← American Assets Trust, Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — $55.9m $64.7m $72.8m $71.4m
Net Income (Loss) Attributable to Parent $32.6m $29.1m $19.7m $45.7m $27.7m $36.6m $55.9m $64.7m $72.8m $71.4m
Net Income (Loss) Available to Common Stockholders, Basic $32.6m $29.1m $19.7m $45.7m $27.7m $28.4m $43.5m $50.4m $56.8m $55.6m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $45.6m $40.1m $27.2m $60.2m $35.6m $36.6m $55.9m $64.7m $72.8m $71.4m
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent — — — — — $28.4m — — $56.8m $55.6m
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $45.6m $40.1m $27.2m $60.2m $35.6m $36.6m — — — —
Depreciation, Depletion and Amortization $71.3m $83.3m $107.1m $96.2m $108.3m $116.3m $123.3m $119.5m $125.5m $127.3m
Amortization of Debt Issuance Costs and Discounts ($231k) — — — — — $2.6m $3.4m $3.7m $2.9m
Amortization of Intangible Assets — — — — — — $3.9m $1.8m $1.9m $3.1m
Depreciation $62.5m $70.2m $99.6m $85.3m $95.8m $102.0m $108.1m $106.3m $111.7m $113.1m
Depreciation Amortization Depletion — — — — — — $123.3m $119.5m $125.5m $127.3m
Share-based Payment Arrangement, Noncash Expense $2.4m $4.7m $3.0m $4.5m $6.3m $8.5m $8.7m $8.8m $7.1m $7.4m
Payment, Tax Withholding, Share-based Payment Arrangement $807k $882k $527k $1.3m $672k $865k $759k $831k $1.4m $2.4m
Gain (Loss) on Extinguishment of Debt — — — — — ($4.3m) $0 $0 $0 —
Income Tax Expense (Benefit) $566k $214k $327k $819k ($9k) $738k $850k $1.0m $886k $770k
Operating Lease, Expense — — — — — $4.0m $3.2m $3.5m $3.6m $3.5m
Operating Lease, Lease Income — — — — — $360.2m $402.5m $419.4m $423.6m $410.5m
Other Nonoperating Income (Expense) ($368k) $334k ($85k) ($122k) $447k ($418k) ($625k) $7.6m $18.1m $3.6m
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $2.3m $1.1m $336k $1.1m $4.9m ($2.3m) $404k $870k $1.8m ($726k)
Increase (Decrease) in Other Operating Assets $982k $499k $227k $2.4m ($141k) ($109k) $723k $1.1m $1.3m $1.2m
Gain (Loss) on Sale of Properties $0 $0 — $633k $0 $0 — — — $44.5m
Gain (Loss) on Termination of Lease — — — $4.5m $0 $0 — — — —
General and Administrative Expense $17.9m $21.4m $22.8m $24.9m $26.6m $29.9m $32.1m $36.0m $35.5m $37.8m
Operating Expenses $197.1m $221.3m $251.3m $253.1m $256.0m $276.0m — — — —
Real Estate Tax Expense $28.4m $32.7m $35.0m $40.0m $41.9m $42.8m $44.8m $45.2m $44.2m $45.0m
Unrealized Gain (Loss) on Derivatives — — — — — — — — — $0
Beginning Cash Position — — — — — — $139.5m $49.6m $82.9m $425.7m
Cash Flow From Continuing Financing Activities — — — — — — ($102.7m) ($65.5m) $213.1m ($432.9m)
Cash Flow From Continuing Investing Activities — — — — — — ($166.3m) ($89.9m) ($77.4m) ($30.5m)
Change In Account Payable — — — — — — ($1.2m) $765k $5.6m ($1.2m)
Change In Other Current Assets — — — — — — ($723k) ($1.1m) ($1.3m) ($1.2m)
Change In Other Current Liabilities — — — — — — $1.2m $83k $225k ($313k)
Change In Payable — — — — — — ($582k) $946k $5.7m ($229k)
Change In Payables And Accrued Expense — — — — — — ($582k) $946k $5.7m ($229k)
Change In Receivables — — — — — — ($404k) ($870k) ($1.8m) $726k
Change In Working Capital — — — — — — ($530k) ($982k) $2.9m ($1.0m)
Changes In Account Receivables — — — — — — ($404k) ($870k) ($1.8m) $726k
Changes In Cash — — — — — — ($90.0m) $33.3m $342.8m ($296.3m)
