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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net Income $ 80,002 $ 31,530 $ 145,055 $ 115,398
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:        
Depreciation     73,054 69,397
Amortization of Debt Issuance Costs 805 850 2,430 2,550
Other Amortization, including Stock Based Compensation     21,226 20,516
Impairment of Real Estate 0 0 0 2,756
Provision for Bad Debt     0 267
Equity in (Income) Loss of Joint Venture 72 197 (16,288) 199
Distributions from Joint Venture     16,012 0
Gain on Sale of Real Estate (52,489) (8,135) (53,378) (53,291)
Loss from Retirement of Debt 0 0 0 39
Payments to Settle Derivative Instruments 0 0 (3,149) 0
Straight-line Rental Income and Expense, Net     (7,321) (1,329)
Increase in Tenant Accounts Receivable, Prepaid Expenses and Other Assets, Net and Operating Lease Right-of-Use Assets     (8,325) (5,639)
Increase in Accounts Payable, Accrued Expenses, Other Liabilities, Rents Received in Advance and Security Deposits and Operating Lease Liabilities     20,863 172
Net Cash Provided by Operating Activities     190,179 151,035
CASH FLOWS FROM INVESTING ACTIVITIES:        
Acquisitions of Real Estate     (108,468) (91,799)
Additions to Investment in Real Estate and Non-Acquisition Tenant Improvements and Lease Costs     (211,424) (168,681)
Net Proceeds from Sales of Investments in Real Estate     102,758 116,166
Contributions to and Investments in Joint Venture     0 25,190
Distributions from Joint Venture     8,658 1,829
Other Investing Activity     (6,459) (4,825)
Net Cash Used in Investing Activities     (214,935) (172,500)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Financing and Equity Issuance Costs     (953) (2,975)
Proceeds from Issuance of Common Stock     0 145,584
Tax Paid on Shares Withheld     (4,384) (6,020)
Common Stock Dividends and Unit Distributions Paid     (87,490) (81,605)
Repayments on Mortgage Loans Payable     (116,518) (163,792)
Proceeds from Senior Unsecured Notes     150,000 300,000
Proceeds from Unsecured Credit Facility     295,000 217,000
Repayments on Unsecured Credit Facility     (217,000) (361,500)
Net Cash Provided by Financing Activities     18,655 46,692
Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash     (6,101) 25,227
Cash, Cash Equivalents and Restricted Cash, Beginning of Year     50,373 46,482
Cash, Cash Equivalents and Restricted Cash, End of Period 44,272 71,709 44,272 71,709
SUPPLEMENTAL INFORMATION TO STATEMENTS OF CASH FLOWS:        
Interest Expense Capitalized in Connection with Development Activity     4,161 4,867
Cash Paid for Operating Lease Liabilities     1,273 0
Supplemental Schedule of Non-Cash Operating Activities:        
Operating Lease Liabilities Arising from Obtaining Right-of-Use Assets     22,871 0
Supplemental Schedule of Non-Cash Investing and Financing Activities:        
Dividends and Distributions Payable 30,386 28,749 30,386 28,749
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:        
Conversion of Limited Partner Units to Common Stock / General Partner Units 0 0 0 0
Lease Reclassification from Operating Lease to Sales Type Lease:        
Land (933,203)   (933,203)  
Deferred Rent Receivable, Net (76,212)   (76,212)  
Assumption of Indebtedness and Other Liabilities in Connection with the Acquisition of Real Estate     692 11,707
Accounts Payable Related to Construction in Progress and Additions to Investment in Real Estate     57,872 31,288
Write-off of Fully Depreciated Assets     (26,115) (33,047)
Sales Type Lease        
Lease Reclassification from Operating Lease to Sales Type Lease:        
Lease Receivable 54,521 0 54,521 0
Land (24,803) 0 (24,803) 0
Building, Net Of Accumulated Depreciation (17,845) 0 (17,845) 0
Deferred Rent Receivable, Net (2,073) 0 (2,073) 0
Other Assets, Net Of Accumulated Amortization (1,194) 0 (1,194) 0
Sales-type Lease, Selling Profit (Loss) 8,606   8,606 0
Noncontrolling Interest        
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net Income 1,691 619    
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:        
Conversion of Limited Partner Units to Common Stock / General Partner Units (6,861) (4,182) (6,861) (16,509)
Common Stock        
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:        
Conversion of Limited Partner Units to Common Stock / General Partner Units 5 3 5 13
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 6,856 4,179 6,856 16,496
First Industrial, L.P.        
