OFC Cash Flow Statement

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Cash flows from operating activities
Revenues from real estate operations received 119.35M
Construction contract and other service revenues received 15.7M
Property operating expenses paid -38.87M
Construction contract and other service expenses paid -15.59M
General and administrative and business development expenses paid
Interest expense paid -18.02M
Interest and other income received 320K
Income taxes paid 6K
Net cash provided by operating activities 47.31M
Purchases of and additions to properties
Construction, development and redevelopment -44.36M
Acquisitions of operating properties
Tenant improvements on operating properties -5.26M
Other capital improvements on operating properties -9.33M
Proceeds from sales of properties 0
Proceeds from sale of equity method investment
Mortgage and other loan receivables funded or acquired -2.23M
Leasing costs paid
Investment in unconsolidated entities
Other 4.44M
Net cash used in investing activities -60.18M
Cash flows from financing activities
Proceeds from debt, including issuance of exchangeable senior notes
Repayments of debt
Scheduled principal amortization -2.51M
Other repayments
Deferred financing costs paid -1.11M
Net proceeds from issuance of common shares 118.39M
Dividends paid
Distributions paid -1.37M
Restricted share redemptions -1.58M
Other 85K
Net cash provided by financing activities 25.78M
Net increase in cash and cash equivalents 12.92M
Cash and cash equivalents
Beginning of period 10.59M
End of period 23.51M
Reconciliation of net (loss) income to net cash provided by operating activities:
Net (loss) income 15.28M
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and other amortization 28.78M
Impairment losses
Amortization of deferred financing costs 1.53M
Increase in deferred rent receivable
Amortization of above or below market leases
Amortization of net debt discounts 710K
Gain on sales of real estate -2.35M
Gain on equity method investment
Share-based compensation 1.65M
Other -2.72M
Changes in operating assets and liabilities:
Decrease in accounts receivable 8.48M
Decrease in restricted cash and marketable securities and prepaid expenses and other assets
Decrease in accounts payable, accrued expenses and other liabilities -2.56M
Decrease in rents received in advance and security deposits -1.61M
Net cash provided by operating activities 47.31M
Supplemental schedule of non-cash investing and financing activities:
Increase (decrease) in accrued capital improvements, leasing and other investing activity costs -5.35M
Increase in property and debt in connection with loan assumption
Increase in property and noncontrolling interests in connection with property contribution by a noncontrolling interest in a joint venture
(Decrease) increase in fair value of derivatives applied to AOCL and noncontrolling interests 1.11M
Dividends/distribution payable 29.95M
Decrease in noncontrolling interests and increase in shareholders' equity in connection with the conversion of common units into common shares 3.18M
Adjustments to noncontrolling interests resulting from changes in ownership of Operating Partnership by COPT 2.23M

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