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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash Flow - Operating Activities      
Net Income $ 124,120 $ 106,993 $ 67,649
Adjustments to net income:      
Depreciation and amortization, including intangible assets and deferred financing costs 112,722 104,894 96,700
Straight-line rent adjustment and amortization of rent-related intangibles (21,420) (19,101) (19,517)
Non-cash asset management fee expense and directors’ compensation 14,696 26,387 21,953
Realized and unrealized loss (gain) on foreign currency transactions and other 7,696 5,408 (7,929)
Deferred income tax expense (benefit) 4,150 7,599 (1,961)
Accretion of commercial mortgage-backed securities and other (3,760) (554) (395)
Equity in losses (earnings) of equity method investments in real estate in excess of distributions received 2,501 (13,974) 18,521
Gain on sale of real estate (2,197) (13,338) (8,059)
Impairment charges 1,023 570 0
Other non-cash adjustments 928 0 0
Loss on extinguishment of debt 58 0 538
Settlement of derivative asset 2,948 0 2,964
Net changes in other operating assets and liabilities 419 5,171 12,134
Net Cash Provided by Operating Activities 243,884 210,055 182,598
Cash Flows - Investing Activities      
Acquisitions of real estate and direct financing leases (293,324) (74,993) (310,890)
Capital expenditures on owned real estate (8,035) (4,352) (2,622)
Funding of loans receivable (42,600) 0 0
Proceeds from repayment of loan receivable 40,000 0 0
Capital contributions to equity investments in real estate (39,015) (199,470) (156,228)
Value added taxes paid in connection with acquisition of real estate (37,540) (5,499) (29,071)
Return of capital from equity investments in real estate 34,962 83,882 9,050
Funding for build-to-suit projects (24,258) (68,901) (91,402)
Value added taxes refunded in connection with acquisition of real estate 15,194 4,852 40,933
Proceeds from repayment of debenture 7,633 0 0
Payment of deferred acquisition fees to an affiliate (6,382) (6,755) (14,354)
Changes in investing restricted cash 6,300 (4,691) 3,036
Deposits for investments (1,000) 0 0
Investment in securities 0 (7,789) (1,614)
Proceeds from sale of real estate 0 68,789 19,973
Net Cash Used in Investing Activities (348,065) (214,927) (533,189)
Cash Flows - Financing Activities      
Borrowings from Senior Credit Facility 235,367 0 0
Distributions paid (215,914) (209,054) (198,440)
Proceeds from mortgage financing 170,233 92,791 308,873
Scheduled payments and prepayments of mortgage principal (121,267) (51,309) (44,830)
Repayments of Senior Credit Facility (120,400) 0 0
Proceeds from issuance of shares, net of issuance costs 103,657 101,983 97,975
Repurchase of shares (37,091) (25,375) (18,184)
Distributions to noncontrolling interests (35,716) (30,776) (26,760)
Proceeds from notes payable to affiliate 25,000 0 0
Repayment of notes payable to affiliate (25,000) 0 0
Contributions from noncontrolling interests 15,928 0 0
Payment of financing costs and mortgage deposits, net of deposits refunded (3,408) (878) (4,006)
Changes in financing restricted cash (1,098) (3,564) (5,389)
Net Cash (Used in) Provided by Financing Activities (9,709) (126,182) 109,239
Change in Cash and Cash Equivalents During the Year      
Effect of exchange rate changes on cash (8,940) (11,335) 7,130
Net decrease in cash and cash equivalents (122,830) (142,389) (234,222)
Cash and cash equivalents, beginning of year 275,719 418,108 652,330
Cash and cash equivalents, end of year $ 152,889 $ 275,719 $ 418,108