End Cash Position — — — — — — $49.6m $82.9m $425.7m $129.4m
Financing Cash Flow — — — — — — ($102.7m) ($65.5m) $213.1m ($432.9m)
Free Cash Flow — — — — — — $65.3m $105.8m $136.9m $94.9m
Investing Cash Flow — — — — — — ($166.3m) ($89.9m) ($77.4m) ($30.5m)
Operating Gains Losses — — — — — $4.3m — — — ($44.5m)
Other Non Cash Items — — — — — — ($10.6m) ($4.7m) ($2.7m) $6.0m
Provisionand Write Offof Assets — — — — — — $2.3m $1.4m $1.5m $540k
Stock Based Compensation — — — — — — $8.7m $8.8m $7.1m $7.4m
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax $231k $1.1m $1.3m $1.3m $1.3m — — — — —
Net Cash Provided by (Used in) Operating Activities $122.7m $145.9m $136.5m $153.8m $127.0m $168.3m $179.1m $188.8m $207.1m $167.1m
Cash flows from investing activities:
Capital Expenditure — — — — — — ($113.8m) ($83.0m) ($70.2m) ($72.3m)
Capital Expenditure Reported — — — — — — ($113.8m) ($83.0m) ($70.2m) ($72.3m)
Net Investment Properties Purchase And Sale — — — — — — ($45.2m) $0 $0 $49.9m
Net Investment Purchase And Sale — — — — — ($37k) $0 $0 — —
Purchase Of Investment — — — — — ($47.8m) $0 $0 — —
Purchase Of Investment Properties — — — — — — ($45.2m) $0 $0 ($67.9m)
Sale Of Investment — — — — — $47.7m $0 $0 — —
Sale Of Investment Properties — — — — — $0 — $0 $0 $117.8m
Net Other Investing Changes — — — — — — ($7.4m) ($6.9m) ($7.2m) ($8.2m)
Net Cash Provided by (Used in) Investing Activities ($63.5m) ($330.6m) ($64.3m) ($599.2m) ($69.1m) ($312.3m) ($166.3m) ($89.9m) ($77.4m) ($30.5m)
Cash flows from financing activities:
Issuance Of Debt — — — — — — $111.0m $225.0m $623.3m $0
Long Term Debt Issuance — — — — — — $111.0m $225.0m $623.3m $0
Net Issuance Payments Of Debt — — — — — — $0 $39.0m $323.3m ($325.0m)
Net Long Term Debt Issuance — — — — — — $0 $39.0m $323.3m ($325.0m)
Net Short Term Debt Issuance — — — — — ($100.0m) $36.0m ($36.0m) — —
Short Term Debt Issuance — — — — — $0 $36.0m $0 — —
Long Term Debt Payments — — — — — — ($111.0m) ($186.0m) ($300.0m) ($325.0m)
Repayment Of Debt — — — — — — ($111.0m) ($186.0m) ($300.0m) ($325.0m)
Short Term Debt Payments — — — — — ($100.0m) $0 ($36.0m) — —
Proceeds from Issuance of Common Stock $9.6m $29.9m — $515.4m $0 $0 — — — —
Dividends paid $64.1m $67.5m $70.2m $80.6m $76.5m $88.9m $98.2m $101.6m $103.4m $105.3m
Cash Dividends Paid — — — — — — ($98.2m) ($101.6m) ($103.4m) ($105.3m)
Common Stock Dividend Paid — — — — — — ($98.2m) ($101.6m) ($103.4m) ($105.3m)
Proceeds from (Payments for) Other Financing Activities — — ($236k) — — — — — — —
Net Other Financing Charges — — — — — — ($4.5m) ($3.0m) ($6.8m) ($2.6m)
Net Cash Provided by (Used in) Financing Activities ($54.3m) $221.9m ($106.8m) $497.5m ($28.3m) $144.4m ($102.7m) ($65.5m) $213.1m ($432.9m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $3.2m $37.2m ($34.7m) $52.2m $29.6m $475k ($90.0m) $33.3m $342.8m ($296.3m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — $92.0m $57.3m $109.5m $139.0m $139.5m $49.6m $82.9m $425.7m $129.4m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — ($90.0m) $33.3m $342.8m ($296.3m)
Income Tax Paid Supplemental Data — — — — — — $865k $1.4m $1.2m $934k
Interest Paid, Excluding Capitalized Interest, Operating Activities $47.8m $47.5m $52.6m $52.0m $53.5m $51.0m $56.1m $62.0m $64.4m $79.3m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.