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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net earnings $ 292,485,000 $ 265,371,000 $ 239,506,000
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 174,398,000 173,720,000 149,101,000
Impairment losses – real estate and other charges, net of recoveries 28,211,000 4,953,000 11,294,000
Impairment – commercial mortgage residual interests valuation 0 0 6,830,000
Loss on early extinguishment of debt 18,240,000 0 0
Amortization of notes payable discount 3,263,000 1,788,000 1,394,000
Amortization of debt costs 4,611,000 3,502,000 3,086,000
Amortization of mortgages payable premium (85,000) (85,000) (147,000)
Amortization of interest rate hedges 3,664,000 1,932,000 2,802,000
Settlement of forward starting swaps 4,080,000 (7,688,000) 13,345,000
Gain on disposition of real estate (65,070,000) (36,655,000) (27,182,000)
Performance incentive plan expense 10,417,000 14,223,000 11,401,000
Performance incentive plan payment (432,000) (862,000) (581,000)
Change in operating assets and liabilities, net of assets acquired and liabilities assumed:      
Decrease in real estate leased to others using the direct financing method 874,000 884,000 1,364,000
Increase in receivables (203,000) (175,000) (74,000)
Increase in accrued rental income (747,000) (1,752,000) (252,000)
Decrease in other assets 793,000 1,960,000 1,663,000
Increase (decrease) in accrued interest payable (792,000) 646,000 (448,000)
Increase (decrease) in other liabilities (1,516,000) (90,000) 2,636,000
Other (282,000) (115,000) (401,000)
Net cash provided by operating activities 471,909,000 421,557,000 415,337,000
Cash flows from investing activities:      
Proceeds from the disposition of real estate 148,476,000 97,245,000 104,117,000
Additions to real estate:      
Accounted for using the operating method (756,971,000) (721,893,000) (885,966,000)
Principal payments on mortgages and notes receivable 0 1,250,000 4,141,000
Other (876,000) (2,159,000) (2,235,000)
Net cash used in investing activities (609,371,000) (625,557,000) (779,943,000)
Cash flows from financing activities:      
Proceeds from line of credit payable 1,599,500,000 1,501,700,000 1,330,200,000
Repayment of line of credit payable (1,720,000,000) (1,381,200,000) (1,330,200,000)
Repayment of mortgages payable (538,000) (510,000) (9,962,000)
Proceeds from notes payable 692,913,000 398,372,000 346,140,000
Repayment of notes payable (300,000,000) (250,000,000) 0
Payment for early extinguishment of debt (18,240,000) 0 0
Payment of debt issuance costs (7,156,000) (7,837,000) (3,362,000)
Proceeds from issuance of common stock 345,324,000 256,764,000 278,040,000
Stock issuance costs (3,947,000) (3,836,000) (15,204,000)
Payment of common stock dividends (303,164,000) (277,120,000) (257,007,000)
Noncontrolling interest distributions 0 (84,000) (136,000)
Net cash provided by (used in) financing activities 250,365,000 (89,176,000) 644,886,000
Net increase (decrease) in cash, cash equivalents and restricted cash 112,903,000 (293,176,000) 280,280,000
Cash, cash equivalents and restricted cash at beginning of year [1] 1,364,000 294,540,000 14,260,000
Cash, cash equivalents and restricted cash at end of year [1] 114,267,000 1,364,000 294,540,000
Supplemental disclosure of cash flow information:      
Interest paid, net of amount capitalized 107,861,000 103,761,000 91,403,000
Taxes received 0 (15,000) (155,000)
Supplemental disclosure of noncash investing and financing activities:      
Increase (decrease) in other comprehensive income (8,042,000) 5,547,000 (12,161,000)
Change in lease classification (direct financing lease to operating lease) 565,000 696,000 1,924,000
Change in lease classification (operating lease to direct financing lease) 258,000 0 0
Series D Preferred Stock      
Cash flows from financing activities:      
Redemption of Series D preferred stock 0 (287,500,000) 0
Payment of preferred stock dividends 0 (3,598,000) (19,047,000)
Series E Preferred Stock      
Cash flows from financing activities:      
Payment of preferred stock dividends (16,387,000) (16,387,000) (16,387,000)
Series F Preferred Stock      
Cash flows from financing activities:      
Proceeds from issuance of Series F preferred stock 0 0 345,000,000
Payment of preferred stock dividends $ (17,940,000) $ (17,940,000) $ (3,189,000)
[1] Cash, cash equivalents and restricted cash is the aggregate of cash and cash equivalents and restricted cash and cash held in escrow from the Consolidated Balance Sheets. NNN did not have restricted cash or cash held in escrow at December 31, 2018, 2017 and 2016.