Cash flow Statement (Quarterly, GAAP
in millions $) |
(Dec 31 2023) 12 Months |
(Sep 30 2023) 9 Months |
(Jun 30 2023) 6 Months |
(Mar 31 2023) 3 Months |
(Dec 31 2022) 12 Months |
Income |
-197.40 |
-39.65 |
-18.01 |
-5.28 |
53.99 |
Depreciation & amortization |
188.80 |
141.65 |
92.68 |
45.60 |
177.98 |
Amortization of Other Assets |
2.06 |
1.48 |
0.87 |
0.39 |
-4.74 |
Increase (Decrease) in Deferred Revenue
|
- |
- |
- |
- |
- |
Asset Impairment Charges |
131.57 |
16.13 |
4.47 |
- |
4.66 |
Provision for Doubtful Accounts |
- |
- |
- |
- |
- |
Inventories Decrease /-Increase |
- |
- |
- |
- |
- |
R & D, Environmental and Other Expense |
- |
- |
- |
- |
- |
Business Combination Step Acquisition Equity InterestIn Acquiree Remeasurement Gain |
- |
- |
- |
- |
- |
Share-based Compensation |
9.85 |
8.31 |
6.07 |
3.40 |
8.94 |
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions |
- |
- |
- |
- |
- |
Gains (Losses) on Extinguishment of Debt |
-0.14 |
- |
- |
- |
0.44 |
Acquired Above Below Market Leases Net |
- |
- |
- |
- |
- |
Straight Line Ground Rent Expense |
0.60 |
0.40 |
0.20 |
0.61 |
0.41 |
Gain Loss On Cash Flow Hedge Ineffectiveness Net |
- |
- |
- |
- |
- |
Cumulative Interest Accretion On Repayments Of Unsecured Notes |
- |
- |
- |
- |
- |
Contributions From Historic Tax Credit Transaction Net Of Deferred Costs |
- |
- |
- |
- |
- |
Increase Decrease In Deferred Income Gains And Rents |
- |
- |
- |
- |
- |
Amortization Of Stock Compensation Costs |
- |
- |
- |
- |
- |
Capital Expenditures Incurred But Not Yet Paid |
- |
- |
- |
- |
- |
Change In Capital Expenditures Financed Through Retention Payable At Period End |
2.59 |
2.04 |
0.26 |
-4.61 |
-1.10 |
Sharebasedcompensationexpenserelatingtoawardswithheldforemployeetaxesuponvestingofshareawards |
- |
- |
- |
- |
- |
Derivative Gain Loss On Derivative Net |
- |
- |
- |
- |
- |
Loss On Real Estate Venture Formation |
- |
- |
- |
- |
- |
Share Based Compensation Expense Relating To Awards With Held For Employee Taxes Upon Vesting Of Share Awards |
- |
- |
- |
- |
- |
Straight Line Rent Excluding Rent Termination Fee |
-6.61 |
-4.60 |
-2.84 |
-8.96 |
-5.04 |
Income Tax Expense Benefit |
0.04 |
0.04 |
0.03 |
0.07 |
0.08 |
Net Gain Loss On Real Estate Venture Transactions |
-0.18 |
-0.18 |
- |
- |
- |
Gains Losses On Promoted Interest In Unconsolidated Real Estate Venture |
- |
- |
- |
- |
- |
Ground Rent Expense |
- |
- |
- |
- |
- |
Increase Decrease In Contract With Customer Liability |
-1.20 |
0.29 |
-0.96 |
-0.67 |
-2.49 |
Increase Decrease In Contract With Customer Liability |
- |
- |
- |
- |
- |
Income taxes |
- |
- |
- |
- |
- |
Gain (Loss) on Sale of Properties |
-8.95 |
-0.78 |
-0.78 |
-0.78 |
-25.68 |
Increase (Decrease) in Accounts Receivable |
0.24 |
-2.36 |
-0.47 |
-2.42 |
1.33 |
Increase (Decrease) in Accounts Payable and Accrued Liabilities |
-12.93 |
-8.99 |
-21.27 |
-19.91 |
5.41 |
Accrued Expense |
- |
- |
- |
- |
- |
Deferred Revenue and Customer Advances and Deposits |
- |
- |
- |
- |
- |
Increase (Decrease) in Deferred Charges |
- |
- |
- |
- |
- |
Other Working Capital |
-5.08 |
-21.53 |
-11.96 |
-18.23 |
1.38 |
Other Noncash Items |
- |
- |
- |
- |
- |
Other net |
- |
- |
- |
- |
- |
Payments for (Proceeds from) Other Operating Activities |
75.20 |
21.92 |
11.73 |
5.91 |
30.69 |
Discontinued operations |
- |
- |
- |
- |
- |
Net Cash flow from
Operating Activities |
177.27 |
111.41 |
61.30 |
5.38 |
209.31 |
Capital Expenditures |
-55.28 |
-30.15 |
-18.34 |
-4.59 |
-92.46 |
Sale of Capital Items |
76.80 |
51.29 |
- |
- |
64.21 |
Payments for (Proceeds from) Limited Partnership |
- |
- |
- |
- |
- |
Payments to Acquire Available-for-sale Securities, Debt |
