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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
OPERATING ACTIVITIES      
Net income $ 45,637 $ 53,915 $ 31,145
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:      
Deferred rent revenue and amortization of lease intangibles (2,637) (5,587) (4,623)
Depreciation and amortization 71,319 63,392 66,568
Amortization of debt issuance costs and debt fair value adjustments 4,473 4,214 4,075
Gain on sale of real estate 0 (7,121) 0
Stock-based compensation expense 2,414 2,877 3,666
Settlement of forward interest rate swap agreement 0 0 1,617
Other noncash interest expense (231) (231) (39)
Other, net (769) 878 (95)
Changes in operating assets and liabilities      
Change in restricted cash 1,982 265 1,198
Change in accounts receivable (2,347) (1,011) 279
Change in other assets (982) (243) (107)
Change in accounts payable and accrued expenses 1,371 (1,081) 1,381
Change in security deposits payable 158 493 358
Change in other liabilities and deferred credits 2,275 (36) 188
Net cash provided by operating activities 122,663 110,724 105,611
INVESTING ACTIVITIES      
Capital expenditures (59,633) (134,174) (144,674)
Proceeds from sale of real estate, net of selling costs 0 12,259 0
Change in restricted cash, reserves for capital improvements (309) (893) (3,068)
Leasing commissions (3,572) (4,461) (5,098)
Net cash used in investing activities (63,514) (127,269) (152,840)
FINANCING ACTIVITIES      
Repayment of secured notes payable (136,974) (235,980) (142,276)
Proceeds from unsecured term loan 150,000 0 100,000
Proceeds from unsecured line of credit 34,000 65,000 0
Repayment of unsecured line of credit 44,000 35,000 93,000
Proceeds from issuance of unsecured notes payable 0 200,000 150,000
Debt issuance costs (2,055) (2,881) (2,141)
Proceeds from issuance of common stock, net 9,640 72,782 104,107
Dividends and distributions (64,077) (59,412) (54,311)
Shares withheld for employee taxes (807) (7,396) (4,780)
Net cash provided by (used in) financing activities (54,273) (2,887) 57,599
Net (decrease) increase in cash and cash equivalents 4,876 (19,432) 10,370
Cash and cash equivalents, beginning of period 39,925 59,357 48,987
Cash and cash equivalents, end of period 44,801 39,925 59,357
American Assets Trust, L.P.      
OPERATING ACTIVITIES      
Net income 45,637 53,915 31,145
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:      
Deferred rent revenue and amortization of lease intangibles (2,637) (5,587) (4,623)
Depreciation and amortization 71,319 63,392 66,568
Amortization of debt issuance costs and debt fair value adjustments 4,473 4,214 4,075
Gain on sale of real estate 0 (7,121) 0
Stock-based compensation expense 2,414 2,877 3,666
Settlement of forward interest rate swap agreement 0 0 1,617
Other noncash interest expense (231) (231) (39)
Other, net (769) 878 (95)
Changes in operating assets and liabilities      
Change in restricted cash 1,982 265 1,198
Change in accounts receivable (2,347) (1,011) 279
Change in other assets (982) (243) (107)
Change in accounts payable and accrued expenses 1,371 (1,081) 1,381
Change in security deposits payable 158 493 358
Change in other liabilities and deferred credits 2,275 (36) 188
Net cash provided by operating activities 122,663 110,724 105,611
INVESTING ACTIVITIES      
Capital expenditures (59,633) (134,174) (144,674)
Proceeds from sale of real estate, net of selling costs 0 12,259 0
Change in restricted cash, reserves for capital improvements (309) (893) (3,068)
Leasing commissions (3,572) (4,461) (5,098)
Net cash used in investing activities (63,514) (127,269) (152,840)
FINANCING ACTIVITIES      
Repayment of secured notes payable (136,974) (235,980) (142,276)
Proceeds from unsecured term loan 150,000 0 100,000
Proceeds from unsecured line of credit 34,000 65,000 0
Repayment of unsecured line of credit 44,000 35,000 93,000
Proceeds from issuance of unsecured notes payable 0 200,000 150,000
Debt issuance costs (2,055) (2,881) (2,141)
Contributions from American Assets Trust, Inc. 9,640 72,782 104,107
Dividends and distributions (64,077) (59,412) (54,311)
Shares withheld for employee taxes (807) (7,396) (4,780)
Net cash provided by (used in) financing activities (54,273) (2,887) 57,599
Net (decrease) increase in cash and cash equivalents 4,876 (19,432) 10,370
Cash and cash equivalents, beginning of period 39,925 59,357 48,987
Cash and cash equivalents, end of period $ 44,801 $ 39,925 $ 59,357