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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 23,491 $ 16,295
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Depreciation 23,200 25,829
Amortization of Deferred Financing Costs 778 873
Other Amortization, including Stock Based Compensation 8,112 8,104
Provision for Bad Debt 75 265
Gain on Sale of Real Estate (8,009) (7,251)
Loss from Retirement of Debt 1,653 0
Increase in Tenant Accounts Receivable, Prepaid Expenses and Other Assets, Net (4,147) (2,453)
Increase in Deferred Rent Receivable, Net (1,494) (1,839)
Decrease in Accounts Payable, Accrued Expenses, Other Liabilities, Rents Received in Advance and Security Deposits (3,571) (12,460)
Payments of Prepayment Penalties and Discounts Associated with Retirement of Debt (1,453) (554)
Net Cash Provided by Operating Activities 38,635 26,809
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions of Real Estate (15,074) (47,406)
Additions to Investment in Real Estate and Non-Acquisition Tenant Improvements and Lease Costs (34,910) (35,905)
Net Proceeds from Sales of Investments in Real Estate 19,916 15,393
Decrease in Escrows 2,399 19,477
Net Cash Used in Investing Activities (27,669) (48,441)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Financing Costs (13) (236)
Repurchase and Retirement of Restricted Stock/Units (2,401) (5,230)
Common Stock Dividends and Unit Distributions Paid (23,017) (14,705)
Repayments on Mortgage Loans Payable (38,896) (60,879)
Repayments of Senior Unsecured Notes 0 (159,125)
Proceeds from Unsecured Credit Facility 85,000 298,000
Repayments on Unsecured Credit Facility (22,500) (37,000)
Net Cash (Used in) Provided by Financing Activities (1,827) 20,825
Net Increase (Decrease) in Cash and Cash Equivalents 9,139 (807)
Cash and Cash Equivalents, Beginning of Year 9,859 3,987
Cash and Cash Equivalents, End of Period 18,998 3,180
SUPPLEMENTAL INFORMATION TO STATEMENTS OF CASH FLOWS:    
Interest Expense Capitalized in Connection with Development Activity 1,027 449
Supplemental Schedule of Non-Cash Investing and Financing Activities:    
Dividends and Distributions Payable 25,977  
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:    
Conversion of Limited Partner Units to Common Stock/General Partner Units 0 0
Assumption of Indebtedness and Other Liabilities in Connection with the Acquisition of Real Estate 0 5,082
Accounts Payable Related to Construction in Progress and Additions to Investment in Real Estate 22,186 16,151
Write-off of Fully Depreciated Assets (7,023) (14,457)
Noncontrolling Interest    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income 782  
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:    
Conversion of Limited Partner Units to Common Stock/General Partner Units 0 (98)
Additional Paid-in- Capital    
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:    
Conversion of Limited Partner Units to Common Stock/General Partner Units 0 98
Common Stock    
Supplemental Schedule of Non-Cash Investing and Financing Activities:    
Dividends and Distributions Payable 25,977 22,112
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:    
Conversion of Limited Partner Units to Common Stock/General Partner Units   98
First Industrial, L.P.    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income 23,491 16,295
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Depreciation 23,200 25,829
Amortization of Deferred Financing Costs 778 873
Other Amortization, including Stock Based Compensation 8,112 8,104
Provision for Bad Debt 75 265
Gain on Sale of Real Estate (8,009) (7,251)
Loss from Retirement of Debt 1,653 0
Increase in Tenant Accounts Receivable, Prepaid Expenses and Other Assets, Net (4,137) (2,423)
Increase in Deferred Rent Receivable, Net (1,494) (1,839)
Decrease in Accounts Payable, Accrued Expenses, Other Liabilities, Rents Received in Advance and Security Deposits (3,571) (12,460)
Payments of Prepayment Penalties and Discounts Associated with Retirement of Debt (1,453) (554)
Net Cash Provided by Operating Activities 38,645 26,839
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions of Real Estate (15,074) (47,406)
Additions to Investment in Real Estate and Non-Acquisition Tenant Improvements and Lease Costs (34,910) (35,905)
Net Proceeds from Sales of Investments in Real Estate 19,916 15,393
Decrease in Escrows 2,399 19,477
Net Cash Used in Investing Activities (27,669) (48,441)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Financing Costs (13) (236)
Repurchase and Retirement of Restricted Stock/Units (2,401) (5,230)
Common Stock Dividends and Unit Distributions Paid (23,017) (14,705)
Contributions from Noncontrolling Interests 7 3
Distributions to Noncontrolling Interests (17) (33)
Repayments on Mortgage Loans Payable (38,896) (60,879)
Repayments of Senior Unsecured Notes 0 (159,125)
Proceeds from Unsecured Credit Facility 85,000 298,000
Repayments on Unsecured Credit Facility (22,500) (37,000)
Net Cash (Used in) Provided by Financing Activities (1,837) 20,795
Net Increase (Decrease) in Cash and Cash Equivalents 9,139 (807)
Cash and Cash Equivalents, Beginning of Year 9,859 3,987
Cash and Cash Equivalents, End of Period 18,998 3,180
SUPPLEMENTAL INFORMATION TO STATEMENTS OF CASH FLOWS:    
Interest Expense Capitalized in Connection with Development Activity 1,027 449
Supplemental Schedule of Non-Cash Investing and Financing Activities:    
Dividends and Distributions Payable 25,977  
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:    
Conversion of Limited Partner Units to Common Stock/General Partner Units 0 0
Assumption of Indebtedness and Other Liabilities in Connection with the Acquisition of Real Estate 0 5,082
Accounts Payable Related to Construction in Progress and Additions to Investment in Real Estate 22,186 16,151
Write-off of Fully Depreciated Assets (7,023) (14,457)
First Industrial, L.P. | Limited Partner Units    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income 782  
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:    
Conversion of Limited Partner Units to Common Stock/General Partner Units 0 (98)
First Industrial, L.P. | General Partner Units    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income 22,682  
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:    
Conversion of Limited Partner Units to Common Stock/General Partner Units 0 98
First Industrial, L.P. | Common Stock    
Supplemental Schedule of Non-Cash Investing and Financing Activities:    
Dividends and Distributions Payable $ 25,977 $ 22,112