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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
OPERATING ACTIVITIES    
Net income $ 23,663 $ 12,009
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred rent revenue and amortization of lease intangibles (2,609) (2,806)
Depreciation and amortization 30,393 34,550
Amortization of debt issuance costs and debt fair value adjustments 2,106 2,031
Stock-based compensation expense 1,724 1,526
Other noncash interest expense (116) 0
Other, net (269) (368)
Changes in operating assets and liabilities    
Change in restricted cash 88 (673)
Change in accounts receivable 919 2,379
Change in other assets (103) (377)
Change in accounts payable and accrued expenses 1,168 1,013
Change in security deposits payable 379 160
Change in other liabilities and deferred credits 330 890
Net cash provided by operating activities 57,673 50,334
INVESTING ACTIVITIES    
Capital expenditures (89,230) (61,261)
Change in restricted cash (405) (969)
Leasing commissions (2,280) (1,628)
Deposit on property acquisition (2,000) 0
Net cash used in investing activities (93,915) (63,858)
FINANCING ACTIVITIES    
Repayment of secured notes payable (235,134) (784)
Proceeds from term loan 0 100,000
Proceeds from unsecured line of credit 55,000 0
Repayment of unsecured line of credit (25,000) (93,000)
Proceeds from issuance of unsecured notes payable 200,000 0
Debt issuance costs (1,953) (1,957)
Proceeds, net 54,007 69,909
Dividends paid to common stock and unitholders (28,874) (26,453)
Shares withheld for employee taxes (6,212) (4,319)
Net cash provided by financing activities 11,834 43,396
Net (decrease) increase in cash and cash equivalents (24,408) 29,872
Cash and cash equivalents, beginning of period 59,357 48,987
Cash and cash equivalents, end of period 34,949 78,859
American Assets Trust, L.P.    
OPERATING ACTIVITIES    
Net income 23,663 12,009
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred rent revenue and amortization of lease intangibles (2,609) (2,806)
Depreciation and amortization 30,393 34,550
Amortization of debt issuance costs and debt fair value adjustments 2,106 2,031
Stock-based compensation expense 1,724 1,526
Other noncash interest expense (116) 0
Other, net (269) (368)
Changes in operating assets and liabilities    
Change in restricted cash 88 (673)
Change in accounts receivable 919 2,379
Change in other assets (103) (377)
Change in accounts payable and accrued expenses 1,168 1,013
Change in security deposits payable 379 160
Change in other liabilities and deferred credits 330 890
Net cash provided by operating activities 57,673 50,334
INVESTING ACTIVITIES    
Capital expenditures (89,230) (61,261)
Change in restricted cash (405) (969)
Leasing commissions (2,280) (1,628)
Deposit on property acquisition (2,000) 0
Net cash used in investing activities (93,915) (63,858)
FINANCING ACTIVITIES    
Repayment of secured notes payable (235,134) (784)
Proceeds from term loan 0 100,000
Proceeds from unsecured line of credit 55,000 0
Repayment of unsecured line of credit (25,000) (93,000)
Proceeds from issuance of unsecured notes payable 200,000 0
Debt issuance costs (1,953) (1,957)
Contributions from American Assets Trust, Inc. 54,007 69,909
Dividends paid to common stock and unitholders (28,874) (26,453)
Shares withheld for employee taxes (6,212) (4,319)
Net cash provided by financing activities 11,834 43,396
Net (decrease) increase in cash and cash equivalents (24,408) 29,872
Cash and cash equivalents, beginning of period 59,357 48,987
Cash and cash equivalents, end of period $ 34,949 $ 78,859