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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Earnings including noncontrolling interests $ 173,381 $ 155,485
Adjustments to reconcile earnings including noncontrolling interests to net cash provided by operating activities:    
Depreciation and amortization 110,114 99,950
Impairment losses – real estate and other charges, net of recoveries 10,949 3,711
Impairment – commercial mortgage residual interests valuation 6,830 481
Amortization of notes payable discount 1,030 964
Amortization of debt costs 2,276 2,142
Amortization of mortgages payable premium (126) (156)
Amortization of deferred interest rate hedges 2,122 1,256
Gain on disposition of real estate (22,558) (9,231)
Performance incentive plan expense 8,714 7,524
Performance incentive plan payment (581) (676)
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 1,054 945
Decrease in mortgages, notes and accrued interest receivable 26 73
Decrease in receivables 871 993
Decrease in accrued rental income 21 161
Decrease (increase) in other assets (227) 5,137
Increase in accrued interest payable 12,679 12,117
Increase (decrease) in other liabilities 8,315 (3,161)
Other (684) 267
Net cash provided by operating activities 314,206 277,982
Cash flows from investing activities:    
Proceeds from the disposition of real estate 83,722 33,064
Transfers from (to) restricted cash and cash held in escrow 601 (600)
Additions to real estate:    
Accounted for using the operating method (637,603) (527,818)
Principal payments on mortgages and notes receivable 468 1,075
Other (2,010) (1,697)
Net cash used in investing activities (554,822) (495,976)
Cash flows from financing activities:    
Proceeds from line of credit payable 1,090,200 1,194,500
Repayment of line of credit payable (906,000) (912,100)
Repayment of mortgages payable (7,125) (1,657)
Payment of debt costs (159) (75)
Proceeds from issuance of common stock 277,076 127,485
Stock issuance costs (4,266) (2,206)
Payment of common stock dividends (190,277) (169,674)
Noncontrolling interest distributions 0 (292)
Net cash provided by financing activities 232,873 209,405
Net decrease in cash and cash equivalents (7,743) (8,589)
Cash and cash equivalents at beginning of period 13,659 10,604
Cash and cash equivalents at end of period 5,916 2,015
Supplemental disclosure of cash flow information:    
Interest paid, net of amount capitalized 55,185 50,770
Taxes paid (received) (49) 224
Supplemental disclosure of noncash investing and financing activities:    
Issued 281,870 and 279,712 shares of restricted and unrestricted common stock in 2016 and 2015, respectively, pursuant to NNN’s performance incentive plan 11,170 8,778
Change in other comprehensive income 719 9,357
Mortgage receivable accepted in connection with real estate transactions 0 500
Change in lease classification (direct financing lease to operating lease) 0 1,179
Series D Depositary Share    
Cash flows from financing activities:    
Payment of Series D and Series E preferred stock dividends (14,285) (14,285)
Series E Depositary Share    
Cash flows from financing activities:    
Payment of Series D and Series E preferred stock dividends $ (12,291) $ (12,291)