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Consolidated Statements of Cash Flows (Unaudited) - LP - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
OPERATING ACTIVITIES    
Net income $ 27,102 $ 13,220
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred rent revenue and amortization of lease intangibles (5,425) (8,938)
Depreciation and amortization 61,499 55,147
Amortization of debt issuance costs and debt discounts 1,279 1,156
Loss on early extinguishment of debt 0 4,271
Provision for uncollectable rental income (86) 776
Stock-based compensation expense 3,490 2,968
Unearned rents (1,714) (2,540)
Other, net (559) (554)
Changes in operating assets and liabilities    
Change in accounts receivable 314 70
Change in other assets (1,459) (4,419)
Change in accounts payable and accrued expenses (46) 14,540
Change in security deposits payable 474 139
Change in other liabilities and deferred credits 1,188 890
Net cash provided by operating activities 86,057 76,726
INVESTING ACTIVITIES    
Acquisition of real estate (45,167) 0
Capital expenditures (63,060) (35,526)
Leasing commissions (4,252) (1,528)
Purchases of marketable securities 0 (47,760)
Proceeds from the sale of marketable securities 0 47,723
Net cash used in investing activities (112,479) (37,091)
FINANCING ACTIVITIES    
Repayment of unsecured line of credit 0 (100,000)
Proceeds from unsecured notes payable 0 494,675
Repayment of unsecured notes payable 0 (155,375)
Debt issuance costs (3,245) (5,075)
Dividends paid to common stock and unitholders (49,092) (42,927)
Shares withheld for employee taxes (15) 0
Net cash (used in) provided by financing activities (52,352) 191,298
Net (decrease) increase in cash and cash equivalents (78,774) 230,933
Cash, cash equivalents and restricted cash, beginning of period 139,524 139,049
Cash, cash equivalents and restricted cash, end of period 60,750 369,982
Cash and cash equivalents 60,750 368,266
Restricted cash 0 1,716
Total cash, cash equivalents and restricted cash shown in the consolidated statement of cash flows 60,750 369,982
American Assets Trust, L.P.    
OPERATING ACTIVITIES    
Net income 27,102 13,220
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred rent revenue and amortization of lease intangibles (5,425) (8,938)
Depreciation and amortization 61,499 55,147
Amortization of debt issuance costs and debt discounts 1,279 1,156
Loss on early extinguishment of debt 0 4,271
Provision for uncollectable rental income (86) 776
Stock-based compensation expense 3,490 2,968
Unearned rents (1,714) (2,540)
Other, net (559) (554)
Changes in operating assets and liabilities    
Change in accounts receivable 314 70
Change in other assets (1,459) (4,419)
Change in accounts payable and accrued expenses (46) 14,540
Change in security deposits payable 474 139
Change in other liabilities and deferred credits 1,188 890
Net cash provided by operating activities 86,057 76,726
INVESTING ACTIVITIES    
Acquisition of real estate (45,167) 0
Capital expenditures (63,060) (35,526)
Leasing commissions (4,252) (1,528)
Purchases of marketable securities 0 (47,760)
Proceeds from the sale of marketable securities 0 47,723
Net cash used in investing activities (112,479) (37,091)
FINANCING ACTIVITIES    
Repayment of unsecured line of credit 0 (100,000)
Proceeds from unsecured notes payable 0 494,675
Repayment of unsecured notes payable 0 (155,375)
Debt issuance costs (3,245) (5,075)
Dividends paid to common stock and unitholders (49,092) (42,927)
Shares withheld for employee taxes (15) 0
Net cash (used in) provided by financing activities (52,352) 191,298
Net (decrease) increase in cash and cash equivalents (78,774) 230,933
Cash, cash equivalents and restricted cash, beginning of period 139,524 139,049
Cash, cash equivalents and restricted cash, end of period 60,750 369,982
Cash and cash equivalents 60,750 368,266
Restricted cash 0 1,716
Total cash, cash equivalents and restricted cash shown in the consolidated statement of cash flows $ 60,750 $ 369,982