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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income $ 76,705 $ 51,005 $ 41,428
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:      
Depreciation 92,955 93,457 94,271
Amortization of Deferred Financing Costs 3,159 3,098 3,225
Other Amortization 28,359 30,218 30,632
Impairment of Real Estate 626 0 2,652
Provision for Bad Debt 954 1,425 726
Equity in Income of Joint Ventures (55) (3,499) (136)
Distributions from Joint Ventures 0 1,881 177
Gain on Sale of Real Estate (48,906) (25,905) (35,444)
Loss from Retirement of Debt 0 655 6,637
Settlement Loss and Mark-to-Market Gain on Interest Rate Protection Agreements 11,546 0 (52)
Increase in Tenant Accounts Receivable, Prepaid Expenses and Other Assets, Net (2,686) (2,582) (3,192)
Increase in Deferred Rent Receivable (6,181) (2,715) (4,516)
Increase (Decrease) in Accounts Payable, Accrued Expenses, Other Liabilities, Rents Received in Advance and Security Deposits 5,673 452 (5,679)
Payments of Premiums, Discounts and Prepayment Penalties Associated with Retirement of Debt 0 (10,650) (4,978)
Cash Book Overdraft 0 336 0
Net Cash Provided by Operating Activities 162,149 137,176 125,751
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisitions of Real Estate (168,122) (96,045) (73,642)
Additions to Investment in Real Estate and Non-Acquisition Tenant Improvements and Lease Costs (150,079) (123,037) (114,806)
Net Proceeds from Sales of Investments in Real Estate 154,024 98,472 126,250
Contributions to and Investments in Joint Ventures (200) (31) (38)
Distributions from Joint Ventures 126 2,475 104
Settlement of Interest Rate Protection Agreements (11,546) 0 0
Repayments of Notes Receivable 2,760 49,761 615
(Increase) Decrease in Escrows (24,037) (664) 204
Net Cash Used in Investing Activities (197,074) (69,069) (61,313)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Debt and Equity Issuance and Preferred Stock Redemption Costs (5,158) (2,419) (3,575)
Proceeds from the Issuance of Common Stock, Net of Underwriter’s Discount 0 0 174,081
Repurchase and Retirement of Restricted Stock / Units (2,101) (4,667) (2,968)
Common Stock Dividends and Unit Distributions Paid (55,811) (45,151) (29,025)
Preferred Dividends Paid 0 (1,471) (8,733)
Redemption of Preferred Stock / Units 0 (75,000) (150,000)
Payments on Interest Rate Protection Agreements 0 0 (1,079)
Repayments on Mortgage Loans Payable (35,004) (77,880) (85,680)
Repayments of Senior Unsecured Notes 0 (71,578) (29,769)
Proceeds from Unsecured Term Loans 260,000 200,000 0
Proceeds from Unsecured Credit Facility 321,500 356,000 373,000
Repayments on Unsecured Credit Facility (454,000) (344,000) (298,000)
Net Cash Provided by (Used in) Financing Activities 29,426 (66,166) (61,748)
Net Effect of Exchange Rate Changes on Cash and Cash Equivalents (14) (18) (51)
Net (Decrease) Increase in Cash and Cash Equivalents (5,499) 1,941 2,690
Cash and Cash Equivalents, Beginning of Year 9,500 7,577 4,938
Cash and Cash Equivalents, End of Year 3,987 9,500 7,577
Supplemental Cash Flow Information [Abstract]      
Interest Paid, Net of Interest Expense Capitalized in Connection with Development Activity 66,452 70,194 70,726
Interest Expense Capitalized in Connection with Development Activity 2,453 1,411 3,611
Income Taxes Paid (Refunded) 23 (105) 5,433
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]      
Distribution Payable 14,812 11,949  
Exchange Of Operating Partnership/ Limited Partnership Units For Common Stock/ General Partnership Units [Abstract]      
Conversion of Units / Limited Partner Units to Common Stock / General Partner Units 0 0 0
Assumption of Liabilities in Connection with the Acquisition of Real Estate 2,090 364 483
Notes Receivable Issued in Conjunction with Certain Property Sales 0 0 12,520
Accounts Payable Related to Construction in Progress and Additions to Investment in Real Estate 25,747 14,901 15,249
Write-off of Fully Depreciated Assets (45,457) (44,769) (62,281)
Noncontrolling Interest      
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income 2,903 1,895 1,121
Exchange Of Operating Partnership/ Limited Partnership Units For Common Stock/ General Partnership Units [Abstract]      
Conversion of Units / Limited Partner Units to Common Stock / General Partner Units (673) (2,155) (996)
Common Stock      
Exchange Of Operating Partnership/ Limited Partnership Units For Common Stock/ General Partnership Units [Abstract]      
Conversion of Units / Limited Partner Units to Common Stock / General Partner Units 1 2 1
Additional Paid-in- Capital      
Exchange Of Operating Partnership/ Limited Partnership Units For Common Stock/ General Partnership Units [Abstract]      
Conversion of Units / Limited Partner Units to Common Stock / General Partner Units 672 2,153 995
Common Stock      
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from the Issuance of Common Stock, Net of Underwriter’s Discount     132,050
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]      
Distribution Payable 14,812 11,949 9,837
Preferred Stock      
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]      
Distribution Payable 0 0 452
First Industrial L.P.      
