Taubman Centers (TCO)
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Fiscal Year End Date: 12/31
(Values in U.S. thousands)
| 12-2019 | 12-2018 | 12-2017 | 12-2016 | 12-2015 | |
| Cash Flows From Operating Activities | |||||
| Net Income | 330,374 | 115,742 | 112,757 | 188,151 | 192,557 |
| Depreciation Amortization | 188,407 | 179,275 | 167,806 | 138,139 | 106,355 |
| Accounts receivable | -21,670 | -17,141 | -26,420 | -34,989 | -15,636 |
| Accounts payable and accrued liabilities | -1,838 | 2,762 | 7,634 | 1,490 | 6,616 |
| Other Working Capital | -23,508 | -14,379 | -18,786 | -33,499 | -9,020 |
| Other Operating Activity | -217,992 | 27,573 | 35,383 | 46,264 | 26,813 |
| Operating Cash Flow | $253,773 | $293,832 | $278,374 | $305,556 | $307,685 |
| Cash Flows From Investing Activities | |||||
| Change In Deposits | 52,077 | 54,703 | N/A | N/A | N/A |
| PPE Investments | 88,991 | -288,594 | -352,022 | -493,606 | -440,678 |
| Net Acquisitions | 20,000 | N/A | N/A | N/A | N/A |
| Purchase Of Investment | -70,972 | -95,329 | -32,990 | -394,221 | -97,293 |
| Sale Of Investment | 6,181 | -2,173 | 70,002 | 232,224 | 5,755 |
| Other Investing Activity | 1,041 | 5,857 | 86 | 81 | 27,095 |
| Investing Cash Flow | $97,318 | $-325,536 | $-314,924 | $-655,522 | $-505,121 |
| Cash Flows From Financing Activities | |||||
| Change In Short Term Borrowing | -84,675 | 255,020 | 269,955 | 234,700 | 0 |
| Debt Issued | 10,080 | 800,000 | 336,749 | 758,991 | 1,198,640 |
| Debt Repayment | -36,912 | -778,549 | -308,673 | -367,527 | -578,790 |
| Common Stock Issued | -816 | -2,396 | 6,289 | 1,806 | 4,526 |
| Dividend Paid | -188,358 | -182,996 | -174,966 | -166,871 | -160,968 |
| Other Financing Activity | -88,706 | -75,536 | -83,626 | -209,641 | -335,760 |
| Financing Cash Flow | $-389,387 | $15,543 | $45,728 | $251,458 | $127,648 |
| Beginning Cash Position | 142,929 | 164,404 | 152,965 | 250,082 | 276,423 |
| End Cash Position | 103,418 | 142,929 | 164,404 | 152,965 | 206,635 |
| Net Cash Flow | $-39,511 | $-21,475 | $11,439 | $-97,117 | $-69,788 |
| Free Cash Flow | |||||
| Operating Cash Flow | 253,773 | 293,832 | 278,374 | 305,556 | 307,685 |
| Capital Expenditure | -196,343 | -289,854 | -353,322 | -504,864 | -440,678 |
| Free Cash Flow | 57,430 | 3,978 | -74,948 | -199,308 | -132,993 |