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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net earnings $ 225,822,000 $ 255,915,000
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 140,769,000 130,280,000
Impairment losses – real estate, net of recoveries 21,124,000 9,718,000
Amortization of notes payable discount 1,297,000 1,401,000
Amortization of debt costs 2,787,000 2,695,000
Amortization of mortgages payable premium (64,000) (64,000)
Amortization of interest rate hedges 975,000 1,581,000
Settlement of forward starting swaps 0 4,080,000
Gain on disposition of real estate (25,508,000) (57,050,000)
Performance incentive plan expense 8,581,000 7,231,000
Performance incentive plan payment (775,000) (432,000)
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 508,000 655,000
Decrease in receivables 915,000 1,554,000
Increase in accrued rental income (1,702,000) (871,000)
Increase in other assets (375,000) (1,052,000)
Increase in accrued interest payable 26,367,000 14,987,000
Decrease in other liabilities (1,500,000) (4,848,000)
Other (189,000) (272,000)
Net cash provided by operating activities 399,032,000 365,508,000
Cash flows from investing activities:    
Proceeds from the disposition of real estate 92,586,000 121,810,000
Additions to real estate:    
Accounted for using the operating method (505,693,000) (415,118,000)
Principal payments on mortgages and notes receivable 3,100,000 0
Other 985,000 (433,000)
Net cash used in investing activities (409,022,000) (293,741,000)
Cash flows from financing activities:    
Proceeds from line of credit payable 429,200,000 1,599,500,000
Repayment of line of credit payable (429,200,000) (1,720,000,000)
Repayment of mortgages payable (422,000) (400,000)
Proceeds from notes payable 0 692,913,000
Payment of debt issuance costs (115,000) (5,506,000)
Proceeds from issuance of common stock 539,318,000 220,524,000
Stock issuance costs (17,274,000) (2,908,000)
Payment of common stock dividends (245,574,000) (223,836,000)
Noncontrolling interest distributions (776,000) 0
Net cash provided by financing activities 249,411,000 534,541,000
Net increase in cash, cash equivalents and restricted cash 239,421,000 606,308,000
Cash, cash equivalents and restricted cash at beginning of period [1] 114,267,000 1,364,000
Cash, cash equivalents and restricted cash at end of period [1] 353,688,000 607,672,000
Supplemental disclosure of cash flow information:    
Interest paid, net of amount capitalized 59,151,000 62,806,000
Supplemental disclosure of noncash investing and financing activities:    
Increase (decrease) in other comprehensive income 11,978,000 (5,726,000)
Right-of-use assets recorded in connection with lease liabilities 8,224,000 0
Mortgage receivable accepted in connection with real estate transactions 3,100,000 0
Change in lease classification (direct financing lease to operating lease) 0 565,000
Change in lease classification (operating lease to direct financing lease) 0 258,000
Restricted cash and cash held in escrow 0 0
Series E Preferred Stock    
Cash flows from financing activities:    
Payment of preferred stock dividends (12,291,000) (12,291,000)
Series F Preferred Stock    
Cash flows from financing activities:    
Payment of preferred stock dividends $ (13,455,000) $ (13,455,000)
[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 Condensed Consolidated Balance Sheets. NNN had no restricted cash and cash held in escrow at September 30, 2019 and 2018.