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EPT - Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
1 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended
Jul. 31, 2022
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
Cash flows from operating activities:            
Net income   $ 98,700 $ 125,002 $ 238,765 $ 371,566  
Adjustments to reconcile net income to net cash provided by operating activities:            
Straight-lined rents       5,529 8,734  
Depreciation and amortization       403,561 387,887  
Amortization of discount and debt financing costs, net       4,916 7,987  
Gain on sale of marketable securities       (12,430) (2,499)  
Income from early redemption of notes receivable       0 (4,747)  
Provision for credit losses       64 (110)  
Unrealized losses (gains) on equity securities recognized through income       63,556 (23,772)  
Earnings from co-investments       (23,756) (60,692)  
Operating distributions from co-investments       86,854 78,360  
Accrued interest from notes and other receivables       (10,748) (12,253)  
Gain on the sale of real estate and land       0 (142,993)  
Equity-based compensation       6,589 5,399  
Loss on early retirement of debt, net   2 0 2 18,982  
Gain on remeasurement of co-investment $ (17,400) (17,423) 0 (17,423) (2,260)  
Changes in operating assets and liabilities:            
Prepaid expenses, receivables, operating lease right-of-use assets, and other assets       15,406 2,470  
Accounts payable, accrued liabilities, and operating lease liabilities       38,948 62,699  
Other liabilities       8,902 5,119  
Net cash provided by operating activities       808,735 699,877  
Additions to real estate:            
Acquisitions of real estate and acquisition related capital expenditures, net of cash acquired       (21,759) (105,469)  
Redevelopment       (67,974) (39,092)  
Development acquisitions of and additions to real estate under development       (22,754) (45,381)  
Capital expenditures on rental properties       (107,105) (81,063)  
Investments in notes receivable       (160,013) (102,012)  
Collections of notes and other receivables       303,088 88,744  
Proceeds from insurance for property losses       4,325 591  
Proceeds from dispositions of real estate       0 297,454  
Contributions to co-investments       (159,461) (223,175)  
Changes in refundable deposits       (16,318) (8,356)  
Purchases of marketable securities       (12,760) (23,740)  
Sales and maturities of marketable securities       30,025 14,995  
Non-operating distributions from co-investments       161,324 131,297  
Net cash used in investing activities       (69,382) (95,207)  
Cash flows from financing activities:            
Proceeds from unsecured debt and mortgage notes       0 745,505  
Payments on unsecured debt and mortgage notes       (24,103) (952,608)  
Proceeds from lines of credit       1,053,663 601,435  
Repayments of lines of credit       (1,175,440) (558,773)  
Retirement of common stock       (157,951) (9,172)  
Additions to deferred charges       (140) (8,237)  
Payments related to debt prepayment penalties       0 (18,342)  
Net proceeds from issuance of common stock       (314) (202)  
Net proceeds from stock options exercised       19,410 17,847  
Payments related to tax withholding for share-based compensation       (2,216) (5,445)  
Contributions from noncontrolling interest       125 1,900  
Distributions to noncontrolling interest       (22,606) (21,979)  
Redemption of noncontrolling interest       (10,929) (8,407)  
Redemption of redeemable noncontrolling interest       (478) (4,463)  
Common stock dividends paid       (423,443) (406,818)  
Net cash used in financing activities       (744,422) (627,759)  
Net decrease in unrestricted and restricted cash and cash equivalents       (5,069) (23,089)  
Unrestricted and restricted cash and cash equivalents at beginning of period       58,638 84,041 $ 84,041
Unrestricted and restricted cash and cash equivalents at end of period   $ 53,569 $ 60,952 53,569 60,952 $ 58,638
Supplemental disclosure of cash flow information:            
Cash paid for interest (net of $1.9 million and $5.0 million capitalized in 2022 and 2021, respectively)       149,970 147,371  
Operating cash flows from operating leases       5,225 5,225  
Supplemental disclosure of noncash investing and financing activities:            
Transfers between real estate under development and rental properties, net       98,024 222,055  
Transfer from real estate under development to co-investments       2,090 1,853  
Reclassifications (from) to redeemable noncontrolling interest from additional paid in capital and noncontrolling interest       (4,950) 4,922  
Debt assumed in connection with acquisition       $ 21,303 $ 0