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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 55,845 $ 49,195
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 69,334 64,545
Amortization of above/below market leases (339) (251)
Amortization of deferred financing costs 1,119 786
Share-based compensation 5,812 4,171
Bad debt expense (88) 347
Changes in operating assets and liabilities:    
Accounts receivable 4,183 3,220
Deferred rent receivable (2,667) (2,548)
Deferred leasing costs (5,976) (6,758)
Other assets (2,211) (8,751)
Accounts payable and accrued expenses (341) 990
Unearned revenue, prepaid rent and other liabilities (746) (722)
Operating leases 442 1,711
Net cash provided by operating activities 124,367 105,935
CASH FLOWS FROM INVESTING ACTIVITIES    
Tenant improvements (2,667) (4,809)
Real estate improvements (107,093) (85,333)
Acquisition of CH2 land (4,383)  
Acquisition of U.S. Colo, net of cash received (6,298)  
Net cash used in investing activities (120,441) (90,142)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from exercise of stock options 219 4,678
Proceeds from revolving credit facility 122,500 75,000
Payments on revolving credit facility (180,036) (269,000)
Proceeds from unsecured debt 150,000 275,000
Payments of loan fees and costs (4,837) (2,410)
Dividends and distributions (94,185) (81,156)
Net cash provided by (used in) financing activities (6,339) 2,112
Net change in cash and cash equivalents (2,413) 17,905
Cash and cash equivalents, beginning of period 5,247 4,429
Cash and cash equivalents, end of period 2,834 22,334
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid for interest, net of capitalized amounts 15,419 9,271
Cash paid for operating lease liabilities 10,628 10,271
NON-CASH INVESTING AND FINANCING ACTIVITY    
Construction costs payable capitalized to real estate 26,868 4,079
Accrual of dividends and distributions 51,760 46,180
NON-CASH OPERATING ACTIVITY    
Lease liabilities arising from obtaining right-of-use assets $ 96,790 $ 8,330