XML 17 R7.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Dec. 31, 2016
Cash flows from operating activities:          
Net income (loss) $ 1,368 $ (9,941) $ 1,437 $ 2,391  
Adjustment to reconcile net income to net cash provided by operating activities:          
Depreciation and amortization     72,100 60,236  
Asset Impairment Charges 0 11,231 0 11,231  
Loss on Involuntary Conversion     330 0  
Non-cash portion of interest expense     980 780  
Intangible amortization in rental income, net     2,555 3,187  
Straight-line rent adjustments, net     (2,778) (1,293)  
Restricted Stock Award, Forfeitures, Dividends     2 3  
Loss on extinguishment of debt 2 839 2 1,973  
Gain on the sales of rental property, net     (1,662) (20,946)  
Non-cash compensation expense     4,775 5,649  
Change in assets and liabilities:          
Tenant accounts receivable, net     1,362 752  
Restricted cash     73 (366)  
Prepaid expenses and other assets     (6,317) (3,693)  
Accounts payable, accrued expenses and other liabilities     (543) 1,949  
Tenant prepaid rent and security deposits     4,110 (93)  
Total adjustments     74,989 59,369  
Net cash provided by operating activities     76,426 61,760  
Cash flows from investing activities:          
Acquisitions of land and buildings and improvements     (303,624) (70,875)  
Additions of land and building and improvements     (14,238) (11,201)  
Proceeds from Sale of Buildings     10,309 48,670  
Proceeds from Insurance Settlement, Investing Activities     639 0  
Restricted cash     757 (5,805)  
Acquisition deposits, net     820 (556)  
Acquisitions of deferred leasing intangibles     (62,782) (14,992)  
Net cash used in investing activities     (368,119) (54,759)  
Cash flows from financing activities:          
Proceeds from sale of series C preferred stock     0 75,000  
Proceeds from unsecured credit facility     356,000 152,000  
Repayment of unsecured credit facility     (254,000) (144,000)  
Repayment of mortgage notes     (17,033) (31,955)  
Payment of loan fees and costs     (43) (73)  
Payments of Debt Extinguishment Costs     (2) (1,969)  
Payments of Dividends     67,388 57,360  
Proceeds from sales of common stock     274,385 0  
Payments Related to Tax Withholding for Share-based Compensation     (969) 0  
Offering costs     (3,773) (2,650)  
Net cash provided by (used in) financing activities     287,177 (11,007)  
Decrease in cash and cash equivalents     (4,516) (4,006)  
Cash and cash equivalents—beginning of period     12,192 12,011 $ 12,011
Cash and cash equivalents—end of period 7,676 8,005 7,676 8,005 12,192
Supplemental disclosure:          
Cash paid for interest, net of capitalized interest     20,479 18,627  
Supplemental schedule of non-cash investing and financing activities          
Other Significant Noncash Transaction, Value of Consideration Given     18,558 0  
stag_Additionstobuildingandbuildingimprovements     503 1,004  
Noncash or Part Noncash Acquisition, Fixed Assets Acquired     16,986 174  
Acquisitions of deferred leasing intangibles     (2,001) (44)  
Partial Disposal of Building Due to Involuntary Conversion     424 0  
Investing Other Receivables Due to Involuntary Conversion     (424) 0  
Change in additions of land, building, and improvements included in accounts payable, accrued expenses, and other liabilities     (1,572) (1,207)  
Additions to building and other capital improvements from non-cash compensation     (16) (13)  
Change in loan fees, costs, and offering costs included in accounts payable, accrued expenses, and other liabilities     (141) 58  
Dividends and distributions declared but not paid $ 11,153 $ 8,327 $ 11,153 $ 8,327 $ 9,728