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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
OPERATING ACTIVITIES    
Net income $ 27,184 $ 3,722
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred rent revenue and amortization of lease intangibles 2,562 2,096
Depreciation and amortization 43,165 66,147
Amortization of debt issuance costs and debt fair value adjustments 724 806
Gain on sale of real estate 633 0
Stock-based compensation expense 2,229 1,454
Lease termination income (4,518) 0
Other noncash interest expense (639) (639)
Other, net (380) 1,495
Changes in operating assets and liabilities    
Change in accounts receivable (177) 2,220
Change in other assets 1,305 755
Change in accounts payable and accrued expenses 3,453 1,749
Change in security deposits payable (1,380) 2,142
Change in other liabilities and deferred credits (2,726) 370
Net cash provided by operating activities 70,169 82,317
INVESTING ACTIVITIES    
Acquisition of real estate (507,780) 0
Capital expenditures (47,838) (20,353)
Proceeds from sale of real estate, net of selling costs 8,191 0
Leasing commissions (2,623) (3,057)
Net cash used in investing activities (550,050) (23,410)
FINANCING ACTIVITIES    
Repayment of secured notes payable (20,187) (74,476)
Proceeds from unsecured line of credit 59,000 35,000
Repayment of unsecured line of credit (28,000) (13,000)
Debt issuance costs (424) (2,656)
Proceeds from issuance of common stock, net 503,014  
Proceeds from issuance of common stock, net   (236)
Dividends paid to common stock and unitholders (36,314) (34,776)
Payment, Tax Withholding, Share-based Payment Arrangement 0 6
Net cash provided by (used in) financing activities 477,089 (90,150)
Net (decrease) increase in cash and cash equivalents (2,792) (31,243)
Cash, cash equivalents, and restricted cash equivalents, beginning of period 57,272 91,954
Cash, cash equivalents, and restricted cash equivalents, end of period 54,480 60,711
Cash and cash equivalents 44,778 51,326
Restricted cash 9,702 9,385
American Assets Trust, L.P.    
OPERATING ACTIVITIES    
Net income 27,184 3,722
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred rent revenue and amortization of lease intangibles 2,562 2,096
Depreciation and amortization 43,165 66,147
Amortization of debt issuance costs and debt fair value adjustments 724 806
Gain on sale of real estate 633 0
Stock-based compensation expense 2,229 1,454
Lease termination income (4,518) 0
Other noncash interest expense (639) (639)
Other, net (380) 1,495
Changes in operating assets and liabilities    
Change in accounts receivable (177) 2,220
Change in other assets 1,305 755
Change in accounts payable and accrued expenses 3,453 1,749
Change in security deposits payable (1,380) 2,142
Change in other liabilities and deferred credits (2,726) 370
Net cash provided by operating activities 70,169 82,317
INVESTING ACTIVITIES    
Acquisition of real estate (507,780) 0
Capital expenditures (47,838) (20,353)
Proceeds from sale of real estate, net of selling costs 8,191 0
Leasing commissions (2,623) (3,057)
Net cash used in investing activities (550,050) (23,410)
FINANCING ACTIVITIES    
Repayment of secured notes payable (20,187) (74,476)
Proceeds from unsecured line of credit 59,000 35,000
Repayment of unsecured line of credit (28,000) (13,000)
Debt issuance costs (424) (2,656)
Contributions from American Assets Trust, Inc. 503,014  
Proceeds from issuance of common stock, net   (236)
Dividends paid to common stock and unitholders (36,314) (34,776)
Payment, Tax Withholding, Share-based Payment Arrangement 0 6
Net cash provided by (used in) financing activities 477,089 (90,150)
Net (decrease) increase in cash and cash equivalents (2,792) (31,243)
Cash, cash equivalents, and restricted cash equivalents, beginning of period 57,272 91,954
Cash, cash equivalents, and restricted cash equivalents, end of period 54,480 60,711
Cash and cash equivalents 44,778 51,326
Restricted cash $ 9,702 $ 9,385