Company: FR
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000921825-25-000019
Chunk: 123

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 123
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239)(239)Balance as of December 31, 2024$2,598,962 $127,870 $20,485 $7,940 $2,755,257 

The accompanying notes are an integral part of the consolidated financial statements.

64

FIRST INDUSTRIAL, L.P.CONSOLIDATED STATEMENTS OF CASH FLOWSYear Ended December 31, 2024Year Ended December 31, 2023Year Ended December 31, 2022 (In thousands)CASH FLOWS FROM OPERATING ACTIVITIES:Net Income$295,988 $285,837 $381,612 Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:Depreciation139,202 130,427 119,477 Amortization of Debt Issuance Costs3,646 3,626 3,187 Other Amortization, Including Equity Based Compensation37,091 34,088 32,845 Equity in Income of Joint Ventures(4,295)(32,207)(114,942)Distributions from Joint Ventures2,945 7,400 118,034 Gain on Sale of Real Estate(111,970)(95,650)(128,268)Gain on Involuntary Conversion— — (1,495)Straight-line Rental Income and Expense, Net(20,801)(21,925)(25,962)Increase in Tenant Accounts Receivable, Prepaid Expenses and Other Assets, Net(656)(2,365)(4,898)Increase (Decrease) in Accounts Payable, Accrued Expenses, Other Liabilities, Rents Received in Advance and Security Deposits11,392 (4,418)31,307 Net Cash Provided by Operating Activities352,542 304,813 410,897 CASH FLOWS FROM INVESTING ACTIVITIES:Acquisitions of Real Estate(73,861)(131,057)(305,326)Additions to Investment in Real Estate and Non-Acquisition Tenant Improvements and Lease Costs(215,565)(361,927)(522,368)Net Proceeds from Sales of Investments in Real Estate158,924 120,411 175,409 (Increase) Decrease in Escrow Deposits(150)3,877 (450)Proceeds from Involuntary Conversion— — 1,495 Contributions to and