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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
OPERATING ACTIVITIES    
Net income $ 42,689 $ 21,099
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred rent revenue and amortization of lease intangibles (4,206) (4,360)
Depreciation and amortization 46,154 50,902
Amortization of debt issuance costs and debt fair value adjustments 3,160 3,046
Gain on sale of real estate (7,121) 0
Stock-based compensation expense 2,137 2,571
Settlement of forward interest rate swap agreement 0 1,617
Other noncash interest expense (173) 0
Other, net (1,074) (839)
Changes in operating assets and liabilities    
Change in restricted cash (1,253) (1,438)
Change in accounts receivable (1,597) (195)
Change in other assets (460) (168)
Change in accounts payable and accrued expenses 11,191 7,298
Change in security deposits payable 318 113
Change in other liabilities and deferred credits 278 1,751
Net cash provided by operating activities 90,043 81,397
INVESTING ACTIVITIES    
Capital expenditures (115,156) (94,877)
Proceeds from sale of real estate, net of selling costs 12,259 0
Change in restricted cash (12,961) (1,272)
Leasing commissions (3,242) (2,805)
Net cash used in investing activities (119,100) (98,954)
FINANCING ACTIVITIES    
Repayment of secured notes payable (235,546) (1,169)
Proceeds from term loan 0 100,000
Proceeds from unsecured line of credit 60,000 0
Repayment of unsecured line of credit (35,000) (93,000)
Proceeds from issuance of unsecured notes payable 200,000 0
Debt issuance costs (2,274) (1,957)
Proceeds from issuance of common stock, net 72,836 104,148
Dividends paid to common stock and unitholders (43,585) (39,988)
Shares withheld for employee taxes (6,573) (4,319)
Net cash provided by financing activities 9,858 63,715
Net (decrease) increase in cash and cash equivalents (19,199) 46,158
Cash and cash equivalents, beginning of period 59,357 48,987
Cash and cash equivalents, end of period 40,158 95,145
American Assets Trust, L.P.    
OPERATING ACTIVITIES    
Net income 42,689 21,099
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred rent revenue and amortization of lease intangibles (4,206) (4,360)
Depreciation and amortization 46,154 50,902
Amortization of debt issuance costs and debt fair value adjustments 3,160 3,046
Gain on sale of real estate (7,121) 0
Stock-based compensation expense 2,137 2,571
Settlement of forward interest rate swap agreement 0 1,617
Other noncash interest expense (173) 0
Other, net (1,074) (839)
Changes in operating assets and liabilities    
Change in restricted cash (1,253) (1,438)
Change in accounts receivable (1,597) (195)
Change in other assets (460) (168)
Change in accounts payable and accrued expenses 11,191 7,298
Change in security deposits payable 318 113
Change in other liabilities and deferred credits 278 1,751
Net cash provided by operating activities 90,043 81,397
INVESTING ACTIVITIES    
Capital expenditures (115,156) (94,877)
Proceeds from sale of real estate, net of selling costs 12,259 0
Change in restricted cash (12,961) (1,272)
Leasing commissions (3,242) (2,805)
Net cash used in investing activities (119,100) (98,954)
FINANCING ACTIVITIES    
Repayment of secured notes payable (235,546) (1,169)
Proceeds from term loan 0 100,000
Proceeds from unsecured line of credit 60,000 0
Repayment of unsecured line of credit (35,000) (93,000)
Proceeds from issuance of unsecured notes payable 200,000 0
Debt issuance costs (2,274) (1,957)
Contributions from American Assets Trust, Inc. 72,836 104,148
Dividends paid to common stock and unitholders (43,585) (39,988)
Shares withheld for employee taxes (6,573) (4,319)
Net cash provided by financing activities 9,858 63,715
Net (decrease) increase in cash and cash equivalents (19,199) 46,158
Cash and cash equivalents, beginning of period 59,357 48,987
Cash and cash equivalents, end of period $ 40,158 $ 95,145