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SEC Filings

10-K
WASHINGTON PRIME GROUP INC. filed this Form 10-K on 02/24/2017
Entire Document
 

Washington Prime Group Inc.
Consolidated Balance Sheets
(dollars in thousands, except share and par value amounts)

 
 
December 31, 2016
 
December 31, 2015
ASSETS:
 
 
 
 
Investment properties at cost
 
$
6,294,628

 
$
6,656,200

Less: accumulated depreciation
 
2,122,572

 
2,225,750

 
 
4,172,056

 
4,430,450

Cash and cash equivalents
 
59,353

 
116,253

Tenant receivables and accrued revenue, net
 
99,967

 
91,603

Real estate assets held-for-sale
 
50,642

 
30,000

Investment in and advances to unconsolidated entities, at equity
 
458,892

 
488,071

Deferred costs and other assets
 
266,556

 
303,232

Total assets
 
$
5,107,466

 
$
5,459,609

LIABILITIES:
 
 
 
 
Mortgage notes payable
 
$
1,618,080

 
$
1,793,439

Notes payable
 
247,637

 
246,728

Unsecured term loans
 
1,334,522

 
1,332,812

Revolving credit facility
 
306,165

 
275,622

Accounts payable, accrued expenses, intangibles, and deferred revenues
 
309,178

 
379,112

Distributions payable
 
2,992

 
2,992

Cash distributions and losses in unconsolidated entities, at equity
 
15,421

 
15,399

Total liabilities
 
3,833,995

 
4,046,104

Redeemable noncontrolling interests
 
10,660

 
6,132

EQUITY:
 
 
 
 
Stockholders' Equity:
 
 
 
 
Series H Cumulative Redeemable Preferred Stock, $0.0001 par value, 4,000,000 shares issued and outstanding as of December 31, 2016 and 2015, respectively
 
104,251

 
104,251

Series I Cumulative Redeemable Preferred Stock, $0.0001 par value, 3,800,000 shares issued and outstanding as of December 31, 2016 and 2015, respectively
 
98,325

 
98,325

Common stock, $0.0001 par value, 300,000,000 shares authorized,
185,427,411 and 185,304,555 issued and outstanding as of December 31, 2016 and 2015, respectively
 
19

 
19

Capital in excess of par value
 
1,232,638

 
1,225,926

Accumulated deficit
 
(346,706
)
 
(214,243
)
Accumulated other comprehensive income
 
4,916

 
1,716

Total stockholders' equity
 
1,093,443

 
1,215,994

Noncontrolling interests
 
169,368

 
191,379

Total equity
 
1,262,811

 
1,407,373

Total liabilities, redeemable noncontrolling interests and equity
 
$
5,107,466

 
$
5,459,609


The accompanying notes are an integral part of these statements.


F-4

©2013- WASHINGTON PRIME GROUP