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CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
USD ($)
Jun. 30, 2019
USD ($)
Jun. 30, 2018
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income $ 46,404 $ 65,053 $ 83,868
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:      
Depreciation   48,629 46,160
Amortization of Debt Issuance Costs 845 1,625 1,700
Other Amortization, including Stock Based Compensation   14,156 13,638
Impairment of Real Estate 0 0 2,756
Provision for Bad Debt   0 165
Equity in (Income) Loss of Joint Venture 2 (16,360) 2
Distributions from Joint Venture   16,084 0
Gain on Sale of Real Estate (25,067) (889) (45,156)
Loss from Retirement of Debt 0 0 39
Payments to Settle Derivative Instruments 0 (3,149) 0
Straight-line Rental Income and Expense, Net   (5,926) (1,016)
Increase in Tenant Accounts Receivable, Prepaid Expenses and Other Assets, Net   (2,839) (3,169)
Increase (Decrease) in Accounts Payable, Accrued Expenses, Other Liabilities, Rents Received in Advance and Security Deposits   3,734 (5,170)
Net Cash Provided by Operating Activities   120,118 93,817
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisitions of Real Estate   (52,395) (87,733)
Additions to Investment in Real Estate and Non-Acquisition Tenant Improvements and Lease Costs   (119,174) (121,169)
Net Proceeds from Sales of Investments in Real Estate   11,179 95,603
Contributions to and Investments in Joint Venture   0 (25,190)
Distributions from Joint Venture   8,586 1,829
Other Investing Activity   (5,758) (2,823)
Net Cash Used in Investing Activities   (157,562) (139,483)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Financing and Equity Issuance Costs   0 (2,842)
Proceeds from Issuance of Common Stock   0 145,584
Tax Paid on Shares Withheld   (4,384) (6,020)
Common Stock Dividends and Unit Distributions Paid   (57,764) (53,561)
Repayments on Mortgage Loans Payable   (75,336) (161,964)
Proceeds from Senior Unsecured Notes   0 300,000
Proceeds from Unsecured Credit Facility   187,000 217,000
Repayments on Unsecured Credit Facility   (29,000) (361,500)
Net Cash Provided by Financing Activities   20,516 76,697
Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash   (16,928) 31,031
Cash, Cash Equivalents and Restricted Cash, Beginning of Year   50,373 46,482
Cash, Cash Equivalents and Restricted Cash, End of Period 77,513 33,445 77,513
SUPPLEMENTAL INFORMATION TO STATEMENTS OF CASH FLOWS:      
Interest Expense Capitalized in Connection with Development Activity   2,320 3,317
Cash Paid for Operating Lease Liabilities   613 0
Supplemental Schedule of Non-Cash Operating Activities:      
Operating Lease Liabilities Arising from Obtaining Right-of-Use Assets   12,400 0
Supplemental Schedule of Non-Cash Investing and Financing Activities:      
Dividends and Distributions Payable 28,771 30,281 28,771
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:      
Conversion of Limited Partner Units to Common Stock / General Partner Units 0 0 0
Assumption of Indebtedness and Other Liabilities in Connection with the Acquisition of Real Estate   290 11,705
Accounts Payable Related to Construction in Progress and Additions to Investment in Real Estate   48,344 27,797
Write-off of Fully Depreciated Assets   (19,646) (22,936)
Noncontrolling Interest      
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income 1,195    
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:      
Conversion of Limited Partner Units to Common Stock / General Partner Units (7,318) 0 (12,327)
Common Stock      
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:      
Conversion of Limited Partner Units to Common Stock / General Partner Units 6 0 10
Additional Paid-in- Capital      
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:      
Conversion of Limited Partner Units to Common Stock / General Partner Units 7,312 0 12,317
Common Stock      
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:      
Conversion of Limited Partner Units to Common Stock / General Partner Units     12,327
First Industrial, L.P.      
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income 46,404 65,053 83,868
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:      
Depreciation   48,629 46,160
Amortization of Debt Issuance Costs 845 1,625 1,700
Other Amortization, including Stock Based Compensation   14,156 13,638
Impairment of Real Estate 0 0 2,756
Provision for Bad Debt   0 165
Equity in (Income) Loss of Joint Venture 2 (16,360) 2
Distributions from Joint Venture   16,084 0
Gain on Sale of Real Estate (25,067) (889) (45,156)
Loss from Retirement of Debt 0 0 39
Payments to Settle Derivative Instruments 0 (3,149) 0
Straight-line Rental Income and Expense, Net   (5,926) (1,016)
Increase in Tenant Accounts Receivable, Prepaid Expenses and Other Assets, Net   (2,780) (3,226)
Increase (Decrease) in Accounts Payable, Accrued Expenses, Other Liabilities, Rents Received in Advance and Security Deposits   3,734 (5,170)
Net Cash Provided by Operating Activities   120,177 93,760
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisitions of Real Estate   (52,395) (87,733)
Additions to Investment in Real Estate and Non-Acquisition Tenant Improvements and Lease Costs   (119,174) (121,169)
Net Proceeds from Sales of Investments in Real Estate   11,179 95,603
Contributions to and Investments in Joint Venture   0 (25,190)
Distributions from Joint Venture   8,586 1,829
Other Investing Activity   (5,758) (2,823)
Net Cash Used in Investing Activities   (157,562) (139,483)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Financing and Equity Issuance Costs   0 (2,842)
Proceeds from Issuance of Common Stock   0 145,584
Tax Paid on Shares Withheld   (4,384) (6,020)
Common Stock Dividends and Unit Distributions Paid   (57,764) (53,561)
Contributions from Noncontrolling Interests   5 121
Distributions to Noncontrolling Interests   (64) (64)
Repayments on Mortgage Loans Payable   (75,336) (161,964)
Proceeds from Senior Unsecured Notes   0 300,000
Proceeds from Unsecured Credit Facility   187,000 217,000
Repayments on Unsecured Credit Facility   (29,000) (361,500)
Net Cash Provided by Financing Activities   20,457 76,754
Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash   (16,928) 31,031
Cash, Cash Equivalents and Restricted Cash, Beginning of Year   50,373 46,482
Cash, Cash Equivalents and Restricted Cash, End of Period 77,513 33,445 77,513
SUPPLEMENTAL INFORMATION TO STATEMENTS OF CASH FLOWS:      
Interest Expense Capitalized in Connection with Development Activity   2,320 3,317
Cash Paid for Operating Lease Liabilities   613 0
Supplemental Schedule of Non-Cash Operating Activities:      
Operating Lease Liabilities Arising from Obtaining Right-of-Use Assets   12,400 0
Supplemental Schedule of Non-Cash Investing and Financing Activities:      
Dividends and Distributions Payable 28,771 30,281 28,771
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:      
Conversion of Limited Partner Units to Common Stock / General Partner Units 0 0 0
Assumption of Indebtedness and Other Liabilities in Connection with the Acquisition of Real Estate   290 11,705
Accounts Payable Related to Construction in Progress and Additions to Investment in Real Estate   48,344 27,797
Write-off of Fully Depreciated Assets   (19,646) (22,935)
First Industrial, L.P. | Limited Partner Units      
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income 1,195    
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:      
Conversion of Limited Partner Units to Common Stock / General Partner Units (7,318) 0 (12,327)
First Industrial, L.P. | General Partner Units      
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income 45,187    
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:      
Conversion of Limited Partner Units to Common Stock / General Partner Units $ 7,318 $ 0 $ 12,327