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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net (loss) income $ (16,826) $ 25,355
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 123,289 31,212
Gain on sales of operating properties, net (3,168) (26,207)
Straight-line rent (4,031) 12
Compensation expense for equity awards 2,624 1,702
Amortization of debt fair value adjustments (3,446) (111)
Amortization of in-place lease liabilities (583) (479)
Changes in assets and liabilities:    
Tenant receivables 2,446 3,806
Deferred costs and other assets 95 (3,178)
Accounts payable, accrued expenses, deferred revenue and other liabilities (50,817) (807)
Net cash provided by operating activities 49,583 31,305
Cash flows from investing activities:    
Acquisition of interests in properties (44,262) 0
Capital expenditures (23,752) (7,864)
Net proceeds from sales of land 0 39,933
Net proceeds from sales of operating properties 6,904 2,484
Small business loan repayments 226 212
Change in construction payables (1,299) (883)
Net cash (used in) provided by investing activities (62,183) 33,882
Cash flows from financing activities:    
Proceeds from issuance of common shares, net 14 17
Repurchases of common shares upon the vesting of restricted shares (939) (452)
Purchase of capped calls 0 (9,800)
Debt and equity issuance costs (263) (4,937)
Loan proceeds 80,000 175,000
Loan payments (42,201) (25,568)
Distributions paid – common shareholders (41,600) (12,992)
Distributions paid – redeemable noncontrolling interests (584) (511)
Net cash (used in) provided by financing activities (5,573) 120,757
Net change in cash, cash equivalents and restricted cash (18,173) 185,944
Cash, cash equivalents and restricted cash, beginning of period 100,363 46,586
Cash, cash equivalents and restricted cash, end of period 82,190 232,530
Non-cash investing and financing activities    
Exchange of redeemable noncontrolling interests for common shares 0 2,062
Kite Realty Group, L.P.    
Cash flows from operating activities:    
Net (loss) income (16,826) 25,355
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 123,289 31,212
Gain on sales of operating properties, net (3,168) (26,207)
Straight-line rent (4,031) 12
Compensation expense for equity awards 2,624 1,702
Amortization of debt fair value adjustments (3,446) (111)
Amortization of in-place lease liabilities (583) (479)
Changes in assets and liabilities:    
Tenant receivables 2,446 3,806
Deferred costs and other assets 95 (3,178)
Accounts payable, accrued expenses, deferred revenue and other liabilities (50,817) (807)
Net cash provided by operating activities 49,583 31,305
Cash flows from investing activities:    
Acquisition of interests in properties (44,262) 0
Capital expenditures (23,752) (7,864)
Net proceeds from sales of land 0 39,933
Net proceeds from sales of operating properties 6,904 2,484
Small business loan repayments 226 212
Change in construction payables (1,299) (883)
Net cash (used in) provided by investing activities (62,183) 33,882
Cash flows from financing activities:    
Proceeds from issuance of common shares, net 14 17
Repurchases of common shares upon the vesting of restricted shares (939) (452)
Purchase of capped calls 0 (9,800)
Debt and equity issuance costs (263) (4,937)
Loan proceeds 80,000 175,000
Loan payments (42,201) (25,568)
Distributions paid – common shareholders (41,600) (12,992)
Distributions paid – redeemable noncontrolling interests (584) (511)
Net cash (used in) provided by financing activities (5,573) 120,757
Net change in cash, cash equivalents and restricted cash (18,173) 185,944
Cash, cash equivalents and restricted cash, beginning of period 100,363 46,586
Cash, cash equivalents and restricted cash, end of period 82,190 232,530
Non-cash investing and financing activities    
Exchange of redeemable noncontrolling interests for common shares $ 0 $ 2,062