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net Income 80,002 31,530 145,055 115,398
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:        
Depreciation     73,054 69,397
Amortization of Debt Issuance Costs 805 850 2,430 2,550
Other Amortization, including Stock Based Compensation     21,226 20,516
Impairment of Real Estate 0 0 0 2,756
Provision for Bad Debt     0 267
Equity in (Income) Loss of Joint Venture 72 197 (16,288) 199
Distributions from Joint Venture     16,012 0
Gain on Sale of Real Estate (52,489) (8,135) (53,378) (53,291)
Loss from Retirement of Debt 0 0 0 39
Payments to Settle Derivative Instruments 0 0 (3,149) 0
Straight-line Rental Income and Expense, Net     (7,321) (1,329)
Increase in Tenant Accounts Receivable, Prepaid Expenses and Other Assets, Net and Operating Lease Right-of-Use Assets     (8,240) (5,679)
Increase in Accounts Payable, Accrued Expenses, Other Liabilities, Rents Received in Advance and Security Deposits and Operating Lease Liabilities     20,863 172
Net Cash Provided by Operating Activities     190,264 150,995
CASH FLOWS FROM INVESTING ACTIVITIES:        
Acquisitions of Real Estate     (108,468) (91,799)
Additions to Investment in Real Estate and Non-Acquisition Tenant Improvements and Lease Costs     (211,424) (168,681)
Net Proceeds from Sales of Investments in Real Estate     102,758 116,166
Contributions to and Investments in Joint Venture     0 25,190
Distributions from Joint Venture     8,658 1,829
Other Investing Activity     (6,459) (4,825)
Net Cash Used in Investing Activities     (214,935) (172,500)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Financing and Equity Issuance Costs     (953) (2,975)
Proceeds from Issuance of Common Stock     0 145,584
Tax Paid on Shares Withheld     (4,384) (6,020)
Common Stock Dividends and Unit Distributions Paid     (87,490) (81,605)
Contributions from Noncontrolling Interests     10 124
Distributions to Noncontrolling Interests     (95) (84)
Repayments on Mortgage Loans Payable     (116,518) (163,792)
Proceeds from Senior Unsecured Notes     150,000 300,000
Proceeds from Unsecured Credit Facility     295,000 217,000
Repayments on Unsecured Credit Facility     (217,000) (361,500)
Net Cash Provided by Financing Activities     18,570 46,732
Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash     (6,101) 25,227
Cash, Cash Equivalents and Restricted Cash, Beginning of Year     50,373 46,482
Cash, Cash Equivalents and Restricted Cash, End of Period 44,272 71,709 44,272 71,709
SUPPLEMENTAL INFORMATION TO STATEMENTS OF CASH FLOWS:        
Interest Expense Capitalized in Connection with Development Activity     4,161 4,867
Cash Paid for Operating Lease Liabilities     1,273 0
Supplemental Schedule of Non-Cash Operating Activities:        
Operating Lease Liabilities Arising from Obtaining Right-of-Use Assets     22,871 0
Supplemental Schedule of Non-Cash Investing and Financing Activities:        
Dividends and Distributions Payable 30,386 28,749 30,386 28,749
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:        
Conversion of Limited Partner Units to Common Stock / General Partner Units 0 0 0 0
Lease Reclassification from Operating Lease to Sales Type Lease:        
Land (933,203)   (933,203)  
Deferred Rent Receivable, Net (76,212)   (76,212)  
Assumption of Indebtedness and Other Liabilities in Connection with the Acquisition of Real Estate     692 11,707
Accounts Payable Related to Construction in Progress and Additions to Investment in Real Estate     57,872 31,288
Write-off of Fully Depreciated Assets     (26,115) (33,047)
First Industrial, L.P. | Sales Type Lease        
Lease Reclassification from Operating Lease to Sales Type Lease:        
Lease Receivable 54,521 0 54,521 0
Land (24,803) 0 (24,803) 0
Building, Net Of Accumulated Depreciation (17,845) 0 (17,845) 0
Deferred Rent Receivable, Net (2,073) 0 (2,073) 0
Other Assets, Net Of Accumulated Amortization (1,194) 0 (1,194) 0
Sales-type Lease, Selling Profit (Loss)     8,606 0
First Industrial, L.P. | Limited Partner Units        
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net Income 1,691 619    
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:        
Conversion of Limited Partner Units to Common Stock / General Partner Units (6,861) (4,182) (6,861) (16,509)
First Industrial, L.P. | General Partner Units        
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net Income 78,278 30,889    
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:        
Conversion of Limited Partner Units to Common Stock / General Partner Units $ 6,861 $ 4,182 $ 6,861 $ 16,509