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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 134,246 $ 26,246
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 55,799 86,374
Net amortization of debt discounts, premiums and deferred financing fees 1,932 (148)
Straight line rental income (9,430) (1,611)
Amortization of acquired real estate leases 14,834 20,413
Other amortization 7,937 12,782
Share-based compensation 8,977 8,110
Loss on asset impairment 43,736 17,162
Loss (gain) on early extinguishment of debt 118 (9,998)
Foreign currency exchange loss (gain) 5 (856)
Net gain on sale of properties (143,041) (3,160)
Change in assets and liabilities:    
Restricted cash (4,115) (2,917)
Rents receivable and other assets (13,727) (20,429)
Accounts payable and accrued expenses (1,970) (847)
Rent collected in advance (1,651) (8,539)
Security deposits 224 597
Cash provided by operating activities 93,874 123,179
CASH FLOWS FROM INVESTING ACTIVITIES:    
Real estate improvements (60,289) (28,623)
Principal payments received from direct financing lease 0 3,789
Proceeds from sale of properties, net 388,774 962,003
Proceeds from sale of securities 0 27,068
Decrease (increase) in restricted cash 2,583 (2,313)
Cash provided by investing activities 331,068 961,924
CASH FLOWS FROM FINANCING ACTIVITIES:    
Purchase and retirement of common shares (25,563) 0
Redemption of preferred shares (275,000) 0
Payments on borrowings (140,749) (141,908)
Deferred financing fees (52) (7,143)
Distributions to preferred shareholders (13,962) (13,962)
Cash used in financing activities (455,326) (163,013)
Effect of exchange rate changes on cash (8) 296
(Decrease) increase in cash and cash equivalents (30,392) 922,386
Cash and cash equivalents at beginning of period 1,802,729 364,516
Cash and cash equivalents at end of period 1,772,337 1,286,902
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid 45,021 62,094
Taxes paid 103 3,088
NON-CASH INVESTING ACTIVITIES:    
Increase in capital expenditures recorded as liabilities $ 728 $ 523