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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flow from operating activities:    
Consolidated net income (loss) $ 18,433 $ (9,281)
Adjustments to reconcile consolidated net income to net cash provided by operating activities:    
Straight-line rent (1,215) 3,271
Depreciation and amortization 92,587 98,471
Gain on sale of operating properties (27,517) (4,893)
Compensation expense for equity awards 5,667 4,175
Amortization of debt fair value adjustment (333) (333)
Amortization of in-place lease liabilities (1,432) (1,922)
Changes in assets and liabilities:    
Tenant receivables 8,449 (3,188)
Deferred costs and other assets (1,951) (4,967)
Accounts payable, accrued expenses, deferred revenue, and other liabilities 11,143 4,430
Net cash provided by operating activities 103,831 85,763
Cash flow from investing activities:    
Capital expenditures (36,935) (30,622)
Net proceeds from sales of land 47,706 5,490
Net proceeds from sales of properties 2,484 13,888
Investment in short-term deposits (125,000) 0
Small business loan repayments 541  
Small business loan funding   (2,139)
Change in construction payables 2,141 (2,550)
Net cash used in investing activities (109,063) (15,933)
Cash flow from financing activities:    
Proceeds from issuance of common shares, net 31 57
Repurchases of common shares upon the vesting of restricted shares (458) (999)
Purchase of capped calls (9,800) 0
Debt and equity issuance costs (6,017) 0
Loan proceeds 175,000 300,000
Loan payments (52,096) (251,770)
Distributions paid – common shareholders (42,576) (31,392)
Distributions paid – redeemable noncontrolling interests (1,639) (1,222)
Net cash provided by financing activities 62,445 14,674
Net change in cash, cash equivalents, and restricted cash 57,213 84,504
Cash, cash equivalents, and restricted cash beginning of period 46,586 52,813
Cash, cash equivalents, and restricted cash end of period 103,799 137,317
Non-cash investing and financing activities    
Exchange of redeemable noncontrolling interests for common shares 3,129 0
Net investment in sales-type lease 0 4,665
KRG, LP    
Cash flow from operating activities:    
Consolidated net income (loss) 18,433 (9,281)
Adjustments to reconcile consolidated net income to net cash provided by operating activities:    
Straight-line rent (1,215) 3,271
Depreciation and amortization 92,587 98,471
Gain on sale of operating properties (27,517) (4,893)
Compensation expense for equity awards 5,667 4,175
Amortization of debt fair value adjustment (333) (333)
Amortization of in-place lease liabilities (1,432) (1,922)
Changes in assets and liabilities:    
Tenant receivables 8,449 (3,188)
Deferred costs and other assets (1,951) (4,967)
Accounts payable, accrued expenses, deferred revenue, and other liabilities 11,143 4,430
Net cash provided by operating activities 103,831 85,763
Cash flow from investing activities:    
Capital expenditures (36,935) (30,622)
Net proceeds from sales of land 47,706 5,490
Net proceeds from sales of properties 2,484 13,888
Investment in short-term deposits (125,000) 0
Small business loan repayments 541  
Small business loan funding   (2,139)
Change in construction payables 2,141 (2,550)
Net cash used in investing activities (109,063) (15,933)
Cash flow from financing activities:    
Proceeds from issuance of common shares, net 31 57
Repurchases of common shares upon the vesting of restricted shares (458) (999)
Purchase of capped calls (9,800) 0
Debt and equity issuance costs (6,017) 0
Loan proceeds 175,000 300,000
Loan payments (52,096) (251,770)
Distributions paid – common shareholders (42,576) (31,392)
Distributions paid – redeemable noncontrolling interests (1,639) (1,222)
Net cash provided by financing activities 62,445 14,674
Net change in cash, cash equivalents, and restricted cash 57,213 84,504
Cash, cash equivalents, and restricted cash beginning of period 46,586 52,813
Cash, cash equivalents, and restricted cash end of period 103,799 137,317
Non-cash investing and financing activities    
Exchange of redeemable noncontrolling interests for common shares 3,129 0
Net investment in sales-type lease $ 0 $ 4,665