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Consolidated Statements of Cash Flows (Unaudited) - LP - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
OPERATING ACTIVITIES    
Net income $ 43,471 $ 26,115
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred rent revenue and amortization of lease intangibles (8,766) (13,536)
Depreciation and amortization 93,228 85,827
Amortization of debt issuance costs and debt discounts 1,930 1,734
Loss on early extinguishment of debt 0 4,271
Provision for uncollectable rental income (31) (934)
Stock-based compensation expense 5,491 4,452
Other noncash interest expense (825) (824)
Other, net 684 (927)
Changes in operating assets and liabilities    
Change in accounts receivable (1,072) 941
Change in other assets (1,115) 225
Change in accounts payable and accrued expenses 5,753 20,589
Change in security deposits payable 777 584
Change in other liabilities and deferred credits 1,367 1,115
Net cash provided by operating activities 140,892 129,632
INVESTING ACTIVITIES    
Acquisition of real estate (45,167) (204,511)
Capital expenditures (88,314) (56,772)
Leasing commissions (6,153) (2,025)
Purchases of marketable securities 0 (47,760)
Proceeds from the sale of marketable securities 0 47,723
Net cash used in investing activities (139,634) (263,345)
FINANCING ACTIVITIES    
Issuance of secured notes payable 75,000 0
Repayment of secured notes payable (111,000) 0
Proceeds from unsecured line of credit 36,000 0
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 (3,697) (5,075)
Dividends paid to common stock and unitholders (73,639) (65,922)
Shares withheld for employee taxes (15) 0
Net cash (used in) provided by financing activities (77,351) 168,303
Net (decrease) increase in cash and cash equivalents (76,093) 34,590
Cash, cash equivalents and restricted cash, beginning of period 139,524 139,049
Cash, cash equivalents and restricted cash, end of period 63,431 173,639
Cash and cash equivalents 63,431 171,923
Restricted cash 0 1,716
Total cash, cash equivalents and restricted cash shown in the consolidated statement of cash flows 63,431 173,639
American Assets Trust, L.P.    
OPERATING ACTIVITIES    
Net income 43,471 26,115
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred rent revenue and amortization of lease intangibles (8,766) (13,536)
Depreciation and amortization 93,228 85,827
Amortization of debt issuance costs and debt discounts 1,930 1,734
Loss on early extinguishment of debt 0 4,271
Provision for uncollectable rental income (31) (934)
Stock-based compensation expense 5,491 4,452
Other noncash interest expense (825) (824)
Other, net 684 (927)
Changes in operating assets and liabilities    
Change in accounts receivable (1,072) 941
Change in other assets (1,115) 225
Change in accounts payable and accrued expenses 5,753 20,589
Change in security deposits payable 777 584
Change in other liabilities and deferred credits 1,367 1,115
Net cash provided by operating activities 140,892 129,632
INVESTING ACTIVITIES    
Acquisition of real estate (45,167) (204,511)
Capital expenditures (88,314) (56,772)
Leasing commissions (6,153) (2,025)
Purchases of marketable securities 0 (47,760)
Proceeds from the sale of marketable securities 0 47,723
Net cash used in investing activities (139,634) (263,345)
FINANCING ACTIVITIES    
Issuance of secured notes payable 75,000 0
Repayment of secured notes payable (111,000) 0
Proceeds from unsecured line of credit 36,000 0
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 (3,697) (5,075)
Dividends paid to common stock and unitholders (73,639) (65,922)
Shares withheld for employee taxes (15) 0
Net cash (used in) provided by financing activities (77,351) 168,303
Net (decrease) increase in cash and cash equivalents (76,093) 34,590
Cash, cash equivalents and restricted cash, beginning of period 139,524 139,049
Cash, cash equivalents and restricted cash, end of period 63,431 173,639
Cash and cash equivalents 63,431 171,923
Restricted cash 0 1,716
Total cash, cash equivalents and restricted cash shown in the consolidated statement of cash flows $ 63,431 $ 173,639