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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 24,340 $ 37,464
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Depreciation 24,376 22,953
Amortization of Debt Issuance Costs 831 855
Other Amortization, including Stock Based Compensation 7,022 6,626
Impairment of Real Estate 0 2,756
Provision for Bad Debt 0 88
Equity in Income of Joint Venture (844) 0
Distributions from Joint Venture 568 0
Loss (Gain) on Sale of Real Estate 208 (20,089)
Loss from Retirement of Debt 0 39
Increase in Tenant Accounts Receivable, Prepaid Expenses and Other Assets, Net and Operating Lease Right-of-Use Assets (18,421) (6,706)
Increase in Deferred Rent Receivable, Net (3,028) (713)
Increase (Decrease) in Accounts Payable, Accrued Expenses, Other Liabilities, Rents Received in Advance and Security Deposits and Operating Lease Liabilities 6,677 (6,249)
Net Cash Provided by Operating Activities 41,729 37,024
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions of Real Estate (18,499) (49,865)
Additions to Investment in Real Estate and Non-Acquisition Tenant Improvements and Lease Costs (43,402) (63,994)
Net Proceeds from Sales of Investments in Real Estate 9,793 41,691
Distributions from Joint Venture 2,175 0
Other Investing Activity (7,048) (3,053)
Net Cash Used in Investing Activities (56,981) (75,221)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Financing and Equity Issuance Costs 0 (2,676)
Tax paid on Shares Withheld (4,384) (6,020)
Common Stock Dividends and Unit Distributions Paid (28,042) (26,565)
Repayments on Mortgage Loans Payable (73,806) (160,163)
Proceeds from Senior Unsecured Notes 0 300,000
Proceeds from Unsecured Credit Facility 121,000 162,000
Repayments on Unsecured Credit Facility (19,000) (206,500)
Net Cash (Used in) Provided by Financing Activities (4,232) 60,076
Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash (19,484) 21,879
Cash, Cash Equivalents and Restricted Cash, Beginning of Year 50,373 46,482
Cash, Cash Equivalents and Restricted Cash, End of Period 30,889 68,361
SUPPLEMENTAL INFORMATION TO STATEMENTS OF CASH FLOWS:    
Interest Expense Capitalized in Connection with Development Activity 944 1,602
Cash Paid for Operating Lease Liabilities 268 0
Supplemental Schedule of Non-Cash Operating Activities:    
Operating Lease Liabilities Arising from Obtaining Right-of-Use Assets 12,400 0
Supplemental Schedule of Non-Cash Investing and Financing Activities:    
Dividends and Distributions Payable 30,139 27,558
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 11,724
Accounts Payable Related to Construction in Progress and Additions to Investment in Real Estate 43,002 32,006
Write-off of Fully Depreciated Assets (11,176) (13,663)
Noncontrolling Interest    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income 537 1,172
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:    
Conversion of Limited Partner Units to Common Stock / General Partner Units 0 (5,009)
Common Stock    
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:    
Conversion of Limited Partner Units to Common Stock / General Partner Units 0 4
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 5,005
First Industrial, L.P.    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income 24,340 37,464
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Depreciation 24,376 22,953
Amortization of Debt Issuance Costs 831 855
Other Amortization, including Stock Based Compensation 7,022 6,626
Impairment of Real Estate 0 2,756
Provision for Bad Debt 0 88
Equity in Income of Joint Venture (844) 0
Distributions from Joint Venture 568 0
Loss (Gain) on Sale of Real Estate 208 (20,089)
Loss from Retirement of Debt 0 39
Increase in Tenant Accounts Receivable, Prepaid Expenses and Other Assets, Net and Operating Lease Right-of-Use Assets (18,378) (6,801)
Increase in Deferred Rent Receivable, Net (3,028) (713)
Increase (Decrease) in Accounts Payable, Accrued Expenses, Other Liabilities, Rents Received in Advance and Security Deposits and Operating Lease Liabilities 6,677 (6,249)
Net Cash Provided by Operating Activities 41,772 36,929
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions of Real Estate (18,499) (49,865)
Additions to Investment in Real Estate and Non-Acquisition Tenant Improvements and Lease Costs (43,402) (63,994)
Net Proceeds from Sales of Investments in Real Estate 9,793 41,691
Distributions from Joint Venture 2,175 0
Other Investing Activity (7,048) (3,053)
Net Cash Used in Investing Activities (56,981) (75,221)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Financing and Equity Issuance Costs 0 (2,676)
Tax paid on Shares Withheld (4,384) (6,020)
Common Stock Dividends and Unit Distributions Paid (28,042) (26,565)
Contributions from Noncontrolling Interests 0 116
Distributions to Noncontrolling Interests (43) (21)
Repayments on Mortgage Loans Payable (73,806) (160,163)
Proceeds from Senior Unsecured Notes 0 300,000
Proceeds from Unsecured Credit Facility 121,000 162,000
Repayments on Unsecured Credit Facility (19,000) (206,500)
Net Cash (Used in) Provided by Financing Activities (4,275) 60,171
Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash (19,484) 21,879
Cash, Cash Equivalents and Restricted Cash, Beginning of Year 50,373 46,482
Cash, Cash Equivalents and Restricted Cash, End of Period 30,889 68,361
SUPPLEMENTAL INFORMATION TO STATEMENTS OF CASH FLOWS:    
Interest Expense Capitalized in Connection with Development Activity 944 1,602
Cash Paid for Operating Lease Liabilities 268 0
Supplemental Schedule of Non-Cash Operating Activities:    
Operating Lease Liabilities Arising from Obtaining Right-of-Use Assets 12,400 0
Supplemental Schedule of Non-Cash Investing and Financing Activities:    
Dividends and Distributions Payable 30,139 27,558
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 11,724
Accounts Payable Related to Construction in Progress and Additions to Investment in Real Estate 43,002 32,006
Write-off of Fully Depreciated Assets (11,176) (13,663)
First Industrial, L.P. | Limited Partner Units    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income 537 1,172
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:    
Conversion of Limited Partner Units to Common Stock / General Partner Units 0 (5,009)
First Industrial, L.P. | General Partner Units    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income 23,777 36,271
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:    
Conversion of Limited Partner Units to Common Stock / General Partner Units $ 0 $ 5,009