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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income $ 75,657 $ 76,271
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 37,511 35,129
Amortization 2,551 2,100
Amortization of commitment fees (241) (589)
Amortization of lease incentives 383 132
Straight-line rental income (10,535) (11,797)
Non-cash interest income on construction loan (1,005) (943)
Loss on modification and extinguishment of debt 0 738
Loan and realty losses 2,500 1,849
Payment of lease incentives (2,600) 0
Share-based compensation 2,478 1,794
Change in operating assets and liabilities:    
Other assets 2,474 (5,367)
Accounts payable and accrued expenses 1,571 2,900
Deferred income 16,170 0
Net cash provided by operating activities 126,914 102,217
Cash flows from investing activities:    
Investment in mortgage and other notes receivable (59,655) (9,845)
Collection of mortgage and other notes receivable 558 2,775
Investment in real estate (200,632) (129,558)
Investment in renovations of existing real estate (8,300) (4,269)
Net cash used in investing activities (268,029) (140,897)
Cash flows from financing activities:    
Proceeds from revolving credit facilities 292,000 179,000
Payments on revolving credit facilities (103,000) (73,000)
Payments on term loans (589) (568)
Debt issuance costs (90) 0
Proceeds for noncontrolling interest 642 0
Value of shares withheld from options exercised for employee tax withholding (1,016) (325)
Proceeds from issuance of common shares, net 47,854 44,920
Consideration provided in convertible bond repurchase 0 (29,985)
Dividends paid to stockholders (88,060) (80,988)
Net cash provided by (used in) financing activities 147,741 39,054
Increase in cash and cash equivalents and restricted cash 6,626 374
Cash and cash equivalents and restricted cash, beginning of period 16,538 8,449
Supplemental disclosure of cash flow information:    
Interest paid, net of amounts capitalized 26,032 22,403
Supplemental schedule of non-cash investing and financing activities:    
Change in accounts payable related to investments in real estate construction (1,981) 273
Change in accounts payable related to investments in real estate acquisition 1,178 0
Change in straight-line rent receivable related to investments in real estate 38,000 0
Change in other assets related to investments in real estate 176 0
Tenant investment in leased asset $ 0 $ 3,775