Company: CMCT
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0000908311-25-000017
Chunk: 203

Company: Creative Media & Community Trust Corp
Filing Date: 2025-03-07
Form: 10-K
Item: Item 8
Chunk 203
---
)CASH FLOWS FROM FINANCING ACTIVITIES:Payment of revolving credit facilities, mortgages payable, term notes and principal on SBA 7(a) loan-backed notes(171,767)(278,347)Proceeds from revolving credit facilities, term notes and mortgages209,746 334,882 Proceeds from SBA 7(a) loan-backed notes— 54,141 Payment of principal on secured borrowings(1,646)(2,972)Payment of deferred preferred stock offering costs(1,586)(859)Payment of deferred costs(4,489)(3,211)Payment of common dividends(5,811)(7,732)Net proceeds from issuance of Preferred Stock40,445 103,228 Payment of preferred stock dividends(25,574)(29,500)        

(Continued)

CREATIVE MEDIA & COMMUNITY TRUST CORPORATION AND SUBSIDIARIES

Consolidated Statements of Cash Flows (Continued)

(In thousands)

Year Ended December 31,20242023Redemption of Preferred Stock(25,373)(106,146)Noncontrolling interests’ distributions(43)(38)Net cash provided by financing activities 13,902 63,446 NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH8,640 (13,252)CASH AND CASH EQUIVALENTS AND RESTRICTED CASH:Beginning of period44,228 57,480 End of period$52,868 $44,228 RECONCILIATION OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH TO THE CONSOLIDATED BALANCE SHEETS:Cash and cash equivalents$20,262 $19,290 Restricted cash32,606 24,938 Total cash and cash equivalents and restricted cash$52,868 $44,228 SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:Cash paid during the period for interest$34,874 $31,079 Federal income taxes paid$845 $1,560 SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING AND FINANCING ACTIVITIES:Accrued capital expenditures, tenant improvements and real estate developments$7,569 $1,502 Proceeds from the sale of real estate committed but not yet received$— $1,096 Other amounts