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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
OPERATING ACTIVITIES    
Net income $ 17,896 $ 21,371
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred rent revenue and amortization of lease intangibles (1,397) (1,787)
Depreciation and amortization 42,168 35,167
Amortization of debt issuance costs and debt fair value adjustments 2,180 2,238
Stock-based compensation expense 1,278 1,255
Settlement of forward-starting interest rate swaps agreement 10,667 0
Other noncash interest expense (475) (115)
Other, net 482 (828)
Changes in operating assets and liabilities    
Change in restricted cash 909 1,841
Change in accounts receivable 2,674 228
Change in other assets 468 41
Change in accounts payable and accrued expenses 5,869 2,881
Change in security deposits payable 665 115
Change in other liabilities and deferred credits 496 1,142
Net cash provided by operating activities 83,880 63,549
INVESTING ACTIVITIES    
Acquistion of real estate, net of cash acquired (232,061) 0
Capital expenditures (19,883) (31,852)
Change in restricted cash (1,570) 331
Leasing commissions (2,094) (1,386)
Deposit on property acquisition (1,000) 0
Net cash used in investing activities (256,608) (32,907)
FINANCING ACTIVITIES    
Change in restricted cash 1,400 0
Repayment of secured notes payable (166,439) (113,073)
Proceeds from unsecured term loan 0 150,000
Proceeds from unsecured line of credit 130,000 10,000
Repayment of unsecured line of credit (150,000) (40,000)
Proceeds from unsecured notes payable 350,000 0
Debt issuance costs (2,281) (1,943)
Proceeds from issuance of common stock, net 30,075 0
Dividends paid to common stock and unitholders (33,448) (31,653)
Shares withheld for employee taxes 0 (12)
Net cash provided by (used in) financing activities 159,307 (26,681)
Net increase in cash and cash equivalents (13,421) 3,961
Cash and cash equivalents, beginning of period 44,801 39,925
Cash and cash equivalents, end of period 31,380 43,886
American Assets Trust, L.P.    
OPERATING ACTIVITIES    
Net income 17,896 21,371
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred rent revenue and amortization of lease intangibles (1,397) (1,787)
Depreciation and amortization 42,168 35,167
Amortization of debt issuance costs and debt fair value adjustments 2,180 2,238
Stock-based compensation expense 1,278 1,255
Settlement of forward-starting interest rate swaps agreement 10,667 0
Other noncash interest expense (475) (115)
Other, net 482 (828)
Changes in operating assets and liabilities    
Change in restricted cash 909 1,841
Change in accounts receivable 2,674 228
Change in other assets 468 41
Change in accounts payable and accrued expenses 5,869 2,881
Change in security deposits payable 665 115
Change in other liabilities and deferred credits 496 1,142
Net cash provided by operating activities 83,880 63,549
INVESTING ACTIVITIES    
Acquistion of real estate, net of cash acquired (232,061) 0
Capital expenditures (19,883) (31,852)
Change in restricted cash (1,570) 331
Leasing commissions (2,094) (1,386)
Deposit on property acquisition (1,000) 0
Net cash used in investing activities (256,608) (32,907)
FINANCING ACTIVITIES    
Change in restricted cash 1,400 0
Repayment of secured notes payable (166,439) (113,073)
Proceeds from unsecured term loan 0 150,000
Proceeds from unsecured line of credit 130,000 10,000
Repayment of unsecured line of credit (150,000) (40,000)
Proceeds from unsecured notes payable 350,000 0
Debt issuance costs (2,281) (1,943)
Contributions from American Assets Trust, Inc. 30,075 0
Dividends paid to common stock and unitholders (33,448) (31,653)
Shares withheld for employee taxes 0 (12)
Net cash provided by (used in) financing activities 159,307 (26,681)
Net increase in cash and cash equivalents (13,421) 3,961
Cash and cash equivalents, beginning of period 44,801 39,925
Cash and cash equivalents, end of period $ 31,380 $ 43,886