2018 Q4 Form 10-K Financial Statement

#000128604319000021 Filed on February 27, 2019

View on sec.gov

Income Statement

Concept 2018 Q4 2017 Q4 2017 Q3
Revenue $86.94M $88.92M $87.14M
YoY Change -2.23% 0.05% -2.23%
Cost Of Revenue $23.20M $23.49M $22.69M
YoY Change -1.23% 2.22% 0.35%
Gross Profit $63.74M $65.43M $64.45M
YoY Change -2.58% -0.71% -3.11%
Gross Profit Margin 73.32% 73.58% 73.96%
Selling, General & Admin $4.960M $5.360M $5.430M
YoY Change -7.46% -0.37% 6.89%
% of Gross Profit 7.78% 8.19% 8.43%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $38.00M $41.40M $42.79M
YoY Change -8.21% -5.26% -6.04%
% of Gross Profit 59.62% 63.27% 66.4%
Operating Expenses $41.25M $46.12M $70.91M
YoY Change -10.56% 1.27% -3.17%
Operating Profit -$13.76M $19.31M $16.23M
YoY Change -171.24% 9.85% 2.12%
Interest Expense -$17.64M -$16.45M $16.37M
YoY Change 7.23% -6.59% -4.48%
% of Operating Profit -85.18% 100.88%
Other Income/Expense, Net $0.00 -$100.0K -$94.00K
YoY Change -100.0% 25.0%
Pretax Income -$31.58M $2.760M -$240.0K
YoY Change -1244.2% -30.13% -80.8%
Income Tax -$150.0K -$40.00K -$33.00K
% Of Pretax Income -1.45%
Net Earnings -$31.71M $2.795M -$204.0K
YoY Change -1234.49% -28.33% -87.87%
Net Earnings / Revenue -36.47% 3.14% -0.23%
Basic Earnings Per Share
Diluted Earnings Per Share -$372.7K $0.03 -$0.01
COMMON SHARES
Basic Shares Outstanding 83.76M shares 83.60M shares 83.59M shares
Diluted Shares Outstanding 83.76M shares 83.71M shares 83.59M shares

Balance Sheet

Concept 2018 Q4 2017 Q4 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $35.40M $24.10M $32.50M
YoY Change 46.89% 21.11% 12.85%
Cash & Equivalents $35.38M $24.08M $32.47M
Short-Term Investments
Other Short-Term Assets $12.80M $16.40M $12.80M
YoY Change -21.95% 69.07% 18.52%
Inventory
Prepaid Expenses
Receivables $58.10M $58.30M $53.30M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $106.3M $98.80M $98.60M
YoY Change 7.59% 19.47% 9.56%
LONG-TERM ASSETS
Property, Plant & Equipment $2.941B $3.293B $3.320B
YoY Change -10.69% -4.14% -3.99%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $13.50M $3.900M
YoY Change 246.05%
Other Assets $111.1M $120.5M $124.5M
YoY Change -7.8% 65.52% 71.25%
Total Long-Term Assets $3.066B $3.414B $3.445B
YoY Change -10.19% -4.48% -4.34%
TOTAL ASSETS
Total Short-Term Assets $106.3M $98.80M $98.60M
Total Long-Term Assets $3.066B $3.414B $3.445B
Total Assets $3.172B $3.512B $3.543B
YoY Change -9.69% -3.93% -4.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $85.90M $78.50M $101.6M
YoY Change 9.43% -2.73% 8.78%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $85.90M $78.50M $101.6M
YoY Change 9.43% -2.73% 8.78%
LONG-TERM LIABILITIES
Long-Term Debt $1.543B $1.699B $1.682B
YoY Change -9.17% -1.84% -2.92%
Other Long-Term Liabilities $83.60M $96.60M $101.1M
YoY Change -13.46% -13.9% -16.17%
Total Long-Term Liabilities $1.627B $1.796B $1.783B
YoY Change -9.41% -2.58% -3.78%
TOTAL LIABILITIES
Total Short-Term Liabilities $85.90M $78.50M $101.6M
Total Long-Term Liabilities $1.627B $1.796B $1.783B
Total Liabilities $1.713B $1.874B $1.884B
YoY Change -8.61% -2.58% -3.19%
SHAREHOLDERS EQUITY
Retained Earnings -$662.7M -$509.8M -$485.6M
YoY Change 29.99% 21.59% 22.2%
Common Stock $838.0K $836.0K $836.0K
YoY Change 0.24% 0.12% 0.12%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.413B $1.565B $1.585B
YoY Change
Total Liabilities & Shareholders Equity $3.172B $3.512B $3.543B
YoY Change -9.69% -3.93% -4.0%

