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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
OPERATING ACTIVITIES      
Net income $ 40,132 $ 45,637 $ 53,915
Adjustments to reconcile net income to net cash provided by operating activities:      
Deferred rent revenue and amortization of lease intangibles (2,547) (2,637) (5,587)
Depreciation and amortization 83,278 71,319 63,392
Amortization of debt issuance costs and debt fair value adjustments 3,058 4,473 4,214
Gain on sale of real estate 0 0 (7,121)
Stock-based compensation expense 4,735 2,414 2,877
Settlement of forward interest rate swap agreement 10,667 0 0
Other noncash interest expense (1,114) (231) (231)
Other, net 901 (769) 879
Changes in operating assets and liabilities      
Change in accounts receivable (1,116) (2,347) (1,011)
Change in other assets (499) (982) (243)
Change in accounts payable and accrued expenses 7,632 1,371 (1,081)
Change in security deposits payable 456 158 493
Change in other liabilities and deferred credits 270 2,275 (36)
Net cash provided by operating activities 145,853 120,681 110,460
INVESTING ACTIVITIES      
Acquisition of real estate, net 278,141 0 0
Capital expenditures (47,496) (59,633) (134,174)
Proceeds from sale of real estate, net of selling costs 0 0 12,259
Leasing commissions (4,927) (3,572) (4,461)
Net cash used in investing activities (330,564) (63,205) (126,376)
FINANCING ACTIVITIES      
Repayment of secured notes payable (167,139) (136,974) (235,980)
Proceeds from unsecured term loan 0 150,000 0
Proceeds from unsecured line of credit 173,000 34,000 65,000
Repayment of unsecured line of credit 193,000 44,000 35,000
Proceeds from issuance of unsecured notes payable 450,000 0 200,000
Debt issuance costs (2,401) (2,055) (2,881)
Proceeds from issuance of common stock, net 29,873 9,640 72,782
Dividends paid to common stock and unitholders (67,537) (64,077) (59,412)
Shares withheld for employee taxes (882) (807) (7,396)
Net cash provided by (used in) financing activities 221,914 (54,273) (2,887)
Net (decrease) increase in cash and cash equivalents 37,203 3,203 (18,803)
Cash, cash equivalents and restricted cash, beginning of year 54,751 51,548 70,351
Cash, cash equivalents and restricted cash, end of year 91,954 54,751 51,548
Cash and cash equivalents 82,610 44,801 39,925
Restricted cash 9,344 9,950 11,623
American Assets Trust, L.P.      
OPERATING ACTIVITIES      
Net income 40,132 45,637 53,915
Adjustments to reconcile net income to net cash provided by operating activities:      
Deferred rent revenue and amortization of lease intangibles (2,547) (2,637) (5,587)
Depreciation and amortization 83,278 71,319 63,392
Amortization of debt issuance costs and debt fair value adjustments 3,058 4,473 4,214
Gain on sale of real estate 0 0 (7,121)
Stock-based compensation expense 4,735 2,414 2,877
Settlement of forward interest rate swap agreement 10,667 0 0
Other noncash interest expense (1,114) (231) (231)
Other, net 901 (769) 879
Changes in operating assets and liabilities      
Change in accounts receivable (1,116) (2,347) (1,011)
Change in other assets (499) (982) (243)
Change in accounts payable and accrued expenses 7,632 1,371 (1,081)
Change in security deposits payable 456 158 493
Change in other liabilities and deferred credits 270 2,275 (36)
Net cash provided by operating activities 145,853 120,681 110,460
INVESTING ACTIVITIES      
Acquisition of real estate, net 278,141 0 0
Capital expenditures (47,496) (59,633) (134,174)
Proceeds from sale of real estate, net of selling costs 0 0 12,259
Leasing commissions (4,927) (3,572) (4,461)
Net cash used in investing activities (330,564) (63,205) (126,376)
FINANCING ACTIVITIES      
Repayment of secured notes payable (167,139) (136,974) (235,980)
Proceeds from unsecured term loan 0 150,000 0
Proceeds from unsecured line of credit 173,000 34,000 65,000
Repayment of unsecured line of credit 193,000 44,000 35,000
Proceeds from issuance of unsecured notes payable 450,000 0 200,000
Debt issuance costs (2,401) (2,055) (2,881)
Contributions from American Assets Trust, Inc. 29,873 9,640 72,782
Dividends paid to common stock and unitholders (67,537) (64,077) (59,412)
Shares withheld for employee taxes (882) (807) (7,396)
Net cash provided by (used in) financing activities 221,914 (54,273) (2,887)
Net (decrease) increase in cash and cash equivalents 37,203 3,203 (18,803)
Cash, cash equivalents and restricted cash, beginning of year 54,751 51,548 70,351
Cash, cash equivalents and restricted cash, end of year 91,954 54,751 51,548
Cash and cash equivalents 82,610 44,801 39,925
Restricted cash $ 9,344 $ 9,950 $ 11,623