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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 46,402 $ 13,630
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 28,582 46,418
Net amortization of debt discounts, premiums and deferred financing fees 983 29
Straight line rental income (3,831) 187
Amortization of acquired real estate leases 4,629 10,304
Other amortization 4,161 7,346
Share-based compensation 4,353 3,958
Loss on asset impairment 0 1,904
Loss on early extinguishment of debt 118 428
Foreign currency exchange loss 5 0
Net gain on sale of properties (36,666) (5,868)
Change in assets and liabilities:    
Restricted cash (458) 2,366
Rents receivable and other assets (15,486) (28,678)
Accounts payable and accrued expenses (6,361) (11,134)
Rent collected in advance (3,255) (620)
Security deposits (192) 51
Cash provided by operating activities 22,984 40,321
CASH FLOWS FROM INVESTING ACTIVITIES:    
Real estate improvements (25,963) (12,163)
Principal payments received from direct financing lease 0 1,883
Proceeds from sale of properties, net 118,391 19,841
Proceeds from sale of securities 0 27,068
Increase in restricted cash (3,487) (3,458)
Cash provided by investing activities 88,941 33,171
CASH FLOWS FROM FINANCING ACTIVITIES:    
Purchase and retirement of common shares (25,563) 0
Payments on borrowings (139,922) (1,589)
Deferred financing fees (52) (7,143)
Distributions to preferred shareholders (6,981) (6,981)
Cash used in financing activities (172,518) (15,713)
Effect of exchange rate changes on cash (8) (559)
(Decrease) increase in cash and cash equivalents (60,601) 57,220
Cash and cash equivalents at beginning of period 1,802,729 364,516
Cash and cash equivalents at end of period 1,742,128 421,736
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid 28,542 33,479
Taxes (refunded) paid (72) 2,251
NON-CASH INVESTING ACTIVITIES:    
(Decrease) increase in capital expenditures recorded as liabilities $ (6,312) $ 1,139