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income 76,820 51,257 41,474
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:      
Depreciation 92,955 93,457 94,271
Amortization of Deferred Financing Costs 3,159 3,098 3,225
Other Amortization 28,359 30,218 30,632
Impairment of Real Estate 626 0 2,652
Provision for Bad Debt 954 1,425 726
Equity in Income of Joint Ventures (55) (3,499) (136)
Distributions from Joint Ventures 0 1,881 177
Gain on Sale of Real Estate (48,906) (25,905) (35,444)
Loss from Retirement of Debt 0 655 6,637
Settlement Loss and Mark-to-Market Gain on Interest Rate Protection Agreements 11,546 0 (52)
Increase in Tenant Accounts Receivable, Prepaid Expenses and Other Assets, Net (2,673) (2,039) (2,582)
Increase in Deferred Rent Receivable (6,181) (2,715) (4,516)
Increase (Decrease) in Accounts Payable, Accrued Expenses, Other Liabilities, Rents Received in Advance and Security Deposits 5,682 399 (5,676)
Payments of Premiums, Discounts and Prepayment Penalties Associated with Retirement of Debt 0 (10,650) (4,978)
Cash Book Overdraft 0 336 0
Net Cash Provided by Operating Activities 162,286 137,918 126,410
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisitions of Real Estate (168,122) (96,045) (73,642)
Additions to Investment in Real Estate and Non-Acquisition Tenant Improvements and Lease Costs (150,079) (123,037) (114,806)
Net Proceeds from Sales of Investments in Real Estate 154,024 98,472 126,250
Contributions to and Investments in Joint Ventures (200) (31) (38)
Distributions from Joint Ventures 126 2,475 104
Settlement of Interest Rate Protection Agreements (11,546) 0 0
Repayments of Notes Receivable 2,760 49,761 615
(Increase) Decrease in Escrows (24,037) (1,319) (409)
Net Cash Used in Investing Activities (197,074) (69,724) (61,926)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Debt and Equity Issuance and Preferred Stock Redemption Costs (5,158) (2,419) (3,575)
Proceeds from the Issuance of Common Stock, Net of Underwriter’s Discount 0 0 174,081
Repurchase and Retirement of Restricted Stock / Units (2,101) (4,667) (2,968)
Common Stock Dividends and Unit Distributions Paid (55,811) (45,151) (29,025)
Preferred Dividends Paid 0 (1,471) (8,733)
Redemption of Preferred Stock / Units 0 (75,000) (150,000)
Payments on Interest Rate Protection Agreements 0 0 (1,079)
Contributions from Noncontrolling Interests 67 335 177
Distributions to Noncontrolling Interests (189) (422) (229)
Repayments on Mortgage Loans Payable (35,004) (77,880) (85,680)
Repayments of Senior Unsecured Notes 0 (71,578) (29,769)
Proceeds from Unsecured Term Loans 260,000 200,000 0
Proceeds from Unsecured Credit Facility 321,500 356,000 373,000
Repayments on Unsecured Credit Facility (454,000) (344,000) (298,000)
Net Cash Provided by (Used in) Financing Activities 29,304 (66,253) (61,800)
Net Effect of Exchange Rate Changes on Cash and Cash Equivalents (14) (18) (51)
Net (Decrease) Increase in Cash and Cash Equivalents (5,484) 1,941 2,684
Cash and Cash Equivalents, Beginning of Year 9,485 7,562 4,929
Cash and Cash Equivalents, End of Year 3,987 9,485 7,562
Supplemental Cash Flow Information [Abstract]      
Interest Paid, Net of Interest Expense Capitalized in Connection with Development Activity 66,452 70,194 70,726
Interest Expense Capitalized in Connection with Development Activity 2,453 1,411 3,611
Income Taxes Paid (Refunded) 23 (105) 5,433
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]      
Distribution Payable 14,812 11,949  
Exchange Of Operating Partnership/ Limited Partnership Units For Common Stock/ General Partnership Units [Abstract]      
Conversion of Units / Limited Partner Units to Common Stock / General Partner Units 0 0 0
Assumption of Liabilities in Connection with the Acquisition of Real Estate 2,090 364 483
Notes Receivable Issued in Conjunction with Certain Property Sales 0 0 12,520
Accounts Payable Related to Construction in Progress and Additions to Investment in Real Estate 25,747 14,901 15,249
Write-off of Fully Depreciated Assets (45,457) (44,769) (62,281)
First Industrial L.P. | Noncontrolling Interest      
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income 138 72 41
First Industrial L.P. | Limited Partner Units      
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income 2,903 1,895 1,121
Exchange Of Operating Partnership/ Limited Partnership Units For Common Stock/ General Partnership Units [Abstract]      
Conversion of Units / Limited Partner Units to Common Stock / General Partner Units (673) (2,155) (996)
First Industrial L.P. | General Partner Units      
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income 73,779 46,809 25,912
Exchange Of Operating Partnership/ Limited Partnership Units For Common Stock/ General Partnership Units [Abstract]      
Conversion of Units / Limited Partner Units to Common Stock / General Partner Units 673 2,155 996
First Industrial L.P. | Common Stock      
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]      
Distribution Payable 14,812 11,949 9,837
First Industrial L.P. | Preferred Stock      
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]      
Distribution Payable $ 0 $ 0 $ 452