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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash Flows From Operating Activities    
Net income $ 19,145 $ 16,705
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 40,846 39,227
Amortization of deferred financing costs and debt premiums and discount 225 220
Amortization of acquired above- and below-market leases, net (1,428) (4,231)
Amortization of acquired below-market ground leases 1,958 1,957
Straight-lining of rental revenue (5,931) (5,081)
Equity based compensation 3,154 2,097
Unrealized loss from derivative financial instruments 104 0
Increase (decrease) in cash flows due to changes in operating assets and liabilities:    
Restricted cash (879) 1,474
Tenant and other receivables 1,963 3,954
Deferred leasing costs (7,733) (6,335)
Prepaid expenses and other assets 17,867 20,553
Accounts payable and accrued expenses (8,141) (6,415)
Deferred revenue and other liabilities (1,115) (4,586)
Net cash provided by operating activities 60,035 59,539
Cash Flows From Investing Activities    
Decrease (increase) in restricted cash for investing activities (56) 5,081
Development costs (26) (433)
Additions to building and improvements (47,040) (28,752)
Net cash used in investing activities (47,122) (24,104)
Cash Flows From Financing Activities    
Proceeds from mortgage notes payable 0 50,000
Repayment of mortgage notes payable (3,167) (23,252)
Repayments of unsecured revolving credit facility 0 (40,000)
Deferred financing costs (45) (1,286)
Distributions (31,630) (23,142)
Net cash used in financing activities (34,842) (37,680)
Net decrease in cash and cash equivalents (21,929) (2,245)
Cash and cash equivalents—beginning of period 554,371 46,685
Cash and cash equivalents—end of period 532,442 44,440
Supplemental disclosures of cash flow information:    
Cash paid for interest 19,073 18,909
Cash paid for income taxes 507 657
Non-cash investing and financing activities:    
Building and improvements included in accounts payable and accrued expenses 67,614 45,594
Derivative instruments at fair values included in prepaid expenses and other assets 1,547 0
Derivative instruments at fair values included in accounts payable and accrued expenses 5,234 19,371
Conversion of limited partners' operating partnership units to ESRT partner's capital $ 7,809 $ 6,863