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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating activities      
Net income $ 903,819 $ 656,940 $ 432,272
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 345,577 333,781 275,953
Amortization of deferred financing costs and debt discount 17,045 16,856 13,099
Straight-line rent revenue and other (282,504) (288,717) (226,906)
Stock / (Unit)-based compensation expense 49,421 52,110 47,154
(Gain) loss from sale of real estate (536,755) (52,471) 2,833
Real estate and other impairment charges 268,375 39,411 19,006
Write-off of unbilled rent and other 34,605 7,213 26,415
Debt refinancing and unutilized financing costs 9,452 27,650 28,180
Gain on sale of equity investments   (40,945)  
Tax rate and other changes 10,697 34,796 9,295
Pre-acquisition rent collected - Circle Transaction     (35,020)
Other adjustments 6,108 11,913 8,134
Changes in:      
Interest and rent receivables (116,420) (23,867) (2,438)
Other assets (4,029) (4,375) 18,264
Accounts payable and accrued expenses 33,576 54,058 (18,424)
Deferred revenue 43 (12,697) 19,819
Net cash provided by operating activities 739,010 811,656 617,636
Investing activities      
Cash paid for acquisitions and other related investments (1,332,962) (5,350,239) (4,249,180)
Net proceeds from sale of real estate 2,185,574 246,468 94,177
Principal received on loans receivable 53,322 1,595,708 1,306,187
Investment in loans receivable (207,542) (58,932) (62,651)
Construction in progress and other (109,237) (67,725) (68,350)
Proceeds from sale and return of equity investment 14,295 65,546 69,224
Capital additions and other investments, net (207,394) (289,239) (36,180)
Net cash provided by (used for) investing activities 396,056 (3,858,413) (2,946,773)
Financing activities      
Proceeds from term debt, net of discount 128,536 3,407,535 2,215,950
Payments of term debt (869,606) (1,390,994) (800,000)
Revolving credit facilities, net 203,576 559,985 162,633
Dividends / Distribution paid (698,535) (643,473) (567,969)
Lease deposits and other obligations to tenants (5,020) 17,815 21,706
Proceeds from sale of common shares, net of offering costs   1,051,229 411,101
Repurchase of common stock / unit (17,940)    
Stock / Unit vesting - satisfaction of tax withholdings (29,922)    
Payment of debt refinancing, deferred financing costs and other financing activities (53,612) (54,489) (42,347)
Net cash (used for) provided by financing activities (1,342,523) 2,947,608 1,401,074
Decrease in cash, cash equivalents, and restricted cash for the year (207,457) (99,149) (928,063)
Effect of exchange rate changes (12,887) 4,662 16,441
Cash, cash equivalents, and restricted cash at beginning of year 461,882 556,369 1,467,991
Cash, cash equivalents, and restricted cash at end of year 241,538 461,882 556,369
Interest paid, including capitalized interest of $6,454 in 2022, $3,289 in 2021, and $3,030 in 2020 353,838 326,406 309,920
Supplemental schedule of non-cash financing activities:      
Dividends declared, unpaid 176,580 176,494 147,666
Cash, cash equivalents, and restricted cash are comprised of the following:      
Cash and cash equivalents at beginning of period 459,227 549,884 1,462,286
Restricted cash, included in Other assets at beginning of period $ 2,655 $ 6,485 $ 5,705
Restricted Cash and Cash Equivalents, Asset, Statement of Financial Position [Extensible List] Other Assets Other Assets Other Assets
Cash, cash equivalents, and restricted cash at beginning of year $ 241,538 $ 461,882 $ 556,369
Cash and cash equivalents at end of period 235,668 459,227 549,884
Restricted cash, included in Other assets at end of period $ 5,870 $ 2,655 $ 6,485
Restricted Cash and Cash Equivalents, Asset, Statement of Financial Position [Extensible List] Other Assets Other Assets Other Assets
Cash, cash equivalents, and restricted cash at end of year $ 241,538 $ 461,882 $ 556,369
