Cash Flow Information

Supplemental Non-cash Investing and Financing Activities:

A summary of our non-cash investing and financing activities for the periods presented is as follows (in thousands):



	Years Ended December 31,
	2013			2012			2011
Reclassification from Net investments in direct financing leases (Note 6)	$	(13,952	)	$	—		$	(17,651	)
Reclassification to Real estate (Note 5)	13,952			—			17,651
Reclassification from Real estate, net (Note 5)	(63,697		)	(14,016		)	—
Reclassification from Intangible assets, net (Note 5)	(24,423		)	(852		)	—
Reclassification from Operating real estate, net (Note 5)	(3,627		)	—			—
Reclassification to Assets held for sale (Note 5)	91,747			14,868			—
Build-to-suit construction costs incurred but unpaid (Note 5)	5,614			—			—
Reclassification to (from) Additional paid-in capital (Note 4)	40,000			(40,000		)	—
Reclassification to (from) Redeemable securities (Note 4)	(40,000		)	40,000			—
Fourth quarter distributions declared	67,746			45,700			22,314
Fair value of special member interest in CPA^®:16 – Global’s operating partnership (Note 4)	—			—			28,308
Non-recourse mortgages assumed on acquisition (Note 4)	—			—			87,590

2013 — In November 2013, we purchased a domestic office building for $33.6 million (Note 5). This transaction consisted of the acquisition and assumption of certain assets and liabilities, respectively, as detailed in the table below (in thousands).



Cash Consideration	$	13,748
Assets Acquired at Fair Value:
Net investments in real estate	$	33,625
In-place lease intangible assets, net	872
Above-market rent intangible assets, net	722
Other assets	1,170
Liabilities Assumed at Fair Value:
Non-recourse debt	(21,023		)
Below-market rent and other intangible liabilities	(1,618		)
Net assets acquired	$	13,748

2012 — On September 28, 2012, we merged with CPA^®:15. In the CPA^®:15 Merger, CPA^®:15 stockholders received $1.25 in cash and 0.2326 shares of our common stock for each share of CPA^®:15 common stock held at the completion of the CPA^®:15 Merger (Note 3). The purchase price was allocated to the assets acquired and liabilities assumed, based upon their fair values. The following table summarizes estimated fair values of the assets acquired and liabilities assumed in the acquisition (in thousands):



Total Consideration
Fair value of common shares issued	$	1,380,362
Cash consideration	152,356
Fair value of W. P. Carey & Co. LLC equity interest in CPA^®:15 prior to the CPA^®:15 Merger	107,147
Fair value of W. P. Carey & Co. LLC equity interest in jointly-owned investments with CPA^®:15 prior to the CPA^®:15 Merger	54,822
	1,694,687
Assets Acquired at Fair Value
Net investments in real estate	1,762,872
Net investments in direct financing leases	315,789
Equity investments in real estate	166,247
Goodwill	268,683
Intangible assets	695,310
Other assets	81,750
Liabilities Assumed at Fair Value
Non-recourse debt	(1,350,755		)
Below-market rent and other intangible liabilities	(102,155		)
Accounts payable, accrued expenses and other liabilities	(84,640		)
Amounts attributable to noncontrolling interests	(237,359		)
Net assets acquired excluding cash	1,515,742
Cash acquired on acquisition of subsidiaries	$	178,945

2011 — Prior to our implementation of Emerging Issues Task Force, or EITF, 10-E “Accounting for Deconsolidation of a Subsidiary That Is In-Substance Real Estate,” we deconsolidated a wholly-owned subsidiary in 2011 because we no longer had control over the activities that most significantly impact its economic performance following possession of the subsidiary’s property by a receiver (Note 17). The following table presents the assets and liabilities of the subsidiary on the date of deconsolidation (in thousands):



Assets
Net investments in properties	$	5,340
Intangible assets and goodwill, net	(15		)
Total	$	5,325

Liabilities
Non-recourse debt	$	(6,311	)
Accounts payable, accrued expenses and other liabilities	(22		)
Total	$	(6,333	)

Supplemental cash flow information

(In thousands)



	Years Ended December 31,
	2013		2012		2011
Interest paid	$	98,599	$	38,092	$	21,168
Income taxes paid	$	14,405	$	12,501	$	33,641