XML 19 R6.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
OPERATING ACTIVITIES    
Net income (loss) $ 15,243 $ (691)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Deferred rent revenue and amortization of lease intangibles (1,111) 47
Depreciation and amortization 20,583 33,279
Amortization of debt issuance costs and debt fair value adjustments 368 446
Stock-based compensation expense 1,098 727
Lease termination income (4,518) 0
Other noncash interest expense (320) (320)
Other, net 678 2,031
Changes in operating assets and liabilities    
Change in accounts receivable 466 577
Change in other assets 45 (337)
Change in accounts payable and accrued expenses 7,150 5,434
Change in security deposits payable (1,265) 2,113
Change in other liabilities and deferred credits (1,586) 666
Net cash provided by operating activities 36,831 43,972
INVESTING ACTIVITIES    
Capital expenditures (20,932) (10,138)
Leasing commissions (1,505) (1,227)
Net cash used in investing activities (22,437) (11,365)
FINANCING ACTIVITIES    
Repayment of secured notes payable (19,909) (74,116)
Proceeds from unsecured line of credit 24,000 35,000
Debt issuance costs (415) (2,656)
Proceeds from issuance of common stock, net 7,034  
Proceeds from issuance of common stock, net   (176)
Dividends paid to common stock and unitholders (18,061) (17,388)
Net cash used in financing activities (7,351) (59,336)
Net (decrease) increase in cash and cash equivalents 7,043 (26,729)
Cash, cash equivalents, and restricted cash equivalents, beginning of period 57,272 91,954
Cash, cash equivalents, and restricted cash equivalents, end of period 64,315 65,225
Cash and cash equivalents 54,538 55,336
Restricted cash 9,777 9,889
American Assets Trust, L.P.    
OPERATING ACTIVITIES    
Net income (loss) 15,243 (691)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Deferred rent revenue and amortization of lease intangibles (1,111) 47
Depreciation and amortization 20,583 33,279
Amortization of debt issuance costs and debt fair value adjustments 368 446
Stock-based compensation expense 1,098 727
Lease termination income (4,518) 0
Other noncash interest expense (320) (320)
Other, net 678 2,031
Changes in operating assets and liabilities    
Change in accounts receivable 466 577
Change in other assets 45 (337)
Change in accounts payable and accrued expenses 7,150 5,434
Change in security deposits payable (1,265) 2,113
Change in other liabilities and deferred credits (1,586) 666
Net cash provided by operating activities 36,831 43,972
INVESTING ACTIVITIES    
Capital expenditures (20,932) (10,138)
Leasing commissions (1,505) (1,227)
Net cash used in investing activities (22,437) (11,365)
FINANCING ACTIVITIES    
Repayment of secured notes payable (19,909) (74,116)
Proceeds from unsecured line of credit 24,000 35,000
Debt issuance costs (415) (2,656)
Proceeds from issuance of common stock, net   (176)
Contributions from American Assets Trust, Inc. 7,034  
Dividends paid to common stock and unitholders (18,061) (17,388)
Net cash used in financing activities (7,351) (59,336)
Net (decrease) increase in cash and cash equivalents 7,043 (26,729)
Cash, cash equivalents, and restricted cash equivalents, beginning of period 57,272 91,954
Cash, cash equivalents, and restricted cash equivalents, end of period 64,315 65,225
Cash and cash equivalents 54,538 55,336
Restricted cash $ 9,777 $ 9,889