MPT Operating Partnership, L.P. [Member]      
Operating activities      
Net income 903,819 656,940 432,272
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 345,577 333,781 275,953
Amortization of deferred financing costs and debt discount 17,045 16,856 13,099
Straight-line rent revenue and other (282,504) (288,717) (226,906)
Stock / (Unit)-based compensation expense 49,421 52,110 47,154
(Gain) loss from sale of real estate (536,755) (52,471) 2,833
Real estate and other impairment charges 268,375 39,411 19,006
Write-off of unbilled rent and other 34,605 7,213 26,415
Debt refinancing and unutilized financing costs 9,452 27,650 28,180
Gain on sale of equity investments   (40,945)  
Tax rate and other changes 10,697 34,796 9,295
Pre-acquisition rent collected - Circle Transaction     (35,020)
Other adjustments 6,108 11,913 8,134
Changes in:      
Interest and rent receivables (116,420) (23,867) (2,438)
Other assets (4,029) (4,375) 18,264
Accounts payable and accrued expenses 33,576 54,058 (18,424)
Deferred revenue 43 (12,697) 19,819
Net cash provided by operating activities 739,010 811,656 617,636
Investing activities      
Cash paid for acquisitions and other related investments (1,332,962) (5,350,239) (4,249,180)
Net proceeds from sale of real estate 2,185,574 246,468 94,177
Principal received on loans receivable 53,322 1,595,708 1,306,187
Investment in loans receivable (207,542) (58,932) (62,651)
Construction in progress and other (109,237) (67,725) (68,350)
Proceeds from sale and return of equity investment 14,295 65,546 69,224
Capital additions and other investments, net (207,394) (289,239) (36,180)
Net cash provided by (used for) investing activities 396,056 (3,858,413) (2,946,773)
Financing activities      
Proceeds from term debt, net of discount 128,536 3,407,535 2,215,950
Payments of term debt (869,606) (1,390,994) (800,000)
Revolving credit facilities, net 203,576 559,985 162,633
Dividends / Distribution paid (698,535) (643,473) (567,969)
Lease deposits and other obligations to tenants (5,020) 17,815 21,706
Proceeds from sale of units, net of offering costs   1,051,229 411,101
Repurchase of common stock / unit (17,940)    
Stock / Unit vesting - satisfaction of tax withholdings (29,922)    
Payment of debt refinancing, deferred financing costs and other financing activities (53,612) (54,489) (42,347)
Net cash (used for) provided by financing activities (1,342,523) 2,947,608 1,401,074
Decrease in cash, cash equivalents, and restricted cash for the year (207,457) (99,149) (928,063)
Effect of exchange rate changes (12,887) 4,662 16,441
Cash, cash equivalents, and restricted cash at beginning of year 461,882 556,369 1,467,991
Cash, cash equivalents, and restricted cash at end of year 241,538 461,882 556,369
Interest paid, including capitalized interest of $6,454 in 2022, $3,289 in 2021, and $3,030 in 2020 353,838 326,406 309,920
Supplemental schedule of non-cash financing activities:      
Dividends declared, unpaid 176,580 176,494 147,666
Cash, cash equivalents, and restricted cash are comprised of the following:      
Cash and cash equivalents at beginning of period 459,227 549,884 1,462,286
Restricted cash, included in Other assets at beginning of period $ 2,655 $ 6,485 $ 5,705
Restricted Cash and Cash Equivalents, Asset, Statement of Financial Position [Extensible List] Other Assets Other Assets Other Assets
Cash, cash equivalents, and restricted cash at beginning of year $ 241,538 $ 461,882 $ 556,369
Cash and cash equivalents at end of period 235,668 459,227 549,884
Restricted cash, included in Other assets at end of period $ 5,870 $ 2,655 $ 6,485
Restricted Cash and Cash Equivalents, Asset, Statement of Financial Position [Extensible List] Other Assets Other Assets Other Assets
Cash, cash equivalents, and restricted cash at end of year $ 241,538 $ 461,882 $ 556,369