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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 62,344 $ 68,403
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Depreciation 46,751 49,084
Amortization of Deferred Financing Costs 1,558 1,655
Other Amortization, including Stock Based Compensation 14,939 14,892
Provision for Bad Debt 127 491
Gain on Sale of Real Estate (28,869) (44,026)
Loss from Retirement of Debt 1,653 0
Increase in Tenant Accounts Receivable, Prepaid Expenses and Other Assets, Net (938) 1,371
Increase in Deferred Rent Receivable, Net (2,936) (3,303)
Decrease in Accounts Payable, Accrued Expenses, Other Liabilities, Rents Received in Advance and Security Deposits (729) (13,889)
Payments of Prepayment Penalties and Discounts Associated with Retirement of Debt (1,453) (554)
Net Cash Provided by Operating Activities 92,447 74,124
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions of Real Estate (96,492) (71,223)
Additions to Investment in Real Estate and Non-Acquisition Tenant Improvements and Lease Costs (72,125) (67,176)
Net Proceeds from Sales of Investments in Real Estate 56,773 96,849
Decrease in Escrows 4,866 12,457
Net Cash Used in Investing Activities (106,978) (29,093)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Financing and Equity Issuance Costs 1,829 375
Proceeds from Issuance of Common Stock/Contribution of General Partner Units 74,880 124,936
Repurchase and Retirement of Restricted Stock/Units (2,401) (5,230)
Common Stock Dividends and Unit Distributions Paid (48,493) (36,658)
Repayments on Mortgage Loans Payable (41,507) (63,690)
Proceeds from Senior Unsecured Notes 200,000 0
Repayments of Senior Unsecured Notes (101,871) (159,125)
Proceeds from Unsecured Credit Facility 262,000 343,000
Repayments on Unsecured Credit Facility (324,500) (247,500)
Net Cash Provided by (Used in) Financing Activities 16,279 (44,642)
Net Increase (Decrease) in Cash and Cash Equivalents 1,748 389
Cash and Cash Equivalents, Beginning of Year 9,859 3,987
Cash and Cash Equivalents, End of Period 11,607 4,376
SUPPLEMENTAL INFORMATION TO STATEMENTS OF CASH FLOWS:    
Interest Expense Capitalized in Connection with Development Activity 1,907 1,319
Supplemental Schedule of Non-Cash Investing and Financing Activities:    
Dividends and Distributions Payable 26,715  
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:    
Conversion of Limited Partner Units to Common Stock/General Partner Units 0 0
Assumption of Indebtedness and Other Liabilities in Connection with the Acquisition of Real Estate 305 5,127
Accounts Payable Related to Construction in Progress and Additions to Investment in Real Estate 19,786 25,518
Write-off of Fully Depreciated Assets (15,295) (25,543)
Noncontrolling Interest    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income 2,073  
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:    
Conversion of Limited Partner Units to Common Stock/General Partner Units 0 (107)
Additional Paid-in- Capital    
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:    
Conversion of Limited Partner Units to Common Stock/General Partner Units 0 107
Common Stock    
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from Issuance of Common Stock/Contribution of General Partner Units 74,880  
Supplemental Schedule of Non-Cash Investing and Financing Activities:    
Dividends and Distributions Payable 26,715 23,284
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:    
Conversion of Limited Partner Units to Common Stock/General Partner Units   107
First Industrial, L.P.    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income 62,344 68,403
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Depreciation 46,751 49,084
Amortization of Deferred Financing Costs 1,558 1,655
Other Amortization, including Stock Based Compensation 14,939 14,892
Provision for Bad Debt 127 491
Gain on Sale of Real Estate (28,869) (44,026)
Loss from Retirement of Debt 1,653 0
Increase in Tenant Accounts Receivable, Prepaid Expenses and Other Assets, Net (876) 1,530
Increase in Deferred Rent Receivable, Net (2,936) (3,303)
Decrease in Accounts Payable, Accrued Expenses, Other Liabilities, Rents Received in Advance and Security Deposits (729) (13,889)
Payments of Prepayment Penalties and Discounts Associated with Retirement of Debt (1,453) (554)
Net Cash Provided by Operating Activities 92,509 74,283
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions of Real Estate (96,492) (71,223)
Additions to Investment in Real Estate and Non-Acquisition Tenant Improvements and Lease Costs (72,125) (67,176)
Net Proceeds from Sales of Investments in Real Estate 56,773 96,849
Decrease in Escrows 4,866 12,457
Net Cash Used in Investing Activities (106,978) (29,093)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Financing and Equity Issuance Costs 1,829 375
Proceeds from Issuance of Common Stock/Contribution of General Partner Units 74,880 124,936
Repurchase and Retirement of Restricted Stock/Units (2,401) (5,230)
Common Stock Dividends and Unit Distributions Paid (48,493) (36,658)
Contributions from Noncontrolling Interests 20 15
Distributions to Noncontrolling Interests (82) (174)
Repayments on Mortgage Loans Payable (41,507) (63,690)
Proceeds from Senior Unsecured Notes 200,000 0
Repayments of Senior Unsecured Notes (101,871) (159,125)
Proceeds from Unsecured Credit Facility 262,000 343,000
Repayments on Unsecured Credit Facility (324,500) (247,500)
Net Cash Provided by (Used in) Financing Activities 16,217 (44,801)
Net Increase (Decrease) in Cash and Cash Equivalents 1,748 389
Cash and Cash Equivalents, Beginning of Year 9,859 3,987
Cash and Cash Equivalents, End of Period 11,607 4,376
SUPPLEMENTAL INFORMATION TO STATEMENTS OF CASH FLOWS:    
Interest Expense Capitalized in Connection with Development Activity 1,907 1,319
Supplemental Schedule of Non-Cash Investing and Financing Activities:    
Dividends and Distributions Payable 26,715  
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:    
Conversion of Limited Partner Units to Common Stock/General Partner Units 0 0
Assumption of Indebtedness and Other Liabilities in Connection with the Acquisition of Real Estate 305 5,127
Accounts Payable Related to Construction in Progress and Additions to Investment in Real Estate 19,786 25,518
Write-off of Fully Depreciated Assets (15,295) (25,543)
First Industrial, L.P. | Limited Partner Units    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income 2,073  
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:    
Conversion of Limited Partner Units to Common Stock/General Partner Units 0 (107)
First Industrial, L.P. | General Partner Units    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income 60,218  
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:    
Conversion of Limited Partner Units to Common Stock/General Partner Units 0 107
First Industrial, L.P. | Common Stock    
Supplemental Schedule of Non-Cash Investing and Financing Activities:    
Dividends and Distributions Payable $ 26,715 $ 23,284