CorEnergy Infrastructure Trust, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

Consolidated Statements of Cash Flows (USD $)	1 Months Ended	12 Months Ended
Consolidated Statements of Cash Flows (USD $)	Dec. 31, 2012	Dec. 31, 2014	Dec. 31, 2013	Nov. 30, 2012
Statement of Cash Flows [Abstract]
Net Income (Loss)	$ (1,521,743)us-gaap_ProfitLoss	$ 8,570,013us-gaap_ProfitLoss	$ 5,969,106us-gaap_ProfitLoss	$ 12,348,721us-gaap_ProfitLoss
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Deferred income tax, net	(4,776,090)	(4,069,500)	2,936,044	7,199,669
Depreciation	499,357us-gaap_Depreciation	13,133,886us-gaap_Depreciation	11,429,980us-gaap_Depreciation	1,118,269us-gaap_Depreciation
Amortization	42,645us-gaap_AdjustmentForAmortization	1,155,131us-gaap_AdjustmentForAmortization	909,724us-gaap_AdjustmentForAmortization	200,056us-gaap_AdjustmentForAmortization
Realized and unrealized (gain) loss on trading securities	1,769,058	0	251,213	(4,009,933)
Realized and unrealized (gain) loss on other equity securities	159,495us-gaap_UnrealizedGainLossOnInvestments	(1,357,496)us-gaap_UnrealizedGainLossOnInvestments	(5,617,766)us-gaap_UnrealizedGainLossOnInvestments	(16,171,944)us-gaap_UnrealizedGainLossOnInvestments
Distributions received from investment securities	316,756	(70,720)	(11,095)	0
Distributions received from investment securities	0	960,384	(567,276)	4,985,370
Changes in assets and liabilities:
(Increase) decrease in accounts receivable	647,363	(178,100)	(1,145,299)	(167,302)
(Increase) decrease in lease receivable	0	(788,567)	(711,229)	474,152
(Increase) decrease in prepaid expenses and other assets	(177,521)	96,743	272,194	(233,272)
Increase (decrease) in management fee payable	(109,780)	468,961	555,892	5,403
Increase (decrease) in accounts payable and other accrued liabilities	232,225	(2,276,773)	260,538	1,528,541
Increase (decrease) in current income tax liability	3,922,682	583,361	(4,690,329)	0
Increase (decrease) in unearned revenue	(237,077)	711,230	(2,133,685)	2,370,762
Net cash provided by operating activities	767,370	16,938,553	7,708,012	9,648,492
Investing Activities
Proceeds from sale of long-term investment of trading and other equity securities	26,085,740	10,806,879	5,580,985	9,983,169
Deferred lease costs	(796,649)	0	(74,037)	0
Acquisition expenditures	(205,706,823)	(168,204,309)	(1,834,036)	(942,707)
Purchases of property and equipment	(421)	(11,970)	(40,670)	(30,321)
Proceeds from sale of property and equipment	0	948	5,201	3,076
Issuance of financing notes receivable	0	(20,648,714)	0	0
Return of capital on distributions received	0	981,373	1,772,776	0
Net cash provided by (used in) investing activities	(180,418,153)	(177,075,793)	5,410,219	9,013,217
Financing Activities
Payments on lease obligation	(6,824)	0	(20,698)	(80,028)
Debt financing costs	(1,391,846)us-gaap_PaymentsOfFinancingCosts	(3,269,429)us-gaap_PaymentsOfFinancingCosts	(144,798)us-gaap_PaymentsOfFinancingCosts	(1,054,302)us-gaap_PaymentsOfFinancingCosts
Net offering proceeds	84,516,780	141,797,913	(523,094)	0
Debt issuance	70,000,000	0	0	0
Proceeds from non-controlling interest	30,000,000	0	0	0
Common stock issued under directors compensation plan	0	30,000	0	0
