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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net income $ 12,555 $ 12,650
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 31,892 28,970
Amortization of intangibles 27,416 25,641
Amortization of deferred financing costs 2,400 1,823
Amortization of below-market lease liabilities (1,807) (1,644)
Amortization of above-market lease assets 2,371 2,089
Amortization of above- and below- market ground lease assets 488 463
Bad debt expense 104 593
Unbilled straight-line rent (3,336) (6,917)
Equity-based compensation (855) (2,219)
Unrealized (gain) loss on foreign currency transactions, derivatives, and other (3,706) 4,903
Unrealized loss on undesignated foreign currency advances and other hedge ineffectiveness 90 3,853
Gain on disposition of real estate investments 3,818 (814)
Changes in operating assets and liabilities, net:    
Prepaid expenses and other assets (7,358) (2,616)
Deferred tax assets 23 (67)
Accounts payable and accrued expenses 7,800 99
Prepaid rent (1,845) 2,435
Deferred tax liability (350) 1,063
Taxes payable (542) (1,693)
Net cash provided by operating activities 69,688 68,916
Cash flows from investing activities:    
Investment in real estate and real estate related assets (161,786) (30,290)
Deposits for real estate acquisitions (24,551) 0
Capital expenditures (546) (541)
Proceeds from dispositions of real estate investments 19,376 12,440
Payments for settlement of derivatives (561) 0
Net cash used in investing activities (168,068) (18,391)
Cash flows from financing activities:    
Borrowings under revolving credit facilities 192,000 75,335
Repayments on revolving credit facilities (30,000) (5,050)
Repayment of mezzanine facility 0 (56,537)
Proceeds from mortgage notes payable 32,750 0
Payments on mortgage notes payable (25,362) (21,758)
Issuance of common stock, net (72) 18,333
Issuance of preferred stock, net (219) 0
Payments of financing costs 0 (967)
Dividends paid on Common Stock (71,661) (70,759)
Dividends paid on Preferred Stock (4,906) 0
Distributions to non-controlling interest holders (158) (415)
Advances/acquired related party receivable (Note 10) 0 3,853
Net cash provided by (used in) financing activities 92,372 (57,965)
Net change in cash, cash equivalents and restricted cash (6,008) (7,440)
Effect of exchange rate changes on cash (5,520) 2,662
Cash, cash equivalents and restricted cash, beginning of period 107,727 77,328
Cash, cash equivalents and restricted cash, end of period 96,199 72,550
Cash, cash equivalents and restricted cash, end of period 107,727 77,328
Supplemental Disclosures:    
Cash paid for interest 24,981 20,741
Cash paid for income taxes 2,812 3,109
Secured Debt    
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of debt discounts and premiums, net and mezzanine loan 530 287
Mortgages | Mezzanine Facility    
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of debt discounts and premiums, net and mezzanine loan $ 0 $ 17