Component: (Network and Table)
Network
00500 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS
(http://www.onelibertyproperties.com/role/StatementConsolidatedStatementsOfCashFlows)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0000712770 (http://www.sec.gov/CIK)
CONSOLIDATED STATEMENTS OF CASH FLOWSPeriod [Axis]
2016-01-01 - 2016-12-31
2015-01-01 - 2015-12-31
2014-01-01 - 2014-12-31
CONSOLIDATED STATEMENTS OF CASH FLOWS
 
 
 
Cash flows from operating activities:
 
 
 
Net income
24,481,000  
21,907,000  
22,210,000  
Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
Gain on sale of real estate, net
(10,087,000) 
(5,392,000) 
(10,180,000) 
Purchase price fair value adjustment
 
(960,000) 
 
Gain on sale of available-for-sale securities (to related party in 2014)
(27,000) 
 
(134,000) 
Impairment loss
  
1,093,000  
Prepayment costs on debt
577,000  
568,000  
1,581,000  
Increase in unbilled rent receivable
(2,286,000) 
(1,448,000) 
(1,569,000) 
Write-off of unbilled rent receivable
7,000  
566,000  
79,000  
Bad debt expense
98,000  
 
0  
Amortization of intangibles relating to leases, net
(712,000) 
(723,000) 
(267,000) 
Amortization of restricted stock expense
2,983,000  
2,334,000  
1,833,000  
Equity in earnings of unconsolidated joint ventures
(1,005,000) 
(412,000) 
(533,000) 
Distributions of earnings from unconsolidated joint ventures
939,000  
540,000  
502,000  
Depreciation and amortization
18,164,000  
16,384,000  
14,662,000  
Amortization and write-off of deferred financing costs
904,000  
1,023,000  
1,037,000  
Payment of leasing commissions
(1,050,000) 
(716,000) 
(165,000) 
(Increase) decrease in escrow, deposits, other assets and receivables
(731,000) 
197,000  
1,149,000  
(Decrease) increase in accrued expenses and other liabilities
(850,000) 
616,000  
505,000  
Net cash provided by operating activities
31,405,000  
 
34,484,000  
 
31,803,000  
 
Cash flows from investing activities:
 
 
 
Purchase of real estate
(118,589,000) 
(67,445,000) 
(57,096,000) 
Improvements to real estate
(4,868,000) 
(3,868,000) 
(769,000) 
Net proceeds from sales of real estate
42,312,000  
16,025,000  
43,788,000  
Purchase of partner's interest in consolidated joint venture
(446,000) 
  
Purchase of partner's interest in unconsolidated joint venture
 
(6,300,000) 
 
Investment in unconsolidated joint ventures
 
(12,686,000) 
 
Distributions of capital from unconsolidated joint ventures
647,000  
776,000  
53,000  
Net proceeds from sale of available-for-sale securities (to related party in 2014)
33,000  
 
266,000  
Net cash used in investing activities
(80,911,000) 
 
(73,498,000) 
 
(13,758,000) 
 
Cash flows from financing activities:
 
 
 
Scheduled amortization payments of mortgages payable
(9,138,000) 
(7,793,000) 
(7,597,000) 
Repayment of mortgages payable
(63,726,000) 
(27,967,000) 
(38,873,000) 
Proceeds from mortgage financings
137,628,000  
79,605,000  
60,474,000  
Proceeds from sale of common stock, net
25,787,000  
6,457,000  
3,768,000  
Proceeds from bank line of credit
86,000,000  
45,400,000  
42,500,000  
Repayment on bank line of credit
(94,250,000) 
(40,400,000) 
(52,500,000) 
Issuance of shares through dividend reinvestment plan
3,107,000  
4,284,000  
4,449,000  
Payment of financing costs
(2,220,000) 
(897,000) 
(1,782,000) 
Prepayment costs on debt
(577,000) 
(568,000) 
(1,581,000) 
Capital contributions from non-controlling interests
80,000  
713,000  
639,000  
Distributions to non-controlling interests
(271,000) 
(1,829,000) 
(228,000) 
Cash distributions to common stockholders
(28,230,000) 
(25,599,000) 
(23,601,000) 
Net cash provided by (used in) financing activities
54,190,000  
 
31,406,000  
 
(14,332,000) 
 
Net increase (decrease) in cash and cash equivalents
4,684,000  
 
(7,608,000) 
 
3,713,000  
 
Cash and cash equivalents at beginning of year
12,736,000  
20,344,000  
16,631,000  
Cash and cash equivalents at end of year
17,420,000  
 
12,736,000  
 
20,344,000  
 
Supplemental disclosures of cash flow information:
 
 
 
Cash paid during the period for interest expense
17,310,000  
15,986,000  
16,403,000  
Cash paid during the year for income taxes
36,000  
70,000  
90,000  
Cash paid during the year for Federal excise tax, net
190,000  
300,000  
64,000  
Supplemental schedule of non-cash investing and financing activities:
 
 
 
Mortgage debt extinguished upon conveyance of the Company's Morrow, Georgia property to mortgagee by deed-in-lieu of foreclosure
 
1,466,000  
 
Consolidation of real estate investment
 
2,633,000  
 
Purchase accounting allocation - intangible lease assets
8,194,000  
5,776,000  
4,771,000  
Purchase accounting allocation - intangible lease liabilities
(6,288,000) 
(5,365,000) 
(4,376,000)