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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended 12 Months Ended
Dec. 31, 2019
Dec. 31, 2019
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
OPERATING ACTIVITIES:          
Net income   $ 80,872,000 $ 80,872,000 $ 155,076,000 $ 87,340,000
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation and amortization   39,216,000   37,555,000 37,610,000
Stock-based compensation expense   6,566,000   5,870,000 5,249,000
Impairment charges   5,500,000     1,880,000
Other than Temporary Impairment Losses, Investments $ 5,500,000 5,500,000      
Gain on sale of real estate, net   (2,106,000)   (70,682,000) (3,814,000)
Income from unconsolidated joint ventures   (2,388,000)   (2,864,000) (2,263,000)
Income distributions from unconsolidated joint ventures   2,991,000   2,371,000 1,738,000
Insurance proceeds for damaged property       2,619,000  
Payment for remediation of damaged property       (508,000)  
Straight-line rental income   (4,487,000)   (9,550,000) (10,694,000)
Adjustment for collectability of rental income   1,926,000      
Lease incentives funded   (387,000)   (1,272,000) (6,544,000)
Amortization of lease incentives   385,000   2,092,000 2,209,000
Provision for (recovery of) doubtful accounts   166,000   87,000 (206,000)
Non-cash interest related to contingent liabilities       377,000 602,000
Non-cash income related to earn-out and related lease incentive write-off       (3,074,000) (842,000)
Other non-cash items, net   1,016,000   1,180,000 1,282,000
Increase in interest receivable   (5,854,000)   (5,682,000) (5,367,000)
Increase (decrease) in accrued interest payable   803,000   (1,096,000) 601,000
Net change in other assets and liabilities   (1,750,000)   3,036,000 (3,476,000)
Net cash provided by operating activities   122,469,000   115,535,000 105,305,000
INVESTING ACTIVITIES:          
Investment in real estate properties   (58,414,000)   (40,408,000) (82,405,000)
Investment in real estate developments   (20,524,000)   (35,279,000) (22,901,000)
Investment in real estate capital improvements   (2,839,000)   (3,249,000) (2,899,000)
Capitalized interest   (608,000)   (1,248,000) (908,000)
Proceeds from sale of real estate, net   14,009,000   92,749,000 15,413,000
Investment in real estate mortgage loans receivable   (12,342,000)   (21,364,000) (11,913,000)
Principal payments received on mortgage loans receivable   1,065,000   2,136,000 17,863,000
Investments in unconsolidated joint ventures   (472,000)   (670,000) (3,848,000)
Proceeds from dissolution of unconsolidated joint ventures   6,601,000      
Payment of working capital reserve         (439,000)
Advances and originations under notes receivable   (8,967,000)   (124,000)  
Principal payments received on notes receivable   3,503,000   3,848,000 25,000
Net cash used in investing activities   (78,988,000)   (3,609,000) (92,012,000)
FINANCING ACTIVITIES:          
Bank borrowings   107,900,000   116,200,000 113,000,000
Repayment of bank borrowings   (126,000,000)   (100,700,000) (123,600,000)
Proceeds from issuance of senior unsecured notes   100,000,000     100,000,000
Principal payments on senior unsecured notes   (33,667,000)   (38,166,000) (31,167,000)
Proceeds from common stock issued       1,005,000 14,578,000
Stock option exercises   123,000   123,000 202,000
Distributions paid to stockholders   (90,899,000)   (90,372,000) (90,219,000)
Contribution from non-controlling interests   965,000   3,963,000 3,488,000
Distributions paid to non-controlling interests   (309,000)   (65,000)  
Financing costs paid   (61,000)   (3,162,000) (363,000)
Other   (2,053,000)   (1,201,000) (1,990,000)
Net cash used in financing activities   (44,001,000)   (112,375,000) (16,071,000)
Decrease in cash, cash equivalents and restricted cash   (520,000)   (449,000) (2,778,000)
Cash, cash equivalents and restricted cash, beginning of period   4,764,000   5,213,000 7,991,000
Cash, cash equivalents and restricted cash, end of period $ 4,244,000 4,244,000 $ 4,244,000 4,764,000 5,213,000
Supplemental disclosure of cash flow information:          
Interest paid   $ 28,767,000   $ 30,116,000 $ 28,070,000