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INTERIM CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flow from operating activities:    
Net income $ 12,117 $ 18,329
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 110,616 89,183
Amortization of above and below market leases (9) 180
Amortization of deferred loan costs 2,259 1,978
Distributions from unconsolidated entity 1,381 600
Equity in net loss of unconsolidated entity 1,264 1,267
Equity-based compensation expense 14,167 10,956
Bad debt expense 455 5,072
Deferred tax expense (benefit) 141 (238)
Foreign currency remeasurement (income) loss 0 (159)
Changes in operating assets and liabilities    
Rents and other receivables, net (27,845) (536)
Prepaid expenses (2,066) (1,259)
Due to/from affiliates, net (3,865) (1,085)
Other assets (822) (127)
Accounts payable and accrued liabilities 10,763 2,548
Advance rents, security deposits and other liabilities 140 2,374
Deferred income 29,679 4,283
Net cash provided by operating activities 148,375 133,366
Cash flow from investing activities:    
Distribution of capital from unconsolidated entity 11,910 0
Acquisitions, net of cash acquired (27,154) (1,797)
Additions to property and equipment (453,401) (377,655)
Net cash used in investing activities (468,645) (379,452)
Cash flow from financing activities:    
Credit facility proceeds 580,528 298,405
Credit facility repayments (874,000) (108,000)
Payment of deferred financing costs 0 (101)
Payment of preferred stock dividends (14,090) (14,090)
Payment of common stock dividends (62,865) (54,020)
Distribution to noncontrolling interests (6,317) (6,068)
Proceeds from exercise of stock options 1,979 882
Payment of tax withholdings related to equity-based awards (2,485) (3,327)
Principal payments on finance lease obligations (1,349) (1,275)
Mortgage principal debt repayments 0 (29)
Common stock issuance proceeds, net of costs 706,863 134,077
Net cash provided by financing activities 328,264 246,454
Effect of foreign currency exchange rates on cash and cash equivalents (2,701) 453
Net change in cash and cash equivalents 5,293 821
Cash and cash equivalents, beginning of period 22,775 15,653
Cash and cash equivalents, end of period 28,068 16,474
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest 27,987 28,059
Noncash investing and financing activities:    
Accrued capital additions 168,699 118,627
Net increase (decrease) in other assets/liabilities related to change in fair value of derivative contracts 21,398 (38,688)
Accrued equity issuance costs 0 405
Accrued preferred stock dividend $ 5,938 $ 5,938