- |
- |
- |
- |
- |
Real Estate Investments |
-56.82 |
-42.19 |
-30.13 |
-15.97 |
-113.54 |
Advances To Tenant For Purchase Of Tenant Assets |
- |
- |
- |
- |
- |
Loan Provided To Real Estate Venture Partner |
- |
- |
- |
- |
- |
Proceeds From Sale Of Real Estate Ventures |
- |
- |
- |
- |
- |
Payments To Redevelop Real Estate |
-42.59 |
-34.83 |
-14.11 |
-74.38 |
-56.47 |
Net Proceeds From Contribution Of Properties To Unconsolidated Real Estate Venture |
- |
- |
- |
- |
- |
Advances To Tenant For Purchase Of Tenant Assets Net Of Repayments |
-9.29 |
-0.03 |
-0.03 |
-0.45 |
-0.45 |
Increase (Decrease) in Restricted Cash |
- |
- |
- |
- |
- |
Payments for (Proceeds from) Loans |
- |
- |
- |
- |
- |
Payments for (Proceeds from) Deposits on Real Estate Acquisitions |
3.50 |
3.50 |
3.50 |
- |
-4.90 |
Proceeds from Insurance Settlement, Investing Activities |
- |
- |
- |
- |
- |
Payments for (Proceeds from) Federal Reserve and Federal Home Loan Bank |
- |
- |
- |
- |
- |
Acquisition Net of Cash Acquired |
- |
- |
- |
- |
- |
Interest in Subsidiaries and Affiliates |
-82.13 |
-70.02 |
-58.04 |
-10.33 |
-0.53 |
Sale of businesses |
- |
- |
- |
- |
- |
Accounts payable |
- |
- |
- |
- |
- |
Proceeds from Collection of Notes Receivable |
- |
- |
- |
- |
44.30 |
Proceeds from Life Insurance Policies |
- |
- |
- |
- |
- |
Other Net |
0.00 |
0.00 |
0.00 |
- |
- |
Discontinued operations |
- |
- |
- |
- |
- |
Net Cash flow from
Investing Activities |
-174.91 |
-139.45 |
-137.86 |
-45.02 |
-190.59 |
Short-term debt Net |
258.82 |
315.00 |
315.00 |
315.00 |
350.00 |
Other borrowing transactions |
-4.37 |
-4.37 |
-4.46 |
-4.41 |
-9.88 |
Long-term debt - borrowings |
285.00 |
172.00 |
136.00 |
115.00 |
478.00 |
Long-term debt - repayments |
-367.66 |
-314.80 |
-278.80 |
-257.80 |
-708.63 |
Federal Home Loan Bank and Federal Funds |
- |
- |
- |
- |
- |
Issuances/ -repurchases
of Comm. Stock |
- |
- |
- |
- |
- |
Proceeds from Partnership Contribution |
- |
- |
- |
- |
- |
Issuances/ -repurchases
of Pref. Stock |
- |
- |
- |
- |
- |
Deposits, Annuities, Contract Holders Funds |
- |
- |
- |
- |
- |
Other financing activities net |
- |
- |
- |
- |
- |
Other net |
-18.39 |
-18.39 |
-18.39 |
-18.39 |
-32.70 |
Repayments Of Unsecured Term Loan |
- |
- |
- |
- |
- |
Refund Of Deferred Financing Costs Related To Forward Commitment |
- |
- |
- |
- |
- |
Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction |
- |
- |
- |
- |
- |
Gross Proceeds From Issuance Of First Mortgage Bond |
- |
- |
- |
- |
- |
Cash Used In Redemption Of Partnership Units |
- |
- |
- |
- |
- |
Payments On Account Of Employee Tax Withholdings On Share Based Awards |
-0.95 |
-0.95 |
-0.65 |
-2.94 |
-2.94 |
Partner Distributions From Consolidated Real Estate Venture |
- |
- |
- |
- |
- |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents |
18.39 |
18.39 |
18.39 |
28.30 |
28.30 |
Payment Of Ordinary Dividends Common Stock And Preferred Stock |
-98.31 |
-65.44 |
-32.70 |
-98.02 |
-65.32 |
Payments of Ordinary Dividends, Noncontrolling Interest |
-0.37 |
-0.29 |
-0.20 |
-0.10 |
-0.45 |
Dividends paid |
- |
- |
- |
- |
- |
Net Cash flow from
Financing Activities |
46.79 |
68.28 |
101.16 |
134.33 |
-28.63 |
Effect of exchange rate on cash flow |
- |
- |
- |
- |
- |
Discontinued operations |
- |
- |
- |
- |
- |
Free
Cash Flow |
198.79 |
132.54 |
42.96 |
0.79 |
181.05 |
Total Cash Flow |
49.15 |
40.23 |
24.60 |
94.68 |
-9.91 |
Cash & cash equiv. at beg.
of the Year |
17.55 |
17.55 |
17.55 |
17.55 |
27.46 |
Cash & cash equivalents at
end of period |
- |
- |
- |
- |
- |
Cash Interests paid |
- |
- |
- |
- |
- |
Cash Income taxes paid |
0.55 |
0.55 |
0.55 |
0.00 |
0.90 |