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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 115,398 $ 107,000
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Depreciation 69,397 70,697
Amortization of Debt Issuance Costs 2,550 2,336
Other Amortization, including Stock Based Compensation 20,516 22,059
Impairment of Real Estate 2,756 0
Provision for Bad Debt 267 181
Equity in Loss of Joint Venture 199 0
Gain on Sale of Real Estate (53,291) (52,140)
Loss from Retirement of Debt 39 1,653
Mark-to-Market Gain on Interest Rate Protection Agreements 0 (1,848)
Increase in Tenant Accounts Receivable, Prepaid Expenses and Other Assets, Net (5,639) (6,792)
Increase in Deferred Rent Receivable, Net (1,329) (4,104)
Increase in Accounts Payable, Accrued Expenses, Other Liabilities, Rents Received in Advance and Security Deposits 172 9,152
Net Cash Provided by Operating Activities 151,035 148,194
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions of Real Estate (91,799) (160,065)
Additions to Investment in Real Estate and Non-Acquisition Tenant Improvements and Lease Costs (168,681) (104,658)
Net Proceeds from Sales of Investments in Real Estate 116,166 95,233
Contributions to and Investments in Joint Venture (25,190) 0
Distributions from Joint Venture 1,829 0
Other Investing Activity (4,825) (1,644)
Net Cash Used in Investing Activities (172,500) (171,134)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Financing and Equity Issuance Costs (2,975) (1,918)
Proceeds from the Issuance of Common Stock, Net of Underwriter's Discount 145,584 74,880
Repurchase and Retirement of Restricted Stock (6,020) (2,401)
Common Stock Dividends and Unit Distributions Paid (81,605) (74,508)
Repayments on Mortgage Loans Payable (163,792) (44,152)
Prepayments of Penalties Associated with Retirement of Debt 0 (1,453)
Proceeds from Senior Unsecured Notes 300,000 200,000
Repayments of Senior Unsecured Notes 0 (101,871)
Proceeds from Unsecured Credit Facility 217,000 326,000
Repayments on Unsecured Credit Facility (361,500) (358,500)
Net Cash Provided by Financing Activities 46,692 16,077
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 25,227 (6,863)
Cash, Cash Equivalents and Restricted Cash, Beginning of Year 46,482 21,461
Cash, Cash Equivalents and Restricted Cash, End of Period 71,709 14,598
SUPPLEMENTAL INFORMATION TO STATEMENTS OF CASH FLOWS:    
Interest Expense Capitalized in Connection with Development Activity 4,867 3,014
Supplemental Schedule of Non-Cash Investing and Financing Activities:    
Dividends and Distributions Payable 28,749 26,848
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 11,707 1,138
Accounts Payable Related to Construction in Progress and Additions to Investment in Real Estate 31,288 23,247
Write-off of Fully Depreciated Assets (33,047) (27,455)
Noncontrolling Interest    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income 2,986  
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:    
Conversion of Limited Partner Units to Common Stock / General Partner Units (16,509) (39)
Common Stock    
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:    
Conversion of Limited Partner Units to Common Stock / General Partner Units 13 0
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 16,496 39
Common Stock    
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from the Issuance of Common Stock, Net of Underwriter's Discount 145,584  
First Industrial, L.P.    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income 115,398 107,000
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Depreciation 69,397 70,697
Amortization of Debt Issuance Costs 2,550 2,336
Other Amortization, including Stock Based Compensation 20,516 22,059
Impairment of Real Estate 2,756 0
Provision for Bad Debt 267 181
Equity in Loss of Joint Venture 199 0
Gain on Sale of Real Estate (53,291) (52,140)
Loss from Retirement of Debt 39 1,653
Mark-to-Market Gain on Interest Rate Protection Agreements 0 (1,848)
Increase in Tenant Accounts Receivable, Prepaid Expenses and Other Assets, Net (5,679) (6,537)
Increase in Deferred Rent Receivable, Net (1,329) (4,104)
Increase in Accounts Payable, Accrued Expenses, Other Liabilities, Rents Received in Advance and Security Deposits 172 9,152
Net Cash Provided by Operating Activities 150,995 148,449
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions of Real Estate (91,799) (160,065)
Additions to Investment in Real Estate and Non-Acquisition Tenant Improvements and Lease Costs (168,681) (104,658)
Net Proceeds from Sales of Investments in Real Estate 116,166 95,233
Contributions to and Investments in Joint Venture (25,190) 0
Distributions from Joint Venture 1,829 0
Other Investing Activity (4,825) (1,644)
Net Cash Used in Investing Activities (172,500) (171,134)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Financing and Equity Issuance Costs (2,975) (1,918)
Proceeds from the Issuance of Common Stock, Net of Underwriter's Discount 145,584 74,880
Repurchase and Retirement of Restricted Stock (6,020) (2,401)
Common Stock Dividends and Unit Distributions Paid (81,605) (74,508)
Contributions from Noncontrolling Interests 124 29
Distributions to Noncontrolling Interests (84) (284)
Repayments on Mortgage Loans Payable (163,792) (44,152)
Prepayments of Penalties Associated with Retirement of Debt 0 (1,453)
Proceeds from Senior Unsecured Notes 300,000 200,000
Repayments of Senior Unsecured Notes 0 (101,871)
Proceeds from Unsecured Credit Facility 217,000 326,000
Repayments on Unsecured Credit Facility (361,500) (358,500)
Net Cash Provided by Financing Activities 46,732 15,822
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 25,227 (6,863)
Cash, Cash Equivalents and Restricted Cash, Beginning of Year 46,482 21,461
Cash, Cash Equivalents and Restricted Cash, End of Period 71,709 14,598
SUPPLEMENTAL INFORMATION TO STATEMENTS OF CASH FLOWS:    
Interest Expense Capitalized in Connection with Development Activity 4,867 3,014
Supplemental Schedule of Non-Cash Investing and Financing Activities:    
Dividends and Distributions Payable 28,749 26,848
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 11,707 1,138
Accounts Payable Related to Construction in Progress and Additions to Investment in Real Estate 31,288 23,247
Write-off of Fully Depreciated Assets (33,047) (27,455)
First Industrial, L.P. | Limited Partner Units    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income 2,986  
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:    
Conversion of Limited Partner Units to Common Stock / General Partner Units (16,509) (39)
First Industrial, L.P. | General Partner Units    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income 112,347  
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:    
Conversion of Limited Partner Units to Common Stock / General Partner Units $ 16,509 $ 39