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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income $ 73,630 $ 29,712
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 35,347 36,044
Amortization of debt issuance costs, debt discounts and prepaids 2,082 2,156
Amortization of commitment fees and note receivable discounts (234) (739)
Amortization of lease incentives 1,075 7,419
Straight-line rent adjustments (4,972) 13,836
Non-cash rental income (2,500) 0
Non-cash interest income on mortgage and other notes receivable (784) (2,055)
Non-cash lease deposit liability recognized as rental income 0 (8,838)
Gains on sales of real estate, net (12,763) (13,502)
Gain on note receivable payoff 0 (1,113)
Gains from equity method investment 0 (569)
Gain (loss) on operations transfer, net (20) 729
Loss on early retirement of debt 73 151
Loan and realty losses (gains) (232) 28,622
Payment of lease incentive (10,000) 0
Non-cash share-based compensation 2,874 6,511
Changes in operating assets and liabilities:    
Other assets (2,632) (2,563)
Accounts payable and accrued expenses 776 (276)
Deferred income (196) (77)
Net cash provided by operating activities 81,544 95,448
Cash flows from investing activities:    
Investments in mortgage and other notes receivable (12,174) (24,366)
Collections of mortgage and other notes receivable 9,493 114,873
Acquisitions of real estate (38,081) (4,876)
Proceeds from sales of real estate 48,619 108,893
Investments in existing real estate (4,377) (2,870)
Distributions from equity method investment 2,500 569
Net cash provided by investing activities 5,980 192,223
Cash flows from financing activities:    
Proceeds from revolving credit facility 231,000 95,000
Payments on revolving credit facility (77,000) (95,000)
Borrowings on term loan 200,000 0
Payments on term loans (365,203) (135,192)
Debt issuance costs (2,747) (4,598)
Distributions to noncontrolling interests (638) (522)
Dividends paid to stockholders (78,100) (82,531)
Taxes remitted on employee stock awards 0 (14)
Proceeds from noncontrolling interest 2,922 11,738
Payments to repurchase shares of common stock 0 (69,977)
Net cash used in financing activities (89,766) (281,096)
(Decrease) increase in cash and cash equivalents and restricted cash (2,242) 6,575
Cash and cash equivalents and restricted cash, beginning of period 21,516 39,485
Cash and cash equivalents and restricted cash, end of period 19,274 46,060
Supplemental disclosure of cash flow information:    
Interest paid, net of amounts capitalized 25,971 20,182
Supplemental disclosure of non-cash investing and financing activities:    
Real estate acquired in exchange for mortgage notes receivable 14,200 9,071
Increase in notes receivable from sales of real estate 699 0
Change in other assets related to sales of real estate 0 102
Change in accounts payable related to investments in real estate construction 244 0
Change in accounts payable related to renovations of existing real estate 0 67
Change in accounts payable related to distributions to noncontrolling interests 75 16
Reclassification of prepaid equity issuance costs to capital in excess of par value 275 0
Operating equipment received in transfer of operations 0 1,287
Increase in accounts payable related to transfer of operations $ 0 $ 300