XML 17 R6.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income $ 105,488 $ 75,657
Changes in operating assets and liabilities:    
Depreciation 41,290 37,511
Amortization of Debt Issuance Costs 2,350 2,551
Amortization of commitment fees (435) (241)
Amortization of lease incentives 485 383
Straight-line rental income (10,395) (10,535)
Non-cash interest income on construction loan (1,844) (1,005)
Gains (Losses) on Sales of Investment Real Estate (21,007) 0
Income (Loss) from Equity Method Investments 1,290 0
Loan and realty losses 1,195 2,500
Payment of Tenant Lease Incentives 0 (2,600)
Share-based compensation 2,315 2,478
Change in operating assets and liabilities:    
Other assets (742) 2,474
Accounts payable and accrued expenses (3,318) 1,571
Deferred income 137 16,170
Net cash provided by operating activities 116,809 126,914
Cash flows from investing activities:    
Investment in mortgage and other notes receivable (32,826) (59,655)
Collection of mortgage and other notes receivable 14,579 558
Investment in real estate (94,630) (200,632)
Payments to Develop Real Estate Assets (54) 0
Payments to Renovate Real Estate (5,579) (8,300)
Payments to Acquire Equity Method Investments (875) 0
Proceeds from Sale of Wholly Owned Real Estate and Real Estate Acquired in Settlement of Loans 39,260 0
Net cash used in investing activities (80,125) (268,029)
Cash flows from financing activities:    
Proceeds from revolving credit facilities 145,000 292,000
Payments on revolving credit facilities (32,000) (103,000)
Repayments of Long-term Debt (609) (589)
Debt issuance costs 0 (90)
Payments to Noncontrolling Interests (298) 0
Proceeds from Noncontrolling Interests 13 642
Value of shares withheld from options exercised for employee tax withholding (2,705) (1,016)
Proceeds from issuance of common shares, net 0 47,854
Payments of Stock Issuance Costs (293) 0
Dividends paid to stockholders (96,043) (88,060)
Net cash provided by (used in) financing activities 13,065 147,741
Increase in cash and cash equivalents and restricted cash 49,749 6,626
Cash and cash equivalents and restricted cash, beginning of period 65,418 16,538
Supplemental disclosure of cash flow information:    
Interest paid, net of amounts capitalized 23,533 26,032
Supplemental schedule of non-cash investing and financing activities:    
Change in straight-line rent receivable related to investments in real estate 0 38,000
Change in mortgage notes receivable related to investments in real estate 59,350 0
Increase in mortgage note receivable from sale of real estate 4,000 0
Change in other assets related to investments in real estate 0 176
Change in accounts payable related to investments in real estate construction 1,899 (1,981)
Change in accounts payable related to investments in real estate acquisition 0 1,178
Change in accounts payable related to distributions to noncontrolling interests $ 100 $ 0