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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net income $ 47,035 $ 54,299
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 51,273 44,953
Non-cash interest income adjustments 549 343
Amortization of deferred financing costs 3,767 3,829
Stock-based compensation expense 6,137 5,389
Amortization of debt discount 81 77
Loss on extinguishment of debt 556 0
Straight-line rental income adjustments (16,710) (18,272)
Provision for doubtful accounts and loan losses 3,286 6,605
Change in fair value of contingent consideration 50 300
Net loss on sales of real estate 3,203 2,115
Impairment of real estate 29,811 0
Changes in operating assets and liabilities:    
Prepaid expenses and other assets 1,381 (15,035)
Accounts payable and accrued liabilities 6,217 (2,410)
Restricted cash (2,820) (3,078)
Net cash provided by operating activities 133,816 79,115
Cash flows from investing activities:    
Acquisitions of real estate (109,619) (386,572)
Origination and fundings of loans receivable (9,478) (26,207)
Origination and fundings of preferred equity investments (6,845) (9,281)
Additions to real estate (901) (1,596)
DIP loan fundings 0 (3,302)
Repayment of loans receivable 214,947 3,285
Release of contingent consideration held in escrow 0 5,240
Net proceeds from the sale of real estate 85,449 15,752
Net cash provided by (used in) investing activities 173,553 (402,681)
Cash flows from financing activities:    
Net (repayments of) proceeds from revolving credit facility (255,000) 136,000
Proceeds from term loans 69,360 73,242
Proceeds from mortgage notes 0 28,735
Principal payments on mortgage notes (13,756) (2,184)
Payments of deferred financing costs (5,933) (1,314)
Issuance of common stock, net (1,289) 139,617
Dividends paid on common and preferred stock (89,283) (80,619)
Net cash (used in) provided by financing activities (295,901) 293,477
Net increase (decrease) in cash and cash equivalents 11,468 (30,089)
Effect of foreign currency translation on cash and cash equivalents 772 (231)
Cash and cash equivalents, beginning of period 7,434 61,793
Cash and cash equivalents, end of period 19,674 31,473
Supplemental disclosure of cash flow information:    
Interest paid 49,009 43,405
Supplemental disclosure of non-cash investing and financing activities:    
Assumption of mortgage indebtedness 0 19,677
Real estate acquired through loan receivable foreclosure $ 10,100 $ 0