Cashflow Statement

Concept 2018 Q4 2017 Q4 2017 Q3
OPERATING ACTIVITIES
Net Income -$31.71M $2.795M -$204.0K
YoY Change -1234.49% -28.33% -87.87%
Depreciation, Depletion And Amortization $38.00M $41.40M $42.79M
YoY Change -8.21% -5.26% -6.04%
Cash From Operating Activities $35.40M $30.80M $42.70M
YoY Change 14.94% -11.24% 7.29%
INVESTING ACTIVITIES
Capital Expenditures -$12.00M -$10.80M -$26.70M
YoY Change 11.11% -58.78% 10.33%
Acquisitions
YoY Change
Other Investing Activities $56.70M -$12.40M $8.300M
YoY Change -557.26% -219.23% 336.84%
Cash From Investing Activities $44.70M -$23.10M -$18.40M
YoY Change -293.51% 46.2% -17.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -75.60M -16.70M -19.70M
YoY Change 352.69% -48.14% -25.94%
NET CHANGE
Cash From Operating Activities 35.40M 30.80M 42.70M
Cash From Investing Activities 44.70M -23.10M -18.40M
Cash From Financing Activities -75.60M -16.70M -19.70M
Net Change In Cash 4.500M -9.000M 4.600M
YoY Change -150.0% -32.33% -150.55%
FREE CASH FLOW
Cash From Operating Activities $35.40M $30.80M $42.70M
Capital Expenditures -$12.00M -$10.80M -$26.70M
Free Cash Flow $47.40M $41.60M $69.40M
YoY Change 13.94% -31.69% 8.44%

