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Condensed Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net earnings $ 188,871 $ 155,538
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 119,023 110,124
Impairment losses – real estate, net of recoveries 2,674 6,250
Amortization of notes payable discount 869 837
Amortization of debt costs 2,401 2,349
Amortization of mortgages payable premium (21) (43)
Amortization of interest rate hedges 1,223 1,175
Gain on disposition of real estate (20,230) (4,767)
Performance incentive plan expense 6,290 10,837
Performance incentive plan payment (916) (103)
Change in operating assets and liabilities, net of assets acquired and liabilities assumed:    
Decrease in receivables 550 542
Decrease in accrued rental income (1,003) 2,643
Increase in other assets (721) (1,369)
Increase (decrease) in accrued interest payable 953 (745)
Increase (decrease) in other liabilities (721) (8,008)
Other 52 51
Net cash provided by operating activities 299,294 275,311
Cash flows from investing activities:    
Proceeds from the disposition of real estate 40,450 29,203
Additions to real estate (327,739) (357,460)
Principal payments received on mortgages and notes receivable 324 306
Other (1,144) (1,505)
Net cash used in investing activities (288,109) (329,456)
Cash flows from financing activities:    
Proceeds from line of credit payable 513,500 126,000
Repayment of line of credit payable (347,200) (86,000)
Repayment of mortgages payable (9,947) (328)
Payment of debt issuance costs (125) (126)
Proceeds from issuance of common stock 30,765 33,048
Stock issuance costs (558) (575)
Payment of common stock dividends (199,146) (185,629)
Noncontrolling interests distributions 0 (278)
Net cash provided by (used in) financing activities (12,711) (113,888)
Net increase (decrease) in cash, cash equivalents and restricted cash (1,526) (168,033)
Cash, cash equivalents and restricted cash at beginning of period [1] 6,778 171,322
Cash, cash equivalents and restricted cash at end of period [1] 5,252 3,289
Supplemental disclosure of cash flow information:    
Interest paid, net of amount capitalized 74,686 70,139
Supplemental disclosure of noncash investing and financing activities:    
Change in other comprehensive income 1,223 1,175
Right-of-use asset recorded in connection with lease liability 6,401  
Work in progress accrual balance at end of period $ 21,149 $ 14,707
[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. As of June 30, 2023, NNN had restricted cash of $2,971. NNN did not have restricted cash and cash held in escrow as of June 30, 2022.