Company: LXP
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001444838-25-000023
Chunk: 132

Company: LXP Industrial Trust
Filing Date: 2025-02-13
Form: 10-K
Item: Item 8
Chunk 132
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2024, the Company expects to incur approximately $29,750, excluding noncontrolling interests' share and potential developer fees or partner buyouts, to substantially fund the leasing costs for the Company's placed-in service development projects and infrastructure work for the Company's consolidated and non-consolidated land parcels held for development. The Company is unable to estimate (1) the timing of any required funding for the such leasing costs until leases are executed and (2) the timing or amount of any additional costs related to the land parcels until the Company commits to such additional costs. As of December 31, 2024, the outstanding liability for unpaid severance expense was $1,482 which is included in accounts payable and other liabilities of the consolidated balance sheet.From time to time, the Company is directly or indirectly involved in legal proceedings arising in the ordinary course of business. Management believes, based on currently available information, and after consultation with legal counsel, that although the outcomes of those normal course proceedings are uncertain, the results of such proceedings, in the aggregate, will not have a material adverse effect on the Company's business, financial condition and results of operations.

(20)    Supplemental Disclosure of Statement of Cash Flow Information

202420232022Reconciliation of cash, cash equivalents and restricted cash:Cash and cash equivalents at beginning of period$199,247 $54,390 $190,926 Restricted cash at beginning of period216 116 101 Cash, cash equivalents and restricted cash at beginning of period$199,463 $54,506 $191,027 Cash and cash equivalents at end of period$101,836 $199,247 $54,390 Restricted cash at end of period237 216 116 Cash, cash equivalents and restricted cash at end of period$102,073 $199,463 $54,506 In addition to disclosures discussed elsewhere, during 2024, 2023 and 2022, the Company paid $66,699, $51,763 and $48,675, respectively, for interest and $274, $951 and $1,265, respectively, for income taxes.For the years ended December 31, 2024, 2023 and 2022, the Company accrued additions for capital projects of $14,683, $21,052 and $42,962, respectively.

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Table of ContentsLXP INDUSTRIAL TRUST AND SUBSIDIARIESNOTES TO CONS