CIO · As filed with the SEC
City Office REIT cash flow statement, by fiscal year
The statement as City Office REIT presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
Consolidated Statements of Cash Flows · USD
| USD | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 |
|---|---|---|---|---|
| Cash Flows from Operating Activities: | ||||
| Net (loss)/income | (17,125,000) | (2,035,000) | 17,681,000 | 485,281,000 |
| Adjustments to reconcile net (loss)/income to net cash provided by operating activities: | ||||
| Depreciation and amortization | 59,321,000 | 62,987,000 | 62,495,000 | 57,317,000 |
| Amortization of deferred financing costs and debt fair value | 1,384,000 | 1,296,000 | 1,218,000 | 1,332,000 |
| Amortization of above and below market leases | (124,000) | 1,069,000 | 75,000 | 343,000 |
| Straight-line rent/expense | (507,000) | (7,704,000) | (9,218,000) | (566,000) |
| Non-cash stock compensation | 4,322,000 | 4,094,000 | 3,879,000 | 2,641,000 |
| Receipts from sales-type lease | 0 | 0 | 43,549,000 | — |
| Net loss/(gain) on disposition of real estate property | 1,462,000 | 134,000 | (21,658,000) | (476,651,000) |
| Impairment of real estate | 8,463,000 | 0 | 13,444,000 | — |
| Changes in non-cash working capital: | ||||
| Rents receivable, net | 49,000 | (897,000) | (6,033,000) | (654,000) |
| Other assets | (149,000) | (884,000) | (10,000) | (345,000) |
| Accounts payable and accrued liabilities | 1,051,000 | 281,000 | 2,833,000 | 451,000 |
| Deferred rent | 317,000 | (1,316,000) | (2,453,000) | 3,653,000 |
| Tenant rent deposits | 400,000 | 198,000 | 875,000 | 420,000 |
| Net Cash Provided By Operating Activities | 58,864,000 | 57,223,000 | 106,677,000 | 73,222,000 |
| Cash Flows to Investing Activities: | ||||
| Additions to real estate properties | (28,112,000) | (32,487,000) | (37,485,000) | (17,869,000) |
| Acquisition of real estate | — | 0 | 0 | (632,317,000) |
| Net proceeds from sale of real estate | 300,000 | 0 | 0 | 640,995,000 |
| Deferred leasing costs | — | — | (9,565,000) | (8,190,000) |
| Reduction of cash on disposition of real estate property | (2,477,000) | (4,050,000) | — | — |
| Deferred leasing costs | (10,002,000) | (4,802,000) | — | — |
| Net Cash Used In Investing Activities | (40,291,000) | (41,339,000) | (47,050,000) | (17,381,000) |
| Cash Flows to Financing Activities: | ||||
| Proceeds from sale of common stock | — | — | — | 0 |
| Debt issuance and extinguishment costs | (622,000) | (743,000) | 0 | (2,506,000) |
| Proceeds from borrowings | 59,000,000 | 35,000,000 | 97,500,000 | 180,000,000 |
| Repayment of borrowings | (61,560,000) | (17,483,000) | (62,270,000) | (202,442,000) |
| Dividend distributions paid to stockholders | — | (31,339,000) | (41,365,000) | (33,506,000) |
| Dividend distributions paid to stockholders | (23,460,000) | — | — | — |
| Repurchases of common stock | (948,000) | 0 | (50,082,000) | 0 |
| Distributions to non-controlling interests in properties | 0 | (777,000) | (1,497,000) | (1,142,000) |
| Shares withheld for payment of taxes on restricted stock unit vesting | (1,072,000) | (1,643,000) | (87,000) | (216,000) |
| Contributions from non-controlling interests in properties | 656,000 | 231,000 | 170,000 | 286,000 |
| Net Cash Used In Financing Activities | (28,006,000) | (16,754,000) | (57,631,000) | (59,526,000) |
| Net (Decrease)/Increase in Cash, Cash Equivalents and Restricted Cash | (9,433,000) | (870,000) | 1,996,000 | (3,685,000) |
| Cash, Cash Equivalents and Restricted Cash, Beginning of Period | 43,392,000 | 44,262,000 | 42,266,000 | 45,951,000 |
| Cash, Cash Equivalents and Restricted Cash, End of Period | 33,959,000 | 43,392,000 | 44,262,000 | 42,266,000 |
| Reconciliation of Cash, Cash Equivalents and Restricted Cash: | ||||
| Cash and Cash Equivalents, End of Period | 18,886,000 | 30,082,000 | 28,187,000 | 21,321,000 |
| Restricted Cash, End of Period | 15,073,000 | 13,310,000 | 16,075,000 | 20,945,000 |
| Cash, Cash Equivalents and Restricted Cash, End of Period | 33,959,000 | 43,392,000 | 44,262,000 | 42,266,000 |
| Supplemental Disclosures of Cash Flow Information: | ||||
| Cash paid for interest | 33,988,000 | 30,773,000 | 23,064,000 | 23,344,000 |
| Purchase of additions in real estate properties included in accounts payable | 13,115,000 | 6,963,000 | 13,004,000 | 5,815,000 |
| Purchase of deferred leasing costs included in accounts payable | 1,188,000 | 1,216,000 | 1,274,000 | 2,790,000 |
| Debt assumed on acquisition of real estate | — | — | — | 0 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.