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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
OPERATING ACTIVITIES    
Net income $ 21,371 $ 23,663
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred rent revenue and amortization of lease intangibles (1,787) (2,609)
Depreciation and amortization 35,167 30,393
Amortization of debt issuance costs and debt fair value adjustments 2,238 2,106
Stock-based compensation expense 1,255 1,724
Other noncash interest expense (115) (116)
Other, net (828) (269)
Changes in operating assets and liabilities    
Change in restricted cash 1,841 88
Change in accounts receivable 228 919
Change in other assets 41 (103)
Change in accounts payable and accrued expenses 2,881 1,168
Change in security deposits payable 115 379
Change in other liabilities and deferred credits 1,142 330
Net cash provided by operating activities 63,549 57,673
INVESTING ACTIVITIES    
Capital expenditures (31,852) (89,230)
Change in restricted cash 331 (405)
Leasing commissions (1,386) (2,280)
Deposit on property acquisition 0 2,000
Net cash used in investing activities (32,907) (93,915)
FINANCING ACTIVITIES    
Repayment of secured notes payable (113,073) (235,134)
Proceeds from unsecured term loan 150,000 0
Proceeds from unsecured line of credit 10,000 55,000
Repayment of unsecured line of credit (40,000) (25,000)
Proceeds from issuance of unsecured notes payable 0 200,000
Debt issuance costs (1,943) (1,953)
Proceeds from issuance of common stock, net 0 54,007
Dividends paid to common stock and unitholders (31,653) (28,874)
Shares withheld for employee taxes (12) (6,212)
Net cash (used in) provided by financing activities (26,681) 11,834
Net increase (decrease) in cash and cash equivalents 3,961 (24,408)
Cash and cash equivalents, beginning of period 39,925 59,357
Cash and cash equivalents, end of period 43,886 34,949
American Assets Trust, L.P.    
OPERATING ACTIVITIES    
Net income 21,371 23,663
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred rent revenue and amortization of lease intangibles (1,787) (2,609)
Depreciation and amortization 35,167 30,393
Amortization of debt issuance costs and debt fair value adjustments 2,238 2,106
Stock-based compensation expense 1,255 1,724
Other noncash interest expense (115) (116)
Other, net (828) (269)
Changes in operating assets and liabilities    
Change in restricted cash 1,841 88
Change in accounts receivable 228 919
Change in other assets 41 (103)
Change in accounts payable and accrued expenses 2,881 1,168
Change in security deposits payable 115 379
Change in other liabilities and deferred credits 1,142 330
Net cash provided by operating activities 63,549 57,673
INVESTING ACTIVITIES    
Capital expenditures (31,852) (89,230)
Change in restricted cash 331 (405)
Leasing commissions (1,386) (2,280)
Deposit on property acquisition 0 2,000
Net cash used in investing activities (32,907) (93,915)
FINANCING ACTIVITIES    
Repayment of secured notes payable (113,073) (235,134)
Proceeds from unsecured term loan 150,000 0
Proceeds from unsecured line of credit 10,000 55,000
Repayment of unsecured line of credit (40,000) (25,000)
Proceeds from issuance of unsecured notes payable 0 200,000
Debt issuance costs (1,943) (1,953)
Contributions from American Assets Trust, Inc. 0 54,007
Dividends paid to common stock and unitholders (31,653) (28,874)
Shares withheld for employee taxes (12) (6,212)
Net cash (used in) provided by financing activities (26,681) 11,834
Net increase (decrease) in cash and cash equivalents 3,961 (24,408)
Cash and cash equivalents, beginning of period 39,925 59,357
Cash and cash equivalents, end of period $ 43,886 $ 34,949