FRANKLIN STREET PROPERTIES CORPFSP
| Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
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Net income (loss) | - | - | - | - | - | -16 | 13 | 6 | 33 | 93 | 1 | -48 |
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Depreciation and amortization expense | 50 | 58 | 81 | 98 | 93 | 104 | 97 | 94 | 92 | 81 | 66 | 57 |
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Amortization of above and below market leases | - | - | - | - | - | -1 | -1 | -0 | -0 | -0 | -0 | -0 |
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Shares issued as compensation | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 |
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Loss on extinguishment of debt | - | - | - | - | - | - | - | - | - | -1 | -0 | -0 |
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Amortization of other comprehensive income into interest expense | - | - | - | - | - | - | - | - | - | - | - | -4 |
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Impairment and loan loss reserve | - | - | - | - | - | - | - | - | - | - | 4 | - |
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Loss on extinguishment of debt | - | - | - | - | - | - | - | - | - | -1 | -0 | -0 |
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Gain on sale of properties, net | - | - | - | - | - | - | - | - | 42 | 113 | 28 | - |
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Gain on consolidation of Sponsored REIT | - | - | - | - | - | - | - | - | - | - | - | 0 |
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Equity in income of non-consolidated REITs | 4 | 2 | -1 | -2 | -1 | -4 | 7 | - | - | 0 | - | - |
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Distributions from non-consolidated REITs | 3 | 1 | - | - | - | - | - | - | - | 0 | - | - |
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(Gain) loss on sale of properties and impairment of assets held for sale, net | - | - | - | - | - | - | - | - | - | - | - | -23 |
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Provision for Doubtful Accounts | -0 | 0 | -1 | 0 | -0 | 0 | -0 | -0 | -0 | - | - | - |
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Equity in income of non-consolidated REITs | 4 | 2 | -1 | -2 | -1 | -4 | 7 | - | - | 0 | - | - |
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Distributions from non-consolidated REITs | 3 | 1 | - | - | - | - | - | - | - | 0 | - | - |
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Tenant rent receivables | -1 | 0 | 2 | -0 | -2 | 0 | 1 | -0 | 4 | -6 | 0 | -0 |
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Straight-line rents | - | 4 | 6 | 5 | 2 | 2 | -0 | 9 | 2 | 4 | 6 | -1 |
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Lease acquisition costs | - | 3 | 1 | 0 | 1 | 2 | 1 | 4 | 2 | 2 | 4 | 2 |
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Prepaid expenses and other assets | -2 | 0 | 2 | -1 | -0 | 0 | 2 | -2 | 0 | -0 | 2 | -0 |
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Accounts payable and accrued expenses | 4 | 4 | 11 | 0 | 6 | 4 | -4 | 4 | 8 | -11 | -6 | -3 |
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Accrued compensation | 0 | 0 | 0 | 1 | -0 | -0 | -1 | 0 | 1 | 1 | -1 | - |
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Tenant security deposits | 0 | 0 | 2 | 0 | 1 | 0 | 1 | 3 | -1 | -2 | -1 | 0 |
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Payment of deferred leasing commissions | 8 | 5 | 9 | 6 | 8 | 14 | 15 | 15 | 14 | 12 | 8 | 8 |
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Net cash provided by operating activities | 61 | 70 | 92 | 103 | 103 | 96 | 80 | 82 | 68 | 36 | 15 | 18 |
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Property improvements, fixtures and equipment | - | - | - | 18 | 22 | 54 | 51 | 71 | 78 | 65 | 55 | 32 |
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Investment in related party mortgage loan receivable | - | 75 | 8 | 11 | 25 | - | - | 2 | - | 3 | - | - |
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Consolidation of Sponsored REIT | - | - | - | - | - | - | - | - | - | - | - | 3 |
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Proceeds received from sales of properties | 97 | 0 | 12 | 14 | 85 | 38 | - | - | 89 | 573 | 129 | 142 |
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Net cash provided by investing activities | -218 | -172 | -563 | 2 | -38 | -5 | 26 | -20 | 11 | 505 | 74 | 114 |
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Distributions to stockholders | 62 | 63 | 70 | 76 | 76 | 81 | 49 | 39 | 39 | 38 | 54 | 4 |
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Stock repurchases | - | - | - | - | - | - | - | - | - | 18 | 5 | - |
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Proceeds from Hedge, Financing Activities | - | - | - | - | - | - | - | - | - | - | - | 4 |
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Proceeds from Lines of Credit | 449 | 295 | 160 | 15 | 110 | 75 | 38 | 45 | 105 | 92 | 90 | 77 |
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Stock repurchases | - | - | - | - | - | - | - | - | - | 18 | 5 | - |
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Repayments of bank note payable | 210 | 527 | 70 | 54 | 88 | 277 | 91 | 70 | 102 | 95 | 42 | 35 |
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Proceeds from Lines of Credit | 449 | 295 | 160 | 15 | 110 | 75 | 38 | 45 | 105 | 92 | 90 | 77 |
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Repayment of term loan payable | - | - | - | - | - | - | - | - | 50 | 445 | 110 | 50 |
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Repayments of bank note payable | 210 | 527 | 70 | 54 | 88 | 277 | 91 | 70 | 102 | 95 | 42 | 35 |
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Deferred financing costs | 5 | 5 | 2 | 2 | - | 7 | 2 | 0 | - | - | 3 | 2 |
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Repayment of term loan payable | - | - | - | - | - | - | - | - | 50 | 445 | 110 | 50 |
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Net cash used in financing activities | 113 | 99 | 469 | -117 | -54 | -90 | -104 | -64 | -85 | -505 | -123 | -10 |
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Deferred financing costs | 5 | 5 | 2 | 2 | - | 7 | 2 | 0 | - | - | 3 | 2 |
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Net cash used in financing activities | 113 | 99 | 469 | -117 | -54 | -90 | -104 | -64 | -85 | -505 | -123 | -10 |
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Net increase (decrease) in cash, cash equivalents and restricted cash | - | - | - | - | - | - | 1 | -1 | -6 | 37 | -34 | 121 |
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Interest | - | - | - | - | - | 30 | 36 | 34 | 33 | 30 | 21 | 26 |
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Taxes on income | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 1 | 0 | 0 | 1 | 0 |
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Capital Expenditures Incurred but Not yet Paid | 1 | 2 | 4 | 2 | 3 | 5 | 7 | 11 | 9 | 5 | 10 | 8 |
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Notes Assumed | - | - | - | - | - | - | - | - | - | - | - | 20 |
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