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ComprehensiveIncomeNetOfTax
15180000 USD
CY2018 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-53054000 USD
CY2016 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
1975000 USD
CY2017 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
2092000 USD
CY2018 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-44000 USD
CY2016 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
4987000 USD
CY2017 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
17272000 USD
CY2018 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-53098000 USD
CY2018Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1548770000 USD
CY2018Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
5469000 USD
CY2017Q4 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
9196000 USD
CY2018Q4 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
6566000 USD
CY2017Q4 us-gaap Deferred Costs
DeferredCosts
112359000 USD
CY2018Q4 us-gaap Deferred Costs
DeferredCosts
95415000 USD
CY2017Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
10607000 USD
CY2018Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
12035000 USD
CY2016 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
0 USD
CY2017 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
172091000 USD
CY2018 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
152163000 USD
CY2018Q4 us-gaap Derivative Average Cap Interest Rate
DerivativeAverageCapInterestRate
0.0369
CY2016 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
-4800000 USD
CY2017 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
-2500000 USD
CY2018 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
-800000 USD
CY2017Q4 us-gaap Development In Process
DevelopmentInProcess
45140000 USD
CY2018Q4 us-gaap Development In Process
DevelopmentInProcess
32636000 USD
CY2016 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
47923000 USD
CY2017 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
49643000 USD
CY2018 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
50356000 USD
CY2016 us-gaap Dividends Common Stock
DividendsCommonStock
97231000 USD
CY2018 us-gaap Dividends Common Stock
DividendsCommonStock
106335000 USD
CY2017Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
27200000 USD
CY2018Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
27300000 USD
CY2017 us-gaap Dividends Common Stock
DividendsCommonStock
102402000 USD
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EarningsPerShareBasic
0.01
CY2018Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.37
CY2017 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.56
CY2017Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.00
CY2017Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.12
CY2017Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.01
CY2017Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.03
CY2018Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.21
CY2018Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.02
CY2018Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.05
CY2016 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.14
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.56
CY2016 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1500000 USD
CY2017 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1700000 USD
CY2018 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1700000 USD
CY2017Q4 us-gaap Equity Method Investments
EquityMethodInvestments
3900000 USD
CY2018Q4 us-gaap Equity Method Investments
EquityMethodInvestments
13496000 USD
CY2017Q4 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
107668000 USD
CY2018Q4 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
81852000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
21112000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
7343000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
3484000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
4231000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
5024000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
6369000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
47563000 USD
CY2017Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
8453000 USD
CY2018Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
7741000 USD
CY2016 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
4253000 USD
CY2017 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
15160000 USD
CY2018 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
3424000 USD
CY2016 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
3900000 USD
CY2017 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
5200000 USD
CY2018 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
3100000 USD
CY2016 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
4253000 USD
CY2017Q1 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
8870000 USD
CY2017Q2 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
6290000 USD
CY2017Q3 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
0 USD
CY2017Q4 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
0 USD
CY2017 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
15160000 USD
CY2018Q1 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
500000 USD
CY2018Q2 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
7829000 USD
CY2018Q3 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
-177000 USD
CY2018Q4 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
-4725000 USD
CY2018 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
3424000 USD
CY2016 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-1429000 USD
CY2017 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2017 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
21749000 USD
CY2018 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2016 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
20603000 USD
CY2018 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
21320000 USD
CY2018 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-278000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
814000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-100000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-227000 USD
CY2016 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
545000 USD
CY2017 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 USD
CY2018 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 USD
CY2016 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
13080000 USD
CY2017 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
11569000 USD
CY2018 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
13396000 USD
CY2016 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-387000 USD
CY2017 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-5832000 USD
CY2018 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-990000 USD
CY2016 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
4100000 USD
CY2017 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
3100000 USD
CY2018 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1800000 USD
CY2016 us-gaap Interest Expense
InterestExpense
65577000 USD
CY2017 us-gaap Interest Expense
InterestExpense
65702000 USD
CY2018 us-gaap Interest Expense
InterestExpense
66785000 USD
CY2016 us-gaap Interest Paid Net
InterestPaidNet
67172000 USD
CY2017 us-gaap Interest Paid Net
InterestPaidNet
68819000 USD
CY2018 us-gaap Interest Paid Net
InterestPaidNet
67998000 USD
CY2017Q4 us-gaap Interest Rate Fair Value Hedge Liability At Fair Value
InterestRateFairValueHedgeLiabilityAtFairValue
2400000 USD
CY2018Q4 us-gaap Interest Rate Fair Value Hedge Liability At Fair Value
InterestRateFairValueHedgeLiabilityAtFairValue
3500000 USD
CY2016 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1800000 USD
CY2017 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1700000 USD
CY2018 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1700000 USD
CY2018Q4 us-gaap Lessor Operating Lease Term Of Contract
LessorOperatingLeaseTermOfContract
