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CONDENSED CONSOLIDATED FINANCIAL STATEMENTS OF CASH FLOW (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flow from operating activities:    
Net income $ 6,859 $ 5,037
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 23,309 15,469
Amortization of deferred loan costs 813 791
Amortization of senior notes discount 64 62
Equity-based compensation expense 2,050 1,307
Bad debt expense 527 58
Deferred tax benefit (2,605)  
Changes in operating assets and liabilities    
Rents and other receivables, net (3,173) (1,209)
Prepaid expenses (4,056) (3,398)
Other assets (129) 190
Accounts payable and accrued liabilities (12,784) (5,376)
Advance rents, security deposits and other liabilities 1,510 138
Deferred income (406) 870
Net cash provided by operating activities $ 11,979 $ 13,939
Cash flow from investing activities:    
Acquisitions, net of cash acquired
Additions to property and equipment $ (78,053) $ (73,399)
Net cash used in investing activities (78,053) (73,399)
Cash flow from financing activities:    
Credit facility proceeds 86,000 65,162
Debt repayment   (165,000)
Payment of deferred financing costs   (352)
Payment of cash dividend (13,193) (8,531)
Distribution to noncontrolling interest (2,186) (2,174)
Principal payments on capital lease obligations (3,228) (467)
Mortgage principal debt repayments   (584)
Equity issuance costs (379)  
Equity proceeds, net of costs   166,366
Net cash provided by financing activities 67,014 54,420
Net increase (decrease) in cash and cash equivalents 940 (5,040)
Cash and cash equivalents, beginning of period 8,804 10,788
Cash and cash equivalents, end of period 9,744 5,748
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest (excluding deferred financing costs and amounts capitalized) 9,304 9,439
Noncash investing and financing activities:    
Accrued capital additions 37,571 $ 61,492
Accrued equity issuance costs 7  
Acquired intangibles 14,700  
Prepaid expenses 86  
Goodwill (10,060)  
Accounts payable and accrued liabilities (5)  
Deferred income 149  
Deferred income taxes $ (4,870)  
Total acquisitions, net of cash acquired
Qualitytech, LP [Member]    
Cash flow from operating activities:    
Net income $ 6,859 $ 5,037
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 23,309 15,469
Amortization of deferred loan costs 813 791
Amortization of senior notes discount 64 62
Equity-based compensation expense 2,050 1,307
Bad debt expense 527 58
Deferred tax benefit (2,605)  
Changes in operating assets and liabilities    
Rents and other receivables, net (3,173) (1,209)
Prepaid expenses (4,056) (3,398)
Other assets (129) 190
Accounts payable and accrued liabilities (12,784) (5,376)
Advance rents, security deposits and other liabilities 1,510 138
Deferred income (406) 870
Net cash provided by operating activities $ 11,979 $ 13,939
Cash flow from investing activities:    
Acquisitions, net of cash acquired
Additions to property and equipment $ (78,053) $ (73,399)
Net cash used in investing activities (78,053) (73,399)
Cash flow from financing activities:    
Credit facility proceeds 86,000 65,162
Debt repayment   (165,000)
Payment of deferred financing costs   (352)
Payment of cash dividend (13,193) (8,531)
Partnership distributions (2,186) (2,174)
Principal payments on capital lease obligations (3,228) (467)
Mortgage principal debt repayments   (584)
Equity issuance costs $ (379)  
Equity proceeds, net of costs 166,366
Net cash provided by financing activities $ 67,014 54,420
Net increase (decrease) in cash and cash equivalents 940 (5,040)
Cash and cash equivalents, beginning of period 8,804 10,788
Cash and cash equivalents, end of period 9,744 5,748
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest (excluding deferred financing costs and amounts capitalized) 9,304 9,439
Noncash investing and financing activities:    
Accrued capital additions 37,571 $ 61,492
Accrued equity issuance costs 7  
Acquired intangibles 14,700  
Prepaid expenses 86  
Goodwill (10,060)  
Accounts payable and accrued liabilities (5)  
Deferred income 149  
Deferred income taxes $ (4,870)  
Total acquisitions, net of cash acquired