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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Consolidated net loss $ (81,722) $ (16,123) $ (2)
Adjustments to reconcile consolidated net loss to net cash provided by operating activities:      
Gain on sales of operating properties, net (31,209) (4,733) (38,971)
Impairment charges 0 0 37,723
Loss on debt extinguishment 0 0 11,572
Straight-line rent (5,391) 3,131 (2,158)
Depreciation and amortization 203,142 130,783 134,860
Compensation expense for equity awards 6,697 5,998 5,375
Amortization of debt fair value adjustments (2,993) (444) (1,467)
Amortization of in-place lease liabilities (2,611) (3,822) (3,776)
Changes in assets and liabilities:      
Tenant receivables (3,102) (3,062) 3,170
Deferred costs and other assets 6,857 (7,618) (6,265)
Accounts payable, accrued expenses, deferred revenue, and other liabilities 10,683 (8,595) (2,099)
Net cash provided by operating activities 100,351 95,515 137,962
Cash flows from investing activities:      
Cash and restricted cash acquired in the Merger 14,992 0 0
Acquisitions of interests in properties (10,445) (65,298) (58,205)
Capital expenditures (57,313) (38,266) (53,278)
Net proceeds from sales of land 54,157 9,134 0
Net proceeds from sales of operating properties 26,556 13,888 529,417
Investment in short-term deposits (125,000) 0 0
Small business loan repayments 712    
Small business loan funding   (2,199) 0
Change in construction payables 4,413 2,442 (542)
Distribution from unconsolidated joint venture 1,029 0 0
Capital contribution to unconsolidated joint venture (134) (541) (798)
Net cash (used in) provided by investing activities (91,033) (80,840) 416,594
Cash flows from financing activities:      
Proceeds from issuance of common shares, net 31 72 350
Repurchases of common shares upon the vesting of restricted shares (15,031) (1,336) (533)
Purchase of capped calls (9,800) 0 0
Debt and equity issuance costs (8,141) 0 0
Loan proceeds 215,000 325,000 75,000
Loan payments (77,591) (302,477) (470,515)
Debt extinguishment costs 0 0 (14,455)
Distributions paid – common shareholders (57,801) (38,128) (133,258)
Distributions paid – redeemable noncontrolling interests (2,208) (1,533) (3,838)
Acquisition of partner's interest in Pan Am Plaza joint venture 0 (2,500) 0
Net cash provided by (used in) financing activities 44,459 (20,902) (547,249)
Net change in cash, cash equivalents and restricted cash 53,777 (6,227) 7,307
Cash, cash equivalents, and restricted cash, beginning of period 46,586 52,813 45,506
Cash, cash equivalents, and restricted cash, end of period 100,363 46,586 52,813
Supplemental disclosures      
Cash paid for interest, net of capitalized interest 59,552 50,387 60,534
Non-cash investing and financing activities      
Exchange of redeemable noncontrolling interests for common shares 4,236 0 0
Net investment in sales-type lease 0 4,665 0
Kite Realty Group, L.P.      
Cash flows from operating activities:      
Consolidated net loss (81,722) (16,123) (2)
Adjustments to reconcile consolidated net loss to net cash provided by operating activities:      
Gain on sales of operating properties, net (31,209) (4,733) (38,971)
Impairment charges 0 0 37,723
Loss on debt extinguishment 0 0 11,572
Straight-line rent (5,391) 3,131 (2,158)
Depreciation and amortization 203,142 130,783 134,860
Compensation expense for equity awards 6,697 5,998 5,375
Amortization of debt fair value adjustments (2,993) (444) (1,467)
Amortization of in-place lease liabilities (2,611) (3,822) (3,776)
Changes in assets and liabilities:      
Tenant receivables (3,102) (3,062) 3,170
Deferred costs and other assets 6,857 (7,618) (6,265)
Accounts payable, accrued expenses, deferred revenue, and other liabilities 10,683 (8,595) (2,099)
Net cash provided by operating activities 100,351 95,515 137,962
Cash flows from investing activities:      
Cash and restricted cash acquired in the Merger 14,992 0 0
Acquisitions of interests in properties (10,445) (65,298) (58,205)
Capital expenditures (57,313) (38,266) (53,278)
Net proceeds from sales of land 54,157 9,134 0
Net proceeds from sales of operating properties 26,556 13,888 529,417
Investment in short-term deposits (125,000) 0 0
Small business loan repayments 712    
Small business loan funding   (2,199) 0
Change in construction payables 4,413 2,442 (542)
Distribution from unconsolidated joint venture 1,029 0 0
Capital contribution to unconsolidated joint venture (134) (541) (798)
Net cash (used in) provided by investing activities (91,033) (80,840) 416,594
Cash flows from financing activities:      
Proceeds from issuance of common shares, net 31 72 350
Repurchases of common shares upon the vesting of restricted shares (15,031) (1,336) (533)
Purchase of capped calls (9,800) 0 0
Debt and equity issuance costs (8,141) 0 0
Loan proceeds 215,000 325,000 75,000
Loan payments (77,591) (302,477) (470,515)
Debt extinguishment costs 0 0 (14,455)
Distributions paid – common shareholders (57,801) (38,128) (133,258)
Distributions paid – redeemable noncontrolling interests (2,208) (1,533) (3,838)
Acquisition of partner's interest in Pan Am Plaza joint venture 0 (2,500) 0
Net cash provided by (used in) financing activities 44,459 (20,902) (547,249)
Net change in cash, cash equivalents and restricted cash 53,777 (6,227) 7,307
Cash, cash equivalents, and restricted cash, beginning of period 46,586 52,813 45,506
Cash, cash equivalents, and restricted cash, end of period 100,363 46,586 52,813
Supplemental disclosures      
Cash paid for interest, net of capitalized interest 59,552 50,387 60,534
Non-cash investing and financing activities      
Exchange of redeemable noncontrolling interests for common shares 4,236 0 0
Net investment in sales-type lease $ 0 $ 4,665 $ 0