XML 68 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Statement of Cash Flows [Abstract]      
Net Income $ 37.4 $ 20.5 $ 23.5
Depreciation and amortization 41.7 35.1 34.8
Deferred income taxes (1.6) (6.3) (0.9)
Gains on asset transactions, net of impairment losses (52.8) (14.8) (33.2)
Share-based expense 4.2 5.4 4.8
Equity in (income) loss of affiliates, net of distributions (2.9) 8.4 8.4
Trade, contracts retention, and other receivables 3.3 0.1 3.7
Costs and estimated earnings in excess of billings on uncompleted contracts - net (1.9) 0 0
Inventories (2.7) 12.8 (6.2)
Prepaid expenses and other assets (0.4) (10.0) (4.3)
Accrued pension and post-retirement benefits 5.2 4.2 6.4
Accounts payable, contracts retention, and accrued liabilities (6.5) (1.5) (2.6)
Accrued and other liabilities 7.6 (14.2) (16.6)
Real estate inventory sales (real estate developments held for sale) 81.7 8.4 6.4
Expenditures for real estate inventory (real estate developments held for sale) (150.6) (37.2) (13.8)
Net cash provided by (used in) operations (38.3) 10.9 10.4
Cash Flows used in Investing Activities:      
Capital expenditures for property, plant and equipment (32.5) (45.4) (20.2)
Capital expenditures related to 1031 commercial property transactions (472.8) (9.4) (39.1)
Proceeds from investment tax credits and grants related to renewable energy projects 2.4 7.5 0
Proceeds from disposal of property and other assets 1.2 2.2 8.4
Proceeds from disposals related to 1031 commercial property transactions 330.8 18.8 44.7
Payments for purchases of investments in affiliates and preferred investment (43.4) (17.5) (28.0)
Proceeds from investments in affiliates 5.1 2.9 7.9
Change in restricted cash associated with 1031 transactions 3.2 (9.2) 0.2
Acquisition of business, net of cash (5.7) 0 0
Net cash used in investing activities (211.7) (50.1) (26.1)
Cash Flows from Financing Activities:      
Proceeds from issuances of long-term debt 585.0 134.0 147.0
Payments of long-term debt and deferred financing costs (380.3) (257.2) (145.9)
Proceeds (payments) from line-of-credit agreements, net 51.6 (6.0) 1.1
Distributions to Alexander & Baldwin Holdings, Inc.(a) 0 [1] (26.7) [1] (53.1) [1]
Contributions from Alexander & Baldwin Holdings, Inc.(a) 0 [1] 172.7 [1] 72.8 [1]
Distribution to non controlling interests (1.1) 0 0
Dividends paid (2.0) 0 0
Proceeds from issuance (repurchase) of capital stock and other, net (1.0) 11.8 0
Net cash provided by financing activities 252.2 28.6 21.9
Cash and Cash Equivalents:      
Net increase (decrease) for the period 2.2 (10.6) 6.2
Balance, beginning of year 1.1 11.7 5.5
Balance, end of year 3.3 1.1 11.7
Other Cash Flow Information:      
Interest paid, net of amounts capitalized (19.1) (14.9) (16.9)
Income taxes paid (12.0) (2.0) (26.0)
Other Non-cash Information:      
Acquisition of Grace (issuance of equity and indemnity holdback) 219.8 0 0
Mortgage debt assumed at fair value in real estate acquisitions 142.2 0 0
Property (net) acquired in connection with the consolidation of The Shops at Kukui'ula 39.0 0 0
Capital expenditures included in accounts payable and accrued expenses 6.6 12.2 6.8
Conversion of net investment of A&B Holdings into common stock 0 24.2 0
Conversion of net investment of A&B Holdings into common stock $ 0 $ 926.3 $ 0
[1] Refer to Note 4, “Related Party Transactions.”