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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flow from operating activities:    
Consolidated net income (loss) $ 25,259 $ (4,654)
Adjustments to reconcile consolidated net income to net cash provided by operating activities:    
Straight-line rent (754) 3,091
Depreciation and amortization 61,751 64,051
Gain on sale of operating properties (26,258) (1,666)
Compensation expense for equity awards 3,587 2,586
Amortization of debt fair value adjustment (222) (222)
Amortization of in-place lease liabilities (902) (1,365)
Changes in assets and liabilities:    
Tenant receivables 6,815 (7,562)
Deferred costs and other assets (781) (3,147)
Accounts payable, accrued expenses, deferred revenue, and other liabilities (1,096) (1,274)
Net cash provided by operating activities 67,399 49,838
Cash flow from investing activities:    
Capital expenditures (21,194) (22,390)
Net proceeds from sales of land 41,128 5,490
Net proceeds from sales of properties 2,484 0
Investment in short-term deposits (125,000) 0
Small business loan repayments 371  
Small business loan funding   (2,139)
Change in construction payables 2,745 (1,579)
Net cash used in investing activities (99,466) (20,618)
Cash flow from financing activities:    
Proceeds from issuance of common shares, net 31 39
Repurchases of common shares upon the vesting of restricted shares (458) (1,002)
Purchase of capped calls (9,800) 0
Debt and equity issuance costs (5,274) 0
Loan proceeds 175,000 300,000
Loan payments (51,518) (101,276)
Distributions paid – common shareholders (27,355) (27,010)
Distributions paid – redeemable noncontrolling interests (1,065) (974)
Net cash provided by financing activities 79,561 169,777
Net change in cash, cash equivalents, and restricted cash 47,494 198,997
Cash, cash equivalents, and restricted cash beginning of period 46,586 52,813
Cash, cash equivalents, and restricted cash end of period 94,080 251,810
Non-cash investing and financing activities    
Exchange of redeemable noncontrolling interests for common shares 2,592 0
Net investment in sales-type lease 0 4,665
KRG, LP    
Cash flow from operating activities:    
Consolidated net income (loss) 25,259 (4,654)
Adjustments to reconcile consolidated net income to net cash provided by operating activities:    
Straight-line rent (754) 3,091
Depreciation and amortization 61,751 64,051
Gain on sale of operating properties (26,258) (1,666)
Compensation expense for equity awards 3,587 2,586
Amortization of debt fair value adjustment (222) (222)
Amortization of in-place lease liabilities (902) (1,365)
Changes in assets and liabilities:    
Tenant receivables 6,815 (7,562)
Deferred costs and other assets (781) (3,147)
Accounts payable, accrued expenses, deferred revenue, and other liabilities (1,096) (1,274)
Net cash provided by operating activities 67,399 49,838
Cash flow from investing activities:    
Capital expenditures (21,194) (22,390)
Net proceeds from sales of land 41,128 5,490
Net proceeds from sales of properties 2,484 0
Investment in short-term deposits (125,000) 0
Small business loan repayments 371  
Small business loan funding   (2,139)
Change in construction payables 2,745 (1,579)
Net cash used in investing activities (99,466) (20,618)
Cash flow from financing activities:    
Proceeds from issuance of common shares, net 31 39
Repurchases of common shares upon the vesting of restricted shares (458) (1,002)
Purchase of capped calls (9,800) 0
Debt and equity issuance costs (5,274) 0
Loan proceeds 175,000 300,000
Loan payments (51,518) (101,276)
Distributions paid – common shareholders (27,355) (27,010)
Distributions paid – redeemable noncontrolling interests (1,065) (974)
Net cash provided by financing activities 79,561 169,777
Net change in cash, cash equivalents, and restricted cash 47,494 198,997
Cash, cash equivalents, and restricted cash beginning of period 46,586 52,813
Cash, cash equivalents, and restricted cash end of period 94,080 251,810
Non-cash investing and financing activities    
Exchange of redeemable noncontrolling interests for common shares 2,592 0
Net investment in sales-type lease $ 0 $ 4,665