Supplemental Disclosures for the Statement of Consolidated Cash Flows

9 Months Ended

Sep. 30, 2023

Supplemental Cash Flow Elements [Abstract]

Supplemental Disclosures for the Statement of Consolidated Cash Flows

Certain non-cash investing and financing activities for the nine months ended September 30, 2023 and 2022 (in thousands) are outlined below:


	Nine Months Ended
	September 30, 2023		September 30, 2022
Tenant improvements funded by tenants	$	30,790	$	2,928
Accrued capital expenditures and deferred lease costs	$	17,458	$	18,424
Change in accrued dividends	$	(25,358)	$	(26,048)


Change in accrued deferred financing costs	$	(32)	$	71
Accrued stock issuance costs	$	—	$	150

The following table provides a reconciliation of cash, cash equivalents, and restricted cash and escrows as presented in the accompanying consolidated statements of cash flows for the nine months ended September 30, 2023 and 2022, to the consolidated balance sheets for the respective period (in thousands):


	2023		2022
Cash and cash equivalents, beginning of period	$	16,536	$	7,419
Restricted cash and escrows, beginning of period	3,064		1,441


Total cash, cash equivalents, and restricted cash and escrows as presented in the accompanying consolidated statement of cash flows, beginning of period	$	19,600	$	8,860

Cash and cash equivalents, end of period	$	5,044	$	10,653
Restricted cash and escrows, end of period	5,983		2,191


Total cash, cash equivalents, and restricted cash and escrows as presented in the accompanying consolidated statement of cash flows, end of period	$	11,027	$	12,844

Amounts in restricted cash and escrows typically represent: escrow accounts required for future property repairs; escrow accounts for the payment of real estate taxes as required under certain of Piedmont's debt agreements; earnest money deposited by a buyer to secure the purchase of one of Piedmont's properties; or security or utility deposits held for tenants as a condition of their lease agreement.