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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Earnings including noncontrolling interests $ 73,648,000 $ 70,676,000
Adjustments to reconcile earnings including noncontrolling interests to net cash provided by operating activities:    
Depreciation and amortization 40,143,000 34,655,000
Impairment losses – real estate and other charges, net of recoveries 1,206,000 572,000
Impairment – commercial mortgage residual interests valuation 0 220,000
Amortization of notes payable discount 437,000 338,000
Amortization of debt costs 859,000 756,000
Amortization of mortgages payable premium (21,000) (51,000)
Amortization of deferred interest rate hedges 447,000 695,000
Gain on disposition of real estate (14,624,000) (16,875,000)
Performance incentive plan expense 2,755,000 2,880,000
Performance incentive plan payment (862,000) (581,000)
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 231,000 340,000
Increase in mortgages, notes and accrued interest receivable 0 (24,000)
Decrease in receivables 307,000 471,000
Increase in accrued rental income (675,000) (242,000)
Decrease (increase) in other assets 453,000 (161,000)
Increase in accrued interest payable 16,714,000 13,524,000
Decrease in other liabilities (3,701,000) (4,457,000)
Other (125,000) (313,000)
Net cash provided by operating activities 117,192,000 102,423,000
Cash flows from investing activities:    
Proceeds from the disposition of real estate 39,251,000 50,902,000
Additions to real estate:    
Accounted for using the operating method (98,058,000) (126,577,000)
Principal payments on mortgages and notes receivable 0 95,000
Other (40,000) (652,000)
Net cash used in investing activities (58,847,000) (76,232,000)
Cash flows from financing activities:    
Proceeds from line of credit payable 103,700,000 63,500,000
Repayment of line of credit payable (103,700,000) (63,500,000)
Repayment of mortgages payable (127,000) (6,857,000)
Payment of debt costs (92,000) 0
Proceeds from issuance of common stock 49,011,000 89,135,000
Stock issuance costs (798,000) (1,380,000)
Redemption of Series D preferred stock (287,500,000) 0
Payment of common stock dividends (66,781,000) (61,151,000)
Net cash provided by (used in) financing activities (318,467,000) 10,888,000
Net increase (decrease) in cash, cash equivalents and restricted cash (260,122,000) 37,079,000
Cash, cash equivalents and restricted cash at beginning of period [1] 294,540,000 14,260,000
Cash, cash equivalents and restricted cash at end of period [1] 34,418,000 51,339,000
Supplemental disclosure of cash flow information:    
Interest paid, net of amount capitalized 8,732,000 8,835,000
Taxes received (3,000) 0
Supplemental disclosure of noncash investing and financing activities:    
Change in other comprehensive income 33,000 694,000
Change in lease classification (direct financing lease to operating lease) 696,000 0
Restricted cash and cash held in escrow 0 43,136,000
Series D Depositary Share    
Cash flows from financing activities:    
Payment of Series D, E and F preferred stock dividends (3,598,000) (4,762,000)
Series E Depositary Share    
Cash flows from financing activities:    
Payment of Series D, E and F preferred stock dividends (4,097,000) (4,097,000)
Series F Preferred Stock    
Cash flows from financing activities:    
Payment of Series D, E and F preferred stock dividends $ (4,485,000) $ 0
[1] Cash, cash equivalents and restricted cash at the end of the period is the aggregate of Cash and cash equivalents and Restricted cash and cash held in escrow from the Consolidated Balance Sheets. NNN had no restricted cash and cash held in escrow at March 31, 2017 and $43,136 at March 31, 2016.