Supplemental Disclosures of Cash Flow Information

3 Months Ended

Mar. 31, 2018

Supplemental Disclosures of Cash Flow Information

Supplemental Disclosures of Cash Flow Information

16.Supplemental Disclosures of Cash Flow Information

Cash paid for interest was $71.9 million in the first three months of 2018 and $75.6 million in the first three months of 2017.

Interest capitalized to properties under development was $57,000 in the first three months of 2018 and $190,000 the first three months of 2017.

Cash paid for income taxes was $403,000 in the first three months of 2018 and $2.5 million the first three months of 2017.

The following non-cash activities are included in the accompanying consolidated financial statements:

A.During the first three months of 2018, we issued 242,007 common partnership units of Realty Income, L.P. as partial consideration for an acquisition of properties, totaling $12.1 million.

B.During the first three months of 2017, we removed the net book value of two damaged buildings from our consolidated balance sheet, and recorded net receivables of $10.6 million. During 2017, we received the insurance proceeds for these properties.

Per the requirements of ASU 2016-18 (Topic 230, Statement of Cash Flows), the following table provides a reconciliation of cash and cash equivalents reported within the consolidated balance sheets to the total of the cash, cash equivalents and restricted cash reported within the consolidated statements of cash flows:

	March 31, 2018		March 31, 2017
Cash and cash equivalents shown in the consolidated balance sheets	$	20,627	$	27,598
Impounds related to mortgages payable (1)	5,923		2,074
Restricted escrow deposits (1)	32		25,327
Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows	$	26,582	$	54,999

(1) Included within other assets, net on the consolidated balance sheets (see note 3). These amounts consist of cash we are legally entitled to that is not immediately available to us. As a result, they were considered restricted as of the dates presented.