P4Y6M6D
CY2018Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
3100000 USD
CY2017Q4 us-gaap Liabilities
Liabilities
1874285000 USD
CY2018Q4 us-gaap Liabilities
Liabilities
1712867000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3512498000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3172013000 USD
CY2018 us-gaap Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest
0.976
CY2017Q4 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
1974830 shares
CY2018Q4 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
2035349 shares
CY2017Q4 us-gaap Long Term Debt
LongTermDebt
1699239000 USD
CY2018Q4 us-gaap Long Term Debt
LongTermDebt
1543301000 USD
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
728471000 USD
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
5034000 USD
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
277746000 USD
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
251921000 USD
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
259502000 USD
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
26096000 USD
CY2018Q4 us-gaap Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
1100000000 USD
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-90859000 USD
CY2018Q4 us-gaap Longterm Debt Percentage Bearing Variable Interest Amount
LongtermDebtPercentageBearingVariableInterestAmount
464100000 USD
CY2015Q4 us-gaap Minority Interest
MinorityInterest
773000 USD
CY2016Q4 us-gaap Minority Interest
MinorityInterest
692000 USD
CY2017Q4 us-gaap Minority Interest
MinorityInterest
698000 USD
CY2018Q4 us-gaap Minority Interest
MinorityInterest
698000 USD
CY2016 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
252000 USD
CY2017 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
0 USD
CY2018 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
0 USD
CY2017Q4 us-gaap Minority Interest In Operating Partnerships
MinorityInterestInOperatingPartnerships
72104000 USD
CY2018Q4 us-gaap Minority Interest In Operating Partnerships
MinorityInterestInOperatingPartnerships
45743000 USD
CY2016 us-gaap Minority Interest Period Increase Decrease
MinorityInterestPeriodIncreaseDecrease
2788000 USD
CY2017 us-gaap Minority Interest Period Increase Decrease
MinorityInterestPeriodIncreaseDecrease
6657000 USD
CY2018 us-gaap Minority Interest Period Increase Decrease
MinorityInterestPeriodIncreaseDecrease
425000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-149325000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-289386000 USD
CY2016 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-82948000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2034000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
148333000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
155362000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
154623000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
154383000 USD
CY2016 us-gaap Net Income Loss
NetIncomeLoss
1183000 USD
CY2017 us-gaap Net Income Loss
NetIncomeLoss
11874000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
-46567000 USD
CY2016 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1933000 USD
CY2017 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2014000 USD
CY2018 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
116000 USD
CY2017Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
5000 USD
CY2017Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
10180000 USD
CY2017Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-622000 USD
CY2017Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2309000 USD
CY2018Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-17917000 USD
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1366000 USD
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3938000 USD
CY2018Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-31221000 USD
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NonoperatingIncomeExpense
-169000 USD
CY2017 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-415000 USD
CY2018 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-646000 USD
CY2018 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2018Q4 us-gaap Number Of Properties Subject To Ground Leases
NumberOfPropertiesSubjectToGroundLeases
9 lease
CY2018Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
6 property
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OperatingExpenses
288699000 USD
CY2017 us-gaap Operating Expenses
OperatingExpenses
294074000 USD
CY2018 us-gaap Operating Expenses
OperatingExpenses
336577000 USD
CY2016 us-gaap Operating Income Loss
OperatingIncomeLoss
69676000 USD
CY2017Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
16988000 USD
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
27376000 USD
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
16229000 USD
CY2017Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
19312000 USD
CY2017 us-gaap Operating Income Loss
OperatingIncomeLoss
79905000 USD
CY2018Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-1532000 USD
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
15771000 USD
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
20549000 USD
CY2018Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-13757000 USD
CY2018 us-gaap Operating Income Loss
OperatingIncomeLoss
21031000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
80865000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
1694000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
1636000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
1815000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
1789000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
1777000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
72154000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
1611971000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
252102000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
137125000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
176023000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
209294000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
237022000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
600405000 USD
CY2016 us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
274059000 USD
CY2017 us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
273444000 USD
CY2018 us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
266377000 USD
CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1829000 USD
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-6487000 USD
CY2016 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
1871000 USD
CY2017 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
3384000 USD
CY2018 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-6647000 USD
CY2016 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
179084000 USD
CY2017 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
174625000 USD
CY2018 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
156107000 USD
CY2017Q4 us-gaap Other Liabilities
OtherLiabilities
96564000 USD
CY2018Q4 us-gaap Other Liabilities
OtherLiabilities
83632000 USD
CY2016 us-gaap Other Operating Income
OtherOperatingIncome
5459000 USD
CY2017 us-gaap Other Operating Income
OtherOperatingIncome
4696000 USD
CY2018 us-gaap Other Operating Income
OtherOperatingIncome
3060000 USD
CY2017 us-gaap Partners Capital Account Acquisitions
PartnersCapitalAccountAcquisitions
-3750000 USD
CY2016 us-gaap Payments For Construction In Process
PaymentsForConstructionInProcess
3024000 USD
CY2017 us-gaap Payments For Construction In Process
PaymentsForConstructionInProcess
4276000 USD
CY2018 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
350000 USD
CY2016 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
1429000 USD
CY2017 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
0 USD
CY2018 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
0 USD
CY2016 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
94669000 USD
