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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flow from operating activities:    
Consolidated net income $ 25,355 $ 130
Adjustments to reconcile consolidated net income to net cash provided by operating activities:    
Straight-line rent 12 2,546
Depreciation and amortization 31,212 32,051
Gain on sale of operating properties (26,207) (1,043)
Compensation expense for equity awards 1,702 1,024
Amortization of debt fair value adjustment (111) (111)
Amortization of in-place lease liabilities (479) (598)
Changes in assets and liabilities:    
Tenant receivables 3,806 2,627
Deferred costs and other assets (3,178) (4,793)
Accounts payable, accrued expenses, deferred revenue, and other liabilities (807) (9,960)
Net cash provided by operating activities 31,305 21,873
Cash flow from investing activities:    
Capital expenditures (7,864) (13,178)
Net proceeds from sales of land 39,933 5,490
Net proceeds from sales of properties 2,484 0
Small business loan repayments 212 0
Change in construction payables (883) 594
Net cash provided by (used in) investing activities 33,882 (7,094)
Cash flow from financing activities:    
Proceeds from issuance of common shares, net 17 21
Repurchases of common shares upon the vesting of restricted shares (452) (1,002)
Purchase of capped calls (9,800) 0
Debt and equity issuance costs (4,937) 0
Loan proceeds 175,000 300,000
Loan payments (25,568) (549)
Distributions paid – common shareholders (12,992) (298)
Distributions paid – redeemable noncontrolling interests (511) (132)
Net cash provided by financing activities 120,757 298,040
Net change in cash, cash equivalents, and restricted cash 185,944 312,819
Cash, cash equivalents, and restricted cash beginning of period 46,586 52,813
Cash, cash equivalents, and restricted cash end of period 232,530 365,632
KRG, LP    
Cash flow from operating activities:    
Consolidated net income 25,355 130
Adjustments to reconcile consolidated net income to net cash provided by operating activities:    
Straight-line rent 12 2,546
Depreciation and amortization 31,212 32,051
Gain on sale of operating properties (26,207) (1,043)
Compensation expense for equity awards 1,702 1,024
Amortization of debt fair value adjustment (111) (111)
Amortization of in-place lease liabilities (479) (598)
Changes in assets and liabilities:    
Tenant receivables 3,806 2,627
Deferred costs and other assets (3,178) (4,793)
Accounts payable, accrued expenses, deferred revenue, and other liabilities (807) (9,960)
Net cash provided by operating activities 31,305 21,873
Cash flow from investing activities:    
Capital expenditures (7,864) (13,178)
Net proceeds from sales of land 39,933 5,490
Net proceeds from sales of properties 2,484 0
Small business loan repayments 212 0
Change in construction payables (883) 594
Net cash provided by (used in) investing activities 33,882 (7,094)
Cash flow from financing activities:    
Proceeds from issuance of common shares, net 17 21
Repurchases of common shares upon the vesting of restricted shares (452) (1,002)
Purchase of capped calls (9,800) 0
Debt and equity issuance costs (4,937) 0
Loan proceeds 175,000 300,000
Loan payments (25,568) (549)
Distributions paid – common shareholders (12,992) (298)
Distributions paid – redeemable noncontrolling interests (511) (132)
Net cash provided by financing activities 120,757 298,040
Net change in cash, cash equivalents, and restricted cash 185,944 312,819
Cash, cash equivalents, and restricted cash beginning of period 46,586 52,813
Cash, cash equivalents, and restricted cash end of period $ 232,530 $ 365,632