XML 21 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities:    
Net earnings $ 10,111 $ 26,588
Adjustments to reconcile net earnings to net cash flow provided by operating activities:    
Depreciation and amortization expense 7,474 4,530
Impairment charges 3,146 2,507
Gains from dispositions of real estate (3,241) (319)
Deferred rental revenue, net of allowance (1,379) (184)
Allowance for deferred rent and accounts receivable 16,739 215
Amortization of above-market and below-market leases (211) (262)
Accretion expense 1,584 296
Stock-based employee compensation expense 372 311
Changes in assets and liabilities:    
Net investment in direct financing leases 342 211
Accounts receivable, net (14,876) (150)
Other assets (3,334) 75
Environmental remediation costs (3,811) (110)
Accounts payable and accrued liabilities (2,480) 1,616
Net cash flow provided by operating activities 10,436 35,324
Cash flows from investing activities:    
Property acquisitions and capital expenditures (2,465) (166,594)
Proceeds from dispositions of real estate 5,013 784
Decrease in cash held for property acquisitions (2,016) 60
Collection of notes and mortgages receivable 928 307
Issuance of notes and mortgages receivable (1,011) (30,640)
Net cash flow provided by (used in) investing activities 449 (196,083)
Cash flows from financing activities:    
Borrowings under credit agreement 4,000 231,253
Repayments under credit agreement   (122,553)
Repayments under term loan agreement (390) (390)
Payments of cash dividends   (30,543)
Payment of loan origination costs (3,701) (175)
Net proceeds from issuance of common stock   91,986
Net cash flow provided by (used in) financing activities (91) 169,578
Net increase in cash and cash equivalents 10,794 8,819
Cash and cash equivalents at beginning of period 7,698 6,122
Cash and cash equivalents at end of period 18,492 14,941
Supplemental disclosures of cash flow information    
Interest paid 2,730 2,466
Income taxes paid, net 178 146
Environmental remediation costs $ 1,162 $ 1,161