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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Earnings including noncontrolling interests $ 193,186,000 $ 173,381,000
Adjustments to reconcile earnings including noncontrolling interests to net cash provided by operating activities:    
Depreciation and amortization 129,878,000 110,114,000
Impairment losses – real estate and other charges, net of recoveries 1,245,000 10,949,000
Impairment – commercial mortgage residual interests valuation 0 6,830,000
Amortization of notes payable discount 1,330,000 1,030,000
Amortization of debt costs 2,611,000 2,276,000
Amortization of mortgages payable premium (65,000) (126,000)
Amortization of deferred interest rate hedges 1,394,000 2,122,000
Settlement of forward starting swaps (7,688,000) 0
Gain on disposition of real estate (20,864,000) (22,558,000)
Performance incentive plan expense 12,100,000 8,714,000
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 661,000 1,054,000
Decrease (increase) in receivables (77,000) 871,000
Decrease (increase) in accrued rental income (1,199,000) 21,000
Increase in other assets (353,000) (227,000)
Increase in accrued interest payable 17,390,000 12,679,000
Increase in other liabilities 1,659,000 8,315,000
Other (131,000) (658,000)
Net cash provided by operating activities 330,215,000 314,206,000
Cash flows from investing activities:    
Proceeds from the disposition of real estate 56,279,000 83,722,000
Additions to real estate:    
Accounted for using the operating method (471,396,000) (637,603,000)
Principal payments on mortgages and notes receivable 500,000 468,000
Other (558,000) (2,010,000)
Net cash used in investing activities (415,175,000) (555,423,000)
Cash flows from financing activities:    
Proceeds from line of credit payable 956,700,000 1,090,200,000
Repayment of line of credit payable (956,700,000) (906,000,000)
Repayment of mortgages payable (379,000) (7,125,000)
Proceeds from notes payable 398,372,000 0
Payment of debt costs (3,237,000) (159,000)
Proceeds from issuance of common stock 174,499,000 277,076,000
Stock issuance costs (2,618,000) (4,266,000)
Redemption of Series D preferred stock (287,500,000) 0
Payment of common stock dividends (205,110,000) (190,277,000)
Net cash provided by financing activities 44,683,000 232,873,000
Net decrease in cash, cash equivalents and restricted cash (40,277,000) (8,344,000)
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] 254,263,000 5,916,000
Supplemental disclosure of cash flow information:    
Interest paid, net of amount capitalized 61,126,000 55,185,000
Taxes received (3,000) (49,000)
Supplemental disclosure of noncash investing and financing activities:    
Change in other comprehensive income 6,176,000 719,000
Change in lease classification (direct financing lease to operating lease) 696,000 0
Restricted cash and cash held in escrow 0 0
Series D Depositary Share    
Cash flows from financing activities:    
Payment of Series D, E and F preferred stock dividends (3,598,000) (14,285,000)
Series E Depositary Share    
Cash flows from financing activities:    
Payment of Series D, E and F preferred stock dividends (12,291,000) (12,291,000)
Series F Preferred Stock    
Cash flows from financing activities:    
Payment of Series D, E and F preferred stock dividends $ (13,455,000) $ 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 September 30, 2017 and 2016.