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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 25,141 $ 42,557
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 73,041 73,367
Amortization of deferred financing costs and mortgage premiums, net 1,623 1,553
Straight-line rent adjustment (563) (2,650)
Amortization of above and below market rent (10,756) (13,025)
Amortization relating to stock based compensation 6,365 6,124
Provisions for tenant credit losses 8,808 1,654
Other noncash interest expense 220 450
Gain on sale of real estate 0 (13,175)
Change in operating assets and liabilities:    
Tenant and other receivables (18,718) 848
Prepaid expenses 1,885 2,950
Accounts payable and accrued expenses 11,807 12,912
Other assets and liabilities, net (5,927) (2,330)
Net cash provided by operating activities 92,926 111,235
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale of real estate 0 45,388
Improvements to properties (24,839) (28,072)
Proceeds on repayment of mortgage note receivable 8,020 0
Net cash (used in) provided by investing activities (16,819) 17,316
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal repayments on mortgages (429) (410)
Proceeds from draws on credit facility 160,000 51,000
Payments on credit facility (140,500) (115,000)
Redemption of OP Units (1,999) (3,028)
Distributions to OP Unitholders (2,187) (6,722)
Deferred financing and other costs (1,130) 0
Proceeds from the sale of common stock 0 16,351
Repurchase of common stock (8,846) 0
Registration expenditures (356) (272)
Dividends paid to common shareholders (23,398) (67,804)
Common shares issued under the Equity Incentive Plan 0 512
Shares withheld for employee taxes (2,272) (1,986)
Net cash used in financing activities (21,117) (127,359)
Net increase in cash, cash equivalents and restricted cash 54,990 1,192
Cash, cash equivalents and restricted cash at beginning of period 5,458 7,449
Cash, cash equivalents and restricted cash at end of period 60,448 8,641
Other non-cash investing and financing activities increase (decrease):    
Interest rate swap asset 0 (4,931)
Interest rate swap liabilities 7,112 4,729
Accrued real estate improvement costs 3,478 1,276
Equity Redemption of OP Units 18,287 1,472
Disposition of real estate through issuance of mortgage note 0 13,250
Reconciliation of cash, cash equivalents and restricted cash [Abstract]    
Cash and cash equivalents 58,458 6,608
Total cash, cash equivalents and restricted cash shown in Statements of Cash Flows 60,448 8,641
Retail Opportunity Investments Partnership L.P.    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income 25,141 42,557
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 73,041 73,367
Amortization of deferred financing costs and mortgage premiums, net 1,623 1,553
Straight-line rent adjustment (563) (2,650)
Amortization of above and below market rent (10,756) (13,025)
Amortization relating to stock based compensation 6,365 6,124
Provisions for tenant credit losses 8,808 1,654
Other noncash interest expense 220 450
Gain on sale of real estate 0 (13,175)
Change in operating assets and liabilities:    
Tenant and other receivables (18,718) 848
Prepaid expenses 1,885 2,950
Accounts payable and accrued expenses 11,807 12,912
Other assets and liabilities, net (5,927) (2,330)
Net cash provided by operating activities 92,926 111,235
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale of real estate 0 45,388
Improvements to properties (24,839) (28,072)
Proceeds on repayment of mortgage note receivable 8,020 0
Net cash (used in) provided by investing activities (16,819) 17,316
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal repayments on mortgages (429) (410)
Proceeds from draws on credit facility 160,000 51,000
Payments on credit facility (140,500) (115,000)
Redemption of OP Units (1,999) (3,028)
Distributions to OP Unitholders (25,585) (74,526)
Deferred financing and other costs (1,130) 0
Proceeds from the sale of common stock 0 16,351
Registration expenditures (356) (272)
Common shares issued under the Equity Incentive Plan 0 512
Shares withheld for employee taxes (2,272) (1,986)
Net cash used in financing activities (21,117) (127,359)
Net increase in cash, cash equivalents and restricted cash 54,990 1,192
Cash, cash equivalents and restricted cash at beginning of period 5,458 7,449
Cash, cash equivalents and restricted cash at end of period 60,448 8,641
Other non-cash investing and financing activities increase (decrease):    
Interest rate swap asset 0 (4,931)
Interest rate swap liabilities 7,112 4,729
Accrued real estate improvement costs 3,478 1,276
Equity Redemption of OP Units 18,287 1,472
Disposition of real estate through issuance of mortgage note 0 13,250
Reconciliation of cash, cash equivalents and restricted cash [Abstract]    
Cash and cash equivalents 58,458 6,608
Total cash, cash equivalents and restricted cash shown in Statements of Cash Flows $ 60,448 $ 8,641