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SEC Filings

10-Q
FOREST CITY REALTY TRUST, INC. filed this Form 10-Q on 10/30/2018
Entire Document
 
Forest City Realty Trust, Inc. and Subsidiaries
Consolidated Statements of Cash Flows
(Unaudited)

Cash Flows
Operating Activities
Net cash provided by operating activities was $216,053,000 and $312,285,000 for the nine months ended September 30, 2018 and 2017, respectively. The net decrease in cash provided by operating activities is primarily the result of cash used to purchase land inventory and extinguish accounts payable, accrued expenses and other liabilities, partially offset by changes in operating assets.
Investing Activities
Net cash provided by (used in) investing activities was $206,666,000 and $(294,257,000) for the nine months ended September 30, 2018 and 2017, respectively, and consisted of the following:

 
Nine Months Ended September 30,
 
2018
2017
 
(in thousands)
Capital expenditures:
 
 
Construction and development costs:
 
 
The Yards - L2, an apartment community under construction in Washington, D.C.
(30,432
)
(3,934
)
Ardan, an apartment community in Dallas, Texas
(29,731
)
(29,982
)
The Yards - The Guild, an apartment community under construction in Washington, D.C.
(28,306
)
(18,573
)
Pier 70, a 28-acre waterfront neighborhood in San Francisco, California
(18,909
)
(8,801
)
5M, an apartment community under development in San Francisco, California
(14,606
)
(2,068
)
The Bridge at Cornell Tech, an office building in Roosevelt Island, New York
(13,879
)
(33,424
)
Aster Conservatory Green North, an apartment community under construction in Denver, Colorado
(13,422
)

Mint Town Center, an apartment community under construction in Denver, Colorado
(9,333
)
(37,353
)
Axis, an apartment community in Los Angeles, California
(8,684
)
(29,357
)
Eliot on 4th, an apartment community in Washington D.C.
(7,351
)
(29,998
)
461 Dean Street, an apartment community in Brooklyn, New York

(11,184
)
Other
(5,629
)
(37,316
)
Total construction and development costs (1)
(180,282
)
(241,990
)
Operating properties:
 
 
Office Segment
(21,816
)
(15,246
)
Apartment Segment
(17,243
)
(19,370
)
Retail Segment
(1,054
)
(475
)
 
(40,113
)
(35,091
)
Tenant improvements:
 
 
Office Segment
(19,591
)
(24,886
)
Retail Segment
(958
)
(2,598
)
 
(20,549
)
(27,484
)
Corporate Segment
(922
)
(2,372
)
Total capital expenditures
$
(241,866
)
$
(306,937
)
Payment of lease procurement costs
(9,509
)
(9,297
)
Increase in notes receivable
(39,140
)
(31,047
)
Payment on note receivable
125,100


Proceeds from deconsolidation of a rental property
24,000


Cash and restricted cash acquired in a property exchange transaction
19,024


Proceeds from disposition of rental properties or interest in development project:
 
 
461 Dean Street
$
147,193

$

Brooklyn Commons, proceeds expected to be redeployed in a Section 1031 exchange
31,523


Kapolei Lofts
26,935


Sale of development opportunity
10,449


Illinois Science & Technology Park

16,494

Fairmont Cinema in San Jose, California

4,387

Other
853

9,302

Total proceeds from disposition of rental properties or interest in development project
$
216,953

$
30,183


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