Community Healthcare Trust Inc
For the period ended Sep 30, 2024. Filed Oct 29, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 29, 2024
CHCT$15.27+2.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited; Dollars in thousands)
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2024 | 2023 | |
| OPERATING ACTIVITIES | ||
| Net (loss) income | $(5,013) | $3,147 |
| Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ||
| Depreciation and amortization | 31,981 | 29,445 |
| Other amortization | 636 | 558 |
| Stock-based compensation | 7,390 | 6,137 |
| Accelerated amortization of stock-based compensation | — | 11,799 |
| Straight-line rent receivable | (1,230) | (2,180) |
| Net gain from insurance recovery on casualty loss | — | (706) |
| Impairment of real estate asset, net of gain on sale | 135 | 102 |
| Credit loss reserve | 11,000 | — |
| Deferred income tax expense | — | 306 |
| Changes in operating assets and liabilities: | ||
| Other assets | (3,543) | (3,082) |
| Accounts payable and accrued liabilities | 2,263 | 3,337 |
| Other liabilities | (402) | (1,772) |
| Net cash provided by operating activities | 43,217 | 47,091 |
| INVESTING ACTIVITIES | ||
| Acquisitions of real estate | (64,152) | (91,993) |
| Proceeds from sale of real estate | 965 | — |
| Funding of notes receivable | (2,875) | (1,985) |
| Proceeds from the repayment of notes receivable | 2,370 | 3,045 |
| Insurance proceeds from casualty loss | — | 2,273 |
| Capital expenditures on existing real estate properties | (19,483) | (11,461) |
| Net cash used in investing activities | (83,175) | (100,121) |
| FINANCING ACTIVITIES | ||
| Net borrowings on revolving credit facility | 75,000 | 48,000 |
| Mortgage note repayments | (4,820) | (94) |
| Dividends paid | (38,554) | (35,632) |
| Proceeds from issuance of common stock | 7,492 | 34,766 |
| Taxes paid on behalf of employees and shares withheld upon shares vesting | (785) | (963) |
| Equity issuance costs | (172) | (182) |
| Net cash provided by financing activities | 38,161 | 45,895 |
| Decrease in cash, cash equivalents and restricted cash | (1,797) | (7,135) |
| Cash, cash equivalents and restricted cash, beginning of period | 4,633 | 12,068 |
| Cash, cash equivalents and restricted cash, end of period | $2,836 | $4,933 |
| Supplemental Cash Flow Information: | ||
| Interest paid (net of capitalized interest) | $16,932 | $9,868 |
| Invoices accrued for construction, tenant improvement, and other capitalized costs | $5,124 | $4,922 |
| Reclassification of registration statement costs incurred in prior years to equity issuance costs | $269 | $145 |
| Increase in fair value of cash flow hedges | $1,824 | $13,593 |
| Income taxes paid | $31 | $90 |
| Capitalized interest | $154 | $514 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.