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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:        
Consolidated net loss $ (4,627) $ (20,117) $ (9,281) $ (15,826)
Adjustments to reconcile consolidated net loss to net cash provided by operating activities:        
Straight-line rent     3,271 (1,383)
Depreciation and amortization     98,471 103,461
Gain on sale of operating properties (3,226) 5,714 (4,893) (24,965)
Impairment charge     0 37,723
Compensation expense for equity awards     4,175 4,016
Amortization of debt fair value adjustment     (333) (1,330)
Loss on debt extinguishment 0 7,045 0 9,622
Amortization of in-place lease liabilities     (1,922) (2,982)
Changes in assets and liabilities:        
Tenant receivables     (3,188) 6,597
Deferred costs and other assets     (4,967) (9,106)
Accounts payable, accrued expenses, deferred revenue, and other liabilities     4,430 340
Net cash provided by operating activities     85,763 106,167
Cash flow from investing activities:        
Acquisitions of interests in properties     0 (58,206)
Capital expenditures     (30,622) (37,606)
Net proceeds from sales of land     5,490 0
Net proceeds from sales of properties     13,888 460,694
Small business loan funding     (2,139) 0
Change in construction payables     (2,550) (1,109)
Net cash (used in) provided by investing activities     (15,933) 363,773
Cash flow from financing activities:        
Proceeds from issuance of common shares, net     57 127
Repurchases of common shares upon the vesting of restricted shares     (999) (480)
Loan proceeds     300,000 75,000
Debt extinguishment costs     0 (12,212)
Loan payments     (251,770) (418,263)
Distributions paid – common shareholders/unitholders     (31,392) (106,592)
Distributions paid – redeemable noncontrolling interests     (1,222) (3,036)
Net cash provided by (used in) financing activities     14,674 (465,456)
Net change in cash, cash equivalents, and restricted cash     84,504 4,484
Cash, cash equivalents, and restricted cash beginning of period     52,813 45,506
Cash, cash equivalents, and restricted cash end of period 137,317 49,990 137,317 49,990
Non-cash investing activities        
Net investment in sales-type lease     4,665 0
KRG, LP        
Cash flows from operating activities:        
Consolidated net loss (4,627) (20,117) (9,281) (15,826)
Adjustments to reconcile consolidated net loss to net cash provided by operating activities:        
Straight-line rent     3,271 (1,383)
Depreciation and amortization     98,471 103,461
Gain on sale of operating properties (3,226) 5,714 (4,893) (24,965)
Impairment charge     0 37,723
Compensation expense for equity awards     4,175 4,016
Amortization of debt fair value adjustment     (333) (1,330)
Loss on debt extinguishment 0 7,045 0 9,622
Amortization of in-place lease liabilities     (1,922) (2,982)
Changes in assets and liabilities:        
Tenant receivables     (3,188) 6,597
Deferred costs and other assets     (4,967) (9,106)
Accounts payable, accrued expenses, deferred revenue, and other liabilities     4,430 340
Net cash provided by operating activities     85,763 106,167
Cash flow from investing activities:        
Acquisitions of interests in properties     0 (58,206)
Capital expenditures     (30,622) (37,606)
Net proceeds from sales of land     5,490 0
Net proceeds from sales of properties     13,888 460,694
Small business loan funding     (2,139) 0
Change in construction payables     (2,550) (1,109)
Net cash (used in) provided by investing activities     (15,933) 363,773
Cash flow from financing activities:        
Proceeds from issuance of common shares, net     57 127
Repurchases of common shares upon the vesting of restricted shares     (999) (480)
Loan proceeds     300,000 75,000
Debt extinguishment costs     0 (12,212)
Loan payments     (251,770) (418,263)
Distributions paid – common shareholders/unitholders     (31,392) (106,592)
Distributions paid – redeemable noncontrolling interests     (1,222) (3,036)
Net cash provided by (used in) financing activities     14,674 (465,456)
Net change in cash, cash equivalents, and restricted cash     84,504 4,484
Cash, cash equivalents, and restricted cash beginning of period     52,813 45,506
Cash, cash equivalents, and restricted cash end of period $ 137,317 $ 49,990 137,317 49,990
Non-cash investing activities        
Net investment in sales-type lease     $ 4,665 $ 0