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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
OPERATING ACTIVITIES    
Net income $ 33,229 $ 42,689
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred rent revenue and amortization of lease intangibles (2,297) (4,206)
Depreciation and amortization 53,159 46,154
Amortization of debt issuance costs and debt fair value adjustments 3,354 3,160
Gain on sale of real estate 0 (7,121)
Stock-based compensation expense 1,855 2,137
Other noncash interest expense (173) (173)
Other, net 1,168 (1,074)
Changes in operating assets and liabilities    
Change in restricted cash 1,177 (1,253)
Change in accounts receivable (1,564) (1,597)
Change in other assets (23) (460)
Change in accounts payable and accrued expenses 10,983 11,191
Change in security deposits payable 142 318
Change in other liabilities and deferred credits 1,717 278
Net cash provided by operating activities 102,727 90,043
INVESTING ACTIVITIES    
Capital expenditures (45,583) (115,156)
Proceeds from sale of real estate, net of selling costs 0 12,259
Change in restricted cash 200 (12,961)
Leasing commissions (1,808) (3,242)
Net cash used in investing activities (47,191) (119,100)
FINANCING ACTIVITIES    
Repayment of secured notes payable (113,512) (235,546)
Proceeds from unsecured term loan 150,000 0
Proceeds from unsecured line of credit 10,000 60,000
Repayment of unsecured line of credit (40,000) (35,000)
Proceeds from issuance of unsecured notes payable 0 200,000
Debt issuance costs (2,107) (2,274)
Proceeds from issuance of common stock, net 9,665 72,836
Dividends paid to common stock and unitholders (47,536) (43,585)
Shares withheld for employee taxes (12) (6,573)
Net cash (used in) provided by financing activities (33,502) 9,858
Net increase (decrease) in cash and cash equivalents 22,034 (19,199)
Cash and cash equivalents, beginning of period 39,925 59,357
Cash and cash equivalents, end of period 61,959 40,158
American Assets Trust, L.P.    
OPERATING ACTIVITIES    
Net income 33,229 42,689
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred rent revenue and amortization of lease intangibles (2,297) (4,206)
Depreciation and amortization 53,159 46,154
Amortization of debt issuance costs and debt fair value adjustments 3,354 3,160
Gain on sale of real estate 0 (7,121)
Stock-based compensation expense 1,855 2,137
Other noncash interest expense (173) (173)
Other, net 1,168 (1,074)
Changes in operating assets and liabilities    
Change in restricted cash 1,177 (1,253)
Change in accounts receivable (1,564) (1,597)
Change in other assets (23) (460)
Change in accounts payable and accrued expenses 10,983 11,191
Change in security deposits payable 142 318
Change in other liabilities and deferred credits 1,717 278
Net cash provided by operating activities 102,727 90,043
INVESTING ACTIVITIES    
Capital expenditures (45,583) (115,156)
Proceeds from sale of real estate, net of selling costs 0 12,259
Change in restricted cash 200 (12,961)
Leasing commissions (1,808) (3,242)
Net cash used in investing activities (47,191) (119,100)
FINANCING ACTIVITIES    
Repayment of secured notes payable (113,512) (235,546)
Proceeds from unsecured term loan 150,000 0
Proceeds from unsecured line of credit 10,000 60,000
Repayment of unsecured line of credit (40,000) (35,000)
Proceeds from issuance of unsecured notes payable 0 200,000
Debt issuance costs (2,107) (2,274)
Contributions from American Assets Trust, Inc. 9,665 72,836
Dividends paid to common stock and unitholders (47,536) (43,585)
Shares withheld for employee taxes (12) (6,573)
Net cash (used in) provided by financing activities (33,502) 9,858
Net increase (decrease) in cash and cash equivalents 22,034 (19,199)
Cash and cash equivalents, beginning of period 39,925 59,357
Cash and cash equivalents, end of period $ 61,959 $ 40,158