Cash Flow Information

6 Months Ended

Jun. 30, 2018

Supplemental Cash Flow Elements [Abstract]

CASH FLOW INFORMATION

Cash paid for interest was $28.9 million (net of capitalized interest of $2.9 million) and $27.2 million (net of capitalized interest of $3.1 million) for the six months ended June 30, 2018 and 2017, respectively.

In our statement of cash flows, we show cash flows on our revolving facility on a net basis. Aggregate borrowings on our Revolving Facilities were $0.0 million and $202.0 million for the six months ended June 30, 2018 and 2017, respectively. Aggregate paydowns were $53.0 million and $297.0 million for the six months ended June 30, 2018 and 2017, respectively.

During the second quarter of 2018, we received the building and improvements formerly occupied by one of our tenants as part of the consideration for the termination of that tenant’s lease. We recorded non-cash lease termination income of $4.2 million in connection with this transaction, which we determined was the fair value of the building and improvements.

Paydowns of the 2014 5-Year Term Loan and the 2015 5-Year Term Loan of $150.0 million each were made in the six months ended June 30, 2018, which were directly paid from the 2018 Term Loan Facility borrowing and are considered to be non-cash transactions.

The following table provides a summary of cash, cash equivalents, and restricted cash reported within the statement of cash flows as of June 30, 2018 and June 30, 2017.



(in thousands of dollars)	June 30, 2018		June 30, 2017
Cash and cash equivalents	$	42,198	$	19,021
Restricted cash included in other assets	14,572		23,013
Total cash, cash equivalents, and restricted cash shown in the statement of cash flows	$	56,770	$	42,034

Our restricted cash consists of cash held in escrow by banks for real estate taxes and other purposes.