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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Earnings including noncontrolling interests $ 100,229 $ 89,424
Adjustments to reconcile earnings including noncontrolling interests to net cash provided by operating activities:    
Depreciation and amortization 66,343 56,019
Impairment losses 3,714 548
Impairment – commercial mortgage residual interests valuation 428 235
Amortization of notes payable discount 639 614
Amortization of debt costs 1,423 1,353
Amortization of mortgages payable premium (104) (29)
Amortization of deferred interest rate hedges 832 351
Interest rate hedge payment 0 (6,312)
Gain on disposition of real estate (7,260) (5,020)
Performance incentive plan expense 4,968 4,712
Performance incentive plan payment (676) (2,808)
Change in operating assets and liabilities, net of assets acquired and liabilities assumed in business combinations:    
Decrease in real estate leased to others using the direct financing method 676 666
Decrease (increase) in mortgages, notes and accrued interest receivable 71 (231)
Decrease in receivables 1,235 1,033
Increase in accrued rental income (18) (1,118)
Increase in other assets (964) (249)
Increase in accrued interest payable 52 1,390
Decrease in other liabilities (3,528) (3,112)
Decrease (increase) in other (231) 785
Net cash provided by operating activities 167,829 138,251
Cash flows from investing activities:    
Proceeds from the disposition of real estate 24,904 29,510
Additions to real estate:    
Accounted for using the operating method (284,612) (186,390)
Increase in mortgages and notes receivable 0 (5,131)
Principal payments on mortgages and notes receivable 876 2,933
Other (1,114) (1,342)
Net cash used in investing activities (259,946) (160,420)
Cash flows from financing activities:    
Proceeds from line of credit payable 679,800 319,000
Repayment of line of credit payable (552,300) (365,400)
Repayment of mortgages payable (1,126) (554)
Proceeds from notes payable 0 349,293
Repayment of notes payable 0 (150,000)
Payment of debt costs (75) (3,384)
Proceeds from issuance of common stock 88,694 76,098
Stock issuance costs (1,623) (1,104)
Payment of common stock dividends (111,400) (98,958)
Noncontrolling interest distributions (292) (1,232)
Net cash provided by financing activities 83,961 106,042
Net increase (decrease) in cash and cash equivalents (8,156) 83,873
Cash and cash equivalents at beginning of year 10,604 1,485
Cash and cash equivalents at end of year 2,448 85,358
Supplemental disclosure of cash flow information:    
Interest paid, net of amount capitalized 41,570 39,282
Taxes paid 196 101
Supplemental disclosure of noncash investing and financing activities:    
Issued 274,693 and 378,965 shares of restricted and unrestricted common stock in 2015 and 2014, respectively, pursuant to NNN’s performance incentive plan 8,594 10,609
Issued 7,243 and 8,229 shares of common stock in 2015 and 2014, respectively, pursuant to NNN’s Deferred Director Fee Plan 131 131
Change in other comprehensive income 374 4,945
Mortgage receivable accepted in connection with real estate transactions 500 62
Note receivable accepted in connection with real estate transactions 0 70
Change in lease classification (direct financing lease to operating lease) 311 0
Series D Depositary Share    
Cash flows from financing activities:    
Payment of Series D and Series E preferred stock dividends (9,523) (9,523)
Series E Depositary Share    
Cash flows from financing activities:    
Payment of Series D and Series E preferred stock dividends $ (8,194) $ (8,194)