | 0 | 0 |
Accounts and rents receivable | ||||||
1,764 | -4,104 | 1,909 | -1,470 | 338 | -1,005 | 6,831 |
Other assets | ||||||
4,318 | -3,513 | -229 | -3,244 | -1,068 | -13,535 | 7,328 |
Deferred costs and other assets | ||||||
- | - | - | - | -4,343 | -11,209 | -2,178 |
Accounts payable and accrued expenses | ||||||
2,417 | 1,307 | -11,035 | -8,192 | -6,425 | 6,095 | 27,481 |
Other liabilities | ||||||
498 | -204 | 8,019 | -4,439 | 14,032 | -4,898 | -1,965 |
Net cash provided by operating activities | ||||||
246,570 | 254,194 | 212,814 | 229,443 | 193,038 | 181,605 | 180,586 |
Cash flows from investing activities: | ||||||
Purchase of investment properties | ||||||
190,024 | 354,149 | 605,510 | 116,000 | 245,260 | 178,776 | 942,945 |
Acquired goodwill, intangible assets, and intangible liabilities | ||||||
- | - | - | - | - | 12,410 | 12,534 |
Capital expenditures and tenant improvements | ||||||
93,036 | 108,210 | 86,401 | 58,823 | 54,146 | 47,267 | 49,782 |
Proceeds from sale of investment properties | ||||||
60,172 | 412,557 | 204,353 | 275,600 | 133,412 | 1,085,451 | 11,435 |
Investment in development projects | ||||||
- | - | - | - | 36,063 | 27,031 | 11,949 |
Consolidation of real estate entity | ||||||
- | - | - | - | - | 2,944 | 0 |
Proceeds from the sale of and return of capital from unconsolidated entities | ||||||
- | - | - | - | - | - | 2,366 |
Contributions to unconsolidated entities | ||||||
- | - | - | - | - | 30 | 0 |
Distributions from unconsolidated entities | ||||||
- | - | - | - | - | - | 122 |
Payoff of notes receivable | ||||||
- | - | - | - | - | - | 1,600 |
Restricted cash and escrows | ||||||
- | - | - | - | - | 3,015 | 16,544 |
Deposits for acquisition of hotel properties | ||||||
- | - | - | - | 20,000 | 0 | 0 |
Net cash used in investing activities | ||||||
-222,888 | -49,802 | -487,558 | 100,777 | -220,989 | 827,513 | -1,025,559 |
Cash flows from financing activities: | ||||||
Distribution to InvenTrust Properties Corp. | ||||||
- | - | - | - | 23,505 | 4,168,694 | 1,621,111 |
Contribution from InvenTrust Properties Corp. | ||||||
- | - | - | - | 176,805 | 3,779,389 | 2,359,889 |
Proceeds from mortgage debt and notes payable | ||||||
0 | 83,000 | 215,000 | 111,968 | 64,723 | 122,940 | 352,249 |
Prepayment penalties and defeasance | ||||||
- | - | - | 4,813 | 5,267 | -65,415 | 0 |
Payment of loan fees | ||||||
418 | 4,824 | 3,207 | 974 | 6,819 | 2,083 | 3,772 |
Proceeds from draws on the senior unsecured revolving credit facility | ||||||
160,000 | 170,000 | 120,000 | 10,000 | 127,000 | 0 | 0 |
Payments on senior unsecured revolving line of credit | ||||||
0 | 210,000 | 80,000 | 10,000 | 127,000 | 0 | 0 |
Payoffs of mortgage debt | ||||||
104,857 | 271,709 | 127,876 | 276,903 | 300,894 | 648,872 | 197,247 |
Principal payments of mortgage debt | ||||||
3,606 | 3,901 | 5,796 | 7,580 | 8,239 | 12,067 | 12,481 |
Proceeds from unsecured term loan | ||||||
85,000 | 65,000 | 125,000 | 125,000 | 175,000 | 0 | 0 |
Contributions from non-controlling interests | ||||||
0 | 79 | 0 | 341 | 10,248 | 2,044 | 1,611 |
Proceeds from issuance of common stock, net of offering costs | ||||||
0 | 135,031 | 0 | 0 | - | - | - |
Acquisition of non-controlling interest in consolidated real estate investments | ||||||
0 | 12,273 | 0 | 0 | - | - | - |
Payments For Redemption Of Partnership Capital Units | ||||||
0 | 837 | 0 | 0 | - | - | - |
Proceeds from issuance of preferred shares, net of offering costs | ||||||
- | - | - | - | 102 | 0 | 0 |
Redemption of preferred shares | ||||||
- | - | - | - | 137 | 0 | 0 |
Repurchase of common shares | ||||||
0 | 0 | 4,100 | 73,976 | 36,946 | 0 | 0 |
Shares redeemed to satisfy tax withholding on vested share based compensation | ||||||
598 | 1,021 | 1,861 | 561 | 0 | - | - |
Dividends | ||||||
125,865 | 121,733 | 118,442 | 115,130 | 67,706 | 0 | 0 |
Distributions paid to non-controlling interests | ||||||
0 | 0 | 594 | 316 | 0 | 0 | - |
Dividends, preferred shares | ||||||
- | - | - | - | 12 | 0 | 0 |
Payments for contingent consideration | ||||||
- | - | - | - | - | 7,891 | 10,000 |
Net cash provided by (used in) financing activities | ||||||
9,656 | -173,188 | 118,121 | -242,944 | -22,647 | -935,234 | 869,138 |
Net increase (decrease) in cash and cash equivalents and restricted cash | ||||||
33,338 | 31,204 | -156,623 | 87,276 | -50,598 | 73,884 | 24,165 |
Supplemental disclosure of cash flow information: | ||||||
Cash paid for taxes | ||||||
4,339 | 7,709 | 4,663 | - | - | - | - |
Cash paid for interest, net of capitalized interest | ||||||
46,526 | 49,152 | 42,888 | - | - | - | - |
Cash acquired as part of asset acquisition | ||||||
600 | 0 | 0 | - | - | - | - |
Supplemental schedule of non-cash investing activities: | ||||||
Accrued capital expenditures | ||||||
2,079 | 2,054 | 764 | - | - | - | - |
Adjustment to record right of use asset and lease liability, net | ||||||
28,072 | - | - | - | - | - | - |