CY2017 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
101128000 USD
CY2017 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
1400000 USD
CY2018 us-gaap Payments For Construction In Process
PaymentsForConstructionInProcess
777000 USD
CY2016 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1125000 USD
CY2017 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
835000 USD
CY2017 us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
357000 USD
CY2018 us-gaap Payments Of Loan Costs
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10.56
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Concentration of Credit Risk</font><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We may be subject to concentrations of credit risk with regards to our cash and cash equivalents. &#160;We place cash and temporary cash investments with high-credit-quality financial institutions. &#160;From time to time, such cash and investments may temporarily be in excess of insurance limits.&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In addition, our accounts receivable from and leases with tenants potentially subjects us to a concentration of credit risk related to our accounts receivable and revenue.</font></div></div>
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Organization</font><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Kite Realty Group Trust (the "Parent Company"), through its majority-owned subsidiary, Kite Realty Group, L.P. (the &#8220;Operating Partnership&#8221;), owns interests in various operating subsidiaries and joint ventures engaged in the ownership and operation, acquisition, development and redevelopment of high-quality neighborhood and community shopping centers in select markets in the United States. The terms "Company," "we," "us," and "our" refer to the Parent Company and the Operating Partnership, collectively, and those entities owned or controlled by the Parent Company and/or the Operating Partnership.</font></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Operating Partnership was formed on August 16, 2004, when the Parent Company contributed properties and the net proceeds from an initial public offering of shares of its common stock to the Operating Partnership. The Parent Company was organized in Maryland in 2004 to succeed in the development, acquisition, construction and real estate businesses of its predecessor. We believe the Company qualifies as a real estate investment trust (a &#8220;REIT&#8221;) under provisions of the Internal Revenue Code of 1986, as amended.</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Parent Company is the sole general partner of the Operating Partnership, and as of&#160;</font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2018</font><font style="font-family:inherit;font-size:10pt;">&#160;owned approximately&#160;</font><font style="font-family:inherit;font-size:10pt;">97.6%</font><font style="font-family:inherit;font-size:10pt;">&#160;of the common partnership interests in the Operating Partnership (&#8220;General Partner Units&#8221;). The remaining </font><font style="font-family:inherit;font-size:10pt;">2.4%</font><font style="font-family:inherit;font-size:10pt;"> of the common partnership interests (&#8220;Limited Partner Units&#8221; and, together with the General Partner Units, the &#8220;Common Units&#8221;) were owned by the limited partners. As the sole general partner of the Operating Partnership, the Parent Company has full, exclusive and complete responsibility and discretion in the day-to-day management and control of the Operating Partnership. The Parent Company and the Operating Partnership are operated as one enterprise. The management of the Parent Company consists of the same members as the management of the Operating Partnership. As the sole general partner with control of the Operating Partnership, the Parent Company consolidates the Operating Partnership for financial reporting purposes, and the Parent Company does not have any significant assets other than its investment in the Operating Partnership. &#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">At </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2018</font><font style="font-family:inherit;font-size:10pt;">, we owned interests in </font><font style="font-family:inherit;font-size:10pt;">111</font><font style="font-family:inherit;font-size:10pt;"> operating and redevelopment properties totaling approximately </font><font style="font-family:inherit;font-size:10pt;">21.9 million</font><font style="font-family:inherit;font-size:10pt;"> square feet. We also owned </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;"> development project under construction as of this date. Of the </font><font style="font-family:inherit;font-size:10pt;">111</font><font style="font-family:inherit;font-size:10pt;"> properties, </font><font style="font-family:inherit;font-size:10pt;">108</font><font style="font-family:inherit;font-size:10pt;">&#160;are consolidated in these financial statements and the remaining&#160;</font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;">&#160;are accounted for under the equity method.</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">At </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, we owned interests in </font><font style="font-family:inherit;font-size:10pt;">117</font><font style="font-family:inherit;font-size:10pt;"> operating and redevelopment properties totaling approximately </font><font style="font-family:inherit;font-size:10pt;">23.3 million</font><font style="font-family:inherit;font-size:10pt;"> square feet. We also owned </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> development projects under construction as of this date.</font></div></div>
CY2018 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Reclassifications</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain amounts in the accompanying consolidated financial statements for&#160;2016 and 2017&#160;have been reclassified to conform to the&#160;2018&#160;consolidated financial statement presentation.&#160;&#160;The reclassifications had no impact on the net income previously reported.</font></div></div>
CY2018 us-gaap Revenue Recognition Leases Operating
RevenueRecognitionLeasesOperating
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue Recognition</font><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As a lessor of real estate assets, the Company retains substantially all of the risks and benefits of ownership and accounts for its leases as operating leases.</font><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Contractual minimum base rent, percentage rent, and expense reimbursements from tenants for common area maintenance costs, insurance and real estate taxes are our principal sources of revenue.&#160;&#160;Base minimum rents are recognized on a straight-line basis over the terms of the respective leases.&#160;&#160;Certain lease agreements contain provisions that grant additional rents based on a tenant&#8217;s sales volume (contingent overage rent). Overage rent is recognized when tenants achieve the specified sales targets as defined in their lease agreements.&#160;&#160;Overage rent is included in other property related revenue in the accompanying consolidated statements of operations.&#160;&#160;We have accounts receivable due from tenants and are subject to the risk of tenant defaults and bankruptcies that may affect the collection of outstanding receivables. To address the collectability of these receivables, we analyze historical write-off experience, tenant credit-worthiness and current economic trends when evaluating the adequacy of our allowance for uncollectible accounts and straight-line rent reserve accordingly. Although we estimate uncollectible receivables and provide for them through charges against income, actual experience may differ from those estimates.</font></div></div>

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