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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flows from Operating Activities:    
Net income $ 210,077 $ 66,780
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 83,339 80,004
Amortization of debt issuance costs net of favorable settlement of interest rate swaps 1,319 419
Other amortization 64,076 52,057
Impairment loss on real estate assets 0 1,953
Loss on early extinguishment of debt 349 0
General reserve for uncollectible accounts 4,831 0
Stock compensation expense 6,980 12,365
Gain on sale of real estate assets (191,032) (39,370)
Changes in assets and liabilities:    
Increase in tenant and straight-line rent receivables (30,898) (10,660)
Increase in prepaid expenses and other assets (3,745) (1,958)
Cash paid upon settlement of interest rate swaps (19,930) 0
Increase/(decrease) in accounts payable and accrued expenses 12,834 (2,496)
Increase in deferred income 610 1,149
Net cash provided by operating activities 138,810 160,243
Cash Flows from Investing Activities:    
Acquisition of real estate assets and intangibles (396,745) (326,144)
Capitalized expenditures (80,007) (57,368)
Net sales proceeds from wholly-owned properties 350,807 180,975
Deferred lease costs paid (27,011) (16,632)
Net cash used in investing activities (152,956) (219,169)
Cash Flows from Financing Activities:    
Debt issuance and other costs paid (1,116) (91)
Proceeds from debt 1,136,383 550,000
Repayments of debt (1,001,711) (358,041)
Discount paid due to loan modification (525) 0
Costs of issuance of common stock 0 (259)
Value of shares withheld for payment of taxes related to employee stock compensation (2,700) (3,295)
Repurchases of common stock as part of announced plan 0 (16,899)
Dividends paid and discount on dividend reinvestments (105,832) (106,419)
Net cash provided by financing activities 24,499 64,996
Net increase in cash, cash equivalents, and restricted cash and escrows 10,353 6,070
Cash, cash equivalents, and restricted cash and escrows, beginning of period 15,386 6,034
Cash, cash equivalents, and restricted cash and escrows, end of period $ 25,739 $ 12,104