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SEC Filings

8-K
WASHINGTON PRIME GROUP INC. filed this Form 8-K on 07/26/2018
Entire Document
 


CONSOLIDATED BALANCE SHEETS
Washington Prime Group Inc.
(Unaudited, dollars in thousands)

 
 
June 30,
2018
 
 
December 31,
2017
 
 
 
 
Assets:
 
 
 
 
 
Investment properties at cost
 
$
5,868,879

 
 
$
5,761,714

Construction in progress
 
44,594

 
 
46,046

 
 
5,913,473

 
 
5,807,760

Less: accumulated depreciation
 
2,226,646

 
 
2,139,620

 
 
3,686,827

 
 
3,668,140

 
 
 
 
 
 
Cash and cash equivalents
 
53,987

 
 
52,019

Tenant receivables and accrued revenue, net
 
79,363

 
 
90,314

Investment in and advances to unconsolidated entities, at equity
 
443,963

 
 
451,839

Deferred costs and other assets
 
207,928

 
 
189,095

Total assets
 
$
4,472,068

 
 
$
4,451,407

 
 
 
 
 
 
Liabilities:
 
 
 
 
 
Mortgage notes payable
 
$
1,060,687

 
 
$
1,157,082

Notes payable
 
981,026

 
 
979,372

Unsecured term loans
 
684,939

 
 
606,695

Revolving credit facility
 
275,440

 
 
154,460

Accounts payable, accrued expenses, intangibles, and deferred revenues
 
251,422

 
 
264,998

Distributions payable
 
2,992

 
 
2,992

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

 
 
15,421

Total liabilities
 
3,271,927

 
 
3,181,020

 
 
 
 
 
 
Redeemable noncontrolling interests
 
3,265

 
 
3,265

 
 
 
 
 
 
Equity:
 
 
 
 
 
Stockholders' equity
 
 
 
 
 
Series H cumulative redeemable preferred stock
 
104,251

 
 
104,251

Series I cumulative redeemable preferred stock
 
98,325

 
 
98,325

Common stock
 
19

 
 
19

Capital in excess of par value
 
1,244,211

 
 
1,240,483

Accumulated deficit
 
(418,472
)
 
 
(350,594
)
Accumulated other comprehensive income
 
12,403

 
 
6,920

Total stockholders' equity
 
1,040,737

 
 
1,099,404

Noncontrolling interests
 
156,139

 
 
167,718

Total equity
 
1,196,876

 
 
1,267,122

Total liabilities, redeemable noncontrolling interests and equity
 
$
4,472,068

 
 
$
4,451,407





©2013- WASHINGTON PRIME GROUP