Dividends paid	0us-gaap_PaymentsOfOrdinaryDividends	(15,187,976)us-gaap_PaymentsOfOrdinaryDividends	(8,946,941)us-gaap_PaymentsOfOrdinaryDividends	(3,919,249)us-gaap_PaymentsOfOrdinaryDividends
Distributions to non-controlling interest	0	(2,737,712)	(3,282,152)	0
Advances on revolving line of credit	530,000us-gaap_ProceedsFromLinesOfCredit	34,676,948us-gaap_ProceedsFromLinesOfCredit	221,332us-gaap_ProceedsFromLinesOfCredit	5,285,000us-gaap_ProceedsFromLinesOfCredit
Advances on revolving line of credit	(650,000)us-gaap_RepaymentsOfLinesOfCredit	(2,617,606)us-gaap_RepaymentsOfLinesOfCredit	(139,397)us-gaap_RepaymentsOfLinesOfCredit	(5,165,000)us-gaap_RepaymentsOfLinesOfCredit
Principal payment on credit facility	0us-gaap_RepaymentsOfLongTermDebt	(2,940,000)us-gaap_RepaymentsOfLongTermDebt	0us-gaap_RepaymentsOfLongTermDebt	(2,188,000)us-gaap_RepaymentsOfLongTermDebt
Net cash provided by (used in) financing activities	182,998,110	149,752,138	(12,835,748)	(7,121,579)
Net Change in Cash and Cash Equivalents	3,347,327	(10,385,102)	282,483	11,540,130
Cash and Cash Equivalents at beginning of period	14,333,456	17,963,266	17,680,783	2,793,326
Cash and Cash Equivalents at end of period	17,680,783	7,578,164	17,963,266	14,333,456
Supplemental Disclosure of Cash Flow Information
Interest paid	2,765us-gaap_InterestPaid	2,762,903us-gaap_InterestPaid	2,651,355us-gaap_InterestPaid	203,611us-gaap_InterestPaid
Income taxes paid (net of refunds)	0us-gaap_IncomeTaxesPaid	3,260,576us-gaap_IncomeTaxesPaid	4,637,068us-gaap_IncomeTaxesPaid	96,000us-gaap_IncomeTaxesPaid
Non-Cash Investing Activities
Leased property	205,706,823	48,578,082	(1,834,036)	(942,707)
Security proceeds from sale in long-term investment of other equity securities	23,046,215corr_LongTermInvestmentsSold	0corr_LongTermInvestmentsSold	0corr_LongTermInvestmentsSold	26,565,400corr_LongTermInvestmentsSold
Reclassification of prepaid expenses and other assets to deferred lease costs	753,940	0	0	0
Reclassification of prepaid expenses and other assets to acquisition expenditures	181,766	0	0	0
Change in accounts payable and accrued expenses related to deferred lease costs	(653,747)	0	(68,417)	0
Change in accounts payable and accrued expenses related to acquisition expenditures	1,624,680	270,615	(1,545,163)	0
Change in accounts payable and accrued expenses related to issuance of financing and other notes receivable	0	39,248	0	0
Acquisitions, net of cash acquired:
Property and equipment	0	(120,083,133)	0	0
Other equity securities	0	(97,500)	0	0
Accounts receivable	0	(1,357,905)	0	0
Prepaid expenses and other assets	0	(150,485)	0	0
Accounts payable	0	3,781,664	0	0
Goodwill	0	(1,718,868)	0	0
Total acquisitions, net of cash acquired	205,706,823	168,204,309	(1,834,036)	(942,707)
Non-Cash Financing Activities
Reclassification of prepaid expenses and other assets to issuance of equity	617,308	0	0	0
Reclassification of prepaid expenses and other assets to debt financing costs	436,994	0	0	0
Change in accounts payable and accrued expenses related to the issuance of equity	391,322	72,685	(523,094)	0
Change in accounts payable and accrued expenses related to debt financing costs	(291,667)	(176,961)	116,383	0
Reinvestment of distributions by common stockholders in additional common shares	$ 0	$ 140,108	$ 108,119	$ 121,024